Even as raw material prices start cooling off from their peaks, fast-moving consumer goods (FMCG) companies' margins are expected to remain under pressure at least in the next quarter. This is because commodity prices continue to remain high year-on-year (YoY). Consumer companies will also continue to increase rates as they have been taking price hikes in a staggered manner. They have not yet passed the entire price increase of raw materials to consumers.
'The richness of Buddhism makes it possible for us to create these stories and to interpret them.'
India's top oil and gas producer ONGC wants the government to scrap windfall profit tax levied on domestically produced crude oil and instead use the dividend route to tap into bumper earnings resulting from surge in global energy prices. The firm also favours a floor price for natural gas at $10 per million British thermal unit -- the current government-dictated rate -- to help bring deposits in challenging areas to production, two sources aware of the matter said. State-owned Oil and Natural Gas Corporation (ONGC) management during discussions with government officials stated that levying windfall profit tax on domestic oil producers, while at the same time reaping rich savings from buying discounted oil from Russia was unfair.
UBS, Credit Suisse see emerging markets doing well next year, but expect India to underperform, given its rich valuations.
The news of his passing is sad and sudden but the body of work he leaves behind will neither fade nor be forgotten.
'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.
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.
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.
'India has entered an economic super-cycle driven by a housing cycle turnaround.'
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.
'God has given me everything -- wealth, success, a good wife and good friends. I wish He gives me good health.'
'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.
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'
'The focus is more on the outlook for global growth'.
'After household expenses, we are left with nothing...' 'Sometimes I think it is better to shut the store...'
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.
'They can shift to dynamic asset allocation funds to automatically rebalance their equity exposure.'
'The IPO market is cooling off and getting a reality check.'
The 10 IPL franchises have so far spent above Rs 388 crore collectively
However, rural demand continued to remain a concern for FMCG companies during the quarter.
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.
'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.'
There are two ways: Deliver a rapidly growing economic pie or reform GST and close corporate tax loopholes, suggests T N Ninan.
'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.'
'Give cash assistance of Rs 75 per person per day and an android phone and you will see the economy reviving.'
'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.
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.
The long-term growth perspective or potential for India is one of the highest in the Asia Pacific region.
The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.
'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.
Major Somnath Sharma was awarded the Param Vir Chakra posthumously for his bravery in the Kashmir operations on November 3, 1947.
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.
'If India can only grow at 5%, why bother spending time on the country?' asks Akash Prakash.
Amazon India Country Head Amit Agarwal refers to all talk of mergers as 'noise'. 'All this is a distraction, when the focus should be on the customer,' he says.
Aseem Chhabra highlights 10 films that moved him, films that may show up in theatres near you.
The growing economy has spun a wheel of fortune for Indians, with high income households outnumbering those in the low category for the first time at the end of 2009-10, according to estimates made by think-tank NCAER.
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
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.
