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.
The fall in urban sentiments in June is worrisome, observes Mahesh Vyas.
'People are doing a lot of trading.' 'Short-term euphoria can be seen.' 'Retail participation is best through MFs and PMS.'
The Reserve Bank of India on Thursday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance against the backdrop of an elevated level of inflation.
These jobs don't necessarily require a degree in engineering or specialisation in coding.
This will cost the government Rs 3.1 trillion, about 10 per cent of its annual expenditure, and higher than any other spending item in its Budget.
'As long as violence has the right arc, it is very meaningful.'
Prachi Dhabal Deb, who began her career as a financial analyst, but found her heart in the field of confectionery art.
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.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Swiss brokerage Credit Suisse expects the economy to continue to show positive surprises and record up to 9 per cent growth in the next fiscal. For the current financial year too, the brokerage anticipates growth to be higher than the consensus forecast of 8.4-9.5 per cent, and printing in at around 10.5 per cent. As a policy, Credit Suisse does not provide absolute growth numbers in its forecast.
Shivani Shinde reports. The youngest member of the Tata group, the much-awaited Tata Neu, has finally been launched for people across the country. The 'super app' offers a number of services ranging from financial services to tech, travel and even groceries. The app takes off with a customer base of 120 million, with 2,500 offline stores. According to the Tata group, the app will be a one-stop destination for all consumer needs. The super app also offers a bouquet of financial offers like Unified Payments Interface (UPI), bill payments, loans and insurance. Tata Neu will also provide other services like fashion, gadgets, groceries, travel and health.
The 62 per cent increase in natural gas prices by the Indian government will boost the profitability of upstream companies in the country and support their investment spending, Fitch Ratings said on Tuesday. The price for gas from fields that were assigned by the state to oil companies, mainly Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), increased to $2.90 per million British thermal units (mmBtu) for October 2021-March 2022, from $1.79 per mmBtu in the previous six months. "Higher gas prices will increase the input cost for key end-consumer sectors, to the extent the price hike is passed on," Fitch said.
Nikhat emerges as India's biggest star in a year filled with historic performances
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.
'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.
'The focus is more on the outlook for global growth'.
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.
'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.
The news of his passing is sad and sudden but the body of work he leaves behind will neither fade nor be forgotten.
'After household expenses, we are left with nothing...' 'Sometimes I think it is better to shut the store...'
'India has entered an economic super-cycle driven by a housing cycle turnaround.'
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.
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'
'God has given me everything -- wealth, success, a good wife and good friends. I wish He gives me good health.'
'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.
'Give cash assistance of Rs 75 per person per day and an android phone and you will see the economy reviving.'
The long-term growth perspective or potential for India is one of the highest in the Asia Pacific region.
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.'
