The weak April-June quarter (first quarter, or Q1) results of the largest listed specialty chemical maker, SRF, and multiple global headwinds for the sector are expected to weigh on the prospects of Indian specialty chemical companies in 2023-24 (FY24). Stocks in the sector (down 7-18 per cent) have underperformed the benchmarks (up over 10 per cent) in the past three months, and given the multiple challenges, the trend is likely to continue. Kotak Institutional Equities expects a very weak quarter (Q1FY24) for the sector due to destocking, demand weakness across certain critical end-use industries, and price erosion amid intense competition from Chinese suppliers.
Rishi Sunak speaks at a Conservative Friends of India event at the Dhamecha Lohana centre in Harrow, London.
Polling stations across the United Kingdom opened on Thursday morning to decide the historic referendum on whether the country should remain a member of the European Union or leave the politico-economic union of 28 member states.
United States President Joe Biden will travel to India from September 7 to 10 to attend the G-20 Leaders' Summit during which he will discuss with other leaders a range of global challenges, including the Ukraine conflict, the White House announced on Tuesday.
Where does Britain go from here? What happens to the European Union?
Even though Bharat Forge's performance in the July-September quarter broadly met Street estimates and defence orders are on the rise, the subdued outlook for its global business has prompted some brokerages to adopt a cautious stance on the company. Analysts have reduced the company's earnings per share (EPS) estimates to account for the slow recovery of its overseas subsidiaries. Valuations are also trading at long-term averages, which could limit potential upsides.
The Commonwealth has called for all parties to "show restraint and restore calm", while the European Union has expressed "deep concern" over the continued political unrest and the heavy-handed response of the security forces. India has appealed to all political parties to exercise restraint and to refrain from actions that might have an adverse impact. Shubha Singh reports.
British Prime Minister David Cameron suffered a stinging parliamentary defeat over Europe after Conservative rebels joined the Labour opposition to demand a cut in the European Union budget. The defeat on Wednesday night came after more than 50 rebels from the ruling party joined Labour Members of Parliament in supporting a demand for real-terms reductions in spending by the European Union. The government was defeated by 307 votes to 294, a majority of 13.
The world needs to wake up to this new dimension of war at sea and be prepared to face the 'unknown enemy' who have the advantage of attacking at their choice of location and time, cautions Commodore Venugopal Menon (retd).
There is no question of a Brexit-like referendum on the abrogation of Article 370 in Jammu and Kashmir, the Supreme Court said on Tuesday, as it grappled with the question as to whether its repeal was constitutionally legal.
Prime Minister Narendra Modi had informal interactions with US President Joe Biden, UK Prime Minister Rishi Sunak, French President Emmanuel Macron and several other global leaders on Tuesday on the sidelines of the G20 summit in Bali and exchanged views on a range of issues.
In a major relief for pilots in dealing with fatigue, aviation watchdog DGCA on Monday came out with revised norms that increase their weekly rest time to 48 hours and limit the number of landings to two during night operations. The Directorate General of Civil Aviation (DGCA) has also extended the night hours for pilots and now, it covers the period from 0000-0600 hours whereas it was 0000-0500 hours earlier. Besides, all airlines have to compulsorily submit quarterly fatigue reports, which "should follow a follow a non-punitive and confidentiality policy".
It is a timely reminder that when faced with twin threats, India has succeeded by wisely choosing allies, points out Colonel Anil A Athale (retd).
The team originally comprised 27 parliamentarians, mostly from extreme right or right wing parties, but four did not travel to Kashmir and have reportedly returned to their respective countries, officials said.
The Congress on Tuesday stepped up its attack on the Bharatiya Janata Party government for allowing European Union MPs to visit Kashmir while denying permission to Indian parliamentarians, and termed it a "national embarrassment".
India is among 120 countries which backed the draft resolution put forward by the European Union and several other countries.
May confirmed the deadline for triggering Article 50 of the Lisbon Treaty, which sets in place a two-year process of Brexit, as the first quarter of next year.
Falling sugar production in the European countries would provide an excellent opportunity for Indian sugar exports to the European Union market, says a top government official.
Since UK referendum outcome to exit European Union last Friday, 32 companies have hit record highs.
Putin made these remarks on Tuesday while speaking at the Plenary session of the 8th Eastern Economic Forum in Vladivostok, a major port city in sanctions-hit Russia's Far East region
Following the vote, Johnson attacked the opposition parties, asserting they wanted to delay Brexit again.
Zelenskyy has put the blame on Russia and drew a chilling comparison of the new mass graves to what was discovered in Bucha, on the outskirts of the capital Kyiv.
China welcomes all initiatives that truly help developing countries build infrastructure and sincere efforts to promote connectivity and common development, the Chinese Foreign Ministry said.
Counting is under way in a referendum that will decide whether the UK remains a member of the European Union.
India rose two spots to rank eighth out of 63 countries in the Climate Change Performance Index 2023 (CCPI). In the Greenhouse Gas Emissions and Energy Use categories, the country was rated "high". In the Climate Policy and Renewable Energy categories, it earned a "medium" rating.
Ahead of the G20 summit, Delhi Lieutenant Governor V K Saxena on Thursday went on a final round of inspection of Rajghat, Pragati Maidan and other places to take stock of preparations for the mega event.
We have applied for marketing authorisation to the EMA through AstraZeneca. We will not sell the vaccine in the EU, said a company source.
Notably, Ukrainian forces disabling bridges across the Dnipro river and attacking Russian supply lines made it very difficult for Russia to defend the occupied territory.
Pakistan was put in the inglorious list in 2018 for its failure to check risk of money laundering, leading to corruption and terror financing.
India appears poised to sustain its growth in a more durable way than before with the economy carrying the momentum from FY23 into the current fiscal year, the Annual Economic Review for 2022-23 released by the finance ministry on Thursday said. However, the report cautioned that escalation of geopolitical stress, enhanced volatility in global financial systems, sharp price correction in global stock markets, a high magnitude of El-Nino impact, and modest trade activity and FDI inflows, are factors that could constrain the pace of growth. "Should these developments deepen and dampen growth in the subsequent quarters, the external sector may challenge India's growth outlook for FY24," the finance ministry said.
After the European Union and the Association of Southeast Asian Nations, the eight-member South Asian Association for Regional Cooperation could soon have an anthem after an Indian diplomat in Kathmandu penned a song for the grouping to foster deeper regional consciousness.
In a news conference just hours before the pre-audited results were released, the European Union monitors said they believed that the tally included 1.5 million suspicious ballots, or more than one of every four votes cast.
'Russia was hit with sanctions yesterday, but these are not enough to get these foreign troops off our soil. Only through solidarity and determination can this be achieved'
Had it not been for the slow but sure emergence of China as a threat to the western order, would India have been accepted as a near-equal partner by individual western nations, jointly and severally, questions N Sathiya Moorthy.
The European Union on Friday joined India in pressing Pakistan to "expeditiously" bring the perpetrators, authors and accomplices of the 26/11 terror attacks to justice, as they expressed concern at the "continuing existence" of safe havens, including in the cross-border dimension.
British Prime Minister Boris Johnson confirmed in a statement on Thursday that the European Union Withdrawal Agreement Bill has cleared its parliamentary stages and is now awaiting Royal Assent by Queen Elizabeth II before it goes on for EU ratification.
The attack comes a day before a delegation of European Union MPs is visiting the Valley.
Addressing the European Union Parliament, Musharraf said, "We are as concerned with democracy as you are. I assure you that elections will be fair and peaceful".
Just when you thought that the world was slowly slipping away from the crippling recession that had it in its vice-like grip since 2008, here comes the Irish economic crisis.
Last month, in a historic development, the UK voted to leave the European Union.
