The BJP and the AIADMK are unable to sort out ideological differences, observes N Sathiya Moorthy.
This time round, even 'petrol coupons' were reportedly distributed for those attending campaign rallies, especially those addressed by top leaders, cutting across party lines. If this owed to the rising cost of petrol and diesel -- which is a poll issue this time -- there were the customary coupons for 'quarter' (liquor bottle size) and non-vegetarian biryani. Some media reports claimed that some of these 'crowds' attended more than one political rally on the same day in the last week, and at times for rival political parties in adjoining constituencies or districts, says N Sathiya Moorthy.
ITC has been one of the best performing large-cap stock at the bourses thus far in calendar year 2022 (CY22), rallying nearly 52 per cent during this period and outperforming the sector benchmark - the S&P BSE FMCG index - by a wide margin that moved up around 17 per cent during this period. However, the counter has lost over 5 per cent from its recent high of Rs 346.25 hit on September 23, 2022 and has underperformed the S&P BSE Sensex, which has lost nearly 2 per cent since then. So, is the rally in the stock coming to an end, and is this a good time to book profit?
Palanivel Thiaga Rajan was on the hit-list, not because the chief minister was unhappy with his performance, but because there were constant complaints from other ministers that he was sitting on their files far too long, observes N Sathiya Moorthy.
Shares of HCL Tech hit a fresh record high of Rs 1,118.55 on Friday, up 2 per cent on the BSE in intra-day trade, surpassing its previous high of Rs 1,101 touched on Thursday in intra-day deals.
"The 750-bed modern facility will be set up at Thoppur near Madurai at an estimated cost of Rs 1,500 crore," Palaniswami said.
Party sources indicated that there were "some ticklish issues" that were to be addressed by both groups, but declined to elaborate further.
You need eight to 10 hours of healthy sleep every night. Otherwise, your life and heart tend to fall apart, alerts Dr Santosh Kumar Dora.
Good intentions and elaborate roadmaps apart, there is an urgent need for the Tamil Nadu chief minister to come up with branded schemes like MGR's meal scheme, asserts N Sathiya Moorthy.
For Prime Minister Narendra Modi to dig up the perceived past of the DMK rival, now under a new leader in M K Stalin, may not gel with the voters, both old and new. If they are still going to vote for the AIADMK-BJP combine, it will be for entirely different reasons, and despite Modi's poll speeches, says N Sathiya Moorthy.
At the end of the day, Stalin expressing solidarity with an arrested colleague is one thing, especially if he too felt that the minister had been wronged, but for him to retain the person in office sets a bad precedent, which would not go unnoticed by voters, points out N Sathiya Moorthy.
AIADMK leaders and supporters pay homage to J Jayalithaa on her 5th death anniversary.
She's the first K-pop soloist to chart a Top 10 album for three weeks straight on Billboard 200.
Sushmita gives attitude... Ayushmann likes this time... So does Mouni...
While analysts remains overweight on financials, property, discretionary, industrials and materials, they maintain a neutral stance on pharma, telecom and energy; and underweight on staples, utilities, and IT services.
After new-age tech companies reported better-than-expected June quarter (Q1FY23) results, analysts said it will be a long road to recovery for their respective businesses and the stock prices. Moreover, brokerages differ on whether it is the right time to own these stocks. The common thread, however, that runs across most brokerages is Zomato, where they suggest buying the stock with the one-year target price ranging between Rs 60 - 115, translating into an upside of around 9 - 109 per cent from the current levels. The company's gross order value (GOV) of food delivery jumped 10 per cent quarter-on-quarter (QoQ) and 42 per cent year-on-year (YoY) in Q1, aided largely by growth in volume, and mild growth in average order value (AOV) at 1-2 per cent. The company also broke even on an adjusted Ebitda basis during the quarter.
OPS said Jayalalithaa had turned the AIADMK into 'an iron fortress which cannot be shaken by anyone'.
Despite a healthy March-May quarter (Q3FY22) show by global IT consulting firm Accenture, Indian IT companies shed up to 3 per cent on the National Stock Exchange (NSE) on Friday as analysts continued to highlight medium-term pain points for the sector. The Nifty IT index settled 0.9 per cent lower on Friday, as against a 0.9 per cent rise in the Nifty50 index. According to analysts at ICICI Securities, Accenture's Q3 saw moderation in year-on-year growth rate across verticals and US regions, which signals at likely normalisation in revenue momentum for Indian IT services going forward.
MK Stalin's ruling AIDMK rival does not thankfully face such problems as he did, but its problems could be worse if saner counsel does not prevail between now and the assembly polls, warns N Sathiya Moorthy.
Sasikala's declaration of staying away from politics does not necessarily have to mean that she was retiring for good. She is only taking time to evaluate the post-poll chances of hers before digging in again, if possible, says N Sathiya Moorthy.
'The BJP wants an AIADMK government so that they can implement their policies.' 'All the policies implemented in UP are being implemented in Tamil Nadu.'
In an audio clip of an phone conversation between Sasikala and one of the party cadres, which has gone viral on social media, the leader is heard confirming her plans of her return in the politics.
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
Morgan Stanley on Thursday became the latest brokerage to question the valuations of Indian equities and downgraded them from 'overweight' (OW) to 'equalweight' (EW) and recommended taking some money off the table. "We move tactically EW on India equities after strong relative gains - we expect a structural multi-year earnings recovery, but at 24 times forward price-to-earnings (P/E) we look for some consolidation ahead of US Fed tapering, an RBI hike in February and higher energy costs," Morgan Stanley equity strategists, led by Daniel Blake and Jonathan Garner, said in a note on Asia Pacific markets. The brokerage has upgraded Indonesia to OW, while maintaining an EW stance on China and UW on Taiwan.
If Sasikala wants to stay in active politics, she will have to go to EPS crawling, reports Aditi Phadnis.
It looked as if the BJP was hoping to use Rajinikanth to press their seat-bargain with the AIADMK. Now with the Rajini bait gone, the question now is not how much the BJP would settle for, but how much the AIADMK would be ready to offer, notes N Sathiya Moorthy.
A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater exposure and consequent enlightenment, it has gone beyond 'empowerment' to become 'entitlement', says N Sathiya Moorthy.
At the same time VK Sasikala, confidante of late party matriarch J Jayalalithaa is staking claim to the late leader's legacy.
India Inc's quarterly net profit reached a record high of Rs 1.64 trillion in the third quarter ended December 31, 2020, mainly due to gains from higher commodity prices and a big swing in banks' earnings. The combined net profit of 3,323 listed companies that have declared results so far was up 68.6 per cent year-on-year (YoY). In comparison, earnings were up six times (534 per cent) in the second quarter and 6.5 per cent in the corresponding period last year.
Back of the envelope calculations put government expense on each of the new schemes promised by the DMK and the AIADMK at tens of thousands of crores. But then, neither party has said how they are going to also address the mounting debt burden either, says N Sathiya Moorthy.
RSS-aligned Bharatiya Mazdoor Sangh (BMS) on Monday expressed disappointment over the government's budget proposals with regard to divestment and foreign direct investment, especially in the insurance sector. The BMS, however, lauded the government for its current efforts on the massive vaccination programme, a special scheme for tea workers in West Bengal and Assam, labour oriented push on infrastructure projects in construction sector and development of five major fishing harbours viz. Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat as hubs for economic activities etc. On other Budget proposals, it said in a statement that "mixing the beautiful concept of Aatmanirbhar Bharat with FDI and disinvestment in the Union Budget is disappointing for the employees".
'Favourable product mix, sales recovery, and cost saving initiatives are expected to support margins going ahead while focus on debt reduction (target of debt free by FY24) will aid balance sheet strength'
Operating margins for some companies dipped in Q3, 2021-22 but this sector could be nearing the bottom of the cycle in terms of profits.
The Madras high court on Wednesday set aside the proceedings of the Tamil Nadu revenue department locking and sealing the All India Anna Dravida Munnetra Kazhagam headquarters in Chennai following the July 11 violence, and directed that the keys of the office be handed over to party chief K Palaniswami.
The Sensex is on course to ending calendar year (CY) 2019 at a price-earnings (P/E) multiple of 29x, the highest in 25 years. Current valuations are, however, lower than those seen in the early 1990s. The Sensex has risen close to 14 per cent in the last 12 months, while the index underlying EPS dropped 6.7 per cent during the period.
If Tamil Nadu BJP President K Annamalai bought it in 2015, did he get prior approval from the Union home ministry, and did he include it in his annual wealth returns, sections of the media want to know. N Sathiya Moorthy on the curious case of the 'Rafale' watch.
Ahmedabad is home to the strangest of cuisines and is a city of contrasts, if you look beyond the tourist places.
Revenue of the Mumbai-based firm grew 11.4 per cent to Rs 38,172 crore in the June 2019 quarter, compared to Rs 34,261 crore in the same quarter of 2018-19.
It does not stop here, though. According to field information, state ministers, AIADMK candidates and campaigners are asking BJP cadres accompanying them not to carry party flags at common rallies and also avoid their saffron shawl on those occasions. BJP cadres are also asked to stay out of the common campaign when it enters a minority-dominated areas, especially of Muslims, and re-join later, says N Sathiya Moorthy.
'The BJP doesn't have to do anything except nudge the AIADMK in one direction.'
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