Mahindra & Mahindra (M&M) reported very strong results for the January-March quarter of the last financial year (Q4FY24), beating consensus comfortably. The margins of the automobile business improved 170 basis points (bps) year-on-year (Y-o-Y) to 8.8 per cent, while FES (Farm Equipment Sector) margins improved to 15.8 per cent (up 60 bps Y-o-Y), despite a decline in volumes due to cost optimisation and lower raw material costs.
Both the Congress and AAP are part of the 16-party United Opposition Forum, Assam, formed to contest the general elections together, but a rift had emerged with members of the forum announcing candidates against each other in various constituencies of the state.
Six decades and more later, we are now captives of our identities. Every poll is based on elaborate calculations of electability of candidates on the basis of their castes and other narrow definers. That, along with voter promiscuity, is what defines our political culture, which remains stubbornly resistant to any change, asserts Shreekant Sambrani.
Consensus emerged on the appointment of Congress president Mallikarjun Kharge as the chairperson of the opposition Indian National Developmental Inclusive Alliance (INDIA), while Janata Dal-United chief Nitish Kumar's name was proposed for the convener's post, pending approval of parties absent at the alliance meeting on Saturday, according to sources.
'The moment a new election comes, new guarantees are announced.' 'The BJP is adept at diverting people's attention.'
The two major parties offer the United States choices that are basically unacceptable and the bench strength, such as it is, is not entirely capable of winning popular acclaim, notes Shreekant Sambrani.
The stock of Mahindra & Mahindra (M&M) has been touching successive all-time highs on the bourses and, over the past year, gained 81 per cent. While the S&P BSE Auto Index has not performed poorly, registering gains of 73 per cent, it still trails the company by 800 basis points (bps) during this period. There are multiple reasons why investors are beating a path to M&M's counter.
Union Law Minister Arjun Ram Meghwal on Wednesday moved the women's reservation bill for passage in the Lok Sabha, saying it is a very important bill and urging members to pass it with unanimity.
There is a growing unease among Lok Sabha ticket aspirants in the Shiv Sena amid its decision to drop three sitting MPs and the ongoing seat-sharing talks between the Mahayuti partners, party sources said.
In a major initiative to deal with the unrest in Kashmir, Prime Minister Manmohan Singh said on Tuesday that the Centre was willing to consider autonomy for the state within the ambit of the Constitution.
The biggest challenge will be to convert his regime into a coalition of minds. But given the fact that he is instinctively an authoritarian leader and supporter of the hard Hindutva line, the survival of his government will depend on his ability to balance between his heart and mind, between instinct and pragmatism, asserts Nilanjan Mukhopadhyay, author of Narendra Modi: The Man, The Times.
Calls have grown for Babar to be removed from 50-over captaincy following the shocking eight-wicket loss to Afghanistan in Chennai.
FMCG major Britannia Industries' results for the January-March quarter (Q4) of the financial year 2023-24 (FY24) were received enthusiastically by the market with the share going up by 6.7 per cent on Monday to close at Rs 5,061.60 on the BSE. However, analysts said the results were in line with margins, and disappointing in terms of revenue growth. The consolidated net sales (excluding other operating income) rose 3 per cent year-on-year (Y-o-Y) to Rs 4,010 crore in Q4.
The government said on Wednesday a consensus was needed quickly to pass a business-friendly land reform law
The AAP will run a signature campaign from December 1 to 20 to get people's feedback on whether Arvind Kejriwal should resign as Delhi chief minister if he is arrested under a 'conspiracy by the Bharatiya Janata Party', the party's city convener Gopal Rai said Thursday.
He will be around for another crack at the elections, and a clear majority, predicts Saisuresh Sivaswamy.
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
Interacting with representatives from NGOs, Congress leader Rahul Gandhi on Monday asked opposition parties to fix a date to help government pass bills on which there is general consensus.
Consensus continued to elude the Women's Reservation Bill which is unlikely to see the light of the day during the current session of Parliament.
Against the backdrop of riots in Muzzafarnagar, Minorities Affairs Minister K Rahman Khan on Wednesday said the Centre would try to build consensus among political parties to get the Anti-riot Bill passed in Parliament.
There is no impediment to normal operations as Tata Motors puts in place the demerger process of its commercial and passenger vehicles businesses. Instead, the demerger would provide greater manoeuvrability for both new entities to operate independently, according to Tata Motors management. While there may not be immediate value unlocking, it will give investors clarity about future growth and the financials across different segments.
Consensus eluded the Parliamentary panel on Lokpal on the issue of including the prime minister within the ambit of the ombudsman with a majority opposing the suggestion, saying it could lead to complications while some others favoured it with riders.
Public sector banks (PSBs) have delivered significant outperformance over the past three years and the sector has been re-rated. Given the growth and profitability expectations of an 18 per cent return on equity (RoE) over FY24-26, there is still a case for buying at the current levels. While the net interest margins or NIMs may remain range-bound or have a downward bias, there's optimism about possibly better opex ratios and lower non-performing assets (NPAs), plus scope for further credit cost reduction, and healthy treasury performances as interest rates trend down.
'The longevity of the government is a doubt for me because when the going gets tough, there could a be a point in time where there might be pressure, from within the party or from the allies.'
His five-year rule saw the Babri Masjid demolition, the rise of the saffron forces and also the country being placed firmly on a new economic path, away from the Nehru years of public sector socialism.
24 hours was all it took for the Congress to overturn its decision to boycott the TV debates on the exit poll results. Sudhir Bisht offers an explanation.
At a media briefing, French President Emmanuel Macron said the G20 leaders' declaration "confirms" Russia's isolation for its attack on Ukraine and that the bloc is committed to "just and lasting" peace in the war-torn country.
The New Delhi G20 Declaration refers only to the "war in Ukraine" and noted with "deep concern the immense human suffering and the adverse impact of wars and conflicts around the world."
The writing has been on the wall for some time. Exodus of senior leadership and growth behind its peers are reasons that have prompted Thierry Delaporte, the chief executive officer (CEO) of Wipro to resign, analysts said. Delaporte, Wipro's seventh CEO, also resigned without completing his five-year term, like his predecessor Abidali Neemuchwala decided to end his tenure prematurely in 2020. Phil Fersht, HFS Research CEO and chief analyst believes the change in leadership was at least six months overdue.
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 Sena-UB has fielded popular wrestler Chandrahar Patil from Sangli despite the Congress announcing Vishal Patil's name from the same seat.
Beleaguered Egyptian President Mohammed Morsi on Wednesday refused to quit and offered a consensus government to end a standoff with the powerful military, as the 48-hour deadline for him to meet people's demands expired with both sides pledging to sacrifice their lives to defend the country.
In an apparent reference to the Left parties' opposition to the Indo-US nuclear deal, National Security Adviser M K Narayanan on Wednesday said the lack of consensus on the issue was hampering efforts to become a part of nuclear mainstream and needed an early resolution. He said opposition to the nuclear deal within the country is driven by 'considerations' other than the factors like non-proliferation cited by some members of the international community.
The government will seek the "broadest possible consensus" within the country to enable the next steps to be taken on the Indo-US nuclear deal, Prime Minister Manmohan Singh said in the Lok Sabha on Wednesday. "We are presently engaged in negotiations with the International Atomic Energy Agency for an India-specific safeguards agreement," the prime minister said. ". I believe that such co-operation is good for us, for our energy security and for the world," he said.
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.
The Biju Janata Dal will not oppose the government simply for the sake of opposing it, BJD Member of Parliament Bhratruhari Mahtab tells Aditi Phadnis.
'The PM who is first among equals, who has to listen to others, take their point of view into account and who would have to be a good manager'
The Congress on Monday said it welcomed the reported move as the party has been raising the demand for long.
Sakshi Malik, one of the prominent faces of the agitation against former WFI chief Brij Bhushan Sharan Singh, welcomed the WFI's suspension.
Kakar, a lawmaker belonging to Balochistan Awami Party (BAP), will lead a caretaker government until a new election later this year.
