As the Indian equity markets scale a new high, the gap between stock prices and the underlying corporate earnings has widened to its highest level in more than 30 years. At its current level, the benchmark BSE Sensex has run up nearly 31 per cent more than the growth in its underlying earnings per share (EPS) in the past 20 years. Most of the divergence between share prices and underlying earnings growth occurred in the past 10 years.
India's T20 World Cup campaign begins on June 5 against Ireland at the newly constructed Nassau County International Cricket Stadium in New York.
Joginder Tuteja looks at actresses who have more than five 100 Crore Club movies to their credit.
Byrnihat in Meghalaya topped the list of most polluted cities in India in 2023, closely followed by Begusarai in Bihar and Greater Noida in Uttar Pradesh, according to a report released on Wednesday.
Fintech firm One97 Communications, which owns the Paytm brand, on Wednesday said its loss in the fourth quarter of the financial year 2023-24 has widened to Rs 550 crore following the ban imposed by the RBI on transactions related to its payments bank. The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing. "Our fourth quarter FY24 results were impacted by temporary disruption on account of UPI transition etc. and permanent disruption because of the PPBL embargo.
India's third largest IT company HCL Technologies on Friday reported a flat year-on-year growth in net profit in the March quarter at Rs 3,986 crore. However, the company posted an 8.4 per cent decline in net profit on a sequential basis, amid rising employee cost and tightening IT spends around the world. The company described the performance as "decent" in view of the global macroeconomic conditions.
Baba Indrajith helped himself to a fine hundred while another senior campaigner Vijay Shankar scored a half-century as Tamil Nadu cruised into the semi-finals of the Vijay Hazare Trophy.
David Bedingham scored his maiden Test century as South Africa handed New Zealand a victory target of 267 on a tricky pitch on the third day of the second and final Test.
On the back of robust tax collection, the ratio of direct taxes to gross domestic product (GDP) this financial year is likely to be the highest in this century so far. This, along with strong goods and services tax (GST) collection, may drive up receipts from central taxes as a proportion of GDP to the highest level or close to the highest since 2008-09 despite subdued excise and customs duty receipts. This will be due also to lower nominal GDP projected in the first advance estimates for 2023-24.
With declared assets worth over Rs 600 crore, Chennur Congress candidate G Vivekananda is the richest politician contesting in the November 30 assembly polls, followed by P Srinivas Reddy from the same party with over Rs 460 crore.
Scotland stunned Ireland as Oman beat UAE in the ICC ODI World Cup Qualifiers.
With Tiger 3, Salman Khan has scored yet another movie in the Rs 100 Crore Club (Rs 1 billion).
The ICICI Prudential Life Insurance Company's net premium income in the third quarter (October - December) of the current financial year (Q3FY24) swelled by 4.9 per cent year-on-year (Y-o-Y) to touch Rs 9,929 crore. Income from investment rose 111.3 per cent Y-o-Y to touch Rs 16,315 crore. The Annual premium equivalent (APE), and new business premium (NBP) increased by 4.8 per cent Y-o-Y. Both declined 7.5 per cent and 5.6 per cent respectively, quarter-on-quarter (Q-o-Q).
The duo were snapped laughing about something as youngster Shivam Dube stood around listening to the conversation.
There is very little chance that Rajat Patidar will make it to the playing eleven during India's opening Test against England unless the hosts decide on going a bowler short.
While 221 Indian pilgrims died during the Haj in 2007 due to natural causes, six others were killed in road accidents.
Out-of-favour India opener Prithvi Shaw returned to form in style with a 153-ball 244 for Northamptonshire in England's One-Day Cup tournament against Somerset in Northampton on Wednesday.
On Day 1, the film emerged as the biggest Bollywood opener of all time by clocking an astonishing Rs 57 crore.
After England tore the prediction books for an epochal 28-run victory in Hyderabad in the first Test, India now find themselves in a tight space, mentally and technically, ahead of the second match starting in four days in Visakhapatnam.
Among the political parties, the Pakistan Muslim League-Nawaz (PML-N) emerged as the largest party, winning 227 seats, followed by the Pakistan Peoples Party (PPP) with 160 seats.
A belligerent century from India all-rounder Shivam Dube brought Mumbai back into the contest against Uttar Pradesh.
The chemicals sector's recovery could be delayed until FY25 if the current trends of weak demand and flat pricing continue. Following a subdued September quarter, the revenue and profit performance of listed chemicals companies are anticipated to fall short of initial expectations of an improvement. Despite some price stability, the demand trajectory remains uncertain.
Markram ton and spin twins see South Africa to ODI win over Australia
The bench, which also comprised justices AS Oka, JB Pardiwala, Pankaj Mithal and Manoj Misra, pronounced two separate but concurring judgements in the matter.
India and Australia will battle it out for supremacy in the ICC U19 Men's Cricket World Cup final on Sunday in Benoni. Check out Australia's road to final.
Left-arm spinner Shams Mulani grabbed a match haul of 10 wickets as Mumbai defeated Andhra by 10 wickets to secure a successive bonus-point victory in the Ranji Trophy in Mumbai on Monday.
The Maharashtra cabinet led by Chief Minister Eknath Shinde on Wednesday reversed the previous MVA government's decision to increase the number of municipal wards in Mumbai from 227 to 236, an official release said.
Liam Livingstone smashed his second half-century in two games as England claimed a 79-run win over New Zealand in the rain-affected second ODI.
Meet Sameer Rizvi, Kumar Kushagra, Shubham Dubey and Robin Minze.
Narayan Jagadeesan followed up his double ton in the previous game with a magnificent triple century to help Tamil Nadu declare their first innings
The board of Religare Enterprises Ltd (REL) has rallied behind its embattled chairperson Rashmi Saluja, saying she had turned around the financial services company whose market cap has increased to about a billion dollars from under $100 million in March 2018. The board -- which is fending off an Rs 2,200 crore open offer by the Burman family -- said accusations had not only targeted Saluja but the entire Religare management that has made Religare debt free. "Our story has been one of resurgence under the guidance of the Board of Directors led by Saluja, executive chairman.
Images from Day 3 of the second Test between India and England in Visakhapatnam on Sunday.
In separate letters to the speaker, Congress leader Adhir Ranjan Chowdhury, Supriya Sule of the NCP, DMK leader Kanimozhi and TMC's Aparupa Poddar said what had happened with Ali is unfortunate and that action should be taken against Bidhuri.
The skeet team, comprising Angad Vir Bajwa (121), Anant Jeet Singh Naruka (120), and Gurjoat Khangura (115), finished in 14th place with an overall score of 356.
Smarting from their nine-wicket thrashing by New Zealand in the tournament opener, England amassed 364-9 after their top order fired with Malan forging century-plus partnerships with Jonny Bairstow (52) and Joe Root (82).
Capital expenditure (capex) by 54 large central public sector enterprises (CPSEs) and five departmental arms with an annual capex target of Rs 100 crore and above has reached around 42.5 per cent of their annual target of about Rs 7.33 trillion in this financial year so far, a senior official from the Ministry of Finance told Business Standard. "The Centre is pushing the big public undertakings in the infrastructure and refinery sector to achieve 90 per cent of their target by the end of the third quarter," he said. The capex by this group of CPSEs stands at around Rs 3.1 trillion in the April-August period so far.
Corporate earnings got a big boost from the fall in commodity and energy prices in July-September 2023 (Q2FY24) despite a slowdown in revenue growth during the quarter. The combined net profits of 3,123 firms that have declared their results so far were up 38 per cent year-on-year (Y-o-Y) to Rs 3.07 trillion in Q2FY24, up from Rs 2.24 trillion a year ago. Earnings were, however, down 3.5 per cent on a sequential basis from Rs 3.18 trillion in April-June (Q1) FY24.
Vidarbha opener Atharva Taide struck his third first-class century and his second of the ongoing Ranji Trophy season
Billionaire Mukesh Ambani's Reliance Industries Ltd is the most valuable private company in the country, as per Hurun India's 2022 Burgundy Private Hurun India 500 list. The list, which was released on Tuesday, stated that with a value of Rs 16.4 lakh crore, Reliance is India's most valuable company, followed by Tata Consultancy Services (TCS) with Rs 11.8 lakh crore and HDFC Bank with Rs 9.4 lakh crore. Reliance is also the highest taxpayer with a payout of Rs 16,297 crore and the most profitable company with a bottomline of Rs 67,845 crore in 2022-23.
Civic polls in Mumbai are to take place in late March or early April.
