'It will drive a lot of surrounding business, that is where we see some good projects coming in.'
WHO has urged people at risk to keep up with their vaccinations with boosters.
The Budget proposals are expected to boost the fortunes of consumer goods and fast-moving consumer goods companies, which have been struggling with poor consumer demand for more than a year. The Budget announcements, such as the increase in standard deduction by Rs 25,000 for income-tax payers and slab revisions, will put more money in their hands, boosting consumer demand. Private consumption is also likely to benefit from a new scheme to offer internships to 10 million youths in the country's top 500 companies.
'In terms of incentives, if you think about it, hybrids are a 20-year-old technology.'
These funds at times invest in companies going through corporate restructuring, such as mergers, demergers, or buybacks.
With a balance sheet size of Rs 22,000 crore (Rs 220 billion), we are a meaningful player in our home country, says Rana Kapoor.
Investors must adopt a balanced approach, incorporating both styles in their portfolios.
'India's top companies currently lack the organisational wherewithal to hire and train 2 million interns annually, given their current scale of operations and existing employee base.'
'The Indian gung-ho leadership may like to think about it, there should never ever be a doubt in anyone's mind, friend or foe, that Pakistan's operationally ready nuclear capability enables every Pakistani leader the liberty, the dignity and the courage to look straight into the Indian eye and never blink.'
Tata Consultancy Services, the country's largest IT company, has changed its hiring strategy and will focus on just-in-time hiring or real-time talent management."TCS has decided to adopt the policy of real-time management whereby we will hire in the last three months of the final year of graduation rather than a year before," said S Ramadorai, managing director and chief executive officer, TCS.
The revamped Champions League will feature a tennis-style seeding system for the last-16 knockout phase, UEFA said.
Younger people, who usually have a longer investment horizon which allows them to handle the interim volatility, may go for them.
Paytm, the country's leading fintech player which had to shut its payment bank business following regulatory action, is revisiting its business strategy including partnership with lenders. Also, the company's founder and chief executive officer (CEO) Vijay Shekhar Sharma has decided to oversee the day-to-day operations with all the major verticals reporting directly to him now. "The thing on top of everyone's agenda is getting the core businesses back on track," a person in the know said.
Spread investments in equities, bonds, gold and cash to tackle volatility advise Nitin Singh, MD and head, and Vinay Joseph, director, investment strategy, Standard Chartered Wealth Management, India.
The meeting, proposed at the CM House, has been called to discuss strategy over the current political situation and the Enforcement Directorate's proposed questioning of Chief Minister Hemant Soren on Wednesday, he said.
BSE (formerly Bombay Stock Exchange) has seen its market share go past the critical 20 per cent mark in the derivatives segment, intensifying its battle with bigger rival - the National Stock Exchange (NSE) - which, less than a year ago, had a monopoly in this space. In April, the average daily trading volume (ADTV) for BSE stood at Rs 89 trillion, accounting for 20.6 per cent of the overall ADTV of Rs 432 trillion (based on notional volumes for options).
Dengue has become a major public health concern in India with 289,235 cases reported last year. This year there were 19,447 cases of dengue which resulted in 19 deaths till April 2024.
'The demand for housing is always increasing, and so is housing shortage.'
Stories are legion about the Karatmeter's use at that time. Hundreds of people standing in queue for testing, customers breaking down after discovering the actual purity of their jewellery and then becoming irate about the jeweller who had gypped them, the local jewellery industry leaning heavily on the Tanishq franchisees to desist from using it, some jewellers even threatening violent action.
With poll fever gathering steam, business is booming for New Delhi's detective agencies as politicians, especially aspiring candidates, are hiring private eyes to spy on their rivals and even colleagues.
rediffGURU Maxim Emmanuel offers expert advice on how to make an informed career choice.
'The biggest impact will be on coal and hence on power cost. Then comes iron ore, coking coal, bauxite.'
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
'Opportunity is there in each segment of the market. There is opportunity in affordable and specifically governed by government initiatives as well as for housing for all.'
Indian IT major Wipro on Saturday announced the resignation of its CEO Thierry Delaporte and named Srinivas Pallia as the new chief executive officer effective immediately. Wipro's Board noted the resignation of Delaporte with effect from April 6, 2024, the company said in a BSE filing, and added he will be relieved from the employment of the company with effect from the close of business hours on May 31, 2024.
Increased price control over branded generic medicines has affected its profitability
Senior bankers point out that while they will eventually attract qualified professionals, onboarding them takes time.
Ramalingam Kalirajan dives into the specifics of NPS withdrawal rules to help you understand the conditions under which and when partial withdrawals are allowed.
The country's largest private lender HDFC Bank on Saturday reported a 6.51 per cent decline in its consolidated net profit to Rs 16,474.85 crore in the April-June quarter compared to the previous January-March quarter. The city-headquartered lender, which merged its mortgage major parent HDFC into itself in July last year, had reported a net profit of Rs 17,622.38 crore in the March quarter. On a standalone basis, the net profit declined to Rs 16,174.75 crore in April-June 2024-25 from Rs 16,511.85 crore in January-March 2023-24.
After Sanju Samson was included in India's 15-member squad for the T20 World Cup, Sri Lanka great and Rajasthan Royals Director of Cricket Kumar Sangakkara believes the 29-year-old will succeed in the upcoming global showpiece if he wins the race to be first-choice wicket-keeper for Men in Blue at the prestigious event.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
India's real estate market is poised for growth across categories - residential, commercial, and rental. Currently valued at Rs 24 trillion, or about $300 billion, it is projected to surge to $1.3 trillion by 2034, and then grow further to $5.17 trillion by 2047, indicates a report by the Confederation of Real Estate Developers Associations of India (Credai).
Long-term investors should never stop their SIPs during market corrections.
French organisers turned Paris into an open-air Olympic playground where everyone was invited, with or without a ticket.
To come up with first EV by 2025, expects market to grow two to three-fold in the next ten years.
Shares of Le Travenues, which operates online travel booking platform ixigo, soared 78 per cent on their market debut (June 18) and surged 80.4 per cent in the three days over their issue price. Ixigo has joined competitors EaseMyTrip and Yatra on the bourses. Analysts believe the blockbuster response to ixigo may lead to greater scrutiny of the financial performance of other online travel aggregators (OTAs) like Easy Trip Planners, and Yatra Online.
Hindustan Unilever reported good numbers for the fourth quarter and for 2011-12, despite commodity inflation and currency fluctuations.
'While every year presents new challenges, it also provides opportunities for better growth and performance.'
With 15% customs duty hike on locally assembled vehicles, it is cheaper to import from Thailand, says India MD
