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.
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.
Yashasvi Jaiswal's intense and innovative pre-tour training against short-pitched balls at the Thane Stadium contributed to his unbeaten 90 in Perth
'I believe that as we produce more, our cost will come down further. We will maintain our competitiveness.'
An interesting excerpt from Virender Kapoor's latest book Inspiring India: Taking India from Big to Great.
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.
Rohit Sharma breaks Pollard's record for most sixes for MI
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.
Gold in Rio. Silver in Tokyo. Bronze in Paris. Mariyappan Thangavelu is a Paralympic legend.
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.
After a 20-month absence from Test cricket, Rishabh Pant's return was nothing short of sensational.
As part of the efforts to bring several opposition parties together on a common platform to defeat the BJP in 2024 Lok Sabha polls, Pawar met Kharge on Thursday evening.
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.
From adversity to triumph, '#RishabhPant's journey to the ICC Men's T20 World Cup is a testament of resilience and determination'.
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.
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.
Out of 24,230 IIT and NIT grads, about 8,000 students didn't find any takers during campus placement drives this year.
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.'
Its rich valuation with a PE of 62 times raises downside risk for investors
'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'
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.
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.
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.
Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices.
ashasvi Jaiswal could cement his place in the Indian Test side during the upcoming five-Test series against England at home, said batting legend Sunil Gavaskar.
Trade between India and Bangladesh via land ports came to a standstill on Sunday as there was no movement of cargo trucks to and fro due to the ongoing student protests in the neighbouring country, officials said. The Bangladeshi side of the Petrapole landport remained non-functional, they said. Nearly one-third of land-based trade between India and Bangladesh takes place through Petrapole.
Royal Challengers Bengaluru (RCB) etched a new low in their IPL history, suffering their 10th playoff defeat in just 16 appearances.
With his unstoppable performance as Lucknow's finisher, Pooran is making a name for himself in the IPL.
The world is celebrating Raj Kapoor's birth centenary, but when was the last time you watched an RK film?
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.
Known for his explosive batting in the middle order, his quick glove work behind the stumps, and most recently his exceptional work as a commentator, DK's transition into the LLC marks a new chapter in his career
Investors' wealth jumped Rs 13.78 lakh crore on Monday as the benchmark equity index Sensex hit its lifetime high after exit polls predicted a massive win for the BJP-led NDA in the Lok Sabha polls. The 30-share BSE Sensex jumped 2,777.58 points or 3.75 per cent to hit a record peak of 76,738.89 in early trade. The benchmark finally ended at 76,468.78, registering a sharp rally of 2,507.47 points or 3.39 per cent.
'Trump will absolutely back New Delhi on its position that Pakistan must do more to crack down on terrorists that threaten India.'
Eyeing the inevitable construction boom in India, cement companies in Pakistan are readying for huge exports to the neighbouring nation now.
Prime Minister Narendra Modi urged CEOs of US majors to take advantage of India's growth story as the country is making all efforts to become the third largest economy of the world in his third term. India is currently the fifth largest economy of the world after the US, China, Germany and Japan with a GDP of around $3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7 per cent for the last three consecutive years.
Recalling his interaction with Dhoni, Rinku revealed the valuable advice he received: 'Focus on the ball, stay calm, and react accordingly.'
'Whether I am optimistic or pessimistic is not the issue; I am just going by the evidence available.' 'The Indian economy and financial sector are now well-placed and very resilient in dealing with any kind of spillover coming from the external world.'
Prime Minister Narendra Modi on Friday conveyed to Ukrainian President Volodymyr Zelenskyy during a meeting that India would continue to do everything within its means to support a peaceful solution to the Ukraine conflict and that the way to peace is through 'dialogue and diplomacy'.