Corporate India's net profit as a percentage of gross domestic product (GDP) dipped in the 2022-23 financial year (FY23) -- after rebounding sharply in FY22 -- amid a decline in global commodity prices. Top 500 companies' combined net profit stood at 4.1 per cent of the GDP for FY23, down from 4.3 per cent in the previous financial year when it had gone up from just 3.5 per cent in FY21. "The year-on-year (YoY) decline was led by global commodities, which contributed adversely to the ratio, while the financial sector contributed positively.
''I truly did not understand what 'behind the scene' meant. It could be that he (Umran) had a fight with the management or maybe there was an argument...'
India appears poised to sustain its growth in a more durable way than before with the economy carrying the momentum from FY23 into the current fiscal year, the Annual Economic Review for 2022-23 released by the finance ministry on Thursday said. However, the report cautioned that escalation of geopolitical stress, enhanced volatility in global financial systems, sharp price correction in global stock markets, a high magnitude of El-Nino impact, and modest trade activity and FDI inflows, are factors that could constrain the pace of growth. "Should these developments deepen and dampen growth in the subsequent quarters, the external sector may challenge India's growth outlook for FY24," the finance ministry said.
Seems like the marquee product from the software giant have finally landed.
Wriddhiman Saha, who had a fallout with Cricket Association of Bengal, is in talks with Tripura for a potential player-cum-mentor role
Shivam Dube and Ajinkya Rahane's brutal partnership propelled CSK to 235.
It's not everyday that one gets a bouquet of flowers and a handwritten note from India's biggest superstar, Amitabh Bachchan, and Saiyami Kher is suitably thrilled.
Zimbabwe carried the form they showed in Group A to get the better of a fighting Oman, with Williams continuing his stellar run.
As the gorgeous actress celebrates her 30th birthday on March 15, we take a look at the year gone by through her Instagram feed.
Mumbai Indians's top-order failed to fire in unison as they lost to the Royal Challengers Bangalore.
The country's largest IT services exporter TCS on Monday reported an 11 per cent jump in the December quarter net profit to Rs 10,846 crore, led by overall growth and forex gains. The Tata group company had reported a post-tax net profit of Rs 9,769 crore in the year-ago period. Overall revenue grew 19.1 per cent to Rs 58,229 crore for the reporting quarter from Rs 48,885 crore in the year-ago period, the company said, adding in constant currency, the topline growth is 13.5 per cent, and in the dollar terms, it clipped at 8 per cent.
After spending 11 months away from the game, a fit-again Jasprit Bumrah is back hungrier than ever and says he is ready to bowl long spells for India in the Asia Cup and subsequent ODI World Cup at home.
India again firm favourites, T20 series to provide ideal platform to youngsters
After falling in the final over of Gujarat Titans' win over Punjab Kings, Shubman Gill was disappointed that he couldn't finish the match for his team.
Skilled actors sometimes rescue a film when the script is flailing. Chaalis Chauraasi is one such film.
Having joined the four-time champions this season, Rahane lit the Wankhede as he hammered the fastest fifty this IPL season.
A new-look Indian team, led by Shikhar Dhawan, will be hoping to make a statement and be in the reckoning for next year's 50-over World Cup when the three-match ODI series against South Africa begins in Lucknow on Thursday.
Renowned agricultural scientist M S Swaminathan and the driving force behind the nation's 'Green Revolution,' passed away in Chennai on Thursday.
Ahead of IPL 2023, former champions Sunrisers Hyderabad named South African all-rounder Aiden Markram as their new skipper.
The Democrats, especially the Biden administration, wanted to deliver a sharper message to Mr Modi than would be possible in a formal summit setting. So, why not get the most prominent Democrat in decades to deliver it?, explains Shekhar Gupta.
Virat Kohli and Faf du Plessis lit up the M Chinnaswamy stadium as guided Royal Challengers Bangalore to a cracking win over Mumbai Indians in their IPL 2023 opener.
'I try to take it one day at a time. Short term goals help me a lot. There is always pressure to perform and I am hoping I am better equipped this time around.'
The collective brilliance of the Indian XI in the 2023 World Cup makes a compelling case for each player to be considered for inclusion in every World XI.
Punjab Kings' Sikandar Raza took the game away from Lucknow Super Giants as he hammered his maiden IPL half-century.
Subhash Ghai rang in his 78th birthday with a star-studded party in Mumbai.
After a sharp outperformance in the mid-and small-cap segments in the first half of calendar year 2023 (H1-CY23), analysts are now turning cautious on these two market segments and suggest investors stay selective and look for valuation comfort and earnings visibility before investing. The S&P BSE Midcap index has surged 13.7 per cent in H1-CY23, and the S&P BSE Small-cap index gained 12.7 per cent during this period, data shows. The S&P BSE Sensex, in comparison, has moved up 6.4 per cent.
India's total value of defence production breached Rs 1 trillion-mark in the fiscal year 2022-23 (FY23), up 12 per cent year-on-year (YoY). At the bourses, this has been well reflected in related-stocks from the sector as they gained considerable ground during this period. Shares of Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders, MTAR Technologies, Bharat Electronics (BEL), and Bharat Dynamics (BDL) have skyrocketed up to 160 per cent in a year, as against a 14 per cent jump in the S&P BSE Sensex.
The company commands a market valuation of Rs 31,702.37 crore (Rs 317.02 billion).
Rohit proved his adaptability and mixed caution with aggression even when wickets kept tumbling at the other end.
Images from Day 1 of the third Ashes Test between England and Australia at Headingley in Leeds on Thursday.
In the history of Indian railway budgets, Suresh Prabhu will perhaps be the first railway minister not to have announced either a single new train or a new railway line
Bollywood stars celebrate Teacher's Day by sharing anecdotes and childhood memories with their teachers.
Indian batter Suryakumar continued to hold onto the top position on the latest ICC T20I Rankings.
Not the typical next-door budding cricket, Madhwal is a civil engineer for whom the sport was just a hobby. Watching him in the second half of this season, one would find it tough to believe that the 29 year old used to play tennis ball cricket until four years ago.
Punjab Kings stand-in skipper Sam Curran and Sikandar Raza posted notable performances as the visitors clinched a thrilling win over the Lucknow Super Giants.
A round-up of Wednesday's action in the UEFA Champions League
Rising Indian star Tilak Varma's father Namboori Nagaraju, described the influence left-handed batters coach Salam Bayash had over his career.
Faf du Plessis and Glenn Maxwell played another match-winning partnership to set RCB up for a 7 run win over the Rajasthan Royals.
Benzema enjoyed a stellar campaign with Real Madrid last season, scoring 44 goals in 46 games in all competitions as he inspired them to a La Liga and Champions League double.
Suryakumar beat the likes of Sam Curran, Pakistan wicketkeeper-batter Mohammad Rizwan and Zimbabwe's batting all-rounder Sikandar Raza for the top honour.
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