Kansai Nerolac Paints has seen its market capitalisation (mcap) erode by over 5 per cent since May 3 after posting a subpar performance in the fourth quarter of 2023-24. Weighed down by stiff competition, the company has shed Rs 1,172 crore over the past two weeks in mcap. India's largest paint maker in terms of mcap, expects double-digit growth in the industrial segment and aims to maintain margins, but its performance in decorative paints could suffer amid competition.
A piece of slightly negative news can cause a serious setback, warns Debashis Basu.
A new theme song for the INDIA bloc will be released.
As Chandigarh braces for a fierce contest between Congress candidate Manish Tewari and the BJP's Sanjay Tandon, its industry leaders harbour a fervent wish: Replicate the success of the National Capital Region model in this Union Territory.
The compulsion behind India and Japan to deepen security cooperation is in response to China's growing political and economic clout and its assertive behaviour in disputed areas. This has been the key driver for bringing both India and Japan closer in the domain of security cooperation, explains Dr Rajaram Panda.
Investors' desire for companies to prioritise returning cash to shareholders through share buybacks, dividends or mergers and acquisitions (M&A) is at the highest level since July 2015, said a survey by BofA Securities (BofA). Nearly 30 per cent of respondents wanted companies to do so. As many as 226 respondents with $572 billion worth of assets under management (AUM) participated in the March fund manager survey (FMS), said BofA.
'Victims of terrorism do not sit together with its perpetrators to discuss terrorism.'
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.
The BJP had already won 10 seats unopposed in the 60-member assembly, elections for which were held simultaneously with the Lok Sabha polls in the first phase on April 19.
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.
Government said consultations are on to arrive at consensus on allowing FDI.
'This can eventually start the end of the current market frenzy, which has lasted for a full year.'
Siemens delivered a strong margin performance and also reported high other income to beat consensus in the January-March quarter (Q2) of FY24 (the company's year-end is September 30). In addition, it has opted to demerge the energy vertical with a 1:1 award of shares in the newly demerged entity which will be listed by the end of this year (CY25).
Analysts are advising a cautious stance on the steel sector due to a combination of factors. The major one is that China has maintained momentum on steel exports in CY24 and there could also be domestic over-supply in the medium-term. Trade data for Jan-Feb'24 shows that China's finished steel exports rose 31 per cent year-on-year (Y-o-Y) to 15.9 MT.
'The Opposition parties will continue to woo Chandrababu Naidu even though he has said he will support the BJP.'
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.
"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 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.
While the markets have factored in a number close to 350 for the BJP and almost 400 for the NDA, 50 seats fewer could trigger a market correction
'Like every Budget, this time, too, there is chatter around tinkering with the long-term capital gains tax.' 'Investors may not want to jump into the markets until there is clarity on this front.'
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.
In the event that like in the 17th Lok Sabha Rahul Gandhi again gets locked out of the House, the Congress needs a second-in-command who will keep the momentum going inside Parliament, notes Saisuresh Sivaswamy.
Briefing reporters, Nadda said his party has proposed that if holding the three-tier polls together was not possible immediately, then Lok Sabha and assembly elections can be held together first.
Delhi Chief Minister Arvind Kejriwal mounted a blazing campaign in the hot summer after he was released from the Tihar jail on interim bail on May 10, drawing huge crowds at rallies and roadshows, but it proved insufficient to propel his Aam Aadmi Party past the Bharartiya Janata Party challenge in the national capital.
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.
Big, listed FMCG (fast-moving consumer goods) companies such as Hindustan Unilever, ITC, Nestl, and Britannia have been top-performing stocks on the bourses in recent weeks. The Nifty FMCG index, which tracks the share prices of the country's top 15 listed FMCG companies, is up 1.9 per cent month-to-date in May compared to a 2.4 per cent decline in the benchmark Nifty 50 in the period.
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.
The market could not make a clear assessment of Tech Mahindra with the stock swinging wildly in the last two sessions. The results on Thursday were expected to be weak but the stock dropped slightly. However, investors reviewed the three-year turnaround plan and decided the stock had been oversold and the price recovered 7.5 per cent.
Marico's January-March quarter (Q4) results were slightly better than consensus. Revenue was up by 1.7 per cent year-on-year (Y-o-Y) to Rs 2,280 crore. Ebitda grew by 12.5 per cent Y-o-Y to Rs 440 crore. Adjusted PAT was up 10.3 per cent Y-o-Y to Rs 320 crore.
Yet another effort to reach a consensus on the Women's Reservation Bill failed to make any progress with two major political parties staying away from an all-party meeting here today and others opposed to the measure sticking to their guns.
The Indian National Developmental Inclusive Alliance (INDIA) will get a 'decisive mandate' in the Lok Sabha polls and may take even less than 48 hours to decide on its prime ministerial pick, Congress leader Jairam Ramesh said on Thursday, asserting that it stands to reason that the party which gets the maximum seats in the alliance will be a 'natural claimant' for its leadership.
The Nationalist Congress Party is livid as Shivtare continues to criticise Pawar, whose wife Sunetra is likely to contest from the Baramati Lok Sabha seat, even after meeting Shinde in Mumbai recently.
'To get a 100 per cent consensus document without any reservation, any bracket, any chair summary is unprecedented in the history of multilateral forums.'
He alleged that the MVA allies were refusing to consider the factor of Maratha activist Manoj Jarange.
Lashing out at the opponents of labour reforms, particularly the Congress, the government on Tuesday sought political consensus on the vital issue to enable Indian industry become competitive worldwide and augment its position in the global
