The Bharatiya Janata Party and the Congress remain the most dominant political forces in Chhattisgarh, though the state has several regional outfits that have pockets of influence, while the Aam Aadmi Party (AAP) is making a determined bid to challenge its well entrenched rivals and make a mark in polls to the 90-member House.
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.
Retail inflation jumped to a 15-month high of 7.44 per cent in July as prices of vegetables and other food items spiked, according to official data released on Monday. The Consumer Price Index (CPI) based inflation was at 4.87 in June and 6.71 per cent in July 2022. Previously, high inflation was recorded at 7.79 per cent in April 2022.
It'll be a miracle for Shikhar Dhawan's side, who not only needed a win against Delhi Capitals, but also needed to boost their net run-rate and neither happened.
Shardul Thakur's better batting ability compared to speedster Prasidh Krishna could prove to be decisive while selecting the extra pacer for World Cup but both are likely to be auditioned if India pick a 17-member squad for the Asia Cup, which is set to be named on Monday.
After bumbling for years since 2014, the Modi government seems to believe that massive government expenditure will lead us to prosperity supported by 'seat-of-the-pants' decision-making, observes Debashis Basu.
The Uttar Pradesh government has withdrawn the 'Y-category' security cover provided to Samajwadi Party leader Azam Khan, saying it was not needed, even as his party decried the move as "unfortunate."
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.
'They've been supporting us throughout the whole competition and getting the win tonight is a good result.'
Lyon surprised virtually everyone in the ground when he hobbled out to bat at number 11
The move to demerge the hotel business into a separate entity by ITC has brought back focus on hotel stocks, which have already seen a good run thus far in fiscal 2023-24 (FY24). Analysts believe there could be more gains in store over the next one year for the stocks in this sector, but suggest investors put in money on a correction only from a long-term perspective. Hotel stocks, according to A K Prabhakar, head of research at IDBI Capital, have seen a good run as travel picked up post Covid in India. Not only have the room rents increased, the occupancy, too, has surged.
Stocks of alcoholic beverage makers have corrected over the last few trading sessions on worries that taxes, competition and costs will hurt sales and profitability. The recent trigger for the decline is Karnataka, which accounts for 15 per cent of overall liquor consumption, increasing duties. The state increased by 20 per cent the additional excise duty on Indian-made foreign liquor (IMFL) on all slabs.
'With the current situation in the global job market, students come back with an added burden of educational loans.'
IMAGES from the Premier League matches played on Saturday
Currently, banks are closed every second and fourth Saturday of a month. Why shouldn't they be shut every Saturday? When most customers carry their banks in their pocket (the app on the mobile phone), there is no need to keep banks open on Saturdays, argues Tamal Bandyopadhyay.
Congress deputy leader in Rajya Sabha Pramod Tiwari said the first priority should be to hold a comprehensive and detailed discussion on the Manipur situation in Parliament, going by the fact that people have been killed and the chief minister himself has admitted that several such incidents have happened in the state.
Notwithstanding lower growth rates recorded in the first quarter (Q1) of 2023-24 (FY24), which spanned from April to June, footwear stocks have seen some gains in the past two trading sessions. Bata India saw an increase of approximately 5 per cent, driven by positive expectations surrounding a potential tie-up in the sports/athleisure segment. This development is viewed favourably due to the segment's higher growth rates.
Uttar Pradesh Special Director General of Police Prashant Kumar on Wednesday said it would not be appropriate to say if Pakistani citizen Seema Haider, who entered India illegally in May and is staying with her partner in Noida, is a spy "unless we have enough proof".
The 34-year-old Indian woman was staying at her 29-year-old Pakistani friend Nasrullah's home in the Upper Dir district of Khyber Pakhtunkhwa. They became friends on Facebook in 2019.
'Especially if their investment horizon is over two years.'
A multi-tier security arrangement has been made at the Central Jail in Dibrugarh where Singh will be lodged.
State Bank of India's earnings growth may turn lacklustre in the near-term, warn analysts. This, they said, could be due to margin compression and likely lower fee income over the next one year. "While the cost of deposits is repricing sharply across the system, there will be relatively lower yield expansion going ahead as most of the back-book has been repriced and there is a high competitive pressure on yields.
India's HS Prannoy showed nerves of steel, advancing to his third successive quarterfinals at the World Championships.
Automotive (auto) and auto ancillary stocks have been in the fast lane thus far in 2023-24 (FY24), with the National Stock Exchange Nifty Auto Index surging nearly 27 per cent, outperforming the Nifty50, which has gained roughly 11 per cent during this period. The top-gear performance of auto stocks at the bourses, according to A K Prabhakar, head of research at IDBI Capital, has been triggered by the premiumisation of products across vehicle manufacturers, which has seen vehicle sales remaining relatively stable. "It is not about higher sales figures now, but about premiumisation.
The police received information around 9 am that a fire had broken out in a house at Mazar Wala Road in Shastri Park's Machhi Market, Deputy Commissioner of Police (Northeast) Joy Tirkey said.
A married Indian woman has travelled to Pakistan's northwestern Khyber Pakhtunkhwa province to meet her friend whom she befriended and fell in love with on Facebook, police said on Sunday.
A 15 per cent water cut will be implemented across Mumbai for 30 days from March 31 to fix a hole in a crucial supply tunnel, the Brihanmumbai Municipal Corporation (BMC) said on Tuesday.
'The pandemic had a significant impact on child trafficking.' 'With economic hardships, traffickers exploited the situation to target desperate parents and children.'
Samajwadi Party MLA Abdullah Azam Khan was disqualified from the Uttar Pradesh assembly on Wednesday, an official said, days after a court sentenced him to two-year imprisonment in a 15-year-old case.
One lucky punter who believed 14 years ago that Josh Tongue would one day play for England and placed a cheeky bet will win 50,000 pounds ($63,000).
Four-time champions CSK put themselves in line for a fifth IPL title triumph
Cement companies witnessed speculative support from investors through FY23 amid hopes of a rebound. After capex announcements in the FY24 Budget, there was further interest due to expectations that government expenditure would boost earnings, besides a generic macro-recovery. Cement earnings were under pressure in FY22 and FY23 due to high raw material and fuel costs; muted demand prevented them passing on the higher cost.
'India has the potential to do a lot more to take advantage of the time today where we stand to gain, geopolitically and in terms of market attractiveness.'
The constant search for excellence has pushed R Ashwin to new heights but by his own admission, it has also been 'incredibly draining'.
American online major Amazon seems to be almost doubling its India investment going by the company's recent announcement during Prime Minister Narendra Modi's state visit to the US. From the time the Seattle-headquartered company started its India journey in 2013, its investment into the country is pegged at $11 billion or roughly $1.1 billion a year. By committing a fresh round of $15 billion by 2030, the Jeff Bezos-founded company's investment would go up to more than $2 billion a year over the next seven years.
Made judgement error against Delhi Capitals, admits Hardik Pandya
Officials said most of the preparations are complete and the counting will start at 8 am on Saturday.
From Hrithik Roshan's mind games in Vikram Vedha to South Korea's biggest blockbuster of 2023 so far, Sukanya Verma lists everything you can watch on streaming platforms this weekend.
State Bank of India (SBI) may carry out a planned Rs 10,000 crore sale of infrastructure bonds in the market this week, with the securities likely to be of 15-year maturity, sources told Business Standard. SBI, the country's largest bank, had last week said its board had approved the issuance of infrastructure bonds in the current fiscal year. It, however, had not mentioned the maturity of the bonds or when the sale would take place.
