Saturday, August 29
The top 100 wealth creators delivered a 38% CAGR over five years, far above the Sensex's 21% CAGR. Motilal Oswal said this period marks the fastest wealth-creation phase in the study's 30-year history.Airtel and ICICI Bank emerge as the biggest winnersBharti Airtel has topped the list as the biggest wealth creator, adding Rs 7.9 lakh crore in market value over the five-year period. ICICI Bank followed closely with Rs 7.4 lakh crore, driven by strong balance-sheet strength, sustained earnings growth, and steady market-share gains across retail and corporate banking.Consumer-facing, financial services, defence, and PSU stocks form a large part of the top-100 list, reflecting a broadening rally beyond traditional leaders.BSE becomes the fastest wealth creatorThe BSE itself emerged as the fast
The US Federal Reserve on Wednesday delivered a widely anticipated policy decision, marking one of its most closely watched meetings in years and setting the stage for how global monetary policy — including in India — may evolve in 2026. The Federal Open Market Committee (FOMC) cut its benchmark rate by 25 basis points, placing the federal funds rate at 3.5%-3.75%, amid signs of cooling inflation and mixed economic data.The decision came after weeks of uncertainty triggered by a 43-day US government shutdown that delayed key data releases, conflicting statements from Fed officials, and vocal pressure from the Trump administration for easier policy ahead of next year's US midterm elections.The move was in line with market expectations, although the path ahead is less certain. The Fed pe
ICAI President Charanjot Singh Nanda on Thursday said the use of Unique Document Identification Number (UDIN) by chartered accountants has helped prevent potential financial frauds of Rs 70,000-80,000 crore.UDIN, which is generated for each document certified by a chartered accountant, was introduced by the Institute of Chartered Accountants of India (ICAI) in 2019.Since then, more than 10 crore UDINs have been generated, Nanda said at a media briefing in the national capital.According to him, the use of UDIN has helped in preventing potential fraud that could have been worth Rs 70,000-80,000 crore.UDIN helps in the verification and authentication of documents.ICAI has plans to put in place limitations on UDIN generation for tax audits.
The International Cricket Council (ICC) on Thursday announced the launch of ticket sales for next year’s ICC Men's T20 World Cup, offering entry-level prices at historic lows to boost accessibility for the marquee event. Ticket sales will go live at 6:45 IST, with prices starting at Rs 100 (around $1.11) at select venues in India and LKR 1,000 (around $3.26) in Sri Lanka, the ICC said in a press release. The milestone 10th edition of the tournament will be co-hosted by India and Sri Lanka, with matches scheduled across eight venues from February 7 to March 8.ICC T20 World Cup 2026 tickets: Here are key details:Where can you buy tickets for the T20 World Cup 2026? Tickets for the T20 World Cup 2026 will be available on the official portal: tickets.cricketworldcup.com. When will ticket sal
