Anil Sarin of Centrum PMS says India has always been an expensive market, but this is justified due to attractive historical stock returns and higher earnings growth. One has to look at mid-cap and small-cap space individually, instead of focusing on headline valuation, says Anil Sarin of Centrum PMS as many sectors and segments are in …
Mikhail Gorbachev, Soviet leader who helped end the Cold War, has died
Mikhail Gorbachev, the final leader of the Soviet Union and a reformer who helped end the Cold War and lead his country from communism to capitalism, died Tuesday at 91, according to the Gorbachev Foundation. “Mikhail Sergeevich Gorbachev died this evening after a serious and long illness,” the Central Clinical Hospital reported, according to the Interfax …
Sonali Phogat Murder Case: Goa Club Owner, Drug Dealer Arrested
New Delhi/Panaji: In actor and BJP leader Sonali Phogat’s murder case, two more people have been arrested, including a drug dealer and the owner of the Goa restaurant where she was seen partying the night before her death. This brings the total number of arrests in the Haryana BJP leader’s death case to four. Edwin …
India Weather News Live Updates (August 24): A cyclonic circulation over the north Bay of Bengal triggered heavy rains in Gangetic West Bengal on Wednesday. South Bengal districts, including Kolkata, have been receiving intermittent showers with heavy downpours at one or two places since Tuesday owing to the weather system. The cyclonic circulation over the north Bay of Bengal will bring heavy rain in Gangetic West Bengal in the southern part of the state till Thursday morning. Most of the districts in south Bengal are likely to receive heavy rain, accompanied by gusty wind reaching a speed of 30 to 40 km per hour, it said. (PTI) Also, some areas along eastern Rajasthan and adjoining Madhya Pradesh on Tuesday received record rainfall of 300mm in 24 hours. The rainfall recorded in Rajasthan was 392 percent above normal and this excess is also because it is not a heavy rainfall receiving state and the normals are very low for August. According to the Met department, the rainfall intensity over both these states will reduce significantly from Wednesday. However, districts along western Rajasthan will receive widespread rainfall. In other news, The National Center for Seismology reported an earthquake of magnitude 3.9 occurred 71km east northeast of Katra, Jammu & Kashmir, at around 11:23 pm on August 23rd. According to the centre, the depth of the earthquake was 5 km below the ground, ANI reported.Live Updates: Heavy downpours lash West Bengal; Rajasthan records 392% above normal rainfall
India Weather News Live Updates (August 24): A cyclonic circulation over the north Bay of Bengal triggered heavy rains in Gangetic West Bengal on Wednesday. South Bengal districts, including Kolkata, have been receiving intermittent showers with heavy downpours at one or two places since Tuesday owing to the weather system. The cyclonic circulation over the …
Mumbai, Maharashtra News Live Updates: IMD issues yellow alert in Mumbai for heavy rainfall
Mumbai, Maharashtra News Live Updates (August 16): The India Meteorological Department (IMD) has issued a yellow alert for Mumbai, indicating that heavy rainfall is very likely. Heavy rainfall in Mumbai on Tuesday caused traffic disruptions due to waterlogging. Central line train services have also been affected, as well as long-distance trains arriving in Mumbai. Low-lying areas …
Oil prices are falling as Joe Biden advocates for lower US fuel prices
As U.S. President Joe Biden pushed for lower fuel prices, putting pressure on significant U.S. corporations to lessen the burden on drivers during the nation’s peak summer demand, oil prices fell in early trade on Wednesday. While Brent crude prices declined $1.33, or 1.2 percent, to $113.32 a barrel at 0031 GMT, U.S. West Texas …
Crude oil prices are down 6%, while ONGC, Oil India, and Adani Total are down 17%
Oil prices fell almost 5% to a three-week low on Friday, prompting investors to fear that interest rate rises by major central banks would slow the global economy and reduce energy demand. Shares of energy companies fell up to 17% on the BSE in Monday’s session. In intra-day trading on the BSE, Mangalore Refinery & …
Crude oil prices are down 6%, while ONGC, Oil India, and Adani Total are down 17%
Oil prices fell almost 5% to a three-week low on Friday, prompting investors to fear that interest rate rises by major central banks would slow the global economy and reduce energy demand. Shares of energy companies fell up to 17% on the BSE in Monday’s session. In intra-day trading on the BSE, Mangalore Refinery & …
To increase efficiency, SBI and its subsidiaries rearrange top management
The State Bank of India (SBI) has reshuffled its senior management and subsidiaries to improve efficiency, according to a media report published on Thursday. The portfolios of all four MDs have been reshuffled, according to the Indian Express story. SBI’s fourth MD, Alok Kumar Choudhary, DMD (Finance), was inducted. According to the article, he is …
To assist countries, the WTO should permit food exports from public stock
India urged the World Trade Organization (WTO) on Monday to allow exports of food grains from public reserves for international food aid and humanitarian purposes, particularly on a government-to-government basis, because the UN’s World Food Programme was unable to meet demand. Commerce and Industry Minister Piyush Goyal stated during an agro intervention at a WTO …