Opposition leaders nominated to the panel of chairpersons to assist the pro tem Speaker are considering not accepting the positions, a source said on Saturday.
The country's largest private lender HDFC Bank on Saturday reported a 6.51 per cent decline in its consolidated net profit to Rs 16,474.85 crore in the April-June quarter compared to the previous January-March quarter. The city-headquartered lender, which merged its mortgage major parent HDFC into itself in July last year, had reported a net profit of Rs 17,622.38 crore in the March quarter. On a standalone basis, the net profit declined to Rs 16,174.75 crore in April-June 2024-25 from Rs 16,511.85 crore in January-March 2023-24.
Hit by inflation, higher input costs and pricing measures, fast-moving consumer goods companies are expected to see a contraction in their gross margin and a modest-to-flat operating profit in the October-December quarter. Several FMCG makers are likely to log a low single-digit rise in their revenue, returning to the cycle of value-driven growth.
10 largecaps stocks which stand to gain from the Budget.
The government's move to tweak the long-term capital gains (LTCG) tax regime proposed in the Finance Bill 2024 and re-introduce the indexation benefit is likely to boost the investments and spur housing sales in the country, industry executives believe. "By enabling taxpayers to choose the lower tax burden between the new and old schemes, the amendment is poised to drive investment and enhance sales across housing segments," said Niranjan Hiranandani, chairman of the Hiranandani Group. In Budget 2024, Union Finance Minister Nirmala Sitharaman proposed an overhaul in the capital gains tax regime, including lowering the LTCG tax to 12.5 per cent from 20 per cent.
Carter was in politics, but not a politician, certainly not a transactional politician, points out Shreekant Sambrani.
'But when we actually express ourselves, sometimes our parents can surprise us, because they just love their children.' 'Sometimes it's just that simple. That is what I wanted to show in this film.'
The July-September quarter (Q2) results for 2024-25 (FY25) from the largest listed consumer electrical solutions companies, Havells India and Polycab India, followed similar trends, demonstrating robust revenue growth while falling short of profitability expectations. Both companies witnessed overall growth in the 16-30 per cent range, but margins declined by 130-290 basis points (bps) year-on-year (Y-o-Y). Although brokerages are bullish on long-term prospects and have raised revenue projections, earnings forecasts have been revised downward due to margin pressures.
Trinamool Congress members and some from the Congress trooped in the Well of the House raising slogans demanding a copy of the report.
'There is simply too much to watch, read and absorb.' 'Just online consumption (news, entertainment, social media) in India was 2.5 hours a day in November 2024.' 'Add TV (just under 4 hours), other media, and the figure is closer to 7 to 8 hours a day for over one-third of Indians,' points out Vanita Kohli Khandekar.
'The RBI's MPC will maintain the current policy rates (6.50%) at the policy meeting, given ongoing inflationary pressures.'
The new asset class (NAC) proposed by the market regulator could see diverse product offerings with high-risk strategies across equity and debt if the mutual fund (MF) industry's recommendations are incorporated into the final regulations. While the Securities and Exchange Board of India (Sebi) has suggested relaxations in investment norms for NAC compared to traditional MFs, some fund houses are advocating for further relaxations in concentration norms, greater flexibility in leverage, and the ability to invest in securities currently outside the MF domain, such as unlisted debt papers and debentures, sources reveal.
By June 2025, financial freedom will be just an ATM away. Pleasantly surprised? But there's more, says Ramalingam Kalirajan
Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.
Maharashtra Chief Minister Eknath Shinde has written a letter to the state legislative council's deputy chairperson seeking that Viplove Bajoria be made the Shiv Sena's chief whip in the Upper House, a move apparently aimed at further cornering the faction led by former CM Uddhav Thackeray.
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.
After taking oath, he hailed his state Telangana, Bhimrao Ambedkar, apart from raising the AIMIM's slogan for Muslim, along with the West Asian country.
Allahabad has seen some interesting battles, such as the Congress's Amitabh Bachchan defeating H N Bahuguna in 1984 or the 1988 by-poll that marked V P Singh's emergence as the contender for the PM post.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Wondeful shots of African women and giraffes roaming Kenyan grasslands were judged the most outstanding photographs of the year.
It was also the only session in the 17th Lok Sabha when the lower house did not lose any time due to adjournments, according to data compiled by a think tank.
The impact of Trump's announcement of increasing import tariffs will have negligible benefit for India not because of companies trying to shift from China to other countries or their supply chains being affected due to their Chinese operations but because of our faulty policies, explains Mudit Jain.
'We are working with a few housing finance companies to drive affordable lending because that's where we believe our sweet spot is.'
'Spending by the middle class is limited with a focus on savings. However, there is buoyancy at the top-end.'
The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
Hyundai Motor India Limited's (HMIL's) record Rs 27,870 crore initial public offering (IPO) may not have set the primary market alight with sky-high subscription levels, but it has spelled a windfall for the five investment banks steering the share sale. The Indian arm of the South Korean carmaker paid Rs 493 crore - 1.77 per cent of the issue size - in fees and commissions to the book running lead managers (BRLMs), marking the largest-ever payout for an IPO in the country.
He also pointed out the high sums earned by the coaching centres leading to the commercialisation of education.
Nepal plunged into a political crisis after President Bidya Devi Bhandari dissolved the House of Representatives and announced dates for mid-term elections at the recommendation of Prime Minister Oli on Sunday, sparking protests from a section of the ruling party and various opposition parties.
'Union Budgets are often used as political instruments and that was the intention of this government too.' 'But while the exercise has settled two fronts, it has left open several others and this has the potential to aggravate with time,' predicts Nilanjan Mukhopadhyay.
The report was earlier listed in the agenda of the lower house for December 4 but was not tabled.
Ever since, he has remained Thiruvananthapuram preferred MP, winning four elections on the trot, including the closely fought battle with Bharatiya Janata Party's Rajeev Chandrasekhar in 2024. This could well be his swansong from the capital segment.
Led by a new generation of entrepreneurs, India's family offices are shifting from traditional investments in physical and tangible assets like real estate to investing in technology, healthcare, and retail stocks. This new wave of family offices is engaging in stock market investments, including pre-IPO placements and secondary market operations. "Born into a world of technology, the next generation, especially those born after 2000, view technology as equally crucial as finance for running a business.
Posting a copy of her letter to the speaker on 'X', Moitra said, 'Have not received any replies from my previous letter to Hon'ble Lok Sabha Speaker but am placing this on record anyway.'
Union Law Minister Arjun Ram Meghwal on Wednesday moved the women's reservation bill for passage in the Lok Sabha, saying it is a very important bill and urging members to pass it with unanimity.
The finance minister clarified that indexation benefits offered until April 1, 2001 would be protected. This means older properties, including legacy assets, would benefit.
Delhi faces a severe financial crunch and the deficit is largely due to numerous welfare schemes without adequate revenue flowing in. The success of welfare schemes and electoral promises will need careful financial planning and out of the box thinking to whip up additional revenue, notes Ramesh Menon.
Ethics Committee Chairman Vinod Kumar Sonkar tabled the panel's first report when the House re-convened at noon after an adjournment during the Question Hour.
On Tuesday, 49 opposition MPs were suspended for the remaining part of the session for disrupting proceedings, taking the total tally of suspended MPs in Lok Sabha to 95.
The Rajya Sabha and the Lok Sabha will meet again on Tuesday afternoon in the new Parliament building, with Speaker of the Lower House Om Birla urging the members to abstain from 'organised disruptions' and 'carrying placards' in the new chamber.
It referred to Article 105 of the Constitution which deals with powers, privileges etc, of the Houses of Parliament and of the members and committees thereof.
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