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PIX: Germany snap losing run; Spain, Brazil, Argentina win

PIX: Germany snap losing run; Spain, Brazil, Argentina win

Rediff.com13 Sep 2023

Images from the international friendly and Euro qualifying football matches played on Tuesday.

Retail inflation in August down to 6.83% on softening food prices

Retail inflation in August down to 6.83% on softening food prices

Rediff.com12 Sep 2023

Retail inflation declined to 6.83 per cent in August after touching a 15-month high of 7.44 per cent in July, mainly due to softening prices of vegetables, but still remains above the Reserve Bank's comfort zone. The overall inflation in the food basket stood at 9.94 per cent in August as against 11.51 per cent in July, according to data released by the National Statistical Office (NSO) on Tuesday. Retail inflation based on the Consumer Price Index (CPI) was at 7 per cent in August 2022.

40% sitting MPs have criminal cases, 25% serious: ADR

40% sitting MPs have criminal cases, 25% serious: ADR

Rediff.com12 Sep 2023

About 40 per cent of sitting MPs have criminal cases registered against them out of which 25 per cent have declared serious criminal cases under charges of murder, attempt to murder, kidnapping and crimes against women, according to poll rights body Association for Democratic Reforms (ADR).

Rising crude, uncertainty ahead of elections keep analysts wary of OMCs

Rising crude, uncertainty ahead of elections keep analysts wary of OMCs

Rediff.com12 Sep 2023

Notwithstanding the robust turnaround in the financial performance for the June quarter (Q1FY24), stocks of state-run oil marketing companies have been in a downtrend in the last month. The fall comes on a rise in crude oil prices that have surged to a 7-month high of $88 a barrel. A busy political calendar in the months ahead that may see the government keep a lid on auto fuel prices is also a dampener, analysts said. Shares of Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOC) have shed 9-11 per cent since their respective earnings announcement between July 26 to August 4.

Aviation stocks may lose altitude over ATF prices, traffic seasonality

Aviation stocks may lose altitude over ATF prices, traffic seasonality

Rediff.com11 Sep 2023

Rising crude oil prices and muted passenger traffic in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24) have raised concerns about the profitability of listed aviation players. These two concerns have caused the stock of InterGlobe Aviation (IndiGo), the largest player in the sector, to slip by 11 per cent since its highs at the end of July. Nuvama Research expects yields to cool down in the near term due to seasonality, rising crude oil prices, and higher capacity.

Johnson gets 'confidence boost' ahead of Asian Games

Johnson gets 'confidence boost' ahead of Asian Games

Rediff.com10 Sep 2023

Sunday also proved to be a good day for Delhi's star 400m runner Amoj Jacob, whose winning time was 45.92 seconds.

Is New Delhi G20 declaration a climbdown on Russia's Ukraine invasion?

Is New Delhi G20 declaration a climbdown on Russia's Ukraine invasion?

Rediff.com10 Sep 2023

The New Delhi G20 Declaration refers only to the "war in Ukraine" and noted with "deep concern the immense human suffering and the adverse impact of wars and conflicts around the world."

Asia Cup PIX: Sri Lanka crush Bangladesh's hopes in Super 4 clash

Asia Cup PIX: Sri Lanka crush Bangladesh's hopes in Super 4 clash

Rediff.com9 Sep 2023

IMAGES from Asia Cup Super 4 match played between Sri Lanka and Bangladesh in Colombo on Saturday.

Huge win for India as G20 adopts New Delhi declaration

Huge win for India as G20 adopts New Delhi declaration

Rediff.com9 Sep 2023

"Have just got the good news that due to the hard work of our teams and your cooperation, a consensus has been reached on New Delhi G20 Leaders Summit Declaration," Modi said while addressing the second session of the Summit at the Bharat Mandapam in New Delhi.

Investment growth comes up short despite govt's capex push

Investment growth comes up short despite govt's capex push

Rediff.com8 Sep 2023

Investment growth moderated slightly in the economy during the first quarter (Q1) of the current financial year (2023-24, or FY24), notwithstanding the front-loading of capital expenditure (capex) by the Centre. This was also the case despite a pick-up in demand during the period after two dismal consecutive quarters. Although growth in gross fixed capital formation (GFCF), representing investment, fell to a five-quarter low of 7.96 per cent, the comparison with the first two quarters of the previous year is a bit askew due to the low year-on-year (Y-o-Y) base of those periods.

90 UNFORGETTABLE Asha Bhosle Songs

90 UNFORGETTABLE Asha Bhosle Songs

Rediff.com8 Sep 2023

Much, much, much before Rocky Aur Rani Kii Prem Kahaani fussed over What Jhumka, Asha Bhosle trilled in her alluring voice and teased us with tantalising details about the events leading to her precious Jhumka's loss. Sukanya Verma celebrates the singing legend who turns 90 on September 8.

Rupee falls 9 paise to settle at all-time low of 83.13/USD

Rupee falls 9 paise to settle at all-time low of 83.13/USD

Rediff.com6 Sep 2023

The rupee depreciated by 9 paise and settled at its all-time low level of 83.13 against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency. Forex traders said the Indian rupee depreciated as the US dollar rose to the highest levels in six months. Moreover, elevated crude oil prices also weighed on rupee.

At 7 million, India saw highest mobile subscriber addition in Q2: Ericsson

At 7 million, India saw highest mobile subscriber addition in Q2: Ericsson

Rediff.com6 Sep 2023

With seven million new subscribers, India accounted for the highest net addition of mobile subscriptions globally in the second quarter of 2023, according to the August edition of Ericsson Mobility. Among national markets, India was followed by China with five million and the US with three million subscribers. The subscriber penetration in India, however, stood at 79 per cent, compared to 120 per cent in China, the report said.

4 out of 6 states record high voter turnout in bypolls, laggards are...

4 out of 6 states record high voter turnout in bypolls, laggards are...

Rediff.com5 Sep 2023

High voter turnout was recorded in most of the seven assembly constituencies in six states where by-elections were held on Tuesday.

RBI may introduce CBDC in call money market soon

RBI may introduce CBDC in call money market soon

Rediff.com5 Sep 2023

The Reserve Bank is planning to extend wholesale Central Bank Digital Currency (CBDC) for transactions for interbank borrowing or call money market, sources said on Tuesday. The pilot in the wholesale segment, known as the Digital Rupee -Wholesale (e-W), was launched on November 1, 2022, with the use case being limited to the settlement of secondary market transactions in government securities. "RBI is now planning to go into the interbank borrowing market.

New Zealand stun England to keep T20 series alive

New Zealand stun England to keep T20 series alive

Rediff.com4 Sep 2023

New Zealand steam roll England in third T20I

PIX: Bangladesh crush Afghanistan to keep Asia Cup hopes alive

PIX: Bangladesh crush Afghanistan to keep Asia Cup hopes alive

Rediff.com3 Sep 2023

IMAGES from the Asia Cup match between Bangladesh and Afghanistan played in Lahore on Sunday

GST revenues grow 11% to about Rs 1.6 lakh crore in August

GST revenues grow 11% to about Rs 1.6 lakh crore in August

Rediff.com1 Sep 2023

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.

Simultaneous polls will have short-term cost, long-term gain

Simultaneous polls will have short-term cost, long-term gain

Rediff.com1 Sep 2023

Holding simultaneous elections to Lok Sabha and state assemblies would need at least five constitutional amendments and a large number of additional EVMs and paper-trail machines costing "thousands of crores of rupees", but will yield a huge long-term saving to the public exchequer, officials said on Friday.

From hatchbacks to holidays, consumers ready to loosen purse strings

From hatchbacks to holidays, consumers ready to loosen purse strings

Rediff.com1 Sep 2023

With Onam and Raksha Bandhan just around the corner, the festival season is ready to kick off in full swing. As people embrace the celebratory spirit, companies anticipate a surge in sales this year. Consumer durables firms are expecting strong growth of 40-50 per cent in the premium segment during the upcoming season. Appliance makers also foresee increased demand for cooling appliances - refrigerators and air conditioners - which were impacted by unseasonal rainfall.

India at US Open: Yuki, Saketh knocked out; Bopanna marches on

India at US Open: Yuki, Saketh knocked out; Bopanna marches on

Rediff.com1 Sep 2023

In his mixed doubles, Rohan Bopanna and Indonesian Aldila Sutjiad beat German pair Andreas Mies and Vera Zvonareva 7-5, 6-2 in US Open first round match on Thursday.

Key infra sector growth rises to 8% in July

Key infra sector growth rises to 8% in July

Rediff.com31 Aug 2023

Growth of eight key infrastructure sectors rose to 8 per cent in July 2023 compared to 4.8 per cent in the same month last year on expansion in production of coal, crude oil, and natural gas, according to the official data released on Thursday. Production of steel, cement and electricity also grew in July, the data showed.

How young Indian chess stars are carrying Anand's legacy

How young Indian chess stars are carrying Anand's legacy

Rediff.com30 Aug 2023

Humpy excited about young Indian chess brigade, says 'can be worthy successor to Anand'

Sensex, Nifty retreat from early highs to end flat

Sensex, Nifty retreat from early highs to end flat

Rediff.com30 Aug 2023

Among the main gainers were Jio Financial Services which jumped 4.99 per cent, Tata Steel (2.09 per cent), Maruti Suzuki (1.87 per cent), M&M (1.31 per cent) and Infosys (1.19 per cent).

Not So Near, Yet Not So Far From BJP

Not So Near, Yet Not So Far From BJP

Rediff.com30 Aug 2023

Call it the art of staying rooted yet bending with prevailing political winds. With Telangana going to the polls in December, and assembly and Lok Sabha elections in Andhra and Odisha scheduled next year, what factors have influenced parties' recent moves?

MPLADS Fund: 14 Assam MPs Get Highest Share

MPLADS Fund: 14 Assam MPs Get Highest Share

Rediff.com28 Aug 2023

'The pace of disbursement and project recommendation picks up as the tenure of the House draws near and usually all amount is released.'

Rupee expected to weaken more to touch $83.5, may improve in Sep

Rupee expected to weaken more to touch $83.5, may improve in Sep

Rediff.com28 Aug 2023

The Indian rupee, which has depreciated 1.1 per cent so far in August, is expected to decline further on the back of a strengthening US dollar and a weakening Chinese yuan, according to a Business Standard poll of analysts. The Indian rupee hit an all-time low recently, closing at 83.15 per dollar. Five of the 10 respondents said the Indian currency might touch 83.5 per dollar in August itself, while others said the worst could be over.

UP Gets 20% Of Domestic Tourists

UP Gets 20% Of Domestic Tourists

Rediff.com28 Aug 2023

With the surge in tourist footfalls to Varanasi in 2022, it almost rivals the arrivals in Agra and puts it way ahead of Prayagraj and Ayodhya.

World Athletics: Neeraj Chopra wins GOLD!

World Athletics: Neeraj Chopra wins GOLD!

Rediff.com28 Aug 2023

Neeraj Chopra lived upto his favourite billing as the star Indian athlete clinched gold in the men's javelin throw at the ongoing World Athletics Championships 2023 in Budapest, Hungary on Sunday.

'Chess is a nation-building game'

'Chess is a nation-building game'

Rediff.com27 Aug 2023

All India Chess Federation (AICF) president Sanjay Kapoor said the federation is also working on organising an Indian Chess League.

World Athletics PIX: Duplantis vaults to pole position; Kipyegon triumphs

World Athletics PIX: Duplantis vaults to pole position; Kipyegon triumphs

Rediff.com27 Aug 2023

Images from the World Athletics Championships in Budapest on Saturday.

EPL PIX: Fernandes inspires United comeback victory

EPL PIX: Fernandes inspires United comeback victory

Rediff.com27 Aug 2023

IMAGES from the English Premier League matches played on Saturday.

Chopra primed to win World C'ships gold, Pakistan's Nadeem also in reckoning

Chopra primed to win World C'ships gold, Pakistan's Nadeem also in reckoning

Rediff.com27 Aug 2023

Neeraj has won gold medals in Olympics (Tokyo in 2021), Asian Games (2018) and Commonwealth Games (2018), besides becoming the Diamond League champion last year.

Financial, IT stocks drag Sensex down by 366 points

Financial, IT stocks drag Sensex down by 366 points

Rediff.com25 Aug 2023

From the Sensex pack, Larsen & Toubro, JSW Steel, IndusInd Bank, Power Grid, ITC, Mahindra & Mahindra, NTPC, HDFC Bank, ITC, Reliance Industries and Tata Motors were among the major laggards. Bajaj Finserv, Asian Paints Bajaj Finance, Bharti Airtel and Axis Bank were among the gainers.

World Athletics: Neeraj Chopra qualifies for javelin throw final

World Athletics: Neeraj Chopra qualifies for javelin throw final

Rediff.com25 Aug 2023

DP Manu and Kishore Jena are the other two javelin throwers who will be in action on Friday.

Analysts cautious on new-age stocks on expensive valuations

Analysts cautious on new-age stocks on expensive valuations

Rediff.com25 Aug 2023

Stocks of new-age companies have seen a mixed performance thus far in calendar year 2023 (CY23). While those of One97 Communications (parent company of Paytm), PB Fintech and Zomato have surged up to 63 per cent year-to-date (YTD), FSN e-commerce, the parent company of Nykaa, however, has dropped 14 per cent YTD. By comparison, Nifty50 and Nifty 500 indices have advanced 7 per cent and 8.7 per cent, respectively, during the period, ACE Equity data show.

RIL, HDFC Bank drag Sensex down by 180 points

RIL, HDFC Bank drag Sensex down by 180 points

Rediff.com24 Aug 2023

From the Sensex pack, Jio Financial Services fell the most by 4.99 per cent. Reliance Industries, Power Grid, Larsen & Toubro, JSW Steel, HCL Technologies, NTPC, Tata Steel, Wipro, Tata Consultancy Services and HDFC Bank also declined. IndusInd Bank, Infosys, UltraTech Cement, ICICI Bank, Nestle and Axis Bank were among the gainers.

Buying in banking counters lift markets

Buying in banking counters lift markets

Rediff.com23 Aug 2023

From the Sensex pack, ICICI Bank, State Bank of India, Larsen & Toubro, Maruti, Tata Steel, Kotak Mahindra Bank, Bajaj Finance, Nestle, Power Grid and HDFC Bank were the major gainers. Jio Financial Services, Bharti Airtel, Tata Motors, Tech Mahindra, ITC, UltraTech Cement and Mahindra & Mahindra were among the laggards.

After disappointing results in Q1FY24, valuation support for LIC stock

After disappointing results in Q1FY24, valuation support for LIC stock

Rediff.com23 Aug 2023

Life Insurance Corporation of India (LIC) declared disappointing results in Q1FY24. While it reported a net profit of Rs 9,540 crore in Q1FY24, this was attributable to the transfer of Rs 7,490 crore from non-participating (non-par) products to shareholders' accounts due to the accretion on available solvency margin. In operational terms, annualised premium equivalent (APE) declined and value of new business (VNB) margin was flat. But the medium-term prospects may be better.

GDP growth to be higher than RBI's estimate of 8% for Q1: Economists

GDP growth to be higher than RBI's estimate of 8% for Q1: Economists

Rediff.com22 Aug 2023

The country's real GDP growth in the first quarter will be better than the Reserve Bank's estimate of 8 per cent, economists said on Tuesday. Economists at the country's largest lender SBI pegged the growth at 8.3 per cent while domestic rating agency Icra estimated it to come even higher at 8.5 per cent. The Reserve Bank of India (RBI), which expects the GDP to grow at 6.5 per cent in FY24, has estimated a growth of 8 per cent in the April-June period.

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