The Congress needs to reorganise itself at the grassroots, infuse younger blood, and have more boots on the ground. Just offering freebies is not the answer anymore. Leadership matters, asserts Ramesh Menon.
And, of course, create wealth over the long-term
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
Encouraging results for the fourth quarter of the 2022-23 financial year (Q4FY23) have led to a big surge in the share price of DLF. The realty major closed FY23 with Rs 15,000 crore (up 107 per cent year-on-year or YoY) of pre-sales, leading to cash generation of Rs 2,500 crore (up 14 per cent YoY) and reduced net debt by Rs 1,960 crore YoY. The launch of The Arbour project in Q4FY23 alone drove sales of Rs 8,000 crore in the quarter.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Cricket doesn't need development. In football there are two elements - one is the game and the other is the philanthropy element. Cricket is a purely commercial decision.
Larsen & Toubro (L&T) disappointed the Street with its results for the January-March quarter of the 2022-23 financial year (Q4FY23) due to weaker core engineering & construction (E&C) segment performance by the engineering giant.' Although core E&C order inflows for FY23 rose 19 per cent year-on-year (YoY), with orders from railways, metals and water sectors, margins in the infrastructure segment crashed to all-time low. Revenue at Rs 58,300 crore was up 10 per cent YoY but somewhat below expectations.
ONGC's January-March quarter results for the 2022-23 financial year (Q4FY23) indicated changes in the trends of the energy cycle as well as the impact of policy change in gas-pricing. The public sector oil and gas major reported standalone Ebitda (earnings before interest, tax, depreciation and amortisation) at Rs 16,340 crore, down 12 per cent year-on-year (YoY), and down 20 per cent quarter-on-quarter (QoQ). There was a net loss of Rs 250 crore due to exceptional items of Rs 9,240 crore for provisions related to the ongoing dispute regarding the applicability of service tax and goods and services tax on Royalty.
Images from Day 1 of the first Test between India and the West Indies in Dominica, on Wednesday.
The gross tax revenues have touched 65 per cent of the Budget estimates at Rs 17.81 lakh crore during the first eight months of the current fiscal till November, propelled by corporate and personal income tax mop-up, according to the Economic Survey 2022-23 presented in Parliament on Tuesday. The survey, authored by Chief Economic Advisor V Anantha Nageswaran, said the 'substantial reforms' in India's taxation ecosystem post-2014 and policy reforms have removed the distortionary incentives from the economy. Reforms like GST, reduction in corporate taxes, exemption of sovereign wealth funds and pension funds from taxes, and removing Dividend Distribution tax have reduced the tax burden on individuals and businesses.
'Indian equity valuations, although not very expensive, are not cheap either.'
Shares of telecom services providers - Reliance Industries (parent of Reliance Jio), Bharti Airtel, and Vodafone Idea - have shed up to 23 per cent so far in the current calendar year as growth in the wireless subscriber segment begins to plateau amid higher tariffs and rising costs of smartphones. By comparison, the benchmark S&P BSE Sensex, and sectoral index BSE Telecom have dipped 1.8 per cent, and 12.6 per cent, respectively, ACE Equity data shows. However, analysts expect the trend to reverse soon as telecom services providers focus on the next leg of growth -- fixed broadband (FBB) segment.
McCoy and Prasidh Krishna kept it tight at the death, Krishna in particular being being on the money with his yorkers and picking the important wickets of Dinesh Karthik and Wanindu Hasaranga in the same over.
'Non-par plans returns are not market-linked. Hence, they can offer guaranteed returns.'
The Indian captain said since Dhoni can hit the ball hard, and he is not batting well, it was decided to send the 23-year old keeper up the order.
Images from Day 1 of the first Test between India and Australia, at the VCA Stadium in Nagpur, on Thursday.
Post-Karnataka, it would be a mistake to underestimate the BJP. It should be amply clear by now that the Right-Wing is more an elaborate theatre than a single scene, actor or play, warns Shyam G Menon.
Nikhat was the first Indian in action on Sunday and she completely dominated from start to finish in her round of 16 bout.
Is Governor Ravi acting without informing/consulting the Centre, or is the BJP leadership unsure of what to do with the DMK in Tamil Nadu? asks N Sathiya Moorthy.
Want a game against SL to impress Hardik, says Shivam Mavi after maiden India call-up
Taking advantage of the RBI's different accounting year, the Centre had started demanding an interim dividend till the time the latter's final balance sheet is prepared (usually in August). To address this anomaly, an expert committee led by former RBI governor Bimal Jalan had recommended aligning the RBI's financial year with that of the government.
'...and then react.' 'There are two options before him if the alliance breaks.' 'He either teams up with the BJP or goes for a fresh election.' 'My impression is that he will avoid a fresh election.'
India has a huge untapped population which doesn't have facilities for financial aid and insurance, and it is perhaps plausible to look at the option of having niche players catering to smaller sectors akin to non-banks and microfinance institutions in lending, said Rakesh Joshi, member (Finance & Investment), Insurance Regulatory and Development Authority of India (Irdai). Speaking at the Business Standard BFSI Insight Summit, Joshi said, "Today, most of our insurance companies operate at a national level. There is arguably a case for having differentiated operations, which cater to niche sectors the same way we have non-banking financial companies (NBFC) and microfinance institutions in lending." "The capital requirement for niche players may not be as large as those having national ambitions. "Enabling these niche players, which require lower capital, will enhance the penetration in areas which hitherto had not seen traction from large players," he said.
Kerala Governor Arif Mohammed Khan, Chief Minister Pinarayi Vijayan and Congress MP Shashi Tharoor were also present with the PM as he interacted with the students inside the train.
Overall, the record of the second term reveals a contradiction between the image and the reality. The image, especially on media and social media, is one of the man at the height of his power, and unstoppable. The reality on governance is someone who has found it difficult to get things implemented and unsure of what to do next, points out Aakar Patel.
Courtesy of Jonny Bairstow's stunning attack, Punjab raced to 83/3 in six overs -- the highest Powerplay score in IPL 2022.
His backhand blocks and forehand low returns reaped dividends but an alert Gemke managed to grab a four-point cushion at the interval.
Chidambaram also stressed that there were lessons to be learnt by the Congress from the Gujarat loss, saying there is no such thing as a "silent" campaign in a hard-fought election.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'Government shouldn't be in the business of running airlines, instead it should develop the ecosystem of civil aviation.'
Top scoring for Rajasthan was the youngster Riyan Parag who hit a 31 ball 56* which included three fours and four sixes.
The three year lock-in period enables ELSS fund managers to invest in high conviction stocks for a long period of time because of relatively less redemption pressure, says Dwaipayan Bose
In an interview with Shobha Warrier/Rediff.com, he talks about the economic policies of the Narendra Modi government and whether achche din is really coming.
Kohli's poor show, however, hasn't affected the team much as it is playing extremely well in the white-ball games.
Thakur (4/36), Axar (2/14) and Kuldeep (2/14) shared eight wickets among them while Anrich Nortje got the important wicket of Jonny Bairstow.
Former ministers have either maintained silence or supported the `no-repeat' formula adopted by the top Bharatiya Janata Party leadership.
India Women beat England by 16 runs in the third and final ODI to record their first clean sweep in this country.
IMAGES from the T20 World Cup match played between England and New Zealand in Brisbane on Tuesday.
A looming global shortage of diesel in Europe presents India with more than one opportunity to profit from strong margins. A shortage of the fuel, a key contributor to inflation, has been exacerbated by the conflict in Ukraine, and western sanctions on Russian fuel supplies. The slowdown in natural gas supply means the West needs diesel to heat their homes this winter.
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