Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Shekhar Bajaj, chairman and managing director of the firm, explains to Viveat Susan Pinto on what led to this sales jump, besides throwing light on the benefits accruing to the sector on account of the GST rate cuts in appliances.
Bajaj Finance was the top loser in the Sensex pack, shedding around 3 per cent, followed by Bajaj Finserv, Reliance Industries, M&M, Nestle India and SBI. On the other hand, Axis Bank, Tech Mahindra, PowerGrid and Maruti were among the gainers.
The University of Derby invites applications for its undergraduate and post-graduate programmes.
Immunity boosting foods and drinks. Sustainable fashion. Beauty products with natural ingredients. There was always a market for these, and the pandemic has only made it bigger. Within beauty, brands have recorded a greater demand for ayurveda products.
The resignations are being seen as a sign of bigger troubles ahead for May, who defended the deal before belligerent MPs in the House of Commons.
We have applied for marketing authorisation to the EMA through AstraZeneca. We will not sell the vaccine in the EU, said a company source.
Political risk culminating from elections in the US and Latin America, and evolving right-wing populism in Europe could lead to substantial volatility, say Abheek Barua & Tushar Arora.
Parliament's Budget session has been a washout since the beginning of its second part on March 13, with the BJP demanding an apology from Gandhi.
More than 100 million users with 5G-ready smartphones wish to upgrade to a 5G subscription in 2023 while a majority of them are open to adopting a higher data-tiered plan in the next 12 months, a report by Ericsson Consumer Lab has shown. Titled "Promise of 5G in India", the study carried out in the second quarter this year reflects the views of 300 million urban smartphone users. According to the study, consumer 5G readiness remains one of the highest in the world.
Wipro may not see good growth in APAC regions in ensuing quarters.
Indian market probably has more headroom than the US, says Geoff Lewis, senior strategist for Asia, Manulife Asset Management.
In a bid to capture greater market share of UK's Indian restaurants, United Breweries (Scottish & Newcastle) will embark on a one million pound mega media campaign later this month to promote its flagship beer brand 'Kingfisher'.
The company declined to disclose the names of the firms it was acquiring as the regulatory clearances and some negotiations are still in process.
Auto stocks led the rally with Tata Motors, Hero MotoCorp and Maruti Suzuki leading the gains.
Extending Diwali greetings to everyone, Britain's newly-appointed Prime Minister Rishi Sunak has vowed that he will do everything to build a Britain where children and grandchildren can light their diyas and look to the future with hope.
Equity benchmarks erased early gains after realty, capital goods, teck, auto, PSU, IT, power and bankex counters came under selling pressure, falling up to 1.28 per cent.
The Serum Institute of India (SII) had put in an application to the Drugs Controller General of India (DCGI) in October for grant of market authorisation of Covovax for restricted use in emergency situations.
Citi Bank on Wednesday joined the list of foreign banks that have exited the retail banking business in India as the US-based banking giant announced selling its consumer banking portfolio to Axis Bank for an estimated Rs 12,325 crore. Global banking majors such as ANZ Grindlays, RBS, Commonwealth Bank of Australia have scaled down their operations in India. In a mega-deal announcement on Wednesday, Axis Bank and Citibank said their boards have approved acquisition of Citibank's consumer businesses in India by Axis Bank.
Indian economy is doing well and the performance of domestic stock markets is not as bad as that of other nations.
'Overall, the Indian economy is doing well.' 'Our economic fundamentals are strong and the early signs of recovery are sustainable.' 'This is positive for the market in the long run.'
'The domestic scenario is much better than earlier, demonstrated in the March quarter earnings.'
A few days ago, Reliance Retail surprised the market by acquiring the Campa brand from Delhi-based Pure Drinks Ltd for Rs 22 crore. A successful cola brand in the eighties, especially in North India, Campa Cola thrived when Coke exited India in the late seventies. When the Atlanta-based major returned and PepsiCo set base in India, it went down fighting.
Indian society may be more advanced than we think it is, notes Ajit Balakrishnan.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Market remains extremely volatile before budget.
A family home in the leafy Hampstead neighbourhood of north London where Nobel laureate Rabindranath Tagore lived during a visit in 1912 is on the market, reviving some talk of its acquisition on behalf of the Indian government.
Among other things, the buyer can spend a day watching his/her car being hand-assembled.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
The Reserve Bank's rate-setting panel will start its 3-day deliberations on Wednesday amid expectations of yet another rate hike of 50 basis points to check high inflation, in line with similar actions taken by other major central banks, including the US Fed. Based on the recommendations of the Monetary Policy Committee (MPC), the RBI had effected 50 basis points increase in repo rate each in June and August after raising the short-term lending rate by 40 basis points in an off-cycle decision in May. The MPC, headed by RBI Governor Shaktikanta Das, is scheduled to meet during September 28-30.
Double-digits salary hikes are making a post-pandemic comeback on the back of a buoyant business outlook in 2023, according to global professional services firm Aon. Aon's latest "Salary Increase Survey in India" has not only projected a 10.4 per cent average hike across sectors for 2023, but also identified actual hikes in 2022 at 10.6 per cent as against its previous projection of 9.9 per cent in February. The figure of 10.6 per cent is the highest since 2012, whereas the 10.4 per cent levels projected for 2023 were last seen in 2015.
The government has signed an air services agreement based on 'Open Sky' principle with the US and another with the UK but not based on the said principle which has resulted in enhanced air seat capacity for foreign tourists.
Hinduja brothers have been ranked as Britain's richest Asians in 2014 with a total worth of 13.5 billion pounds, an increase of one billion pounds over the previous year.
Taking its first step towards becoming a global home textile company and to access the UK market
Many are turning to the lower end of the market among India's 1.2bn population where they expect rural incomes to be recession-proofed with government support.
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