Out of the 24 NCP MLAs who attended the session, Deputy Chief Minister Ajit Pawar, cabinet ministers Chhagan Bhujbal, Dilip Walse Patil, Hasan Mushrif, Aditi Tatkare, Sanjay Bansode, Dhananjay Munde, Anil Patil and Dharmarao Atram were seated on the ruling side.
Any long dry spell could cause moisture stress in the standing crop during the crucial maturing stage and also make it prone to pest and disease attacks.
Additional sessions judge SB Salunke acquitted 20 persons, including Desai, for want of evidence, the HRS leader's lawyer Milind Pawar said.
Maratha quota activist Manoj Jarange on Thursday ended his nine-day-old indefinite fast, but warned of a bigger agitation if no action was taken in two months on giving reservation benefits to the community.
'Almost magically, we suddenly saw the magnificent beast come from around the corner.'
The combined net profit of "early bird" companies, those that have declared their quarterly results, rose for the third consecutive quarter in July-September 2023 (Q2FY24). But the figures suggest a continued slowdown in revenue growth and stagnation in earnings over recent quarters. This slowdown is severe for companies in the manufacturing and non-financial service sectors.
The Bill allows stopping of transmission and intercepting messages in case of public emergency, in the interest of the public, to prevent incitement for committing offence.
The K-shaped economic recovery in India from the pandemic slowdown shows in corporate results as well. The automobile sector, which represents big-ticket consumption, continues to do well and has increased its share in corporate revenues and profits while fast-moving consumer goods (FMCG) companies that sell low-ticket consumer goods are struggling with poor sales and earnings growth. The share of the automobile sector, including makers of auto ancillaries, in corporate net sales rose to a 10-quarter high of 10.05 per cent during July-September 2023 (Q2FY24) from 8.94 per cent a year earlier and 9.75 per cent in Q1FY24.
A woman has been arrested for allegedly trying to extort crores of rupees from Maharashtra Social Justice Minister Dhananjay Munde by threatening to accuse him of rape, the Mumbai police said on Thursday.
The slowdown in corporate revenue growth over the last one year has begun to reflect in India Inc's capital expenditure, or capex. The country's top listed companies are going slow on fresh investment in capacity expansion, in line with a deceleration in their top line growth. The combined fixed assets of the listed companies, excluding banking, finance services and insurance (BFSI) and the government-owned oil & gas firms, were up 10.1 per cent year-on-year (Y-o-Y) during April-September 2023 (H1FY24) - the slowest in 18 months - as against 21.1 per cent Y-o-Y growth in H2FY23 (October 2022-March 2023) and 11.6 per cent growth in the April-September 2022 period (H1FY23).
Unofficially though, it is claimed that Ajit Pawar has the support of 29 MLAs, and the number could add up within two days.
Even as the slowdown in the information technology (IT) services sector deepens, banking, financial services and insurance (BFSI), as well as oil and gas companies, emerge as the primary drivers of corporate earnings in the country. The IT services sector's share in corporate earnings declined to a five-year low of 17.4 per cent in the second quarter (Q2) of 2023-24 (FY24), whereas banks and finance companies accounted for 46.5 per cent, and oil and gas firms contributed 16.8 per cent. At their peak, IT services firms like Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro represented just over a third of the combined net profit of all listed companies in the Business Standard sample.
'A cutback in hiring and compensation growth by IT companies will have a significant impact on consumer demand, especially in the urban sector of the economy.'
'We can't leave this to Parliament; we are sure they (MPs) are not going to sensitise anybody.'
Equity valuations are once again on the rise, after they cooled down in the second half of 2021 and the first half of 2022. The BSE Sensex trailing price-to-earnings (P/E) multiple has risen to a 17-month high of nearly 25x, from 23.7x at the end of December 2022 and 21.6x at the end of June 2022. Similarly, the index closed on Friday with a trailing price-to-book (P/B) value ratio of 3.6x, up from 3.4x at the end of December 2022; it is the highest since December 2021.
JP Morgan's decision last week to include Indian government bonds in its Government Bond Index-Emerging Markets (GBI-EM) index and the index suite from June 2024 may be a sort of blessing for India, as the move is estimated to result in an inflow of $25 billion of foreign portfolio investments into the country. The development comes at a time when the spread between the benchmark 10-year government of India bond and the 10-year US government bond has declined to its lowest level in more than 17 years. Low yield spreads make Indian bonds less attractive to foreign portfolio investors (FPIs).
Ajit Pawar was earlier sworn in as deputy chief minister in the Eknath Shinde government, while eight others, including Walse Patil and Bhujbal, were made ministers, the developments coming after a vertical split in the NCP.
Metal and mining companies, such as Tata Steel, JSW Steel, Hindalco, and Coal India, have been among the top-performing sectors on the bourses in recent months. The S&P BSE Metal Index is up 13 per cent in the past three months, rallying 29 per cent in the past year, outperforming the broader market. For comparison, the benchmark S&P BSE Sensex has only seen a 1.7 per cent increase in the past three months, with a 15 per cent gain since the end of September last year.
Sadeera Samarawickrama top-scored with an unbeaten 91 to power Sri Lanka to an easy five-wicket victory against the Netherlands.
Arjun Menon lists some of the popular songs from the South Indian movies in 2023.
'Given the current dispensation, I have no hope for the legislature passing a law in favour of the LGBTQ community.'
The Assam government released full-page advertisements in newspapers claiming Bhimashankar as one of the 12 Jyotirlingas in the state, Mahesh Pathak, president of All India Tirth Purohit Mahasabha, told reporters in Mathura.
If an extension is granted, the Commission's next hearing will be a long one: From October 16-28, so as to complete the cross-examination of all remaining witnesses.
The recent surge in crude oil prices could shave off the gains made by India Inc in profit margins in the past few quarters. Worse, it comes at a time when consumer demand in the country is slipping and major global economies are witnessing a slowdown. A back-of-the-envelope calculation suggests that the margin expansion accounted for three-fourths of the rise in the listed firms' operating profit between the April-June quarter (Q1) of FY23 and Q1FY24, and only a quarter of profits gains came from revenue growth.
The BJP and Congress are the top two beneficiaries of the electoral bonds, followed by the Trinamool Congress.
There may be those who could want to go slow, citing the large pendency of follow-up action and court cases that they would have to process and/or proceed with, before raiding more politicians, observes N Sathiya Moorthy.
Seven candidates are in the fray for six Upper House seats from Maharashtra that will go to polls.
While a few 'bahubalis' managed wins in the Uttar Pradesh Assembly elections, a majority of them were rejected by the voters. According to the results, many alleged dons-turned-politicians failed to make it to the Uttar Pradesh Assembly.
The meeting took place at Fadnavis's residence in Mumbai late Thursday night and lasted for about half an hour, he claimed.
Even before NCP-Ajit Pawar leaders came to meet in Delhi, the central government decided to buy 200,000 tonnes of onions from farmers at Rs 24.1 per quintal. This was among the highest prices at which onions have ever been bought from farmers.
Maha Vikas Aghadi, comprising the Shiv Sena, Nationalist Congress Party and Congress, has called a meeting of its MLAs in Mumbai on June 7.
India celebrates December 16 as Vijay Diwas to commemorate the military victory over Pakistan in 1971.
Senior Janata Dal-United leader Dhananjay Singh pitched for Opposition unity ahead of the 2024 Lok Sabha polls and said party workers in Uttar Pradesh want Bihar Chief Minister Nitish Kumar to contest the elections from the state's Phulpur constituency.
The veteran politician accused the BJP of breaking duly elected governments in opposition-ruled states even as it boasted about providing a stable government at the Centre.
Tata Consultancy Services (TCS), the group's biggest cash generator, overtook Vedanta to become the highest dividend payer in India in FY23. The IT services major paid Rs 42,090 crore for FY23, up 167.4 per cent from Rs 15,738 crore for FY22. The 10 biggest payers together shelled out Rs 2.06 trillion for FY23, more than double the Rs 98,371 crore for FY22.
Given the politics behind it all, one possibility is for binding the governor to act according to the decisions of the state government and clarifying his position vis a vis bills and resolutions passed by the state assembly -- or, re-enacted if returned, points out N Sathiya Moorthy.
Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra. It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19. The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).
'The relationship between Kashmiri Pandits and Article 370 is vexed.' 'Sentiment in Jammu towards Article 370 was largely unfavourable and Jammu resented being lumped with Kashmir and placed on a different footing from the rest of India.'
"Pawar saheb himself had said about the necessity of change in the guard a few days ago. We should see his decision in the light of his age and health also. Everyone has to take a decision according to time, Pawar saheb has taken a decision and he won't take it back," Ajit Pawar said.
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