Capital expenditure by Indian companies is likely to see an uptick in the upcoming quarters as capacity utilisation has surpassed the critical threshold of 75 per cent, and numerous companies have deleveraged their balance sheets, according to analysts. The first quarter of the current financial year has shown improved profitability, driven by a decrease in input prices. This, according to analysts at Care Ratings, should stimulate a revival in the private capex cycle.
The spot airfares on major routes, where Vistara cancelled flights on Tuesday, have surged by up to 38 per cent, according to data provided by Cleartrip. The spot airfares for Tuesday were compared with March 5. Vistara has cancelled 52 flights on routes such as Delhi-Indore, Delhi-Srinagar, Mumbai-Kochi, and Bengaluru-Udaipur as a certain section of pilots went on sick leave, reportedly protesting against the new salary structure that was introduced as part of the airline's merger with Air India.
'Leave aside the negative fallouts of phraseology like 'urban Naxals' and 'terrorists', both the BJP and the Congress have to re-discover themselves in the context of the 2024 election results, including those of the upcoming ones for Maharashtra and Jharkhand,' observes N Sathiya Moorthy.
India faces the dilemma of whether to provide more game time to their first-choice team or offer opportunities to fringe players ahead of the upcoming World Cup at home next month.
Imagine transforming a modest Rs 10,000 monthly investment into a steady Rs 1 lakh monthly income in your retirement years. This is the power of compounding -- a strategy that rewards you for starting early and staying consistent with your investments, says Ramalingam Kalirajan.
India Inc's net profit as a percentage of the country's gross domestic product (GDP) is just shy of reaching 5 per cent, bolstered by strong earnings growth in the second quarter of 2023-24. Analysts interpret this as an indication that a corporate profit upcycle is in progress, with projections suggesting that this share could exceed 8 per cent within the next five years, driven by bullish earnings growth expectations. "We believe we are only halfway through a profit cycle, with the profit share in GDP rising from a low of 2 per cent in 2020 to about 5 per cent currently, and likely heading to 8 per cent in the coming four to five years. "This implies about 20 per cent compounding of earnings growth. "Underscoring this forecast is the start of a new private capex cycle, under-geared balance sheets, a healthy banking system, lower corporate tax rates, improving terms of trade, and structural consumption demand outlook albeit somewhat offset by likely consolidation in government deficit," said Ridham Desai, managing director, head of research, Morgan Stanley India in a note.
Pharma giant AstraZeneca's Covid-19 vaccine is being withdrawn worldwide after the company acknowledged for the first time in court documents that it can cause a rare and dangerous side effect, according to a report in the British newspaper The Telegraph.
Hardik Pandya sports a smile as life goes on for India all-rounder
'It was my job to read out their lines to the actors and make sure they spoke them with the right diction, accent and pronunciation. If you look at my photographs from the Sadma set, you will always find me with a file in hand, even when I am in my costume. While Kamal and Sridevi were diligent about their Hindi dialogue, Silk Smitha, while always respectful, was not too interested in her lines or my instructions.'
Led by a new generation of entrepreneurs, India's family offices are shifting from traditional investments in physical and tangible assets like real estate to investing in technology, healthcare, and retail stocks. This new wave of family offices is engaging in stock market investments, including pre-IPO placements and secondary market operations. "Born into a world of technology, the next generation, especially those born after 2000, view technology as equally crucial as finance for running a business.
For the first time, Modi is eyeball to eyeball with his bete noire, sitting a few feet across him. Given the last 10 years, a confrontation between them was unavoidable, inevitable, points out Saisuresh Sivaswamy.
Both factions of the Jamiat Ulema-e-Hind (Arshad Madani and Mahmood Madani) slammed the Bill and expressed grave concerns over the proposed legislation.
The pharmaceuticals sector is expected to post a revenue growth of around 13.5 per cent and a net profit growth of 30.3 per cent for the third quarter of 2023-24 (FY24), riding on the approval for niche drugs in the US market, fall in raw material prices and correction in shipping rates. In the healthcare segment, hospitals are expected to post revenue growth of 13 per cent during the coverage, while net profit growth would be around 37 per cent, ICICI Securities said in a note. However, the performance may not be comparable on a sequential basis due to the offset of the festive season in Q3FY24, the analysts noted.
'There is also a possibility that Andhra Pradesh may demand a similar package. But as of now, we are only working on a package for Bihar.'
From putting up a decent performance in the last Lok Sabha polls in Uttar Pradesh winning 10 seats stitching an alliance with arch rival Samajwadi Party, Mayawati-led Bahujan Samaj Party drew a blank in the current general elections, dealing a severe blow to its reputation of representing the voice of Dalits in the state.
The L-G will take decisions on police, officers of all-India services such as the IAS and the IPS, and giving sanction for prosecution in various cases.
It's a downfall for the powerhouse that produced some iconic names such as PT Usha, Shiny Wilson, Anju Bobby George, Rosa Kutty, Mercy Kuttan and Bobby Aloysius among others."
Ambati Rayudu doesn't feel MS Dhoni has played his last match, puts ball in BCCI's court
'...to bring the Global South and others to the negotiating table on the basis of Gandhi's non-violence so that we can leave a safer world for our children.'
Among the Sensex firms, State Bank of India, ITC, Nestle, Asian Paints, Tech Mahindra, Mahindra & Mahindra, Tata Consultancy Services and Hindustan Unilever were the major laggards. In contrast, HCL Technologies, Power Grid, Sun Pharma, NTPC, Bajaj Finance and Titan were the gainers.
'Because of the Impact sub rule, everyone gets one more batsman so they think that they will use the batsman in case the batting unit doesn't go well.'
'During the election period, Modi did not refer to the government as 'Government of India'...it used to be called Modi Sarkar, Modi's guarantee. Today that Modi guarantee is no longer there'
'She is the epitome of resilience, not solely because she is my mother, but because she embodies the resolute spirit of womanhood.'
The BJP's nationwide vote share saw its steepest decline in Rajasthan, falling by 9.23% from 2019, resulting in the loss of 11 seats.
'Despite the gossip, the comments, and the questions, I never felt diminished by it.'
Fitch Ratings on Friday said it has revised the outlook on India's sovereign rating to 'stable' from 'negative' as downside risks to medium-term growth have diminished on rapid economic recovery. Fitch Ratings kept the rating unchanged at 'BBB-'.
In the event of the BJP's poor performance in the assembly polls this year and in early 2025, Modi's hold will get further weakened because he will no longer remain the invincible electoral persona tightly controlling the machine at his disposal, asserts Nilanjan Mukhopadhyay.
India has covered enough population with vaccine and infection, but protein vaccines should remain available on payment basis for elderly and those with comorbidities.
With the rush of growth after the pandemic slowing down, many leaders are moving to firms that may be smaller but are growing much faster and have the headroom to grow.
'For experienced and risk-taking investors, now may be the time to go all in.' 'By 'experienced and risk-taking', I refer to those who remained net buyers in equities during the early stages of the 2020 pandemic.' 'On the other hand, those who exited the markets during the pandemic may go the SIP way.'
In reflection of their growing congruence in areas of defence and security, the two sides, following the Modi-Mitsotakis talks, agreed to set up an institutional dialogue at the level of national security advisors, and boost defence industrial cooperation.
'They were as late as June 2023 and they did not follow it up with concrete measures immediately in terms of a secretariat or common minimum programme, working group or seat sharing etc.' 'They continued to have periodic meetings after a gap of weeks where they had tasty dinner and coffee, but beside that they did nothing else.'
The go-ahead given to prosecute Arundhati Roy would be seen by supporters of freedom of speech as an announcement that the Right-Wing doesn't feel humbled by the results of the elections, argues Shyam G Menon.
Sources in both the BJP and the Janata Dal-United suggested such a possibility but it remained unclear if Kumar, the unquestioned leader of his party, has finalised a deal with the BJP top brass.
Jayawardene credited MI and New Zealand's bowling coach Shane Bond for perfectly planning and executing India's downfall in the last match.
Seen by political watchers as the favourite to retain power for a third straight term, the Bharatiya Janata Party has set itself an ambitious target of winning 370 Lok Sabha seats, a goal aimed as much at projecting its strength as at diminishing the opposition in popular imagination.
'While Indian markets are indeed not inexpensive, the valuations of largecap stocks are still a considerable distance from being overstretched.'
'The Congress is trying to reinvent itself -- the caste census demand, OBC emphasis, the anti-corporate thrust, especially on Adani etc -- all this is not standard Congress strategy.'
'If equities perform well in a year, withdraw money from equities. If the equity market is down, shift withdrawal to the debt portion.'
