Industrial metals (ferrous and non-ferrous) suffered great volatility once the Ukraine War began in February 2022. First, there was a sharp price rise due to fears of supply disruption, followed by weak global demand. China's weakness and rolling lockdowns have hit production and demand.
A 72-year-old man was held for allegedly disrupting communal harmony and organising a protest without permission at the Jama Masjid area in New Delhi recently against the controversial remarks on Prophet Muhammad, police said.
After a protest erupted outside Jama Masjid after the Friday prayers against the controversial remarks on Prophet Mohammed, Shahi Imam Syed Ahmed Bukhari distanced himself from the demonstration saying "nobody knows who the protesters are" and demanded action against them.
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. Allowing FRL's plea the Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline to July 15, 2023, for concluding the CIRP of FRL. "... NCLT on April 13, 2023, heard the application and granted the said exclusion of 90 days from CIRP of FRL and consequent extension for completion of CIRP till July 15, 2023," said a regulatory filing from the company.
With Housing Development Finance Corporation's (HDFC's) merger with HDFC Bank becoming effective on July 1, the merged entity is set to become the top weight in the benchmarks S&P BSE Sensex and the National Stock Exchange Nifty indices, dislodging the country's most valuable company, Reliance Industries (RIL), from its perch. HDFC will stop trading after July 13. At present, RIL has a weighting of close to 12 per cent in the Sensex and 10.3 per cent in the broad-based Nifty. Meanwhile, HDFC Bank and HDFC have weights of 9.9 per cent and 6.8 per cent in the Sensex and 8.8 per cent and 6 per cent in the Nifty, respectively.
Divyansh Singh Panwar would have gone through an entire gamut of emotions in the last two days of the Asian Games in Hangzhou.
Some of these nations are India's biggest export market. India is also dependent on these countries to meet its energy needs.
Suspended Bharatiya Janata Party spokesperson Nupur Sharma, who was summoned by the Bhiwandi police in Maharashtra on Monday over her alleged objectionable remarks against Prophet Mohammed, has sought time to appear before the police to record her statement, a senior official said.
Prohibitory orders under Section 144 of the CrPC have been clamped in 10 police station areas, including Sukhdev Nagar, Lower Bazar, Daily Market and Hindpidi, to control any further flareups, they said.
When asked about a social media campaign to boycott Indian products in the wake of the row, the minister said he has not heard of any such thing.
Sharma had applied for the licence which has been granted after assessing threats and following due procedure, they said.
Among the flood of photographs coming in on Friday from many parts of India capturing the angry -- and in some places violent -- protests demanding the arrests of Nupur Sharma and Naveen Kumar Jindal for their remarks on the Prophet Mohammad comes this image from Kanpur which indicates there is still hope of a return to a kinder, gentler, India.
India on Monday hit out at the Organisation of Islamic Cooperation for its criticism of the country in the wake of the alleged derogatory remarks made against Prophet Mohammed by two Bharatiya Janata Party functionaries.
After a sharp outperformance in the mid-and small-cap segments in the first half of calendar year 2023 (H1-CY23), analysts are now turning cautious on these two market segments and suggest investors stay selective and look for valuation comfort and earnings visibility before investing. The S&P BSE Midcap index has surged 13.7 per cent in H1-CY23, and the S&P BSE Small-cap index gained 12.7 per cent during this period, data shows. The S&P BSE Sensex, in comparison, has moved up 6.4 per cent.
Notwithstanding the risk involved, analysts are upbeat on micro-cap investing as India remains in a firm bull market. Moreover, these stocks are available at relatively cheaper valuations compared to large, mid and small caps, assuring alpha returns. With a market-capitalisation (market-cap) of up to Rs 10,000 crore, micro-cap stocks are outside the purview of Nifty 500 stocks, and are ranked from 501 to 750 in the market-cap ladder.
Following a strong performance in the 2022-23 January-March quarter, publicly listed paint industry giants displayed a mixed performance in the 2023-24 (FY24) April-June quarter. While Berger Paints India outperformed its peers and reported results in line with expectations, market leader Asian Paints and Kansai Nerolac Paints fell slightly short of expectations.
Nirma's tryst with the pharmaceutical space started in 2006 when it acquired the ailing Core Healthcare in a deal reported to be worth Rs 300 crore. The Ahmedabad-based manufacturer of intravenous fluids was subsequently renamed Nirlife. Pharma industry insiders say Nirma, which broke open the detergent market in the 1990s with low prices and massive advertising, tried an encore of the low-price strategy in pharma, but with mixed results.
India skipper Harmanpreet Kaur came much cheaper for Mumbai Indians at nearly half the price of Mandhana at Rs 1.80 crore.
Samaru Kerketta, who suffered injuries during a kabaddi match held in Sundhru village of Jashpur on October 17, died on Wednesday
'The world is watching carefully. The choices India makes today have consequences beyond its borders.'
According to Outlook, Adani Group and the RP-Sanjeev Goenka Groups are no more the favourites to bag the new teams.
A two-member committee, comprising senior IAS officer Amitabh Kaushal and Additional Director General of Police Sanjay Latkar, was formed to investigate the violence that left two persons dead and at least 24 people injured, the official told PTI.
'This is quite unlike Pakistan where fanatics are eulogized and monuments built in their honour'
Mohd Nadeem Zaid, 45, a resident of the Jama Masjid area, and Mohd Faheem Khan, 37, a resident of the Turkman Gate area, were arrested on Saturday night.
As many as 48 companies, including Reliance Retail, Jindal Power Ltd and Adani group, are in the final list of eligible prospective resolution applicants for acquiring debt-ridden Future Retail Ltd. The Resolution Professional of Future Retail Ltd (FRL), which is currently going through an insolvency resolution process, on Monday came out with the final list of 'Eligible Prospective Resolution Applicants'. On April 10, FRL's RP updated a list of 49 companies, which had submitted Expressions of Interest (EoIs) after the company's lenders decided to invite fresh bids after dividing its assets into clusters.
Protests broke out in some states on Friday, including Delhi's Jama Masjid and stone-petling at policemen in Uttar Pradesh's Prayagraj and Saharanpur, over the controversial remarks on Prophet Muhammad by two now-suspended Bharatiya Janata Party functionaries with demonstrators in Jharkhand injuring a few policemen while authorities in Jammu imposed a curfew in few areas and parts of Kashmir observed a shutdown.
The Bharatiya Janata Party on Wednesday criticised Delhi Chief Minister Arvind Kejriwal over what its leaders alleged was his 'mannerless' posture during a meeting with Prime Minister Narendra Modi and asked whether this is how a chief minister should behave at an important meeting.
'In today's world, it is difficult for public pressure to work against a country like India.'
Prohibitory orders were imposed in parts of Ranchi city after some policemen, including an Indian Police Service officer, and others were injured in Ranchi on Friday while trying to control a mob near a temple, an official said.
'It is commendable that India is able to persuade all sides.' 'It shows that India counts and finally, we are reaching a position where we can find a place in the sun at the global level.'
The Delhi police has registered an FIR against an associate professor of Delhi University's Hindu College for his "objectionable" social media post alluding to claims about the 'Shivling' found inside the Gyanvapi mosque complex, officials said on Wednesday.
'Is it because they perceive India as a soft state?'
The National Stock Exchange (NSE) Nifty Next 50 Index could undergo large-scale changes if the proposed tweaks to its computation methodology get implemented. In a discussion paper floated recently, NSE Indices, which owns and manages a portfolio of over 350 indices under the Nifty brand, proposed that only stocks that are traded in the futures and options (F&O) segment can be part of the index. Currently, as many as 11 non-F&O stocks are part of the Nifty Next 50 Index, which, as the name suggests, represents the next rung of large and liquid securities after the Nifty50.
'We would like to develop Andhra Pradesh into a logistics hub not only for India, but also for South Asia.'
The controversy triggered by remarks made by two former Bharatiya Janata Party functionaries against Prophet Mohammed is India's "internal issue" and it is not an attention-grabbing matter in Bangladesh unlike in some other Muslim nations, a senior Bangladeshi minister has said, as he dismissed criticism that the country's government is "compromising" on the issue.
According to Haley, the Biden administration resumed military aid to Pakistan, though it's home to at least a dozen terrorist organisations and its government is deeply in hock to China.
Delhi Capitals' co-owner Parth Jindal hinted that the entire league stage of the 14th edition of the Indian Premier League could be held in Mumbai this year.
'China seems more intent on creating a new world order rather than shaping the existing one.' 'India is of course, at this moment in time, aligned with the West-led order because of China's full-spectrum aggressive behaviour towards India.'
On June 30, mining and metals giant Vedanta, announced that it had decided to initiate a strategic review of its steel and steel-making raw material businesses. The review would begin immediately and evaluate a broad range of options, including but not limited to a potential strategic sale of some or all of the steel businesses, the company said in its stock exchange filing. The signs have been there - approaches had been made to steel players over the past year. Last December, Anil Agarwal, chairman Vedanta group, told Business Standard that the steel plant capacity was about 3 million tonnes (mt).
