Telecom operator Bharti Airtel on Tuesday posted a 49.2 per cent jump in its consolidated net profit to Rs 3,005.6 crore for the January-March quarter of 2022-23 on the back of new 4G customers and strong growth in average revenue per user (ARPU). The company had recorded a net profit of Rs 2,007.8 crore in the same period a year ago. Bharti Airtel's consolidated revenue from operations grew by 14.31 per cent to Rs 36,009 crore during the reported quarter from Rs 31,500.3 crore in the March 2022 quarter.
As long as oil continues to be a factor, as long as Iraqi Shias and Sunnis continue to butcher each other, as long as the expenses of war can be sustained by the American economy, there is no hope of an American withdrawal from Iraq.
The Securities and Exchange Board of India (Sebi) has for the first time proposed to regulate online platforms offering fractional ownership in real estate, a model already popular in countries like the United States and UAE. In a consultation paper floated recently, the capital markets regulator stated that such fractional ownership of real estate assets was proposed to be brought as MSM (micro, small, medium) REITs under Sebi (Real Estate Investment Trusts) Regulations. This model allows investors to own a fraction or a small share in a real estate asset like buildings and office spaces, which could include warehouses, shopping centres, conference centres.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Indian boxers assured two medals in the ongoing World Championships.
The Bharatiya Janata Party swept Madhya Pradesh, Rajasthan and Chhattisgarh on Sunday inflicting a resounding defeat on the Congress to tighten its stranglehold in the Hindi heartland, in a big boost for Prime Minister Narendra Modi and setting the tone for the 2024 Lok Sabha elections.
Star had picked up stake in August 2004; transaction took place on the Metropolitan Stock Exchange of India
As part of meetings to discuss the Bharatiya Janata Party's post-poll strategy, party President Rajnath Singh met Rashtriya Swayamsevak Sangh leader Suresh Soni.
Experts say going ahead data price will fall further due to competition
It could be part of a deliberate strategy to heal divisions within and restore the Pakistan army's image, explains Rana Banerji, who headed the Pakistan desk at RA&W.
Stocks of new-age companies have seen a mixed performance thus far in calendar year 2023 (CY23). While those of One97 Communications (parent company of Paytm), PB Fintech and Zomato have surged up to 63 per cent year-to-date (YTD), FSN e-commerce, the parent company of Nykaa, however, has dropped 14 per cent YTD. By comparison, Nifty50 and Nifty 500 indices have advanced 7 per cent and 8.7 per cent, respectively, during the period, ACE Equity data show.
'On the LAC, China can undertake military action at any place with much fewer resources. It can do 'salami slicing'.'
With the markets scaling new highs, as many as 43 stocks from the Nifty50 index and 27 of the 30 scrips that are part of the S&P BSE Sensex are trading above their respective 200-day moving average (DMA). The 200-DMA is seen as one of the most relevant trend indicators by investors and traders, who believe that stocks and indices trading above this level possess strength and are likely to rally in the short to medium term, while the ones trading below this level are viewed as bearish and expected to see a sell-off. Wipro, UPL, Kotak Mahindra Bank, Hindalco, Infosys, Cipla, and Adani Enterprises are the only stocks from the Nifty50 pack that are still below their respective 200-DMA, the exchange data suggests.
'There is a conscious move by the BJP to distance itself from the current state leadership.'
According to sources, in a January 6 letter to the department of financial services under the finance ministry, LIC said it wanted to stop sponsoring LIC Nomura Mutual Fund, and might offer some of its stake in LIC Housing Finance to other shareholders.
Fuelled by the $57.8-billion merger of HDFC twins (HDFC Ltd and HDFC Bank), M&A (merger and acquisition) transactions in India touched a record high of $124.2 billion in the first half of 2022-23. Bankers said with several transactions, including the government's stake sale in IDBI Bank and Hindustan Zinc in the pipeline, the ongoing financial year will end up as the best year for M&A activity in the country. Apart from the HDFC transaction, the $6.5-billion acquisition of Holcim stake by the Adani family and L&T's $3.2-billion acquisition of Mindtree added to the record transactions in the first half of FY23.
'I would put my hand in the ground and have a little listen to what the mountain was doing.' 'Actually, it was still collapsing.' 'And there was a very real possibility that at some stage, without warning, the collapse could continue -- and continue across us, the people who were doing the rescue and also across to the men on the other side, who were being rescued.'
It looked as if the BJP was hoping to use Rajinikanth to press their seat-bargain with the AIADMK. Now with the Rajini bait gone, the question now is not how much the BJP would settle for, but how much the AIADMK would be ready to offer, notes N Sathiya Moorthy.
'It is a constantly evolving situation and will require deft handling at the ground level and at the highest level of military, diplomatic and political leadership,' observes Colonel S Dinny (retd), who served as Commanding Officer of an infantry battalion deployed in the Pangong Tso area.
'India has formed tremendous resilience and still a strong growth.'
Will a caste census make tens of millions desert Mr Modi?, asks Shekhar Gupta.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Addressing his council of ministers in a video conference, Modi asked them to prepare business continuity plans to fight the economic impact of COVID-19 on a war footing, but also asserted that this crisis is an opportunity to boost the 'Make-in-India' initiative and reduce dependence on other countries.
Messi, who failed to turn up for pre-season training on Monday, had previously labelled his side 'weak' and 'inconsistent' after surrendering the league title to rivals Real Madrid.
'We will likely never know why Xi decided not to travel to New Delhi. One possible explanation could be his desire to avoid a meeting with US President Joe Biden.'
'We have not seen too many large deals compared to last quarter.'
'Markets are not expensive; they are fairly priced.'
The alliance adopted a resolution to this effect and said its theme for the elections will be "Judega Bharat, Jeetega India, (India will unite, India will win)".
Karnik was mandated to oversee commercial and sales functions of the airline. He took over from Hameed Ali, who joined the airline's board.
It pains former F1 driver Karun Chandhok to see that interest in motorsport in India has declined drastically.
'This is a critical story that Modi seems to grasp far better -- almost instinctively -- in comparison with most of his predecessors as prime ministers,' notes M K Bhadrakumar.
Chanda Kochhar, who was arrested for a cash-for-loan scam on Friday, was once a powerful banker and instrumental in making ICICI Bank the country's biggest private sector lender. Kochhar, a regular feature on Forbes top global honchos lists, was arrested by the Central Bureau of Investigation (CBI) along with her husband Deepak Kochhar in connection with alleged cheating and irregularities in loans sanctioned by ICICI Bank to Videocon Group companies. Kochhars were called to the agency headquarters and arrested after a brief questioning session. Her chapter at ICICI Bank ended abruptly in 2018 when the board of directors approved a request from Kochhar to seek early retirement following allegation of corruption and quid pro-quo while extending loans to the now bankrupt Videocon Industries.
Modi said the biggest challenge would be to ensure that the disease does not spread to villages across the country after relaxations provided by the government.
'In India, most funds have one or at most two platforms, but we are the only one which has four -- growth equity practice, real estate practice, a special situation and credit platform, and infrastructure.'
'She's not going to keel over.' 'This is the kind of difficult situation that she thrives in.'
Shafali Verma credited skipper Meg Lanning for calming her down and help her top-score in Delhi Capitals opening win over Royal Challengers Bangalore in the WPL.
With the Union Budget over, it is a good time to start the rebalancing exercise. Take cues from last year's market performance
'When the adversary has tasted what you can do, he is going to be more experienced in countering how the Indians think.' 'He will go back, rework and come back.'
Ajit Mishra answers reader queries on the stock market.
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