The number of dematerialised (demat) accounts - required to hold shares and other securities in electronics format - crossed the 150-million mark for the first time in March. In March, 3.12 million new demat accounts were added despite a spike in market volatility, taking the total count to 151.4 million. The milestone has come 19 months after the total number of demat accounts hit the 100-million mark, a sign that more domestic households are taking to direct equity investing.
The K-shaped economic recovery in India from the pandemic slowdown shows in corporate results as well. The automobile sector, which represents big-ticket consumption, continues to do well and has increased its share in corporate revenues and profits while fast-moving consumer goods (FMCG) companies that sell low-ticket consumer goods are struggling with poor sales and earnings growth. The share of the automobile sector, including makers of auto ancillaries, in corporate net sales rose to a 10-quarter high of 10.05 per cent during July-September 2023 (Q2FY24) from 8.94 per cent a year earlier and 9.75 per cent in Q1FY24.
Listening to her and showing appreciation can improve your connection, suggests rediffGURU Kanchan Rai.
Make financial planning a part of your education and definitely a part of your marriage, says financial planner Sheetal Jhaveri.
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
After a tentative start, quick commerce (q-commerce) is ablaze, with Blinkit and Zepto slugging it out in a market distinct from other competitors. The latest entrant is Flipkart, which is ramping up its infrastructure in around 12 cities where it will launch the service in the next six to eight weeks, taking on existing players such as Blinkit, Zepto, Instamart, and BigBasket, among others. According to data analysed from Sensor Tower by BofA Global Research, the daily active user (DAU) base of Blinkit has grown by 58 per cent between February 2023 and February 2024.
'It feels like Assam is good just as a tourist spot and not a place to earn and live.'
The political heat in West Bengal has been giving the rising mercury levels serious competition since the high court order.
FMCG major Hindustan Unilever on Wednesday reported a 1.53 per cent decline in consolidated net profit to Rs 2,561 crore for the fourth quarter ended March 31, 2024 due to factors such as deflation and softening of commodity prices. The company had posted a net profit of Rs 2,601 crore in the year-ago period, according to a regulatory filing from HUL. Net sales of Hindustan Unilever Ltd (HUL) were almost flat to Rs 15,013 crore in the March quarter.
The state's economic health is in focus as it has consistently breached the fiscal deficit in eight of the last 10 years since Telangana's formation.
The private sector's new project announcements in the quarter ending March were among the highest on record. The value of new private sector project announcements for the three months ending March 2024 was Rs 9.8 trillion, shows data from tracker Centre for Monitoring Indian Economy (CMIE). This is the second-highest on record in data going back to 2009.
On the second day of the 10-day Ganesh festival, several devotees in Mumbai bid farewell to the idols of their favourite deity after worshipping them for one and a half days.
Expenditure on food articles as a proportion of monthly expenditure is decreasing.
A new research study conducted in Karnataka has found the current eligibility criterion of taking household income for sanctioning of social security pensions to be inappropriate and recommended the South African model which takes into account only the earnings of the beneficiary and spouse.
Savings in deposits by the households rose, however, to Rs 1 trillion (17 per cent) in the year to Rs 6.91 trillion in FY14 as against Rs 5.91 trillion in 2012-13.
Gukesh's journey wasn't easy as his family dug into their savings and also turned to crowd-funding to fuel his dream.
'We need to be far more careful given the fact that while this is group lending, it's essentially unsecured.'
"Is being part of Modi's 'political family' a 'guarantee of protection' for criminals?" Rahul Gandhi asked.
The series starts with the first T20I in Mohali on Thursday, and Afghanistan will look to take inspiration from their impressive outing in the ODI World Cup in October-November last year to prepare in earnest for the upcoming T20 World Cup.
'I was offered the role to begin with...what is important is that I have the opportunity to work with some of the best cricketers in the world and that excites me.'
For four decades, his voice united millions of Indians for an hour every Wednesday as he brought Hindi cinema's greatest songs in an unparalleled radio broadcast.
'What happened to Raj and Simran after running away on the train at the end of DDLJ 20 years later? Have they become flatmates instead of lovers? What happens when the initial chemistry has worn off and love becomes a habit? This has always fascinated me.'
A recent survey revealed that 99.9 per cent of households in Chennai believe they are financially at risk due to ineffective saving habits and misplaced financial optimism.
"On Friday night, four government officers, including an SDM, came and offered me a house in Dilshad Garden but I refused to accept it as they wanted me to shift on a temporary basis," Hassan said.
Fazil Khan was killed in the fire that broke out in a six-story residential building at 2 St Nicholas Place in Harlem, Manhattan that left about 17 other people injured.
The country's per capita income is likely to grow by close to 70 per cent to $4,000 by fiscal 2030 from $2,450 in fiscal 2023, helping it become a middle-income economy with $6-trillion GDP, more than half of which will be coming in from household consumption, says a research report. Per capita income/GDP has risen from $460 in fiscal 2001 to $1,413 in fiscal 2011 and further to $2,150 in fiscal 2021. The biggest growth driver will be external trade which may nearly double to $2.1 trillion by 2030 from $1.2 trillion in fiscal 2023 when the GDP printed in at $3.5 trillion, Standard Chartered Bank said in a weekend report which assumes a 10 per cent nominal GDP growth annually from now on.
'And here I was, walking as a showstopper. I couldn't have imagined a more beautiful gift.'
'We can't sit back clutching our memories of the riots. The country, the future of our children are more important.' Jyoti Punwani reports on an unusual election meeting in Mumbai.
Tomato prices in retail markets of metro cities have shot up to Rs 72 per kilogram on tight supply due to unseasonal rains in key producing states like Madhya Pradesh and Maharashtra.
'The decrease in the popularity of white cars and the rise in preference for darker colours like black, grey, and blue over the past three years reflect changing consumer attitudes.'
For the third month running, investors opened over four million new demat accounts in February, showing growing household confidence in stock markets and their increased risk appetite. Over 13.12 million new demat accounts have been opened in the last three months, taking the total count close to the 150-million mark. Demat accounts are needed for trading and holding shares electronically.
These few and far between 'sops for votes' are the reason why the Jenu Kuruba community, which is fighting the government for decades for even the basic amenities -- like land rights, access to water and electricity -- bother to cast their votes, said J K Thimma, head of the settlement.
A piquant curry to jazz up steamed rice. Have it with papad.
'Somebody was using somebody to make statements that will stir the stock market and lead to a surge.' 'A sudden surge and a sudden crash is always an ideal situation for people to make illicit gains and then siphoning off the money.'
In a state that usually plumbs for a Dravidian major, three candidates have a chance of delivering for the BJP, observes A Ganesh Nadar.
Many promoters still consider the cash in the company as their money and are averse to sharing this pie with minority investors, points out Akash Prakash.
The fascinating story of this man was one of the most searched topics on Google after the trailer was launched with Irrfan's Tomar, his gaze fixed at a journalist interviewing him, mouthing that iconic dialogue "beehad mein baaghi hote hain, dacait milte hain Parliament mein".
The effects of the global financial meltdown are not restricted to the corporate sector, but have also precipitated to the savings and investment pattern of Indian households.
At present, a 14.2-kg LPG cylinder in the national capital costs Rs 1,103. It will cost Rs 903 when the Centre's decision is implemented from Wednesday.
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