The retail industry witnessed robust top-line growth for the greater part of the previous financial year, but demand has started to show signs of fatigue seen in the January-March quarter (fourth quarter, or Q4) of 2022-23 (FY23), especially in the apparel and innerwear segments. Jewellery, however, has managed to hold on to demand in the quarter. "In the discretionary space, demand moderation in urban markets is expected to impact the quick-service restaurant and apparel categories the most, while paint, luggage, and jewellery should see resilient growth," Systematic Institutional Equities observed in its preview of the sector.
We must stop stigmatising business failures. Particularly when startups are mushrooming all around, the financial system, backed by the RBI and the government, can explore ways of extending support to restart the journey of a failed entrepreneur by finance as well as counselling, recommends Tamal Bandyopadhyay.
...followed by financial services, IT, and sales and marketing.
Till date eight cases of the disease have been detected in India, out of which five have foreign travel history, the minister of health and family welfare said.
The Insurance Regulatory and Development Authority of India (IRDAI) is considering a proposal to make insurance frauds a parameter for calculating credit scores in an attempt to put a lid on the increase in such activity. The proposal, which is a part of the recommendations made by a working group formed by Irdai and the General Insurance Council, suggests that insurance frauds should feature when the risk profiles of individuals are evaluated and should be used to calculate their credit scores. A poor credit score can deprive a person of financial services such as loans and credit cards, and deter him from indulging in fraud.
There is a congruence of interests between Ukrainian intelligence and its Western mentors to destroy Wagner and eliminate it from the geopolitical chessboard altogether, argues Ambassador M K Bhadrakumar.
HDFC Bank Q4 review: HDFC Bank's January-March quarter (Q4) results, for financial year 2022-23 (FY23), brought no cheer to investors as elevated costs, and merger-related uncertainties continue to dent the sentiment. Moreover, analysts fear that merger-related costs may put pressure on margins and cost to income ratio in the near-term, while the return on equity could moderate owing to low leverage of the parent. Analysts, therefore, opine that the stock's re-rating may be some time away. "While the risk of a de-rating on a standalone basis appears to be quite low given that the business performance is holding up well, we believe a re-rating in the stock would happen as and when more clarity emerges on the smooth transition (merger)," said a report by Sharekhan.
The government is planning to roll out 5G testbed in early January to enable small and medium enterprises and other industry players to test their solutions on a working platform, a top Department of Telecom official said on Thursday. For the promotion of 5G indigenous technology, DoT in March 2018, had approved a multi-institute collaborative project to set up an indigenous 5G Test Bed at a total cost of Rs 224 crore. A testbed consists of a specific environment including hardware, software, operating system, and network configuration to test a product or service.
The mask can potentially be worn longer, causing less plastic waste as it does not need to be replaced as frequently, the researchers said.
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
Missing the deadline for filing Income Tax returns can lead to consequences.
As concerns mounted and some people wondered whether this could possibly turn out to be another Covid, pulmonologist Anurag Agrawal said he doesn't expect to see a massive wave.
'They (the ransomware attackers) are not after any VVIP data.' 'Had that been the case, they would have quietly installed a different malware.'
'When you are at 15,600 ft, and in a glacial terrain, where temperatures are much below zero, and can dip to even -40 degrees Celsius, it is not just the harsh weather you have to brave, but isolation too which comes at such a height'
After the finance minister directed public sector banks to join the account aggregator (AA) ecosystem, 5-6 major ones, including State Bank of India (SBI) and Bank of Baroda are expected to go live by July-end. Sahmati, an industry alliance for the AA ecosystem, has been working with PSU banks to get them onboarded for quite some time now. So far, Union Bank of India and Punjab National Bank (PNB) have gone live on the AA ecosystem. While Union Bank has been live for a while, PNB went live earlier this month.
One of the factors behind the rise in securitisation deals was State Bank of India's (SBI) decision to buy portfolio worth Rs 45,000 crore from NBFCs
Meanwhile, US President Joe Biden condemned Russia's annexation of Ukrainian territory on Friday.
The block will affect the movement of long-distance as well as local trains.
Wang Guangfa, a respiratory expert from Peking University First Hospital, warned that Beijing may experience a spike in severe COVID-19 cases over the next fortnight.
NDTV founders Prannoy Roy and his wife Radhika Roy on Friday said they will sell all but 5 per cent of their remaining shareholding in the news broadcaster to Adani Group for up to Rs 647.6 crore. Roys, who founded New Delhi Television Ltd (NDTV) as India's first and largest private producer of news current affairs and entertainment television, lost their status of being the company's largest shareholder in recent weeks. This follows Adani Group becoming the majority shareholding of NDTV after first buying out a company backed by the founders and then acquiring more shares from the open market.
A bench of Chief Justice DY Chandrachud and justices PS Narasimha and JB Pardiwala passed the order after hearing an application of Uttar Pradesh government seeking more time to install and operationalise 100 per cent STP coverage in the state.
Professor Mustafa should take some inspiration from the prime minister and start advocating for a Pasmanda or a woman, preferably from outside UP/Hyderabad, to be appointed vice chancellor of Aligarh Muslim University this time. That should be a fitting tribute to the vision of the prime minister.
'Hacking of an ID or an account will have the same impact on a user in a city and one in a small town.' 'Security is like a railroad, you create it to last for every customer.'
The Asian Development Bank (ADB) on Monday said it has approved a loan of $125 million (around Rs 938 crore) for water supply and sanitation projects in Uttarakhand. The funds will be utilised to improve access to quality water supply and sanitation services in the Himalayan state, ADB said in a release. Under this project, 136 kilometres of water pipe system will be constructed to replace defective water networks in South Dehradun. This will ensure reliable and continuous water supply, benefitting an estimated 40,000 people, including 4,000 urban poor and vulnerable groups.
National Medical Commission regulations prohibit Indian medical students overseas to transfer programmes from one university to another mid-way.
Climate change has hampered the ability of the forecasting agencies to accurately predict severe events and weather bureaus across the world are focusing on augmenting the observational network density and the weather prediction modelling to improve predictability, India Meteorological Department (IMD) Director General Mrutyunjay Mohapatra has said.
The Bharatiya Janata Party (BJP) clinched 23 out of 27 Scheduled Tribe seats in Gujarat as the Aam Aadmi Party (AAP), the new entrant in the state's politics, swept aside the Congress to find a footing in the state's tribal belt.
"The mountains I climbed, the butterflies I counted, the streams I swam, the jungles I walked along, all called me back. The urge to go back to nature was very strong," says Tibin Parakal from Trissur who quit a lucrative engineering job in Delhi to start a restaurant but then ultimately became a farmer.
The reputation of Bihar's schools has taken a knock. Satyavrat Mishra explains how a student-teacher nexus has gamed the system to produce toppers by the dozen.
Regional States will be worried that the US's nascent engagement with the Taliban behind the fig leaf of humanitarian aid enables the return of US intelligence personnel to Afghanistan, observes Ambassador M K Bhadrakumar.
Financial institutions are 300 times more vulnerable to cyberattacks than any other industry.
For smaller MFIs, resuming operations is more difficult because they haven't got any fresh bank credit sanctioned from their lenders.
The new report highlights how different parts of the intelligence community have arrived at disparate judgments about the pandemic's origin.
'You are dealing with a small gang of semi-literate terrorists. These are guys flying kites.' 'There is huge difference between flying kites and actually having a deliverable, executable, plan.'
Noting that various mathematical models meant for predicting coronavirus waves have repeatedly failed to give reliable results due to a small sample size, the Centre on Tuesday said it is closely following the virus trajectory globally, given the emergence of its new variants.
What is the Amul Vs Nandini battle. Why does the opposition see red over the Gujarat dairy brand's Bengaluru foray with its brand of milk and curd. An explainer seeks to shed light on the issue.
'My confidence in the Indian judiciary is absolute after I saw justice being delivered in Gujarat even when a BJP government was ruling the state. The Muslims of Gujarat believed that they will never get justice in a BJP-ruled state, but the facts are before all of us to make a judgment.'
Blockchain's promise: Dramatically speeding up transactions, explains Ajit Balakrishnan.
Working while studying is an incredible way to build your professional network, learn hands-on experience, and understand the global working environment, suggests Ajay Sharma, president and founder, Abhinav Immigration Services.
'There is a sustainable level of residual terrorism that will be difficult to handle as long as Pakistani support and safe havens are available.'
