After disappointing guidances in the first quarter (Apr-Jun) of the 2023-24 financial year (Q1FY24) and valuation downgrades, the Indian IT sector could see some positive repricing as the bad news for IT maybe easing in Q2FY24. A key negative factor was weaker demand from the US financial sector and from North America in general. The latest GDP (gross domestic product) estimates and sector-specific news suggest that the demand situation may not be quite so bad with a gradual recovery in tech spending in Q2.
The incident happened around 4.30 pm in Kumarghat area during the 'Ulta Rath Yatra' or return car festival of Lord Jagannath organised by ISKCON, they said.
India has been ranked the sixth most "innovative" country in the world according to General Electric's Annual Global Innovation Barometer.
After a technology upgrade, the Multi Commodity Exchange of India (MCX) appears poised for an improvement in volumes. The premier commodity and forex exchange reported a loss of Rs 19.1 crore in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). This was attributed to higher software charges payable under an extended service agreement with 63 moons technologies and a one-off cost towards core guaranteed funds (CGF).
Kajaria Ceramics, the country's leading listed tile manufacturer, has seen its stock fall by 7 per cent over the past month amid concerns about rising input costs and sluggish domestic demand. Other listed stocks also experienced weakness in September, although there was some recovery in October. While strong exports are expected to help stabilise domestic market prices, the surge in gas prices over the past couple of months may have impacted margins in the second half of FY24.
More and more women are making their presence felt in jobs related to sciences, technology, and engineering across organisations.
When I was leaving Pakistan and going abroad I had no feeling of happiness but today I am happy, Sharif said.
The statement added that Goel was removed from the post of DGP for not taking interest in departmental work.
The 7,480 MW project will be the largest gas-fired power project at a single location in the world and will cost about Rs 20,000-25,000 crore (Rs 200-250 billion). Mukesh Ambani-controlled RIL for the supply of gas from the Krishna Godavari basin, where RIL is developing the largest gas reserves in the world. The matter is currently under litigation in the Bombay HC and a decision is expected soon.
The longest-serving Bharatiya Janata Party chief minister and popularly known as mama (maternal uncle) and 'paon-paon wale bhaiya' (foot soldier), Shivraj Singh Chouhan has emerged as the hero of his party's stunning victory in the state assembly elections.
'Our factories are world-class and are becoming increasingly attractive for our global business leaders to use to serve other markets.'
Five cities -- Delhi, Bengaluru, Kolkata, Hyderabad and Surat -- ceded their power of procurement and agreed to a different procurement model to operate state-run buses.
The Supreme Court on Tuesday deferred the oath taking of Delhi Electricity Regulatory Commission (DERC) chairperson-designate Justice (retd) Umesh Kumar, while deciding to examine the constitutional validity of a provision of the Centre's recent ordinance governing such an appointment.
A Supreme Court vacation bench of Justice Surya Kant and Justice MM Sundresh noted that the petition was still pending in the high court and asked the ED to approach that court.
'These frequent visits show the BJP fears that the Congress will retain power.'
There was an acceptable domestic performance in India but there continues to be concerns about the Europe business and that overshadows the local performance. The consolidated revenues for the Q2FY24 stood at Rs 55,682 crore with an operating profit of Rs 4,315 crore and an operating profit margin of 8 per cent.
The scarcity of resources is particularly evident in the case of Rajasthan compared to many other states.
'...a more capable State -- one that operates with greater capacity, greater efficiency, and greater clarity of purpose.' 'But I also see a more despotic State -- one that places more constraints on speech, assembly, dissent, and critique.' 'It may run 'better', but on the regime's rules.'
India's economy grew 6.1 per cent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 per cent, official data showed on Wednesday.
Finance Minister Nirmala Sitharaman on Thursday said the government will consider the Production Linked Incentive (PLI) scheme for Chemicals and Petrochemicals sector to make India a manufacturing hub for such products. In view of stringent pollution control regulations and rising labour cost, she said, global manufacturers in the chemical industry are looking at diversifying their products and production capability and India stands out as an alternative destination for manufacturing. Besides, India offers a large domestic market, she said while addressing the third edition of the summit on 'Global Chemicals and Petrochemicals Manufacturing Hubs in India'.
As SpiceJet faces heat from the aviation regulator DGCA for multiple flight incidents in the last few weeks, malfunction cases involving planes of IndiGo and Vistara came to light on Wednesday.
Maruti Suzuki India (MSIL) has ambitious plans to increase capacity. It is also seeking shareholders' approval for a complex swap transaction, which would acquire Suzuki Motor Gujarat (SMG), a subsidiary of Suzuki Motor Corporation (SMC) through a preferential offer. SMC already holds 56.37 per cent of MSIL's equity.
A Madagascar hissing cockroach is deployed with a 'backpack' of electronics and a solar cell that enable remote control of its movements
A total of 33 teams have been earmarked by the National Disaster Response Force (NDRF) to undertake relief and rescue operations in Gujarat and Maharashtra ahead of the expected landfall of cyclone 'Biparjoy' near the Jakhau port in Kutch district, officials said on Wednesday.
From the resurrected cash-for-votes scandal to a rigged process favouring four foreign vendors -- and from new safety concerns to the special legislation that caps the foreign suppliers' accident liability by burdening the Indian taxpayer -- the nuclear deal's future looks more troubled than ever, says Brahma Chellaney.
Chhetri is 38 but still continues to be the spearhead of Indian attack
The wrestlers have been protesting for nearly a week demanding action against Singh, also a Bharatiya Janata Party MP, on sexual harassment allegations levelled by seven women players.
Water and electricity connections to former chief minister Prafulla Kumar Mahanta's quarters inside the Assam assembly complex were snapped on Wednesday as he has not shifted to a new accommodation despite receiving several notices to do so, officials said.
The power sector is always strongly correlated to economic activity and is receiving its share of investor attention as India's post-Covid-19 recovery continues. India's leading integrated power producer, the public sector undertaking (PSU) NTPC controls around 25 per cent of India's power capacity. It continues to increase installed capacity, in thermal as well as renewables (solar, wind, green hydrogen) and hydropower and pumped hydro, and also has backward integration into coal mining, and explored nuclear.
The annual study by Hay Group, in partnership with Bloomberg BusinessWeek.com, ranked the best companies for leadership globally and examined how those companies develop leaders.
Analysts seem to be generally pessimistic about Bharat Heavy Electricals (BHEL). Out of 15 brokerages with recommendations since May this year, two have 'buy' while five have 'sell' and eight have 'underweight'/'reduce'/'underperform'/'hold' recommendations. The average target price of the public sector undertaking (PSU) is Rs 61. However, the stock has been consistently hitting new highs, which indicates that there is some kind of valuation mismatch.
A halogen light at the pandal overheated, causing an electric wire to catch fire at multiple points simultaneously. Soon the fire engulfed the wooden scaffolding and the tent, Rathi said.
Mehta told the bench that Balaji is an influential minister and the high court has allowed his transfer to a private hospital which could hamper investigation.
Managing expectations lies at the core of economic governance in a modern economy.
Maruti will launch its first electric vehicle (EV) in the next financial year (FY24), and will roll out six EVs in the country by FY30, the automaker's parent firm Suzuki said on Thursday.
The facility would focus on equipment for the energy sector, besides aviation and health areas.
In India, GE expects to grow its business by 20-30 per cent this year. It aims to increase its energy business in the renewable energy segment to $250 million in 2012-13, from $100 million this year.
There are altogether 80 teams of doctors and trained medical personnel with three teams in each hospitals.
The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.
The aircraft crashed 3 km away from Chorhatta airstrip after hitting the dome of a temple and a tree while on a training sortie, said Chorhatta police station in-charge J P Patel.
