ONGC was the top gainer in the Sensex pack, rallying around 6 per cent, followed by NTPC, Tata Steel, ICICI Bank, ITC, Titan and Bajaj Auto. On the other hand, Axis Bank, M&M, Tech Mahindra, Asian Paints and Bajaj Finserv were among the laggards.
Strong demand in the domestic market, coupled with an increase in raw material prices, is pushing up steel prices. According to SteelMint, a market intelligence and price reporting firm, the list price of flat steel has seen an increase of Rs 750-2,000 per tonne for October deliveries. The long steel price witnessed an increase of Rs 1,500 per tonne towards the end of September.
The Reserve Bank on Friday superseded the board of the city-based Abhyudaya Cooperative Bank on concerns emanating from "poor governance" and appointed an administrator to manage the affairs of the lender. In what can be seen as a step that should allay depositors' concerns, the central bank did not put any restrictions or moratorium on deposit withdrawals because of the comfort it gets on the bank's finances, according to people in the know. "(The) action is necessitated due to certain material concerns emanating from poor governance standards observed in the bank.
With pacer Mohammed Shami in menacing form, India holds the edge in the bowling department against Australia, reckons batting great Gundappa Viswanath, who wants skipper Rohit Sharma to convert his aggressive starts to a big hundred in the World Cup final.
There may be two years left for the general elections but the United Progressive Alliance government is already planning a Rs 550-crore
Around half the value of the mark-downs is due to the Japanese currency's appreciation against other currencies.
The 550-seater A-380, which will enter airline service from 2006, is billed to be the largest aircraft in the world.
The government has cut the windfall profit tax on crude oil produced in the country while the levy on exports of diesel and ATF has been hiked, an official notification said. The tax, levied in the form of special additional excise duty or SAED, on domestically produced crude oil was reduced to Rs 6,700 per tonne from Rs 7,100 a tonne. SAED on the export of diesel was increased to Rs 6 per litre from Rs 5.50 a litre and on jet fuel or ATF to Rs 4 per litre from Rs 2, the notification said.
Strong performance by its US subsidiary Novelis and better returns in the copper business helped Hindalco Industries post consolidated revenue growth of 2 per cent quarter-on-quarter (Q-o-Q) to Rs 54,100 crore in the July-September quarter of 2023-23 (Q2FY24). Novelis' Flat Rolled Products (FRP) volumes grew 6 per cent Q-o-Q to 933,000 tonnes (down 5.2 per cent Y-o-Y) on better North American and European volumes. The consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) declined 2 per cent Q-o-Q to Rs 5,610 crore despite lower input costs in India and better Novelis performance.
Roundup of Ranji Trophy matched played on Sunday
They groove to their own songs, over 80 in all. Their aim? To convey social messages. Meet Meri Zindagi -- the all-woman, Lucknow-based rock band.
Indian cricket team will not just be looking to win a third ODI global title but also look at saving the '50-over format' which has been battling identity crisis for at least five years now.
M&M was the top gainer in the Sensex pack, jumping around 6 per cent, followed by Titan, HCL Tech, Tata Steel, Infosys and TCS. On the other hand, Axis Bank, HUL, Kotak Bank and Bharti Airtel were among the laggards.
Oil and Natural Gas Corporation is likely to buy 16.9 per cent stake of Hindustan Petroleum Corporation in loss-making Mangalore Refinery and Petrochemicals for close to Rs 550 crore.\n\n
Brokerages lowered their earnings estimates following muted results in Q1FY24. While analysts remain optimistic about the stock's medium-term prospects, they highlight near-term concerns stemming from lower realisations due to changes in the product mix and margin pressures resulting from new plane additions.
Few big ticket road projects will be fast-tracked soon.
Global investment firm KKR will invest Rs 2,069.50 crore in Reliance Retail Ventures Ltd for a 0.25 per cent additional stake of the retailer at a valuation of about Rs 8.36 lakh crore, Reliance Industries Ltd said on Monday. After this investment, KKR's shareholding in Reliance Retail Ventures Ltd (RRVL), the holding company of the retail business of billionaire Mukesh Ambani-led RIL, will increase to 1.42 per cent from 1.17 per cent. The investment is at "a pre-money equity value of Rs 8.361 lakh crore (around $100.87 billion)", said a joint statement.
Chasing targets has been their Achilles heel throughout the tournament. The same batters who've plundered the bowling and scored daddy hundreds batting first, have resembled pale shadows of themselves chasing targets.
The official confirmed that one of the senior officials accompanying the contingent had submitted a report to the National Rifle Association of India (NRAI) and "everyone, including the coaching staff will be called for questioning soon".
The GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion, Revenue secretary Sanjay Malhotra said on Friday. The collection from Goods and Services Tax (GST) was Rs 1,43,612 crore in August 2022. "Roughly numbers are in the range of 11 per cent year on year growth as in earlier months," Malhotra told reporters.
A US federal judge in Houston has declared illegal a federal policy that prevents the deportation of hundreds of thousands of undocumented immigrants, including hundreds of Indians, brought to the US as children, but noted that the government can continue to process renewals of its current recipients.
The Board of Control for Cricket in India on Wednesday indicated it will appeal against former Chief Justice of India R C Lahoti's report that went in favour of Kochi Tuskers, the erstwhile Indian Premier League franchise whose contract was terminated by the Board in 2011 because of an alleged breach of contract.
Asset Management Companies (AMCs) demonstrated improved business metrics in the first quarter ended June 2023 (Q1FY24), but a sharp run-up in stocks leaves little room for further upside in the immediate term, say analysts. During this quarter, HDFC AMC reported a 10 per cent year-on-year (YoY) rise in revenue from operations at Rs 575 crore. Nippon India's revenue from operations went up 12 per cent to Rs 354 crore.
ITC topped the Sensex gainers' chart with a jump of 3.31 per cent, followed by Reliance Industries, Bajaj Finance, ICICI Bank, Infosys, Axis Bank and Wipro. On the other hand, NTPC, UltraTech Cement, L&T, Sun Pharma, Asian Paints and Maruti were among the major laggards.
'The good governance which the Congress government claims has resulted in a regime where women in Rajasthan are afraid to go out of their homes.'
It's the second fastest of the year to achieve this feat as it managed to go past the Rs 100 crore mark -- in just nine days.
The Vin Diesel film had the best collections amongst all the movies in the running across the country.
L&T-Infrastructure Development Projects Limited will divest 21.6 per cent stake to Silver Peak Investments (Mauritius) and an India Development Fund-led consortium for Rs 550 crore.
The inactivity of Go First may help other airlines in India's competitive market as it had a 7.8 per cent market share.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index after 37 World Cup 2023 games.
Post your financial planning queries for rediffGURU and financial planning expert, Colonel Sanjeev Govila.
India could field three spinners against Australia in the final.
Rajasthan Royals were dealt a blow as the inaugural champions will miss Prasidh Krishna's services for IPL 2023.
From being the biggest opener to being the fastest entrant into the Rs 100 crore, 200 crore and 300 crore (Rs 1 billion, 2 billion, 3 billion) club to going past the Rs 400 crore (Rs 4 billion) mark with ease to opening the Rs 500 crore (Rs 5 billion) club for Bollywood and now crossing the lifetime collections of the Hindi dubbed version of Baahubali: The Conclusion (Rs 511 crore/Rs 5.11 billion), Pathaan has done it all.
His value lifestyle brand Zudio signals a coming of age of retail in small town India.
Disney-Star is positioning IPL as a "big-screen experience" where families and friends can come together over a game of cricket, much the way football is consumed in Europe and other parts of the world.
Hauling itself up from World Group II should not be a complicated task for India when it takes on an unostentatious Morocco in the home tie, which will be more of a celebration of Rohan Bopanna's Davis Cup career.
Automotive (auto) and auto ancillary stocks have been in the fast lane thus far in 2023-24 (FY24), with the National Stock Exchange Nifty Auto Index surging nearly 27 per cent, outperforming the Nifty50, which has gained roughly 11 per cent during this period. The top-gear performance of auto stocks at the bourses, according to A K Prabhakar, head of research at IDBI Capital, has been triggered by the premiumisation of products across vehicle manufacturers, which has seen vehicle sales remaining relatively stable. "It is not about higher sales figures now, but about premiumisation.
Chinese officials hope the cases will come down in the coming days with more specialised hospitals being set up in Wuhan. China's ministry of science and technology said that a batch of Remdesivir, an antiviral drug, which will be put into clinical trials to test its efficiency on the novel coronavirus (2019-nCoV), is expected to arrive in China soon.
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