While the corporate sector has benefited from massive capital expenditure, leading to sky-rocketing stock prices, investors would do well to keep an eye on the macroeconomic picture and government finances, not just corporate profits, for signs of trouble, alerts Debashis Basu.
IMAGES from the ICC World Cup match between Pakistan and South Africa, in Chennai, on Friday.
Yet again, it's a Hollywood film that's scoring in Indian cinemas this season.
Despite the best ever quarterly net profit of Rs 3,091 crore during April-June of financial year 2023-24 (Q1FY24), challenges are mounting for InterGlobe Aviation-run IndiGo in the near term, said analysts. Given this, most brokerages have retained their ratings from 'buy to underperform', as well as their target price for the stock. For instance, Motilal Oswal Financial Services has retained its 'neutral' rating on the scrip as it believes the low-cost airline is facing teething issues at present.
The AAP may secure 43 per cent share while the BJP is expected to get 35 per cent vote share.
Voicing his deep concern, the UN chief said that the "hospitals in the south of Gaza are already at capacity and will not be able to accept thousands of new patients from the north."
Digital payments across the country registered a growth of nearly 29 per cent in a year through March 2022, as per the RBI's latest index that measures the adoption of online transactions. The newly constituted RBI's digital payment index (RBI-DPI) stood at 349.3 in March 2022 against 304.06 in September 2021 and 270.59 per cent in March 2021. "The RBI-DPI index has demonstrated significant growth, representing the rapid adoption and deepening of digital payments across the country in recent years," the RBI said in a statement on Wednesday.
India will be hoping to pull off a miracle on Sunday by surviving Australia's relentless bowling onslaught.
Finance Minister Nirmala Sitharaman on Wednesday announced hiking the capital expenditure by 33 per cent to Rs 10 lakh crore for infrastructure development for 2023-24 and will be at 3.3 per cent of the GDP. Presenting the Budget for 2023-24, she said the newly established infrastructure finance secretariat will assist in attracting more private investment. "Capital investment outlay is being increased steeply for the third year in a row by 33 per cent to Rs 10 lakh crore, which would be 3.3 per cent of GDP.
In what could result in a complete overhaul of the Insolvency and Bankruptcy Code (IBC), the insolvency regulator has sought public comments on the regulations it notified under the code to date. The Insolvency and Bankruptcy Board of India (IBBI) has given a window of eight months ending December 31 to all stakeholders to share their views on its regulations. IBBI has called the exercise "crowdsourcing of ideas".
AAP workers, nervous but hopeful, had their eyes glued to LED screens throwing the latest counting trends.
India ended Day 3 at The Oval at 270 for the loss of three wickets.
What would Parliament be without these nine ladies?
KKR relieved to finally get back to winning ways with a 21-run victory against RCB.
The recent sell-off in IT stocks such as Infosys and Tata Consultancy Services (TCS) has resulted in a sharp decline in the IT sector weighting in the Nifty50 index. The sector's weighting in the index has slipped to a five-year low of 12.2 per cent, down from the 17.7 per cent at the end of March 2022. The top IT companies - TCS, Infosys, Wipro, HCL Technologies, and Tech Mahindra - accounted for 13.6 per cent of the index at the end of March this year.
A strong business update for the April-June quarter of the 2023-24 financial year Q1FY24 has led to a big jump of over 7 per cent in the share price of Bajaj Finance on Tuesday (July 4). The non-banking financial company's (NBFC's) new loan book grew 34 per cent with 9.9 million new loans booked in Q1FY24 from 7.2 million loans booked in Q1FY23. The company's total customer franchise rose to 72.98 million (as on June 30, 2023), compared to 60.30 million year-on-year (YoY) with the highest-ever quarterly increase of 3.84 million in Q1FY24. Assets under management (AUM) grew by 32 per cent to about Rs. 270,050 crore in Q1FY24 from Rs. 204,018 crore in Q1FY23.
'Ajit Pawar wants to escape from the clutches of the investigative agencies.'
The growing mismatch between Go First's losses and other group companies' profits was making it tough for the group to fund the losses of the airline venture.
The state had recorded 1,357 new coronavirus infections and one pandemic-related death the day before.
Benchmark BSE Sensex and Nifty soared over 2.5 per cent, logging their best single-day gain in more than three months, on Tuesday after value buying in banking, IT and oil stocks. The 30-share Sensex jumped 1,564.45 points or 2.70 per cent to settle at 59,537.07. During the day, it zoomed 1,627.16 points or 2.80 per cent to 59,599.78. The broader NSE Nifty advanced 446.40 points or 2.58 per cent to 17,759.30.
Cooler weather meant that demand for milk products and value-added items like buttermilk and ice-cream did not show the usual rise.
While the Indian women's football team holds the 60th position in the FIFA rankings, the men's team ranks 100.
This is the fourth supplementary and overall fifth charge sheet or prosecution complaint filed in the case by the ED before a designated special Prevention of Money Laundering Act court in Delhi.
As Australia opted to go with just one pacer for second Test against India, former spinner Steve O'Keefe opened up on the team's chances of beating India at home.
The BJP that was written off by the exit polls put up a spirited fight winning 104 wards.
Prithvi Shaw, Mayank Agarwal. Deepak Hooda, Dinesh Karthik, Umesh Yadav and Umran Malik. Sam Curran, Harry Brook, Jofra Archer and Kagiso Rabada.
IMAGES from Day 4 of the WTC Final played between Australia and India at The Oval in London on Saturday.
The strike at Maruti Suzuki India's plant in Manesar is threatening to spread to Gurgaon-Manesar belt, with a panel of workers of various firms in the region warning that a similar stir could hit others unless demands of their agitating colleagues' at India's largest carmaker are met.
The Delhi high court has directed SpiceJet to deposit "forthwith" Rs 75 crore that has to be paid to media baron Kalanidhi Maran and his Kal Airways towards interest on an arbitral award of Rs 578 crore. The high court said, admittedly, there is no modification of the February 13, 2023 order passed by the Supreme Court in the case, and hence it needs to be followed. "Since the judgment debtor (SpiceJet) had failed to pay an amount of Rs 75 crores to decree holder (Maran and Kal Airways), hence in terms of para 15 (ii) of the order dated February 13, 2023 of the Supreme Court, there is no other alternative except to call upon the judgment debtors to deposit the entire outstanding amount qua interest forthwith, thus is so directed.
Things are looking up for engineering firms and Siemens is likely to be one of the leading beneficiaries. Apart from the generic revival in activity, which is expected to continue through the 2023-24 financial year (FY24), the Budget has a strong infrastructure thrust, which works in Siemens' favour. The company reported a standalone Ebitda (earnings before interest, tax, depreciation and amortisation) of Rs 550 crore (up 66 per cent year-on-year or YoY) in Q1FY23 (Siemens follows the October-September accounting year).
China continues to reel under heavy floods with 277 people dead or missing in rain-triggered disasters since last week, while a key bridge, connecting a national highway, was Tuesday washed away by flood waters.
The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at Rs 10 or above, according to an official source. Vodafone Idea (VIL) board has offered a stake to the government at a par value of Rs 10 per share. "There is a SEBI norm that the acquisition should take place at par value. DoT will clear the acquisition after VIL shares stabilise at Rs 10 or above," an official source told PTI. VIL shares are trading below Rs 10 since April 19.
Amid incessant rains, Gandhi resumed the march from Ramban Wednesday morning but inclement weather forced its suspension. The march will now resume on Friday as tomorrow is a rest day.
The Central Bureau of Investigation (CBI) on Tuesday started its investigation into alleged criminal negligence leading to the Balasore train accident which claimed 278 lives after registering a first information report (FIR), officials said.
'Within a short span, it increased attendance, improved children's physical fitness, and led to a rise in the enrolment ratio.'
Coach Ramesh Powar is 'not concerned at all' as he attributed the poor performance to lack of game time
As per information available, more than 100 witnesses are yet to be examined.
A nurse working at actor Sonam Kapoor Ahuja's Delhi residence was arrested along with her husband for allegedly stealing cash and jewellery worth Rs 2.4 crore in February.
