Passenger vehicle retail sales in India witnessed a 5 per cent on-year decline in August on account of delayed customer purchases, poor consumer sentiment and persistent heavy rains, industry body FADA said on Thursday. The overall passenger vehicle (PV) registrations last month stood at 309,053 units, as compared to 323,720 units in August 2023.
The Maha Kumbh, billed as the world's largest gathering, concluded on Wednesday after 45 days, with lakhs of devotees taking a dip in the Sangam, the confluence of the Ganga, Yamuna, and mythical Saraswati rivers. Despite a stampede that killed at least 30 people, millions continued to visit the Kumbh, seeking salvation through the ritual bath. The event saw a mix of faith, tradition, and technology, drawing pilgrims and tourists from across the globe.
Listed paint majors posted another lacklustre showing in the January-March quarter (Q4) of 2024-25 (FY25), with average revenue growth under 3 per cent. Sales were weighed down by Asian Paints - the market leader and the only major to report a year-on-year (Y-o-Y) decline.
Among Sensex firms, Eternal, Tata Motors, State Bank of India, Adani Ports, NTPC, IndusInd Bank, Bajaj Finance, Asian Paints, Axis Bank and Sun Pharma were the major losers. Bharti Airtel, Tata Steel, Mahindra & Mahindra, Hindustan Unilever, Nestle and Maruti were among the gainers.
Cricket legend Anil Kumble and his wife Chetana Ramathirtha visited the Maha Kumbh Mela and took a dip in the Triveni Sangam.
The Maha Kumbh, a massive religious gathering in Prayagraj, India, is preparing for the culmination of its events with the Mahashivratri 'snan' (sacred bath) on Wednesday. Authorities have declared the entire mela area a 'no vehicle zone' and are urging devotees to take a dip at the ghat nearest to them to avoid crowding at the Sangam. Chief Minister Yogi Adityanath is monitoring the arrangements and has issued an advisory for devotees, outlining specific ghats for different arrival routes. The Maha Kumbh has seen a record number of pilgrims, exceeding 64 crore. Security arrangements are robust with over 37,000 police personnel and 14,000 home guards deployed. The fair has also been hailed for its cleanliness and safety measures. The event is expected to conclude with the Mahashivratri puja.
rediffGURU T S Khurana answers readers' personal income tax queries.
The glimpses of the "Maha Kumbh Mela", or the Great Pitcher Festival, in Prayagraj, January 13, 2025.
Wouldn't it be better to reach 45 with a backup engine of passive income that helps you glide through these years instead of grinding, asks Ramalingam Kalirajan
India's young guns are fearless and mentally hardened by the IPL exposure. But true mettle will be tested when adversity strikes -- and this time, there will be no Kohli to stir up the crowd, no Rohit to deliver a captaincy masterstroke, and no Ashwin to conjure wickets out of nowhere.
Pharma major Dr Reddy's Laboratories delivered a muted operational performance in the fourth quarter of financial year 2024-25 (Q4FY25), even as revenue growth remained healthy. Lower gross margin performance and muted domestic growth are key concerns. Most brokerages have a "Sell" or "Reduce" rating as there are uncertainties related to the development of a new product portfolio and the launch timelines.
Manchester City gave Kevin De Bruyne a victory in his final appearance at Etihad Stadium, as Omar Marmoush scored a stunner in a 3-1 Premier League win over Bournemouth on Tuesday that saw them climb to third in the table.
Batters take power-hitting to another level in the IPL, but the "bowlers will have their day" if they focus on staying aggressive without compromising accuracy, says Mumbai Indians' star seamer Trent Boult.
India's gold demand witnessed a 15 per cent on-year decline to 118.1 tonnes in the January-March quarter of this year, even as value grew by 22 per cent to Rs 94,030 crore due to surging prices, the World Gold Council (WGC) said on Wednesday. According to the WGC forecast, India's gold demand for 2025 is expected to be between 700-800 tonnes.
From the 30-share pack, Bajaj Finserv, Mahindra & Mahindra, Eternal, Power Grid, ITC, Tata Motors, Asian Paints and Hindustan Unilever were among the gainers. Among the laggards, Kotak Mahindra Bank tanked 4.57 per cent
Competition from Nepalese teas -- which has duty free access to the Indian market -- has emerged as a lower-cost alternative to Darjeeling tea, challenging its viability.
Tamannaah Bhatia, Sonali Bendre, Tinaa Datta and Manasi Parekh take a holy dip in the Triveni Sangam.
In a format often dominated by innovation and brute force, Gujarat Titans' Subhman Gill and Sai Sudharsan once again reminded the fans that proper cricketing shots still thrive in the hustle of modern T20 cricket.
Rohit Sharma has launched a scathing critique of cricket commentary and journalism in the country
He was a storyteller who made me feel the pulse of history, the stakes of human ambition, and the thrill of a well-told tale. Prem Panicker recalls his debt to Frederick Forsyth, who passed away on Monday.
Bharti Airtel, ICICI Bank, Eternal, Mahindra & Mahindra, HCL Technologies, HDFC Bank, Kotak Mahindra Bank, Tata Consultancy Services and Bajaj Finance were also among the laggards.
Weak market sentiment has driven a steady decline in cash market volumes and margin trading books over the past nine months. Cash market volumes have plummeted by 45 per cent from their peak in June 2024, while the margin book - used by traders to leverage stock purchases - has shrunk by 16 per cent since its high in September 2024.
The Maha Kumbh Mela, a major Hindu pilgrimage, commenced in Prayagraj, India on Monday, with over 40 lakh people taking the first holy dip in the Sangam, the confluence of the Ganga, Yamuna, and Saraswati rivers. Uttar Pradesh Chief Minister Yogi Adityanath said the event, which runs until February 26, will elevate India's ancient cultural and religious traditions to global prominence.
Raveena Tandon and daughter Rasha Thadani visit Kashi.
Udhagamandalam, popularly known as Ooty, and Sandynallah recorded zero degree Celsius on Friday, affecting normal life in the hill town. Many parts of Udhagamandalam and nearby areas were covered with frost, and water stored in containers froze. The extreme cold forced people to stay indoors, with roads deserted and people seen lighting fires to keep warm.
Automobile retail sales in India rose 6 per cent to 2,61,43,943 units in FY25 with rural areas performing better than urban regions across passenger vehicle and two-wheeler segments, dealers' body FADA said on Monday. The last financial year saw growth in sales of passenger vehicles, two-wheelers and three-wheelers.
Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.
The Maha Kumbh witnessed its third grand 'Amrit Snan' on the auspicious occasion of Basant Panchami, drawing hundreds of thousands of devotees from across the globe, all seeking spiritual liberation through the sacred dip, which was going on smoothly, officials said.
'If the US stagnates and falls into a recession, the dollar will weaken, oil prices will also dip. This augurs well for India.'
The Amrit snan was originally scheduled in the early hours of the day but was postponed following the stampede.
The stock of India's largest listed pure-play retail company, Avenue Supermarts (DMart), has slipped over 10 per cent from its monthly highs. A weak operational performance in the fourth quarter (January-March) of financial year 2024-25 (Q4FY25) and muted near-term outlook due to intense competitive pressures and higher costs could lead to downward momentum on the stock. While the stock dipped by 3.44 per cent in early trade on Monday, it recovered a bit to close 1.07 per cent lower at 4,017.
Multiple casualties were feared after the stampede at the Sangam as millions of pilgrims turned up for a holy bath on 'Mauni Amavasya', the most significant ritual at the Maha Kumbh.
A strong dust storm and gusty winds followed by rain hit Delhi-NCR on Friday evening, causing trees to be uprooted in several parts and leading to traffic congestion. Thunderstorms caused power disruptions in several parts of the city, primarily due to trees and branches falling on electricity cables. The India Meteorological Department (IMD) has issued an orange alert, recommending people stay indoors and avoid unnecessary travel.
Hundreds of Naga Sadhus took a dip in the Triveni Sangam during the Maha Kumbh Mela on the occasion of Makar Sankranti.
The Prayagraj airport in India is experiencing a surge in air traffic due to the Maha Kumbh, a major religious festival. The airport is handling an average of 40 non-scheduled charters and private jets daily, with figures reaching 70 on weekends. This is in addition to the average 148 scheduled commercial passenger aircraft operating daily. The airport recently received a contingent of about 180 politicians from Rajasthan and has seen corporate bigwigs like the Ambani brothers, Gautam Adani, and Pawan Munjal pass through. The airport has also hosted four international flights since the beginning of the Maha Kumbh, including a flight carrying Laurene Powell Jobs, the wife of Apple co-founder Steve Jobs. The airport is currently undergoing an upgrade and expansion, and officials are looking forward to the government's plans to integrate Prayagraj with the airports at Kashi and Ayodhya to promote tourism in the region.
The 'Amrit Snan' by saints and seers of all 13 akharas on Mauni Amavasya, which was deferred after a stampede at the Maha Kumbh, concluded at the Sangam on Wednesday evening, officials said.
'It was as if the sacred waters were washing away not just my sins but also my doubts and burdens,' says Aayushi Agarwal.
IMAGES from the French Open at Roland Garros, in Paris, France, on Wednesday.
The Reserve Bank of India (RBI) brass, including its Governor Sanjay Malhotra, on Tuesday told a Parliamentary panel that it was "optimistic" about the impact of the US tariffs on the Indian economy and, in long-run, it could benefit the country due to dipping trade relations between the US and China.
Indian equity benchmarks rose nearly 2 per cent on Thursday, capping a truncated trading week with their strongest weekly performance in over four years. The rally was sparked by renewed risk-on sentiment following progress in trade negotiations and expanded tariff exemptions.
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