Indian tech sector's revenues are set to grow 5.1 per cent to $282.6 billion in FY25, and likely to climb up further to $300 billion in FY26, lobby grouping Nasscom said on Monday. The revenue growth is on the "right trajectory", the body's president Rajesh Nambiar told reporters here, pointing out to revenue growth of 4 per cent in FY24, 5.1 per cent in FY25 and the over 6.1 per cent needed to cross its expectation of crossing $300 billion in FY26.
Anil Chaudhary, a veteran umpire, believes that Indian umpires are struggling due to overemphasis on theoretical knowledge and lack of practical experience.
A police officer in Sambhal, Uttar Pradesh, has sparked outrage after suggesting that those uncomfortable with Holi colors should remain indoors, drawing criticism from opposition parties who accused him of bias and demanded action. The officer's remarks came during a peace committee meeting ahead of Holi, which coincides with Friday prayers during Ramzan. Opposition leaders condemned the statements, calling them "condemnable" and accusing the officer of acting as a "BJP agent." They demanded action against him for his "political statement." The incident comes after violence erupted in Sambhal last year during protests against a court-ordered survey of a Mughal-era mosque.
A convicted murderer is set to be executed by firing squad in the United States state of South Carolina on Friday, marking the state's first use of the method and the first such execution in the US in nearly 15 years.
In a dramatic shift in Canada's foreign policy, Prime Minister Mark Carney on Thursday declared that the long-standing economic and security relationship between Canada and the United States has ended, responding to US President Donald Trump's announcement of new auto tariffs that could severely impact Canada's economy, Politico reported.
Hosts England dominated the proceedings to take control at the end of Day 1 over visitors Ireland at Lord's.
'Ultimately, (Australia captain) Pat Cummins is a really great guy and I would be amazed, once the emotion settles, if he does not sit back and think, 'I got that one wrong', even though his bottom line at the time was winning a Test match.'
India's External Affairs Minister S Jaishankar has stated that the US administration under President Donald Trump is moving towards multipolarity, which aligns with India's interests. He also revealed that India and the US have reached an agreement on the need for a bilateral trade pact. Jaishankar touched upon various foreign policy issues including India's role in the Russia-Ukraine conflict, the trajectory of the BRICS grouping, and relations with China during a session at the Chatham House think-tank in London.
"From President Trump's perspective, the one big shared enterprise that we have is the Quad, which is an understanding where everybody pays their fair share. There are no free riders involved. So that's a good model which works," he said. The Quad alliance consists of the US, India, Australia and Japan.
'If it is not reversed, it will set a dangerous precedent.'
India will be the world's third-largest economy by 2028 as it becomes the world's most sought-after consumer market and gains share in global output, driven by macro stability influenced policy and better infrastructure, Morgan Stanley said. From a $3.5 trillion economy in 2023, the Indian economy is projected to expand to $4.7 trillion in 2026, which will make it the fourth largest in the world behind the US, China and Germany.
Authorities in the communally sensitive city of Sambhal, Uttar Pradesh, have deployed seven companies of Provincial Armed Constabulary (PAC) ahead of Holi and the first Friday of Ramzan, which fall on the same day. Peace committee meetings have been held to ensure peaceful celebrations, with Hindus agreeing to play Holi till 2:30 pm and Muslims to offer Jumma namaz after that time.
From the Sensex pack, Reliance Industries, Bajaj Finserv, HDFC Bank, Adani Ports, Maruti Suzuki India, Axis Bank, Hindustan Unilever, Sun Pharmaceuticals and Asian Paints were among the laggards. Reliance Industries fell the most by 2.38 per cent to close at Rs 1,171.10 apiece.
The Indian rupee depreciated a modest 2.9 per cent in the first nine months of the current fiscal, performing better than other currencies like the Canadian Dollar, South Korean Won and the Brazilian Real, according to the Economic Survey tabled in Parliament on Friday. The value of the Indian Rupee (INR) is market-determined, with no target or specific level or band.
There have been 41 cases of Covid in the most recent four-week period ending mid-January, with three deaths.
Pramod Prasad wishes some things could have been different.
Excess earnings of unlisted companies over and above their interest costs are at a record level. The interest-coverage ratio of 2.94 is the highest going back to 1990-91, according to numbers from the Centre for Monitoring Indian Economy (CMIE). The ratio measures earnings relative to every rupee to be paid as interest on outstanding debt.
Unemployment rate in urban areas during the third quarter (October-December) of FY25 remained unchanged at 6.4 per cent compared to the preceding quarter, according to the latest quarterly Periodic Labour Force Survey (PLFS) data released by the Ministry of Statistics on Tuesday. While the unemployment rate for men worsened marginally to 5.8 per cent in Q3 from 5.7 per cent in Q2, for women, it improved to 8.1 per cent from 8.4 per cent.
In a first, the 'Aero India' mega event will witness participation of two of the world's most advanced fifth-generation fighter aircraft equipped with stealth capabilities -- the Russian Su-57 and the American F-35 Lightning II, the Defence Ministry said on Sunday.
'Our AI strategy -- AI in Everything, Everything for AI, and AI for Everyone -- is now in action.'
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
There is much in Oops! Ab Kya? that continues to linger till the cliff-hanger in the final episode. And yet, there's a great deal about the show that doesn't quite come together, observes Mayur Sanap.
'This moment is special not just for me, but for everyone who has supported my journey.'
Foreign companies now pay less tax relative to their earnings than at any time in more than three decades. Foreign private companies paid 24.36 per cent of their pre-tax profit as tax in 2023-24, show numbers from the Centre for Monitoring Indian Economy (CMIE).
During the talks, India and the US decided to take a big leap in broad-basing their strategic ties in several critical areas.
The finance minister, in her Budget speech, should focus more on what she is directly responsible for, rather than on programmes where her role is largely supportive, notes Nitin Desai.
The Indian government does not track the number of undocumented Indian immigrants residing in the US. Minister of State for External Affairs Kirti Vardhan Singh, in a written response to a query in the Rajya Sabha, said these immigrants have "legally exited India" but have either overstayed their visa validity, or have entered the US illegally or without valid documents. The response comes at a time when Prime Minister Narendra Modi is on a two-day visit to the US, during which he will hold a bilateral meeting with President Trump. The two leaders are likely to discuss India-US cooperation in sectors like trade, investment, energy, defense, technology and immigration.
The General said it was "too early" to take a call on the role of Bangladesh, where a change in government may bring about a change in the relationship between it and India.
Prime Minister Narendra Modi concluded his visit to the United States after holding high-level bilateral talks with President Donald Trump on a wide range of subjects, including trade and technology, defence and security, energy and people-to-people ties. The two leaders decided to take a significant step in deepening their strategic ties, particularly in the areas of defence, energy, and critical technology. Modi also met with key American officials, including National Security Advisor Michael Waltz and Director of National Intelligence Tulsi Gabbard, and prominent business leaders like SpaceX CEO Elon Musk and Indian-American entrepreneur Vivek Ramaswamy.
Bajaj Finance, Bajaj Finserv, NTPC, State Bank of India, Power Grid, HDFC Bank, Tech Mahindra and Asian Paints were the other gainers. However, Zomato, Adani Ports, Tata Consultancy Services, Mahindra & Mahindra, Maruti and Tata Motors were among the laggards.
'Reena stayed in the next building. We fell in love but had to meet secretly because her parents didn't approve of me.' 'I would always be afraid that her parents would get her married off to somebody else.'
The stocks are largely from sectors such as chemicals, finance and cement, which struggled earlier but the worse seems to be behind them.
In Kerala's society, known for its high material standard of living, plunging into a state of having nothing overnight can be terrible for one's social standing and sense of self-esteem. Rehabilitation entails piecing a community back together after a disturbance and while its aim is noble, the act of reassembling will bring alive disparities and inequalities, explains Shyam G Menon.
As the Champions Trophy kicks off, some memorable moments from past tournaments.
'What attitude has spawned such gruesomeness in the state of Saint Tukaram, Saint Dnyaneshwar, and great leaders like Chhatrapati Shivaji, Chhatrapati Shahu, Phule and Ambedkar?'
In an eventful week ahead, stock market investors will take cues from major events like the US Federal Reserve's interest rate decision, the upcoming Union Budget and Q3 earnings, analysts said.
Trump signs order banning participation of transgender athletes
Tata group retail firm Trent Ltd reported a 34 percent increase in consolidated net profit to Rs 496.54 crore in the December quarter, helped by the expansion of the store network and increase in attractive value propositions. The company's consolidated revenue from operations grew 34.32 per cent to Rs 4,656.56 crore during the quarter under review. Trent is also pursuing store portfolio optimization, which involves upgrading or consolidating smaller footprint stores with newer stores in more attractive micro markets.
Countries like Qatar, and Saudi Arabia are also in the running for the 2036 Games hosting rights and it would take a significant effort from India to upstage their bids.
The majority of active largecap funds are set to outperform for the second year in a row in 2024, thanks to the strong performance of their midcap and smallcap allocations.
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