JP Morgan's decision last week to include Indian government bonds in its Government Bond Index-Emerging Markets (GBI-EM) index and the index suite from June 2024 may be a sort of blessing for India, as the move is estimated to result in an inflow of $25 billion of foreign portfolio investments into the country. The development comes at a time when the spread between the benchmark 10-year government of India bond and the 10-year US government bond has declined to its lowest level in more than 17 years. Low yield spreads make Indian bonds less attractive to foreign portfolio investors (FPIs).
Metal and mining companies, such as Tata Steel, JSW Steel, Hindalco, and Coal India, have been among the top-performing sectors on the bourses in recent months. The S&P BSE Metal Index is up 13 per cent in the past three months, rallying 29 per cent in the past year, outperforming the broader market. For comparison, the benchmark S&P BSE Sensex has only seen a 1.7 per cent increase in the past three months, with a 15 per cent gain since the end of September last year.
Sadeera Samarawickrama top-scored with an unbeaten 91 to power Sri Lanka to an easy five-wicket victory against the Netherlands.
The meeting took place at Fadnavis's residence in Mumbai late Thursday night and lasted for about half an hour, he claimed.
'Given the current dispensation, I have no hope for the legislature passing a law in favour of the LGBTQ community.'
Arjun Menon lists some of the popular songs from the South Indian movies in 2023.
If an extension is granted, the Commission's next hearing will be a long one: From October 16-28, so as to complete the cross-examination of all remaining witnesses.
The recent surge in crude oil prices could shave off the gains made by India Inc in profit margins in the past few quarters. Worse, it comes at a time when consumer demand in the country is slipping and major global economies are witnessing a slowdown. A back-of-the-envelope calculation suggests that the margin expansion accounted for three-fourths of the rise in the listed firms' operating profit between the April-June quarter (Q1) of FY23 and Q1FY24, and only a quarter of profits gains came from revenue growth.
Maha Vikas Aghadi, comprising the Shiv Sena, Nationalist Congress Party and Congress, has called a meeting of its MLAs in Mumbai on June 7.
The BJP and Congress are the top two beneficiaries of the electoral bonds, followed by the Trinamool Congress.
There may be those who could want to go slow, citing the large pendency of follow-up action and court cases that they would have to process and/or proceed with, before raiding more politicians, observes N Sathiya Moorthy.
India celebrates December 16 as Vijay Diwas to commemorate the military victory over Pakistan in 1971.
Even before NCP-Ajit Pawar leaders came to meet in Delhi, the central government decided to buy 200,000 tonnes of onions from farmers at Rs 24.1 per quintal. This was among the highest prices at which onions have ever been bought from farmers.
Senior Janata Dal-United leader Dhananjay Singh pitched for Opposition unity ahead of the 2024 Lok Sabha polls and said party workers in Uttar Pradesh want Bihar Chief Minister Nitish Kumar to contest the elections from the state's Phulpur constituency.
Fadnavis said that with this win in the Rajya Sabha elections, the BJP has started its victory march, which he said would continue till the next polls.
Tata Consultancy Services (TCS), the group's biggest cash generator, overtook Vedanta to become the highest dividend payer in India in FY23. The IT services major paid Rs 42,090 crore for FY23, up 167.4 per cent from Rs 15,738 crore for FY22. The 10 biggest payers together shelled out Rs 2.06 trillion for FY23, more than double the Rs 98,371 crore for FY22.
The veteran politician accused the BJP of breaking duly elected governments in opposition-ruled states even as it boasted about providing a stable government at the Centre.
In a major setback to Maharashtra's ruling alliance of Shiv Sena, Nationalist Congress Party and Congress, the Bharatiya Janata Party on Saturday won three of the six Rajya Sabha seats, while the ruling combine questioned the eight-hour delay in counting of votes.
"Pawar saheb himself had said about the necessity of change in the guard a few days ago. We should see his decision in the light of his age and health also. Everyone has to take a decision according to time, Pawar saheb has taken a decision and he won't take it back," Ajit Pawar said.
'The relationship between Kashmiri Pandits and Article 370 is vexed.' 'Sentiment in Jammu towards Article 370 was largely unfavourable and Jammu resented being lumped with Kashmir and placed on a different footing from the rest of India.'
Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra. It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19. The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).
Deepa Gahlot lists some interesting made-for-OTT hostage dramas that you can watch.
With this decision, Malik will be left with no portfolio in the Shiv Sena-led Maha Vikas Aghadi government.
While Narvekar represents Colaba assembly constituency in Mumbai, Salvi is the MLA from Rajapur segment in Ratnagiri district.
On Tuesday, seven top wrestlers filed a joint petition in the Supreme Court seeking registration of an FIR against Singh
Given the politics behind it all, one possibility is for binding the governor to act according to the decisions of the state government and clarifying his position vis a vis bills and resolutions passed by the state assembly -- or, re-enacted if returned, points out N Sathiya Moorthy.
The SP also alleged that it was the BJP people who got Umesh Pal, a key witness in the 2005 killing of then BSP legislator Raju Pal, murdered.
'We desire to see our children and children-in-law find legal acceptance for their relationship...' Chintan Girish Modi on how parents of LGBTQIA+ Indians have appealed to Chief Justice Chandrachud to 'consider the plea for marriage equality'.
The early bird results for the January-March quarter of 2022-23 (Q4FY23) show a pick-up in earnings growth, despite a slowdown in revenue growth, thanks to a decline in input costs and lower provisioning for bad loans by banks. The combined net profit of 66 companies that have, so far, declared their quarterly results was up 15.2 per cent year-on-year (YoY) in Q4FY23, an improvement from 4.3 per cent YoY growth in Q3. Net sales growth of these companies, however, slowed down to 11.5 per cent YoY in January-March 2023, the slowest rate in eight quarters.
The earnings of India Inc hit a record high in the 2022-23 (FY23) January-March quarter (fourth quarter, or Q4), compared with their poor showing in the previous two quarters of the financial year. The rise in earnings, however, is exclusively led by banking, financial services, and insurance (BFSI) companies. A better-than-expected showing by banks and non-bank lenders in Q4FY23 more than compensated for the earnings contraction in the non-BFSI space.
A special court in Mumbai on Thursday rejected the pleas filed by Maharashtra minister Nawab Malik and former minister Anil Deshmukh seeking a day's bail to vote in the Rajya Sabha elections to be held on Friday.
Restoration of peace and the normal routine of daily life, compared to the past, stands out as its most significant achievement, observes Mohammad Sayeed Malik, the veteran commentator on Kashmir affairs, four years after the abrogation of Article 370.
CBI sleuths conducted raids at three houses of Ghatak in Asansol in Paschim Bardhaman district and one in Lake Gardens area of Kolkata.
Taking no chances after the Rajya Sabha poll setback, the ruling Mahi Vikas Aghadi in Maharashtra has asked all its MLAs to gather in Mumbai ahead of the June 20 election to the state legislative council.
The number of policemen injured in them was 1,443 and 13 were killed, the data showed.
'Is this how you plan to run India? Is this how you plan to save India?' 'If this is your plan, then what happened in Manipur will start happening all over the country.'
MLAs of smaller parties like the Bachhu Kadu-led Prahar and Independent legislators also attended the meeting, Prabhu added.
'They want to win 45 out of 48 seats in Maharashtra in the 2024 general elections and joining hands with Ajit Pawar is in that direction.'
The Bharatiya Janata Party has fielded Union minister Piyush Goyal, as well as its senior leaders Anil Bonde and Dhananjay Mahadik for the upcoming Rajya Sabha elections to six seats from Maharashtra, and senior party leader Devendra Fadnavis asserted that all of them will win.
Marking a vertical split in the Nationalist Congress Party, its senior leader Ajit Pawar joined the Eknath Shinde-led Maharashtra government as deputy chief minister on Sunday.
