The revenue growth of Indian companies for the July-September quarter is estimated to be 5-7 per cent year-on-year (Y-o-Y), marking the slowest growth in 16 quarters, rating agency CRISIL said on Thursday.
Check out the schedule for India's athletes at the Paralympics in Paris on Saturday.
Equity benchmark indices Sensex and Nifty settled lower for the sixth straight session on Monday due to heavy selling in bellwether stocks including HDFC Bank and Reliance Industries amid mixed trends in the global markets and outflow of foreign funds. Falling for the sixth consecutive session, the BSE Sensex tumbled 638.45 points or 0.78 per cent to settle at 81,050. During the day, it plummeted 962.39 points or 1.17 per cent to 80,726.06. The NSE Nifty slumped 218.85 points or 0.87 per cent to end at 24,795.75.
The IPL 2025 auction was a spectacle of astronomical bids and shattered records.
Nirma has jumped into the ongoing cricket spectacle - IPL - as the principal sponsor for the Virat Kohli-led Royal Challengers Bangalore to raise awareness and recognition for the cement brands it acquired after its purchase of the erstwhile Lafarge India's assets in 2016
The sharp pullback in mid and smallcap stocks signals a cooling-off period in segments that previously attracted considerable investor interest.
Yashasvi Jaiswal's intense and innovative pre-tour training against short-pitched balls at the Thane Stadium contributed to his unbeaten 90 in Perth
Quarterly earnings from corporates, global trends, and trading activity of foreign investors will guide market sentiment this week, analysts said, adding that benchmark indices may face volatile trends. "The upcoming release of Q2 results will be closely watched, providing insights into corporate performance. "Meanwhile, the escalating tensions between Israel and Iran introduce a significant geopolitical risk, potentially leading to increased oil prices and market volatility.
An interesting excerpt from Virender Kapoor's latest book Inspiring India: Taking India from Big to Great.
The women were travelling in the SUV speeding in the northbound lanes of Interstate 85, Chief Deputy Coroner Mike Ellis from the Greenville County Coroner's Office said.
Lisa Curtis, who served as deputy assistant to President Trump and as National Security Council senior director for South and Central Asia from 2017 to 2021, said she expected the same bumps for India and the US, as in Trump's first term, including tariff, dependence on Russia over arms supply and oil purchase from Iran. Curtis, however, said both countries could never enter an alliance but develop a partnership that is "short of an alliance". She hoped them to achieve a cooperation that deters China, but also prepares both countries in case of a crisis or conflict, be it in the Taiwan Strait, the South China Sea, or another flare-up on the India-China border.
Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.
'East Bengal have a great legacy. We all want Mohun Bagan and East Bengal to play in ISL. I am very happy that Mohun Bagan are playing and we all want East Bengal to play in the ISL too.'
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
IPOs worth Rs 50,000 crore including Hyundai, NTPC Green Energy and Swiggy are set to hit the market in late October or early November.
Gold in Rio. Silver in Tokyo. Bronze in Paris. Mariyappan Thangavelu is a Paralympic legend.
ABB reported a weak quarter. Revenue was at Rs 2,910 crore, up only 5 per cent year-on-year (Y-o-Y), with operating profit at Rs 540 crore, up 23 per cent and net profit at Rs 440 crore.
After a 20-month absence from Test cricket, Rishabh Pant's return was nothing short of sensational.
Out of 24,230 IIT and NIT grads, about 8,000 students didn't find any takers during campus placement drives this year.
Rohit Sharma breaks Pollard's record for most sixes for MI
Among the Sensex firms, Titan, Asian Paints, ITC, Hindustan Unilever, Nestle India, Bajaj Finserv and Bharti Airtel were among the gainers. In contrast, UltraTech Cement, Tech Mahindra, Tata Steel, Power Grid, HDFC Bank, HCL Technology, State Bank of India and ICICI Bank were the laggards.
Cement import from Pakistan received a jolt when consignments from the neighbouring country was held up at Nhava Sheva port for want of quality clearance.
Hanuma Vihari looks set to bat at number six in the first Day/Night Test at Adelaide.
The acquisition of the debt-laden Binani has catapulted Birla-owned UltraTech to the top spot in India, leaving it free to turn attention to overseas market
From Sensex firms, Tech Mahindra, Mahindra & Mahindra, Tata Motors, UltraTech Cement, Tata Consultancy Services, HCL Technologies, ICICI Bank and Tata Steel were the biggest gainers. Sun Pharma emerged as the only laggard.
'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'
'I believe that as we produce more, our cost will come down further. We will maintain our competitiveness.'
All of them were sent to a shelter for medical examination and a bus was being organised for their further transit, he said. A video of workers emerging from the small hole of the cement-mixer in the presence of police has gone viral on social media.
The world is celebrating Raj Kapoor's birth centenary, but when was the last time you watched an RK film?
From adversity to triumph, '#RishabhPant's journey to the ICC Men's T20 World Cup is a testament of resilience and determination'.
The 38-year-old made his international debut in 2010 in an ODI against Australia in Visakhapatnam and his last India game was also a 50-over match, against Bangladesh in 2022.
So far this year, bankers have earned Rs 1,226 crore for handling 45 IPOs, which together mobilised Rs 48,363 crore.
ITC, State Bank of India, HCL Technologies and IndusInd Bank were the other big laggards. NTPC, UltraTech Cement, HDFC Bank and Mahindra & Mahindra were among the gainers.
Saurabh Netravalkar stunned tournament favourites Pakistan in a thrilling encounter.
'I'm both excited and nervous because people have a lot of expectations from me.'
Among Sensex shares, Hindustan Unilever, Bharti Airtel, Tech Mahindra, Infosys, Mahindra & Mahindra, ICICI Bank, ITC and Asian Paints were the biggest winners. On the other hand, Kotak Mahindra Bank, Reliance Industries, NTPC, UltraTech Cement and Power Grid were among the laggards.
Indian companies are generating more cash than ever. The net cash flow from listed firms' operations hit a new high of Rs 11.1 trillion in financial year 2023-24 (FY24), crossing the Rs 10-trillion mark for the first time, according to the Centre for Monitoring Indian Economy (CMIE) data going back to 1990-91. The FY24 figure represents a 19.3 per cent jump over the previous year, even as quite a few companies are yet to release their numbers.
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