'Today, we have 150,000 orders a month. And a monthly sale of Rs 1 crore.'
There have been growing calls for President Rajapaksa's resignation over the past few weeks over his government's mishandling of Sri Lanka's worsening economic crisis.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
Minister says states have no legal way to revoke decision.
Anti-government protesters in Sri Lanka on Tuesday set up a checkpoint on the road leading to the Bandaranaike International Airport in Colombo to prevent the Rajapaksa family loyalists from fleeing the country, as violence and widespread protest continued against the regime over the country's worst economic crisis in decades.
It is not unlikely that ahead of the Lok Sabha elections, the BJP government comes up with more imaginative schemes aimed at constituency-building. The party under Modi's leadership has a more modern thinking in such matters unlike its rivals, which are still steeped only in ideology, points out N Sathiya Moorthy.
Housing finance major HDFC on Monday reported a 16 per cent growth in standalone net profit to Rs 3,700 crore for the January-March quarter, helped by record loan sales on the back of benign interest rates and the resultant fall in cost of funds along with the near-total repayments that culled provisions and credit costs. For the full year, the company, which is working on a reverse merger with its banking subsidiary, has booked a net profit of Rs 13,742 crore, up from Rs 12,027 crore in FY21, vice-chairman and chief executive Keki Mistry said on Monday in an earnings call with analysts. On a consolidated basis, net profit for the quarter surged 21.6 per cent to Rs 6,892 crore on-year and for the full year it jumped 21 per cent to Rs 22,595 crore, Mistry said and guided towards better days.
While most experts suggest the government loosen its purse strings and not worry about the fiscal deficit in a pandemic impacted year, it will be a tightrope walk for the government to increase spending without going overboard.
Biden, while not ruling out the meeting Putin at G20 meet, said that there are conditions attached.
The agency attributed the sharp revision to various high-frequency indicators showing a softness and partly blamed the same to reforms like GST, real estate regulation, and the bankruptcy code which are still a "drag" on the economy.
The only thing that might justify a response is the desperate state of Pakistan's economy and how its people are suffering. But it's better to be heartless for now, argues Shekhar Gupta.
Total income for the quarter ended March 31, 2019, stood at Rs 31,204.5 crore, up by 22.1 per cent from Rs 25,549.7 crore for the quarter ended on March 31, 2018,
Domestic markets may see the return of retail investors finally as earnings from equities have turned positive in recent months, brokerage firm Morgan Stanley said.
The recent migration of marquee investments from Maharashtra to Gujarat seems to have rekindled the Marathi manoos sentiment.
Birla is believed to have bought the property - a 30,000 square feet plot with a built-up area of 25,000 square feet - for personal use.
Country's biggest mortgage lender HDFC on Tuesday announced a festive offer in line with peers like SBI with home loans starting from 6.70 per cent. Last week, SBI as part of festival bonanza offered a concessional home loan rate of 6.70 per cent under its festive offer. This was followed by other lenders like Punjab National Bank and Bank of Baroda.
Sri Lanka's main Opposition party Samagi Jana Balawegaya (SJB) on Tuesday handed over to the parliamentary Speaker motions of no-confidence against the Sri Lanka Podujana Peramuna (SLPP) coalition government and embattled President Gotabaya Rajapaksa, even as the government announced the appointment of a cabinet sub-committee to look into the proposal for a new Constitution.
These smart cities should have the capacity to absorb, adapt and provide opportunities for both the poor rural migrants as well as the educated professionals, say Sujit K Pruseth & Sachi Satapathy.
'The RSS has opposed the introduction of GM Mustard tooth and nail, but PM Modi does not give a hoot for what they think.'
Winless in two matches, both India and Afghanistan are out of the tournament and Thursday's match between the two sides in Dubai has been rendered inconsequential.
The 'Indian story' will be badly damaged if the Modi government is not re-elected, argues investment banker Christopher Wood.
Barack Obama on Friday warned that the race to the White House was not a "reality show".
Richarlison is a rarity among the overindulged footballing elite. In a World Cup which has been overshadowed by social issues, Brazil's latest football sensation is championing more than just one cause, observes Deepti Patwardhan.
The Aam Aadmi Party on Saturday said that they will put up a strong candidate against Gujarat Chief Minister Narendra Modi in the forthcoming Lok Sabha polls.
'As we grew up in service and became seniors ourselves, our commanders advised us to graduate to whiskey since rum did not suit the stature and 'shaan' of a senior officer.' Nitin Sathe recalls his encounters with whiskey on World Whiskey Day.
British Prime Minister Boris Johnson suffered a triple blow following crushing defeats for his Conservative Party in two important by-elections that also prompted the resignation of the party's chairman and one of his close allies, raising another major challenge to the embattled premier's leadership.
Blame the voter, who invariably chooses the promise of hand-outs today in preference to a vague promise of, say, better schools tomorrow. Getting the Supreme Court to issue an edict, or Parliament to pass a law, is no solution, observes T N Ninan.
The neighbour to help in development of 100 smart cities project announced in the Budget.
As per a PMO statement, Modi told the investors that "he believes in a fair, predictable and consistent tax system
'For such prices you could get a place inside New York City and inside London.' 'Rs 7 crore is a million dollars and will bring you a handsome place in any city in the world.' 'The truly strange thing is that the conversion of the rupee's actual value makes India's real estate even more expensive,' says Aakar Patel.
If the real estate sector is properly managed, it could drive not just finance but demand for a range of products and services, observes T N Ninan.
'The decision to supply free food grains is not an economically sound decision because the government will find it very difficult in future to charge anything for food grains.'
It has brought down the minimum capital requirement to $5 million from $10 million.
Legislative process in the country is unduly long and tedious
'To get success in business one should know how to create and attract talent and how to retain it.'
Trudeau, who was in power from 2015 has now won three general elections in less than six years.
Monica Bedi on being evicted out of Bigg Boss.
he said rent that she paid was determined by the government and was the same as for others in her category," the statement said, after a report claimed that she managed to convince the Vajpayee government to reduce the monthly rent of her 2,765.18 square metre house in Lutyens' Delhi from Rs 53,421 to only Rs 8,888 as it was "beyond her paying capacity".
'If credit is not available, people will postpone buying. That's what has happened.'
Rising oil prices, sharp slowdown in mutual fund inflows and steep valuations remain the key risks for Indian investors going ahead.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances