Post-election capital expenditure (capex) has been weak at 2 per cent year-on-year (Y-o-Y) in M9FY25. The FY25 revised estimates (RE) indicate 7 per cent growth in FY25 against FY24, implying 21 per cent Y-o-Y growth in Q4FY25 government capex.
"Based on this consensus, the process of disengagement is almost complete. Our efforts will be to take the matter beyond disengagement; but for that, we will have to wait a little longer," he added.
Delhivery share price dropped 6.6 per cent to a low of ?295.8 per share on the BSE on Monday after analysts cut their earnings estimate on the stock, following weak results for the December quarter (Q3) of the current financial year (FY25). Q3 is a seasonally strong quarter due to festive pick-up in demand.
Amid slogan shouting by Congress members, the House witnessed three adjournments.
'Unsurprisingly, Trump shared Modi's podcast with Fridman on his Truth account.' 'The intentions of Trump, a transactional president, are never easy to tell.' 'We will know in the next fortnight if and when he unfolds reciprocal tariffs on Indian goods, whether Modi's flattering words made any significant difference to Trump's compass,' notes Ambassador M K Bhadrakumar.
Disengagement of Indian and Chinese troops has started at two friction points in Demchok and Depsang Plains in the Eastern Ladakh sector, defence officials said.
Rajiv Kumar, the 25th chief election commissioner of India, has demitted office after a nearly three-year tenure marked by both electoral successes and allegations of bias from opposition parties. Kumar oversaw the 2024 Lok Sabha elections and the Jammu and Kashmir assembly polls, among other major elections. During his tenure, he implemented reforms across various aspects of the Election Commission's functioning, including structural, technological, capacity development, communication, international cooperation, and administration. However, he faced criticism from opposition parties and activists on several issues, including the efficacy of Electronic Voting Machines, alleged fudging of voter data, and being "lenient" on the ruling BJP. While the Commission responded to the allegations, Kumar often defended himself and the poll authority through poetry. In his farewell address, Kumar expressed concerns about the timing of petitions raising doubts over poll processes and the impact of freebie promises on the fiscal health of the state. He also criticized the practice of showing early trends on counting day by news channels, calling it "nonsense". Kumar's tenure was marked by numerous controversies, with opposition parties and activists alleging bias and irregularities. While the Election Commission defended its actions, the allegations cast a shadow over his time in office.
'The market's sharp decline recently has shaken the confidence of retail investors, leading to increased selling.'
As India faces slowing economic growth, HSBC Global Research has downgraded the Indian stock market outlook from "overweight" to "neutral". In a report, the global financial services firm said profits at India Inc appeared to have softened while valuations are elevated. After annualized growth of 25 per cent in recent years, profits appear to have softened while valuations are elevated at 23x forward earnings.
England previously faced Afghanistan at the 50-overs Cricket World Cup in 2023, as well as at the Twenty20 World Cup in 2022.
Union Minister Ashwini Vaishnaw has called for more stringent laws to curb vulgar content on social media platforms. Speaking in the Lok Sabha, the Information and Broadcasting Minister suggested that the Parliamentary Standing Committee should address the issue and emphasized the need for consensus on stricter legislation. Vaishnaw highlighted the lack of editorial checks on social media, leading to uncontrolled dissemination of vulgar content. He argued that while social media platforms provide a platform for press freedom, they require stricter regulations to address the proliferation of inappropriate content.
'Geopolitics will be the most important driver of financial markets in 2025.'
President's rule was imposed in Manipur on Thursday, with the state assembly put under suspended animation following the resignation of Chief Minister N Biren Singh. The decision came after months of ethnic violence that claimed over 250 lives. Singh's resignation was attributed to his handling of the violence and allegations of instigating conflict. The imposition of President's rule was met with a sense of hope by the Kuki-Zo community, who expressed distrust of the Meitei leadership.
Novelis' Q3FY25 volume stood at 904,000 tonnes (down 1 per cent Y-o-Y, down 4 per cent Q-o-Q), due to lower VAP and automotive shipments. Revenue stood at $4.1 billion (+4 per cent Y-o-Y, down 5 per cent Q-o-Q).
Hailed as the architect of India's economic reforms, former prime minister Manmohan Singh in one his last interviews had said in 2019 that the country's economy was 'over-regulated', the government exerted control and interferences were aplenty with even regulators having 'morphed into controllers'.
World Athletics (WA) had, in August this year, invited bids for the 2028 and 2030 editions of the championships and Coe said he is happy that India has joined the process.
Defence sources stated that the disengagement involves removing infrastructure and withdrawing troops from both sides. The process is expected to be completed by Tuesday.
Metropolis Healthcare (MHL) has decided to acquire a 100 per cent stake in Gurgaon-based Core Diagnostics for Rs 247 crore. This is about 2.2x FY24 (financial year 2023-24) enterprise value (EV)/sales and estimated 14x FY26 EV/Ebitda for the deal.
'Its nature changes, new types of jobs are created.' 'We need to invest in skilling and re-skilling our people for an AI-driven future,' Prime Minister Narendra Modi said in his opening speech at the AI Action Summit in Paris, co-hosted by India.
A leader of reserve and quiet dignity, former prime minister Manmohan Singh had a keen taste for Urdu verses, and his poetic banters with Bharatiya Janata Party leader Sushma Swaraj in the Lok Sabha are among the most viewed parliamentary debates on social media.
Recent documents by NITI Aayog and periodic labour force surveys on employment show that the importance of agriculture is rising in the Indian economy.
'Our vision is to become a GenAI managed services provider.'
ICC chairperson Jay Shah has been inducted into the newly formed World Cricket Connects Advisory Board, an independent group that will discuss the future of cricket at the Lord's on June 7 and 8.
Opposition MPs in India's Rajya Sabha staged a walkout on Wednesday after being disallowed to seek clarifications on a statement made by External Affairs Minister S Jaishankar on India-China relations. The minister, who had given an identical statement on the issue in the Lok Sabha a day earlier, addressed the Upper House of Parliament on Wednesday on India-China relations and also talked about the recent disengagement in Ladakh. Soon after his statement, opposition MPs wanted to seek some clarifications on the issue. Chairman Jagdeep Dhankhar did not allow it, resulting in an uproar in the House briefly.
Former Indian Prime Minister Manmohan Singh passed away on Thursday night at the age of 92. He was brought to the emergency department of AIIMS Delhi in critical condition after "sudden loss of consciousness."
'As a grand alliance, we contested the election together and are still together today'
Indian Hotels reported strong consolidated revenue growth of 29 per cent year-on-year (Y-o-Y) in the third quarter of the current financial year (Q3FY25), led by revenue per available room, or RevPAR, growth of 15 per cent. The average room rate, or ARR, was up 13 per cent and occupancy improved 120 basis points (bps) Y-o-Y on a standalone business. Like-for-like revenue growth was 15 per cent Y-o-Y, while TajSats (airline catering) grew by 18 per cent Y-o-Y.
The Supreme Court of India has ordered the burial of a pastor whose body has been lying in a mortuary since January 7th, after a dispute arose regarding the location of his burial. The court issued a split verdict, with one judge ruling for burial on the family's private land and the other for a designated place away from the village. The decision was made due to the prolonged delay in the burial and the potential for unrest. The court ordered the state government to provide security to prevent any further incidents.
'Bharat Small Reactors are essentially similar to the existing 220 MWe Pressurised Heavy Water Reactors. The existing regulations are applicable for BSRs.'
The time is ideal for a 'Dream Budget' akin to the 1991 reforms that sparked high growth and unlocked significant gains in productivity, points out Rajeswari Sengupta.
Despite the BJP-led Mahayuti alliance securing a massive victory, winning 230 seats in the 288-member assembly, consensus has eluded the ruling combine's leaders so far on who should be the next CM.
Dr Reddy's Laboratories (DRL) share price plunged 6.66 per cent to Rs 1,203.50 per share on the NSE during Friday after analysts remained cautious on the company's Q3 performance and differed on its growth outlook. DRL's Q3 performance was viewed as subdued by some analysts when they adjusted it for one-time grants and incomes that the company received during the quarter.
As the impasse over some seats for Maharashtra polls continues in the Maha Vikas Aghadi, Shiv Sena-Uddhav Balasaheb Thackeray leader Sanjay Raut on Saturday said if anyone needs the slogan 'Sabka Saath, Sabka Vikas', it has to be the opposition bloc.
Hitting out at Congress leader Vijay Wadettiwar for indulging in a blame game over the MVA's defeat in the state assembly, Raut said those who don't believe in consensus and compromise have no right to be in an alliance.
Maharashtra's caretaker Chief Minister Eknath Shinde, who took ill at his native village in Satara district, is recovering and will return to Mumbai on Sunday evening, an associate said.
The volume of new fund offerings (NFOs) in 2025 will fluctuate based on market conditions. However, innovation is expected to continue unabated. With an increasing number of fund houses aiming to establish a presence in the 'factor' investing space and changes in fund-of-fund taxation providing more opportunities, several industry-first offerings are anticipated.
Under his leadership, India launched the National Action Plan on Climate Change, passed the landmark Forest Rights Act to protect the rights of tribal communities and established the National Green Tribunal to safeguard the environment through swift legal action.
Although UltraTech Cement's results for the December quarter of the current financial year (Q3FY25) were not an improvement compared to Q3FY24, the company managed to surpass Street expectations. The company's profit attributable to the owners of the parent dropped 17.4 per cent year-on-year (Y-o-Y) to Rs 1,469.5 crore in Q3FY25 as against Rs 1,777 crore in Q3FY24.
China's Defence Ministry says the militaries of China and India are making "great progress" in implementing the disengagement agreement to end over four-year-long standoff in eastern Ladakh. Spokesman Sr Col Wu Qian said Defence Minister Rajnath Singh and his Chinese counterpart Admiral Dong Jun had a positive meeting in Vientiane, Laos, last week, and the two sides are implementing the settlement reached between the two counties. The two ministers agreed to implement the important consensus reached between the top leaders and promote stable relations between the two countries, the spokesman said.
Sharif, who is also the patron-in-chief of the Pakistan Cricket Board (PCB), also told Naqvi that it was not just about money and that the sentiments of the public should also be taken into consideration.
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