Something is cooking in online food delivery. After 15 years of grappling with the demands of the business - read cash burn - Gurugram-based Zomato reported its first profit in the first quarter of 2023-24 (FY24). Not satiated, it reported a profit in the following quarter as well: Of Rs 36 crore in the second quarter compared to Rs 2 crore in the first. A year ago, in the second quarter of FY23, it had reported a loss of Rs 251 crore.
If Ahmedabad is India's preferred candidate, as seems likely, hosting Olympics 2036 should give it a leg up: A bigger airport, a better metro network, more hotels, flyovers and so on, observes T N Ninan.
In pursuit of an elusive Olympic medal for India in archery, power couple Deepika Kumari and Atanu Das have left their 11-month-old daughter behind to find lost form and hone their skills under the legendary coach Kim Hyung-Tak, at a South Korean countryside.
Pakistan expected to give all in must-win World Cup clash against Bangladesh
rediffGURU Kanchan Rai, founder, Let Us Talk, offers advice on how to navigate problems in a relationship.
'We are very close to become a theocratic State where Hinduism is the official religion of the government.'
A refreshing cocktail to celebrate summer's favourite fruit.
Srinagar records a low of minus 4.2 degrees.
The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.
'In 1984, Pyongyang just had one hotel and one could not move out without an official escort.' 'India was the only country with an embassy, apart from the socialist countries.'
P V Subramanyam takes a hard look at the pros and cons of both options.
The PM is seen as slipping up in confidence levels as aired by his 'exposure' of the BRS on a crucial issue as alliance negotiations, which is not done under normal circumstances, observes N Sathiya Moorthy.
The banking system's liquidity slipped into deficit for the first time in the current financial year (2023-24) due to the imposition of the Incremental Cash Reserve Ratio (I-CRR) for banks and outflows from goods and services tax (GST) payments, according to dealers. Reserve Bank of India (RBI) data shows it injected Rs 23,644 crore on August 21. The last time liquidity was in deficit was on March 27, when the RBI injected Rs 45,575 crore.
'What we are seeing is some bursts of a cold wave.' 'It comes, troubles you for three-four-five-days and thereafter relaxes for another few days.' 'And then another fresh one (cold wave) comes.'
Delhi recorded a cold wave for the second consecutive day on Friday, with the minimum temperature at Ayanagar in southwest Delhi plunging to a numbing 1.8 degrees Celsius.
Film-makers seem to think a modern woman has to adopt the worst traits of men, observes Deepa Gahlot.
>Look who attended the screening of Director Vikas Bahl's Goodbye, which releases on Friday, October 7, at the Yash Raj Film Studios.
AIIMS Bhubaneswar said out of the 162 bodies kept at the institute, 80 bodies have been handed over to the families of deceased persons while 82 other remain unidentified.
After the successful deployment of Chandrayaan-3's lander and rover on the moon, Indian Space Research Organisation (ISRO) is hoping that their mission life will not be limited to one lunar day or 14 earth days, and that they will come back to life when the sun again rises on the Moon, to carry on with the experiments and studies there.
Fundraising activity in the debt market is gaining momentum ahead of the festival season. Several non-banking financial companies (NBFCs) and the National Bank for Agriculture and Rural Development (Nabard) are planning to raise at least Rs 5,560 crore in the next two days by issuing bonds, with a greenshoe size of Rs 6,370 crore. Ajay Malglunia, managing director and head of investment grade group at JM Financial, said, "The market likes certainty, the market will gain clarity after the US Federal Reserve's (Fed's) policy.
Of late, war films -- particularly those that tell stories of the 1971 War and Kargil -- have been produced.
Benefiting from higher credit off-take and loan repricing, listed commercial banks are expected to post 43.9 per cent year-on-year (YoY) growth in their net profit in the quarter ended June 30 (Q1FY24), analysts have said. Controlled credit costs due to a healthy asset quality profile and a steady treasury book will also support a strong bottom line for the lenders in the first quarter. However, net profit may shrink sequentially, according to analysts' estimates for 13 banks sourced from Bloomberg data.
Equities are the go-to asset class as far as ultra-long-term returns are concerned. Over the past 123 years, global equities have provided an annualised real return of 5 per cent in US dollar terms, while bonds have delivered 1.7 per cent and short-term bills just 0.4 per cent, according to Credit Suisse's Global Investment Returns Yearbook 2023. In collaboration with the London Business School, Credit Suisse has analysed over 100 years of returns for key asset classes in 35 countries.
Pakistan bowling great Wasim Akram on Sunday said the upcoming Asia Cup will test readiness of subcontinental bowlers for 50-overs cricket ahead of the ODI World Cup, but refused to pick any favourites for the tournament.
The Indian economy will grow at around 6.5 per cent in the current fiscal, notwithstanding high crude oil prices and increased uncertainty due climate changes, NITI Aayog member Arvind Virmani said on Thursday. Virmani also asserted that the gross household savings ratio in India has consistently gone up. In an interview with PTI, he said: "My growth projection (of India's GDP growth) is 6.5 per cent plus minus 0.5 per cent... because my experience is that the fluctuations in global GDP more or less has balanced out for us, assuming normal changes."
There were multiple claimants for 15 bodies and the DNA reports were received from the central laboratory in Delhi after about 20 days, officials said.
The government is confident of meeting the fiscal deficit target of 5.9 per cent of gross domestic product (GDP) and the nominal GDP target of 10.5 per cent despite pressure in the initial months of FY24, Economic Affairs secretary Ajay Seth told Business Standard. Normally the initial months of any financial year see proportionally a higher fiscal deficit because the expenditure is evenly paced while revenue picks up in the later months, he said. "This year the proportional fiscal deficit so far is much closer to the target than in most other years.
The Indian Army guards the Line of Actual Control -- India's border with China -- along with the ITBP.
From the Kathak dancer with only the best fashion moves.
Stalin still enjoys a lot of sympathy and empathy as someone wishing well for the state, but not full-throated support as in 2019 and 2021, notes N Sathiya Moorthy.
Beetroot Rasam is a great soup for a chilly day or may be relished with steamed rice and poriyal/upperi/bhaji.
Scenes from Kareena's girly workation.
Large parts of north India reeled under numbing cold on Tuesday with the mercury remaining below freezing point at most places in Jammu and Kashmir, while dense fog in the early hours of the morning hit road and rail traffic movement.
'Earlier in my career DGs were nearly 100 per cent honest.' 'By the time I retired, many DGs have not been honest.' 'One DG asking me to go and meet a home minister whom everybody knew is a corrupt guy.' '
The Chandrayaan-3 mission that aims for a soft landing on the moon's surface, paving the way for future interplanetary missions, carries six payloads that would help ISRO understand the lunar soil and also get the blue planet's photographs from the lunar orbit.
'As a police officer, I had gone on deputation to the prison department; on both occasions (the hanging of Ajmal Kasab and Yakub Memon), the government said that I should remain present.' 'I was not mentally prepared for these sensitive operations and had to work on myself to lead the teams.'
Nasdaq-listed information technology (IT) services firm Cognizant will incur the cost of $400 million over two years as it sets to restructure its operations amid sluggish growth rates. Its NextGen Program aims at simplifying the operating model, optimising corporate functions, and consolidating and realigning office space to reflect a post-pandemic hybrid work environment. As part of this structural shift, Cognizant will eliminate 80,000 seats, or 11 million square feet of real estate in large cities in India.
Images from the ICC Men's ODI World Cup match between India and Pakistan at the Narendra Modi Stadium on Saturday, October 14.
'A person weighing 68 kilograms on the Earth would weigh only over 11 kg on the Moon'
Arjun explores Incredible India... Bhumi visits a temple... Mouni's day is ruined...
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