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Govt changes release time of GDP data to 4 pm

The Ministry of Statistics and Programme Implementation (MoSPI) on Friday said it has advanced the release of macroeconomic data Gross Domestic Product (GDP) estimates by about 90 mins to 4 pm. As per the current practice, the press releases of GDP are scheduled at 5.30 pm on the specified release dates, a MoSPI statement said.




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At Rs 1.2 trn, IPO mopup set to hit new high in 2024

The calendar year 2024 is set to go down as the best year for initial public offerings (IPOs) in terms of funds raised. Following the IPOs of food delivery major Swiggy and two other companies slated for next week, this year's total will reach nearly Rs 1.2 trillion, going past 2021's record tally of Rs 1.19 trillion. Swiggy's Rs 11,327 crore IPO, the sixth-largest in India, and solar energy firm Acme Solar Holdings' Rs 2,900 crore IPO opened on Wednesday (Nov 6), while health-tech firm Sagility India's Rs 2,106 crore IPO opened a day earlier.




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Tatas may choose Singapore as partner for chip plan

Tata Sons will likely choose Singapore as a "key partner" for its semiconductor plans, a senior minister from the city-state said on Friday. Speaking to reporters after a meeting with Tata Sons chairman N Chandrasekaran earlier in the day, Singapore's minister for home affairs and law K Shanmugam said semiconductors was a "big discussion" point during the meeting. "If they (Tatas) want to, they can do business with anybody in the world.




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Losses in blue-chip stocks drag markets down

Stock markets closed lower for the second straight day on Friday amid relentless foreign fund outflows and losses in blue-chip stocks Reliance Industries, ICICI Bank and State Bank of India. Benchmark BSE Sensex declined by 55.47 points or 0.07 per cent to settle at 79,486.32. During the day, it tanked 424.42 points or 0.53 per cent to 79,117.37.




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New biz premium of life insurers rises 13% in October

Life insurance companies reported a 13.16 per cent year-on-year (Y-o-Y) growth in new business premium (NBP), totting up Rs 30,347 crore in October, even as the number of policies sold saw a sharp decline. The growth was largely driven by strong performance from private sector life insurers.




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Sensex, Nifty close flat amid unabated FII selling

Tata Steel, Bajaj Finance, Mahindra and Mahindra, JSW Steel, NTPC, Adani Ports, Bajaj Finserv and Larsen and Toubro were also among the laggards. However, Power Grid, HCL Technologies, Infosys, Tech Mahindra, Tata Consultancy Services and ICICI Bank were among the gainers.




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RPL stock case: Relief to Ambani as SC junks Sebi plea

The Supreme Court on Monday dismissed a plea filed by Sebi against a Securities Appellate Tribunal order which set aside the penalty imposed by the market regulator on RIL chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in shares of the erstwhile Reliance Petroleum Ltd (RPL) in November 2007. A bench of Justices J B Pardiwala and R Mahadevan said it was not inclined to interfere with the order passed by SAT.




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Equity MFs see record Rs 41,887 cr inflow in Oct

Equity mutual funds witnessed a record inflow of Rs 41,887 crore in October, marking a surge of over 21 per cent on a month-on-month (MoM) basis, fuelled by robust investments in thematic funds. This also marks the 44th consecutive month of net inflow in the equity-oriented funds, highlighting the ever-increasing appeal of mutual funds among investors, data with the Association of Mutual Funds in India (AMFI) showed on Monday.




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Sedans Ready To Take On SUVs

Sedans and hatchbacks have both lost market share to SUVs, which now account for more than 50% share of the 4 million-odd-unit PV market in the country.




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No plan to bring clawback clause: LIC

State-owned Life Insurance Corporation of India (LIC) has realigned its commission structures for its distributors in accordance with new surrender value norms but has no plans to introduce any "clawback", it said in a post-earnings analyst call on Friday. "It depends on our experience because the new products have been filed from October 1," said Siddhartha Mohanty, managing director and chief executive officer. The insurance regulator has revised the surrender value norms, and the revised ones came into effect on October 1.




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Markets slump 1%; Sensex tumbled 821 points

From the 30-share Sensex pack, NTPC, Asian Paints, HDFC Bank, State Bank of India, Tata Motors, JSW Steel, Maruti and Power Grid were among the major laggards. On the other hand, Sun Pharma, Infosys and ICICI Bank were the gainers.




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Factory output up 3.1% in September

India's industrial production expanded by 3.1 per cent in September, mainly due to improvement in the manufacturing sector, according to official data released on Tuesday. The factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a growth of 6.4 per cent in September 2023.




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'Unacceptable': Chinese envoy on security lapses in Pakistan

Chinese Ambassador to Pakistan Jiang Zaidong urged that the government should launch a crackdown against all anti-China terrorist groups after two deadly attacks took place in Pakistan within only six months, The Express Tribune reported.




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Pak blames India for worsening smog in Lahore

Toxic grey smog has sickened tens of thousands of people, mainly children and elderly people, since last month when the air quality started worsening in Lahore, the city bordering India.




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Learning self protection

The self-defence programme equips girls in rural schools with an extra skill




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Behind the seams

Celeb stylist Kalyani Desai turns designer with the label Not Just Black




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When Madras demonetised




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Campaign for a cause

Students of Dr. T. Thirugnanam Primary School stage theatre performances at street corners to create awareness on dengue and motivate people to use public toilets.




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In search of water

The Madras Players presented a haunting portrayal of Tamil playwright Komal Swaminathan’s play Thanneer Thanneer




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A dignified sendoff

Aathma Public Charitable Trust ensures a compassionate closure to hundreds of unclaimed bodies. Members of the trust hope more people will extend a helping hand on their mission




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Why Chess Olympiad 2022 gives hope to small businesses in Mamallapuram

Mamallapuram’s small businesses are hopeful that the 44th Chess Olympiad will put their hometown in the global map




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Those foreign nuts

Upward mobility is measured in appetisers; what and how you serve is the message in the doovers



  • Life & Style

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Serving Telugu food with a side of innovation

At Krishna’s Kitchen, the wide variety will leave you spoilt for choice




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Cyrus Broacha on same sex marriages in India and one’s right to choose

“Should I be allowed to legally marry a man in India or not?” asks the columnist as the country’s Supreme Court begins hearing about legalising same-sex marriages



  • Life & Style

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Endemic Bird Day: Birders in India all set to document birds on eBird

This Endemic Bird Day (May 13), look out for birds that are local to your region, and document them to participate in a nation-wide birding event. City birders share their plans for the day



  • Life & Style

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Champions League PIX: Inter down Arsenal; Barca win

IMAGES from the Champions League matches played on Wednesday.




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George upsets World No 31 Yu Jen at Korea Masters

Kiran George dished out yet another gritty performance to upset third seed Chi Yu Jen of Chinese Taipei.




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Neeraj heads to South Africa for off-season training

The double Olympic medallist last competed in Brussels in the Diamond League Final in September and will spend 31 days in Potchefstroom.




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Diving Champ Manjari Bhargava Passes Into The Ages

At just 12 and a half years old, Manjari won gold in diving at the 1968 national championship in Kanpur, competing against older athletes.




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Kiran George's Korea Masters run ends in semifinals

Indian shuttler Kiran George's impressive run at the Korea Masters came to an end with a semifinal loss to Thailand's Kunlavut Vitidsarn




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Bundesliga PIX: Bayern win; champions Leverkusen held

Bayern Munich earned a nervous 1-0 win at St Pauli thanks to a sensational 28-metre drive from Jamal Musiala to stay unbeaten.




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EPL PIX: Liverpool stay on top; City lose again

IMAGES from the EPL matches played on Saturday.




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SEE: A meeting of legendary proportions

Ashwin posted a picture on Instagram, sharing his joy on meeting the five-time world chess champion.




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Body-shaming in tennis! Krejcikova slams sexist remark

Czech Barbora Krejcikova on Sunday called for respect and professionalism in sports media as she hit out at "unprofessional" remarks made about her appearance during a broadcast on the Tennis Channel.




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Magnus Carlsen reflects on chess rating 'deflation'

Magnus Carlsen, the undisputed world number one for over a decade, believes chess ratings today are somewhat "deflated" compared to the past but remains unfazed by the possibility of someone surpassing him.




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Praggnanandhaa excited to take on World No. 1 Carlsen

On current form, D Gukesh is the favourite to win the World Chess Championship title against his Chinese opponent, Ding Liren, believes Indian teenage Grandmaster R Praggnanandhaa.




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Majority dissatisfied with Japan's coronavirus response: Nikkei poll