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ICC scraps boundary count rule that cost New Zealand World Cup 2019

ICC scraps boundary count rule that cost New Zealand World Cup 2019

International Cricket Council (ICC) on Monday scrapped the boundary count rule and in case of a super over tie there will be a repeated super over until one team has more runs than the other.

Following on from a recommendation from the ICC Cricket Committee, the Chief Executives' Committee agreed that the use of the super over as a way to decide results at ICC events will be retained.

Unmoved by defections and criticism, Facebook officially launches Libra

Unmoved by defections and criticism, Facebook officially launches Libra

Facebook officially moved forward with its plans Monday to create a new digital currency called Libra, despite several high-profile defections from the project and intense criticism from US regulators and politicians.

The Libra Association, the nonprofit that will govern the currency, officially signed on 21 charter members on Monday at the organization's inaugural meeting in Geneva.

Economics Nobel celebrates laureates for asking the right questions

Economics Nobel celebrates laureates for asking the right questions

There was a time when development economists struggled to win Nobel Prizes. I was at college in New Delhi when Amartya Sen received the award in 1998 and the reaction was electric: Sen was the first development economist to win in my lifetime, and certainly the first who had spent a career thinking about welfare and poverty. That award was one of the reasons I stuck to economics after graduating.

Sourav Ganguly set to take over as BCCI president

Sourav Ganguly set to take over as BCCI president

The Board of Control for Cricket in India is for the first time in its 91-year history poised to have a former India captain as its president when the much delayed annual general meeting takes place in Mumbai on October 23.

According to The Telegraph’s sources, Sourav Ganguly is set to become the board chief following high drama at the Trident in Mumbai on Sunday evening.

ICICI Bank’s new FD scheme: Fixed deposit with critical illness insurance cover

ICICI Bank’s new FD scheme: Fixed deposit with critical illness insurance cover

Private sector lender ICICI Bank today launched of FD Health, a fixed deposit (FD) offering the dual-benefit of investment growth via FD and protection through a critical illness coverage. For investors in FD Health, ICICI Bank will offer the insurance cover free of cost for the first year and thereafter, they can renew it.

Yes Bank, Indiabulls Housing are different peas stuck in same pod

Yes Bank, Indiabulls Housing are different peas stuck in same pod

A year ago, before the liquidity crunch manifested for non-banking financial companies (NBFCs), Yes Bank Ltd’s market capitalization was 1.5 times that of Indiabulls Housing Finance Ltd. Today, that difference has narrowed quite a bit as the adjoining chart shows.

Both the lenders have seen a massive erosion in their market value, but Yes Bank’s pain has been deeper.

As capacity additions gather steam, fuel supply concerns emerge at NTPC

As capacity additions gather steam, fuel supply concerns emerge at NTPC

Over the past month, shares of NTPC Ltd have remained powerless, down about 7%. The company said last week that it added 1,320 megawatts (MW), which takes it closer to its annual capacity target of 5,000MW. The capacity additions augur well, though, and the firm’s regulated business model assures a fixed return on invested equity.

Sensex, Nifty a tad higher as demand slowdown concerns kept gains in check

Sensex, Nifty a tad higher as demand slowdown concerns kept gains in check

Mumbai: After a volatile opening, Indian markets on Monday rose nearly 0.5% led by gains in energy, auto and banking stocks. Sentiments were also improved after signs of progress in US-China trade negotiations.

At 12.12 pm, the benchmark Sensex Index rose 0.5% to 38306.29 points while Nifty advanced 0.5% to 11361.60 points.

Infosys shares slide despite in-line Q2 earnings

Infosys shares slide despite in-line Q2 earnings

The second quarter performance of Infosys were in line with estimates but shares declined 2.4% in early trade. Infosys, which reported Q2 earnings after market hours on Friday, also raised the low end of its revenue forecast for the year on upbeat demand for its digital services.

Rupee rises 28 paise to 70.74 against USD in early trade

Rupee rises 28 paise to 70.74 against USD in early trade

The Indian rupee appreciated by 28 paise to 70.74 against the US dollar in early trade on Monday as gains in domestic equity market and positive developments on the US-China trade talks front strengthened investor sentiments.

At the interbank foreign exchange the rupee opened at 70.83, then gained further ground and touched a high of 70.74, registering a rise of 28 paise over its previous close.

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