Swiss brokerage Credit Suisse expects the economy to continue to show positive surprises and record up to 9 per cent growth in the next fiscal. For the current financial year too, the brokerage anticipates growth to be higher than the consensus forecast of 8.4-9.5 per cent, and printing in at around 10.5 per cent. As a policy, Credit Suisse does not provide absolute growth numbers in its forecast.
'Thankfully, most investors in India have now seen through this false narrative and are once again deploying their hard-earned money.
In the last five years, 37 bridges have collapsed in Uttarakhand. Another 27 bridges are on the brink of collapse. 'Our politicians don't view these bridge collapses as a setback.' 'Rather they see them as an opportunity to make more money.'
Attacking the Modi government, Sonia said it has sought to erode our institutions.
Blinken is scheduled to arrive in New Delhi late on July 27. He is scheduled to attend a full slate of engagements on July 28. During his stay in the country, he will meet Prime Minister Narendra Modi and External Affairs Minister S Jaishankar.
The future challenger to Narendra Modi would be somebody who can bring the Hindus and Muslims together again. The Hindus as Hindus, not broken caste groups, asserts Shekhar Gupta.
A hallmark of some new businesses today is that they seek to use the brute force of capital, combined with smart technology and operations, to create new needs that you didn't even know existed, the chairman of Aditya Birla group said in a blog post on the trends for the new year.
The party, which is facing the elections with allies, actor R Sarath Kumar-headed All India Samathuva Makkal Katchi and India Jananayaka Katchi of Lok Sabha MP Paarivendhar, has announced it will test its fortunes from 154 of the 234 seats, leaving the rest to its two partners.
The oil ministry has stopped making fresh allocation of natural gas from domestic fields to the city gas sector, threatening the viability of Rs 2 lakh crore investment planned in the sector besides leading to a hike in CNG and piped cooking gas prices to record levels, sources said. Despite a decision of the Union Cabinet to give 100 per cent gas supply under 'no cut' priority to the city gas distribution (CGD) sector, current supplies have been maintained at March 2021 demand level. Besides, the process of allocating gas on a six-monthly average drawl also is punishing the CGD entities driving growth.
PowerGrid was the top loser in the Sensex pack, slumping over 4 per cent, followed by ONGC, IndusInd Bank, Kotak Bank, L&T, Asian Paints and Bajaj Auto. NSE Nifty tanked 258.40 points to 14,359.45.
Many banks' profits will take a hit and a few of them could even end up being in the red because of treasury losses, triggered by a sudden spike in government bond yields in the rising interest rate cycle, notes Tamal Bandyopadhyay.
The delegation demands the immediate dismissal of Minister of State for Home Ajay Kumar Mishra over the Lakhimpur Kheri violence.
A Delhi court on Friday convicted real estate barons Sushil and Gopal Ansal for tampering with evidence in the 1997 case of Uphaar Cinema fire which claimed 59 lives.
The Central Crime Branch police team also conducted searches in the office of the Karuppar Kootam channel at T Nagar and sealed it days ago.
In a move to plug gaps in the Insolvency and Bankruptcy Code (IBC), the ministry of corporate affairs (MCA) has proposed robust norms against avoidance transactions, wrongful trading, and inordinate delays via changes to look-back period and fixed timelines for the tribunals to reject or approve plans, among other measures. The MCA has proposed that the IBC should provide the adjudicating authority with 30 days for approving or rejecting a resolution plan under Section 31. If a decision is not made on the resolution plan within that period, the adjudicating authority will record reasons in writing for the same, the ministry has proposed.
Sending out a clear message to Congress ranks, Sonia said the party will have to change its style of functioning with changing times and urged them to keep the organisation above their personal ambitions.
Congress' chief spokesperson Randeep Surjewala said the 'Nav Sankalp Chintan Shivir' is also aimed at deliberating on challenges facing the country such as "freefall of the economy", increasing inequality of wealth, price rise of essential commodities, "deep-rooted conspiracy" to hand over farming sector to a select group of private corporates, "attack on India's territorial integrity by China, "attack" on rights of Dalits, SCs/STs, minorities and attempts to divide by using Hindu-Muslim rhetoric.
'Your faith in the system, and in the fact that you are a citizen of this country and have rights, starts eroding.'
The BJP campaign highlighted Yogi's persona as a tough-as-nails leader and an incorruptible man with no nest to feather; Modi's charisma which was turned on full blast in the penultimate phases; Amit Shah's ground work; a well-oiled party organisation, and the RSS's back-up.
If it splits now, who takes what away and leaves what behind? asks Shekhar Gupta.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Nine of the top 10 most valued companies witnessed a combined erosion of Rs 1,63,510.28 crore in market valuation last week, with Reliance Industries emerging as the biggest laggard.
Regulator Sebi on Friday imposed penalties on Reliance Industries Ltd, its chairman and managing director Mukesh Ambani as well as two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. Fines of Rs 25 crore and Rs 15 crore have been imposed on Reliance Industries Ltd (RIL) and Ambani, respectively. Besides, Navi Mumbai SEZ Pvt Ltd has been asked to pay a penalty of Rs 20 crore and Mumbai SEZ Ltd has been directed to pay Rs 10 crore. The case pertains to sale and purchase of RPL shares in the cash and the futures segments in November 2007.
China, Russia, Iran and international terrorism form the 'big four' set of security threats in an era of dramatic change, Britain's chief spy said in a rare public speech on Tuesday.
The central government has mandated all ministries, public departments and public sector units to use the telecom services of State-run Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL).
Additional sessions judge Anil Antil dismissed the application of Bhupinder Tomar, president of the 'Hindu Raksha Dal', and said that in the past such incidents have flared communal tensions leading to riots and loss to life and property. Tomar was accused of raising communal slogans and inciting youth to propagate against a particular religion at a rally at Jantar Mantar on August 8. "We are not Taliban State. Rule of law is the sacrosanct governing principle in our plural and multi-cultural society. While the whole of India is celebrating 'Azadi ka Amrut Mahotsav', there are some minds still chained with Intolerant and self centric beliefs," the judge said in the order passed on August 21.
'Religion is being deprived of its spirituality and is being used for strife and war.' 'The task right now is to keep raising a voice in favour of the 'Real Hindustan', its democracy, its composite culture, its people and their welfare.'
With the Indian economy expected to emerge as the third largest by 2030, investors have earmarked significant capital to actively participate in the India growth story.
Indrani laughed loudly. She looked like the cat that got the cream, smiling gaily. Vaihayasi Pande Daniel reports from the Sheena Bora murder trial.
The combined market valuation of eight of the top-10 most valued companies zoomed Rs 190,571.55 crore last week, with Bajaj Finance emerging as the biggest gainer, reflecting bullish investor sentiment. While Reliance Industries Ltd (RIL) and Tata Consultancy Services (TCS) witnessed erosion in their market capitalisation, rest of the eight companies including Hindustan Unilever Limited, HDFC, ICICI Bank and Bharti Airtel emerged as gainers. The market valuation of Bajaj Finance jumped Rs 35,878.56 crore to Rs 2,63,538.56 crore, becoming the biggest gainer among the top-10 most valued firms.
The NITI Aayog has recommended privatisation of state-owned insurer United India Insurance Company as the government aims to move ahead with its new public sector enterprise (PSE) policy for Atmanirbhar Bharat. The policy think tank has suggested that the public sector insurer be considered for privatisation in the banking, insurance and financial services sector, which has been classified as 'strategic' in the PSE policy, said an official. The policy proposes the "bare minimum" presence of government-owned companies in strategic sectors, and privatisation, merger or closure of remaining public sector undertakings (PSUs).
The BJP can't be sure if it should celebrate that the old rival is fading or worry that new ones are rising. Because the last thing the BJP wants to see is alternatives rising, if only to the Congress, observes Shekhar Gupta.
Investor wealth eroded by Rs 6.59 lakh crore on Monday as equities tanked after the UK reported a new strain of the COVID-19 virus. The 30-share BSE Sensex plunged 1,406.73 points or 3 per cent to close at 45,553.96. The benchmark hit an all-time high of 47,055.69 during the session. Following the sharp selling, the market capitalisation of BSE-listed firms plummeted by Rs 659,313.65 crore to Rs 1,78,79,323.05 crore.
Market experts say that FIIs have been caught off-guard on their exposures to companies with high-leverage and those facing cyclical headwinds.
Ramesh Menon, the veteran journalist suggests Prime Minister Narendra Damodardas Modi what he should do if he wants to win 2024 Lok Sabha elections.
The bulk of the erosion in terms of value took place in India's most-valued firms. For instance, Mukesh Ambani-led Reliance Industries alone has lost Rs 3.8 trillion in m-cap, followed by HDFC Bank, which has seen its value erode by Rs 2.45 trillion and Tata Consultancy Services (TCS), which has lost Rs 1.85 trillion to stand at Rs 6.24 trillion, making it India's most-valued.
'We try to pick up stocks early and hold onto them for the long term.' 'We are not someone who buys and sells on a daily basis.'
If the BJP doesn't do something quickly, Anurag Thakur and P K Dhumal will be the ones having a quiet last laugh.
LIC identifies the problems well, but what the markets will watch is how nimble it is with the solutions.
'Bommai is everybody's man and nobody's man'
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