Reliance Industries Ltd, India's most valuable company, is back on a growth path after six months of challenges as it posted better than expected earnings in the December quarter, brokerages said.
It is important to note that neither of the patients have any history of international travel, the ministry underlined.
Reliance Industries' (RIL's) oil-to-chemicals (O2C) business is likely to remain under pressure for the remaining of the current financial year, according to analysts and company executives. "Management guides for softness for the next couple of quarters in both retail and O2C businesses," analysts at BOB Capital Markets noted in an after-results report on RIL. For the July-September quarter (Q2) of 2024-25 (FY25), RIL's O2C business reported a 5.1 per cent year-on-year increase in revenue to Rs 1.55 trillion.
After a robust 2023, foreign investors significantly scaled back their investments in Indian equities in 2024, with net inflows amounting to over Rs 5,000 crore, as elevated domestic valuations, coupled with geopolitical uncertainties prompted investors to adopt a more cautious stance. Looking ahead to 2025, FPI flows into Indian equities could see a recovery, supported by a cyclical upswing in corporate earnings, particularly in domestic-oriented sectors like capital goods, manufacturing, and infrastructure, Vinit Bolinjkar, head of research, Ventura Securities, said.
Devendra Fadnavis is the frontrunner to become the next chief minister of Maharashtra, according to a senior BJP leader.
Outgoing Maharashtra Chief Minister Eknath Shinde, who returned to Mumbai from New Delhi on Friday morning, is travelling to his native village in Satara district amid continuing suspense over his successor a week after the assembly poll results. Shinde had told reporters in New Delhi on late Thursday night that the next meeting of the Mahayuti alliance on government formation will be held in Mumbai on Friday. However, the caretaker CM, who heads the Shiv Sena, is travelling to his native village Dare in Satara district in western Maharashtra and the meeting is now expected to take place on Sunday, the sources said. The Shiv Sena leader has repeatedly said he would not be an obstacle in the government formation and abide by the decisions taken by Prime Minister Narendra Modi and Union Home Minister Amit Shah on the next chief minister. Different viewpoints are emerging in the Shiv Sena over Shinde's place in the next government to be headed by the BJP, the biggest constituent in the Mahayuti, which posted a thumping win in the just-held assembly polls. Many leaders in the Shiv Sena are asking Shinde to accept deputy CM's post if offered by the BJP. However, another section feels it wouldn't be right for him to accept No. 2 position after serving as CM for more than two-and-a-half years, the sources said. "The government formation process will start after the BJP announces its legislature party leader," they said. During his Delhi trip, Shinde had met Shah and discussed formation of the next government in the state. His deputies in the outgoing state cabinet Devendra Fadnavis (BJP) and Ajit Pawar (NCP) had also met the senior BJP leader. Talking to reporters in the national capital, Shinde called the discussion good and positive. Shinde, Fadnavis and Pawar had also met BJP president J P Nadda.
Hours before the ceremony, Saini visited the Valmiki Bhawan and offered prayers at a gurdwara and the Mansa Devi temple in Panchkula.
India's aviation industry is not moving towards profitability any time soon
The investment bank adds that company's September-quarter earnings came in line with consensus estimates.
The Indian rupee is likely to depreciate further against the US dollar through the end of 2024. This is due to the continued strengthening of the greenback, combined with the weakening of the Chinese yuan, which is expected to keep pressure on the Indian currency.
Three senior executive of JP Morgan Chase & Co's are expected to leave over the US-based global banking giant's over USD 2 billion loss on derivative trades, says a media report.
The final round of voting for the Jharkhand Assembly elections is taking place on Wednesday, with the JMM-Congress-RJD coalition seeking to retain power while the BJP-led NDA aims to take control. The election will decide the fate of Jharkhand Chief Minister Hemant Soren, his wife, and several other candidates. Key issues during the campaign included alleged infiltration from Bangladesh, corruption, and Hindutva.
Former Indian Prime Minister Manmohan Singh passed away at the age of 92 on Thursday. He will be given a state funeral with full state honors at Nigambodh Ghat on Saturday. Singh served as Prime Minister from 2004 to 2014 and was known for his role in India's economic reforms. Leaders from across the political spectrum paid their respects to the departed leader, highlighting his contributions to the nation.
'The RJD is a family centric party and its top leadership's main concern is only to promote the family.'
An analysis of the affidavits of all the 90 winning candidates by the Association for Democratic Reforms and Haryana Election Watch show a slight rise in the number of crorepati MLAs, from 93 percent in 2019 to 96 percent this time.
In the June quarter of 2024-2025, smartphone exports hit $2 billion, well ahead of non-industrial diamond exports, which stood at $1.44 billion.
A BJP MP from Nagaland has alleged that Congress leader Rahul Gandhi came "very close" to her and "shouted" at her during a protest outside the Parliament, making her feel "uncomfortable." The incident has led to a war of words between the ruling BJP and the opposition Congress, with both sides accusing each other of misconduct. The BJP has demanded an apology from Rahul Gandhi, while the Congress has denied the allegations.
'A dynamic bond fund acts like a gilt fund in a rate cut scenario and like a conservative short-term bond fund when rates rise.'
If technical analysts are to be believed, the index has more room for a slide down to 72,000 levels in the worst-case scenario, wiping out all the gains made in 2024 so far.
However, in 950 booths, voting will end at 4 pm, though people standing in the queue at that time will be able to exercise their franchise.
Local people prevented the police from reaching the site immediately after the blast and it could have been done to shield the accused, said Thakur's lawyer, advocate JP Mishra.
The police produced the 27 accused in the court and submitted an application, seeking their 14-day remand to carry out investigation to find out whether rioting was part of a pre-planned conspiracy.
Kejriwal wanted to know if the RSS agreed with the BJP's politics of using central agencies to break up parties and topple opposition governments, and inducting "corrupt" leaders into its fold.
Dimuny apologised to the Proteas fans for the team's dismal performance in the ongoing ICC Cricket World Cup.
Foreign investors have adopted a cautious stance and infused Rs 7,320 crore in the Indian equities in August owing to high valuation of stocks and the unwinding of the Yen carry trade after Bank of Japan raised interest rates. This investment was way lower than Rs 32,365 crore in July and Rs 26,565 crore in June, according to data with the depositories. While September is likely to see continued interest from FPIs, the flows would be shaped by a combination of domestic political stability, economic indicators, global interest rate movements, market valuations, sectoral preferences, and the attractiveness of the debt market, Vipul Bhowar, Director Listed Investments, Waterfield Advisors, said.
A five-time Olympic shooter, Randhir Singh was the lone eligible candidate for the OCA president's post.
The US regulators on Wednesday fined Citigroup, American Express, J.P. Morgan Chase & Co and Putnam Investments a combined $81.25 million for failing to provide customers with necessary information about mutual funds.
Earlier in the day, rich tributes were paid to Yechury at the Communist Party of India (Marxist) headquarters at the AKG Bhavan here, where his mortal remains were brought from his residence in the morning.
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets.
'Now Lalu is supporting the Emergency! Or so it seems. Chalo bhai, ab yeh din bhi dekhna tha.'
He served as the Union health minister in Modi's first term from November 9, 2014 to May 30, 2019.
The top court dismissed a plea seeking deferment of the NEET-PG which claimed that candidates have been allocated cities that are highly inconvenient for them to reach.
In a brief letter to his colleagues and shareholders, Dimon disclosed that the cancer was detected quickly and is confined to the original site and adjacent lymph nodes on the right side of his neck with no evidence of cancer elsewhere in his body.
By taking the mutual fund route, investors can take exposure to gilts with small amounts. Over a decade or more, returns from these funds tend to be sound.
JP Morgan Chase & Co plans to set up an offshore research department in Mumbai, in Wall Street's newest effort to lower costs in the face of weak equities business and a stricter regulatory environment.
The strike will continue following the tragic incident at the RG Kar Medical College in Kolkata, it said.
The stock market barometer the Sensex is set to touch 19,000-mark by June from the present 17,500 levels, in spite of the decline in the overall business confidence, says a JP Morgan survey.
South Africa are still fretting over the fitness of their key batting all rounder Jean-Paul Duminy ahead of their opening Test against hosts India commencing at Mohali on November 5.
The BJP's Central Election Committee had met on Sunday evening to finalise the party's candidates for the polls.
As a first step, the company has sponsored a Bloomberg news terminal at the Indian Institute of Management Ahmedabad.
