'If the markets correct further, PSU stocks could continue to decline.'
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
The systematic withdrawal plan stands out as a superior option, providing steady income despite market fluctuations and inflation, says Ramalingam Kalirajan.
Reserve Bank of India (RBI) on Friday said its board has approved a dividend payment of Rs 30,307 crore to the government for the financial ended March 2022. The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk Buffer at 5.50 per cent, RBI said in a statement. The decision on the dividend payment was made in the 596th meeting of the Central Board of Directors of RBI, headed by Governor Shaktikanta Das, held on Friday.
Here's a formula that helps you understand how much money you will need to retire early in India and simple steps to achieve it.
Varun Chakravarthy believes the Rajkot pitch slowed down more than expected during India's run chase, contributing to the home team's first loss in the five-match T20I series.
'I don't know when I will be able to access those funds.'
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
After climbing to a record high of Rs 523 on September 30, shares of commodity major Vedanta have come off over 15 per cent amid a fall in the overall markets. The Anil Agarwal-led firm's latest slump comes after its stock price doubled over the past one year. Is it a blip or a trend reversal?
Invest in these funds through the SIP route with at least a seven-year horizon.
Power Grid Corporation of India's (PWGR's) Q3FY25 revenue declined 3 per cent year-on-year (Y-o-Y) to Rs 11,200 crore, with operating profit falling 7 per cent Y-o-Y to Rs 9,500 crore and margin contracting to 85 per cent from 91 per cent Y-o-Y. Other income surged 89 per cent Y-o-Y to Rs 500 crore, but regulatory income dropped 62 per cent Y-o-Y to Rs 42.5 crore.
'Women' as a political constituency appears to be an idea that has come of age. It is changing India in ways that we only dimly understand, asserts Aditi Phadnis.
'What they bring to the table (can) never be written off.'
American auto major Ford Motor on Friday said it is preparing to utilise its Chennai manufacturing plant to roll out vehicles for exports and has intimated the same to the Tamil Nadu government. Minister for TRB Rajaa, who is in the United States accompanying the Chief Minister M K Stalin to woo investors, said the efforts of the Chief Minister to reposition 'Brand Tamil Nadu' in its Numero Uno place has yielded rich dividends.
Dabur's pre-quarterly update for Q3FY25 disappointed the market with the share dropping by 3.9 per cent. Growth was slower than expected and inflation hit margins. The management said that the fast-moving consumer goods (FMCG) consumption in rural markets was resilient and continued to grow faster than in urban markets.
R Praggnanandhaa outclassed world champion D Gukesh in sudden death to win Tata Steel Masters chess title.
Have you ever wondered why some people seem to achieve extraordinary wealth while others struggle to make their money work for them? The secret isn't luck -- it's strategy, says Ramalingam Kalirajan
An analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The VBL board approved the purchase of SBC Tanzania for Rs 1,304 crore and SBC Beverages Ghana for Rs 127 crore. These own manufacturing/distribution rights for NARTD (PepsiCo branded) beverages in Tanzania and Ghana. The acquisitions will help VBL gain ground in East and West Africa.
A local court in Ajmer has issued notices to the dargah committee, the Ministry of Minority Affairs, and the Archaeological Survey of India on a plea seeking to declare the shrine of Sufi saint Khwaja Moinuddin Chishti a temple. The petition, filed in September, has sparked a heated debate, with politicians and community leaders weighing in on the potentially volatile issue. The dargah committee has declined to comment, but the Anjuman Syed Zadgan, a body representing the caretakers of the dargah, described the petition as a deliberate attempt to fracture society along communal lines. The petition comes just days after four people were killed in Sambhal, Uttar Pradesh, following a local court ordering survey of a Mughal-era shrine. The Places of Worship (Special Provisions) Act, 1991, which fixed August 15, 1947, as the cut-off date for status quo on the character of religious places, is at the centre of much of the debate. Several politicians, including Union minister Giriraj Singh and PDP chief Mehbooba Mufti, have weighed in on the issue. The Communist Party of India (Marxist) has called the civil court's decision to entertain the petition unwarranted and has asked the Supreme Court to immediately intervene.
'Value index funds are most appropriate for long-term investors who can withstand deeper drawdowns.'
A freebie once granted can hardly be discontinued. All that can happen is to substitute it with a bigger freebie, notes A K Bhattacharya.
Nikhil Kumar showed excellent temperament on way to an unbeaten half-century under pressure and guided India U-19 to a nervy two-wicket win over Australia U-19 on the third day of the first unofficial Test in Chennai on Wednesday.
Anil Kumble expressed his disappointment with India's humiliating 0-3 whitewash against New Zealand, particularly criticising the team's top-order batting and the questionable pitch preparation.
rediffGURU T S Khurana answers readers' personal income tax queries.
Don't understand the basic difference between dividend payout, dividend re-investment, growth or bonus options? This will help to make an informed decision while investing.
The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
The massive victory of Bharatiya Janata Party-led Mahayuti in Maharashtra indicates a tactical course correction post the Lok Sabha debacle, with factors like Rashtriya Swayamsevak Sangh's active role in the poll campaign, Ladki Bahin scheme, rise in women voting, and subtle message of Hindutva playing a crucial role.
The Q2FY25 revenue for Coal India (CIL) was reported at Rs 30,700 crore (down 6 per cent year-on-year or Y-o-Y and 16 per cent sequentially). The blended average selling price was Rs 1,622/tonne (down 6 per cent Y-o-Y and 3 per cent quarter-on-quarter or Q-o-Q). Adjusted operating profit stood at Rs 7,200 crore (down 20 per cent Y-o-Y and 38 per cent Q-o-Q) due to lower-than-expected e-auction volumes and higher costs.
In view of the economic shock caused by the COVID-19 pandemic, Reserve Bank of India (RBI) on Friday asked scheduled commercial banks and co-operative banks not to make any dividends for the financial year ended March 2020. In view of the ongoing stress and the heightened uncertainty on account of the pandemic, RBI said it is imperative that banks continue to conserve capital to support the economy and absorb losses, if any. The decision is based on review of the September quarter financial performance of banks.
Liverpool's Diogo Jota bagged a last-gasp equaliser to salvage a breathless 2-2 Edraw against Fulham.
GAIL India's second quarter (Q2FY25) performance met expectations.
'Allocate up to 20 per cent of your core equity portfolio to quality funds.'
Quant funds are a unique offering in the MF space as the investment decisions are driven by a blend of active and passive strategies.
During the September quarter (Q2FY25), Hindustan Zinc's (HZL's) revenue was reported at Rs 8,300 crore (up 22 per cent year-on-year or Y-o-Y, and 2 per cent quarter-on-quarter or Q-o-Q), marginally above consensus. Operating profit stood at Rs 4,100 crore (up 31 per cent Y-o-Y and 5 per cent Q-o-Q), also a small beat. The operating profit margin was 50 per cent, up from 48.5 per cent in Q1FY25.
'Despite rising inflows, many NRIs lack awareness about NRO and NRE accounts and mistakenly use family accounts or invest in a relative's name.' 'Many are unaware of tax implications.'
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
An impressive performance in Jharkhand and, especially, Maharashtra assembly polls next month by the BJP-led National Democratic Alliance will lay to rest the doubts over the party's political dominance after its underwhelming performance in the Lok Sabha polls and strike a body blow to the Opposition.
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