Automotive (auto) major Mahindra & Mahindra (M&M), which is readying to launch nine sport utility vehicles (internal combustion engine/ICE), seven Born Electric Vehicles (BEVs), and seven light commercial vehicles by 2030, has outlined an investment of Rs 27,000 crore in its auto business between 2024-25 (FY25) and 2026-27 (FY27). Over the next three years, the company will deploy Rs 37,000 crore, including its auto business, farm business (Rs 5,000 crore), and service business (Rs 5,000 crore).
India's gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand. India's gold demand in value terms rose 20 per cent on an annual basis to Rs 75,470 crore during the January-March period of this year on volume growth as well as a rise in quarterly average prices by 11 per cent.
With Dussehra celebrations all set to take place with pomp and show in the national capital, security arrangements have been made to maintain law and order in the city amid the festive fervour.
The government has been stringent with pricing changes. Prices of 651 essential medicines came down from April 1, 2023 by 6.73 per cent with the government capping ceiling prices of these drugs.
Oil and LNG prices are likely to shoot up if Iran is to block Strait of Hormuz, through which countries like India import crude oil from Saudi Arabia, Iraq and UAE, leading to a spike in inflation, analysts said on the Iran-Israel conflict. The Iran and Israel conflict has escalated over the last few days. Iran first launched drone and rocket attacks on Israel, which retaliated by firing a missile. Crude oil prices have hovered around USD 90 per barrel since the conflict.
Foreign portfolio investors' (FPIs') net investments in the domestic debt market surged in December, marking a 77-month high, that is, since July 2017. According to market participants, this significant uptick in FPI inflows can be attributed to the post-domestic policy outcome and the US Federal Reserve's dovish stance at the December policy. FPI inflows into debt stood at Rs 18,393 crore in December against Rs 14,106 crore in November, according to data on the National Securities Depository Limited.
The Canadian Grand Prix has been dropped from the 2009 Formula One calendar with the season remaining at 18 races.
The launch of the Gr8 calendar saw quite a few television actors on the red carpet.
Over the past eight months, a team of 80 people has been diligently working to harmonise operating procedures across four airlines run by the Tata group, as part of two mergers, revealed Campbell Wilson, Air India's chief executive officer (CEO), on Friday. The Tata group is consolidating its aviation business by merging four airlines into two: Air India and Vistara are merging to form a single full-service carrier, while AIX Connect and Air India Express are combining to create a unified low-cost carrier (as a subsidiary of Air India).
'The primary set took over three months to build with 14,000-15,000 workers employed at a time.'
'We ensured that Mallikajaan's Shahi Mahal lived up to its name.' 'One zardosi panel cost around Rs 4 lakh; the one with the kalpavriksh was around Rs 5 lakh.'
India has been a tea sipping society. But the aromatic wave of coffee culture is wafting across it.
Don't miss the fabulous new Campari Calendar 2012, starring Hollywood actress and supermodel Milla Jovovich!
The Nifty IT index, data shows, has outperformed the markets in each of the last four election years post the result. announcement.
Here's a glimpse of the sizzling new bikini shots from the recently-launched Kingfisher Calendar 2012.
The services sector growth in India rose to a six-month high in January as new business expanded at a faster pace amid buoyant demand from domestic and external clients, a monthly survey said on Monday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 61.8 in January, up from 59 in December, pointing to the sharpest rate of expansion in six months.
Shubman Gill's century during India's second One Day International against Australia at the Holkar Stadium in Indore on Sunday, September 24, 2023, gave the young man admission into an elite club with Sachin Tendulkar and Virat Kohli among others as its 7 members.
Tata Group remained India's largest business conglomerate in market capitalisation in calendar year 2023 while the Mukesh Ambani camp raced ahead of the Adani businesses to become the second-largest. The Tata companies ended 2023 with a combined group market capitalisation of Rs 28.68 trillion, up 35 per cent from the Rs 21.2 trillion at the end of December 2022. Ambani's group mcap is Rs 19.42 trillion at the end of CY23, up 10.7 per cent from the Rs 17.6 trillion a year ago.
A sneak peek at the Kingfisher Calendar 2019.
With India's inclusion in global bond indices starting next financial year, the central government believes there will be greater scope for shifting to borrowings via long-term government securities (G-sec) from short-term instruments. This change may be factored into the FY25 interim Budget. "While this has been our focus, the inclusion of India in global bond indices gives us the opportunity to accelerate the shift towards longer tenure G-secs," an official said, requesting anonymity.
Australian opener David Warner called time on a legendary ODI career on Monday. A look at his ODI career in numbers.
Novak Djokovic took a first unsteady step toward completing the calendar-year Grand Slam on Tuesday as the Serb laboured into the second round of the US Open with a 6-1, 6-7(5), 6-2, 6-1 win over dashing Danish teenager Holger Rune.
Lok Sabha polls will be held in seven phases beginning from April 19 and the counting of votes will take place on June 4 for the world's biggest election exercise in which Prime Minister Narendra Modi will bid for a third consecutive term.
Gold is an excellent asset class for diversification and should be included in all long-term portfolios.
India's hottest (not to mention the most-awaited) calendar of the year is launched. And here's who showed up for the fashionable do!
Australian great Rod Laver says engravers should get to work putting the world number one's name on the Grand Slam trophy for an 11th time.
A look at the launch pictures.
Shares of low-cost airline IndiGo hit record high on the bourses soon after reports of pilot crisis at Vistara emerged. The development also saw airfares surge by around 25 per cent on select routes. Shares of IndiGo hit a lifetime high of ~3,68.5 on April 2, 2024, and has gained 2.4 per cent on the bourses in April.
'Exposure to small and midcap stocks exceeded desired levels in many portfolios, prompting rebalancing.'
The most glamorous swimsuit calendar is all set to be launched and here's what you can expect from it.
Want to study abroad? Heres'a quick look at the annual calendar that includes everything from admission dates, visa processing cycle and the course commencement dates for the universities in 11 major study destinations.
'We see mid-and small-caps as a real pot of gold.' 'From a 10-15 years perspective, mid-and small-cap are likely to outperform the larger index, as they have done in the past.'
'Because it is the only public sector company in this sector, currently.'
'If individual stocks start falling 25% to 30% or more, then I doubt how many of them will be able to withstand that (kind of selloff). That is when you'll see panic coming in.'
Which of these women make the hottest calender girls?
Video: Poonam Pandey's bikini calendar; Kat's tattoo
Foreign banks and private credit funds are queuing up to fund acquisitions by Indian companies who are buying out their local rivals. The Adani Group, Torrent Group, and the Hindujas have approached several foreign banks and private equity (PE) firms to fund their acquisitions. Global investors have about $2 trillion of funds to invest, and about $100 to $150 billion is set aside for India, according to an estimate by JP Morgan.
Defence exports grew 33 per cent in the calendar year 2023 (CY23) to around Rs 21,083 crore while domestic defence orders serviced by listed companies were Rs 48,000 crore. The sector is poised for steady growth. Budgeted domestic capex is likely to hit Rs 3 trillion per annum, and exports could reach $6 billion by FY29.
Around 1.5 crore polling and security personnel, about 55 lakh EVMs and four lakh vehicles will be deployed for the polls, according to the poll authority.
Ace photographer Dabboo Ratnani launched his annual calendar with much fanfare.
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