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Markets hit fresh record highs; Sensex climbs 308 points

Markets hit fresh record highs; Sensex climbs 308 points

Rediff.com18 Jun 2024

Among the 30 Sensex companies, Power Grid, Wipro, ICICI Bank, Titan, Mahindra & Mahindra, Axis Bank, HDFC Bank, Infosys, JSW Steel and State Bank of India were the biggest gainers. In contrast, Maruti, UltraTech Cement, Tata Steel, Tata Motors, ITC and Tata Consultancy Services were among the laggards.

What's cooking? Shinde, Fadnavis, Pawar hold late-night meet

What's cooking? Shinde, Fadnavis, Pawar hold late-night meet

Rediff.com18 Jun 2024

The meeting was convened in the backdrop of the ruling Mahayuti's below par performance in the recently-concluded Lok Sabha elections.

Gold, silver import surges 210% from UAE in 2023-24

Gold, silver import surges 210% from UAE in 2023-24

Rediff.com17 Jun 2024

India's gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed 210 per cent to $10.7 billion in 2023-24 and there is a need to potentially revise the concessional customs duty rates under the pact to mitigate the arbitrage driving this surge, a report said on Monday. Economic think tank Global Trade Research Initiative (GTRI) said this sharp rise in gold and silver imports is primarily driven by import duty concessions granted by India to the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).

India Inc's top line struggled but profit rose 25% in FY24

India Inc's top line struggled but profit rose 25% in FY24

Rediff.com17 Jun 2024

The post-Covid pandemic boom in corporate revenues appeared to have faded away in 2023-24. Yet, companies have reported a sharp recovery in their profits in FY24, driven by high margins. Their combined net sales, including gross interest income for lenders, rose by a modest 4.8 per cent year-on-year (Y-o-Y) in FY24.

Six of 8 Maoists killed in Chh'garh were senior cadres, carried Rs 48L bounty

Six of 8 Maoists killed in Chh'garh were senior cadres, carried Rs 48L bounty

Rediff.com17 Jun 2024

The police on Saturday claimed to have gunned down eight Maoists during an encounter in forests near Kutul-Farasbeda and Kodtameta villages in the district.

Why Mo-Sha Want To Placate Ajit-Shinde

Why Mo-Sha Want To Placate Ajit-Shinde

Rediff.com17 Jun 2024

The coming weeks are sure to have a lot of drama unfolding in Maharashtra, predicts N Sathiya Moorthy.

EVMs in India are 'black box', can't scrutinise, says Rahul, backs Musk's view

EVMs in India are 'black box', can't scrutinise, says Rahul, backs Musk's view

Rediff.com16 Jun 2024

The former Congress president also tagged a post by Tesla CEO Elon Musk in which he talked about eliminating EVMs.

Mandhana ton, spinners shine as India crush South Africa

Mandhana ton, spinners shine as India crush South Africa

Rediff.com16 Jun 2024

Mandhana's sixth ODI century (117, 127 balls , 12x4s, 1x6) formed the fulcrum of India's competitive 265 for eight on a sluggish Chinnaswamy pitch.

NDA will win all 4 MLC seats after LS setback in Maha: Fadnavis

NDA will win all 4 MLC seats after LS setback in Maha: Fadnavis

Rediff.com16 Jun 2024

He cautioned the party workers and emphasised the importance of management to ensure electors reach polling booths and cast their votes.

Poll official rejects EVM 'unlocking' news; notices issued to 2 newspapers

Poll official rejects EVM 'unlocking' news; notices issued to 2 newspapers

Rediff.com16 Jun 2024

Suryavanshi said the personal mobile phone of one Dinesh Gurav, the data entry operator of Jogeshwari assembly constituency, was found in the hands of an unauthorised person and action is being taken in this regard.

Shiv Sena leader's kin booked for bringing phone to counting centre

Shiv Sena leader's kin booked for bringing phone to counting centre

Rediff.com16 Jun 2024

FIR has also been registered against a polling personnel Dinesh Gurav, who was an Encore (poll portal) operator with the Election Commission.

Australia look to 'fresh start' after fighting Scottish challenge

Australia look to 'fresh start' after fighting Scottish challenge

Rediff.com16 Jun 2024

'T20 is a hard format. We are excited for what is to come.'

HC orders Sunita to take down Kejriwal's court video

HC orders Sunita to take down Kejriwal's court video

Rediff.com15 Jun 2024

In the video, Arvind Kejriwal, the Aam Aadmi Party (AAP) national convenor, is seen addressing a trial court.

No question of taking back rebels: Uddhav, Pawar

No question of taking back rebels: Uddhav, Pawar

Rediff.com15 Jun 2024

Shiv Sena-Uddhav Balasaheb Thackeray chief Uddhav Thackeray and Nationalist Congress Party-Sharadchandra Pawar supremo Sharad Pawar on Saturday said there was no question of taking back those leaders who had deserted the two parties.

Shopping blunders to movies, music: Neeraj Chopra gets personal

Shopping blunders to movies, music: Neeraj Chopra gets personal

Rediff.com15 Jun 2024

Neeraj exhibited the basics of throwing a javelin to former Indian cricketer Dinesh Karthik on JioCinema's 'Get Set Gold'

Exports up 9% in May; trade deficit widens to 7-month high

Exports up 9% in May; trade deficit widens to 7-month high

Rediff.com14 Jun 2024

India's merchandise exports rose by 9.1 per cent to $38.13 billion in May even as the trade deficit widened to a seven-month high of $23.78 billion during the month, according to government data. Healthy growth in sectors, such as engineering, electronics, pharmaceuticals, textiles and plastics helped register growth in exports despite global economic uncertainties.

Markets at fresh highs on buying in HDFC Bank, RIL

Markets at fresh highs on buying in HDFC Bank, RIL

Rediff.com14 Jun 2024

Among the 30 Sensex companies, Mahindra & Mahindra, Titan, HDFC Bank, Reliance Industries, UltraTech Cement, Bajaj Finance, Axis Bank, Tata Motors and Asian Paints were the biggest gainers. On the other hand, Tech Mahindra, Tata Consultancy Services, Wipro, HCL Technologies, Larsen & Toubro and State Bank of India were among the major laggards.

'Election Commission Has Been Found Wanting'

'Election Commission Has Been Found Wanting'

Rediff.com14 Jun 2024

'One of the principles of the MCC that you should not make hate speeches and create hatred between communities on the basis of religion was violated on a scale that was never seen before.' 'Religious symbols were very liberally used and speeches were made to polarise people on the basis of religion.'

Kuwaiti authorities identify bodies of 45 Indians; vows prompt probe

Kuwaiti authorities identify bodies of 45 Indians; vows prompt probe

Rediff.com14 Jun 2024

Kuwaiti authorities have identified the bodies of 45 Indians and three Filipino nationals killed in the tragic fire incident in a building housing foreign workers in the Gulf Kingdom, a top official said on Thursday.

Kuwait fire: IAF aircraft to bring back mortal remains of Indians

Kuwait fire: IAF aircraft to bring back mortal remains of Indians

Rediff.com13 Jun 2024

Kuwaiti authorities are conducting DNA tests on the bodies of those killed in the devastating fire incident in southern Kuwait's Mangaf area and an Indian Air Force aircraft is on standby to bring back the mortal remains of Indians killed in the incident, officials said on Thursday.

Near term demand triggers lacking for liquor major United Spirits

Near term demand triggers lacking for liquor major United Spirits

Rediff.com13 Jun 2024

The stock of United Spirits, the country's largest liquor company by market capitalisation (mcap), has gained 11 per cent over the past week on double-digit growth guidance, rising premiumisation trend, operationally in-line performance in the March (Q4FY24) quarter and a rally in consumer stocks. The revenue growth of the company came in at 7 per cent year-on-year (Y-o-Y) mirroring the growth of the prestige and above (P&A) segment. This segment comprising premium brands accounts for 88 per cent of the revenues.

Retail inflation eases marginally to 1-year low of 4.75% in May

Retail inflation eases marginally to 1-year low of 4.75% in May

Rediff.com12 Jun 2024

Retail inflation eased to a one-year low of 4.75 per cent in May as prices of some kitchen items declined marginally, according to government data released on Wednesday. The Consumer Price Index (CPI) based retail inflation was 4.83 per cent in April 2024 and 4.31 per cent in May 2023 (previous low).

Amid volatility retail investor confidence unshaken

Amid volatility retail investor confidence unshaken

Rediff.com12 Jun 2024

The spike in volatility, amid election uncertainty, has done little to dent the confidence of retail investors, shows demat account addition and equity mutual fund (MF) investment data. In May, investors opened a net 3.6 million demat accounts, taking the total to 158 million. MF data released on Monday pegged the net inflows into equity schemes and SIP investments at new record highs of Rs 34,697 crore and Rs 20,904 crore, respectively.

Passenger vehicle sales up 4% in May

Passenger vehicle sales up 4% in May

Rediff.com11 Jun 2024

Passenger vehicle wholesales in India increased 4 per cent year-on-year in May to 3,47,492 units, as compared to the same month last year, industry body SIAM said on Tuesday. Overall passenger vehicle (PV) dispatches from companies to dealers stood at 334,537 units in May 2023.

Markets end flat as investors remain on the sidelines

Markets end flat as investors remain on the sidelines

Rediff.com11 Jun 2024

Among the 30 Sensex companies, Kotak Mahindra Bank, Asian Paints, Reliance Industries, ITC, Sun Pharma, ICICI Bank, Axis Bank and JSW Steel were the major laggards. Larsen & Toubro, Tata Motors, Maruti, NTPC, Mahindra & Mahindra and UltraTech Cement were among the gainers.

LS poll results 'reality check' for overconfident BJP: RSS mouthpiece

LS poll results 'reality check' for overconfident BJP: RSS mouthpiece

Rediff.com11 Jun 2024

Neglect of older dedicated workers who worked without the urge for recognition by the new age social media-aided selfie powered activists was also evident in the poll results, it said.

Pricing challenge in US biz, rich valuations may weigh on pharma stocks

Pricing challenge in US biz, rich valuations may weigh on pharma stocks

Rediff.com11 Jun 2024

The tailwind of low price erosion in the US generics market, seen by domestic pharmaceutical companies in calendar year 2023 (CY23), may be reversing slowly, caution analysts. According to the latest data from US-based Centers for Medicare and Medicaid Services (CMMS), price erosion in calendar year 2024 (CY24) on a year-to-date (YTD) basis stood at a high of 15 per cent in the oral solid dosage (OSD) segment compared to a low of 1 per cent in CY23. This erosion, according to a report by Antique Stock Broking, was the highest in the last three years.

'People Call Me Dabang'

'People Call Me Dabang'

Rediff.com11 Jun 2024

'This is the victory of the people of Gujarat who want real development, not the hype of development.'

Rohit's captaincy was outstanding: Ponting

Rohit's captaincy was outstanding: Ponting

Rediff.com10 Jun 2024

Ricky Ponting hailed Rohit Sharma's 'outstanding' captaincy in India's thrilling six-run win over Pakistan.

Rajasthan Hotels Offer Off-Season Bargains

Rajasthan Hotels Offer Off-Season Bargains

Rediff.com10 Jun 2024

Hotel rooms, usually in the range of Rs 20,000 to Rs 25,000 a night during the peak season, are now available for Rs 7,000 to Rs 10,000 a night.

PICS: Bumrah stars as India edge Pakistan in thriller

PICS: Bumrah stars as India edge Pakistan in thriller

Rediff.com10 Jun 2024

Images from the T20 World Cup Group A match between India and Pakistan in New York on Sunday.

Ex-Congressman Bittu is BJP's anti-Khalistan face in Punjab

Ex-Congressman Bittu is BJP's anti-Khalistan face in Punjab

Rediff.com10 Jun 2024

BJP leader Amit Shah in a poll rally last month had asked people of Ludhiana to send Ravneet Singh Bittu to Parliament, promising them that he will make him a 'bada aadmi' (a big man).

33 first-timers among Modi's council of ministers

33 first-timers among Modi's council of ministers

Rediff.com9 Jun 2024

Those joining Prime Minister Narendra Modi's council of ministers for the first time include three former chief ministers -- Shivraj Singh Chouhan (Madhya Pradesh), Manohar Lal Khattar (Haryana) and H D Kumaraswamy (Karnataka).

Modi 3.0: Who May Lose, Who May Gain

Modi 3.0: Who May Lose, Who May Gain

Rediff.com8 Jun 2024

UP's representation in the government could diminish, given the BJP's decreased seat count in that state.

Why AP Opted For Chandrababu

Why AP Opted For Chandrababu

Rediff.com7 Jun 2024

Both Chandrababu Naidu and Pawan Kalyan assured voters that they would bring jobs and industrial development to the state. Their alliance batted for a welfare-plus-development model.

Uddhav joining NDA? Here's what ally NCP-SP said

Uddhav joining NDA? Here's what ally NCP-SP said

Rediff.com6 Jun 2024

Shiv Sena-Uddhav Balasaheb Thackeray chief Uddhav Thackeray will not switch to the ruling Bharatiya Janata Party-led National Democratic Alliance, Maharashtra Nationalist Congress Party-Sharadchandra Pawar president Jayant Patil asserted on Thursday, seeking to scotch speculation about a possible crossover by his key ally.

Rohit Sharma ends Dhoni's reign

Rohit Sharma ends Dhoni's reign

Rediff.com6 Jun 2024

Rohit currently sits at fourth place in the overall list of captains with the most T20I wins.

Fatwas helped Uddhav win Mumbai LS seats: Maha min

Fatwas helped Uddhav win Mumbai LS seats: Maha min

Rediff.com6 Jun 2024

The Maharashtra minister alleged that Muslim voters were convinced that Uddhav Thackeray had "forsaken" Hindutva ideologies and the ideals of Shiv Sena founder Bal Thackeray which led to them coming together to help the Congress and Shiv Sena-UBT candidates.

Investors become richer by Rs 13.22 lakh cr as markets bounce back

Investors become richer by Rs 13.22 lakh cr as markets bounce back

Rediff.com5 Jun 2024

A day after facing massive erosion from their wealth, equity investors became richer by Rs 13.22 lakh crore on Wednesday with markets making a strong comeback. The 30-share BSE Sensex jumped 2,303.19 points, or 3.20 per cent, to settle at 74,382.24. During the day, it rallied 2,455.77 points, or 3.40 per cent, to 74,534.82.

Who Won By The Highest/Lowest Margins?

Who Won By The Highest/Lowest Margins?

Rediff.com5 Jun 2024

Hemant V Shivsaran/Rediff.com does a deep dive and lists the winners with the highest and lowest margins in the recent Lok Sabha elections.

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