The combined net profit of "early bird" companies, those that have declared their quarterly results, rose for the third consecutive quarter in July-September 2023 (Q2FY24). But the figures suggest a continued slowdown in revenue growth and stagnation in earnings over recent quarters. This slowdown is severe for companies in the manufacturing and non-financial service sectors.
Khan, 69, was not present in the lower house at the time of voting. His party lawmakers staged a walkout.
Mutual funds recorded Rs 7,600 crore net inflows into active equity schemes in July even as redemptions surged to a 30-month high of Rs 30,400 crore owing to profit booking, reveals data from the Association of Mutual Funds in India (Amfi). Equity net inflows were 13 per cent lower compared to the preceding month's tally. The inflows were supported by a strong flow from retail investors through the systematic investment plan (SIP) route.
In a recent note, the global brokerage firm said India now commands a weight of 19 per cent in the above-mentioned portfolio as compared to 18.2 per cent in September 2023. India, it said, is a large liquid market and remains a counter-weight to North Asia if a slowdown in the West occurs and China's recovery disappoints.
The bill, which seeks to give citizenship to refugees from the Hindu, Christian, Sikh, Buddhist and Zorastrian communities fleeing religious persecution from Pakistan, Afghanistan and Bangladesh was passed in Lok Sabha on Monday.
The PTI government lost the majority in the lower house of the parliament following the late-night development ahead of the no-confidence motion against Imran Khan on April 3.
In 2022, Rajasthan met for 30 days, Chhattisgarh 18 days, MP and Mizoram for 15 each, and Telangana for 10 days.
The controversy over a Trinamool Congress member of Parliament mimicking Vice President Jagdeep Dhankhar took political centrestage on Wednesday with the issue playing out both inside and outside Parliament and President Droupadi Murmu joining Prime Minister Narendra Modi in expressing dismay.
'2,665 children killed. 2,665 cheeky smiles, 2,665 dreams of tomorrow, 2,665 favourite cartoon characters, 2,665 favourite meals, 2,665 someone's everything.'
Deriving from Narendra Modi's continuing charisma, the proposed scheme, if and when implemented, can cut both ways. That is to say, if Modi can win, he can lose. Or, someone else in his place, later on, could lose as much as he could win in his time, points out N Sathiya Moorthy.
Congress leaders accused the government of "murdering democracy" after police stopped them from reaching the Red Fort to start their 'Loktantra Bachao Mashal Shanti March' at 7 pm.
A day after the budget, the upper house of Parliament, Rajay Sabha, will meet to debate the Modi government's last full fledged budget before 2019 polls.
The deficit stood over Rs 8 trillion in the first seven months of the current financial year. Non-tax revenues, comprising transfers from the RBI and dividends of the public sector units, shored up the Centre's revenues.
The Maharashtra cabinet on Thursday cleared a proposal that offers an option of availing the Old Pension Scheme (OPS) to the state government employees who joined the service after November 2005.
The people of Amethi want to rectify their 'mistake' of 2019 and Congress workers as well as leaders are demanding that Rahul Gandhi contest from the constituency in the 2024 Lok Sabha polls, the party's Uttar Pradesh chief Ajay Rai said.
The new Duster will go head-to-head with popular models like Hyundai Creta, Kia Seltos, Volkswagen Taigun, Skoda Kushaq, Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, MG Astor, etc in the highly competitive mid-size SUV segment.
The conditions are related to Pakistan's support to terrorists and terror outfits.
Sectorally, telecom, realty, auto and banks were among the top losers, shedding as much as 2.22 per cent.
'Without a poverty line, how are we to know whether poverty is the same, or it has come down or it has gone up?'
This day too will be completely devoted to oath-taking by newly-elected members of the lower House.
GDP growth of 7.7 per cent in the first half of this fiscal has "left sceptics gasping and woefully behind the curve", an RBI article said on Wednesday. It also stressed the buildup in the growth momentum is likely to be sustained. The article on the state of the economy published in the Reserve Bank's December Bulletin on Wednesday also said CPI-based retail inflation is expected to ease to 4.6 per cent in the first three quarters of 2024-25 from 5.6 per cent in November.
From the Sensex pack, State Bank of India, HDFC, Axis Bank, HDFC Bank, Bharti Airtel, Kotak Mahindra Bank, ICICI Bank, Tata Motors, NTPC and Bajaj Finserv were the major gainers.
Sources said the issues to be raised during the monsoon session of Parliament starting July 19 were discussed at a meeting of the Congress parliamentary strategy group on Wednesday, which was chaired by party chief Sonia Gandhi and attended by former prime minister Manmohan Singh and former Congress president Rahul Gandhi.
From the Sensex pack, Mahindra & Mahindra climbed 3.71 per cent after the company reported an 18 per cent jump in its consolidated profit for the March quarter and the highest-ever annual profit of Rs 10,282 crore in FY23. Titan, Tata Steel, HDFC, UltraTech Cement, State Bank of India, ITC, IndusInd Bank, NTPC, HDFC Bank and Bajaj Finserv were the other major gainers. HCL Technologies, Power Grid, Maruti, Wipro, Tata Consultancy Services, ICICI Bank, Infosys, Tech Mahindra and Hindustan Unilever were the laggards.
The sector may be overcrowded with a fair number of large players and the entry of the Adani Group through its two key acquisitions, followed by the takeover of majority stake in Sanghi Industries via Ambuja Cements. Since every major player is in expansion mode, there could be a capacity surplus and hence, price wars.
'You should ask your boyfriend that,' the stranger replied. 'We've never met in person. We've been talking for two years. Met on Words with Friends on Valentine's Day two years ago when you were travelling in Bali, shooting your Instagram videos.' A sobering excerpt about love and relationships from Shenaz Treasury's lively new book, All He Left Me Was a Recipe: Lessons From My Break-Ups.
After a short-term blip, mutual funds (MFs) are back to adding new systematic investment plan (SIP) investors at a record high pace, which was seen during the financial year 2021-22 (FY22). During the first six months (H1) of this financial year (FY24), MFs have added a net 77 million SIP accounts compared to 56 million during the same period of FY23. The net additions this year are a tad higher than the 76.5 million additions in H1 of FY22.
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