'Domestic investors are opening up to the idea of high-growth Internet companies as a pool of value creation.' 'They like the execution that they see with Zepto, and for us, that is the most important factor.'
The asset quality of microfinance portfolios worsened in the quarter ending June 2024 due to the impact of heatwaves on borrowers' incomes and collections, coupled with rumours of loan waivers, according to Sa-Dhan. Jiji Mammen, executive director and chief executive officer of Sa-Dhan, said loans with 90+ days past due (dpd) rose to 1.2 per cent in June 2024, compared to 0.9 per cent in June 2023. The 90+ dpd also increased from 1.16 per cent in March 2024.
The government needs to answer the critical question of whether it has accepted any restrictions on its infrastructure creation activities, asserts Ajai Shukla.
'Invest only in stocks of those companies that deliver on earnings and there is earnings visibility too for the next few quarters.'
The ICC Board of Directors meeting on Monday ended up being a damp squib after they failed to reach consensus over Shashank Manohar's replacement as the next chairman of cricket's global governing body.
Release of key macroeconomic numbers, monthly derivatives expiry, and global cues are likely to drive stock market movement this week, according to analysts. Markets will also be reacting to remarks made by the US Federal Reserve Chair Jerome Powell, they said. "This week, we expect the market to witness a gradual up-move with stock-specific action.
State-run Indian Oil Corporation (IOCL) reported a weak performance in the fourth quarter of FY24 (January-March 2024), and the turmoil in the energy market indicates it could endure another lacklustre quarter. The oil marketing company (OMC) reported an Ebitda of Rs 10,400 crore, down 27 per cent year-on-year (Y-o-Y) due to weak reported gross refining margin (GRM) of $8.4 per barrel in Q4FY24, which was almost half the consensus expectation of $15 per barrel.
'The expeditious enactment of labour codes and strategic measures to bridge the skills jobs gap are critical.'
Maharashtra Bharatiya Janata Party chief Chandrashekhar Bawankule has said his party will throw more weight behind its Mahayuti partners Nationalist Congress Party and Shiv Sena in the upcoming state polls and denied reports of a 'friendly fight' proposal for seats where there is a tussle among allies.
The government on Thursday said it wants the Lokpal Bill to be tabled in the Rajya Sabha after evolving consensus among the political parties. "We would like the Bill to come to the Rajya Sabjha only after there is a consensus. If the Bill is brought and then consensus is sought in the House, it would lead to certain problems," Law Minister Salman Khurshid told reporters outside Parliament House.
Former India head coach Rahul Dravid on Wednesday said the support staff strived to carry the energetic "team atmosphere" from the ODI World Cup in 2023 to the T20 showpiece, and the approach helped the team to end a barren run in ICC tournaments.
The ruling National Democratic Alliance (NDA) is open to the idea of having a deputy speaker in the Lok Sabha, sources said on Thursday, stressing that a call on the matter will be taken later.
The Left, which provides crucial outside support to the ruling Congress-led UPA, has threatened the government with mid-term polls if the talks with IAEA for the implementation of the Indo-US deal continue beyond December.
The opposition Indian National Developmental Inclusive Alliance (INDIA) is unlikely to contest the Lok Sabha Speaker's post and the National Democratic Alliance nominee is likely to be elected unopposed, sources said Tuesday ahead of filing of nomination for the key post.
India on Saturday pulled off a big diplomatic win after the G20 summit adopted a consensus declaration overcoming major differences on the Russia-Ukraine war.
In their first structured bilateral talks in nearly five years, Prime Minister Narendra Modi and Chinese President Xi Jinping Wednesday agreed that India and China can have a 'peaceful and stable' relationship by displaying maturity and mutual respect and endorsed the pact on the resolution of the dragging eastern Ladakh border row.
The annual Quad summit at President Joe Biden's hometown Wilmington is expected to roll out a series of new initiatives to boost cooperation in the Indo-Pacific and explore ways to find peaceful solutions to the conflicts in Ukraine and Gaza.
A NCP source said his party is claiming Aurangabad, Pune, Yavatmal from the Congress quota since it was "better placed to win".
Ahead of talks between the Sri Lankan government and the Liberation Tigers of Tamil Eelam, India Friday pitched for consensus among the island nation's main political parties to salvage the fragile truce.
Prior to the meeting of over 110 world leaders at the climate change conference, Singh is scheduled to meet with his Chinese counterpart Wen Jiabao in a bid to consolidate position of the developing countries for the plenary.
Prime Minister Narendra Modi will not address the annual debate at the United Nations General Assembly session later this month, according to a revised provisional list of speakers issued by the UN.
Electrical Consumer Durable (ECD) companies like Havells India have seen strong Q4FY24 sales and continuing seasonal demand across fans, air coolers, and room air conditioners (RAC) in addition to business-to-business sales of cables, switchgear, and professional lighting, among others. Havells India's Q4FY24 revenue rose 12 per cent year-on-year (Y-o-Y) to Rs 5,400 crore, in-line with consensus. Strong summer demand led to robust volume growth in fans and RAC and volume growth in cable and wires (C&W) due to infrastructure spending and real estate activity.
'So, we would work with our members to ensure that we as an SRO create some sort of due diligence for fintechs.'
Her comments come a day after External Affairs Minister S Jaishankar said in Geneva that roughly 75 percent of the "disengagement problems" with China are sorted out but the bigger issue has been the increasing militarisation of the frontier.
The Republicans' call came against the backdrop of the climate gate scandal, wherein hackers gained access to documents of the climate research centre of the UK-based East Anglia University and leaked confidential data, including thousands of e-mails and documents between scientists in UK and US over the past 10 years which led to accusations that researchers had exaggerated the crisis.
Sources familiar with the developments say the growing consensus in the committee set up to find a successor to chairman Ratan Tata is that an internal candidate should be the preferred option.
Abdullah said they are claiming that terrorism is over but the ground situation shows that it has increased in otherwise peaceful Jammu region.
The minister is on a two-day visit to Russia for India-Russia Business Dialogue, held under the umbrella of the St Petersburg International Economic Forum 2012.
Following the disengagement, both sides will soon start the coordinated patrolling in their respective areas, sources added.
UPA presidential nominee Pranab Mukherjee on said a large number of non-UPA parties have extended support to him and this reflects a broad consensus on his candidature for the top Constitutional post.
Dixon Technologies' January-March quarter (Q4) results came in well below expectations, but the potential for signing up a new mobile client, and plans for backward integration into display manufacturing kept investors happy. Dixon's Q4FY24 revenue grew 52 per cent year-on-year (Y-o-Y) to Rs 4,660 crore, below Street consensus, due to weakness in consumer electronics (Rs 890 crore) and home appliances (Rs 294 crore) segments.
'Bangladesh has become unstable and this instability will impact India.'
The war and Modi's recent visit to Ukraine is expected to figure prominently in the bilateral meeting, according to US National Security Adviser Jake Sullivan.
Some political parties are not willing to accept the constitutional amendment bill seeking 33 per cent reservation for women in the Lok Sabha and state assemblies in its present form.
Defence exports grew 33 per cent in the calendar year 2023 (CY23) to around Rs 21,083 crore while domestic defence orders serviced by listed companies were Rs 48,000 crore. The sector is poised for steady growth. Budgeted domestic capex is likely to hit Rs 3 trillion per annum, and exports could reach $6 billion by FY29.
IPL's Governing Council will have a meeting with the owners of all 10 franchises in Mumbai on Wednesday to discuss the various key issues of this year's players auction.
Prime Minister Narendra Modi is deeply concerned by the war in Ukraine and his meeting with President Volodymyr Zelenskyy in New York demonstrates his commitment to finding a way forward and contributing in any way possible to a resolution of the conflict, Foreign Secretary Vikram Misri said.
Head of the United Nations International Labour Organisation has told the International Monetary Fund and the World Bank to join hands to combat global economic crisis. He said a multilateral consensus, on a wide range of issues ranging from widening income gaps to climate change bringing together rich and poor countries, employers and employees, is needed. IMF forecasts have projected that global growth could drop below the point that is equivalent to a global recession.
'The consensus was that the debate was between looking backward and looking forward.' 'Trump, with his great enamourment of his own 'achievements,' was obviously looking backward, while Harris, nearly 20 years his junior, was focussing on the future, with hope,' notes Shreekant Sambrani.
Commerce and Industry Minister Kamal Nath has said that a broad political consensus was necessary on the deal. Nath pointed out that it was because of this consensus that economic reforms have continued despite changes in governments and prime ministers. He said that it needs to be looked more as an energy deal rather than nuclear deal. To ease the tight power situation, he said India is looking for clean coal technology as also alternative sources of energy.
