The recent sell-off in IT stocks such as Infosys and Tata Consultancy Services (TCS) has resulted in a sharp decline in the IT sector weighting in the Nifty50 index. The sector's weighting in the index has slipped to a five-year low of 12.2 per cent, down from the 17.7 per cent at the end of March 2022. The top IT companies - TCS, Infosys, Wipro, HCL Technologies, and Tech Mahindra - accounted for 13.6 per cent of the index at the end of March this year.
Diesel rates had gone up by Rs 12.55 a litre between June 7, when oil firms resumed revising prices in line with cost, and July 25.
Indian Oil Corporation (IOC), the nation's largest oil firm, has walked away with half of the natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the fuel used to generate power, produce fertilizer, turned into CNG and used for cooking purposes. IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month, sources with knowledge of the matter said. The oil refining and marketing company, which was the top bidder even in the previous auction of gas from the eastern offshore KG-D6 block of Reliance-bp, bid the volumes on behalf of seven fertilizer plants.
A Madhya Pradesh farmer has claimed that he lost his crop because of Prime Minister Narendra Modi's proposed rally in the state on February 18.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India's Right-wing has sought to own our democracy by making itself appear the stuff of majority, and sometimes, a national ethos older than the Constitution on which our democracy is based, argues Shyam G Menon.
Against the backdrop of the controversy over Vodafone tax issue, Prime Minister Manmohan Singh on Thursday sent out clear signals to foreign investors saying there will be 'no arbitrariness' in tax matters.
Shekhar Iyer, a familiar face on television's news analysis programmes and senior associate editor at the Hindustan Times in New Delhi, threw light on the politics behind the presidential polls as he answered questions from Rediff readers on Wednesday. Here's the transcript of the chat:
The Maharashtra State Board of Secondary and Higher Secondary Education will announce the results of the class 10 Senior Secondary Certificate examination on June 13 at 1 pm.
A senior journalist of Hindi daily Hindustan was shot dead in Bihar's Siwan district on Friday nigth by unidentified gunmen, police said.
'That is the one headline the world is reading about India this week, and it is a potentially damaging story...' 'I don't think a panic mentality has set in, but this story is one that investors and market watchers are absolutely seized with.'
On a day when a full-page email interview with the prime minister appeared in the Hindustan Times, the National Advisory Council, chaired by Sonia Gandhi, on Friday slammed the United Progressive Alliance government for not implementing a score of its recommendations, including food security to all, made in the past two years.
PM Manmohan Singh's speech at Hindustan Times Leadership Summit
Aamir Khan charges a mindnumbing Rs 40 crores per film!
The plan was to equip the Su-30 aircraft with more powerful radars and the latest electronic warfare capabilities to make it more powerful as per the latest standards, the sources said.
El-Sisi welcomed Modi, who is on a two-day state visit to Egypt, at the Presidential Palace where the two leaders were closeted for one-on-one meeting after which the two sides signed a memorandum of understandng.
Petroleum and oil marketing companies raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 350.50 per unit and domestic LPG cylinders by Rs 50 per unit with immediate effect from Wednesday.
Tailang was under treatment for brain cancer since 2014 and breathed his last at his East Delhi residence in Mayur Vihar.
India's economic growth rate slipped to 6.9 per cent in the second quarter this fiscal, the lowest in nine quarters.
Defending the government's decision to open up the multi-brand retail sector to foreign investment, Plan panel deputy chief Montek Singh Ahluwalia on Friday said it would help farmers as well as consumers.
'For our traditional membership base, it would be an access to disruptive ideas,' FICCI President Subhrakant Panda tells Asit Mishra/Business Standard.
Akhilesh Yadav's first day out as the new chief minister of Uttar Pradesh virtually made him feel like a Bollywood star. But during his two-and-a-half hour long stay at the venue of the 'Hindustan Times Woman of the Year' show in Lucknow on Saturday evening, the country's youngest chief minister didn't bother putting up an act.
The doodle is designed by Vidhya Nagarajan.
India on Thursday approved capital acquisition of a plethora of indigenously-developed military hardware including indigenous BrahMos missiles, marine diesel engine, artillery gun system, electronic warfare suits and utility helicopters at a cost of Rs 70,584 crore as part of a mega procurement plan.
The last year has seen public sector undertakings (PSUs) outperforming the Nifty50, albeit by a small degree. But PSU valuations are still, on average, less than half of private sector peers at price-to-equity or PE 8.7x for the Nifty PSU Index versus 20.9x for the Nifty50. There are several reasons for lower valuation.
Dr Khare, 63, political editor of The Hindu newspaper, is also chairman of the Rajya Sabha's media advisory committee.
The aspirations of India's people have gotten far ahead of the political debate as one sees the malls in tier-2 cities and car showrooms in 'rurbanised' towns, notes Shashi Shekhar, who visited India after two years.
GDP growth in 2010-11 stood at 8.5 per cent.
A leading tour operator company is looking for executive trainees.
The EV industry is at an inflection point and batteries will play a critical role ahead -- batteries and related components typically constitute 35-45 per cent of an EV's costs.
It was more of a reunion of two old friends on Friday with Prime Minister Manmohan Singh wasting no time in hosting his "good friend" George W Bush to a sumptuous Indian lunch of prawns, mutton korma, fish curry, lamb chops and a host of other delicacies at his residence 7, Race Course Road.
Raju Narisetti, who recently quit the Hindustan Times group's business newspaper Mint, has now been named one of the two managing editors of the Washington Post. Reports said that The Post named two managing editors on Tuesday Narisetti, who spent considerable time at the Wall Street Journal and Elizabeth Spayd, who has held top posts in the paper's digital and print newsrooms.
Lakme, India's first make-up and beauty brand, turned 70 this year and is also present in Hindustan Unilever's club of brands with a turnover of over Rs 1,000 crore. Over the past seven decades, the brand has evolved and is no longer just a beauty brand, but has also transformed into a skincare brand. Lakme has increased its digital presence as well as innovations and now sees a third of its growth come from new innovations.
One of the challenges for those car graves is that Indian owners often find markets for their old cars rather than send them to scrapyards.
We got the same Diwali bonuses. We ate together. We carried equipment together on shoots. And when the odd reporter tried to throw her weight around and leave the camera person to carry bags of equipment, cables, the camera and tripod down the stairs and to the shoot location, Prannoy would step in, take the tripod off the shoulders of the colleague silently, lightening the load, recalls Revati Laul.
While a total of 377 reports on Congress appeared in the Delhi edition of four leading English newspapers -- Indian Express, Times of India, Hindustan Times and The Hindu the opposition Bharatiya Janata Party could get their affairs onto the front page only 138 times during the first six months of this year.
Agriculture growth this year would be negative at minus two per cent as a result of adverse impact of drought particularly on kharif crop which would be down 15-16 million tonnes.
The finance Minister's comments came on a day when states finance ministers deliberated on various aspects of GST structure at a meeting in New Delhi.
'No Match' crowed the front page of an Indian newspaper, on Monday
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