'We will buy coolers if the need arises. It's very hot out there. We had brought Rs two lakh cash with us but have already spent about 5-6 lakh rupees so far.'
A day ahead of the G20 Summit, it was not very clear whether a consensus on the text to describe the Ukraine crisis in the joint leaders' declaration was achieved with China appearing to emerge as the main stumbling block to bridge the differences on the contentious issue.
Except for Westlife Foodworld (Westlife), a weak 2022-23 (FY23) January-March (fourth quarter, or Q4) quarter performance and a muted near-term outlook led to a downward revision of earnings estimates for quick-service restaurant (QSR) players. Brokerages have slashed estimates by as much as 10 per cent for 2023-24 (FY24) and 2024-25 (FY25). The downward revisions have weighed on the performance of listed players, who have underperformed the market with low single-digit returns over the past month.
Alibaba's pervasive economic and social influence in China is seen as a threat to the authority of the Chinese Communist party, notes Shyam Saran.
Despite a firm improvement in the operational metrics of new-age companies during the January-March quarter (Q4FY23), analysts remain cautiously optimistic about their outlook. This is because the shares of these firms are still not risk free, as per analysts, given the companies are yet to make profits. Kranthi Bathini, director-equity strategy at WealthMills Securities says that while the sentiment around these stocks, which includes Paytm and Zomato, has turned positive, it remains to be seen how soon these firms turn profitable and improve margins.
Investors are increasingly turning optimistic about shares of new-age companies. From broad-based 'sell' calls, analysts are giving thumbs up to Zomato, Paytm, and FSN e-Commerce Ventures-owned Nykaa as these companies have shifted focus to sustainable profits. The shares of Zomato hit a fresh 52-week high of Rs 126 apiece on the BSE on November 7, having rallied 15.4 per cent in one week.
Food delivery platform Zomato has filed preliminary papers with capital market regulator Securities and Exchange Board of India (Sebi) to raise Rs 8,250 crore through an initial share-sale.
India and France expressed "serious concern" at the ongoing conflict and humanitarian crisis in Ukraine.
Before the group photo session, US President Biden walked towards Prime Minister Modi and exchanged pleasantries and warmly shook hands.
Congress President Sonia Gandhi on Saturday appeared to rule out early Lok Sabha polls, saying "our aim is to go till the very end".
'We cried our hearts out as we saw our huts going underwater. It was hard to believe that I was fast asleep at the same spot just 15-20 minutes ago'
The two sides held discussions on enhancing investment in technology, renewable energy and food security.
The main Opposition BNP of former premier Khaleda Zia, 78, who is under house arrest, is boycotting the elections amidst violence.
Amid the raging Israel-Hamas war, a group of opposition leaders, including MP Danish Ali and former parliamentarians Mani Shankar Aiyar and K C Tyagi, visited the Palestine Embassy in New Delhi on Monday to express solidarity with Palestinians.
The flight was diverted to the Jamnagar airport following a bomb threat and made a safe emergency landing there at 9.49 pm on Monday, officials had said.
The move is being planned with a view to ensuring that the benefits provided by the government reach the beneficiaries and the process remains transparent.
The National Advisory Council, chaired by Congress party president Sonia Gandhi, met for the second time on Thursday after its recent revival and unanimously endorsed the idea of universal access to the public distribution system (PDS) in rural areas.
The National Advisory Council, chaired by Congress party president Sonia Gandhi, met for the second time on Thursday after its recent revival and unanimously endorsed the idea of universal access to the public distribution system in rural areas. It was agreed that a universalised PDS should be implemented initially in 150 districts, a member said.
The G20 chair has suggested three areas for the talks in Argentina - the future of work, infrastructure for development and a sustainable food future, areas where India has a lot at stake.
Sacked Rajasthan minister Rajendra Gudha had claimed that the red diary which he had secured from the residence of Congress leader Dharmendra Rathore during an income tax raid in July 2020 on the directions of the chief minister had details of Gehlot's financial transactions.
'But he was very quick and did a very stylish adab.' 'Of course, I didn't expect him to hug.'
India did not yield any major ground on trade facilitation while it managed to successfully push its stand on food security issues through the WTO meeting in Bali, a top official said.
The Cabinet held a detailed discussion regarding the five guarantees and its implementation, and has arrived at decisions, Siddaramaiah who headed the meeting told reporters.
Londoners Roma Popat and Vinal Patel were originally due to get married on April 20 but when lockdown disrupted their plans, they discussed the concept of a drive-in wedding with their wedding coordinator, Saheli Events, almost as a tongue-in-cheek thought rather than a serious plan.
"The agitation of farmers continues and the government has shown shocking insensitivity and arrogance going through the charade of consultations," she said.
The finance minister's assertion that industry should not expect any spectacular announcements in the 2024 interim Budget suggest that the electoral imperatives of more tax concessions or higher expenditure on welfarist programmes could be far less pronounced than they were before the 2019 interim Budget, expects A K Bhattacharya.
In his opening remarks at the virtual summit of the Shanghai Cooperation Organisation (SCO), Modi also said that some countries use cross-border terrorism as an instrument of their policy and the grouping must not hesitate to criticise them.
"We work with other countries to develop their capabilities and support their efforts to make free sovereign choices. More broadly, we aim to advance peace and stability in the region," he asserted.
Sonia aid the Congress has been consistent over the years in its strong belief that both the Palestinians and Israelis have the right to live in a just peace.
Jailed YSR Congress president Y S Jaganmohan Reddy on Sunday refused to take food during lunch and dinner which was served to him at the Chanchalguda Central Prison following his announcement to launch an indefinite fast to protest the move to bifurcate Andhra Pradesh.
The central government on Friday stopped the doorstep delivery of ration scheme MMGGRY (Mukhya Mantri Ghar Ghar Ration Yojana) of the Delhi government, scheduled to be launched on March 25.
While the government has claimed significant increase in funds for farm credit, PMKSY and PKVY, facts show a different story.
Aiming to give a concrete shape to new initiatives in the farm sector, the Cabinet will soon take up key issues such as central assistance to states, food security mission and suggestions of National Commission on Farmers.
India is 'deeply concerned' at the deteriorating security situation and astounding loss of civilian lives in the ongoing conflict.
Dismissing the contention that the decline in inflation was on account of the steps taken by the NDA government, Chidambaram said he wanted to know, 'what measures were taken by the government that contributed to decline in inflation rates.'
Now the PMO needs to take the food sector reforms forward.
Budget proposals have set four goals to transform Indian Railways.
Congress President Sonia Gandhi on Saturday expressed anguish over the gruesome gangrape of a 23-year-old photojournalist in Mumbai.
According to a senior commerce department official, though India is ready to sign the TFA and take necessary actions towards that, it is imperative that a discussion on public stockholding gets its due importance.
Jaishankar said all members would agree that India's approach should be guided by its national beliefs and values, national interest and by its national strategy.
