Reliance Industries chairman and MD Mukesh Ambani on Tuesday announced an additional Rs 20,000-crore investment for West Bengal over the next three years. Ambani said the fresh investment will be in the areas of digital life solutions, retail and bio-energy.
Prioritising portion control fosters a healthier approach to well-being in the long run, explains Shilpa Joshi.
'If the central government does not give rights to the people of Ladakh, then it won't be good for our country.'
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
The fast-moving consumer goods (FMCG) sector has underperformed the Nifty over the past year as its 20 per cent return is trumped by 29 per cent of the benchmark index. The FMCG index saw a 2.2 per cent drop in the last session, while the Nifty lost 1 per cent. FMCG is seen as a defensive segment. The demand for staples like personal care products, groceries and snacks tend to be stable. FMCG companies are consistent dividend-payers.
Jarange, who was earlier on a hunger strike in the village over his demand for reservation for the Maratha community under the OBC category, had ended his fast on September 14 on the 17th day after Chief Minister Eknath Shinde met him and assured to fulfil his demand.
Kings XI Punjab will be led by KL Rahul this year, and Kumble is well aware of the qualities of the Karnataka-born batsman having seen him from childhood.
Shinde announced that his government is committed to providing reservation to the Maratha community.
Experts recommend awaiting the findings of the 2021 Census, which is yet to be conducted, before introducing population control policies.
Shubman Gill steps into the limelight as the fifth-youngest Indian captain in the IPL's 16-year history.
The biggest bounce is in the realty sector, where the industry index jumped 80%. There's been a turnaround also in automobiles and ancillaries (up 45%). The pharma and health care indices have a welcome return of roughly 35%.
'There is not any negative connotation associated with it.'
State-run bus services have been completely suspended in five Marathwada districts while curfew and Internet shut-down have been imposed in parts of Beed where the houses of political leaders were targeted by protesters.
Aaron took full advantage of the Eden greentop and delivered a beauty to clean up Gill with a knuckle-ball that sharply cut back in.
Jarange, whose hunger strike at Antarwali Sarati village in Jalna district for reservation for the community in government jobs and education entered 12th day, also rejected the fresh outcome of talks held with a delegation of Maratha community leaders and the government late on Friday night in Mumbai.
The two-wheeler sector has been underperforming its peers on the volumes front for over five quarters now. Even in the March quarter, Bajaj Auto and Hero MotoCorp posted a 17-24 per cent YoY decline in volumes, the sharpest in the listed auto universe. The ongoing impact of frequent price hikes, all-time high fuel prices, and muted rural sentiment has led to the lacklustre showing by two-wheeler makers. What has aggravated the situation for two-wheeler companies, which get almost all their sales from the internal combustion engine or ICE-based units, is the traction for electric two-wheelers (EV).
'In some matches I bowl badly and don't realise what went wrong and how to correct. A fast bowling coach can help us correct our mistakes and improve as bowler'
'We are cautious only on sub-sectors that have seen massive melt-up during the past six months.'
Hindustan Unilever's Q3FY24 performance was lacklustre, with both sales and operating profit barely moving from the year-ago period due to price cuts and higher advertising costs. Besides weak demand, the FMCG (fast-moving consumer goods) major is facing increased competitive pressures, particularly from regional players, which, coupled with a slow recovery in rural markets, could put revenues under pressure going forward. Margins are expected to remain range-bound as benefits from falling raw material costs are expected to be neutralised by rising promotional budgets.
Recent RBI data indicates net addition of credit cards is running strong at 18 per cent year-on-year (Y-o-Y), but growth in credit card limits is ahead of loans outstanding. Growth in lower limit cards is decelerating fastest. The West and South have more usage and online transactions are more popular than offline, with metros leading growth.
The ministry said the high powered committee for Ladakh headed by Minister of State for Home Nityanand Rai has been working actively with representatives of the ABL and the KDA and significant progress has been made.
Pilot said he is not backing down from the stand he has taken against the state Congress government saying he is "politely requesting" it to take action in corruption cases from the previous dispensation.
There is no near-term respite for the country's largest fast-moving consumer goods maker, Hindustan Unilever (HUL), which is facing multiple challenges on the growth front. With demand showing no signs of improvement, especially in the rural segment, the October-December quarter (Q3) of 2023-24 (FY24) is likely to be similar to the previous quarter, with volume growth in the low single digits. The stock, which is down 7 per cent over the past year compared to the 11 per cent jump for the S&P BSE Sensex, could underperform the benchmark in the near term as well.
'When the chief minister saw how Manoj Jarange Patil had successfully held the state government hostage to his whims, Eknath Shinde knew he had a very clear chance of enamouring himself to these Maratha agitators by accepting Patil's demands.'
Activist Manoj Jarange on Wednesday reiterated that he will stop drinking water from Wednesday evening if his demand for reservation to the Maratha community is not fulfilled by the Maharashtra government.
Dates are known to be a good source of fibre and since the ordinary eating pattern is restricted to two big meals during Ramzan, dates ensure one doesn't get constipation and there is clear urination. It also has enough calories to satiate the peak of hunger after the fast ends.
The batters could be in for some challenging times with the Supersport Park track expected to aid the fast bowlers as rain threat looms large over the opening Test between India and South Africa, curator Bryan Bloy said on Saturday.
The BJP cannot afford to alienate the OBCs, who have explicitly voiced their opposition to the Maratha quota.
The arrest, the first of a sitting chief minister, came hours after the Delhi high court refused to grant protection to the AAP national convenor from any coercive action by the agency.
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
Reinsurance is a cover that insurers take to transfer their risks to a third party.
'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
With over 80 million Unified Payments Interface (UPI) users, Amazon Pay, the payments business of e-commerce giant Amazon, has been growing at 40-50 per cent year-on-year (Y-o-Y), said Mahendra Nerurkar, chief executive officer (CEO) and vice-president (V-P), Amazon Pay India. "Leveraging just the micro peer-to-peer (P2P) transactions on UPI is not a business model. "While we have enabled those features, we do not chase monthly active users based on this.
Anna Hazare on Wednesday broke his nine-day fast at his village Ralegan Siddhi shortly after Lok Sabha passed the Lokpal Bill, and announced he would form "watchdog bodies" comprising people of "impeccable integrity" to keep an eye on how the law is enforced.
The stock of fast-moving consumer goods major Tata Consumer Products has been reaching new all-time highs on better-than-expected results for the July-September quarter (second quarter, or Q2), strong growth in the food business, and margin gains in the beverage/international business. Most brokerages are positive on the stock, given growth prospects, and believe that rich valuations are justified. The near-term trigger has been the robust operational performance in Q2.
Of the 3,893,149 registered applicants on the MP Rojgar portal, only 21 individuals have been successfully placed in government and semi-government positions since April 2020.
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.
'Due to rural stress, volumes continue to remain an issue for the industry, and we are yet to see any revival in demand.'
Mehidy and Najmul Hossain Shanto (59 not out) combined for 97, and though Rahmat Shah pulled off a spectacular one-handed catch to end Mehidy's knock, the damage was done as Bangladesh eased to victory.
