Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
With nearly 100 countries closing national borders during the past month, the movement of people and tourism flows have come to a screeching halt. The contraction could be even higher if governments fail to provide income support and help boost consumer spending.
'I understand some people are comfortable getting a Covishield shot as their third dose.'
Veteran adman Kamal Oberoi has never failed to surprise people. His never-say-die spirit has seen him make the transition from advertising to hospitality with elan.
The Aam Aadmi Party on Sunday said Tihar authorities were 'lying' about specialist doctors examining Delhi Chief Minister Arvind Kejriwal, while his wife Sunita Kejriwal alleged that he was being denied insulin for diabetes as 'they want to kill' him.
The company has a production facility in Sri City in Andhra Pradesh.
Improving economy and investment in Indian carriers and hotels by global companies is likely to lead to hiring for aviation and hospitality sectors witnessing up to 40 per cent growth in 2015, according to experts.
India on Wednesday reported 21 cases of the JN.1 Covid variant, a development that is neither surprising nor particularly worrying, scientists said while allaying fears but also advising adherence to existing precautionary measures.
Efficient land use, minimum congestion, a focus on dharamshalas (inns) and homestays, upgrading the infrastructure while retaining the historical and cultural character of the city are some of the highlights of the plan prepared by Kukreja, the managing principal of CP Kukreja Architects.
Hiring prospects in the hospitality sector look bright as a large number of employers are expected to increase their workforce considerably in the coming months, global staffing services firm Manpower says.
Hospitality chain has 12 hotels in the country.
Drug major Cipla on Tuesday said it has launched drone-powered deliveries of critical medicines - cardiac, respiratory and other essential chronic therapies - to hospitals and pharmacies across Himachal Pradesh in partnership with Skype Air Mobility, a Gurugram-based drone delivery company. Cipla is the first among large Indian pharmaceutical companies to adopt drone-based deliveries to facilitate expedited supply to stockists in remote areas, it claimed. The Mumbai-based firm said the use of drones will support the on-time delivery of its medicines to chemists and clinics in remote areas, and minimise risks of affecting cold chain products due to temperature excursions.
Anurag Maloo went missing on Monday after he fell from around 6,000 metres while descending from Camp III.
Biden told reporters in Hanoi in the Vietnamese capital that he also raised the importance of respecting human rights with Prime Minister Modi.
Officials are tight-lipped on the exact menu but it is expected to reflect India's culinary diversity.
The heart, that set out its journey from Surat reached the operation theatre in Fortis Hospital in a matter of 1.15 hours covering a distance of 269 kilometre.
The drug that it would supply is called Olanzapine, used to treat schizophrenia and bipolar disorder.
'We all work hard and save money, and later spent it in hospitals!'
Stroke is the second commonest cause of death in India with the country recording one stroke death every four minutes, neurologist M V Padma Srivastava said.
'The idea is to have a place where people can come together and bridge the gap. It will be a contemporary design for the future, and not have the shadows of the past' Ritwik Sharma reports.
R Ravindra, India's Deputy Permanent Representative (DPR) to the United Nations, on Wednesday, underlined New Delhi's efforts to send humanitarian assistance to civilians in the Gaza Strip, amid the ongoing Israel-Hamas war, saying that it has sent 38 tonnes of food and critical medical equipment to the region.
White-collar hiring witnessed an 8.6 per cent annual decline in September, following a negative trend in sectors including IT, BPO or ITES and FMCG, a report said on Monday. On a month-on-month basis, however, there has been a growth of almost 6 per cent in job postings. In September, there were 2,835 white-collar job postings, down by 8.6 per cent compared to the same month last year when 3,103 jobs were posted, according to Naukri.com's monthly 'Naukri JobSpeak Index'.
Sahara Group chief Subrata Roy passed away on Tuesday due to a cardiorespiratory arrest after a prolonged illness, a company statement said. He was 75. He was 75. According to the company statement, he passed away at 10.30 pm due to cardio-respiratory arrest following an extended battle with complications arising from metastatic malignancy, hypertension, and diabetes.
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
Prime Minister Manmohan Singh was on Thursday briefed about the condition of his ailing cabinet colleague Vilasrao Deshmukh, stated to be stable at a hospital in Chennai where he is undergoing treatment for serious liver illness.
Six decades and more later, we are now captives of our identities. Every poll is based on elaborate calculations of electability of candidates on the basis of their castes and other narrow definers. That, along with voter promiscuity, is what defines our political culture, which remains stubbornly resistant to any change, asserts Shreekant Sambrani.
Amphibious drones for maritime inspection... devices that extract pure oxygen from water for patients in need... self-balancing electric bikes...
Hotel companies, which have experienced substantial share price gains in the past six months, are not only expected to post robust revenue growth in the seasonally weak July-September quarter (second quarter, or Q2) of 2023-24 (FY24), with the trend continuing in the second half (H2) of FY24, but according to some analysts, they will also benefit from a structural uptrend in progress. To begin with, larger players in the listed hotel sector are expected to report strong growth in Q2 compared to the year-ago quarter. Led by higher demand from the business segment, the sector is expected to achieve a growth rate of 15-30 per cent.
ITC highlighted that legal cigarettes account for 9 per cent of tobacco consumption in India, but 80 per cent of tax collection is from tobacco products. While illicit cigarettes account for roughly one-third of the market share, legal cigarette volumes have recovered to around 96 per cent of peak FY13 volumes, after dipping to 70 per cent in FY21.
India has recorded 1,134 new coronavirus cases, while the active cases increased to 7,026, according to the Union health ministry data updated on Wednesday.
His government's decision to host G-20 events across the country is an investment in capacity-building among people, cities and institutions, Prime Minister Narendra Modi has said, as he took a jibe at previous governments asserting they lacked confidence in people's abilities to hold mega events outside the capital, in smaller places.
rediffGURU Chocko Valliappa offers advice on how to upskill yourself to advance in your career.
A 23-year-old doctor was stabbed to death on Wednesday at a taluk hospital in Kottarakkara area of Kollam district in Kerala allegedly by a man, a school teacher under suspension, who was brought there by police after being involved in a fight with his family members.
Prime Minister Narendra Modi on Thursday thanked Qatari Emir Sheikh Tamim bin Hamad Al-Thani for the release of eight Indian nationals, who were sentenced to death after being arrested in Doha in August 2022.
'India's G20 presidency has been inclusive, ambitious, decisive, and action-oriented. We actively voiced the developmental concerns of the Global South'
The consignments were sent in a C-17 transport aircraft of the Indian Air Force.
A 35-year-old man of African origin with no recent history of foreign travel has tested positive for monkeypox in Delhi, making it the country's eighth case and the city's third, official sources said on Tuesday.
Voicing his deep concern, the UN chief said that the "hospitals in the south of Gaza are already at capacity and will not be able to accept thousands of new patients from the north."
Amid a rise in monkey pox cases globally, the Centre on Thursday asked states to ensure screening and testing of all suspect cases at points of entry and in the community as part of India's preparedness against the disease.
