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.
Bihar Chief Minister Nitish Kumar was an experienced leader and it would be great if a proposal came to make him the convenor of the Indian National Developmental Inclusive Alliance (INDIA), his deputy Tejashwi Yadav said on Wednesday.
The Union government is projected to share about 32 per cent of central taxes with states during the financial year 2024-25 against the 15th Finance Commission's recommendation of 41 per cent. The Revised Estimates (RE) for FY24, too, show a similar share of states in the central taxes at 32 per cent. In absolute terms, however, there has been an increase in the amount devolved to states compared to the Budget Estimates (BE) for FY24 at Rs 11 trillion.
Leaders of the West Bengal Congress unit, which has an alliance with the CPI-M-led Left Front in the state, were seen welcoming the Left leaders.
UltraTech Cement's third quarter of financial year 2023-24 (Q3FY24) performance saw a combination of 6 per cent year-on-year (Y-o-Y) volume growth and 8 per cent revenue growth coupled with better realisations per tonne. The earnings before interest, taxes, depreciation, and amortisation (Ebitda) stood at Rs 3,250 crore and Ebitda per tonne was Rs 1,191. Profit after tax (PAT) was reported at Rs 1,780 crore. Other income dipped and interest costs rose.
The Congress has "consensus" over the leadership of Rahul Gandhi as its prime ministerial candidate, a party spokesperson said on Monday amid speculation that he may be anointed as the party nominee at the All India Congress Committee meeting being held in New Delhi on January 17.
The Street's optimism on India's largest listed automotive maker by market capitalisation is not misplaced, given the robust wholesale performance in recent months and the strong 2023-24 (FY24) October-December (Q3) results.
The leaders of the two parties discussed the possibilities of seat sharing but did not divulge any details.
Morgan Stanley has increased the target prices of certain information technology (IT) stocks by as much as 29 per cent, anticipating an improvement in earnings in the near future. Within the IT and engineering research and development (ER&D) services sector, it is now more optimistic about growth and margin estimates for 2024-25 (FY25).
PVR-Inox is in an inherently fickle business. If there is a string of flops, the box office collections will be weak. Conversely, Q2FY24, which witnessed several hits, has brought about an upside in revenues. However, the merger has led to market share gains and synergies that helped bring breakeven down to approximately 20 per cent occupancy.
"Frequent elections not only impose a huge burden on human resources but also impede the development process due to the promulgation of the model code of conduct. Therefore, a sustained debate is required on the subject of simultaneous elections and all political parties need to arrive at a consensus on this issue," he had said.
In August, the top BRICS leaders at the grouping's summit in Johannesburg approved a proposal to admit six countries, including Argentina, into the bloc with effect from January 1.
Tata Communications has seen analyst upgrades after reporting Q3FY24 results. The biggest factor is the visible signs of a turnaround in its new acquisition, Kaleyra. The consolidated revenue grew 16 per cent Q-o-Q to Rs 5,630 crore led by 15 per cent Q-o-Q improvement in the data segment.
The government on Thursday said that it will evolve a consensus on rules for control of internet content after talking to various stakeholders including MPs and industry representatives.
Government on Thursday said that it will evolve a consensus on rules for control of internet content after talking to various stakeholders including MPs and industry representatives.
The United States and China on Wednesday failed to reach a consensus on how to resolve Beijing's territorial disputes with smaller nations in South China Sea, as Secretary of State Hillary Clinton held talks with top leaders in Beijing but not 'President-in-waiting' Xi Jinping who cancelled a meeting at the last minute.
Defending his party's decision to support the Presidential poll contest, Bharatiya Janata Party leader L K Advani on Monday said the government has to build consensus on the issue and the UPA dispensation made no such effort as it sought support for Pranab Mukherjee only after announcing his candidature.
Government said consultations are on to arrive at consensus on allowing FDI.
Consensus eluded negotiators on Wednesday to stitch an equitable and just accord on climate change in the last lap before the summit on Friday with no headway being made to iron out sticking points on carbon emission cuts, mitigation targets and long-term financing.
Prime Minister Narendra Modi on Sunday made a fresh push for reforms in global institutions, including the United Nations, asserting that the world's 'new realities' should be reflected in 'new global structure' as it is nature's law that those who don't change with times lose their relevance.
In a breakthrough that could end the political uncertainty in Pakistan, the Pakistan Muslim League-Nawaz and the Pakistan Peoples Party have agreed on a power-sharing deal to form a new coalition government after intense negotiations following a fractured poll verdict.
On the eve of the all-party meeting on Lokpal issue, Prime Minister Manmohan Singh on Tuesday night held consultations with United Progressive Alliance constituents after which a "broad consensus" was reported on the approach to the matter.
Assuming we still have a Modi-led majority government after May 2024, there is no guarantee that reforms will move at anything more than a snail's pace, though we must be thankful even for that, notes R Jagannathan.
'India's emergence as a top crypto market comes despite a regulatory and tax environment that can be challenging for the industry to navigate.'
India's electric two-wheeler (E2W) sector is expected to cross the one million mark in 2024 fuelled by rising demand, increased production, and affordability, industry experts said, even as several original equipment makers are expanding their penetration to rural areas. Improved battery technology and innovative features are also likely to fuel growth, they said. "E2W sales will breach the 1-million mark in 2024 as the demand for electric two-wheelers is expected to continue growing due to factors such as environmental awareness, government incentives, and improvements in technology," Hyder Khan, chief executive officer (CEO), Godawari Electric Motors, said.
"If we are able to evolve a consensus then it will be possible to hasten the process (of taking the deal forward)," visiting External Affairs Minister Mukherjee told reporters, as the US nudged India into concluding the agreement with the International Atomic Energy Agency and seek Nuclear Suppliers Group waiver by May to give Congress time to have a final vote on the deal.
"We live in a democracy and in an era of coalitions... there have been efforts to build a consensus and the efforts continue," Minister of State for External Affairs Anand Sharma told media persons when asked to comment on the deadline set by Senators for the deal to the US Congress.
The Ukraine conflict and Chinese activities in the Indo-Pacific region figured in last week's talks between Prime Minister Narendra Modi and French President Emmanuel Macron, and both sides have similar views over the two issues, sources said on Monday.
Two days ago, the Chinese foreign ministry following a meeting between NSA Ajit Doval and top Chinese diplomat Wang Yi in Johannesburg claimed that Xi and Modi had reached an 'important consensus' on stabilising bilateral ties at the interaction on the margins of the G20 Summit last November.
Consensus on the inclusion of the prime minister under the ambit of Lokpal eluded a Parliamentary panel scrutinising the bill even as it prepares to circulate a draft report of the recommendations to the members in the next few days.
With logjam in the Upper House leaving key bills in the limbo, Rajya Sabha chairman Hamid Ansari has called an all-party meeting on Friday.
The government on Saturday favoured 'consensus' on job reservation for disadvantaged groups in private industry and said it would take stakeholders into confidence before reaching a decision.
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, as Prime Minister Narendra Modi called for ending "global trust deficit".
Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups.
Sources claimed 48-year-old Soren was "evasive" in his replies during his questioning and hence was taken into custody under the Prevention of Money Laundering Act.
Brij Bhushan's comments came soon after his meeting with BJP chief JP Nadda following Sports Ministry's suspension of the WFI till further orders.
Adopted after nearly two weeks of hectic negotiations, the first Global Stocktake deal, being termed the UAE consensus, urges countries to accelerate efforts toward the phase-down of unabated coal power, which is a climb down after India and China strongly resisted the singling out of coal.
Showing respect to the Indian flag, Prime Minister Narendra Modi on Wednesday immediately picked up the tricolour placed on stage at a BRICS meeting here to mark the standing place of every leader so as not to step on it.
Pakistan Muslim League-Nawaz chief Nawaz Sharif was taken into confidence on the issue when he met PPP co-chairman Asif Ali Zardari on Monday to congratulate him on being elected president, Qureshi said.
Brokerages believe that the Bharatiya Janata Party's (BJP's) stronger-than-expected showing in state elections reduces political risks for the domestic markets going into 2024. However, after the short-term excitement, the focus will soon shift to earnings, global liquidity conditions, and the interest rate trajectory. "BJP's win in the three state elections is much better than what exit polls suggested and reinforces the consensus expectations of a Modi win in the 2024 national elections with a greater likelihood of 300+ seats for the BJP.
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