In just two days, equity investors faced a staggering loss of ₹13 lakh crore in market valuation as the BSE benchmark Sensex saw a sharp 2.27% drop. The benchmark index shed 1,805.2 points, with a 984.23-point decline on Wednesday, November 13, 2024, ending at 77,690.95. Experts cited soaring retail inflation, which hit a 14-month high of 6.21% in October, persistent foreign fund outflows, and muted corporate earnings as the primary reasons behind the significant market correction

The Indian rupee opened at 84.39 against the US dollar on Wednesday, remaining near its all-time low of 84.4162. The Reserve Bank of India (RBI) is continuing its efforts to stabilize the currency, with analysts Amit Pabari and Anil Kumar Bhansali suggesting that the ce

On Wednesday, the Indian stock markets showed a strong upward movement, with the Nifty 50 closing 1.12% higher at 24,484.05 and the BSE Sensex ending 1.13% up at 80,378.13. The rally was largely fueled by a significant surge in information technology (IT) stocks, including Infosys Ltd., Tata Consultancy Services Ltd. (TCS), and other major players in the sector. The rally was

As Day 1 of the 3rd Test between India and New Zealand unfolds at Wankhede Stadium in Mumbai, the Indian team has made a strong start by bowling out New Zealand for 235 runs. Ravindra Jadeja was the standout performer for India, claiming his 14th five-wicket haul in Test cricket, showcasing his exceptional skill and resilience on the field. Washington Sundar also played a crucial role in the bowling attack, contributing with four wickets, further solidifying India's dominance in the match

The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment. Out of the total gold reserves, 510.46

With just two days remaining before the IPL 2025 retention deadline, excitement is building around the Chennai Super Kings (CSK) and the pivotal decisions they will make. A key focus of speculation is whether MS Dhoni, the legendary captain, will return for another season. As an uncapped player since his international retirement over five years ago, Dhoni's status has generated heated discussions among fans and analysts alike. A recent post by CSK on social media, featuring cryp

The Pakistan Cricket Board (PCB) has officially announced the appointment of Jason Gillespie as the interim white-ball coach for the national cricket team, taking over from Gary Kirsten, who recently resigned from the position. Gillespie, who has been serving as the head coach of the Test team, will lead the squad during the upcoming series against Australia and Zimbabwe. Kirsten's resignation comes just six months into his tenure, sparked by growing tensions with the PCB regard

In the ongoing second Test against New Zealand at Pune, the Indian cricket team is grappling with a significant challenge as they attempt to salvage the match. After giving up a first-innings lead of over 100 runs, the Rohit Sharma-led side has struggled to make inroads into New Zealand's batting lineup. Washington Sundar's exceptional seven-wicket haul restricted New Zealand to 259 runs, but India's response was underwhelming as they only managed to score 156 in their first innin

The Reserve Bank of India (RBI) has reduced its GDP growth forecast for India to 6.8% for the second quarter of fiscal 2024-25, a decrease of 20 basis points. In its October bulletin titled "State of the Economy," the RBI attributed this revision to a slackening momentum observed in some high-frequency indicators, which were partially impacted by unusual heavy rainfall in August and September. This latest forecast is lower than the previous projection of 7% made by RBI Gov

The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards. In a press release, the RBI emphasized its ongoing commitment to

The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions. In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,

Spain will face Denmark and Serbia in the Nations League without key striker Nico Williams, who has been sidelined due to an injury sustained while with Athletic Bilbao. Williams reported to the national team's training camp at Las Rozas, near Madrid, but was released after discussions between the medical teams of his club and the national team, as confirmed by a statement from the Spanish football federation. The absence of Williams is a significant blow for Spain, especially g

The Haryana election results are generating significant buzz nationwide, particularly with the notable victory of Olympian and former wrestler Vinesh Phogat in the Julana assembly segment. Running as a Congress candidate, Phogat triumphed over BJP's Captain Yogesh Bairagi, a former Army officer, and Kavita Dalal from the Aam Aadmi Party, also a wrestler, securing her win by a remarkable margin of over 6,000 votes. Despite Phogat's standout performance, the broader picture in

In a decisive move to safeguard citizens' sensitive information, the Indian government has blocked several websites found to be exposing personal identifiable information, including Aadhaar and PAN Card details. This action follows a report from the Indian Computer Emergency Response Team (CERT-In), part of the Ministry of Electronics and Information Technology, which identified significant security flaws on these sites. The official statement highlighted the government's co

US stocks experienced a lower opening on Friday as investors took a moment to reassess following a robust rally spurred by the Federal Reserve's significant interest rate cut earlier this week. The Dow Jones Industrial Average fell by 120 points, or 0.3%, landing at 41,906.55. Meanwhile, the tech-heavy Nasdaq Composite decreased by 0.2%, settling at 17,950.7. The S&P 500 also saw a dip, declining by as much as 0.26% to 5,698.93. Despite the overall market downturn, nine of t

The second day of the one-off Test match between Afghanistan and New Zealand was unfortunately called off due to persistent issues with a wet outfield at the Greater Noida Sports Complex Ground. Despite multiple inspections throughout the day, conditions did not improve, and the decision to cancel play was made around 3:04 pm. The unplayable conditions have left cricket fans and players waiting for updates on the rescheduled fixtures. Groundstaff made several attempts to address the

The Appointments Committee of the Cabinet (ACC) has announced the appointment of Satish Kumar as the new Chairman and Chief Executive Officer (CEO) of the Indian Railway Board. Kumar's appointment comes as Jaya Verma Sinha, who has served as the Chairman and CEO since September of last year, is set to transition to a new role as an administrative member of the Central Administrative Tribunal (CAT). Kumar will take on his new responsibilities until his superannuation and may serve on a con

In a significant political move, Thalapathy Vijay, a major figure in the Tamil film industry, has officially launched the flag and symbol of his newly established party, Tamilaga Vettri Kazhagam. The unveiling event showcased a flag featuring a red and yellow color scheme with flower and elephant symbols. This marks a crucial step in Vijay's transition from cinema to politics. During the e