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Sensex surges 629 points; RIL jumps 2.79%

Sensex surges 629 points; RIL jumps 2.79%

Rediff.com26 May 2023

Sun Pharma, Hindustan Unilever, HCL Technologies, Wipro, Tech Mahindra, UltraTech Cement, Tata Steel and Titan were among the other major gainers. Bharti Airtel, Power Grid and NTPC were the laggards.

Tina Turner: The Legend In Pictures

Tina Turner: The Legend In Pictures

Rediff.com25 May 2023

Known as the Queen of Rock 'n' Roll for her blistering performances and powerfully gritty vocals, Tina Turner died on May 24 after a long illness. She was 83.

Shubman Gill And Rashid Khan In Race For MVP

Shubman Gill And Rashid Khan In Race For MVP

Rediff.com22 May 2023

Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of IPL 2023 after the league stage.

PIX: Green's century powers MI to IPL play-offs

PIX: Green's century powers MI to IPL play-offs

Rediff.com22 May 2023

Cameron Green's magnificent maiden hundred and Rohit Sharma's half century powered Mumbai Indians to a comprehensive eight-wicket victory over Sunrisers Hyderabad.

Weeks after Rajasthan crash, IAF grounds MiG-21 squadrons

Weeks after Rajasthan crash, IAF grounds MiG-21 squadrons

Rediff.com20 May 2023

At present, the IAF has three MiG-21 squadrons with a total of around 50 aircraft, according to officials.

First act, then think: Oppn has field day over 2000 note ban

First act, then think: Oppn has field day over 2000 note ban

Rediff.com20 May 2023

Image used for representational purpose only. Photograph: Jayanta Dey/Reuters The Congress also said demonetisation has come a full circle and added that the Rs 2,000 note was a "band-aid to cover up the foolish decision of demonetising" Rs 500 and Rs 1,000 notes.

Larsen & Toubro's rich valuations leave little room for disappointment

Larsen & Toubro's rich valuations leave little room for disappointment

Rediff.com19 May 2023

Larsen & Toubro (L&T) disappointed the Street with its results for the January-March quarter of the 2022-23 financial year (Q4FY23) due to weaker core engineering & construction (E&C) segment performance by the engineering giant.' Although core E&C order inflows for FY23 rose 19 per cent year-on-year (YoY), with orders from railways, metals and water sectors, margins in the infrastructure segment crashed to all-time low. Revenue at Rs 58,300 crore was up 10 per cent YoY but somewhat below expectations.

ITC Q4 net profit rises 22% to Rs 5,225 cr

ITC Q4 net profit rises 22% to Rs 5,225 cr

Rediff.com18 May 2023

Diversified entity ITC Ltd on Thursday reported a 22.66 per cent rise in consolidated net profit at Rs 5,225.02 crore in the fourth quarter ended March 2023, led by a strong growth momentum across operating segments. The company had posted a net profit of Rs 4,259.68 crore a year ago, ITC Ltd said in a regulatory filing. Its revenue from operations increased 7 per cent to Rs 18,799.18 crore in the period under review against Rs 17,754.02 crore in the year-ago period.

SBI's Q4 net zooms 83% to Rs 16,694 cr

SBI's Q4 net zooms 83% to Rs 16,694 cr

Rediff.com18 May 2023

The country's largest bank SBI on Thursday reported an 83 per cent jump in net profit at Rs 16,694.51 crore for the fourth quarter of 2022-23 fiscal on higher interest income and low provisioning. In the January-March quarter of 2021-22 financial year, State Bank of India's net profit on standalone basis was Rs 9,113.53 crore. During the March quarter of 2022-23 fiscal, the bank's interest income rose 31 per cent to Rs 92,951 crore, SBI said in a regulatory filing.

Sensex ends down 129 points to settle at 61,432

Sensex ends down 129 points to settle at 61,432

Rediff.com18 May 2023

Among the Sensex firms, ITC, SBI, Titan, Power Grid, Larsen & Toubro, Tata Motors, Hindustan Unilever and UltraTech Cement were the major laggards.

Sensex ends down 372 points; IT counters drag

Sensex ends down 372 points; IT counters drag

Rediff.com17 May 2023

Among the Sensex firms, Kotak Mahindra Bank, Asian Paints, Tata Consultancy Services, HCL Technologies, Infosys, Tata Steel, Wipro, Bajaj Finance, Tata Motors, Titan and Bajaj Finserv were the major laggards. In contrast, IndusInd Bank, ITC, Bharti Airtel, Maruti, UltraTech Cement, Mahindra & Mahindra and State Bank of India were the gainers.

Bharti Airtel net profit soars 49.2% to Rs 3,006 cr in Q4

Bharti Airtel net profit soars 49.2% to Rs 3,006 cr in Q4

Rediff.com16 May 2023

Telecom operator Bharti Airtel on Tuesday posted a 49.2 per cent jump in its consolidated net profit to Rs 3,005.6 crore for the January-March quarter of 2022-23 on the back of new 4G customers and strong growth in average revenue per user (ARPU). The company had recorded a net profit of Rs 2,007.8 crore in the same period a year ago. Bharti Airtel's consolidated revenue from operations grew by 14.31 per cent to Rs 36,009 crore during the reported quarter from Rs 31,500.3 crore in the March 2022 quarter.

Monsoon onset over Kerala to be delayed

Monsoon onset over Kerala to be delayed

Rediff.com16 May 2023

The onset of the southwest monsoon is being keenly watched this year as it may provide an early sign regarding its progress over the Indian subcontinent, particularly when El Nio is expected to rear its head during the latter half of the season.

Kerala Story: Adah Sharma Enters The Big League

Kerala Story: Adah Sharma Enters The Big League

Rediff.com15 May 2023

Joginder Tuteja lists the highest-grossing female-centric films.

How Prabhsimran is making opportunities count at PBKS

How Prabhsimran is making opportunities count at PBKS

Rediff.com14 May 2023

Thanking the team management for the opportunities given to him, Punjab Kings batter Prabhsimran Singh said he intended to take Saturday's IPL match against Delhi Capitals deeper after the loss of three wickets in the powerplay.

Only one exit poll got it right on Karnataka

Only one exit poll got it right on Karnataka

Rediff.com13 May 2023

In its exit poll released after the voting on May 10, India Today-Axis My India predicted a clear majority for the Congress with 122-140 seats and gave the BJP 62-80 seats. It gave 20-25 seats to the JD-S.

BJP adds third engine in UP, sweeps all 17 mayoral polls

BJP adds third engine in UP, sweeps all 17 mayoral polls

Rediff.com13 May 2023

The ruling Bharatiya Janata Party won the mayoral elections in 10 of the 17 municipal corporations in Uttar Pradesh, results for which were announced on Saturday, virtually adding a third engine to its "double-engine" government.

UP civic polls: Stage set for counting of votes at 353 centres on Saturday

UP civic polls: Stage set for counting of votes at 353 centres on Saturday

Rediff.com12 May 2023

Officials said most of the preparations are complete and the counting will start at 8 am on Saturday.

Karnataka polls see record 73.19% voter turnout

Karnataka polls see record 73.19% voter turnout

Rediff.com12 May 2023

Several pollsters have predicted that the Congress may have an edge in Karnataka, which is BJP's southern citadel, in a hung assembly with a couple of them even projecting that the grand old party may get a majority on its own.

Unbeaten on the road, mighty Titans pose tough challenge for hosts MI

Unbeaten on the road, mighty Titans pose tough challenge for hosts MI

Rediff.com11 May 2023

Former champions Mumbai Indians will have their task cut out when they host Gujarat Titans, who remain unbeaten on the road.

K'taka exit polls give edge to Cong; but BJP not too far

K'taka exit polls give edge to Cong; but BJP not too far

Rediff.com10 May 2023

The state is mainly witnessing a three-cornered contest between the ruling BJP, the Congress and former prime minister H D Deve Gowda's Janata Dal (Secular).

'No shell company in Mauritius; Hindenburg allegations false, baseless'

'No shell company in Mauritius; Hindenburg allegations false, baseless'

Rediff.com10 May 2023

In a boost to the embattled Adani Group, Mauritian Financial Services Minister Mahen Kumar Seeruttun has told the nation's Parliament that Hindenburg Research's allegations of the presence of 'shell' companies in the Island nation are 'false and baseless' and that Mauritius was in compliance with OECD-mandated tax rules. US short seller Hindenburg on January 24 alleged that billionaire Gautam Adani used shell companies based in Mauritius to manipulate stock prices of his Indian-listed companies.

Akasa Air's occupancy soars at fastest pace among peers in April

Akasa Air's occupancy soars at fastest pace among peers in April

Rediff.com10 May 2023

Akasa Air's plane occupancy, or load factor, improved the most among all major carriers in April compared to the last month. Load factor signifies the percentage of seats that the airline has been able to fill in its planes. The Vinay Dube-led carrier, which started commercial flights in August last year, saw its load factor jump by more than 11 per cent in April, according to the Ministry of Civil Aviation's data

Gavaskar applauds SKY's gully cricket-style heroics

Gavaskar applauds SKY's gully cricket-style heroics

Rediff.com10 May 2023

SKY looked like playing gully cricket when he was toying with RCB bowlers, says Sunil Gavaskar

SKY's fireworks take MI to IPL playoff contention

SKY's fireworks take MI to IPL playoff contention

Rediff.com10 May 2023

Suryakumar belted 83 off 35 balls to help Mumbai chase down a 200-run target

How Can SKY Score 83 In Just 35 Balls?

How Can SKY Score 83 In Just 35 Balls?

Rediff.com10 May 2023

Striking at a dazzling 237.14 strike rate, laced with seven boundaries and six sixes.

Taking risks pays off in IPL, says Rohit Sharma

Taking risks pays off in IPL, says Rohit Sharma

Rediff.com10 May 2023

Mumbai Indians skipper Rohit Sharma feels most teams, including his own, are taking risks in the ongoing IPL and it is paying them rich dividends.

PHOTOS: Suryakumar stars in Mumbai's win over RCB

PHOTOS: Suryakumar stars in Mumbai's win over RCB

Rediff.com10 May 2023

IMAGES from the IPL 2023 match played between Royal Challengers Bangalore vs Mumbai Indians at the Wankhede Stadium in Mumbai on Tuesday

Fitch affirms India's sovereign rating on robust growth outlook, flags weak finances

Fitch affirms India's sovereign rating on robust growth outlook, flags weak finances

Rediff.com9 May 2023

Fitch on Tuesday affirmed India's sovereign rating at 'BBB-' with a stable outlook, on robust growth and resilient external finances, but said weak public finances remain a challenge. India's rating has been unchanged at 'BBB-', which is the lowest investment grade, since August 2006. "Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook," it said in a statement, adding strong growth potential is a key supporting factor for the sovereign rating.

K'taka election seizures hit Rs 375 cr, sees 4.5 times surge from last polls

K'taka election seizures hit Rs 375 cr, sees 4.5 times surge from last polls

Rediff.com9 May 2023

It said that increased focus on expenditure monitoring was the reason being the seizures, which included freebies such as sarees, 'food kits', pressure cookers and kitchen appliances.

India to Witness Less Job Churn In Next 5 Years

India to Witness Less Job Churn In Next 5 Years

Rediff.com9 May 2023

The churn in Indian labour markets will be led by technology-driven sectors like artificial intelligence and machine learning (38 per cent), followed by data analysts and scientists (33 per cent) and data entry clerks (32 per cent).

MiG-21 phase-out plan on track, move not linked to accidents: Official

MiG-21 phase-out plan on track, move not linked to accidents: Official

Rediff.com8 May 2023

Three people were killed after the MiG-21 fighter aircraft crashed into a house in Hanumangarh in Rajasthan shortly after it took off for a routine training sortie from the Air Force Station at Suratgarh.

Valuation comfort likely to limit downside for Axis Bank's stock

Valuation comfort likely to limit downside for Axis Bank's stock

Rediff.com8 May 2023

Axis Bank's results for the fourth quarter of the 2022-23 financial year (Q4FY23) were skewed due to large one-off charges related to its acquisition of Citi's retail business. Axis reported a loss of Rs 5,730 crore on account of exceptional items of Rs 12,350 crore (net of tax) towards Citi's acquisition, policy harmonisation etc. Excluding this one-off, the adjusted net profit or profit after tax (PAT) would be Rs 6,630 crore, up 61 per cent year-on-year (YoY).

Despite civilian's death, Pakistan to release 199 Indian fishermen on May 12

Despite civilian's death, Pakistan to release 199 Indian fishermen on May 12

Rediff.com8 May 2023

Pakistani authorities are expected to go ahead with its goodwill gesture to release on Friday 199 Indian fishermen arrested for allegedly fishing illegally in the country's waters, despite the death of an Indian civilian who was to be repatriated with them.

Silver medallist Bindyarani worried about family in riots-hit Manipur

Silver medallist Bindyarani worried about family in riots-hit Manipur

Rediff.com6 May 2023

Bindyarani Devi wondered if the news of her silver medal-winning effort at the Asian Championships 2023 had reached her parents, in violence-hit Manipur.

Lifter Bindyarani wins silver at Asian Championships

Lifter Bindyarani wins silver at Asian Championships

Rediff.com6 May 2023

Bindyarani Devi had a total effort of 194kg (83kg+111kg) in the non-Olympic 55kg category.

Olympic medallist Chanu finishes 6th at Asian Championships

Olympic medallist Chanu finishes 6th at Asian Championships

Rediff.com5 May 2023

Mirabai Chanu's Asian Championship campaign did not go as per plan as she faltered in snatch and chose not to make her last two clean and jerk attempts to finish sixth.

India sees 28% excess rainfall in pre-monsoon season; no heatwave since Apr 21

India sees 28% excess rainfall in pre-monsoon season; no heatwave since Apr 21

Rediff.com5 May 2023

East and northeast India recorded 29 per cent rain deficit -- 141.5 mm against the normal of 199.9 mm -- from March 1 to May 3.

SC quashes plea challenging Kanimozhi's election from Thoothukudi

SC quashes plea challenging Kanimozhi's election from Thoothukudi

Rediff.com4 May 2023

Kanimozhi had challenged a Madras high court order which had refused to dismiss the petition against her.

Passenger vehicle retail sales dip 1% in April: FADA

Passenger vehicle retail sales dip 1% in April: FADA

Rediff.com4 May 2023

Passenger vehicle retail sales in India declined by 1 per cent last month as buyers preponed purchases to March in order to avoid enhanced prices on account of stricter emission norms kicking in from April 1, automobile dealers' body FADA said on Thursday. The passenger vehicle retail sales declined to 282,674 units last month as compared with 286,539 units in April 2022. "The passenger vehicle segment, which achieved record sales in FY23, slowed down in April... This was primarily due to last year's high base and the OBD 2A norms, which led to vehicle price increases and advanced purchases in March," Federation of Automobile Dealers Associations (FADA) president Manish Raj Singhania said in a statement.

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