Banks, the biggest component of the Indian equity market, are now trading at a big discount to the benchmark indicesThe BSE Bankex index, which tracks the share price of the 10 top listed banks, is trading at a trailing price to earnings (P/E) multiple of 15.3X, nearly a 40 per cent discount to the BSE Sensex current P/E of 24.37X. This is the biggest valuation gap between the two indices in at least 10 years. Similarly, the BSE Bankex price to book ratio (P/B) of 2.22X is 40 per cent lower than the current Sensex P/B ratio of 3.61X.
Among the Sensex firms, Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Wipro and JSW Steel were the major gainers during the morning deals. Nestle, Bharti Airtel, Axis Bank ITC were among the laggards.
The National Institutional Ranking Framework (NIRF) India Rankings 2019 has announced the top 100 universities across categories.
Dr Shreekant Sambrani pays tribute to M S Swaminathan, renowned agricultural scientist and a lifelong crusader against hunger who passed away in Chennai recently.
India fails to feature in the top 300 World University Rankings 2020 list.
'SII has started stockpiling the vaccine and now has roughly 40 million doses ready. It is using some of the capacities it had for under development products for the COVID-19 vaccine and by January we will have a capacity to make 100 million doses per month and a stockpile of 200 million doses.'
Without naming Gandhi and referring to the Congress leader's remarks made in London -- that structures of Indian democracy are under 'brutal attack', Modi termed it an insult to 12th century social reformer Basaveshwara, the people of Karnataka, India's great traditions and its citizens.
The Securities and Exchange Board of India (Sebi) plans to roll out a new regulatory framework for registrar and transfer agents (RTAs) - the market intermediaries responsible for the record-keeping of bondholders and shareholders after a company offers securities to the public. The markets regulator, sources said, is considering a multifold increase in net-worth requirement, a move that may dissuade companies from having in-house RTAs for record-keeping. At present, the minimum net worth required for RTAs is Rs 50 lakh and Rs 25 lakh in categories I and II, respectively.
Fulbright Scholar Rajeev Gupta sets out on a car journey across the nation to meet 30 families in 30 days. George Joseph reports
The Ministry of Human Resource Development has released its ranking of national institutes for 2018.
Mahindra & Mahindra chairman emeritus Keshub Mahindra passed away this morning in Mumbai due to old age. Mahindra, 99, breathed his last this morning at home peacefully, said a person close to the family. After joining the company in 1947, he became the chairman in 1963.
A total of 761 candidates -- 545 men and 216 women -- have cleared the examination as per results announced on Friday.
A remarkable story which helped in transforming a bureaucratic organization, to a customer centric organization. This experience may inspire several government / private organizations to modify or adopt digitisation to transform their business, notes Professor N Ravichandran (retd).
The institute has bagged 179 pre-placement offers so far, with the highest domestic offer at Rs 64 lakh per annum.
Prime Minister Narendra Modi made a pitch for electing a strong and stable government in an uncertain world beset by geopolitical tensions as the Bharatiya Janata Party on Sunday released its manifesto, prioritising development and welfare while shunning populist measures and contentious issues like the National Register of Citizens (NRC).
From the Sensex pack, Infosys, Tata Motors, UltraTech Cement, HDFC Bank, NTPC, IndusInd Bank, Larsen & Toubro, HCL Technologies, Power Grid, Maruti, HDFC and Tata Steel were the major laggards. Kotak Mahindra Bank, Asian Paints, Nestle, Titan, State Bank of India and Reliance Industries were the gainers.
I learnt how he brought hope into the lives of many poor children, making them believe everyday that in merit and hard work lie life's endless opportunities.
Mere allegations in a suicide note would not be sufficient to draw the conclusion that the accused has committed the offence of abetment, a Mumbai court has said while granting bail to IIT Bombay student Arman Khatri, arrested in connection with fellow student Darshan Solanki's suicide.
IIT-K alumnus Arindam Banerjee wants a revision of the First Law of Motion in the light of modern technology.
'We are receiving a steady stream of interest from well-established foreign universities.'
'Keeping the global temperature below not just 1.5 degree Celsius, even 2 degree Celsius is beyond our reach now. Both are impossible.'
Diwali fireworks are expected to continue on Dalal Street next week, with four companies collectively seeking to mobilise over Rs 6,600 crore through initial public offerings (IPOs). In terms of the amount raised, this is poised to be the busiest week of calendar year 2023. Tata Technologies (Tata Tech), a subsidiary of Tata Motors, could lead the charge with an IPO projected to be over Rs 2,900 crore. This will mark the first maiden share sale by a Tata Group firm in nearly two decades.
Sports Minister Anurag Thakur on Tuesday asserted that the Indian contingent will win a record number of medals in the upcoming Asian Games in Huangzhou, China.
No government in the past initiated the process of policy making for its next tenure even before going in for elections. Once the Model Code of Conduct is enforced by the Election Commission, should the government of the day refrain from taking an active interest in policy making for the next five years and let that be the function of the new government?, asks A K Bhattacharya.
You need to take the JEE if you are looking for admission to undergraduate courses at the IITs.
More than 70 per cent of Indian youth aged between 15 and 29 can't!
Three countries share a common interest in warding off cyber attacks from various agencies PLA is developing and training in China.
A top Indian American scientist who heads the prestigious Carnegie Mellon University, will be inducted into the Institute of Medicine in recognition of his research into cell mechanics related to malaria, blood diseases and certain types of cancer.
'While every year presents new challenges, it also provides opportunities for better growth and performance.'
Sharma was the president of the conference, the first since the Paris Agreement of COP21 that expected parties to make enhanced commitments towards mitigating climate change.
A team of scientists at the Indian Institute of Petroleum in Dehra Dun has developed a new technology to convert environmentally-hazardous plastic into petroleum products.
'The deal pipeline across products is robust for 2024.'
The government is planning new regulations that may impose penalties on both the creator and the platform hosting deepfakes, as it looks to clamp down on what IT and Telecom Minister Ashwini Vaishaw described as "a threat to democracy".
Romesh Wadhwani, founder of the Symphony Technology Group and the Wadhwani Foundation, which promotes the National Entrepreneurship Network, says our best scientists and researchers do not do their research in India because of the many obstacles they face; from the lack of focus on research to lack of equipment and supplies.
The suicides have involved more NEET aspirants than JEE. 'It's a make-or-mar situation.' 'Either you get into a government medical college, where the fee is much lower than in private institutes, or you don't make it.'
Narendra Modi addressed the Indian Institute of Technology, Madras' graduating class of 2019.
'Companies are coming to the campuses, and we have companies booking their slots for the placement season, but the overall number of companies signing is low, and the hiring numbers are also lower.'
Reliance Industries Ltd, the country's largest company by revenues, profits and market value, has topped Indian corporate in the World's Best Employers rankings 2021 published by Forbes. Reliance was placed at 52 in the overall ranking of 750 global corporates likes Phillips, Sanofi, Pfizer and Intel. Other Indian names in the top 100 rankings were ICICI Bank at 65, HDFC Bank at 77 and HCL Technologies at 90, according to the Forbes ranking.
Askiitm.com allows anyone to ask a question related to the institute, which will be answered within 48 hours by a group of alumni and student-volunteers.
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