Trump is accompanied by wife Melania, daughter Ivanka, son-in-law Jared Kushner and top brass of his administration.
The hospitality sector has been hit very hard by the pandemic. In the past 18 months, it has lost business, first because of the harsh lockdowns and after that because of lack of demand due to the ensuing economic slowdown. Most hospitality businesses have sustained low revenues and losses since April 2020. Is this the classic case of a beaten-down cyclical sector that may be close to bottoming out?
During his time as executive chairman, the company's net revenues grew 17-fold to Rs 42,777 crore and profit after tax nearly 40 times to Rs 10,289 crore. Total shareholder returns grew at a compounded annual rate of around 20%. Besides numbers, his biggest achievement was to transform ITC from a cigarette company to a diversified enterprise.
10 high dividend paying stocks across sectors that are expected to maintain or even increase their pay-outs in FY23 thanks to faster earnings growth in the last four quarters.
The US president stayed in the Grand Presidential Suite of the ITC Maurya Hotel.
Trump is likely to dine at the iconic restaurant where a 'Trump platter' is likely to be laid out for him. It will be customised according to his taste.
A team of 50 people led by celebrity chef Sanjeev Kapoor and NGO Akshaya Patra supervised the night-long preparations and yoga guru Ramdev put crowning tadka in the dish at the World India Food event that will conclude on Sunday.
Edmeades collapsed inside the auction room of ITC Gardenia Hotel
Infosys, Wipro and HUL among the top losers for the day.
Security agencies are also working in close coordination with the US Secret Service, officials said. In Ahmedabad, over 10,000 policemen from different parts of Gujarat have been deployed at strategic locations as part of the elaborate security arrangements, officials said.
After a turnaround in performance by Indian equity markets since July that has seen the S&P BSE Sensex and the Nifty50 wipe out the year-to-date losses, analysts suggest investors start nibbling into stocks that are focused on the domestic economy. While they say intermittent corrections, led by policies of global central banks and other economic data, cannot be ruled out, analysts expect India's relative outperformance among global equity markets to continue as it looks better placed with a healthy economic recovery, and remains one of the fastest growing major economies. In this backdrop, Neeraj Chadawar, head of quantitative equity strategy at Axis Securities, believes that amid global slowdown, aggressive tightening by the central banks, and preference for domestic interests first (by the local government), export-oriented themes are likely to be muted or will deliver conservative returns in the near-term.
In spite of a severe second wave of the coronavirus pandemic, and a widespread disruption in public life therefore, India's fast-moving consumer goods (FMGC) sector seems to have emerged as one of the most resilient segments of the economy. The early numbers and estimates for the April-June quarter indicate a steady recovery in FMCG players' business, which is now set to exceed the pre-pandemic level. Amid nationwide lockdowns because of the first Covid wave, FMCG revenues had been severely affected in mid-2020.
No prizes for guessing what the BJP's election campaign is going to be, and who will provide important inputs for it.
Reliance Industries Ltd will acquire German firm Metro AG's wholesale operations in India for Rs 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant position in India's mammoth retail sector. "Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, signed definitive agreements to acquire a 100 per cent equity stake in Metro Cash & Carry India for a total cash consideration of Rs 2,850 crore, subject to closing adjustments," said a joint statement. Through this acquisition, Reliance Retail will get access to a network of Metro India stores located in prime locations across key cities, along with a large base of registered kiranas and other institutional customers, and a strong supplier network.
Five years ago, when Trump's predecessor Barack Obama visited the national capital, the Delhi Police rented 605 CCTV cameras and spent more than Rs 1 crore for hiring, installing and later removing them.
The vegetarian delicacies served included coriander shorba, aloo tikki with palak papdi, zarkhez zameen (seasonal vegetable cooked in its juice) and dal raisina.
The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.
According to the sources, the President of the United States (POTUS) and First Lady of the United States (FLOTUS) will be welcomed with traditional 'teeka', 'thali' laden with flowers and stoles after they arrive at the hotel on Monday. They said women dressed in traditional attire will greet the Trumps.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The 30-share Sensex ended higher by 30 points.
Prime Minister Narednra Modi will host a lunch and President Ram Nath Kovind will host a dinner at Rashtrapati Bhavan for the Trumps. The US President and First Lady will also visit Rajghat in the day.
Markets surged in late trades to snap five-day losing streak led by bank shares.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
If capital flight took place in the country in the direction of some other countries and then imports took place for consumption here, then it would be worse for the Indian economy, the noted industrialist said.
With the dizzying rise in the number of Covid-19 cases in the country, India Inc has transitioned from a wait-and-watch policy to full-on emergency mode, bringing back remote and flexi work, stringent safety protocols, and allowing only essential travel. Companies - especially in metros like Delhi, Mumbai and Kolkata - that had adopted a hybrid work model during the last few months when the caseload remained low, are either switching back entirely to work-from-home (WFH), or calling skeletal staff to office on select days. Take the case of cigarettes-to-hotels major, ITC, which had been on a hybrid work model over the last few months.
The broader NSE Nifty reclaimed the 11,600 level, zooming 326 points or 2.9 per cent to settle at 11,600.20. Top gainers in the Sensex pack included Bajaj Finance, L&T, Asian Paints, ITC, Axis Bank, Kotak Bank, ICICI Bank, HDFC twins, Maruti and SBI, rallying up to 8.70 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The capital city is gearing up ahead of US President Barack Obama's visit to India on Republic Day in a few days. And while top security officials are busy turning Delhi into a fortress, here's a sneak peek into the presidential suite where the Obamas will stay during their three-day visit to the country.
The Indian Premier League 2022 Player Auction came to an abrupt halt after auctioneer Hugh Edmeades collapsed on stage.
An industry executive said The Oberoi had a lot of C-Suite guests and most such companies decide to give a new or renovated property some time to stablise before they start booking.
'Don't make the mistake that Scindia made. The BJP is unreliable. Nobody who joined it from any other party has succeeded there'
ITC has rolled out 6,400 e-choupals across India since 2000. The initiative has gained new relevance as New Delhi urgently tries to tackle threats to food security, the growing gap between rich and poor and stagnant agricultural growth that has added to soaring food prices.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Punjab Kings head coach Anil Kumble was extremely satisfied with the new players, including Liam Livingstone and Odean Smith, coming to his franchise during the IPL 2022 Player Auction, the dynamics of which were "very different and challenging".
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The city readies itself for the biggest economic, political and social event of the year
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