Passenger vehicle wholesales in India rose to a record high in October as companies pushed dispatches to dealers to cater to the enhanced demand in the festive season. The overall passenger vehicle wholesales in October rose to 391,472 units, up 16 per cent from 336,679 units in the same month last year. Last month witnessed the highest-ever dispatches of passenger vehicles in the domestic market by Maruti Suzuki India and Mahindra & Mahindra.
Given the uncertain macroeconomic conditions, most brokerages have turned slightly cautious on the pace of growth in State Bank of India's (SBI's) earnings going ahead. While they don't see any significant risk arising for now, its sheer balance sheet size and systematic importance has nudged them to cut earnings estimates for fiscal year 2023-24 (FY24) and 2024-25 (FY25) up to 5 per cent. India's largest state-owned bank, on Thursday, reported standalone net profit of Rs 16,694.51 crore for Q4FY23.
rediffGURU Nikunj Saraf suggests considering small-cap, mid-cap, and multi-cap mutual funds.
While such buying could indicate confidence in the business, investors should do a comprehensive evaluation before getting into the stock.
The area has been cordoned off and a hunt launched to nab the attackers.
'We all face challenges in life. It's our approach towards them that absolutely decides what you become.'
Instead of only focusing on the tenure for which the best interest rate is available, investors should also focus on their own investment horizon.
Billionaire and Tesla CEO Elon Musk on Thursday offered a "best and final" bid to purchase 100 per cent of microblogging site Twitter for USD 41.39 billion with $54.20 per share in cash.
Deepa Gahlot lists some 2023 movies that you need to watch if you haven't already.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
10 non-bank and non-finance stocks from the BSE500 Index universe that offer an optimal blend of low valuation, reasonably robust revenue and earnings growth in recent quarters, a strong balance sheet, and most importantly, positive cash flow from their operations.
In 2018, Mr Chouhan became chief minister for the fourth time with some support from Mr Scindia. This time, nothing can be said with any certainty.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'You may opt for a longer minimum guaranteed tenure of 12-18 months. This will ensure that in a rising rental scenario, the landlord doesn't serve you a notice and ask you to vacate the property.'
Why Mumbai teen Maleesha Kharwa needs to be on your style radar.
'Our priority is getting Ben fit and ready to play, that's what we are concentrating on.'
You can have a traditional Diwali celebration with your family at these special spots.
In an hour-long chat on rediff.com on Friday, Devangi Bhuta, vice president of Lotus Knowlwealth, offered some valuable tips.
Planning to buy an SUV and your budget is Rs 12 lakh? Here is an opportunity to select the 'best'.
'The girl who helps me at home has had a tough life, yet her perspective of life is so much more positive than mine despite the hardships she's endured.'
'He (Smith) will be so excited to turn up and play cricket. That's what he loves doing and that's what he is very, very good at. Smith and Warner are two of the best players in world cricket, I think Smith will be giving a lot and integrate with the team'
The Central Equipment Identity Register (CEIR) of the department of telecommunications (DoT) has traced 285,000 lost or stolen mobile phones and blocked 680,000 devices since being launched. However, recoveries remain relatively low at 20,771 devices. According to government estimates, around 50,000 mobile phones are stolen every month in the country. Launched nationwide on May 16, the CEIR is a part of the DoT's Sanchar Saathi portal. It is the primary government platform aimed at protecting mobile phone users from various frauds such as identity theft, forged KYC, theft of mobile devices and banking frauds.
From Samsung to Apple iPhone XR, smartphone firms are showering discounts in April.
Narendra D Modi and his party campaigned in these elections uncharacteristically without any big ideas. Of course, winning each election at all costs could be a big idea as well, observes Shekhar Gupta.
With natural and man-made calamities posing a risk to your home, it makes sense to buy home insurance
'If there is any reason to change my holding in Adani group stocks, the Hindenburg report on the group is not the one.'
'Manipur is critical to India's Look East policy.' 'It's a strategic state. In the Second World War, the Japanese entered Manipur through Burma.' 'China can use the same direction to approach India.'
'We are going to have hybrid cars, which, as far as I know, none of our competition is working on, and this includes ethanol.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Biden said over a year later Russian President Vladimir Putin has "failed and he continues to fail".
Experts suggest that it's best to go for the bundled product that has only one-year own damage cover.
The electoral bonds scheme for funding political parties should not become a tool for "legitimisation of quid pro quo" between power centres and people who are benefactors of that power, the Supreme Court said on Thursday as it underscored the need for reducing the cash component in the electoral process.
There's a straightforward relationship between economic activity and power consumption. If economic activity increases, so does power consumption. Since the latest GDP (gross domestic product) data indicates India's growth rates exceeded expectations in the second half if the 2022-23 financial year (H2FY23) and GDP estimates of FY24 are strong, we would expect power consumption to rise as indeed it has. There is also a direct relationship between power consumption and National Thermal Power Corporation or NTPC's results since the public sector undertaking (PSU) is the largest power generator in India.
'When buying a term insurance plan, you need to visualise today what could happen to your family tomorrow in your absence,' suggests Mahavir Chopra, director-health, Coverfox.com.
One hopes in his next term, Narendra Modi will take up the mission of inculcating respect for following rules in Indians as a mission. Therein lies the chance for India to become a developed country, asserts Colonel Anil A Athale (retd).
At Rs 919 crore, InterGlobe Aviation, the parent firm of low-cost airline IndiGo, posted its best-ever fourth quarterly net profit in the January-to-March quarter (Q4) of financial year 2022-23 (FY23). The bottom-line, however, was lower than the Street's expectations where estimates ranged from Rs 1,160 crore to Rs 2,180 crore. On the bourses, shares of IndiGo have added just 30 paise (0.01 per cent) since the announcement of the Q4-FY23 results on May 18.
He is the chief executive and managing director of the second largest private sector lender HDFC Bank
Rediff reader Annapoorni writes about her father KG Girija Vallabhan.
Mergers and acquisitions (M&As) in India are expected to stay buoyant, seen over the last three-four years, despite a slowdown in the first seven months of the calendar year. "M&A is a lumpy business activity, and we may suddenly see large deals taking place during the next two quarters of the calendar year. "This would help maintain the streak of strong M&A activity.
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