Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
From the time he first rose to prominence during the movement against the then UPA government, Arvind Kejriwal has regularly grabbed headlines for his surprise moves and decisions. Here are 10 such instances.
Billionaire Mukesh Ambani on Thursday unveiled the next phase of growth at Reliance Industries Ltd, with retail and telecom worth over $100 billion each, doubling revenues and pre-tax profit in 3-4 years, new energy business becoming profitable by 2031, and core oil and chemical business continuing to be the robust growth engine. The sprawling conglomerate with interests in refining, oil and gas, petrochemicals, telecom, retail, and media is on track to more than double in size before the end of the decade, Ambani, chairman and managing director of Reliance, told company shareholders.
Vinicius Jr came off the bench to score once and set up another goal to steer champions Real Madrid to a 4-1 fightback victory over Espanyol.
Images from the men's singles action at the US Open on Sunday.
A chlorine gas leak in the Jhajhra area of Dehradun triggered panic on Tuesday morning, forcing people to leave their homes, officials said.
India will not be taking the foot off the gas pedal given USA's exploits in the T20 World Cup right after producing one of their best-ever bowling performances, said bowling coach Paras Mhambrey on Tuesday.
Thermax reported 13 per cent Y-o-Y revenue growth with operating profit margin decline in Q1FY25. It took a hit of Rs 70 crore on specific projects. The company enjoys a strong order pipeline across sectors like power, steel, refining and petrochemicals.
Dasari Gopikrishna hailed from the Yajali village of the Bapatla district in Andhra Pradesh and came to the US only eight months ago.
West Bengal is home to 43,000 Durga Pujas, and the business around it is a major economic driver.
Adding petrol and diesel to GST was a challenging task due to their significant role as revenue generators for both the central and state governments.
The Haryana Police on Wednesday fired tear gas shells to disperse farmers from Punjab at Shambhu and Khanauri border points as they tried to move towards barricades stalling their protest march to Delhi.
Several BJP-backed state governments have unveiled schemes targeting the poor, women, farmers and students, following the party's setback in the Lok Sabha polls.
Trying to give the best support to Indian contingent but still being criticised: IOA chief PT Usha
India Inc reported an uptick in revenue growth in the January-March quarter (Q4) of 2023-24 (FY24), but it came at the cost of a deceleration in earnings growth.
The establishment -- Vice-Global Tapas Bar -- against which the action was being taken, is located in Juhu suburb.
Mahindra & Mahindra on Thursday said it has tied up with a unit of Adani Total Gas to establish electric vehicle charging infrastructure across the country. The auto major and Adani Total Energies E-Mobility Ltd (ATEL) have inked a memorandum of understanding (MoU) in this regard. The MoU sets a roadmap for the creation of an expansive EV charging infrastructure across the country, it added.
The new, "fluffy" planet has been named 'WASP-193b' and was found to be located about 1,200 light years away from Earth, roughly equivalent to 10,800 trillion kilometres.
Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.
Pakistan is allegedly working on an offensive chemical and biological warfare program with the help of its 'all-weather friend' China.
The growth of eight key infrastructure sectors slowed to a 15-month low of 3.6 per cent in January, on account of poor performance of sectors like refinery products, fertiliser, steel and electricity, according to the official data released on Thursday. The growth of eight core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 4.9 per cent in December. It was 9.7 per cent in January 2023.
Several people are still feared trapped in the debris after a series of landslides that occurred in Chooralmala and Mundakkai of Wayanad.
'The government has put in a lot of effort to provide infrastructure for the industry.'
Rescue operations were underway on Friday to trace over 45 people missing following flash floods triggered by cloudbursts in three districts of Himachal Pradesh, officials said on Friday.
'Though one cannot paint the entire microcap basket with the same brush, investors need to be careful now as to what they're buying.'
Unlike the previous visit, where TDP MPs accompanied Naidu to meetings, sources termed the current visit as "low profile", with one-on-one meetings with key Union ministers.
'At present, hybrids emit lesser carbon despite using fuel than pure play electric cars.' 'That is because EVs have to be charged and 76 per cent of the country's electricity is still coal-based and not renewables.'
Coal-to-airports conglomerate Adani group is set to make a splash in the tech world. The group is considering the creation of customised artificial intelligence (AI) models for commercial prospects and consolidating digital services on a super app, according to people in the know. The Adani One app, part of its consumer-facing businesses, is reportedly in talks to expand into e-commerce and digital payments, according to a Financial Times report.
The members of the cabinet committees included Union ministers from the Bharatiya Janata Party and its National Democratic Alliance partners like Janata Dal-United, Telugu Desam Party, Janata Dal-Secular, Shiv Sena and Lok Janshakti Party-Ram Vilas.
From the Sensex basket, Maruti, Mahindra & Mahindra, NTPC, JSW Steel, Larsen & Toubro, Reliance Industries, Axis Bank, and Power Grid were the major gainers. Nestle, Wipro, Tata Consultancy Services, HDFC Bank, Titan, HCL Technologies and Infosys were the laggards.
The US is looking very carefully at what Modi did when he was in Moscow, a senior State Department official has told lawmakers concerned over the growing India-Russia ties.
Key infrastructure sectors -- from railways to power, and from coal to petroleum -- will not only be part of the achievements but promises too, as the BJP fights to get a third term at the Centre.
Two more bodies have been located under the debris at the site of a giant hoarding collapse in Mumbai as the search and rescue operation continued more than 40 hours after the incident, officials said on Wednesday.
'The government has put in a lot of effort to provide infrastructure for the industry.'
India is a great power that determines its national interests and chooses its partners, Russian Foreign Minister Sergey Lavrov has said, describing as "completely unjustified" the "enormous pressure" on New Delhi due to its energy cooperation with Moscow.
'These are capex and infrastructure-linked sectors, PSUs or stocks of some corporate houses.'
Amid the scorching heat, with temperatures soaring between 47 and 50 degrees Celsius, irregular electricity supply has added fuel to the fire, aggravating problems for people, farmers, and the industrial sector. While the state's Bhajan Lal Sharma-led Bharatiya Janata Party (BJP) government claims to be improving the power supply, the opposition is trying to corner the government on the issue. Amid all this, undeclared power cuts are continuing in districts including the capital, that are already facing power cuts.
'Never, not even once, has Kamala Harris said that she is Indian American. I know why.' 'From the Indian American community she can get maybe 1% percent votes. But if she says she's African American she gains about 20% votes.'
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).
Why does the world's fastest-growing major consumer of energy fail to attract investments in oil and gas? This is a question worth pondering after private sector conglomerate Reliance Industries Ltd (RIL) failed to close a $15-billion downstream asset deal with Saudi Arabia's national oil company, Aramco. It's understandable if multi-billion dollar investments in oil and gas projects or deals involving state companies that need to traverse a complex bureaucracy at state and federal levels and the corridors of ministries unravel. However, Mukesh Ambani-run RIL, India's most successful energy company, is not typically known to fumble on closing deals (Ambani closed deals worth around Rs 2 trillion early last year in telecom and retail with blue chip investors).