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From the time Sir Dorabji <keyword id="19904884" type="General" weightage="20" keywordseo="tata" source="keywords">Tata</keyword> sponsored a handful of Indian athletes to the 1920 Antwerp Olympics, Tata group has been a constant in India's sporting landscape and the conglomerate's involvement only grew under <keyword id="19981455" type="General" weightage="100" keywordseo="ratan-tata" source="keywords">Ratan Tata</keyword>, who considered sport a "way of life". The chairman emeritus of Tata Sons died here at the age of 86 on Wednesday after being admitted to a hospital on Monday for "age and related medical conditions". His death triggered an avalanche of tributes from eminent personalities from all walks of life and sports was no different. From being the title sponsor of the glitzy Indian Premier League of cricket to supporting lesser-followed sports like archery to owning a football team in the Indian Super League to sponsoring a high-profile chess tournament, the Tata group has been deeply involved with the country's sporting ecosystem. Most of this involvement grew during Ratan Tata's tenure. "He always believed in 'sports is the way of life' and we are happy to carry forward the legacy. We have been the torchbearer of sports with 19 sporting verticals from football, hockey, archery to horse riding, boxing, karate, racket sports. You name it, we have it," an official involved with the JRD Tata Sports Academy, which was inaugurated in 1991 in Jamshedpur, told PTI. The growth in Tata Group's sporting involvement under Ratan Tata was the continuation of a legacy. After all, Sir Dorabji Tata, who played cricket, tennis and football, was the first President of the Indian Olympic Association (1924). This was after he had financed the Olympic appearance of four track-and-field athletes and two wrestlers at the Antwerp Games, helping organise their trials in Pune as well. Tata Steel Chess, which is also called the 'Wimbledon of chess', is a marquee event on global chess calendar, held at <keyword id="20385206" type="General" weightage="20" keywordseo="wijk-aan-zee" source="keywords">Wijk Aan Zee</keyword>, the Netherlands. It wasn't always known that. It was Corus Chess Tournament for the longest time before Tata Steel took over the title sponsor company, thereby claiming the rights of this event from 2007 onwards. Five-time world champion and Indian chess legend <keyword id="20221790" type="General" weightage="20" keywordseo="viswanathan-anand" source="keywords">Viswanathan Anand</keyword> was among the first sports icons to pay tributes to the late industrialist, saying that he "touched all our lives". "It is with profound sadness that we bid farewell to a giant of industry and philanthropy. We received our Padma Vibhushan together, and I was truly touched by his humility and genteel nature," Anand wrote on X. "The chess fraternity owes much to the traditions that are so closely associated with the Tata Group. @tatasteelchess in Holland is an event that made us chess players particularly proud, especially when the Tatas took over Corus, and later starting a new tradition with @tschessindia," he added. "The chess world and I offer our deepest condolences to @RNTata2000, a human being who touched all our lives and always stood for the good of society. Rest in peace," Anand continued. Tata Foootball Academy started back in 1987 under <keyword id="23494114" type="General" weightage="20" keywordseo="russi-mody" source="keywords">Russi Mody</keyword>, the then chairman of Tata Steel, who had the backing of Ratan Tata for the project. The academy has been supplying national level footballers since early '90s with its some of its noted alumni being current All India Football Federation head and former goalkeeper Kalyan Chaubey, Rennedy Singh, Dipendu Biswas and Kiran Khongsai. "TFA has played a pioneering role in Indian football by focusing on nurturing young talent and contributing significantly to the development of football in the country," the official associated with JRD sports complex said. "He (Ratan Tata) was there at the launch of Jamshedpur FC in the ISL in 2017. he interacted with the players and coaches, took photos with them. They also presented him with a signed jersey. He was very happy to see the team coming up and playing in the top tier ISL," he recalled. The enigmatic businessman was there to launch the hockey academy in Jamshedpur in 2019. "...perhaps for the last time he was here," the official said. Hockey India said Ratan Tata will be remembered as a "shining gem". "Your vision and endless contribution to our nation will never be forgotten. Your legacy will forever live with us till eternity. Hockey India pays tribute to one of Modern India's Pioneers - Ratan Naval Tata," it added. The legendary <keyword id="19919207" type="General" weightage="20" keywordseo="sachin-tendulkar" source="keywords">Sachin Tendulkar</keyword> said Ratan Tata's legacy will continue through his foundations. "In his life, and demise, Mr Ratan Tata has moved the nation. I was fortunate to spend time with him, but millions, who have never met him, feel the same grief that I feel today. Such is his impact," <keyword id="20012835" type="General" weightage="20" keywordseo="tendulkar" source="keywords">Tendulkar</keyword> wrote. The Tata Archery Academy in Jamshedpur has been the training ground for ace Indian archers Deepika Kumari and Atanu Das for several years. Given Tata Group's involvement in India's Olympic movement, it was hardly a surprise to see an outpouring of tributes from some of country's top athletes. "I'm very sorry to hear about the passing of Shri Ratan Tata ji. He was a visionary, and I'll never forget the conversation I had with him. He inspired this entire nation. I pray that his loved ones find strength. Om Shanti," posted India's track-and-field Olympic gold-winner, Neeraj Chopra. India's first-ever Olympics medal winner in badminton, <keyword id="20204318" type="General" weightage="20" keywordseo="saina-nehwal" source="keywords">Saina Nehwal</keyword> described him as a great man. "Ratan Tata sir aapki legacy hamesha humare saath rahegi. RIP (sic). (A great man and true visionary. Tata sir your legacy will always remain with us," she said. One of India's greatest spin bowlers and former captain Anil Kumble said, "Mr. Ratan Tata's contribution extends far beyond business. His legacy of giving back to society will continue to inspire future generations. Rest in peace." "An institution who embodied Excellence, Vision and Humility. A Philanthropist par excellence. A massive loss to society. Condolences to the entire Tata family. God bless his soul #RatanTata," wrote former India player and coach <keyword id="19958622" type="General" weightage="20" keywordseo="ravi-shastri" source="keywords">Ravi Shastri</keyword>.

The Tata effect on Indian sports: Ratan Tata's demise mourned by India stalwarts

New Delhi: The <keyword id="20072894" type="General" weightage="20" keywordseo="rural-economy" source="keywords">Rural economy</keyword> of <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> has emerged as a significant driver of <keyword id="19900794" type="General" weightage="20" keywordseo="economic-growth" source="keywords">economic growth</keyword>, outpacing urban areas largely due to increased <keyword id="20155204" type="General" weightage="20" keywordseo="government-spending" source="keywords">government spending</keyword> in the recent quarters, highlighted a report by <keyword id="20548750" type="General" weightage="100" keywordseo="Anand-Rathi" source="keywords" meta.keywordsubtype="org" meta.entityname="Anand Rathi" meta.hostid="153" meta.entityid="Anand Rathi">Anand Rathi</keyword>, a financial service company. "<keyword id="20109648" type="General" weightage="20" keywordseo="rural-india" source="keywords">Rural India</keyword> continues to outpace urban areas in growth, largely due to a significant rise in government spending in rural regions in the last quarter," said the report. For the coming months, the report stated that the growth trend in the rural economy is expected to continue, although a moderation in growth may occur. It also added that the favourable monsoon conditions and improved sowing data are anticipated to sustain the upward trajectory in <keyword id="19931574" type="General" weightage="20" keywordseo="rural-demand" source="keywords">rural demand</keyword>, providing a buffer against potential economic uncertainties. "We expect this growth to moderate following the elections, favourable monsoon conditions and improved sowing data should sustain the upward trend in rural demand". The report also highlighted that the government's ambitious capital expenditure plans, amounting to Rs 11.1 trillion, are expected to stimulate infrastructure development, further enhancing rural economic prospects The rural economy plays a crucial role in the development of the country because a majority of the population still resides in rural areas. As per the Economic Survey of 2022-2023 around 65 per cent of India's population lived in rural areas in 2021. The report also highlighted that India stands out among emerging economies due to its strong GDP growth. Last year, India grew by more than 8 per cent, and the <keyword id="19899808" type="General" weightage="20" keywordseo="RBI" source="keywords" meta.keywordsubtype="org" meta.entityname="RBI" meta.hostid="153" meta.entityid="RBI">RBI</keyword> expects a 7.2 per cent growth rate for FY25. The financial outlook is positive, with efforts to cut the fiscal deficit to 4.5 per cent. The report also noted that India's credit rating may improve because of the strong tax revenue and a large dividend from the RBI which will lead to a lower fiscal deficit than expected. "The fiscal outlook appears promising, with continued focus on reducing the fiscal deficit toward the 4.5 per cent target. Strong tax collections and a substantial RBI dividend may enable the fiscal deficit to come in lower than expected, which could potentially lead to an improved sovereign rating" said the report.

Rural economy is driving India's growth, Govt capex in infra will stimulate it: Anand Rathi report

Mumbai (Maharashtra) [India], July 31 (ANI): The <keyword id="417639" type="General" weightage="20" keywordseo="automotive-sector" source="Orion">automotive sector</keyword> is poised for a robust performance in July 2024, driven by an expected double-digit year-on-year (y/y) growth in two-wheeler (2W) <keyword id="21974415" type="General" weightage="20" keywordseo="wholesale-volumes" source="keywords">wholesale volumes</keyword>, according to a recent report by <keyword id="20548750" type="General" weightage="20" keywordseo="Anand-Rathi" source="keywords" meta.keywordsubtype="org" meta.entityname="Anand Rathi" meta.hostid="261" meta.entityid="Anand Rathi">Anand Rathi</keyword>. The surge is attributed to solid retail demand, estimated at approximately 15 per cent y/y, strategic inventory build-up, and a favourable base effect. Excluding Honda, the growth remains robust at around 14 per cent. Additionally, <keyword id="20163833" type="General" weightage="20" keywordseo="passenger-vehicle" source="keywords">passenger vehicle</keyword> (PV) volumes are likely to have increased, supported by improved retail activity and inventory accumulation. Meanwhile, sales of <keyword id="20023450" type="General" weightage="20" keywordseo="commercial-vehicles" source="keywords">commercial vehicles</keyword> (CVs) and tractors are expected to remain broadly flat. Overall, the outlook for the <keyword id="19979339" type="General" weightage="100" keywordseo="auto-sector" source="keywords">auto sector</keyword> remains positive. In the passenger vehicle (PV) segment, volumes are also expected to see an uptick, largely due to better retail performance and inventory accumulation. The report predicts a slight growth of around 3 per cent y/y for PV volumes. On the commercial vehicles (CV) front, the outlook is more mixed. The report forecasts that overall CV volumes will remain relatively flat, with a small drop of approximately 3 per cent y/y, primarily due to lower light commercial vehicle (LCV) volumes. However, there are bright spots within the segment. Volumes for VECV's CVs are expected to have risen by 15 per cent, and the medium and heavy commercial vehicle (M&amp;H CV) growth forecast has been revised upwards to high single digits from mid-single digits, driven by robust demand for buses and ongoing replacement demand. The M&amp;H CV segment is further bolstered by increased infrastructure and economic activity, as well as a favourable comparison base from Q1 and Q4 of FY24.

Auto sector poised for robust growth in July 2024 with double-digit surge in two-wheeler sales: Anand Rathi report

A day before the official release of India's Gross Domestic Product (<keyword id="35050" type="General" weightage="20" keywordseo="GDP" source="Orion">GDP</keyword>) figures for <keyword id="21593310" type="General" weightage="20" keywordseo="Q1-FY25" source="keywords">Q1 FY25</keyword>, a report by <keyword id="20548750" type="General" weightage="20" keywordseo="Anand-Rathi" source="keywords" meta.keywordsubtype="org" meta.entityname="Anand Rathi" meta.hostid="261" meta.entityid="Anand Rathi">Anand Rathi</keyword> research estimates the GDP to grow by 7 per cent, primarily driven by the robust performance of the services sector. The financial advisory firm also maintains its full-year <keyword id="19972825" type="General" weightage="20" keywordseo="GDP-growth" source="keywords">GDP growth</keyword> projection at 7 per cent, though it warns of potential downside risks. Utilities GVA is expected to rise by 11.5 per cent, while the construction sector has slowed due to election-related disruptions and the impact of heat. The mining sector remains strong, supported by increased coal production. The services sector is expected to be the primary driver of GDP growth in Q1 FY25. Despite reduced <keyword id="20155204" type="General" weightage="20" keywordseo="government-spending" source="keywords">government spending</keyword> ahead of the elections, which is likely to dampen growth in some service sectors, financial, real estate, and professional services are expected to have performed well. This performance is attributed to strong market activity and credit growth. However, the trade and transport sectors present a mixed picture, with some indicators showing improvement while others remain moderate. Overall, Services Gross Value Added (GVA) is expected to grow by 8.2 per cent in Q1 FY25. As per the report, Investment was a key growth driver in FY24, fuelled by government infrastructure projects and a real estate upswing. However, the momentum appears to have slowed in Q1 FY25 due to pre-election restrictions. Despite this, the report predicts a significant rise in government capital expenditure in the coming months, supported by greater budget allocations. The report highlights the changing dynamics of private consumption in India. FY24 saw weak consumption, especially in rural areas, with final consumption expenditure growing by just 3.8 per cent. However, as FY25 begins, there are signs of a rural revival. Indicators such as increased two-wheeler sales and improving Fast-Moving Consumer Goods (FMCG) volume growth signal a rebound in rural demand. In contrast, urban demand continues to show signs of sluggishness. The muted sales of passenger vehicles, weaker retail credit transfers, and flat Goods and Services Tax (GST) collections underscore this trend. While consumption is not expected to see a significant rise in Q1 FY25, the outlook for the remainder of the year appears positive. This optimism is bolstered by anticipated higher agricultural output and sharper government focus on rural areas. The agriculture sector is expected to post a subdued growth of 2.1 per cent in Q1 FY25, affected by scorching heat and uneven rainfall last year, which led to lower reservoir levels and hindered farming activities. However, the outlook is more promising for the remainder of the fiscal year, with better rains and improved sowing conditions expected to boost agricultural output Additionally, a rebound in stamp duty collections suggests buoyant real estate sales. Private capital expenditure, which was previously subdued, is expected to expand in FY25, driven by rising capacity utilisation and strong order books. The industrial sector, which grew by 9.5 per cent in FY24, is expected to see a shift in growth drivers in Q1 FY25. The focus is now moving towards utilities and mining, with manufacturing growth slowing. While government infrastructure projects and private capital expenditure will continue to support industrial growth, the global growth slowdown poses potential risks.

Anand Rathi anticipates Q1 FY25 GDP growth at 7%, a little lower than RBI's estimate of 7.1%

<keyword id="19951168" type="General" weightage="100" keywordseo="RBI-governor-Shaktikanta-Das" source="keywords">RBI governor Shaktikanta Das</keyword> was awarded an A+ grade, the highest of the lot, for the second time in a row by the <keyword id="22855254" type="General" weightage="20" keywordseo="Global-Finance-Magazine" source="keywords" meta.keywordsubtype="org" meta.entityname="Global Finance Magazine" meta.hostid="261" meta.entityid="Global Finance Magazine">Global Finance Magazine</keyword>'s <keyword id="22862849" type="General" weightage="20" keywordseo="Central-Banker-Report-Card-2024" source="keywords">Central Banker Report Card 2024</keyword>. While the full list will be available in October, Das was ranked the highest, along with Denmark's Christian Kettel Thomsen and Switzerland's Thomas Jordan. Fed chairman Jerome Powell scored an A- on the list. Before Das, former RBI governor Raghuram Rajan had also made to this list in 2015, securing A grade. Taking to X, PM <keyword id="19895781" type="General" weightage="20" keywordseo="Narendra-Modi" source="keywords">Narendra Modi</keyword> and <keyword id="19982618" type="General" weightage="20" keywordseo="Anand-Mahindra" source="keywords">Anand Mahindra</keyword>, who heads Mahindra and Mahindra, congratulated Das, with the billionaire calling him "a <keyword id="21663281" type="General" weightage="20" keywordseo="gold-medalist" source="keywords">gold medalist</keyword> in central bank Olympics". <div type="twitter" handle="narendramodi" handlename="narendramodi" favoritecount="0" retweetcount="0" id="1826100085672857771"></div> <div type="twitter" handle="anandmahindra" handlename="anandmahindra" favoritecount="0" retweetcount="0" id="1825919281957159052"></div> Brazil's Roberto Campos Neto, Chile's Rosanna Costa, Sri Lanka's Nandalal Weerasinghe and Vietnam's Nguyen Thi Hong received a A grade, while EU's Christine Lagarde, Cambodia's Chea Serey and Sweden's Erik Thedéen were amongst those receiving the A-grade. Since 1994, Global Finance has been grading the central bank governors of nearly 100 countries. They are rated at a scale of A+ (excellent) to F (failure) depending on their success across specific parameters such as inflation control, economic growth goals, currency stability and interest rate management. <h2>Who is Shaktikanta Das? </h2>With a seasoned bureaucratic legacy of 35 years, Das is an IAS officer from the 1980 Tamil Nadu cadre. He graduated from St. Stephens College, Delhi with a degree in history, and was appointed as the 25th governor of the apex bank five years ago, on December 12th, 2018. Prior to assuming this position, Das had also served as secretary in the Department of Revenue and also, Economic Affairs under the <keyword id="19908390" type="General" weightage="20" keywordseo="Ministry-of-Finance" source="keywords" meta.keywordsubtype="org" meta.entityname="Ministry of Finance" meta.hostid="261" meta.entityid="Ministry of Finance">Ministry of Finance</keyword>. He also served as the DM (district magistrate) for Dindigul and Kanchipuram. Having worked with 4 different finance ministers (Pranab Mukherjee, Arun Jaitley, P Chidambaram and Nirmala Sitharaman), Das had previously also been a member, 15th Finance Commission, along with being a G20 Sherpa in 2017. Das had been instrumental in preparation of India's last 8 union budgets, along with serving as India's alternate governor at various fora, like World Bank, Asian Development Bank, New Development Bank, Asian Infrastructure Investment Bank and more. Das has several economic laurels to his name. From drafting the Insolvency and Bankruptcy Code to executing tax devolution under GST for states and demonetisation, , Shaktikanta Das has played a crucial role in shaping India's overall economic health

Gold medalist in central bank Olympics-All you need to know about RBI governor Shaktikanta Das

New Delhi [India], August 6 (ANI): The <keyword id="109950" type="General" weightage="20" keywordseo="indian-stock-markets" source="Orion">Indian stock markets</keyword> have emerged as an oasis of safety amidst the volatility of global financial markets in recent years, highlights a report by <keyword id="84326" type="General" weightage="20" keywordseo="anand-rathi" source="Orion">Anand Rathi</keyword>, a financial service company. The ongoing unwinding of the Yen carry trade, which has historically influenced capital flows into emerging markets, has raised concerns about potential impacts on the Indian equity market. However, the report noted that India's robust financial regulations, prudent monetary policies, and strong domestic support systems position it as a resilient player in the face of such challenges. "Domestic theme-related sectors, we believe, will continue to offer an oasis of safety. Therefore, even a complete unwinding of India's carry trade exposure is unlikely to significantly impact the Indian equity market over the long term" said the report. The Yen-carry trade capitalises on Japan's low interest rates, allowing investors to borrow in Yen and invest in higher-yielding assets abroad. This strategy has led to significant capital inflows into emerging markets, including India, particularly during periods of low volatility. However, the unwinding of these trades can lead to capital flight and market instability, as witnessed during the 2008 global financial crisis. Despite the recent fluctuations in <keyword id="46984" type="General" weightage="20" keywordseo="global-markets" source="Orion">global markets</keyword>, India has demonstrated remarkable resilience. The Reserve Bank of India (RBI) has implemented stringent regulations and maintained substantial foreign exchange reserves, currently standing at USD 671 billion. These measures have fortified the financial sector, making it less vulnerable to external shocks and capital outflows. "India's financial sector has become more resilient over the past decade thanks to tighter regulations by the Reserve Bank of India (RBI)" said the report. Moreover, India's macroeconomic indicators remain robust, with rapid corporate earnings growth and reasonable equity valuations. The report also highlighted that even in the face of USD 34 billion in outflows from Indian equities in the past years (from mid-July 2021 to mid-July 2022), the market has remained stable, buoyed by strong domestic support and continued inflows into mutual fund schemes. "Despite a USD 34bn outflow over 12 months (from mid-July 2021 to mid-July 2022), the Nifty rose 2.6 per cent, buoyed by strong fundamentals and robust domestic flows into equity market" the report stated. India's experience with the Yen carry trade has imparted valuable lessons regarding the importance of effective regulation, prudent monetary policy, and diversification of capital sources. The country has made significant strides in these areas over the last decade, enhancing its economic stability and reducing vulnerability to external financial pressures. "India has improved in these areas over the last decade, making it less vulnerable to Yen carry trade reversals. Even a complete unwinding of carry trade inflows is unlikely to significantly impact the Indian equity market due to strong domestic flows and positive fundamentals" said the report. As global markets continue to experience turbulence, the report noted that India stands out as an oasis of safety. The report also added that the combination of strong domestic flows, favourable macroeconomic conditions, and a resilient financial sector positions India well for future growth, even amidst the challenges posed by global financial dynamics. According to the report while the unwinding of the Yen carry trade may create short-term volatility, India's long-term outlook remains positive, supported by its robust fundamentals and strategic financial management.

Indian markets an oasis of safety amid global volatility in recent years: Anand Rathi report

The composite <keyword id="726966" type="General" weightage="20" keywordseo="Purchasing-Managers-Index" source="Orion">Purchasing Managers' Index</keyword> (<keyword id="19905748" type="General" weightage="20" keywordseo="PMI" source="keywords">PMI</keyword>) stood at 60.7, in July, reflecting buoyant economic activity, though the pace of acceleration had eased compared to the previous month which was at 60.9, according to <keyword id="22709468" type="General" weightage="20" keywordseo="Anand-Rathi-report" source="Orion">Anand Rathi report</keyword>. The Services PMI, recorded at 60.3 in July 2024, has consistently held above the 60-mark for seven consecutive months. This sustained performance is attributed to strong demand, increased investment in technology, and new business gains. The favourable <keyword id="877716" type="General" weightage="20" keywordseo="economic-conditions" source="Orion">economic conditions</keyword> and optimistic expectations for future output have driven one of the strongest increases in recruitment within the sector. The Manufacturing PMI placed at 58.1 in July, indicated strong expansionary trends, driven by buoyant demand and a notable increase in international sales. Producers responded to this demand by adding stocks at a sharp pace. Despite cost increases fueled by the strong demand for input goods, producers maintained their margins by raising selling prices. The sector saw continued hiring at one of the strongest rates, although the pace of job creation was slightly softer than in June 2024. Contrasting the domestic scenario, the global manufacturing outlook appears grim. In July 2024, the G-20 Manufacturing PMI fell below the 50-mark for the fourth consecutive month, indicating a contraction. The JPMorgan Global Manufacturing PMI slowed due to weaker growth in the United States and China, coupled with an ongoing downturn in the eurozone and Japan's entry into a contraction phase. Key issues identified included declining new orders and extended vendor lead times, pointing to supply-chain disruptions. Out of 32 countries surveyed, only 15 saw increases in their Manufacturing PMIs, with India showing the fastest growth. Looking ahead, domestic economic activity is anticipated to pick up, bolstered by improved weather conditions and increased government expenditure following recent elections. However, challenges remain due to weakening global growth and rising tensions in the Middle East, which could pose headwinds to domestic growth. The survey reported a significant rise in new work, considerably above the long-period average, and strong job creation across both the manufacturing and services sectors. Inflation, reaching an eleven-and-a-half-year high, coupled with rising input costs, has added pressure on businesses. The Services PMI stood at 60.3 and maintained its strong performance, driven by technology investments, robust demand, and new business gains. Notably, the sector experienced one of the strongest growths in new export orders since 2014, indicating a healthy international demand for services. The G-20 GDP-weighted Manufacturing PMI continued its downward trend for the fourth month, falling below the 50-mark in July. The JPMorgan Global Manufacturing PMI's slowdown reflects weaker growth in major economies such as the US and China, ongoing downturns in the eurozone, and Japan's contraction. Declining new orders and extended vendor lead times due to supply-chain disruptions have significantly impacted global manufacturing activity. Despite the global challenges, India's manufacturing sector remains resilient, expanding at the quickest pace among the surveyed nations. This resilience, coupled with strong domestic demand and favourable economic conditions, is expected to support continued growth in the coming months.

India's economic momentum stays strong with composite PMI at 60.7 in July 2024: Anand Rathi report

Prominent educator <keyword id="20147630" type="General" weightage="100" keywordseo="Anand-Kumar" source="keywords">Anand Kumar</keyword>, known for his <keyword id="20140865" type="General" weightage="20" keywordseo="Super-30" source="keywords">Super 30</keyword> programme, on Tuesday announced the '<keyword id="21246792" type="General" weightage="20" keywordseo="Super-10-Scholar" source="keywords">Super 10 Scholar</keyword>' list in partnership with <keyword id="21246793" type="General" weightage="20" keywordseo="JK-Lakshmipat-University" source="keywords" meta.keywordsubtype="org" meta.entityname="JK Lakshmipat University" meta.hostid="261" meta.entityid="JK Lakshmipat University">JK Lakshmipat University</keyword> (JKLU), an initiative of J.K. Organisation. As part of the partnership, Kumar will hand-pick 10 exceptional students who will be supported by JKLU for their undergraduate studies. The students will receive a comprehensive <keyword id="20233366" type="General" weightage="20" keywordseo="scholarship" source="keywords">scholarship</keyword> covering tuition fees and expenses for a 4-year B.Tech programme in Computer Science at JKLU if they meet the minimum eligibility criteria and other prerequisites. "In crafting the 'Super 10 Scholar' initiative, we aim to replicate the transformative impact witnessed through the 'Super 30' programme," said Kumar, a recipient of the <keyword id="100526" type="General" weightage="20" keywordseo="Padma-Shri-Award" source="Orion">Padma Shri Award</keyword>. "Just as 'Super 30' has empowered countless underprivileged students to excel in engineering, I believe the 'Super 10 Scholar' list will be a beacon of opportunity for these bright young minds. JKLU's commitment to nurturing the next generation of engineers is commendable and I'm honoured to be part of this initiative that will shape the future of our nation's technological landscape," he added. Kumar, whose life as a mathematics teacher and his educational programme of the 'Super 30' was captured in a biographical drama of the same name in 2019, encouraged students to pursue their dream of studying at the prestigious Indian Institutes of Technology (IITs) without succumbing to overwhelming pressure. "While clearing the JEE may not be feasible for everyone, there are always alternative pathways that can help you accomplish your dreams of studying at esteemed institutions like the IITs," Kumar noted. Kumar also encouraged students to approach their studies "with passion and determination, emphasising that success encompasses more than just exam scores; it also requires perseverance and a thirst for knowledge."

'Super 30' fame Anand Kumar launches 'Super 10 Scholar' initiative

The <keyword id="21388035" type="General" weightage="20" keywordseo="Chess-community" source="keywords">chess community</keyword> went into a frenzy as it hailed India's D <keyword id="19905851" type="General" weightage="20" keywordseo="Gukesh" source="keywords">Gukesh</keyword> as a potential "future world champion" after he etched his name in the history books by winning the prestigious Candidates tournament in Toronto. Gukesh drew with American Hikaru Nakamura in the final round to not only win the prestigious tournament but also become the youngest ever challenger to the world title at 17. Five-time world champion and the only other Indian to win the Candidates, the legendary <keyword id="20221790" type="General" weightage="20" keywordseo="Viswanathan-Anand" source="keywords">Viswanathan Anand</keyword> was one of the first people to congratulate the teenager. "Congratulations to @DGukesh for becoming the youngest challenger. The @WacaChess family is so proud of what you have done. I'm personally very proud of how you played and handled tough situations. Enjoy the moment," Anand wrote on 'X'. Gukesh had become the third youngest player in history to earn the Grandmaster title at the age of 12 and English grandmaster David Howell said he knew the prodigiously talented player would go on to do great things from the moment he played his first match against the Indian. "Congrats to Gukesh on winning the Candidates!! What a tournament I knew he was special ever since our first game. He was just 12 years old (but already a GM! ) While analysing, both his mature attitude and his calculation skills impressed me hugely. Future world champ?" Howell wrote. Former world champion and Grandmaster <keyword id="21388036" type="General" weightage="20" keywordseo="Vladimir-Kramnik" source="keywords">Vladimir Kramnik</keyword> of Russia congratulated Gukesh for his astounding performance. "What an evening Congratulations to Gukesh and special award for both Fabi, Ian for their incredible performance today. One of the most interesting games I ever saw. Bravo, REAL FIGHTERS, for giving it all. Most important, more than anything in chess in fact Full respect," Kramnik wrote. With the win, Gukesh bettered the legendary Garry Kasparov's 40 year-old record. The Russian great was 22 when he qualified in 1984 to clash with compatriot Anatoly Karpov. The Chennai-based teen will take on reigning world champion, China's <keyword id="20216378" type="General" weightage="20" keywordseo="Ding-Liren" source="keywords">Ding Liren</keyword>, for the crown later this year. Indian grandmaster Koneru Humpy, who finished second in the women's section, said "Congratulations to @DGukesh for becoming the youngest challenger!!" Another Indian Grandmaster Tania Sachdev said Gukesh's win shows that "furture is here." "GUKESH WINS THE CANDIDATES!! The future is here. It's today. 22.04.2024 a date to remember It's going to be Ding Liren vs Gukesh, World Chess Championship 2024" Sachdev tweeted. Dronacharya award-winning coach Ramachandran Ramesh lauded the Indian's inspiring run at the tournament. "Hearty Congratulations to young @Gukesh for convincingly winning the Candidates. Inspiring performance! Whole India is proud of you!" Ramesh tweeted. Meanwhile, Azerbaijani chess grandmaster Teimour Radjabov was left spellbound by the teenager's achievement. "@DGukesh congratulations, stunning! At any age, but at 17 years old... it is just WOW!" he wrote. SEE ALSO:<a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank">At 17, Indian chess prodigy D Gukesh becomes youngest challenger for World Championship</a><a href="https://www.businessinsider.in/business/telecom/news/telecom-companies-may-hike-tariffs-by-up-to-17-after-the-general-elections-as-per-analysts/articleshow/109240274.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/telecom-companies-may-hike-tariffs-by-up-to-17-after-the-general-elections-as-per-analysts/articleshow/109240274.cms" target="_blank">Telecom companies may hike tariffs by up to 17% after the general elections, predict analysts</a><a href="https://www.businessinsider.in/business/auto/news/ev-sales-expected-to-grow-by-over-65-in-2024-double-its-overall-market-share/articleshow/109155691.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/ev-sales-expected-to-grow-by-over-65-in-2024-double-its-overall-market-share/articleshow/109155691.cms" target="_blank">EV sales expected to grow by over 65% in 2024, double its overall market share</a>

The future is here: Chess community lauds Gukesh's historic win

<ul><li>The stock listed at ₹360, which is ₹41 below its issue price of ₹401.</li><li>Analysts had been worried that its listing would be affected by the small-cap stock crash.</li><li>The stock of J G Chemicals slipped 16% below the issue price on its debut on Wednesday. </li></ul>Rajkot-based namkeen maker <keyword id="20778208" type="General" weightage="20" keywordseo="gopal-snacks" source="keywords">Gopal Snacks</keyword> listed at a 10% discount to its issue price on Wednesday. The stock closed at ₹360, which is ₹41 below its issue price of ₹401. Its market capitalization is at ₹4,486 crore, as per the Bombay Stock Exchange. Gopal Snacks makes a wide variety of savoury snacks under the Gopal brand. Its portfolio has 84 products across 276 stock-keeping units. Low expectations and bad timing Analysts had been worried that the company’s listing would be affected by the small-cap stocks crash. Yesterday, the stock of J G Chemicals slipped 16% below the issue price on its debut, in line with a crash in the broader stock markets. “While considering subdued secondary market scenario and continued selling pressure seen in mid &amp; small caps spaces, Gopal may be the victim and listing can be on a flat to muted note,” said <keyword id="20226500" type="General" weightage="20" keywordseo="prashanth-tapse" source="keywords">Prashanth Tapse</keyword>, senior VP of research at Mehta Equities. Yet it has seen good subscription levels, and interest before the small stocks’ crash. A long-term prospect? The popular ghatia maker’s ₹650 crore initial public offer was subscribed nine times the shares on offer with good interest from institutional investors. It also raised ₹194 crore from anchor investors like DSP Mutual Fund, Quant Mutual Fund, IIFL Wealth &amp; Asset Management and more; ahead of the offer. “We believe this listing gives an opportunity to investors to accumulate the growth story for the long term. Hence, considering all the parameters we recommend allotted investors to ‘hold’ and those who missed and wish to add can accumulate it at any dip post listing for long-term perspective only," adds Tapse. The last few market debuts have given mixed <keyword id="428830" type="General" weightage="20" keywordseo="listing-gains" source="Orion">listing gains</keyword>, even ahead of the recent market correction. Here are the listing gains of the last few market debuts. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing gains </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">J G Chemicals </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-16% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharat Highways InVit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">R K Swamy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-13% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mukka Proteins </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">57% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Exicom Tele-Systems </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">87% </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Company overview Apart from ethnic snacks like namkeen and gathiya, Gopal Snacks also makes wafers, extruder snacks and snack pellets. It also manufactures other semi-perishable FMCG products like papad, spices, gram flour or besan, noodles, rusk and <keyword id="20952019" type="General" weightage="20" keywordseo="soan-papdi" source="keywords">soan papdi</keyword>. Its products are sold across 523 locations in ten states and two union territories. Gopal Snacks distribution network comprises three depots and 617 distributors. It operates six manufacturing facilities in India, two of the three primary manufacturing facilities located in Rajkot and Modasa in Gujarat and one in Nagpur, Maharashtra. It also has three ancillary manufacturing facilities located in Rajkot and Modasa. “Gopal Snacks enjoys a 31% share in the gathiya sub-segment within ethnic namkeens with eight varieties of gathiya. It is the second-largest ethnic snack manufacturer in competitive Gujarat and the fourth largest in India,” said <keyword id="20548750" type="General" weightage="20" keywordseo="anand-rathi" source="keywords">Anand Rathi</keyword> in its IPO note.

Bad timing? Gopal Snacks slips 10% below  issue price on debut day

Mumbai (Maharashtra) [India], February 29 (ANI): Power couple Ranveer Singh and Deepika Padukone are all set to embrace parenthood. The 'DeepVeer' are expecting their first child. On Thursday, the couple took to Instagram and shared the good news with their fans and followers. https://www.instagram.com/p/C36wUZJovqw/ The announcement image featured the baby's clothes, shoes and playful stuff. The image mentioned Deepika's delivery date, "September 2024." As soon as the news was shared, fans and industry members chimed in the comment section. Mom-to-be Richa Chadha wrote, "badhai." <keyword id="19933229" type="General" weightage="20" keywordseo="sonam-kapoor" source="keywords">Sonam Kapoor</keyword> commented, "Congratulations." Manish Malhotra posted, "congratulations." Angad Bedi commented, "Congratulations ennoy the best journey of life ever @deepikapadukone @ranveersingh ." <keyword id="20008375" type="General" weightage="20" keywordseo="sonakshi-sinha" source="keywords">Sonakshi Sinha</keyword> wrote, "Your best production yet!!!! So so happy for you both... congratulations." Ranveer-Deepika tied the knot on November 14, 2018, at Italy's Lake Como after dating for six long years and the duo never fails to shower love on each other on social media. They first met on the sets of Sanjay Leela Bhansali's romantic drama film 'Goliyon Ki Rasleela Ram-Leela' and later also starred in 'Bajirao Mastani' and 'Padmaavat'. On the work front, Deepika was recently seen in the aerial action thriller film 'Fighter' opposite Hrithik Roshan. Helmed by <keyword id="19910290" type="General" weightage="20" keywordseo="siddharth-anand" source="keywords">Siddharth Anand</keyword>, the film also starred Anil Kapoor, Karan Singh Grover and Akshay Oberoi in pivotal roles and received good responses from the audience. She will be next seen in the sci-fi action thriller film 'Kalki 2898 AD' alongside south actor Prabhas. Helmed by Nag Ashwin, the film also stars Amitabh Bachchan and will hit the theatres on May 9, 2024. Ranveer, on the other hand, will be seen reprising his role of Simmba in Rohit Shetty's cop drama '<keyword id="20032943" type="General" weightage="20" keywordseo="singham-again" source="keywords">Singham Again</keyword>', which also stars Deepika Padukone, actors Ajay Devgn, Akshay Kumar, <keyword id="19915804" type="General" weightage="20" keywordseo="tiger-shroff" source="keywords">Tiger Shroff</keyword> and Kareena Kapoor Khan. Ranveer will also headline Farhan Akhtar's 'Don 3.' 'Don 3' will arrive in 2025.

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