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Strong FPI flows, buoyant retail sentiment to keep bulls snorting

Strong FPI flows, buoyant retail sentiment to keep bulls snorting

Rediff.com3 Jul 2023

Indices across Indian equity markets have edged towards new record highs before undergoing a small correction in the past few sessions. The National Stock Exchange Nifty has gained 20 per cent in the past year; mid-caps (up 33 per cent), small-caps (up 31 per cent), and micro-caps (up 44 per cent) have done better. Several factors have precipitated this rally.

By 2025 Indian Trucks Will Have AC Cabin

By 2025 Indian Trucks Will Have AC Cabin

Rediff.com3 Jul 2023

'Instead of ACs, the government should do something to increase our salary.'

MP HC asks Centre to reduce women's consent age to 16

MP HC asks Centre to reduce women's consent age to 16

Rediff.com1 Jul 2023

The court said boys and girls get attracted to each other owing to early puberty, which is ultimately "resulting in consensual physical relationships", read the order.

Centre remains on high-alert for new Covid variants

Centre remains on high-alert for new Covid variants

Rediff.com20 Jun 2023

COVID-19 is on the verge of becoming endemic but Indian scientists are keeping a close watch on each new variant and the government would continue to maintain a high alert, Union health minister Mansukh Mandaviya has said, underlining that the virus has managed to survive and is going to stay.

As heatwave continues, death toll in UP's Ballia rises to 68

As heatwave continues, death toll in UP's Ballia rises to 68

Rediff.com19 Jun 2023

Eleven more patients admitted at Uttar Pradesh's Ballia district hospital have died due to various ailments on Monday, taking the death toll to 68 in five days, officials said.

2 Reviews In 1 Ball! Ashwin's Doosra!

2 Reviews In 1 Ball! Ashwin's Doosra!

Rediff.com15 Jun 2023

Ashwin's unconventional decision-making takes centre stage in the TNPL.

India tops airfare spike in APAC, West Asia

India tops airfare spike in APAC, West Asia

Rediff.com13 Jun 2023

India witnessed the highest increase in airfares among the 10 top aviation markets in the Asia-Pacific and West Asia collectively across both domestic and international flights Q4 2019 and Q4 2022 in nominal terms, according to research by Hong Kong-based Airports Council International (ACI). India, where fares went up by 41 per cent, was followed by the UAE (34 per cent), Singapore (30 (per cent) and Australia (23 per cent). The study, which was undertaken in collaboration with Flare Aviation Consulting, examined around 36,000 routes in the top 10 aviation markets in Asia-Pacific and West Asia.

Polls 2024: Importance Of Allies For BJP, Congress

Polls 2024: Importance Of Allies For BJP, Congress

Rediff.com9 Jun 2023

Both the BJP and Congress understand that coalitions and alliances are not just about numbers, but have symbolic value.

Recipe: Anita's Chicken Porcupine

Recipe: Anita's Chicken Porcupine

Rediff.com5 Jun 2023

Would you take up a food challenge to make chicken momos with healthy ingredients?

Go First crisis pushes airfares higher, staff face uncertain times

Go First crisis pushes airfares higher, staff face uncertain times

Rediff.com2 Jun 2023

From a surge in airfares to rattled aircraft lessors to thousands of employees staring at uncertainty, it has been a month of continued turbulence since cash-strapped Go First suspended flights from May 3. As the government and other stakeholders hope that Go First restarts operations at the earliest, plans are being worked out for the budget airline's revival. A section of Go First staff are optimistic about restarting of operations, another section are pessimistic about the airline's future course considering what had happened to erstwhile Kingfisher Airlines and Jet Airways, according to employees who spoke to PTI.

Is It Time To Invest In Silver?

Is It Time To Invest In Silver?

Rediff.com17 May 2023

The rally in silver may continue if the global economic recovery remains on course.

Drug sales stuck at pre-pandemic level, price rise shapes market growth

Drug sales stuck at pre-pandemic level, price rise shapes market growth

Rediff.com16 May 2023

Drug sale volumes are almost stuck at pre-pandemic levels but price growth has improved value, data from market research agency Pharmarack AWACS showed. The Indian pharmaceutical market's (IPM) volumes in April 2023 grew by 0.21 per cent when compared to April 2019. Key therapy areas like cardiac, anti-diabetic and vitamins recorded negative volume or consumption growth, while respiratory, anti-infectives, and pain and analgesics had positive growth from April 2019 to April this year.

'Don't Stop Your SIPs!'

'Don't Stop Your SIPs!'

Rediff.com12 May 2023

'Starting an SIP now and continuing with it is likely to translate into high returns over the long term.'

Q4 results: Private sector banks post 9.7% decline in net profit

Q4 results: Private sector banks post 9.7% decline in net profit

Rediff.com10 May 2023

Private sector banks reported a robust profile with healthy growth in net interest income (NII), credit offtake and reduction in provision burden for the fourth quarter ended March 2023 (Q4 of FY23). However, as a pack, their net profit declined by 9.7 per cent year-on-year (YoY) at Rs 25,317 crore in Q4. This is because Axis Bank posted losses due to its one-time hefty charge for the acquisition of Citibank India's consumer business.

Suicides Highlight HR Ailment At Public Sector Banks

Suicides Highlight HR Ailment At Public Sector Banks

Rediff.com5 May 2023

It may sound bizarre, but incidents of public sector bankers dying by suicide could probably equal the number of such bankers quitting their jobs, reveals Tamal Bandyopadhyay.

Downside risks weigh on growth forecast: FinMin

Downside risks weigh on growth forecast: FinMin

Rediff.com26 Apr 2023

India's economy continues to be robust, but downside risks such as rising crude oil prices, adverse weather conditions, and the global banking crisis outweigh the upside potential in gross domestic product (GDP) growth in the current financial year (FY24), the finance ministry said on Tuesday in its Monthly Economic Review for March. "We reiterate that downside risks to our official forecast of 6.5 per cent for real GDP growth in FY24 dominate upside risks," the review said. "Opec's surprise production cut has seen oil prices rise in April, off their lows of low-seventies per barrel in March.

After strong run, retail demand feels the fatigue

After strong run, retail demand feels the fatigue

Rediff.com25 Apr 2023

The retail industry witnessed robust top-line growth for the greater part of the previous financial year, but demand has started to show signs of fatigue seen in the January-March quarter (fourth quarter, or Q4) of 2022-23 (FY23), especially in the apparel and innerwear segments. Jewellery, however, has managed to hold on to demand in the quarter. "In the discretionary space, demand moderation in urban markets is expected to impact the quick-service restaurant and apparel categories the most, while paint, luggage, and jewellery should see resilient growth," Systematic Institutional Equities observed in its preview of the sector.

Mutual fund inflows, equity market performance witness decoupling

Mutual fund inflows, equity market performance witness decoupling

Rediff.com25 Apr 2023

For the first time in a decade, inflows into equity mutual funds (MFs) decoupled from the past performance of the equity market, as investors continued to pour money into the market unperturbed by lacklustre returns.

Won't waste time in replying to mischievous remarks: India slams Pak at UN

Won't waste time in replying to mischievous remarks: India slams Pak at UN

Rediff.com25 Apr 2023

Kamboj's stern response to Pakistan came in her remarks at the UN Security Council open debate on "Maintenance of international peace and security: Effective multilateralism through the defence of the principles of the Charter of the United Nations" chaired by Russia, President of the Council for the month of April.

Covid spike: 42 deaths, 12,193 new cases reported

Covid spike: 42 deaths, 12,193 new cases reported

Rediff.com22 Apr 2023

The death toll due to the viral disease has climbed to 5,31,300 with 42 more fatalities, including 10 reconciled by Kerala, according to the ministry's data updated at 8 am.

Tiger Global-backed Koo lays off 30% of its workforce in a year

Tiger Global-backed Koo lays off 30% of its workforce in a year

Rediff.com21 Apr 2023

Tiger Global-backed Koo, an Indian alternative to Twitter, has laid off 30 per cent of its workforce of 260 employees in the last year as the budding firm, like many other start-ups in the country, battles global headwinds. "It's important for businesses of all sizes to adopt efficient and conservative approaches to see this period through. "In line with this, we have acted on some role redundancies by letting go of 30 per cent of our workforce over the course of the year," said a Koo spokesperson.

War against inflation has not yet been won: RBI

War against inflation has not yet been won: RBI

Rediff.com20 Apr 2023

The RBI's Monetary Policy Committee brainstormed the impact of any future shocks on the inflation trajectory and stressed monitoring the cumulative effect of monetary policy actions over the past one year, which is still unfolding, revealed minutes of the rate-setting panel released on Thursday. The minutes of the meeting of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Shaktikanta Das, also indicated it would be premature to declare an end to the monetary tightening cycle, which started in May 2022 to check high inflation following the outbreak of the Russia-Ukraine war. The central bank, which effected six back-to-back hikes in the key short-term lending rate (repo) since May 2022 to check high inflation, decided to take a pause early this month.

Time To Ladder Up Your FD Deposits

Time To Ladder Up Your FD Deposits

Rediff.com18 Apr 2023

'Banks will continue to increase FD rates to attract more deposits and meet the increasing demand for credit.'

Covid spike: 27 deaths reported from 11 states

Covid spike: 27 deaths reported from 11 states

Rediff.com17 Apr 2023

India has recorded 9,111 new coronavirus infections, while active cases have increased to 60,313, according to the Union health ministry data updated on Monday.

Covid spike: 23 deaths reported from 10 states

Covid spike: 23 deaths reported from 10 states

Rediff.com16 Apr 2023

While five deaths were reported from Delhi, three each were from Chhattisgarh and Rajasthan, two each from Karnataka and Maharashtra, one each from Haryana, Odisha, Tamil Nadu and Uttarakhand and four reconciled by Kerala, the data updated at 8 am stated.

IPL PHOTOS: RCB thrash Delhi by 23 runs in one-sided contest

IPL PHOTOS: RCB thrash Delhi by 23 runs in one-sided contest

Rediff.com15 Apr 2023

PHOTOS of the IPL 2023 match between Royal Challengers Bangalore vs Delhi Capitals played at the M Chinnaswamy Stadium in Bengaluru on Saturday.

March's Employment Figures Disappointing

March's Employment Figures Disappointing

Rediff.com14 Apr 2023

The fall in the employment rate translated into a 2.6 million fall in absolute employment between December 2022 and March 2023. Most of this fall was in March 2023.

Amid Covid surge, the reality: Fewer vaccination centres

Amid Covid surge, the reality: Fewer vaccination centres

Rediff.com10 Apr 2023

Serum Institute of India (SII) and Bharat Biotech have also stopped producing the Covishield and Covaxin vaccines respectively.

Two-day Covid readiness drill in hospitals from Monday amid spike in cases

Two-day Covid readiness drill in hospitals from Monday amid spike in cases

Rediff.com9 Apr 2023

Union Health Minister Mansukh Mandaviya will visit AIIMS, Jhajjar on April 10 to oversee the mock drill, officials said on Sunday.

Mandaviya asks states to stay alert amid Covid spike

Mandaviya asks states to stay alert amid Covid spike

Rediff.com7 Apr 2023

The Centre and the states need to continue working in collaborative spirit as was done during the previous surges for COVID-19 prevention and management, Mandaviya said.

Surge in Covid cases indicates endemicity: Experts

Surge in Covid cases indicates endemicity: Experts

Rediff.com7 Apr 2023

'These number surges will be the outcome of emerging virus variants, loss of vaccine- or infection-acquired protective immunity in people, and environmental factors'

2-wheeler EV sales up 58%, PV 130% in March: Fada

2-wheeler EV sales up 58%, PV 130% in March: Fada

Rediff.com7 Apr 2023

The country saw a massive year-on-year surge in the demand for electric vehicles, with retail sales of electric two-wheelers rising by 58 per cent, passenger vehicles by 130 per cent, three-wheelers by 82 per cent, and commercial vehicles by 171 per cent in March 2023, according to the data shared by the Federation of Automobile Dealers Associations (Fada). According to a report by JMK Research, the EV segment as a whole grew by 157 per cent during FY23, to 1,180,597 units, from 458,746 units a year ago. Overall, EV sales in March 2023 rose by 82 per cent from the March 2022 figure, the JMK report added.

Surprise oil output cut by OPEC+ to delay price revision in India

Surprise oil output cut by OPEC+ to delay price revision in India

Rediff.com3 Apr 2023

The surprise decision of OPEC and its allies, including Russia, to cut oil output may cause an immediate rise in prices, delaying revision in fuel prices in India, industry sources said. The grouping of Organisation of Petroleum Exporting Countries (OPEC) and its allies, called OPEC+, on Sunday decided to further cut oil output by around 1.16 million barrels. The move led to Brent rising by almost 6 per cent to $84.58 per barrel on Monday.

Sensex gains 115 points helped by buying in auto, banking stocks

Sensex gains 115 points helped by buying in auto, banking stocks

Rediff.com3 Apr 2023

Benchmark indices Sensex and Nifty settled with gains for the third straight session on Monday, helped by buying in auto, banking and capital goods shares despite a spike in crude oil prices. The 30-share BSE Sensex rose 114.92 points or 0.19 per cent to close at 59,106.44 points with 22 of its components ending in the green and eight closing lower. It moved in a range of 58,793.08 points to 59,204.82 points during intra-day trade.

India logs 6-month high of 3824 Covid cases, 5 deaths

India logs 6-month high of 3824 Covid cases, 5 deaths

Rediff.com2 Apr 2023

With the fresh infections, India's COVID-19 tally rose to 4.47 crore (4,47,22,605). The death toll climbed to 5,30,881 with five deaths, the data updated at 8 am stated.

After record sales in FY23, auto companies expect demand to mute

After record sales in FY23, auto companies expect demand to mute

Rediff.com1 Apr 2023

'In FY23, PV sales are expected to end the year at a record 3.8 million units, up 26 per cent. In FY24, however, the industry is expecting 5-7 per cent volume growth'

Will a fresh wave of Covid-19 hit India?

Will a fresh wave of Covid-19 hit India?

Rediff.com31 Mar 2023

According to Rajeev Jayadevan, co-chairman, national Indian Medical Association Covid Task Force, the current scenario qualifies as a wave.

Should you buy stocks of Page Industries?

Should you buy stocks of Page Industries?

Rediff.com31 Mar 2023

Since its October high last year, the stock of innerwear major Page Industries has been on a downtrend, shedding a little over 30 per cent of its market value. Higher competitive intensity, muted volumes, pressure on margins, and rich valuations have led to downgrades for the stock. The October-December quarter (third quarter, or Q3) performance was lower than the Street's expectations - both on volumes/sales and margins.

Why Mumbaikars Are Wheezing And Coughing

Why Mumbaikars Are Wheezing And Coughing

Rediff.com29 Mar 2023

La Nina, construction worsen air quality; spike in respiratory ailments.

Why Are Milk Prices So High?

Why Are Milk Prices So High?

Rediff.com29 Mar 2023

It would not be surprising if India, the world's largest producer of milk, has to resort to imports to meet the elevated summer demand, states Surinder Sud.

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