'Imagine China pursuing its aims in Jammu and Kashmir by using Pakistani and now Afghan proxies.'
India's top listed companies reported their best-ever quarterly net profit of Rs 2.39 trillion in the September quarter of FY22, up 46.4 per cent year-on-year. The earnings were driven by a big surge in the profitability of banks, non-banking financial companies & insurance (BFSI), oil & gas, and metal & mining firms. The combined net profit of these three cyclical sectors were up 87 per cent YoY to a record high of Rs 1.53 trillion, up from Rs 82,000 crore a year ago and Rs 1.08 trillion in Q1FY22.
The decision was taken by the ministry this week, a top Coal Ministry official said, while refusing to reveal the names of the companies.
The BSE benchmark Sensex recovered by over 88 points in early trade today after yesterday's losses on emergence of buying by funds and retailers, tracking a firming trend in Asian markets.
Avista helped some companies restructure their debt in such a way that overseas investors had to take a steep haircut
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
- I think it's a 'No' at this point of time, purely based on the whole negative aura that has been generated
JSW Steel, Tata Steel, Steel Authority of India, Bhushan Steel, Essar Steel, Jindal Steel & Power, and Rashtriya Ispat Nigam are among the top producers of the alloy in the domestic market
22 companies won bids for the 31 contracts on offer; 15 were new entrants to the oil and gas business. Three years on, none of them have started production.
Power Finance Corp official overseeing project eased out.
Even if the Paytm fiasco does not mark the end of the bull run, at least some sanity will return to the wild IPO market, observes Debashis Basu.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The West Bengal government has not given up industrialisation of the state, including finalising an alternate project for Singur, Chief Minister Buddhadeb Bhattacharjee said.
From 5G to Tesla to Covid vaccine, 10 things will shape India's future.
Sajjan Jindal's JSW Energy moved a step closer to securing its coal requirements, signing a definitive agreement with the management of CIC Energy on Wednesday, to buy them out and take control of the Toronto-listed company. CIC Energy has an 'A-grade' mining-cum-power complex called the Mmamabula Energy Complex in Botswana, Africa. The field there is estimated to have 2.6 billion tonnes of high-thermal coal, mostly above 6,000 Kcal/kg of calorific value.
Additional Sessions Judge Saurabh Kulshreshtha sentenced Thakur to life imprisonment for remainder of his natural life.
India has attracted investment worth $1.6 billion for projects in the fields of power, steel, construction and engineering special economic zones from Japanese companies.
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt.
According to sources, government officials have asked industry bodies and manufacturers to submit key concerns and requirements to begin manufacturing activity.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Auto stocks will be in focus
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Globally, London's Tube and French railway networks are already using this technology in their corrosion-prone areas.
With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said industry experts. Rashtriya Ispat Nigam Limited (RINL), Neelachal Ispat Nigam Ltd (NINL), NMDC Integrated Steel Plant (NISP)-Nagarnar, Ferro Scrap Nigam Ltd and three units of Steel Authority of India (SAIL) - Alloy Steels Plant, Durgapur; Visvesvaraya Iron and Steel Plant, Bhadravati; and Salem Steel Plant, Salem - constitute the divestment list. All the three units of SAIL have been loss-making for more than five years.
Some of India's biggest employers are testing for antibodies to either comply with regulatory norms or gauge the effectiveness of precautionary measures.
'In the short term, we may see some disruptions due to Covid, but in the medium-to-long term, we should keep an eye on US inflation and 10-year bond yields.'
May opt for PE funds or debt to finance capital expenditure.
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.
Of these, three stocks belong to the automobile pack and two are from the pharma.
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
Many are testing hybrid models including getting small batches to work, rotating staff every week, introducing shifts and allowing certain functions to operate from office in small numbers.
Delaying action on climate change will hurt growth: Global CEOs.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
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RIL had objected to the state government's decision to receive bids in sealed envelopes instead of an open auction.
Ahead of the International Women's Day, three Indian women have powered their way to the Forbes list of global billionaires. The three Indian women include Savitri Jindal having a net worth of $8.2 billion, Bennett, Coleman & Co's chairperson Indu Jain at $4.4 billion and Anu Aga of the Thermax group with a net worth of $1.1 billion.
Coming down heavily on aviation safety violations, DGCA on Saturday grounded a business jet owned by Reliance Industries for carrying expired safety equipment on board and suspended its pilot for flying without a licence.
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RPG Industries, Hindalco, SAIL, Jindal Steel, Monnet Ispat, GVK Power and Jaiprakash Associates among companies summoned for review.
Govt diverts Rs 253-crore subsidy savings to the poor.
