The early bird results for the January-March 2022 quarter (Q4FY22) hint at a slowdown in corporate sector growth in the upcoming quarters. The combined net sales of the 81 early bird companies in the Business Standard sample were up 15.1 per cent year-on-year in Q4FY22; this was less than the 15.9 per cent YoY jump reported in Q3FY22. The slowdown could be much stronger for the domestic market-focused companies, including those in the banking, finance, and insurance (BFSI) space.
A sharp sell-off in the Indian equities markets after a spike in crude oil prices should not be surprising. Historically there is a negative correlation between stock valuations in India and the price of Brent crude oil, which is the benchmark for the Indian crude oil basket. Between 2011 and 2014, crude oil traded above $100 a barrel for an extended period, the Sensex-trailing price/earnings (P/E) was 18X, on average, during the period, nearly 22 per cent lower than the current index P/E of 23X.
'Is the idea of a committed judiciary once again being floated, though surreptitiously, unlike in the past when it was direct?'
Bahujan Samaj Party MP Dhananjay Singh and his wife Jagriti, arrested in connection with the murder of their maid, were on Saturday remanded to two-day police custody by a Delhi court after police told a court in New Delhi that they have to confront them with recordings of CCTV footage regarding the identity of some unidentified persons seen in it.
The percentage was 63.14 per cent in Hathras, 61.89 per cent in Firozabad, 63.04 per cent in Kasganj, 65.7 per cent in Etah, 61.51 per cent in Mainpuri, 59.13 per cent in Farrukhabad, 61.93 per cent in Kannauj and 58.35 per cent in Etawah.
All 41 candidates from Uttar Pradesh, Tamil Nadu, Andhra Pradesh, Bihar, Odisha, Madhya Pradesh, Punjab, Chhattisgarh, Uttarakhand, Jharkhand and Telangana were elected unopposed on Friday after the biennial elections to 57 Rajya Sabha seats were announced recently.
The biggest headwind to the consumption story in FY23 is a sharp decline in government subsidies on food, fertiliser and fuel, and overall decline in revenue expenditure net of interest payments. This, analysts say, will adversely impact purchasing power of households at the lower end of the income pyramid, translating into lower spending on consumer goods and services.
A day after his son's last rites were performed at his native village in Maner, 24 km west of Bihar capital Patna, Jiyanand Rai demanded that the Narendra Modi government avenge Pakistan Army's excesses along the Line of Control.
Here is the lowdown of the each state and parties.
Political temperatures were soaring in several states that could see close contests, with parties trying to keep their flock together and trading accusations of poaching of MLAs.
It is learnt that the Indian team's data analyst CKM Dhananjay prepared a special data analytics package doing an entire SWOT analysis of the World Cup hopefuls as well as opposition since the 2017 Champions Trophy.
Emerging markets such as India have always run higher inflation rates than developed economies such as the US and countries of Western Europe. But for the first time in the past 30 years, the US reported a higher consumer price inflation (CPI) rate than India in five consecutive months. The US reported a CPI rate of 7.5 per cent in January 2022 against 6.01 per cent in India and analysts expect the trend to continue for at least a few months more
The decision was taken considering the complaints of harassment made against the woman by some leaders from the opposition, the BJP and the MNS.
He was accompanied by his father, Shiv Sena president Uddhav Thackeray, and mother Rashmi while filing nomination papers.
NCP president Sharad Pawar said the allegation against the social justice minister was serious and added the party will discuss the issue and decide on it "as soon as possible.
Acting on a specific input, the Raipur police apprehended the seer from a rented room near Bageshwar Dham, located around 25 km from Khajuraho town in MP, Raipur Superintendent of Police Prashant Agrawal said.
In a telephonic interview with rediff.com, Dhananjay Munde squarely blames his uncle for sidelining him in the state BJP for the benefit of Munde's daughter Pankaja Munde-Palwe, who is currently a member of the Maharashtra Legislative Council from Parli, the BJP leader's home town.
Sharad Pawar said it seems the party's decision to wait for the truth to come out after rape allegations were levelled against Munde was right.
The curtain came down on rumbustious electioneering over the last two months when assembly polls were also held in four other states - Goa, Uttarakhand, Punjab and Manipur.
Chhattisgarh Police arrested Hindu religious leader Kalicharan Maharaj from neighbouring Madhya Pradesh on Thursday over his alleged derogatory remarks against Mahatma Gandhi, following which a court here sent him to police remand for two days, an official said.
Hazare has been on a hunger strike since Wednesday in Ralegan Siddhi village in the Maharashtra's Ahmednagar district demanding appointment of anti-corruption watchdogs at the Centre and in Maharashtra and resolution of farmers' issue.
In response to an article posted October 24 -- Want to make money day-trading? 11 tips -- Get Ahead reader Dhananjay Banthia offers seven tips to help day-traders make money.
Experts believe while escalation with Pakistan might not have a significant impact on trade economics, both India and China have major trade and investments in each others' economies. While the dispute might continue, it could have a temporary effect on the markets.
With the Yogi Adityanath government taking credit for cracking down on criminals and making it an election issue, political parties are now having a rethink on aligning with those who have a criminal background but also enjoy influence in their areas.
The market's sensitivity to the US Fed's balance sheet changes makes it vulnerable to the possible tapering of the bond buying programme and the resulting stagnation or even shrinkage in the balance sheet.
Polling for 16 Rajya Sabha seats in four states will be held on Friday amid allegations of attempts at horse-trading by rival parties which have corralled their MLAs in hotels and scenic resorts, prompting the Election Commission to appoint special observers and order videography of the entire exercise.
Sule has been renominated from the Pawar family turf of Baramati, which she represents in the outgoing Lok Sabha whereas grand nephew Parth Pawar, as it does not mention Maval constituency.
These MLAs were present when BJP leader Devendra Fadnavis and NCP's Ajit Pawar were sworn in as chief minister and deputy chief minister at Raj Bhavan. Both the MLAs said they were with the Nationalist Congress Party and expressed solidarity with its president.
Bahujan Samaj Party MP from Uttar Pradesh Dhananjay Singh and his wife Jagriti were on Tuesday arrested in connection with the murder of their 35-year-old maid and "mercilessly" torturing another minor domestic help with sticks and rods.
The Uttar Pradesh government on Thursday slapped the Gangster's Act on mafia don-turned-Bahujan Samaj Party MP Dhananjay Singh who was arrested last week in connection with a double-murder committed in 2010.
Panditanna Munde, elder brother of senior Bharatiya Janata Party leader Gopinath Munde, on Thursday joined the Sharad Pawar-led Nationalist Congress Party in the presence of his son (Gopinath's nephew) Dhananjay, and vowed to defeat his brother in the election.
Don-turned-Bahujan Samaj Party member of Parliament Dhananjay Singh was arrested in Lucknow on Sunday evening in connection with his alleged involvement in a double murder case.
The Central Bureau has summoned Trinamool Congress's member of Parliament Abhishek Banerjee's brother-in-law in connection with a case of alleged illegal coalmining from the mines of the Eastern Coalfields Limited (ECL) in West Bengal's Asansol, involving the "kingpin" of the racket, Anup Manjhi, officials said on Friday.
The latest circular from BSE that sought to cap the price movement of select scrips, especially the mid-, small-cap segments, traded on the exchange is not without a reason. A quick calendar year-to-date price check on the stocks from the categories put under 'Add-on Price Band Framework' by the BSE reveals a total of 210 stocks have seen their market price more than double. Among individual stocks, SC Agrotech, Adinath Textiles, Waaree Renewable Technologies, Steel Strips Infrastructure, Unistar Multimedia, Texel Industries, Raja Bahadur International and Hindustan Everest Tools from the BSE's X and XT group have rallied over 500 per cent during this period. Topping the charts is Gita Renewable Energy, which has zoomed 3,964 per cent to Rs 272.35 now from Rs 6.7 as on December 31, 2020.
Domestic equity markets are in elite company. In May, Indian markets joined select developed markets (DMs) such as the US, UK and Germany to record new all-time highs. Among emerging markets (EMs), Brazil is the other market to have logged new highs this month. Asian peers such as South Korea, Taiwan and New Zealand are currently between 2 per cent and 10 per cent below their previous highs made earlier this year. The domestic markets were among the worst-performing major global markets in April amid a lethal second-wave of covid-19 infections.
The Bharatiya Janata Party leadership tried to influence Karnataka Lokayukta Justice Santosh Hegde against mentioning Chief Minister B S Yeddyurappa's name in the mining report that is all set to be released in July. "I was told by BJP leader Dhananjay Kumar (former Union minister from Mangalore) to go soft on Chief Minister B S Yeddyurappa while preparing the report on illegal mining," said Justice Hegde.
Senior state BJP leaders Eknath Khadse and Pankaja Munde don't find a place in the list, which instead has lesser-known faces like Gopichand Padalkar, Praveen Datke and Ajit Gopchhade.
Fadnavis's comments in the Maharashtra Assembly led to an uproar in the House, with the Shiv Sena raising the issue of alleged suicide of Dadra and Nagar Haveli Lok Sabha member Mohan Delkar.
Fadnavis has assured full support to work out a solution with Prime Minister Narendra Modi and civil aviation ministry after the last round of polling is completed and model code of conduct is withdrawn.
The meeting was attended by the JNU registrar, proctor and other admin officials who briefed the MHRD officials about the incident. Union HRD Minister Ramesh Pokhriyal 'Nishank' has vowed 'strong action' against the perpetrators of the violence at JNU.
