The companies' combined net profit declined by 10.1 per cent y-o-y during June '19 quarter against 26.2 per cent y-o-y growth a year ago.
To attract bidders, the government had decided to hive of around Rs 35,000 crore of the company's debt into a separate subsidiary, leaving around Rs 23,286 crore to be absorbed by the new bidder.
'The richness of Buddhism makes it possible for us to create these stories and to interpret them.'
'God has given me everything -- wealth, success, a good wife and good friends. I wish He gives me good health.'
After the Ukraine war, coke prices just soared and most units don't have money left to buy raw material. Customers are not absorbing the price escalation'
'India has entered an economic super-cycle driven by a housing cycle turnaround.'
UBS, Credit Suisse see emerging markets doing well next year, but expect India to underperform, given its rich valuations.
Aseem Chhabra highlights 10 films that moved him, films that may show up in theatres near you.
However, rural demand continued to remain a concern for FMCG companies during the quarter.
'The IPO market is cooling off and getting a reality check.'
The 10 IPL franchises have so far spent above Rs 388 crore collectively
By 2026, around 25 per cent of the global population may spend at least an hour a day on Metaverse. This will open the doors for many businesses, the NFTs market will spread, and Web 3.0 will attract more investment.
'According to CMIE data, employment in manufacturing saw a reduction from 51 million in the country in 2016 to 27 million in 2021. 'That is, it has halved in just 5 years. 'At the same time, the national lockdown resulted in reverse migration to rural areas, and an increase in the number of workers in agriculture. 'It also means joblessness has increased in agriculture because there are too many workers; the number of workers went up from 200 million to 232 million.'
'They can shift to dynamic asset allocation funds to automatically rebalance their equity exposure.'
There are two ways: Deliver a rapidly growing economic pie or reform GST and close corporate tax loopholes, suggests T N Ninan.
'In the business of money, where you are regulated, the liability lies on the head of the acquirer.' 'It is not a good thing when you cannot spot the risks.'
'If such inflows materialise, what will be the effect on the rupee's value -- and therefore on exports growth, the only sustainable path to recovery?', asks Mihir S Sharma.
New Delhi's regional partners in restraining a belligerent China -- primarily the US, Japan, Australia and Singapore -- would like the Indian Navy to lock down the Indian Ocean Region, while the other partners can focus on deterring the PLA (navy) in the South China Sea, explains Ajai Shukla.
India's Davis Cup tie against Pakistan at Islamabad next month has been postponed to November under "exceptional circumstances" after a security review, the International Tennis Federation (ITF) said on Thursday.
'Being a hero is not a very easy task. You have to dance around trees, not to mention all the odd and unnatural things you have to do. Now I am spared of all that.' Jagapathi Babu reveals why playing an antagonist is far more rewarding than being a hero.
Most of the markets it is now looking at in hopes of gaining the next billion internet users have demographics similar to that of India.
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
Technology giant IBM's workforce-rebalancing efforts have now hit India, with the company asking several of its employees in its hardware business unit to quit.
There are also signs that the private sector investment cycle is slowly coming back, as capacity utilisation figures across industry continue to slowly creep up. A pickup in investments will front load profitability, says Akash Prakash.
Probably 35 bps. There could be even an encore in February 2023 to take the policy rate to 6.5% before the financial year ends, predicts Tamal Bandyopadhyay.
'Acting is probably the most wonderful profession anyone can have because you make every film set with 200 people, so you make 200 new friends every four months, and you learn so many things from these new lives.'
'After household expenses, we are left with nothing...' 'Sometimes I think it is better to shut the store...'
'The focus is more on the outlook for global growth'.
'Give cash assistance of Rs 75 per person per day and an android phone and you will see the economy reviving.'
The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.
10 per cent for those who earn up to Rs 30 lakh a year and 25 per cent for those who earn more, suggests T C A Srinivasa-Raghavan.
Major Somnath Sharma was awarded the Param Vir Chakra posthumously for his bravery in the Kashmir operations on November 3, 1947.
At the customary post-Budget media interactions, Finance Minister Nirmala Sitharaman and her topmost bureaucrats touched upon a number of issues. The minister said the government taxing income from digital virtual assets did not give them legitimacy and that issue was being dealt separately in the planned cryptocurrency Bill. She also expressed confidence that the Budget targets were achievable.
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
'While consumers have benefited tremendously from rock-bottom telecom tariffs, the telecom sector has been reeling under deep financial stress,' points out Rajan S Mathews, director general, Cellular Operators Association of India.
Had Finance Minister Sitharaman thought a little more about the middle class, disadvantaged sections, and the poor who are struggling, it would have been an inclusive Budget that would have made history, notes Ramesh Menon.
New Zealand, the tournament runners-up last time, grabbed the last semi-final berth after a hat-trick of defeats nearly derailed their strong start in the tournament.
'It is time we Indians learnt to believe in ourselves, and stopped questioning our own capabilities every time a space launch is not a glorious success,' says M D Riti.
'If India can only grow at 5%, why bother spending time on the country?' asks Akash Prakash.
Indian equities are no longer cheap vis-a-vis global markets, and only a short distance away from being the most expensive they have ever been.
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