The likelihood is that India will maintain a moderately upbeat economic tempo -- well short of tearaway growth, explains T N Ninan.
Mortgage firm HDFC Ltd on Wednesday announced sale of a 10 per cent stake in its private equity arm HDFC Capital Advisors to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for about Rs 184 crore. ADIA is also the primary investor in the alternative investment funds managed by $3 billion-HDFC Capital. Set up in 2016, HDFC Capital is the investment manager to HDFC Capital Affordable Real Estate Funds 1, 2 and 3; and is aligned with the government's goal to increase housing supply and support the Pradhan MantriAwas Yojana - 'Housing for All' initiative, HDFC Ltd said in a statement.
The Reserve Bank's rate-setting panel will start its 3-day deliberations on Wednesday amid expectations of yet another rate hike of 50 basis points to check high inflation, in line with similar actions taken by other major central banks, including the US Fed. Based on the recommendations of the Monetary Policy Committee (MPC), the RBI had effected 50 basis points increase in repo rate each in June and August after raising the short-term lending rate by 40 basis points in an off-cycle decision in May. The MPC, headed by RBI Governor Shaktikanta Das, is scheduled to meet during September 28-30.
Viewed as India's most eligible bachelor by some, Congress leader Rahul Gandhi says he'll get married when the right girl comes along and part of the problem is that his parents' "really lovely marriage" has set the bar very high.
Investors need to get the timing of entry and exit right to make money in thematic and sector funds, suggests Sarbajeet K Sen.
Prominent Indian-American politician Nikki Haley launched her presidential campaign on Tuesday, becoming the first Republican to challenge former US President Donald Trump in his 2024 bid for the White House.
Tucked away at a lane in Arehalli Guddadahalli, a small village in Bengaluru Rural district is a nondescript factory of LaundryMate, one of India's first organised technology-led online laundry services firms. The company has built the country's largest laundry facility, which is spread across 53,000 square feet - the size of a football field. Inside the hangar-like building, one can hear the whooshing and humming sound of big hi-tech washing machines being operated by the newly-recruited staff of LaundryMate.
The mass cycling event is all set to kick off on November 5, but looks like Indian roads, offices are not yet cycle-ready!
Facts on the Commonwealth Games to be held in Australia's Gold Coast:
Indian freestyle wrestlers claim Asian team title in U-17 category
'Valuations are very attractive, and most companies are cash-rich with strong dividend yields.'
As a 75-year-old septuagenarian, Bajaj Auto has adapted itself as a nod to competition, regulations, and changing buyer preference. It will continue to do so, said its managing director Rajiv Bajaj at the launch of the all-new Pulsar 250. This was in response to a question on the company's preparedness for disruption by electric two-wheeler start-ups.
After a sharp correction over the last few months, analysts seem to be turning cautiously optimistic on the information technology (IT) sector and suggest there could be trading opportunities in select counters despite revenue and growth concerns that still plague the sector. "IT stocks valuations have corrected 17 per cent-49 per cent and stock prices have corrected 9 - 42 per cent since mid-December 2021. Nifty IT index valuation has corrected by 27 per cent and price by 21 per cent. "About two quarters ago, we made a case that valuation drivers have peaked.
'The selling in India may emerge as soon as the RBI reverses its interest rate stance.'
Latest official data shows that investment is, in fact, showing signs of a moderate pick-up.
It is best not to get carried away by returns or take a short-term view of the markets, says Bhavana Acharya.
Tata Steel was the top gainer in the Sensex pack, zooming 7.57 per cent, followed by Sun Pharma, IndusInd Bank, L&T, ITC and HCL Tech.
Quant funds have a very short track record, and have underperformed so far, reveals Sarbajeet K Sen.
One of the most wanted terrorist, Mudasir Pandit, and a Pakistani ultra were among the three terrorist killed in an overnight encounter with security forces in the Sopore area of Jammu and Kashmir's Baramulla district, police said.
Drink enough water, focus on your portion sizes, cut out junk food, start a walking routine, and stay consistent.
20 new industrial clusters will be developed in 2014-15.
'At present Metaverse is a hype cycle.' 'If it succeeds, then I would like to see TCS there, too.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The adverse impact on the margins of auto, consumer staples and consumer durables sectors will be counterbalanced by an earnings uptick in the metals, cement and oil & gas sectors.
Kleon Papadimitriou, a Greek student in Aberdeen, Scotland undertook the adventure when flights to much of Europe were cancelled due to the coronavirus pandemic.
The past appears to have interrupted the future of the New Delhi Railway Station (NDLS). With two protected heritage buildings sitting in the way of the plan to redevelop the railway station, officials in the know say the project may end up back on the drawing board since the National Monuments Authority (NMA), the body tasked with the protection and preservation of monuments and sites, is yet to give its approval. "A nod from NMA is awaited before going into the next phase of bids for the redevelopment of the New Delhi Railway Station," a senior official of the Ministry of Railways told Business Standard. While the Railways ministry is hopeful of getting approvals from the NMA before the end of the current financial year, there is no clarity on this yet.
The Center for Responsive Politics said that an 'extraordinary influx' of political donations in the final months -- driven by a Supreme Court battle and closely watched races for the White House and Senate -- pushed total spending in the election past the previously estimated 11 billion dollars figure.
The pandemic shines the spotlight on unexpected heroes.
Olympic Association is yet to get an official confirmation about shooting being scrapped from the programme of 2022 Commonwealth Games but said it will ask the organisers to reconsider its decision.
At Rediff.com, we would like to salute their undying spirit...
With the Tokyo Olympics set to start on July 23, here is some trivia from the first two editions of the modern Olympics held in 1896 and 1900.
On Wednesday, Swiss business tycoon Hansjoerg Wyss said he was one of three people who had been approached by Abramovich to buy the club.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Tarunraj Yadav from Vapi, Gujarat, tells us how he lost 24 kg in five months.
'Surprisingly, the most frequent of the walking squads are the Auntyjis, those you'd hardly credit with such dedication.' 'Yet, they're always present and the sprightliest of the lot in their salwar suits and saris,' says Kishore Singh.
Riding solo from the Arctic to the Andes exposed him to a variety of people and cultures while allowing him to connect with himself, Dhruv Bogra tells Amrita Singh.
India returned with 368 medals, including 85 gold, at the Special Olympics World Summer Games which was held at Abu Dhabi, UAE from March 14 to 21.
The analyst community tracking the Indian IT services industry took special note of Accenture's first quarter (Q1) performance, which showcased the rapid growth of its consulting business that outperformed its outsourcing business. Bookings indicate that the trend will continue. Consulting bookings increased 41.6 per cent year-on-year (yoy) to $9.4 billion, higher than the 17.6 per cent growth in outsourcing to $7.4 billion. The management commentary was also more bullish on the consulting business.
An analysis of past 20 years' demand cycles done by Edelweiss Securities indicates that the auto sector is currently in the middle of a down cycle. Volume recovery, they say, is unlikely to be as sharp as in the past, unless there is strong fiscal support.
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