Reliance Industries Ltd on Thursday reported a 7.4 per cent rise in its December quarter net profit, as its retail business rebounded and telecom earnings rose. Its consolidated net profit of Rs 18,540 crore, or Rs 13.70 per share, in October-December - the third quarter of April 2024 to March 2025 fiscal (FY25) - compared to Rs 17,265 crore, or Rs 12.76 a share, in the same period a year back, according to a stock exchange filing by the company.
'Trump administration wanted a positive tone at this summit, but there was still some anxiety that there could be some awkward moments -- and there were not.'
Rijiju's meeting with Bandyopadhyay came against the backdrop of the Opposition alliance's decision to pull out its members from the panel of chairpersons that will assist Mahtab in conducting the proceedings of the Lok Sabha till the election of the Speaker on Wednesday.
Trump spoke approvingly of his recent telephone conversation with Xi Jinping. This could indicate the possibility of America and China reaching some level of tactical accommodation, which would not be good news for India, points out Ambassador Shyam Saran, a former foreign secretary.
The new asset class (NAC) proposed by the market regulator could see diverse product offerings with high-risk strategies across equity and debt if the mutual fund (MF) industry's recommendations are incorporated into the final regulations. While the Securities and Exchange Board of India (Sebi) has suggested relaxations in investment norms for NAC compared to traditional MFs, some fund houses are advocating for further relaxations in concentration norms, greater flexibility in leverage, and the ability to invest in securities currently outside the MF domain, such as unlisted debt papers and debentures, sources reveal.
'If it doesn't, it will continue with measures to infuse liquidity, signalling a new cycle,' predicts Tamal Bandyopadhyay.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
The housing inventory overhang in the top seven cities in India stood at a five-year low of 20 months at the end of the January-March quarter, data from real estate consultancy Anarock showed on Monday. It was the highest at 55 months in the quarter ending December 2020. The inventory overhang is the amount of time it would take to sell the current housing listings in an area. A lower overhang denotes higher demand in a particular area.
'The size of the investments is important, but equally crucial is the number of jobs that these proposals create.'
The finance minister clarified that indexation benefits offered until April 1, 2001 would be protected. This means older properties, including legacy assets, would benefit.
Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.
The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
SBI Mutual Fund recently launched the SBI Quant Fund. Its new fund offer (NFO) opened on December 4, 2024, and will close on December 18, 2024. Currently, 11 fund houses manage quant funds with assets worth Rs 9,013.6 crore.
'Union Budgets are often used as political instruments and that was the intention of this government too.' 'But while the exercise has settled two fronts, it has left open several others and this has the potential to aggravate with time,' predicts Nilanjan Mukhopadhyay.
Hyundai Motor India Limited's (HMIL's) record Rs 27,870 crore initial public offering (IPO) may not have set the primary market alight with sky-high subscription levels, but it has spelled a windfall for the five investment banks steering the share sale. The Indian arm of the South Korean carmaker paid Rs 493 crore - 1.77 per cent of the issue size - in fees and commissions to the book running lead managers (BRLMs), marking the largest-ever payout for an IPO in the country.
'We will be very, very proactive in providing whatever liquidity requirements are needed.'
Largecap companies are generally less vulnerable to economic slowdowns than their mid- and smallcap counterparts.
Reliance Industries Ltd, India's most valuable company, is back on a growth path after six months of challenges as it posted better than expected earnings in the December quarter, brokerages said.
There are states that could swing either way and change the results of the 2024 general election.
Quarterly earnings from corporates, global trends, and trading activity of foreign investors will guide market sentiment this week, analysts said, adding that benchmark indices may face volatile trends. "The upcoming release of Q2 results will be closely watched, providing insights into corporate performance. "Meanwhile, the escalating tensions between Israel and Iran introduce a significant geopolitical risk, potentially leading to increased oil prices and market volatility.
Modi is likely to hold separate bilateral meetings with the foreign leaders.
'The RBI's MPC will maintain the current policy rates (6.50%) at the policy meeting, given ongoing inflationary pressures.'
'I have been successful in Bollywood and I hope that I will get success in politics as well.'
Rajeev Chandrasekhar said in a post on X that his 18-year-long stint in public service has come to an end.
The exit polls on Saturday predicted the Bharatiya Janata Party-led National Democratic Alliance winning most of the seats in Congress-ruled Karnataka in the Lok Sabha elections and the Congress not putting up a good show.
'This segment has performed very well for us and this is reflected in our bounce rate which is about three to four per cent.'
The ideal time to invest in sector funds, is during a downturn so that investors can capitalise on a turnaround in 1.5 to 2 years.
The RBI's decision to hike the benchmark interest rate will make home loans costlier and affect housing sales, especially in affordable and mid-income segments, according to property consultants. The RBI on Wednesday hiked the key benchmark rate by 50 basis points. Property consultancy firms Anarock, Knight Frank India, JLL India, Colliers India, India Sotheby's International Realty and Investors Clinic said that the RBI's move was on the expected line to control inflation and this would result in an increase in interest rates on home loans.
10 largecaps stocks which stand to gain from the Budget.
Nepalese Prime Minister Pushpa Kamal Dahal 'Prachanda', Bhutanese Prime Minister Tshering Tobgay and Prime Minister of Mauritius Pravind Jugnauth are set to be invited to Modi's swearing-in ceremony.
Singh targeted the Congress using a 'snakes and ladders' analogy, saying the party will fall to zero from 99 after being bitten by a snake -- referring to the grand old party winning 99 seats in the Lok Sabha polls.
Though the contest is tough in Baramati, Sule has an edge over her rival as the locals may not break the pattern that she is meant for the Lok Sabha and Ajit Pawar for the state assembly, the political analyst felt.
Now, the bill will undergo a similar process in the National Assembly, wherein the ruling Nepal Communist Party commands two-thirds majority.
'There is simply too much to watch, read and absorb.' 'Just online consumption (news, entertainment, social media) in India was 2.5 hours a day in November 2024.' 'Add TV (just under 4 hours), other media, and the figure is closer to 7 to 8 hours a day for over one-third of Indians,' points out Vanita Kohli Khandekar.
Hit by inflation, higher input costs and pricing measures, fast-moving consumer goods companies are expected to see a contraction in their gross margin and a modest-to-flat operating profit in the October-December quarter. Several FMCG makers are likely to log a low single-digit rise in their revenue, returning to the cycle of value-driven growth.
The suspension of 49 Lok Sabha MPs came a day after, a total of 78 -- 33 from the Lower House and 45 from the Upper House -- lawmakers were suspended from Parliament for disrupting proceedings.
The Congress said the PM has neither found the time nor even had the inclination to visit the state for even a few hours.
Alternative investment funds (AIFs) - investment vehicles favoured by the affluent - have topped $50 billion (Rs 4.3 trillion) in total investments for the first time during the April-June quarter, according to the latest data from the Securities and Exchange Board of India. The industry's commitments have approached Rs 12 trillion ($140 billion), marking a 40 per cent increase over the past year. The amount raised and deployed stood at Rs 4.74 trillion ($56 billion) and Rs 4.32 trillion ($51 billion), respectively, the data shows.
'Women are likely to have voted because of the numerous welfare schemes. The CAA consolidated minority votes and the BJP's booth-level organisation in Bengal is weak.'
By June 2025, financial freedom will be just an ATM away. Pleasantly surprised? But there's more, says Ramalingam Kalirajan
