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Factors that will guide the markets this week

Factors that will guide the markets this week

Rediff.com27 Oct 2024

Equity investors will track the trading activity of foreign investors, global trends and ongoing earnings results for further cues, and benchmark indices may continue to witness consolidation in a holiday-shortened week amid the monthly derivatives expiry, analysts said. Markets fell sharply last week amid massive foreign capital outflows and dismal Q2 earnings so far. Weakness in the markets might continue in the near term amid cautiousness among investors ahead of the US presidential election early next month, an expert said.

China's Qinwen continues title-winning spree

China's Qinwen continues title-winning spree

Rediff.com27 Oct 2024

Zheng's win improved her record at the Pan Pacific Open to 8-1, with the 22-year-old having lost in the 2022 final to Liudmila Samsonova in her only previous appearance in the tournament.

Doesn't mean all is resolved: Jaishankar on LAC agreement with China

Doesn't mean all is resolved: Jaishankar on LAC agreement with China

Rediff.com27 Oct 2024

External Affairs Minister S Jaishankar on Saturday said the breakthrough agreement with China on patrolling along the Line of Actual Control (LAC) does not mean that issues between the two countries have been resolved, however, the disengagement allows us to look at the next step.

Manika's historic run at WTT 2024 ends in quarters

Manika's historic run at WTT 2024 ends in quarters

Rediff.com27 Oct 2024

Manika Batra is the first Indian player to make it to the top eight of a WTT Champions tournament.

Bronze rush for India: Five medals bagged at U23 Worlds

Bronze rush for India: Five medals bagged at U23 Worlds

Rediff.com26 Oct 2024

India's 59kg woman grappler Anjli clinched a silver medal, while free-style exponent Chirag assured the country of at least a second-place finish when he reached the 55kg final in the in the U23 World Championships in Tirana, Albania.

Karnataka Cong MLA gets 7-yr jail for theft, illegal export of iron ore

Karnataka Cong MLA gets 7-yr jail for theft, illegal export of iron ore

Rediff.com26 Oct 2024

A special court in Bengaluru has sentenced Congress MLA Sateesh Krishna Sail to seven years imprisonment and imposed hefty fines for theft and illegal export of seized iron ore from Belekeri port during 2009-10.

'Very very unimaginable': Jaishankar on India-China agreement

'Very very unimaginable': Jaishankar on India-China agreement

Rediff.com26 Oct 2024

External Affairs Minister S Jaishankar on Saturday credited the breakthrough agreement with China on patrolling along the Line of Actual Control to the military which worked in 'very very unimaginable' conditions and deft diplomacy.

US deports Indians staying illegally

US deports Indians staying illegally

Rediff.com26 Oct 2024

The United States hired a chartered flight to deport Indian nationals who were staying in the country illegally, the Department of Homeland Security has said, noting that this has been done in cooperation with the Indian government.

WTT Champions: Manika Batra knocks out World No 14 WTT Champions

WTT Champions: Manika Batra knocks out World No 14 WTT Champions

Rediff.com26 Oct 2024

Star Indian paddler Manika Batra shocked world No.14 Bernadette Szocs of Romania to enter the women singles quarterfinals of the WTT Champions event in Montpellier, France.

Friday's Sensex Crash: Anything To Worry?

Friday's Sensex Crash: Anything To Worry?

Rediff.com26 Oct 2024

'The economy is clearly at a very soft spot, and earnings growth is disappointing every day.' 'After three great years, the Indian economy has hit a rough patch.'

Disengagement of troops going on 'smoothly' in eastern Ladakh: China

Disengagement of troops going on 'smoothly' in eastern Ladakh: China

Rediff.com26 Oct 2024

China has said that the disengagement of troops in eastern Ladakh by the Chinese and Indian armies is going on "smoothly" following a recent agreement between the two nations.

India, China to complete troop disengagement at Demchok, Depsang by Oct 29

India, China to complete troop disengagement at Demchok, Depsang by Oct 29

Rediff.com26 Oct 2024

Disengagement of Indian and Chinese troops has started at two friction points in Demchok and Depsang Plains in the Eastern Ladakh sector, defence officials said.

Kenin upsets Kasatkina in Tokyo, advances to semis

Kenin upsets Kasatkina in Tokyo, advances to semis

Rediff.com25 Oct 2024

Sofia Kenin advanced to the Toray Pan Pacific Open semifinals with a 6-3, 6-4 upset of No. 3 seed Daria Kasatkina on Friday in Tokyo.

Recalled envoy cautions students going to Canada

Recalled envoy cautions students going to Canada

Rediff.com25 Oct 2024

Indians hoping to study in Canada should think twice because many students have ended up in substandard colleges with no job prospects despite spending lakhs of rupees, resulting in depression and suicide, India's top envoy there says.

Grab A Thrill Pill On OTT This Week

Grab A Thrill Pill On OTT This Week

Rediff.com25 Oct 2024

Troubled twins, dangerous cults, portent dreams, telepathic kids, World War III, yakuza clans... Sukanya Verma lists the many options on OTT this week.

Indian midcap, smallcap stock rally in 2024 is the best in the world

Indian midcap, smallcap stock rally in 2024 is the best in the world

Rediff.com25 Oct 2024

The rally in Indian mid-and smallcap indices thus far in calendar year 2024 (CY24) has been the best in class across the world, eclipsing the global FTSE benchmarks, and also out running peers from other leading world stock markets. This is despite the correction in the mid-and smallcap segments back home seen in the last few days, triggered by valuation concerns, geopolitical developments amid nervousness ahead of the July - September 2024 (Q2-FY25) corporate results season.

Samvat 2081: Will Gold, Silver Sparkle?

Samvat 2081: Will Gold, Silver Sparkle?

Rediff.com25 Oct 2024

'Higher interest rates make gold less attractive as it doesn't generate yield.' 'However, with rates set to fall, the tables are turning for gold.'

'China Went Wrong In Its Calculations!'

'China Went Wrong In Its Calculations!'

Rediff.com25 Oct 2024

'China did not expect India to show such strategic resolve in defending its territorial integrity.'

Reliance Has Filed 3,000 Plus Patents

Reliance Has Filed 3,000 Plus Patents

Rediff.com25 Oct 2024

Reliance has filed patents not only in India but also in the US, Canada, Europe, Estonia, South Korea, and South America. The patents include narrowband Internet of Things, AI large language models, AI DeepLearning, Big Data, devices, and quantum AI in 6G.

Broad consensus reached on restoring LAC situation: Rajnath

Broad consensus reached on restoring LAC situation: Rajnath

Rediff.com24 Oct 2024

A broad consensus has been achieved by India and China on restoring the 'ground situation' along the Line of Actual Control (LAC) pursuant to talks, including for patrolling and grazing cattle in the traditional areas, Defence Minister Rajnath Singh said on Thursday.

Day after, this is what China has to say on Modi-Xi meet

Day after, this is what China has to say on Modi-Xi meet

Rediff.com24 Oct 2024

China on Thursday said the meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping in Russia's Kazan on Wednesday carries a "great significance" as they reached an "important common understandings" to improve the bilateral ties.

Stock markets settle lower in lacklustre trade

Stock markets settle lower in lacklustre trade

Rediff.com24 Oct 2024

From the 30 Sensex pack, Hindustan Unilever fell by nearly 6 per cent after the FMCG major reported a 2.33 per cent decline in consolidated net profit at Rs 2,595 crore for the second quarter ended in September 2024 impacted by moderation in demand from the urban market.

India supports dialogue, not war: Modi at BRICS Summit

India supports dialogue, not war: Modi at BRICS Summit

Rediff.com24 Oct 2024

India supports dialogue and diplomacy and not war, Prime Minister Narendra Modi said at the Brazil, Russia, India, China, South Africa (BRICS) Summit in Kazan, Russia on Wednesday, in an unambiguous message calling for resolution of the Russia-Ukraine conflict through peaceful negotiations.

Must find 'right path' to live in harmony: Xi to Modi

Must find 'right path' to live in harmony: Xi to Modi

Rediff.com23 Oct 2024

In his meeting with Prime Minister Narendra Modi on the sidelines of the 16th BRICS Summit in the Russian city of Kazan, Xi said that China-India relations are essentially a question of how the two large developing countries and neighbours, each with a 1.4-billion-strong population, treat each other, it added.

Crude oil may slip to low $60s by 2025-end

Crude oil may slip to low $60s by 2025-end

Rediff.com23 Oct 2024

Crude oil prices could dip to the low $60s by the end of 2025 after rising to $80 a barrel in the last quarter (October-December) of 2024 - up nearly 10 per cent from current levels, suggest analysts at JP Morgan. The main players in West Asia, including Saudi Arabia and the UAE, have a strong incentive to keep the conflict contained, according to the JP Morgan report.

What Modi, Xi told each other during first talks since Ladakh standoff

What Modi, Xi told each other during first talks since Ladakh standoff

Rediff.com23 Oct 2024

In their first structured bilateral talks in nearly five years, Prime Minister Narendra Modi and Chinese President Xi Jinping Wednesday agreed that India and China can have a 'peaceful and stable' relationship by displaying maturity and mutual respect and endorsed the pact on the resolution of the dragging eastern Ladakh border row.

Terrorism common threat, need decisive measures to counter it: BRICS leaders

Terrorism common threat, need decisive measures to counter it: BRICS leaders

Rediff.com23 Oct 2024

In a joint declaration issued after the 16th BRICS Summit in the Russian city of Kazan attended by Prime Minister Narendra Modi and Chinese President Xi Jinping, among others, the leaders reiterated unequivocal condemnation of terrorism in all its forms and manifestations while reaffirming that it should not be associated with any religion, nationality, civilisation or ethnic group.

'Serious questions remain': Cong on India-China truce

'Serious questions remain': Cong on India-China truce

Rediff.com23 Oct 2024

"The Modi government's approach to the entire crisis could be described as DDLJ: Deny, Distract, Lie and Justify," Ramesh said.

O2C drag clogs RIL's flow

O2C drag clogs RIL's flow

Rediff.com23 Oct 2024

Reliance Industries' (RIL's) oil-to-chemicals (O2C) business is likely to remain under pressure for the remaining of the current financial year, according to analysts and company executives. "Management guides for softness for the next couple of quarters in both retail and O2C businesses," analysts at BOB Capital Markets noted in an after-results report on RIL. For the July-September quarter (Q2) of 2024-25 (FY25), RIL's O2C business reported a 5.1 per cent year-on-year increase in revenue to Rs 1.55 trillion.

India ready to...: Modi to Putin on ending Ukraine war

India ready to...: Modi to Putin on ending Ukraine war

Rediff.com23 Oct 2024

Prime Minister Narendra Modi on Tuesday conveyed to Russian President Vladimir Putin that India stands ready to provide all possible cooperation towards ending the Russia-Ukraine conflict and that dialogue and diplomacy is the only way to bring peace to the region.

China confirms, standoff in Ladakh is over

China confirms, standoff in Ladakh is over

Rediff.com23 Oct 2024

China on Tuesday confirmed that it has reached an agreement with India to end the standoff between the two armies in eastern Ladakh.

Trying to restore trust: Army chief on India-China LAC pact

Trying to restore trust: Army chief on India-China LAC pact

Rediff.com23 Oct 2024

India will look at disengagement and de-escalation of the situation along the Line of Actual Control (LAC) in eastern Ladakh after restoration of the status quo of April 2020, Army Chief General Upendra Dwivedi said on Tuesday, a day after New Delhi announced striking an agreement with Beijing to end the over four-year border row in the region.

Modi, Xi to hold meet in Russia day after standoff ends in Ladakh

Modi, Xi to hold meet in Russia day after standoff ends in Ladakh

Rediff.com23 Oct 2024

Prime Minister Narendra Modi and Chinese President Xi Jinping will hold bilateral talks on Wednesday on the margins of the Brazil, Russia, India, China, South Africa (BRICS) summit in Russia, in their first structured meeting since the eastern Ladakh border row erupted in May 2020.

Reserve Bank of India net sold $6.5 billion in August, shows data

Reserve Bank of India net sold $6.5 billion in August, shows data

Rediff.com22 Oct 2024

The Reserve Bank of India (RBI) was a net seller of the US dollar in August, reversing its net buying position from July. During the current financial year up to August, the central bank had sold a net $1.11 billion. The RBI sold a net total of $6.49 billion worth of the foreign currency in August, according to the central bank's monthly bulletin.

India gear up to settle the score against Germany

India gear up to settle the score against Germany

Rediff.com22 Oct 2024

India eye Paris revenge against Germany in Test series as international hockey returns to Delhi

Brics likely to focus on closer energy partnerships among members

Brics likely to focus on closer energy partnerships among members

Rediff.com22 Oct 2024

The 16th Brics Summit beginning Tuesday in Kazan, Russia, is expected to see more focus on creating a sharper energy policy for Brics that ensures closer partnership among members in both energy security and energy transition, official sources said. The same is expected to be a part of the Kazan declaration, currently being negotiated, they added.

FPI selling tops $10 bn in Oct amid China shift

FPI selling tops $10 bn in Oct amid China shift

Rediff.com22 Oct 2024

Foreign portfolio investors (FPIs) have net sold domestic shares worth over $10 billion so far this month amid a shift to China, which not only offers attractive valuations compared to India but has also announced several measures to support the economy and the stock market in recent weeks. If the trend doesn't reverse, this will be the first time that overseas funds will yank out more than $10 billion from Indian equity markets in a month.

'Nifty Pullback Needs To Be Taken In Stride'

'Nifty Pullback Needs To Be Taken In Stride'

Rediff.com22 Oct 2024

'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'

'India-China Ties Will Be Deeply Strained'

'India-China Ties Will Be Deeply Strained'

Rediff.com22 Oct 2024

'Tensions and dialogue are likely to go hand-in-hand with China.' 'The goal should be to cultivate power so that one can negotiate from a position of strength.'

China: 'India Must Not Accept Ceding Of Patrolling Rights'

China: 'India Must Not Accept Ceding Of Patrolling Rights'

Rediff.com22 Oct 2024

'Disengagement is merely the first step in a lengthy process of arriving at a new normal along the LAC in Eastern Ladakh and the entire land boundary.' 'The Indian government should insist on the restoration of the status quo ante in Eastern Ladakh.'

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