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Following a strong performance in the 2022-23 January-March quarter, publicly listed paint industry giants displayed a mixed performance in the 2023-24 (FY24) April-June quarter. While Berger Paints India outperformed its peers and reported results in line with expectations, market leader Asian Paints and Kansai Nerolac Paints fell slightly short of expectations.
Pakistani security officials have claimed arresting an agent of Indian intelligence agency, the Research and Analysis Wing from Qila Saifullah district in Balochistan.
Pakistan Interior Minister Rehman Malik has once again blamed Indian intelligence agency, the Research and Analysis Wing (RAW), for fanning the ongoing armed insurgency in Balochistan.
Smaller players manufacturing electric two-wheelers (E2Ws) are unlikely to raise prices of their models initially in 2024 in order to ensure volumes do not drop. The prices of E2Ws range from Rs 90,000 to Rs 1 lakh, the players being Lohia Auto, Godawari Electric, Emobi, etc. As India's E2W sector gears up to go past one million in 2024, manufacturers are likely to maintain price stability, underpinned by strategic independence from subsidies under Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles II (FAME II), localisation efforts, sustainability initiatives, and a focus on affordability.
According to reports, the militant commanders, including Sim Khan, Mahmood Khan and Maulvi Umer, who were arrested during operation Rah-e-Rast, have confessed that they were provided financial aid, weapons and special training by secret agencies from India and Afghanistan to fight against the Pakistan Army.
'The moment a new election comes, new guarantees are announced.' 'The BJP is adept at diverting people's attention.'
He said most of the passengers on the chartered plane that returned from France were from districts of Banaskantha, Patan, Mehsana and Anand.
Earnings growth trajectory for India's capital goods firms is likely to stay buoyant for the December 2023-ended quarter (Q3 FY24), said analysts. Guidance on margins, ordering activity in an election year and export-related demand would be key monitorables. Brokerages - Motilal Oswal, Nuvama, Kotak Institutional Equities and Prabhudas Lilladher - estimated revenue growth for their capital goods universe to be 11-16 per cent year-on-year (Y-o-Y).
Sukanya Verma looks at how the 33 year old has fared in her decade-long career.
There is no near-term respite for the country's largest fast-moving consumer goods maker, Hindustan Unilever (HUL), which is facing multiple challenges on the growth front. With demand showing no signs of improvement, especially in the rural segment, the October-December quarter (Q3) of 2023-24 (FY24) is likely to be similar to the previous quarter, with volume growth in the low single digits. The stock, which is down 7 per cent over the past year compared to the 11 per cent jump for the S&P BSE Sensex, could underperform the benchmark in the near term as well.
Lahore Commissioner Khusro Pervez has blamed India's intelligence agency Research and Analysis Wing (RAW) for the recent riots in Punjab province.The Daily Times quoted Pervez as saying that the recent anti-Christian riots in Gojra and Sheikhupura were orchestrated by the RAW.He added that various American and Western organisations were trying to create 'an Islamic brigade' in Pakistan by supporting the Indian spy agency.
'Now that all the early adopters have the electric car, governments are backing down in some countries because they do not have the money to subsidise so much.'
Sabalenka has always had the power and, since addressing the frequent on-court meltdowns that once blighted her career, has shown a frightening level of consistency at Grand Slams.
Australia opener David Warner looks likely to get the Test farewell of his choice after being named in the 14-man squad for the opening clash in the three-match series against Pakistan on Sunday.
Petrol and diesel prices were cut by Rs 2 per litre each as state-owned oil companies ended a nearly two-year-long hiatus in rate revision, just hours before the general election schedule was announced.
Director Govind Menon on Bachke Rehna Re Baba, Rekha and Mallika Sherawat.
Serve it with steamed rice, chapattis, salad and papad for a wholesome meal.
This is a good opportunity for long-term investors to pick quality small and midcap stocks at reasonable valuations.
'Shooting with Pankaj was a delightful experience because he was a charming, easy and effortless singer.'
As Ravichandran Ashwin achieved the milestone 100th Test in Mohali, everyone had their lists of his best bowling feats. But Ashwin's finest cricketing moment was probably when he and Hanuma Vihari battled inhuman injury to draw the Sydney Test against Australia after India were bowled out for 36 in the first Test at Adelaide.
A marriage of stuffed eggplant or brinjal and South Indian-flavoured rice has a new outcome.
Here's an interesting recipe from reader Urmi. Share yours!
Sandeep Reddy Vanga's action thriller Animal packs excitement.
Corporate India reported high double-digit growth in net profit for the fourth consecutive quarter in October-December 2023 (Q3FY24), driven by margin gains from lower prices of raw material and energy.
India's manufacturing sector continued with its robust performance in November, mainly on the back of substantial easing in price pressures and strengthening demand from clients, a monthly survey said on Friday. The strong performance of the manufacturing sector is expected to continue in 2024 as well. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose to 56 last month from the eight-month low level of 55.5 recorded in October.
After underperforming its peers in the consumer space in 2022-23, and experiencing a mixed bag in the 2023-24 (FY24) April-June quarter (first quarter, or Q1), brokerages are positive about the medium-term outlook for liquor stocks. Higher raw material costs, concerns regarding increased duties, regulatory changes, and competitive pressures weighed on performance returns in the past quarters. Analysts believe that the sector could experience a reversal of fortunes due to better demand and margin improvements.
Sukanya Verma gives us five reasons to look forward to December 1 when Animal's father-son tale unleashes itself on screens.
Former Research and Analysis Wing chief Sanjeev Tripathi on Tuesday joined the Bharatiya Janata Party ahead of the Lok Sabha elections, following the footsteps of several retired bureaucrats and diplomats finding a career in politics.
It's all eyes on the consumer durables sector during the festival season after a weak Q1FY24 and Q2FY24 was impacted by an erratic monsoon. Traditionally, this period sees the highest number of purchases. Dealers and manufacturers are complaining about low business-to-consumer (B2C) off-take during the first half.
Due to unseasonal rains, the second quarter of financial year 2023-24 (Q2FY24) was disappointing for the room-air conditioner (RAC) segment and Q3FY23 was also slow. While general consumption demand was low in Q3FY24, the low base and the pent-up demand from the first half of financial year 2023-24 (H1FY24) seem to have driven an off-season demand for RACs.
'This team can be more than a super power' 'When you have such a system, then you will automatically have politics in cricket and that is our problem now'
State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on petrol has trimmed due to recent firming up in international oil prices, industry officials said detailing reasons for continuing to hold retail prices. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), who control roughly 90 per cent of India's fuel market, 'voluntarily' have not changed petrol, diesel and cooking gas (LPG) prices for almost two years now, resulting in losses when input cost was higher and profits when raw material prices were lower.
The Congress on Tuesday said the country's interests and concerns must be kept paramount and its fight against terrorism has to be uncompromising, amid a row between India and Canada over the killing of a Khalistani separatist leader in that country.
The papayas from Mumbai were too squishy, the chef raced through the streets of Goa in a police jeep to look for fruit ripened just right only to have security personnel puncture many a hole through them... a new book recalls in detail the struggle to procure and plate perfect papayas for Indira Gandhi during a Commonwealth Heads of Government Meeting (CHOGM) in 1983.
Hindustan Unilever's Q3FY24 performance was lacklustre, with both sales and operating profit barely moving from the year-ago period due to price cuts and higher advertising costs. Besides weak demand, the FMCG (fast-moving consumer goods) major is facing increased competitive pressures, particularly from regional players, which, coupled with a slow recovery in rural markets, could put revenues under pressure going forward. Margins are expected to remain range-bound as benefits from falling raw material costs are expected to be neutralised by rising promotional budgets.
The panel headed by Justice (retired) Ritu Raj Awasthi has submitted its report to the government, calling for an exhaustive overhaul of the law.
In a worrisome trend, researchers have found that candidates with less or poor general aptitude are getting attracted to jobs in the Intelligence Bureau and the Research and Analysis Wing (RAW) among other agencies and suggested changes in selection procedures.
Liquid and powder raw materials worth Rs 2.73 lakh, chemicals worth Rs 2.59 lakh, besides vehicles, two country-made pistols, four magazines, and 14 cartridges were seized from seven accused, he said.
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