Listed paint majors posted another lacklustre showing in the January-March quarter (Q4) of 2024-25 (FY25), with average revenue growth under 3 per cent. Sales were weighed down by Asian Paints - the market leader and the only major to report a year-on-year (Y-o-Y) decline.
rediffGURU Yogendra Arora answers readers' personal income tax queries.
'He has been one of the clearest thinkers in the history of business.'
'Forget your loss or profit in your portfolio.' 'Look at how much cash you have in hand.' 'If you don't have cash in hand, liquidate at least partially; get into about 20 per cent in cash.'
India succeeded in busting the Pakistani narrative on Operation Sindoor, particularly among the Organisation of Islamic Conference (OIC) member nations, where Islamabad sought succour after carrying out terror activities across the border, Shiv Sena leader Shrikant Shinde said.
Air India Express on Thursday cancelled 85 flights or around 23 per cent of the total daily capacity as the disruptions due to the cabin crew shortage continue and said Air India will operate services on 20 of its routes to minimise inconvenience to passengers.
Fresh order wins for capital goods and industrial companies may have seen a major slump due to Lok Sabha polls in the first quarter of the current financial year (Q1FY25). At the same time, revenue and profit growth trajectory is expected to have stayed the course, according to brokerage firms. Elara Capital, Motilal Oswal, and InCred Equities expect this sector universe to report a 12- 21 per cent growth in revenue, 21 -36 per cent growth in Ebitda and 24-38 per cent growth in profit on a year-on-year (Y-oY) basis.
The feud reached its peak when Musk made explosive allegations about Trump's connection to disgraced financier Jeffrey Epstein, marking a dramatic escalation in their increasingly personal conflict.
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At least 25 people were killed in lightning strikes and hailstorms in several districts of Bihar, India, on Thursday. The India Meteorological Department has issued an 'orange alert' for a number of districts, forecasting heavy rainfall on Friday and Saturday. The state capital, Patna, recorded an average of 42.6 mm rainfall till 5.30 pm.
Bangladesh's interim government chief Professor Muhammad Yunus is considering resigning after political parties failed to reach a common ground, according to the National Citizen Party (NCP) chief. Yunus, appointed after a student-led uprising toppled the previous government, expressed concerns about his ability to function in the current political climate.
'While investors believe in India's long-term growth story and resilience amid global uncertainty, they see near-term risks around the direction of a global trade war.'
Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, which the government said shows resilience of the Indian economy and the effectiveness of cooperative federalism. The gross GST mop-up was Rs 2.10 lakh crore in April 2024 -- the second highest collection ever since GST was rolled out on July 1, 2017. The net mop-up was Rs 1.92 lakh crore.
Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.
After a stellar performance in domestic cricket, premier batter Karun Nair is confident of reclaiming his India cap.
Kamal has a crisp pen when it comes to writing short and yet powerful film dialogues. But while speaking ex tempore -- and that has been his style -- he looks every bit a confused man, observes N Sathiya Moorthy.
He added, "You can never trust Pakistan as long as the Pakistani deep state, Pakistani ISI, Pakistani military's objective is to destabilise Bharat."
The chief adviser's decision to stay in office came two days after he told student-led National Citizen Party (NCP) leaders that he was mulling resignation as he felt "the situation is such that he cannot work", citing difficulties in working amid the failure of political parties to find common ground for change.
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Rajya Sabha MP Kapil Sibal has congratulated both the previous UPA government and the current dispensation for the extradition of Tahawwur Hussain Rana, the mastermind behind the 2008 Mumbai attacks. Sibal expressed confidence that the extradition will shed light on the involvement of individuals within Pakistan's establishment in the attacks. Rana is being questioned by the National Investigation Agency (NIA) to uncover the full extent of the conspiracy behind the deadly 2008 terror strikes. Sibal highlighted the efforts of the UPA government in establishing the NIA and pursuing Rana's extradition, and also acknowledged the current government's success in bringing him back to India. The interrogation is expected to focus on Rana's potential ties to the Lashkar-e-Taiba (LeT) and his role in the Mumbai attacks.
Defence stocks have been on a tear, with the Nifty India Defence index hitting all-time highs. Over the past week, the index jumped around 7 per cent, far outpacing the flat performance of the Nifty 50. Over the past month, its 12 per cent gain has trebled the benchmark's return.
Shubham Dwivedi, a 31-year-old businessman from Kanpur, was shot dead by terrorists in Kashmir's Pahalgam on Tuesday, just two months after his wedding. Dwivedi was on a vacation with his wife and family when the incident occurred. The terrorists reportedly asked Dwivedi to recite an Islamic declaration of faith and shot him in the head when he failed to do so. The attack has sparked outrage and condemnation across India.
When the umpires conducted the routine check on Parag's bat, it was found to be non-compliant. As a result, he was asked to switch to a different bat before resuming his innings.
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Assam Chief Minister Himanta Biswa Sarma on Sunday alleged that Congress MP Gaurav Gogoi visited Pakistan on an invitation from its spy agency Inter-Services Intelligence, and that he worked closely with the establishment of the neighbouring nation.
Chennai Super Kings captain Ruturaj Gaikwad expressed his concerns with his team's struggles in the Powerplay.
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The cricketing fraternity on Monday paid glowing tributes to India's batting talisman Virat Kohli on his retirement from the longest format after an illustrious 14-year-career.
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India is confident of securing the hosting rights for the 2030 Commonwealth Games, despite Canada and Nigeria expressing interest in bidding for the event.
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"Concerned by the situation in the wake of the Earthquake in Myanmar and Thailand. Praying for the safety and wellbeing of everyone," Modi said on X.
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Industry players said the sharp sell-off in February forced many companies to put off their listing plans
Amidst ongoing tensions with the ruling DMK government, Tamil Nadu Governor R N Ravi has invited Vice President Jagdeep Dhankar to inaugurate a meeting of state university Vice Chancellors in the Nilgiris district, sparking criticism from political parties, particularly the Left, who have urged a boycott. The meeting comes in the wake of the Supreme Court ruling in favor of the Tamil Nadu government regarding the appointment of Vice Chancellors, which has stripped the Governor of his previous authority as Chancellor. The Governor, however, maintains his right to convene the meeting, highlighting the ongoing power struggle between the Governor and the state government. The meeting is scheduled for April 25 and 26.
These super-rich Indians intend to reside in their chosen host country permanently while retaining their Indian citizenship.
Vice President Jagdeep Dhankhar expressed gratitude to several leaders, including Congress leader Sonia Gandhi and West Bengal Chief Minister Mamata Banerjee, for their concern and well wishes after he was hospitalized for cardiac-related ailments. Dhankhar, who resumed chairing the Rajya Sabha on Monday, said he was "greatly touched" by the concern expressed across party lines, which contributed to his speedy recovery.
Leading home-grown companies - Dixon Technologies (India), Amber Enterprises India, Tata Electronics, Chennai-based Munoth Industries, and Murugappa Group - along with global majors such as Japan's TDK Corporation, Taiwan's Hon Hai Technology Group (Foxconn), Austria's AT&S Austria Technologie & Systemtechnik AG (AT&S AG), and Japan's Murata Manufacturing Co, among others, have expressed initial interest in participating in the Rs 22,919 crore production-linked incentive (PLI) scheme cleared by the Union Cabinet, according to those privy to stakeholder discussions with the government.
RCB will have to play five games inside 13 days against MI (away), Delhi Capitals (home), Rajasthan Royals (away) and Punjab Kings (home).
Royal Challengers Bengaluru mentor Dinesh Karthik conceded that his side has received a 'challenging' pitch at the Chinnaswamy Stadium this season despite asking for a batting friendly surface.
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