The Indian economy is likely to post better than anticipated growth in the second quarter (July-September) owing to robust urban consumption and expansion in services, a Business Standard analysis of high-frequency indicators showed. While gross domestic product growth in the September quarter is expected to come below the 7.8 per cent print in the June quarter due to a favourable base fading, analysts say the print will be much closer to 7 per cent than the 6.5 per cent anticipated earlier. While the Reserve Bank of India (RBI) had estimated 6.5 per cent growth for July-September, last month Governor Shaktikanta Das said the growth figure would surprise on the upside.
The share of women employed in regular salaried jobs in urban India hit a fresh low in the January-March quarter (Q4) of 2023-24 (FY24). In the same period, the share of women engaged in self-employment went up. An analysis of the latest quarterly Periodic Labour Force Survey (PLFS) data showed the share of women in regular wage work among all employed women stood at 52.3 per cent in Q4FY24, down from 53 per cent in the previous quarter.
American Xander Schauffele birdied the final hole to win the PGA Championship by one shot over LIV Golf's Bryson DeChambeau.
The triumphant Mumbai team will receive an additional Rs 5 crore for its unprecedented 42nd Ranji Trophy title after the state cricket association doubled the prize purse on Thursday.
The share of such voters has shrunk to 1.9 per cent of registered voters in 2024 from 2.7 per cent in 2014.
England pace legend Stuart Broad lauded former teammate James Anderson for becoming the first-ever pacer to complete 700 Test wickets, saying that one should "marvel at his skill" besides talking about his dedication and mental resilience.
It's been a good year at the box office. Still, there were some rude shocks as well.
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.
Corporate clients form more than half of the business for most branded hotels, especially in cities.
Indian smartphone sales, traditionally dominated by the entry and mid-range segments, are set to change as high-end and super-premium devices capture consumer attention. The premium category is expected to grow by more than 20 per cent in calendar year (CY) 2024 compared to the previous year. While the overall smartphone market is expected to w
For over a decade, HDFC Bank consistently outperformed industry growth rates in both deposits and advances, maintaining impeccable asset quality. Amid a landscape where other banks struggled with soaring non-performing assets (NPAs), HDFC Bank thrived, eventually surpassing ICICI Bank to become the largest private sector lender in India. Its net interest margin (NIM) remained stable in the range of 4.1-4.4 per cent.
'During times of adversity, a brick becomes better than a stone. That is how I look at the election season.'
'With continued focus on votes, upcoming by-polls and purchasing politicians, the political hierarchy has little time for national defence.' 'They would do well to heed a veteran scholar, who says, "There will be war with China in the next few years. The next full scale war will have the involvement of Pakistan and terror elements, insurgents and intelligence assets operating inside India",' warns Lieutenant General Prakash Katoch (retd).
As the number of students seeking higher education abroad continues to rise, several countries are implementing new rules. Gaurav Batra, CEO and founder of Infinite Group highlights how these changes will impact Indians who are planning to study abroad.
Power Grid Corporation of India (PGCIL) was one of the top Sensex gainers in trade on Monday, ending with gains of nearly 9 per cent. The stock has gained about 42 per cent year-to-date. For the March quarter, the company reported a revenue of Rs 12,000 crore, which was down 3 per cent year-on-year (Y-o-Y) but up 4 per cent quarter-on-quarter (Q-o-Q). The drop was on account of one-time arrears related to the Nagapattinam tariff bid competitive bidding (TBCB) project in Q4 FY23.
Sun Pharmaceutical Industries reported a 34 per cent year-on-year (Y-o-Y) jump in net profit to Rs 2,654.6 crore in Q4FY24.
According to SBI executives, the aim is to do things efficiently with an eye on profitability, and get a feedback on areas, including which business to enter and which to exit.
Bankers said the outlook of M&As in India in 2024, especially in the second half after the Lok Sabha election, seems relatively better.
It is also likely to assume a deflator of around 4 per cent. That could take the nominal GDP outlook for FY21 to around 10 per cent. It is this nominal GDP forecast on the basis of which the finance ministry is calculating key Budget targets like the fiscal deficit as a percentage of GDP and tax revenue growth for the coming year.
2018 recorded a strong uptick in start-up investments on the back of some mega deals and was the best year for the sector, surpassing the previous high of $4.8 billion in 2015.
Australia opener David Warner believes India's Rohit Sharma has the firepower to surpass West Indies great Brian Lara's record 400 not out in a Test match.
Wealth, which can broadly be a measure of assets held as opposed to income earned, is unequally distributed.
Shubhankar Sharma dropped a late bogey after a splendid front nine to shoot 6-under 66 and grab the joint lead at the Horizon Irish Open.
Eight BJP-ruled states have fully vaccinated 50 per cent of their eligible population with the coronavirus vaccine and seven of them have inoculated 90 per cent people with the first dose, numbers not yet achieved by any state ruled by the Congress and its allies, official sources said Monday.
Holders Manchester City cruised into the Champions League quarter-finals for the seventh consecutive season with a 3-1 victory over FC Copenhagen.
After a tentative start, quick commerce (q-commerce) is ablaze, with Blinkit and Zepto slugging it out in a market distinct from other competitors. The latest entrant is Flipkart, which is ramping up its infrastructure in around 12 cities where it will launch the service in the next six to eight weeks, taking on existing players such as Blinkit, Zepto, Instamart, and BigBasket, among others. According to data analysed from Sensor Tower by BofA Global Research, the daily active user (DAU) base of Blinkit has grown by 58 per cent between February 2023 and February 2024.
The final figure of polling could increase and it will be available on Tuesday, officials said.
This is the first time in Mustang's 52-year history that the company has launched the model in India.
S L Narayanan, Harsha Bharathakoti, Karthik Venkataraman and Shamsiddin Vokhidov, the other players who had an outside chance of a shot at the title, missed out after drawn games.
Asian Games trials exemption to Phogat, Punia: HC to pronounce order on Saturday
Young Indian Grandmaster D Gukesh finished fifth while his illustrious compatriot Viswanathan Anand could only manage a tied seventh place in the third leg of the 2023 SuperUnited Rapid and Blitz chess tournament.
Vidwath Kaverappa dismissed Faf du Plessis and Will Jacks but had Virat Kohli dropped twice off his bowling.
Shubhankar Sharma shot his best round of 2023 as he fired a flawless 7-under 65, that included an eagle and five birdies.
Facing opposition fire for exit polls allegedly being used for stock market manipulation, Axis My India's chief Pradeep Gupta has said he is open to facing all kinds of investigations and it would help do business in a much better way if the government frames specific regulations for pollsters.
IMAGES from the semi-final match between India and England played at the Providence Stadium, in Guyana on Thursday.
Lyon will be lauded for his 10-108 over the match, there was little doubt that Green's brilliant knock in a 10th-wicket partnership of 116 runs with Josh Hazlewood set the platform for the victory.
New opener Steve Smith, thrust into the role after David Warner's retirement, fell to Roach for six in the first over of Australia's innings when a seaming delivery was adjudged lbw on review.
'Sonia did not visit this place once since she won. Who's to say they won't lose this one, too?'
Unprecedented success followed India at the junior wrestling World Championships on Thursday with three grapplers, including fast-rising Antim Panghal, storming into the gold medal bouts while Harshita will fight for bronze.
The country's six largest smallcap schemes would require more than 20 days to liquidate half of their holdings, despite most of them maintaining high cash levels and having considerable exposure to more liquid largecap stocks, stress tests conducted by fund houses reveal. For midcap funds, the time required to sell half of the assets of the top six schemes varies between seven and 34 days, according to disclosures made by asset management companies. The Securities and Exchange Board of India (Sebi) had called for such tests in the face of strong inflows into smallcap and midcap funds, despite concerns over high valuations, to keep investors better informed.
