'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.
Reliance Industries Ltd on Thursday reported a 7.4 per cent rise in its December quarter net profit, as its retail business rebounded and telecom earnings rose. Its consolidated net profit of Rs 18,540 crore, or Rs 13.70 per share, in October-December - the third quarter of April 2024 to March 2025 fiscal (FY25) - compared to Rs 17,265 crore, or Rs 12.76 a share, in the same period a year back, according to a stock exchange filing by the company.
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.
'I have been successful in Bollywood and I hope that I will get success in politics as well.'
Though the contest is tough in Baramati, Sule has an edge over her rival as the locals may not break the pattern that she is meant for the Lok Sabha and Ajit Pawar for the state assembly, the political analyst felt.
SBI Mutual Fund recently launched the SBI Quant Fund. Its new fund offer (NFO) opened on December 4, 2024, and will close on December 18, 2024. Currently, 11 fund houses manage quant funds with assets worth Rs 9,013.6 crore.
A 36-year-old man diagnosed with Guillain-Barr Syndrome (GBS), a rare nerve disorder, died in a civic-run hospital in Pune, taking the number of suspected GBS fatalities to three in Maharashtra. The patient, a driver with a cab service, was admitted to the Yashwantrao Chavan Memorial Hospital (YCMH) in Pimpri Chinchwad on January 21. An expert committee at YCMH concluded that the cause of death was trauma to the respiratory system due to pneumonia, leading to severe difficulty in breathing. The committee also noted that the patient had been diagnosed with GBS, with a nerve conduction test done on January 22. The immediate cause of death was identified as severe acute respiratory distress syndrome (ARDS). With the latest loss of life, the number of suspected GBS deaths in Maharashtra has reached three. According to health officials, the suspected cases of the rare nerve disorder have risen to 130 in the state. Most of the cases in the state are from Pune and surrounding areas, and these infections, including the latest case, are likely linked to contaminated water sources. Campylobacter jejuni, a bacteria found in contaminated food and water, is believed to be the reason for the outbreak.
Donald Trump's Republican Party has wrested control of the 435-member United States House of Representatives from the ruling Democratic Party with a razor-thin majority, setting the stage for a showdown with Joe Biden in the next two years of his presidency.
Commemorating the Indo-US relationship, the resolution of the lower house of the Congress commends the maturating of the relationship between the two nations, exemplified by Dr Singh's current official visit which begins from November 22. "Our partnership with India is built on this foundation: that India's rise as a great power in Asia and as a global player advances critical American interests ranging from the promotion of democracy and democratic values, to improving stabi
With this, the total number of MPs suspended for unruly behaviour from the Lok Sabha and the Rajya Sabha stands at an unprecedented 146 since December 14.
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.
Both Houses of Parliament were adjourned on Friday due to continuous protests by opposition members seeking discussion and a reply from Union Home Minister Amit Shah on the Parliament security breach.
The finance minister clarified that indexation benefits offered until April 1, 2001 would be protected. This means older properties, including legacy assets, would benefit.
In addition to participating in the swearing-in ceremony, the leaders will attend a banquet hosted by President Droupadi Murmu at Rashtrapati Bhavan, it said.
'This segment has performed very well for us and this is reflected in our bounce rate which is about three to four per cent.'
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.
Rijiju's meeting with Bandyopadhyay came against the backdrop of the Opposition alliance's decision to pull out its members from the panel of chairpersons that will assist Mahtab in conducting the proceedings of the Lok Sabha till the election of the Speaker on Wednesday.
India and Qatar on Tuesday agreed to elevate their relationship to a strategic partnership and double bilateral trade to USD 28 billion over the next five years. Prime Minister Narendra Modi and Qatari Amir Sheikh Tamim Bin Hamad Al-Thani signed agreements and MoUs to strengthen economic cooperation, including a revised double taxation avoidance agreement. The strategic partnership will cover the "entire spectrum" of the bilateral relationship, including trade, energy security, and regional and international cooperation. Both leaders also discussed ways to further strengthen and broaden the energy partnership, including "exploring mutual investments." The Amir's visit provided an "excellent opportunity" for the top leadership of the two countries to discuss and "cement a strategic partnership for enhanced future cooperation."
India should convert the Trump threat to an India opportunity, re-embracing a more liberal trade regime as a way of reviving manufacturing output and exports.
The Shiv Sena has decided to move its MLAs to a luxury hotel at Powai in northeast Mumbai ahead of the Maharashtra Legislative Council polls, a party leader said on Friday, as the ruling coalition spearhead treads a cautious path after being outsmarted by the BJP in the last week's Rajya Sabha polls.
'We will be very, very proactive in providing whatever liquidity requirements are needed.'
The suspension of 49 Lok Sabha MPs came a day after, a total of 78 -- 33 from the Lower House and 45 from the Upper House -- lawmakers were suspended from Parliament for disrupting proceedings.
'If it doesn't, it will continue with measures to infuse liquidity, signalling a new cycle,' predicts Tamal Bandyopadhyay.
While 30 of them were suspended for the remainder of the Winter Session, three were suspended pending the report of the Privileges Committee.
Largecap companies are generally less vulnerable to economic slowdowns than their mid- and smallcap counterparts.
The Congress said the PM has neither found the time nor even had the inclination to visit the state for even a few hours.
Proceedings of Maharashtra legislative assembly continued to be stalled for the second day today over Deputy Chief Minister Ajit Pawar's remarks on loadshedding and drought, with Opposition's move to bring a censure motion which was rejected by the Speaker.
'The RBI's MPC will maintain the current policy rates (6.50%) at the policy meeting, given ongoing inflationary pressures.'
Lok Sabha proceedings were adjourned for the day on Thursday after passage of two bills amid continuous protests by opposition members over the violence in Manipur.
The Lokpal directive came while deciding a complaint by BJP Lok Sabha member Nishikant Dubey alleging that Moitra had asked questions in the Lower House of Parliament in exchange for cash and gifts from Dubai-based businessman Darshan Hiranandani.
As soon as the proceedings began, Speaker Babasaheb Kupekar urged Bharatiya Janata Party MLA Girish Bapat and Congress legislator Chandrakant Chhajed to remove their helmets and said the government has taken note of their protest.
According to the analysis, there has been a 55 percent increase in the number of MPs with declared criminal cases since 2009.
'Women are likely to have voted because of the numerous welfare schemes. The CAA consolidated minority votes and the BJP's booth-level organisation in Bengal is weak.'
Apple's ambitious strategy to expand iPhone exports, shift more production from China to India at a faster pace, and grow its domestic market hits a Trump-sized roadblock.
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.
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.
Singh targeted the Congress using a 'snakes and ladders' analogy, saying the party will fall to zero from 99 after being bitten by a snake -- referring to the grand old party winning 99 seats in the Lok Sabha polls.
The financial numbers for 2023-24 (FY24) of the four pure-play listed asset management companies (AMCs) have enthused the Street. All firms listed robust growth in net profit and revenue both during the January-March quarter (Q4) of FY24, as well as in full FY24. The strong performance comes amid a positive growth environment for the sector, led by tailwinds such as sharp growth in assets under management (AUM) and robust performance in equity offerings.
Trinamool Congress (TMC) leader Mahua Moitra has moved the Supreme Court against her expulsion from the Lok Sabha over 'Cash-for-Query' allegations.
Janata Dal-United MP Giridhari Yadav on Friday said he does not upload questions on the Lok Sabha's website himself as he does not know how to operate a computer, as the Lower House decided to expel Trinamool Congress (TMC) member Mahua Moitra over the allegation that she shared her log-in credentials with outsiders and took a bribe for asking questions.
