The Bharatiya Janata Party on Friday decided to boycott all public programmes of Home Minister Sushilkumar Shinde and not respond to any communication from him to the party top brass in his capacity as Leader of the House in Lok Sabha to protest against his Hindu terror remarks till he tenders an apology.
According to reports, the Congress Core Group meet that lasted for almost two hours at the Prime Minister's 7, RCR residence saw the top party leaders deliberating over the political situation arising out of the Trinamool Congress's decision to withdraw support to UPA government.
The overall security situation in Kashmir Valley was reviewed at the core group meeting held on Saturday at the headquarters of army's 15 corps in the high security Badami Bagh cantonment area.
Finally, four years after the Framework Agreement was signed with the main Naga rebel group, there are indications that a final peace agreement maybe signed in November this year, reports Sujit Kumar Chakraborty.
Lucknow Super Giants made it to the playoffs in its first two seasons. Can LSG make it to the final in IPL 2024?
With the Congress all set to accept the long-pending demand for a separate state of Telangana, the matter is slated for discussion at the party's working committee meeting to be convened before the monsoon session commences on August 5
India's largest PSU bank, State Bank of India, delivered excellent results, once the impact of a big jump in employee expenses was adjusted for. The net interest income (NII) beat the Street due to a better net interest margin (NIM) and good loan growth. The credit growth at 5.2 per cent quarter-on-quarter (Q-o-Q) (15 per cent year on year) was excellent for a large bank.
Snapping its declining trend, retail inflation rose to a three-month high of 5.55 per cent in November on firming food prices, including vegetables and cereals, though it remains within the RBI's comfort zone of less than 6 per cent. Inflation based on the Consumer Price Index (CPI) was 4.87 per cent in October and 5.88 per cent in November 2022, the government data released on Tuesday showed. The previous high was 6.83 per cent in August and inflation had been on a decline since then.
Core acquired Georgia-based education solutions company Technical Systems Integrators and New York-based Keenan and Keenan Group, an education consultancy. The two companies have a combined turnover of $25 million, with an average Ebit (earnings before interest and taxes) margin of 16 per cent.
AQuity Solutions is a leading tech-enabled clinical documentation, medical coding and revenue integrity solutions provider in the healthcare domain. On the other hand, IKS Health provides administrative, clinical and operational services to clinicians.
Former RBI governor D Subbarao has suggested that the government should come up with a 10-year road map for privatisation of all Public Sector Banks (PSBs) as it would provide much needed predictability to stakeholders. Subbarao further said that the big bang approach to privatisation of state-owned banks is not desirable but at the same time the issue should not be put on the back burner. "Ideally, we should have a road map, maybe over a 10 year timeframe, to privatise all PSBs. "That will give much needed predictability to all stakeholders," he told PTI.
Brokerage firms on Wednesday appeared divided in their calls on Larsen & Toubro (L&T) after the company's 2023-24 (FY24) October-December quarter (third quarter, or Q3) performance and guidance for the quarters ahead. While few stayed optimistic about the stock over future order inflow prospects, others saw increasing exposure to West Asia and fixed price contracts as a concern. In Wednesday's trade, L&T's share price closed at Rs 3,480 per piece, 4.22 per cent down from its previous day's close.
Zee Entertainment on Friday said it has "pruned" its Technology and Innovation Centre (TIC) by about 50 per cent following the guidance of a special committee, which had conducted a critical assessment of its several business verticals. The MD & CEO has pruned TIC staff strength by 50 per cent to achieve a cost-effective structure, a Bengaluru-based business vertical of the company that offers technology solutions, Zee Entertainment Enterprises Ltd (ZEEL) said in an official statement.
Where do Vijay and his TVK expect to get their votes from? Vijay has a huge fan following among women, but will they automatically become his voters like they had done for MGR's AIADMK, asks N Sathiya Moorthy.
Though the prime minister did not make any direct mention of these issues, he noted that nationalism has been the party's identity, sources said.
Union Home Minister Amit Shah and Uttar Pradesh Chief Minister Yogi Adityanath attended a key BJP meeting in New Delhi on Tuesday as party leaders discussed the ongoing campaign for the state assembly polls ahead of the announcement of its candidates for the initial phases in a few days.
HDFC Bank's January-March quarter result, which came in-line with expectations, failed to enthuse investors. The reason? The management's decision to abstain from providing any specific growth guidance, and analysts' expectations of an arduous road to recovery. Analysts believe the path to normalisation of several growth metrics is unlikely to be a straightforward one, and the road to balance sheet realignment may be long.
The size of Reserve Bank's balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according to the central bank's annual report. In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as on March 2023.
As per ICC rule, every team has to submit its initial squad of 15 by September 5 but the final submission can be done by September 27
Food delivery major Swiggy has received approval from its shareholders for a $1.25 billion initial public offering (IPO), according to filings made with the Registrar of Companies sourced by Tofler. The Bengaluru-based firm plans to raise as much as Rs 3,750 crore (around $450 million) via a fresh issue and up to Rs 6,664 crore (around $800 million) through an offer-for-sale (OFS) component, the filings stated.
The NRAI is also working on organising 'bilateral engagements for its Olympic squad' subject to approval of the government and the Sports Authority of India.
Kings XI Punjab are likely to continue with the captain and coach combine of K L Rahul and Anil Kumble for next year despite finishing sixth in the 2020 Indian Premier League.
Deva recently replaced Hidma as commander of the Maoists' battalion no. 1, the IG added.
The Adani group has exited the financial services business by selling its entire 90 per cent stake in Adani Capital and Adani Housing to private equity (PE) firm Bain Capital for Rs 1,440 crore. The total valuation of the Adani financial services business stands at Rs 1,600 crore. Gaurav Gupta, managing director (MD) and chief executive officer (CEO) of the Adani firms will hold the rest of the stake.
The financial numbers for 2023-24 (FY24) of the four pure-play listed asset management companies (AMCs) have enthused the Street. All firms listed robust growth in net profit and revenue both during the January-March quarter (Q4) of FY24, as well as in full FY24. The strong performance comes amid a positive growth environment for the sector, led by tailwinds such as sharp growth in assets under management (AUM) and robust performance in equity offerings.
Seek advice from Sebi-registered investment advisors whose names are available on Sebi's Web site.
State Bank of India's earnings growth may turn lacklustre in the near-term, warn analysts. This, they said, could be due to margin compression and likely lower fee income over the next one year. "While the cost of deposits is repricing sharply across the system, there will be relatively lower yield expansion going ahead as most of the back-book has been repriced and there is a high competitive pressure on yields.
Rajasthan Royals Director of Cricket Kumar Sangakkara hailed Sanju Samson's contribution after the team sealed a berth in the final of IPL 2022, saying the Kerala man has performed the triple roles of wicketkeeping, captaincy and batting with aplomb.
Mumbai's run machine Sarfaraz Khan was ruled out of the match because of injury.
Re-rating of Axis Bank's stock may continue in the near-future, believe analysts, as the risk-reward on the stock remains favourable amid healthy financials. The bullish stance comes after the Mumbai-based lender delivered a strong outperformance in the March quarter of fiscal year 2023-24 (Q4FY24) on core pre-provision profit and net profit, with improving asset quality. Axis Bank's net interest margin (NIM) expanded, against expectations, even in a tough market.
The National Company Law Tribunal (NCLT) has approved the resolution plan of Twin Star Technologies -- a promoter entity of the Vedanta Resources group -- for the Videocon group. But it has pointed out that the successful resolution applicant is "paying almost nothing" as the amount offered is only 4.15 per cent of total outstanding claim. It noted the hair cut for all the creditors is 95.85 per cent and suggested to both committee of creditors (CoC) and the successful applicant an increase in the payout.
The combined market capitalisation of Adani Group companies fell by Rs 54,876 crore, to Rs 10.92 trillion, as investor sentiment turned bearish on Wednesday. Shares of Adani Transmission fell by 7.7 per cent to close at Rs 886 while those of Adani Power lost 7.1 per cent to end the day at Rs 323. The stock of Adani Enterprises, the flagship company of the group, lost 6.2 per cent to finish at Rs 2,530.
In recent months, several pharma multinational corporations (MNCs) are increasingly turning to Indian companies to expand market reach in the country's pharmaceuticals sector. Sanofi's partnerships with Dr Reddy's, Cipla, and Emcure, AstraZeneca and Mankind Pharma - teaming up for asthma medication distribution - are a few instances of this trend. This strategy allows MNCs to leverage established Indian networks and reach a wider audience. Indian companies also benefit from global brands and expertise, say analysts.
Tata Group's takeover of loss-making national carrier Air India is most likely delayed by a month till January as the completion of procedures taking longer than expected, an official said on Monday. In October, the government accepted the highest bid made by a Tata Sons company for 100 per cent equity shares of Air India and Air India Express along with its 50 per cent stake in ground-handling company AISATS -- the first privatisation in 20 years. At that time, the government had stated that it wanted to complete the transactions, which included Tatas paying Rs 2,700 crore in cash, by December end.
Investments worth more than Rs 80 trillion are expected in roads, railways and urban infrastructure between now and FY30 and the supply chains helping to build this core infrastructure are also readying to cash in on the growth. In the first half of the current financial year, orders worth more than Rs 2.6 trillion were tendered in the roads and railways segment alone, according to data sourced from ICRA Ratings and Research. "India's transportation infrastructure sector is in high gear, and we enjoy a sizable share of it," said S V Desai, whole time director and senior executive vice president (Civil Infrastructure) for Larsen & Toubro.
Union minister and the BJP's election in-charge for Rajasthan Pralhad Joshi, co-in-charge Nitin Patel, the party's in-charge for Rajasthan Arun Singh, state president C P Joshi, Union ministers Gajendra Singh Shekhawat, Arjun Ram Meghwal and Kailash Chaudhary, Leader of Opposition in the state Assembly Rajendra Rathore, Deputy Leader of Opposition and former state president Satish Poonia and other leaders were present at the meeting, which is likely to continue till late, the sources said.
The latest chips can deliver up to 15 per cent better performance than the previous generation, while consuming lower amounts of power.
The International Cricket Council said any player who had been through male puberty would not be able to compete in the women's game at the elite level.
Sources said Rahul's meeting with Pranab follows the former's participation in the Congress Core Group meeting for the first time on July 12.
Former United States president Donald Trump was projected to win the crucial South Carolina primary, beating his Indian-American rival and former United Nations Ambassador Nikki Haley, major American media outlets said minutes after the closing of the polls Saturday.
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