'It makes sense to have gold in one's portfolio keeping the political and economic risks of 2024 in mind.'
'Another term for the government under the prime minister would likely be a step forward on the path to Hindu Rashtra.' 'No question of going back or any slowing down.'
Stating that the United Progressive Alliance government was committed to the welfare of minorities, Prime Minister Manmohan Singh, in a letter to Jamiat Ulama-I-Hind, said there was a need to create "broad-based national consensus on the issue of reservations to the Muslim community."
The G20 declaration, which hit snags on the language to describe the Ukraine war, amounted to a 'coup' for host Prime Minister Narendra Modi though the final compromise statement reflected a stand far softer than those the United States and its Western allies have adopted on Russia, the world media said on Sunday.
The Congress on Monday said it welcomed the reported move as the party has been raising the demand for long.
Consensus eluded an all-party meeting called on FDI issue on Monday even as Samajwadi Party and Bahujan Samaj Party provided comfort to the government by not insisting on voting and Trinamool Congress springing a surprise by speaking in a similar tone.
Among the Sensex firms, Axis Bank, Power Grid, Maruti, State Bank of India, Tata Motors, ITC, Nestle and Mahindra & Mahindra were the major gainers. Bajaj Finance and Larsen & Toubro were the laggards.
Kakar, a lawmaker belonging to Balochistan Awami Party (BAP), will lead a caretaker government until a new election later this year.
Asking political parties to shun differences over user charges for electricity, the prime minister said there should be a 'broad consensus' on energy policy to attract new investment for sustaining over 7% economic growth.
Government announcements for the building of new roads, railways, and other capital expenditure (capex) projects may have hit an all-time low, according to numbers for the December quarter.
Holding simultaneous elections to Lok Sabha and state assemblies would need at least five constitutional amendments and a large number of additional EVMs and paper-trail machines costing "thousands of crores of rupees", but will yield a huge long-term saving to the public exchequer, officials said on Friday.
Sometimes in politics the best becomes the enemy of good, the prime minister said.
After a sharp fall in the share prices of HDFC Bank and other private sector lenders in the past three days, the BFSI (banking, financial services and insurance) sector weighting in the Nifty50 has slipped to a seven-year low of 32.03 per cent, down from nearly 36.6 per cent at the end of March 2023 and 34.5 per cent at the end of December 2023.
The government on Monday said that it was working towards a consensus on the issue of nominating a candidate for the Presidential polls expected to be held in July this year.
The silver lining for India's presidency is likely to be the support by almost all G20 countries to its proposal to include the African Union as a permanent member of the bloc that has emerged as perhaps the most influential multilateral forum after the United Nations.
India has urged caution and consensus-building among Nepal's political parties so that the nation does not get further sucked into political uncertainty due to the events in the past few days, with the latest being the resignation of Prime Minister Pushpa Kamal Dahal (Prachanda) after President Ram Baran Yadav asked Army chief General R Katawal to stay on despite Prachanda's move to replace General Katawal.
In the October-December quarter (Q3) of FY24, Hindalco reported flat consolidated revenue year-on-year (Y-o-Y) at Rs 52,800 crore. Copper revenue rose due to higher shipments and better Average Selling Price (ASP). Revenue from the aluminium vertical and Novelis declined 3 per cent and 6 per cent Y-o-Y, respectively.
India on Saturday pulled off a big diplomatic win after the G20 summit held under its presidency adopted a consensus declaration overcoming major differences on the Russia-Ukraine war, as Prime Minister Narendra Modi called for ending the "global trust deficit".
Tata Power saw a big sell-off, with the stock falling almost 8 per cent after declaring disappointing results for the October-December quarter (Q3) of 2023-24 (FY24) on Friday evening. The company reported net consolidated revenue of Rs 14,650 crore, up 4.4 per cent year-on-year (Y-o-Y), and earnings before interest, tax, depreciation, and amortisation (Ebitda) of Rs 2,607 crore, up 2 per cent Y-o-Y, in the quarter, led by higher sales across Odisha distribution companies (discoms) and capacity addition in renewables. This was well below consensus estimates.
Some Ukrainian athletes see their nation's current blanket ban on competing against Russians and Belarusians -- regardless of the flag athletes from those two countries compete under -- as a self-inflicted wound damaging sports stars' careers.
The Congress on Monday backed Prime Minister Manmohan Singh's insistence on a consensus to solve the issue of a separate Telangana state saying the vexed matter "cannot be decided in distress."
Leaders of a number of opposition parties on Tuesday met twice after which they decided to put up a united fight for the post.
While most European countries are backing Lagarde, the developing countries are trying to build a consensus on nominating a person from the emerging nations as the next IMF chief.
The government may not be able to put in place the Digital India Act, which aims to replace over 23 years old IT Act 2000, before the next general election, as there is not much time left for extensive consultation, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. While speaking at the Global Technology Summit 2023, the minister, however, said the rules for the Digital Personal Data Protection Act will be out later this month for consultation and are expected to be notified by the end of December or early January. Chandrasekhar said the existing IT Act doesn't even have the word internet, and there is a consensus that it can be safely superseded and replaced.
As Ravichandran Ashwin achieved the milestone 100th Test in Mohali, everyone had their lists of his best bowling feats. But Ashwin's finest cricketing moment was probably when he and Hanuma Vihari battled inhuman injury to draw the Sydney Test against Australia after India were bowled out for 36 in the first Test at Adelaide.
The biggest question looming over the summit is whether there will be a joint leaders' declaration in view of the sharp differences between the West and the Russia-China combine on the text to describe the Ukraine conflict in the document.
The sharp jump in shares of Kalyan Jewellers (Kalyan) has surprised many on the Street; however, analysts believe more steam could be left in the stock as the Thrissur-based gold retailer pivots to a new asset-light network expansion model. Kalyan's stock has surged 62 per cent in the past month, even as the S&P BSE SmallCap Index has gained just 5 per cent. In its latest business update, the company said its consolidated sales grew more than consensus expectations at 31 per cent year-on-year, led by strong domestic sales regardless of the volatility in gold prices.
The crucial unified headquarters meeting that had been convened in J&K winter capital Jammu on Wednesday evening to discuss partial removal of the Armed Forces Special Powers Act (AFSPA) ended without any consensus.
The world, he said, needs to move towards a transparent and flexible market for both oil and gas.
Foreign portfolio investors' (FPIs') net investments in the domestic debt market surged in December, marking a 77-month high, that is, since July 2017. According to market participants, this significant uptick in FPI inflows can be attributed to the post-domestic policy outcome and the US Federal Reserve's dovish stance at the December policy. FPI inflows into debt stood at Rs 18,393 crore in December against Rs 14,106 crore in November, according to data on the National Securities Depository Limited.
The Communist Party of Nepal-Maoist, Nepali Congress, CPN-UML and Madhesi People's Rights Forum (MPRF) at a meeting held Monday night agreed in principle to form a coalition government under the leadership of former rebels, NC spokesman Arjun Narsingh Khatri Chhetri said.
Former Jammu and Kashmir chief minister Mufti Mohammad Sayeed has stated that there is a need for evolving a general consensus among various political parties at the national level to resolve the Kashmir issue. Mufti said, "Strengthening of democratic institutions and emergence of a strong civil society is a good sign and the country has to respond to the prevailing positive atmosphere in the region'.
Global trends, macroeconomic data, and the outcome of the US Fed policy meeting are the major factors that will drive the movement in the domestic equity markets this week, analysts said. "In the upcoming data-centric week, the focus will be on crucial releases, including inflation data from India and the US. "Indian inflation is expected to rise, while US inflation will remain steady.
Shehbaz, 72, who was the consensus candidate of the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP), received 201 votes, 32 more than what was required to become leader of the House in the 336-member Parliament.
The Bilawal Bhutto-led Pakistan Peoples Party which won the third largest number of seats in the National Assembly in the elections appears to be split on whether to join a coalition government or sit on Opposition benches.
"I don't rule out the possibility of finding a consensus. It depends upon what steps the government takes. After all, it is not a one-issue or a one-party government but a coalition," said CPI General Secretary A B Bardhan. Bardhan accused the United States of rushing its high officials and diplomats to India to "pressurise the government and the BJP" to go ahead with the deal. "Some times there are allurements, sometime threats and sometime blackmail," Bardhan said
Titan's October-December quarter (Q3) business update claims 22-23 per cent revenue growth in the standalone jewellery sales (excluding bullion sales), implying a 4-year compound annual growth rate (CAGR) of 21.3 per cent. Store additions also looked healthy, with 21 new Tanishq stores opened in Q3, taking the total count to 466 (+43 in 9 months of FY24) including two in the US and one in Singapore. Titan added 90 stores in Q3, pushing its total retail outlets to 2,949 (including CaratLane).
The UPA government had been under tremendous pressure for not even listing the Women's Reservation Bill during the current session of Parliament.
Seeking a political consensus on labour reforms, Deputy Prime Minister L K Advani said on Tuesday that education, health and national security would have to be given enhanced priority to meet growing economic challenges.\n\n\n\n
Most market analysts are expecting the momentum to shift towards 'quality' and 'growth' stocks in 2024 after the outperformance of 'value' stocks over the past three years. 'Value' stocks are generally well-established companies with steady profits that are trading at a discount to what they are intrinsically worth. Companies in sectors such as commodities, industrials, commercial vehicles and public sector units (PSUs) fall in this bracket.
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