Coal India Limited's (CIL) October-December quarter of financial year 2023-24 (Q3FY24) results have beaten the Street's estimates. Revenue rose 3 per cent year-on-year (Y-o-Y) to Rs 36,200 crore, led by higher volumes and better realisation from Fuel-Supply Agreement (FSA) coal. The blended average selling price (ASP) was down 6 per cent Y-o-Y to Rs 1,727 per tonne, and the FSA ASP was up 3 per cent Y-o-Y to Rs 1,532 per tonne.
Former Central Bureau of Investigation joint director Amit Kumar, who is now posted as Chhattisgarh police ADG, led the probe into the coal scam that resulted in convictions in a number of cases.
Cow vigilante Bittu Bajrangi was remanded in police custody for a day by a Nuh court on Wednesday in connection with communal clashes that erupted in the district on July 31, and the police said his associates will also be arrested soon.
Aashifa had recently eloped with her partner Chand Babu, a resident of the same village, Mishra said.
'The scrapped plane, being transported from Lucknow to Assam on a truck, got stuck beneath the Piprakothi bridge in Motihari, causing a traffic jam'
A Congress delegation on Monday met the family of the Dalit youth, who was allegedly beaten to death last Thursday by a group of people over an old enmity.
The Andhra Pradesh police registered an "attempt to murder" case against former chief minister YS Jagan Mohan Reddy, two senior IPS officers and two retired officials, following a complaint lodged by a TDP MLA, an official said on Friday.
ASP Balveer Singh, IPS, is accused of torturing 5 people in custody.
Cow vigilante Bittu Bajrangi was arrested on Tuesday in connection with communal clashes that erupted in Haryana's Nuh district on July 31, police said.
The bird was caught on Wednesday, and it was fitted with devices which appear to be a camera and a microchip, officials said.
Passenger vehicle sales in India touched a record high of 41.08 lakh units in 2023, growing by 8.3 per cent over the previous year driven by SUVs, which accounted for almost half of the total dispatches from manufacturers to dealers. The record sales have been achieved despite an increase in the average price of vehicles to Rs 11.5 lakh last year as compared to Rs 10.58 lakh in 2022. Market leader Maruti Suzuki, Hyundai Motor India, Tata Motors and Toyota Kirloskar Motor reported their best-ever annual sales in 2023.
South Korean auto giant Hyundai Motor Company is considering tax implications of listing its Indian unit before taking a final call, according to sources privy to the development. Hyundai Motor is mulling an initial public offering (IPO) for its Indian arm to raise around $3 billion (at a valuation of up to $30 billion), and talks are in the early stages between the company and bankers, banking sources revealed. Hyundai Motor India Ltd (HMIL), however, declined to comment on the development.
The incident took place in Narirgir in the Ramgarhwa police station area.
The student was detained three days after the ISIS India head Haris Farooqi alias Harish Ajmal Farukhi and his associate Anurag Singh alias Rehan were arrested in Dhubri district after they had crossed over from Bangladesh.
The police appealed to citizens not to panic and not to believe in any rumour.
'Like every Budget, this time, too, there is chatter around tinkering with the long-term capital gains tax.' 'Investors may not want to jump into the markets until there is clarity on this front.'
'The nylon noose was around his neck; a suicide note was in his hands.'
The Hyderabad-based AIMIM and Bhim Army chief Chandra Shekhar Aazad's outfit Azad Samaj Party (ASP) on Friday announced they will contest on 100 wards in the minority and Dalit-dominated pockets of the city.
There is no impediment to normal operations as Tata Motors puts in place the demerger process of its commercial and passenger vehicles businesses. Instead, the demerger would provide greater manoeuvrability for both new entities to operate independently, according to Tata Motors management. While there may not be immediate value unlocking, it will give investors clarity about future growth and the financials across different segments.
In the October-December quarter (Q3) of FY24, Hindalco reported flat consolidated revenue year-on-year (Y-o-Y) at Rs 52,800 crore. Copper revenue rose due to higher shipments and better Average Selling Price (ASP). Revenue from the aluminium vertical and Novelis declined 3 per cent and 6 per cent Y-o-Y, respectively.
India's smartphone market has fallen by one per cent in the first half of 2022, as shipments of Xiaomi - the top-selling brand - declined 28 per cent due to weak consumer demand in the quarter ended June. According to the International Data Corporation's (IDC's) Worldwide Quarterly Mobile Phone Tracker, 71 million smartphones were shipped from January to June this year. The highest decline was in the below-$100 segment, which lost its market share by 5 per cent.
Orders prohibiting gathering of people were clamped down in Mhow tehsil of Indore district on Thursday after a 25-year-old tribal man died in police firing during a protest over the death of a young woman, officials said.
Pulkit Arya is the son of Vinod Arya, a BJP leader from Haridwar.
As many as 37 per cent of smartphones sold in India in 2022 cost Rs 15,000 or more.
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."
Flipkart, the e-commerce company owned by Walmart, is intensifying its efforts to achieve profitability as it is eyeing a valuation of approximately $60 billion at the time of its initial public offering (IPO), now planned in 2025-2026, instead of this year, according to people familiar with the matter. The firm might consider listing in the US or any other geography, including India. The company, which counts the likes of Amazon and Reliance's JioMart among its competitors in India's burgeoning e-commerce market, had also contemplated launching an IPO in 2022-2023.
Automobile manufacturers are likely to report strong numbers for the September quarter of Financial Year 2023-24 (Q2 FY24), riding on growth across segments and offset by a marginal drop in overall two-wheeler (2W) volumes. Higher average selling price (ASP) year-on-year (YoY), which was necessitated by price hikes taken by original equipment manufacturers (OEMs), and an improved product mix will also aid revenues and margins. Moreover, commodity prices are down on a YoY basis, leading to higher margins in earnings before interest, taxes, depreciation and amortisation (Ebitda).
Recalling that he had already informed the House that the government would not make any compromises in case of allegations of violation of human rights during police custody, Stalin said he had ordered the suspension of ASP Balveer Singh accordingly.
Two days after a fatal boat mishap had claimed 22 lives in the north Kerala district of Malappuram, murder charge has been slapped against the owner of the vessel who was caught from nearby Kozhikode, the police said on Tuesday.
Xiaomi will strengthen its product portfolio and launch 5G devices in the sub-Rs 15,000 segment as it looks to increase its market share in the segment. Xiaomi led the shipments in overall smartphone category in 2021 with a 24 per cent share, according to Counterpoint Research. However, in the 5G segment it is ranked fourth behind One Plus, Samsung, and Vivo, with a 13 per cent share.
As the shocking CCTV visuals of the cruel incident went viral on social media platforms and news channels started telecasting it, police took the 20-year old accused into custody in the early hours of Friday and recorded his arrest later in the day.
Whoever can make acquiring smartphones more affordable will win the sales game.
'Taking forward the ideology of Babasaheb Dr Bhimrao Ambedkar and Kanshiram sahib for 'Bahujan Hitaay - Bahujan Sukhaay', the Aazad Samaj Party (Kanshiram) announced Chandra Shekhar Aazad as candidate from Gorakhpur Sadar (322) seat,' the party said in a statement on social media.
The Akhil Bharat Hindu Mahasabha's had given a call for reciting Hanuman Chalisa inside the Shahi Masjid Idgah to mark the anniversary of the Babri Mosque demolition.
GST taxpayers will be required to reverse by November 30 the input tax credit (ITC) claimed in the last fiscal in case their suppliers fail to deposit the due tax by September 30, the finance ministry has said. The taxpayers, however, can reclaim the ITC later following the deposit of taxes by the supplier. The ministry has inserted Rule 37A in Central Goods and Services Tax rules to give effect to the new provision.
As many as 2,000 tourists stranded in Kasol area of Kullu district owing to incessant rainfall have been evacuated safely, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said on Wednesday.
A police outpost in-charge has also been suspended for not heeding to the family's complaint, in which they had alleged that the woman was sexually assaulted.
While five, including the bus driver, died on the spot, two others succumbed to their injuries on the way to the hospital, the police officer said, adding nine people were seriously injured and were hospitalised.
Bijnor district probation officer Ruby Gupta on Tuesday said when the police along with the woman reached her in-laws' house, the family closed the doors, refusing to keep her with them.
He was produced before chief judicial magistrate Ajanta Agrawal at her residence.
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