The country's largest car maker Maruti Suzuki India on Friday reported a 47.8 per cent rise in net profit for the March quarter of FY24 to Rs 3,877.8 crore, on account of higher sales volume and favourable commodity prices.
India's GDP may turn positive at 1.3 per cent in the third quarter of 2020-21, having witnessed contraction in the previous two quarters due to the coronavirus pandemic, as the number of cases is falling and public spending has started rising, according to a report. The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday. Projecting that the gross domestic product (GDP) may have returned to the black in the last quarter of the calendar year 2020, DBS Bank in the report said the full-year growth in real terms may be at a negative 6.8 per cent.
With the prediction of an above normal monsoon in 2024, the government is expecting food prices to come down, the finance ministry's monthly economic report for March has said. The report, released on Thursday, said robust foreign inflows and comfortable trade deficits were expected to keep the rupee within a comfortable range. "Further easing of food prices is on the anvil as IMD (India Meteorological Department) has predicted above-normal rainfall during the monsoon season, which is likely to lead to higher production, assuming good spatial and temporal distribution of the rainfall," the monthly report, released by the Department of Economic Affairs, said.
The EC said polling percentage in the Anantnag-Rajouri seat in Jammu and Kashmir is the highest in 40 years.
An approximate voter turnout of 59.06 per cent was recorded in the sixth phase of the Lok Sabha elections on Saturday in 58 constituencies across six states and two Union territories with the polling percentage in the Jangal Mahal region of West Bengal touching 78.19.
Besides the national capital, polling will be held Saturday in 14 seats in Uttar Pradesh, all 10 seats of Haryana, eight seats each in Bihar and West Bengal, six seats in Odisha, four seats in Jharkhand and one seat in Jammu and Kashmir. Simultaneously, polling will be held for 42 assembly constituencies in Odisha.
FMCG major Britannia Industries' results for the January-March quarter (Q4) of the financial year 2023-24 (FY24) were received enthusiastically by the market with the share going up by 6.7 per cent on Monday to close at Rs 5,061.60 on the BSE. However, analysts said the results were in line with margins, and disappointing in terms of revenue growth. The consolidated net sales (excluding other operating income) rose 3 per cent year-on-year (Y-o-Y) to Rs 4,010 crore in Q4.
On the back of robust tax collection, the ratio of direct taxes to gross domestic product (GDP) this financial year is likely to be the highest in this century so far. This, along with strong goods and services tax (GST) collection, may drive up receipts from central taxes as a proportion of GDP to the highest level or close to the highest since 2008-09 despite subdued excise and customs duty receipts. This will be due also to lower nominal GDP projected in the first advance estimates for 2023-24.
England spinner Jack Leach has been ruled out of the remainder of the Test series in India with a left knee injury.
The fresh meat and seafood delivery startup Licious plans to set up 500 stores nationwide within the next five years as part of an omnichannel strategy. The aim is to attract new users in the offline channel and encourage them to transact online as well. The move would also help the company in its efforts to achieve profitability and go for an initial public offering (IPO) in the next 24 months, according to the sources.
Images from Day 8 of the 2024 French Open at Roland Garros on Sunday.
Speaking to reporters in Bengaluru, he said no one has suffered serious injuries and the injured -- both staff and customers -- are being treated in hospital.
After India registered a remarkable victory against England in the second Test, opener Yashasvi Jaiswal said that it was one of the best moments to win a match for the country and mentioned that they were focusing on their processes.
IMAGES from the IPL match between Sunrisers Hyderabad and Rajasthan Royals played in Hyderabad on Thursday
The national recovery rate has been pushed to 96.91 per cent on Wednesday.
Stressing that every question paper has been "accounted for", the NTA said that purported images of the question paper circulating on social media have no relation with the actual paper.
Re-rating of Axis Bank's stock may continue in the near-future, believe analysts, as the risk-reward on the stock remains favourable amid healthy financials. The bullish stance comes after the Mumbai-based lender delivered a strong outperformance in the March quarter of fiscal year 2023-24 (Q4FY24) on core pre-provision profit and net profit, with improving asset quality. Axis Bank's net interest margin (NIM) expanded, against expectations, even in a tough market.
Passenger vehicle wholesales in India touched a record high of 42,18,746 units in the financial year 2023-24, registering a year-on-year growth of 8.4 per cent on the back of robust demand for utility vehicles, industry body SIAM said on Friday. As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), the overall passenger vehicle dispatches stood at 38,90,114 units in fiscal year 2022-23. Two-wheeler sales were up 13.3 per cent last fiscal at 1,79,74,365 units, as compared to 1,58,62,771 units in the financial year 2022-23.
A key moment that is being anticipated in this series is Ashwin touching 500 Test wickets and becoming only second Indian and ninth overall bowler to do so.
'It feels like Assam is good just as a tourist spot and not a place to earn and live.'
The number of people who have recuperated from the disease surged to 97,17,834, pushing the national recovery rate to 95.77 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent.
Among the keenly watched contests are those involving former Uttar Pradesh chief minister Akhilesh Yadav (Kannauj, UP) and Union ministers Giriraj Singh (Begusarai, Bihar), Nityanand Rai (Ujiarpur, Bihar) and Raosaheb Danve (Jalna, Maharashtra).
Despite a largely stable December quarter, investors booked profit in shares of IndusInd Bank (IIB) as an increase in slippages took them by surprise. Analysts, on their part, believe investors may, now, wait for actual delivery on slippage decline, potentially limiting near-term upside. "The management has indicated that corporate slippages (from legacy stressed book) have ended and inch up in consumer finance slippages was more one-off, and should meaningfully improve Q4FY24 onwards.
Jannik Sinner bounced back after losing the first set to beat Tallon Griekspoor in the third round of the Miami Open.
Top government officials in New Delhi have started discussions with stakeholders ranging from shipping and container companies to export promotion councils to understand the impact of the Iran-Israel tensions and plan ahead. Inter-ministerial talks are also being lined up amid the crisis situation in West Asia, sources confirmed. While the crude flows are not directly under any threat, elevated oil prices remain a concern, according to officials.
Hours after Union Minister Shobha Karandlaje's assertion that the suspect involved in the March 1 blast at The Rameshwaram Cafe was from Tamil Nadu, the Bharatiya Janata Party leader issued a retraction and offered an apology.
A delectable spread of special Gujarati and Kathiyawadi delicacies has been curated for the cricketers.
The meeting, proposed at the CM House, has been called to discuss strategy over the current political situation and the Enforcement Directorate's proposed questioning of Chief Minister Hemant Soren on Wednesday, he said.
Many promoters still consider the cash in the company as their money and are averse to sharing this pie with minority investors, points out Akash Prakash.
Despite discounts on Russian crude oil - which fell to the lowest since the Ukraine war began - and the rising sanctions, import volumes from the country will remain stable for now or at least till July, said refinery officials. "There is an appetite for Russian crude, and shipments are not expected to taper off beyond this point unless something major happens. "Talks are on, and buying will continue," an official at a major refinery said.
England's sportsmanship came into question during the Ranchi Test as Ben Foakes claimed he caught Yashasvi Jaiswal that was deemed not out by the third umpire.
'I can feel the master's pain, because he must be sitting there and cursing and saying, 'Why was I born?''
Domestic air traffic rose 4.8 per cent on an annual basis to 126.48 lakh in February, while more than 1.55 lakh passengers were affected by flight delays during the same period, according to official data released on Friday. In February, Air India's market share rose to 12.8 per cent from 12.2 per cent while that of IndiGo marginally dipped to 60.1 per cent from 60.2 per cent in January. The domestic air traffic climbed to 126.48 lakh in February compared to 120.69 lakh in the year-ago period, the Directorate General of Civil Aviation (DGCA) said.
Ahead of the Chhattisgarh Assembly elections last year, Prime Minister Narendra Modi visited Dongargarh, a popular pilgrimage spot, and met Acharya Vidyasagar Maharaj on November 5 and took his blessings.
A day before their return to India, England were dealt a blow with their frontline spinner Jack Leach ruled out of the remaining three Tests with a knee injury.
A low intensity bomb blast at a popular eatery in Bengaluru on Friday left 10 people injured, leading the police to invoke the stringent UAPA provisions in the case. Subsequently, the police were looking into all angles related to the incident.
With 57,989 patients recuperating from COVID-19 in a day, recoveries have surged to 22,80,566 and exceed the total number of active cases of coronavirus infection by nearly 16 lakh (1,572,898). The national recovery rate has increased to 74.90 per cent.
A routine phone call from his mother saved a 24-year-old software engineer from the low intensity blast at the Rameshwaram Cafe in Bengaluru on Friday afternoon where he had gone to have lunch.
Consumer goods firms and auto companies are witnessing an upturn in rural demand, which had been lagging for most of FY24. Expectations of a bumper rabi crop harvest have helped turn the tide. The Reserve Bank of India's (RBI's) Monetary Policy Committee kept the repo rate unchanged last week, noting that as rural demand catches up, consumption is expected to support economic growth in 2024-25.
