Combined net profit estimated to grow 14.6% year-on-year, against a 5.7% decline in the Dec 2015 quarter
Gautam Adani's alleged proximity to Narendra Modi may dent the latter's self-styled image of incorruptibility, points out Kanika Datta.
Indian Oil Corporation (IOC) and two other public sector oil firms will install 22,000 electric vehicle (EV) charging stations over the next 3-5 years to support the nation's target to reduce its carbon intensity and reach net zero emissions by 2070. IOC, the country's largest state-controlled refiner by capacity, will set up EV charging facilities at 10,000 fuel outlets over the next three years, chairman Shrikant Madhav Vaidya said. Bharat Petroleum Corporation Ltd (BPCL) said it will set up 7,000 stations over the next five years while Hindustan Petroleum Corporation Ltd (HPCL) has plans for 5,000 stations.
So how is it going to affect the common citizen?
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The Sensex was around 18,600 by the end of August.
Asian shares ended higher after a string of positive US economic data.
Banks stocks continued to trade weak along with FMCG major ITC.
Imported components account for up to 30% of the firm's total production cost.
India Inc will report good set of numbers in Q4.
Hike in planned public-sector capital expenditure will be credit-positive for infra cos
Biggest ever share sale by any private or public sector co in India.
The price of diesel sold to bulk users has been hiked by about Rs 25 per litre in line with a near 40 per cent rise in international oil prices, but retail rates at petrol pumps remain unchanged, sources said. Petrol pump sales have jumped by a fifth this month after bulk users like bus fleet operators and malls queued up at petrol bunks to buy fuel rather than the usual practice of ordering directly from oil companies, widening the losses of retailers. Worst hit are private retailers like Nayara Energy, Jio-bp and Shell, who have so far refused to curtail any volume despite a surge in sales.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The road show was the virtual launch of the Congress campaign for the assembly polls slated later this year, in which his party has the tough task of dislodging the Bharatiya Janata Party, which has been ruling the state for the last 15 years.
'Cracks continue to appear in more and more houses.' 'We believe the government is not going to tell us the truth.'
Sensex ends in green on boost from bluechip stocks.
In less than two months since the announcement in March, the state has mobilised an armada of small and medium enterprises keen on making components for large equipment manufacturers.
Will Annamalai's attacks on the DMK revert the anti-BJP feeling in Tamil Nadu, asks N Sathiya Moorthy.
The amount is around a fifth of the cumulative investment in fixed assets by these companies.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
Movement of rupee and crude oil prices will also dictate the trend
The Sensex ended 290 points higher at 29,095 mark and the Nifty gained 94 points to close at 8,806 levels.
Ajit Balakrishnan on mapping the Business Serengeti.
Investor confidence has evaporated amid fears over the rising cost of funding India's gaping current account deficit, prompting New Delhi to delay plans to raise much-needed funds through partial privatisations, finance ministry sources said.
>The farmers will go home but the country will not get the agricultural reform it badly needs -- if nothing else, then to prevent a bigger water crisis than already exists, argues T N Ninan.
Maruti is trying to move up the segment by focusing on premium cars, SUVs and even trucks.
Ajit Balakrishnan rewinds to a decade when mobile phones were unheard of and when an IIM degree had a different purpose and value.
In the December quarter, Sensex earnings had contracted 5 per cent.
The government has initiated a process to define standards and guidelines for electric charging stations.
Reliance's big-bang entry across the solar ecosystem will cut dependence on Chinese imports drastically. And Ambani's repeated emphasis that RIL's new energy foray will be 'a truly global business' points that his group is playing not just for a share of the Indian pie but to be the OEM in the larger 5,000 GW global market by 2030, points out Shailesh Dobhal.
Auto companies are now grappling with a slowdown in sales, triggered by pent up demand due to the COVID-led lockdown easing a bit and supply-side issues for raw material.
Private sector firms need to be re-engaged for better infra planning.
About 53 million homes in the country are yet to get electricity and many industries depend on diesel generation sets to meet their requirements.
With little clarity on the demand outlook, investors should wait out the next couple of quarters rather than rush in to catch a falling knife, says Ram Prasad Sahu.
'The situation in the country is very scary.' 'There is an increasing attack on the Constitutional democratic rights of our people.'
Abhijit Chaudhari, Director, GATEFORUM tells you what to expect in the entrance exam this year and how you can prepare for it.
Brokers like Vasudevan are struggling to keep themselves in tune with this super-informed, new-generation retail investor.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
'It would be a travesty if the Malaysian air force likes the Tejas, but decides against it because it sees the IAF reluctance to back the fighter.'
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