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.
Besides Rani's exclusion, there are no further surprises as India went or a tried and tested squad, which has been playing together for a long time.
Terror group Al Qaeda is "shaping" its regional affiliate in the Indian subcontinent to spread its operations into Jammu and Kashmir, Bangladesh and Myanmar, according to a UN report.
HDFC Bank has reshuffled the portfolios of its senior management team. This is the first major rejig after the amalgamation of HDFC Ltd on July 1. "The runway for our growth is large. This change is being done to bring in a very sharp focus on leveraging what we have built and for enhanced execution," said Sashidhar Jagdishan, managing director and chief executive of HDFC Bank, explaining the reason for this overhaul.
ICICI Bank reported good results for the October-December 2023 quarter (Q3), with 24 per cent year-on-year (Y-o-Y) growth in profit after tax (PAT). Net interest margin (NIM) dropped 10 bps quarter-on-quarter (Q-o-Q) to 4.43 per cent. Credit growth was at 19 per cent Y-o-Y (4 per cent Q-o-Q), while deposit growth was at 19 per cent Y-o-Y (3 per cent Q-o-Q).
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.
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.
Jim Ratcliffe pledged to invest $300 million in Manchester United to try to revive its fortunes.
Carving out Rayalseema is aimed at reducing the clout and weightage of Jagan Mohan Reddy, who commands strong support in the region.
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.
UB Group's other businesses are being aggressively being ramped up. The group recently entered apparel exports to add to its leather exports business. These are in addition to a sturdy fertiliser arm, an engineering construction firm and a property development business which is getting into building high-end apartments.
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 Shiv Sena split into the Uddhav Thackeray and Shinde factions last year, after which the former filed petitions with the Speaker seeking disqualification of several MLAs belonging to the chief minister's camp.
The idea is to do away with the need for the approval of the Core Group of Secretaries on Divestment for privatisation of companies, especially in non-strategic sectors.
Chennai Super Kings crushed Kings XI Punjab by nine wickets to end their worst-ever IPL season on a positive note, with Ruturaj Gaikwad's third successive half-century providing hope for a bright future.
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.
Growing concerns over slower-than-expected margin recovery, amid weak deposit growth have caught HDFC Bank's investors off guard. HDFC Bank's stock on Wednesday plunged nearly 9 per cent to hit an intraday low of Rs 1,527 on the BSE after reporting weaker-than-expected earnings in the third quarter (October - December) of the current financial year (Q3FY24). The shares of India's biggest private lender closed at Rs 1,536.9, down 8.46 per cent.
No other corporate house in India is in a better position than Tata group for the takeover of debt-laden airline Air India, former deputy chairman of erstwhile Planning Commission Montek Singh Ahluwalia said on Thursday. Tata Sons has emerged as the top bidder for the takeover of the state-run airline but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah. "You can't have a better corporate, with a better position than the Tatas, we can hand it (state-run airline Air India) over," he said while replying to a question in a virtual event.
The NHRC said it has taken suo motu cognisance of the issues related to the cremation and undignified treatment of dead bodies as raised by Jitendra Singh Shunty, a member of its Core Group of Human Rights Defenders.
A section of state leaders are reportedly miffed with Rawat's leadership and are of the view that the party's electoral prospects under him may not be very bright.
'Try to buy a policy with a lower sum assured or one with a deductible.' 'Those whose spouses work for companies must get themselves enrolled into the employer's group health cover.' 'Some public sector banks also offer group health covers to those who open a savings account with them.'
Indian women's hockey captain Rani Rampal, her six team-mates and two support staff members have recovered from COVID-19 infection after spending two weeks in quarantine at the Sports Authority of India's Centre in Bengaluru.
Six Trinamool Congress ministers on Friday submitted their resignations to Prime Minister Manmohan Singh who expressed sadness over the ally's decision in protest against allowing foreign direct investment in multi-brand retail.
The Congress Core Committee met in New Delhi on Friday to deliberate on the delicate Telangana issue on which party leader Ghulam Nabi Azad submitted a report amid indications that a decision on it will take some more time. Amid mounting pressure from pro-Telangana groups whose agitation for a separate state continued for the 18th day on Friday, Congress' top brass, including Prime Minister Manmohan Singh and party chief Sonia Gandhi, met in Delhi.
Parrikar's poor health has sparked speculation over his continuation as the chief minister of Goa, and Shah had recently sent a central party leaders team to the coastal state to speak to allies and take stock of political situation.
Ollie Pope, whose sensational 196 formed the core of England's 28-run win over India in the first Test in Hyderabad, said on Sunday that he practiced those sweeps and reverse sweeps extensively before arriving on these shores.
More asset sales may be only way out, though most of the group companies' ratings have been downgraded and their combined market value is now a fraction of their combined debt.
According to TimesJobs.com's latest Compensation and Benefit survey, employees prefer in-hand salary rather than medical facilities, post-retirement benefits and other perks.
With general elections on the horizon, the government's privatisation bandwagon has almost but stalled as a government wary of being accused of selling family silver opts for minority stake sales on stock exchanges over outright privatisation. The result -- the divestment target for current fiscal year is again likely to be missed. Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections.
Punjab went into the 2023 mini auction with the maximum purse and spent most of their money on England all-rounder Sam Curran, making him the costliest buy in IPL history at Rs 18.50 crore.
With the Bharatiya Janata Party-led National Democratic Alliance government marking its first anniversary on Saturday, the first year is likely to be remembered for the fulfilment of decades-old Hindutva demands as Prime Minister Narendra Modi used the huge majority his party won in the 2019 Lok Sabha polls to push through its core agenda.
'There is no reason why we should break this business up.'
Tactical investors should have an investment horizon of around six months to one year, long-term investors should stick around for 10 years or more.
These are usually found among small and midcaps. It is not easy to find such stocks, especially after a strong bull market, discovers Debashis Basu.
In 2009, Al Qaeda's core in Pakistan remained the most formidable terrorist organisation targeting the US homeland and it has proven to be an adaptable and resilient terrorist group, the annual Country Reports on Terrorism released by the US Department of State of Thursday has said.
Hockey India's selection committee has pruned down the list of the core group men's probables to 33 players after the three-day selection trials, which concluded at the SAI Centre in Patiala, on Sunday.
Adani Enterprises, which is launching India Inc's second-largest follow-on public offer worth Rs 20,000 crore next week, on Thursday said it is planning to enter the water segment as this is a key element of its core business of infrastructure. The group is into the entire gamut of infrastructure -- being its ports, airports, roads, expressways power generation & distribution, among others. In ports and airports, the group is the largest player in the private sector. Addressing media from Milan, group chief financial officer Jugeshinder Singh said the company has fixed the price band for the Rs 20,000-crore issue in the range of Rs 3,112-3,276 per share.
The contentious paragraph from last year's verdict, instructing the state to expedite consideration of Meitei community inclusion, was deemed for deletion.
'While Indian markets are indeed not inexpensive, the valuations of largecap stocks are still a considerable distance from being overstretched.'
