Hotel companies, which have experienced substantial share price gains in the past six months, are not only expected to post robust revenue growth in the seasonally weak July-September quarter (second quarter, or Q2) of 2023-24 (FY24), with the trend continuing in the second half (H2) of FY24, but according to some analysts, they will also benefit from a structural uptrend in progress. To begin with, larger players in the listed hotel sector are expected to report strong growth in Q2 compared to the year-ago quarter. Led by higher demand from the business segment, the sector is expected to achieve a growth rate of 15-30 per cent.
Jos Buttler is still the front-runner to be this IPL's MVP. He still has at least two matches to play and one big knock will win it for him. Purnendu Maji and Srinivas Bhogle list Rediff.com's Most Valuable Players after the end of the 70 league matches in IPL 2022.
Among the Sensex firms, NTPC, Tech Mahindra, UltraTech Cement, Bajaj Finance, ITC, Bajaj Finserv, Axis Bank and Power Grid were the major gainers. On the other hand, Mahindra & Mahindra, HCL Technologies, Titan and IndusInd Bank were among the laggards.
Images from the 2nd One-day International played between India and England in Pune on Friday.
Game 30 of the Super 12 competition in the T20 World Cup will see India take on Namibia at the Dubai international cricket stadium beginning 1930 IST.
Game 21 of the Super 12 competition in the T20 World Cup will see India take on Afghanistan at the Sheikh Zayed stadium in Abu Dhabi beginning 1930 IST.
Game 16 of the Super 12 competition in the T20 World Cup will see India take on New Zealand at the Dubai international cricket stadium beginning 1930 IST.
From the Sensex pack, Nestle, Tata Consultancy Services, IndusInd Bank, Asian Paints, Bharti Airtel, Tech Mahindra, UltraTech Cement, Kotak Mahindra Bank and Hindustan Unilever were among the major laggards. Tata Steel, JSW Steel, HCL Technologies, Axis Bank, Power Grid and Mahindra & Mahindra were among the gainers.
Future Retail's independent directors had last week asked Amazon if it was willing to give a long-term loan to avoid default on repayment of Rs 3,500 crore loan due on January 29. Amazon replied to that saying it was willing to financially assist Future Retail through the Samara Capital deal but the retailer must shelve Rs 24,713 crore deal with the Reliance group.
Credit-to-deposit (CD) ratio of major public sector and private sector banks during the October-December quarter of FY24 inched up as compared to the previous quarter though government-owned lenders reported a lower rate than their private peers. CD ratio is the ratio of the funds that banks lend as compared to the funds raised in the form of deposits. The CD ratio of top public sector banks (PSBs) - State Bank of India, Punjab National Bank, Bank of Baroda and Canara Bank - was lower than their private counterparts.
Colombo weather forecast remains somewhat ominous, with a 70% chance of rain predicted for Sunday morning
Game four of the Super 12 competition in the T20 World Cup sees India take on the Pakistan at the Dubai international stadium.
Grandmaster D Gukesh threw one salvo after another to beat world No. 1 Magnus Carlsen of Norway, Levon Aronian of Armenia and eventually reigning world champion Ding Liren of China on the first day of the Weissenhaus Chess Challenge that got underway in Wangels (Germany).
Bajaj Finance, ICICI Bank, Bajaj Finserv, IndusInd Bank, Infosys, Kotak Mahindra Bank, Wipro, and Reliance Industries were among the other laggards. On the other hand, Larsen & Toubro, Hindustan Unilever, Power Grid, Asian Paints, Nestle and Mahindra & Mahindra were the major gainers.
Among the Sensex firms, State Bank of India, Infosys, Titan, Tech Mahindra, IndusInd Bank, NTPC, ICICI Bank, Power Grid, Reliance Industries and Kotak Mahindra Bank were the major laggards. On the other hand, Tata Motors, Nestle, Hindustan Unilever, Tata Steel, Bajaj Finance and UltraTech Cement were among the gainers.
Purnendu Maji and Srinivas Bhogle list Rediff.com's 50 Most Valuable Players ahead of Sunday's IPL 2022 final between the Gujarat Titans and Rajasthan Royals.
Axis Bank, Tata Steel, Kotak Mahindra Bank, ICICI Bank, Tata Motors, and Bajaj Finance were among the other major laggards. Tata Consultancy Services, Reliance Industries, UltraTech Cement, Infosys, HCL Technologies, and Tech Mahindra were among the gainers.
Among the Sensex firms, JSW Steel, Tata Motors, Tata Steel, Tata Consultancy Services, NTPC, Wipro, HCL Technologies, State Bank of India, Larsen & Toubro, UltraTech Cement, IndusInd Bank, Kotak Mahindra Bank, Power Grid and Reliance Industries Limited were the major laggards. Mahindra & Mahindra and Bajaj Finance were the gainers.
Purnendu Maji and Srinivas Bhogle list the 50 Most Valuable Players after 46 IPL 2022 games.
Movement in the equity market this week will largely be dictated by quarterly earnings of blue-chip firms HDFC Bank and Hindustan Unilever, along with the announcement of WPI inflation data and global trends, analysts said. Trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement.
Purnendu Maji and Srinivas Bhogle pick the 50 Most Valuable Players in IPL 2022 after Game 55.
Disappointing quarterly earnings numbers and revenue forecast from IT services company Wipro also weighed on investor sentiments. The 30-share BSE Sensex fell 247.78 points or 0.38 per cent to settle at 65,629.24 points. During the day, it plunged 533.52 points or 0.80 per cent to 65,343.50 points.
The Most Valuable Player Index table is telling another (worrying?) story: Performance from players in teams that are not going to make the top four is dropping somewhat alarmingly. The IPL is gruelling and cruel. It can do wonders to your career, but can also seriously hurt your international prospects if you get injured in a match that is essentially inconsequential. Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index after Game 63.
The market, which has been hit by global meltdown, would stabilise within a period of 16-18 months and by July-August 2010 the volume should rise, IMBS chairman and executive director of Indian Bank A Subramanian told reporters. Despite the global meltdown and southward movement of share broking business across the country, he was hopeful that with an improving market IMBS would surpass Rs 5,000 crore (Rs 50 billion) business in the next two years.
Among the Sensex firms, Tech Mahindra, HCL Technologies, Wipro, Infosys, Bajaj Finance, Tata Consultancy Services, Bajaj Finserv and ICICI Bank were the major gainers. Power Grid, Nestle, Asian Paints and Hindustan Unilever were among the laggards.
When was the last time we saw an IPL top 50 table without the names of Virat Kohli, Rohit Sharma, M S Dhoni, and with Rishabh Pant getting almost the last empty seat? ask Srinivas Bhogle and Purnendu Maji as they list the 50 Most Valuable Players after the first 29 IPL 2022 games.
Gains in IndusInd Bank, HCL Tech, TCS, Tech Mahindra, NTPC, ITC, JSW Steel and Tata Steel helped the barometer scale a fresh high. Axis Bank fell the most by 1.26 per cent, M&M by 0.99 per cent and Hindustan Unilever by 0.67 per cent. Maruti, Bajaj Finserv, Bharti Airtel and HDFC Bank and Infosys also declined.
From the Sensex pack, NTPC, Bajaj Finance, IndusInd Bank, UltraTech Cement, Bajaj Finserv, State Bank of India, Tata Motors, ITC, Power Grid and Larsen & Toubro were the biggest gainers. IndusInd Bank climbed 2 per cent after the company on Tuesday reported a 30 per cent jump in consolidated net profit in April-June quarter at Rs 2,124.50 crore, helped by core income growth and lower bad loan provisions.
Stokes is also among the Test Cricket of the Year nominees alongside compatriot Jonny Bairstow, Australia opener Usman Khawaja and South Africa speedster Kagiso Rabada.
The Pandyas continue to be in the thick of things with Hardik Pandya (391) ahead, but Krunal Pandya (300) not too far behind. Purnendu Maji and Srinivas Bhogle list the 50 Most Valuable Players after the first 38 IPL 2022 games.
The top five includes Yuzvendra Chahal and Kuldeep Yadav; both reminding the Indian selectors that they can still be formidable magicians.
Titan surged 2.98 per cent, followed by IndusInd Bank, ITC, JSW Steel, Infosys, Tech Mahindra, Tata Consultancy Services and Maruti. Hindustan Unilever, Asian Paints, Bharti Airtel and HDFC Bank were among the laggards.
The second match will be played on June 12.
Wipro was the biggest loser among Sensex firms, sliding 2.32 per cent, followed by HDFC Bank, Power Grid, UltraTech Cement, ITC, ICICI Bank and Tata Motors. IndusInd Bank, Maruti, State Bank of India, Mahindra & Mahindra, Asian Paints and Bajaj Finserv were among the gainers.
In recent times, more and more audit firms have challenged company managements, some going to the extent of resigning on the ground of incompatibility with what the management wanted or was doing. This, said Ajay Bhushan Pandey, chairman of the National Financial Regulatory Authority (NFRA), in a media interview, was a good sign. Now, the national accounting watchdog has turned the spotlight on audit firms themselves.
Among the Sensex firms, ITC, NTPC, Axis Bank, Larsen & Toubro, Bajaj Finance, Asian Paints and Tata Steel were the major gainers. Mahindra & Mahindra, Wipro, Maruti, IndusInd Bank, Kotak Mahindra Bank and HDFC Bank were among the laggards.
Tech Mahindra was the biggest loser in the Sensex pack, slipping 4.59 per cent, followed by Asian Paints, Wipro, Kotak Mahindra Bank, Bajaj Finserv, Infosys, ITC, Mahindra & Mahindra, Hindustan Unilever, IndusInd Bank, Reliance Industries and JSW Steel. In contrast, Larsen & Toubro, Bharti Airtel, Power Grid and Axis Bank were among the gainers.
The central government and the Reserve Bank of India have devised a country-specific plan towards implementation of overseas trade in rupee, people aware of the matter said. To start with, a small number of banks will be allowed to manage cross-border transactions in domestic currency with a particular country. "Small countries that are dollar-deficient have shown interest in doing trade in rupee.
