Real estate investment trusts (Reits) are in talks with regulatory bodies - the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) - to seek changes in regulations that will allow easier access to capital. The Indian Reits Association (IRA) said it has approached the market regulator seeking to get classified as an 'equity' asset, which will open the path for their inclusion in equity indices and also make investment by mutual funds (MFs) easier. The association is also in active discussions with the RBI to allow banks to lend to a Reit.
The edtech major promised a learning revolution, offering hope to millions of under-educated youth. Now, those dreams are shattered, observes Devangshu Datta.
'There is not any negative connotation associated with it.'
Women Of My Billion is stark and disturbing, but at the end of it Srishti Bakshi is still able to say, 'My India is not beyond repair', observes Deepa Gahlot.
NMDC, the country's largest iron-ore miner, posted a consolidated revenue in the January-March quarter of FY24. This was in line with estimates at Rs 6,500 crore, which was up 11 per cent year-on-year (Y-o-Y), and a 20 per cent quarter-on-quarter (Q-o-Q) rise on the back of realisations. Iron-ore production was 13.3 million tonnes (down 6 per cent and up 8 per cent Q-o-Q), while the sales stood at 12.5 MT (up 1 per cent Y-o-Y and up 10 per cent Q-o-Q).
'Will India visit Pakistan for the Asia Cup? Will we boycott the ODI World Cup in India? We need to take a stand at some point or the other.'
Many individual states experienced higher inflation than the all-India figures during the financial year 2023-24 (FY24). Retail inflation figures in Telangana, Haryana, Rajasthan and Dadra and Nagar Haveli have been higher than national numbers every month of this financial year, shows a Business Standard analysis of state-wise figures, after the March inflation data was released on Friday. Experts noted that persistent high food inflation along with differences in the weights of rural and urban indices plays into the regional variation in inflation rates.
The dealers operating in the space have jumped nearly three times over the past two years.
Congress, the main Opposition party in the BJP-ruled state, had left the Khajuraho seat for SP as per the seat-sharing arrangement within the INDIA bloc.
'The tide started to turn against the BJD when V K Pandian toured the districts gathering people's grievances last year.'
Despite the national capital recording its best air quality on Diwali day in eight years, pollution levels may rise due to low night temperatures and sporadic burning of firecrackers though there is a ban on their manufacture, storage, sale and use within the city.
With rising incomes, education, and health awareness in India, especially in the big cities, droves of people are saying no to sugar.
A formidable Saudi Arabia didn't bring their 'A' game to the fore, but were strong enough to ward off a gutsy challenge from India winning their pre-quarterfinal match 2-0 in the men's football competition in Hangzhou on Thursday.
'The long-term impact of elections is minimal.'
Suryakumar Yadav leads a sprightly bunch of 'Gen-Next' stars against a strong Australian side in a five-match T20 series, starting in Visakhapatnam on Thursday.
The 'war room' has been running since 2008, and all the important party meetings were held there.
Rohit dropped hints that all three could feature in the playing XI at Chepauk
'Why should we disclose classified information to satisfy those who doubt our Hydrogen Bomb capability?'
As 2023 comes to a close and 2024 begins, Shah Rukh Khan adds yet another milestone to his name.
A bench of Justices Abhay S Oka and Pankaj Mithal, which set aside the order of conviction and life sentence to two accused in a murder case, said it is surprising that both the trial court and the high court overlooked the critical aspect of tutoring of the witnesses in the case.
In the event that like in the 17th Lok Sabha Rahul Gandhi again gets locked out of the House, the Congress needs a second-in-command who will keep the momentum going inside Parliament, notes Saisuresh Sivaswamy.
Banks are preferring instruments with higher premium over government securities for their held-till-maturity (HTM) portfolio, following the new investment norms, which came into effect from April 1. They are stocking up on corporate bonds and state government securities to boost yield on their portfolio, according to market participants. "Definitely, if there is a good spread available and without lower credit risk, those instruments will be favoured to boost the yield on the portfolio.
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
'For smaller merchants, there should be a process that is digital and a minimum KYC journey should be allowed.'
Most members of the Reserve Bank of India's monetary policy committee (MPC) decided to stick to the course on bringing retail inflation to the target of 4 per cent while voting for maintaining status quo in the April review, except external member Jayanth Varma who voted for a 25 bps cut in the repo rate. "I believe that the extant monetary policy setting is well positioned," RBI governor Shaktikanta Das said in the minutes of the policy review, which came out on Friday. "Monetary policy transmission is continuing and inflation expectations of households are also getting further anchored.
The Adi/Nadir Godrej family, along with other family members/trusts, has made an open offer to the shareholders of Astec Lifesciences to acquire an additional 26 per cent stake from the public as part of the family settlement agreement (FSA), according to an announcement to the stock exchanges on Wednesday. The offer, made at the price of Rs 1,069.75 per share, was triggered by the Adi/Nadir family's plan to acquire a 20.84 per cent stake in Godrej Industries (GIL) from the Jamshyd Godrej/Smita Crishna Godrej family, according to the FSA announced on Tuesday.
https://www.rediff.com/business/report/quality-control-orders-what-does-this-mean-for-domestic-industry/20240425.htm
A bench of Chief Justice DY Chandrachud and Justices JB Pardiwala and Manoj Misra will hear the plea of Anjuman Intezamia Masajid Committee.
'India is the sixth-largest market for the Kia Corporation, and contributes 8 to 9 per cent to our global sales.' 'We are eyeing 10 per cent market share over the next few years depending on customer demand and new product innovations.'
'There has been a huge shift. Consumer needs and requirements have changed, and differ from city to city.'
Wednesday's Vikravandi by-election has become a referendum on the Stalin government, notes N Sathiya Moorthy.
Conflicting views on Coal India (CIL) might leave investors confused. The bullish perspective that India has strong power demand (and also high steel production) means high demand for coal. As CIL is the monopoly producer of coal -- supplying over 80 per cent of the domestic requirement - the public sector undertaking should be a beneficiary of the rising power demand.
In focus are the assembly polls in 2026. From a BJP perspective, their attack on the ruling DMK, using the 'Hindutva' card, and Annamalai's targeting of both Dravidian majors on corruption has not worked, points out N Sathiya Moorthy.
The Union home ministry on Tuesday asserted that Indian Muslims need not worry as the Citizenship (Amendment) Act (CAA) will not impact their citizenship and has nothing to do with the community which enjoys equal rights as their Hindu counterparts.
The Supreme Court on Wednesday declared as 'invalid' the arrest of NewsClick founder Prabir Purkayastha in a case under the anti-terror law, and directed that he be released from custody.
India will aim to take an unassailable lead in the three-match series when it faces a below-par West Indies in the second ODI, in Barbados, on Saturday.
'I am honoured to be picked by the Premium Indians. I am still very new to franchisee cricket eco-system outside of India so really excited about it.'
Punjab Kings skipper Shikhar Dhawan could be out for at least seven to 10 days due to a shoulder injury, the team's head of cricket development Sanjay Bangar indicated after the narrow defeat to Rajasthan Royals in Mullanpur on Saturday.
The India team have had its share of innovations and it is now using multi-coloured rubber balls for catching practice!
With the rush of growth after the pandemic slowing down, many leaders are moving to firms that may be smaller but are growing much faster and have the headroom to grow.