After being underweight on domestic agrochemical companies and preferring global plays, brokerages believe that the former may perform better in the quarters ahead. Domestic crop protection companies have faced multiple headwinds over the past year and a half, given high inventory costs, pricing pressures, lower realisations in the generic segment, increased stocks due to lower infestations, and demand-led hits to volumes. Some of the overhang from previous quarters was reflected in the April-June quarter (first quarter, or Q1) of 2023-24 (FY24) as well, with aggregate revenues and operating profit for the sector down 12 per cent and 27 per cent, respectively.
If a 5% to 10% fall in the equity market gives you sleepless nights, you are not cut out for a 75% to 80% allocation to equities and must reduce it.
Despite the best ever quarterly net profit of Rs 3,091 crore during April-June of financial year 2023-24 (Q1FY24), challenges are mounting for InterGlobe Aviation-run IndiGo in the near term, said analysts. Given this, most brokerages have retained their ratings from 'buy to underperform', as well as their target price for the stock. For instance, Motilal Oswal Financial Services has retained its 'neutral' rating on the scrip as it believes the low-cost airline is facing teething issues at present.
The railways is expecting a revenue of Rs 1,84,820 crore during the current financial year (FY17).
Around 700 migrant workers, women and children have lost their lives in this reverse migration. But what is happening today with the migrant labour is only a continuation of the policies pursued by the Modi regime during the last six years. It is not for nothing that India was ranked the most dangerous country in the world for women in 2018 by the Thompson Reuters Foundation poll, points out Rashme Sehgal.
Chirag Daruwalla, who is following in the footsteps of his famed astrologer father, the late Bejan Daruwalla, makes his predictions for the New Year.
The discount will be given on the base fare and charges like GST, reservation fee, superfast tariff and others will be levied separately.
Who do you think should be in India's playing XI for the first Test against the West Indies?
Flight AI173 from Delhi was diverted to Magadan in Russia on Tuesday owing to an engine glitch, the Tata Group-owned private carrier said in a statement.
Quick commerce startups hope to race towards better days. Can they crack the execution code?
This is not a train for the regular commuter, evident from the number of large sized bags in the overhead bin, observes IAF Veteran Air Commodore Nitin Sathe.
Harish Kotian/Rediff.com's report card on India's three-ODI series in Bangladesh.
Indian Railway Catering and Tourism Corporation (IRCTC), the Indian Railways' wholly-owned listed subsidiary, is eyeing partnerships to offset recurring costs incurred in train operations, which is part of its two-year-old diversification from core catering and ticketing businesses. To this end, it is courting public sector undertakings such as Bharat Heavy Electricals (BHEL) and others to create a special purpose vehicle for the routes for which IRCTC has bid. The Railway ministry opened bids for public private partnerships in passenger train operations in July 2021 and received bids to operate 29 pairs of trains with around 40 modern rakes that would entail an investment of Rs 7,200 crore.
'There is good indication that the economy is bouncing back, but the problem is, we should look at the eight quarters preceding March 2020.' 'The growth had fallen below 3.1% before March 2020.' 'So, the governments must realise that even if you transform the best of green shoots into banyan trees, you see only 3.1% growth.'
Wadia Group-owned Go First Airways' (Go First) insolvency plea could trigger a 'momentum rally' in shares of rival airlines, Interglobe Aviation (parent company of IndiGo) and SpiceJet, as they look to gain bankrupt airline's market share, said analysts. On the bourses, shares of InterGlobe Aviation hit a 52-week high of Rs 2,235.95, surging 8 per cent on the BSE in Wednesday's intra-day trade, before settling 4.5 per cent higher at Rs 2,164 apiece. Those of SpiceJet and Jet Airways, meanwhile, rallied up to 6 per cent in the intra-day trade, and ended 1 per cent and 5 per cent higher, respectively, following the development, which was announced post market hours on Tuesday.
Mumbai bids adieu to its iconic red double-decker buses.
No matter what field you work in or what stage of your career you are in, metrics-based data always augments your CV, alerts Neelabh Shukla, Chief Business Officer, MyCareernet.
For the May 10 assembly elections in Karnataka, the following are the 20 seats to watch out for.
Everybody knows he's a master of sublime, but Mani Ratnam's brilliance in escalating drama delivers a goosebumps-inducing impact when bolstered by A R Rahman's musical gravitas,
The semi-high speed train is scheduled to be flagged off by Prime Minister Narendra Modi on February 15.
The APG released its much-awaited 228-page 'Mutual Evaluation Report' on Saturday, 10 days ahead of the key Financial Action Task Force's plenary meeting which will give its decision on Pakistan's 'grey list' status.
Among the retired police officials who lost was former 'encounter specialist' and Shiv Sena candidate Pradeep Sharma.
While the chair car fares are 1.5 times the base price of Shatabdi trains running the same distance, the executive class fares are 1.4 times that of the base fare of first class air conditioned seating in the premium train
Union minister RCP Singh, who was recently denied another term in the Rajya Sabha by the Janata Dal-United he formerly headed, should "heed the message" and resign from the cabinet, a key political aide of Bihar Chief Minister Nitish Kumar has said.
Though there was no fare hike proposal in the Rail Budget this time, passengers will have to cough up more for travelling on new trains with added facilities in the coming days.
Avatar: The Way of Water feels like a poorly chosen present -- the wrapping is beautiful, but the gift inside is a disappointment, observes Mayur Sanap.
The routes, for which ticket pricing information has been sought, include those connecting Jammu and Kashmir, Leh and Port Blair.
Since August 2013, FIPB has approved two FDI proposals in the telecom sector.
The introduction of private players would mean that trains will be available on demand and that passenger waitlist will decrease.
No fare hike was announced in the Railway Budget for 2019.
While in a statement issued earlier, the Railways had said that these trains will be fully non-air conditioned, on Wednesday it said that these will have both AC and non-AC classes and fully reserved coaches.
Banerjee urged the Centre to rethink about those who could not manage to appear for the crucial test.
The industry is hoping the Tatas deepen their dive and offer two stable airlines -- a Vistara merged into Air India servicing the international routes, and an AirAsia India merged with Air India Express that competes with the low fare airlines in India and offers destinations within five hours, says Anjuli Bhargava.
Goodbye makes ordinary places, ordinary people and ordinary events become interesting, observes Mayur Sanap.
Taking advantage of the indifference of passengers, the Indian Railways routinely indulges in several unfair trade practices, says S Pushpavanam.
New service will also make waitlisted tickets a thing of the past.
The first semi-high speed service of the Railways is being considered a boon for tourists visiting the city of Taj Mahal.
The Congress won 77 seats or 42% of seats in the 2017 polls. How then can Gujarat be called a BJP bastion, asks Sanjeev Nayyar.
Serial killer confusion in small-town South Korea, a struggling mission to save the tiger in the heartland of India, a slice-of-summer friendship by the Italian coast, Sukanya Verma lists a fascinating mix of must-watch fare on OTT this week.
'India is a founding and permanent member of this 'club of shame': Journalists are murdered on account of what they write or intend to write, but nobody is finally brought to justice in such cases.'
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