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The Indian mobile gaming market, one of the fastest expanding markets in the world, is expected to grow to USD 571.6 million by 2016, said a research by Newzoo and OneSky. "The Indian mobile gaming market will grow to USD 571.6 million by 2016 at 134.5 per cent compounded annual growth rate (CAGR) between 2013-2016 (from about USD 44.3 million in 2013)," Newzoo-OneSky estimated. (PTI Graphics)
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Overseas investors have pulled out more than Rs 14,000 crore from the Indian capital markets in May, making it the first month of net outflows in nearly two years. The debt market has seen steeper outflows than equities. The net outflow by Foreign Portfolio Investors (FPIs) from equities stood at Rs 5,768 crore in May, while the same for the debt markets was at Rs 8,504 crore taking the total to Rs 14,272 crore (USD 2.23 billion), according to the latest data from depositories. (PTI Graphics)
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The combined market valuation of top seven Sensex companies fell by Rs 33,988 crore in the past week with Sun Pharmaceutical, RIL and HDFC emerging as the biggest losers. While TCS, RIL, ITC, Sun Pharma, Infosys, SBI and HDFC witnessed erosion in their valuation, ONGC, HDFC Bank and CIL made gains. The market capitalisation (m-cap) of Sun Pharma slumped Rs 9,035.89 crore to reach Rs 2,32,394.56 crore. (PTI Graphics)
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Snapping its four-day falling run, gold prices recovered by Rs 55 to trade at Rs 27,330 per ten grams at the bullion market on revival of buying by jewellers at prevailing lower levels amid a better global trend. However, silver fell by Rs 175 to Rs 38,575 per kg owing to reduced offtake by industrial users and coin makers. (PTI Graphics)
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In his battle against militant Islam, Egyptian President Abdel Fattah al-Sisi is relying not just on bomber planes and soldiers but on white-turbaned clerics from Al-Azhar, Egypt's 1,000-year-old centre for Islamic learning. He wants clerics to counter radicalism in the classroom. In a televised speech in January at an Al-Azhar conference centre in Cairo, Sisi called for "a religious revolution" in Islam. Radicalised thinking, he told the audience of Islamic scholars, had become "a source of anxiety, danger, killing and destruction for the rest of the world." (Reuters Graphics)
US-India trade tensions: Amazon, Apple, Netflix, Google and Meta make big hirings in India
