Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks. In India, domestic fundamentals such as steel consumption remain robust, hence one can take fresh positions in these counters," said Amit Dixit, an analyst at ICICI Securities.
Petr Nitka's advice for Indians: 'It's time we destroyed prejudices and stereotypes'
Russia says IOC decision to ban Russian athletes from Olympic parade unjust
Five troopers of the Rashtriya Rifles and a special police officer were injured Tuesday night when the terrorists attacked a joint check post in the upper reaches of Chattergalla on the Bhaderwah-Pathankot road in the hilly district.
A massive search operation is underway to flush out the terrorists, who are believed to have recently infiltrated from Pakistan, they said.
From stunning sea views to modern architecture and art, their lavish home is indeed a sight for the eyes.
'As a child, I didn't even know that he was an IPS officer... It was much later when I came back to India'
In a sign of the complex security issues surrounding the Israeli delegation, a memorial ceremony for the Israeli athletes killed in the 1972 Munich attack has been moved from outside Paris' City Hall to the Israeli embassy.
Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks.
Banks reported muted treasury gains during April-June of FY25 (Q1FY25) following Reserve Bank of India's (RBI's) revised norms on investment portfolio effective from April 1, 2024, despite softening of government bond yields. "Banks have reported muted treasury gains during Q1 of FY25 despite softening of yields across the curve. "The main reason was change in the investment valuation and classification guidelines by the RBI.
'Investment creates capacity and reduces inflation. Income, employment, and savings rise.'
Most members of the Reserve Bank of India's monetary policy committee (MPC) decided to stick to the course on bringing retail inflation to the target of 4 per cent while voting for maintaining status quo in the April review, except external member Jayanth Varma who voted for a 25 bps cut in the repo rate. "I believe that the extant monetary policy setting is well positioned," RBI governor Shaktikanta Das said in the minutes of the policy review, which came out on Friday. "Monetary policy transmission is continuing and inflation expectations of households are also getting further anchored.
Apollo Hospitals Enterprise (APH) delivered an in-line performance for the April-June quarter of the financial year 2024-2025 (Q1FY25)with growth in the number of patients. AHLL (Apollo Health & Lifestyle), a subsidiary, posted sales growth and profitability. APH also reduced operational costs at Healthco.
Telecom operators stressed that differential pricing for data is necessary for growth.
Of late, net neutrality has generated much debate.
The former chief minister said if there was any danger of his losing from Budgam, then his party colleagues would not have allowed him to contest from Budgam.
The logo of any national institution ought to capture the aspirations of all citizens in an equal manner and, by remaining neutral in all respects thereby, eliminating any possibility of any part/section of society feeling aggrieved, the IMA said.
The government on Tuesday proposed reducing the long-term capital gains tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers.
Flipkart may walk away from ongoing discussions with telecom service provider Airtel for their platform 'Airtel Zero'.
Pakistan Cricket Board CEO Wasim Khan on Saturday hinted that India's league matches in the Asia Cup, which it will be hosting, could be held at a neutral venue if the sport's continental body gives the nod. Pakistan is scheduled to host the Asia Cup T20 tournament in September this year but there remains doubts over India's participation considering the prevailing political climate.
Shigeru Ishiba is expected to prioritise strengthening Japan's military capabilities and fostering deeper international partnerships, particularly with India, with whom Japan shares significant strategic interests, explains Dr Rajaram Panda.
Sunil Gavaskar, chairman of the ICC Cricket Committee, said the neutral umpire system eliminates the suspicion of bias.
The critics say the move is against the interest of the consumers and favours big corporate companies.
India all-rounder Vijay Shankar insists he is not losing sleep over his selection.
The company has added over 1,300 sites across the two states.
Aadhaar architect becomes most visible face to oppose Facebook plan
Brokers believe that the higher charges may not completely deter investors from taking bets in F&O but could help cool down some activity, as the threshold to break even rises.
Fresh order wins for capital goods and industrial companies may have seen a major slump due to Lok Sabha polls in the first quarter of the current financial year (Q1FY25). At the same time, revenue and profit growth trajectory is expected to have stayed the course, according to brokerage firms. Elara Capital, Motilal Oswal, and InCred Equities expect this sector universe to report a 12- 21 per cent growth in revenue, 21 -36 per cent growth in Ebitda and 24-38 per cent growth in profit on a year-on-year (Y-oY) basis.
Samiksha is a carbon copy of her sister, actor Bhumi Pednekar.
Novak Djokovic beat 14-times French Open champion Rafael Nadal in straight sets at the Paris Olympics on Monday.
Ukraine and Russia need to engage with each other to find a solution to the ongoing conflict between them, India said on Friday after Prime Minister Narendra Modi held wide-ranging talks with President Volodymyr Zelenskyy in Kyiv under the shadow of the raging war.
Transcript of Nikhil Pahwa's chat with Rediff readers.
Its pre-consultation paper has been silent on the issue of closed electronic communication network, a loophole telcos can exploit to offer discriminatory pricing.
Mahanagar Gas (MGL) has just hiked prices for compressed natural gas (CNG) and domestic piped natural gas (PNG) in the Mumbai Metro Area. The distributor raised prices by Rs 1.50 per kilogramme (kg) for CNG, bringing the price up to Rs 75 per kg, including taxes. Domestic PNG prices were hiked from Rs 1 per standard cubic meter (SCM) to Rs 48 per SCM, inclusive of taxes.
A DoT panel has backed net neutrality and made some recommendations to push the cause
President Vladimir Putin said on Thursday he supported Russians competing at the 2024 Paris Summer Olympics but that the country should ponder whether it should compete.
Dr Reddy's Laboratories (DRL) is set to acquire Haleon's global portfolio of consumer healthcare brands in the nicotine replacement therapy (NRT) category outside of the US. DRL will pay a total consideration of 500 million, including an upfront cash consideration of 458 million and contingent cash payments up to 42 million based on performances in CY25 and CY26. DRL will acquire the portfolio through the purchase of shares of Northstar Switzerland SARL, a Haleon group firm.
Company has already reached out to its customers and employees
Observing that there is a trust deficit between farmers and the government, the Supreme Court on Wednesday proposed constitution of an independent committee comprising eminent persons to reach out to the protesters to find a solution to their demands.
Larger listed domestic-focused tyre companies have underperformed the benchmarks in the last three months but exporter Balkrishna Industries has bucked the trend. The company, which exports off-highway tyres, has generated 43 per cent returns in this time compared to MRF and Apollo Tyres, which are down 5-10 per cent. In addition to better-than-expected performance in the March quarter, exports and market share gains have helped Balkrishna pull ahead of peers.
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