Siemens delivered a strong margin performance and also reported high other income to beat consensus in the January-March quarter (Q2) of FY24 (the company's year-end is September 30). In addition, it has opted to demerge the energy vertical with a 1:1 award of shares in the newly demerged entity which will be listed by the end of this year (CY25).
The Delhi Metro Rail Corporation till Sunday was running trains with 50 per cent seating capacity, after the services had resumed after a long hiatus on June 7.
India's steel market is out of step with global trends. Global demand is weak with China at a huge supply surplus to its domestic demand, pushing down global steel prices. India's domestic demand for steel is strong, given the continuing infrastructure push and is likely to accelerate as urbanisation improves, and the auto sector continues to grow alongside the infrastructure push.
The poll authority noted that in the past these cities have "suffered" from urban apathy in voting.
Several persons fainted and emergency workers carried them in stretches and provided care in shelters. Over 30 people were rushed to nearby government hospitals with symptoms of dehydration.
The Bharatiya Janata Party and its allies on Tuesday welcomed the Union Budget and said it focussed on youth, farmers, women, and has 'substantial allocations' for Maharashtra, but the opposition slammed the annual financial statement, claiming it neglected the western state and only seeks to please the saffron outfit's partners in Bihar and Andhra Pradesh.
Republican Party of India (Athawale) on Wednesday objected to naming of the city metro service as 'Reliance Metro' and demanded it should be renamed as 'Mumbai Metro'.
A spectacular aerial display showcasing the prowess and manoeuvrability of the Indian Air Force (IAF) aircraft over the iconic Marina sky captivated the hearts of Chennaiites who turned up in thousands on a sultry Sunday and witnessed the IAF's range of new aircraft including Rafale, roar in action.
With the Centre issuing guidelines for their resumption under Unlock 4, the rapid transit networks started operations in a graded manner in Delhi-NCR, Lucknow, Kochi, Chennai, Hyderabad, Bengaluru and Ahmedabad, but were still closed in Mumbai, Nagpur, Kolkata and Jaipur.
Tech titan Google on Wednesday launched the Google Wallet app for Android users in India, allowing them to securely store essentials like boarding passes, loyalty cards, event tickets, and public transport passes. The digital wallet, which becomes operational in India from Wednesday, comes as a complementary service to existing payment app Google Pay, a top official said.
A video surfaced on the social media on Saturday purportedly showing the monkey roaming around and then climbing onto the handrail bar before traipsing to the neighbouring coach.
Twenty-two police personnel and a government official were also injured in an attack by an irate mob which prompted the firing by the law enforcers.
'He is posting that someone who took the metro (during a medical emergency) got saved.' 'Let him try doing the same. He cannot peddle nonsense just because he is a star.'
Shiv Sena president Uddhav Thackeray on Friday questioned the Bharatiya Janata Party's decision to install a "so-called Shiv Sainik" as Maharashtra chief minister when it did not keep its 2019 promise of rotating the top post, and slammed the new government's move to relocate a Mumbai Metro car shed to green belt of Aarey Colony, reversing a key decision of the previous regime.
The Prime Minister's Office has said that these innovations will herald a new era of travelling comfort and enhanced mobility.
All borders of the national capital will be sealed for the entry of commercial and heavy vehicles by Thursday midnight apart from heavy police deployment, they said.
This comes ahead of the resumption of the functioning of metro rails across the country from September 7.
The real estate sector wants "high-impact" measures, like special schemes and tax breaks for developers, to revive the fortunes of the affordable housing segment in the country, multiple executives told Business Standard. This segment has been struggling since the Covid-19 outbreak, in contrast to larger and costlier homes which have been selling like hot cakes. The demand comes at a time when the government is taking suggestions from industry players before tabling the General Budget in the Parliament next month.
He will succeed incumbent Rajiv Gauba, who completes his unprecedented five-year term in the top bureaucratic post this month-end.
What are the reasons why a girl's education falls by the wayside? Why was Safeena a casualty too? Maybe because the education system doesn't give youngsters enough options? Or there are societal issues or pressures?
As order books gain from India's increased capital outlay, some large capital goods and engineering companies are together spending over Rs 11,500 crore in creating new facilities, data shows. Nine engineering and capital goods companies, where data was available, including Siemens, Larsen & Tourbo (L&T) and KEC International, have a combined capital expenditure (capex) of about Rs 11,500 crore or more. Others such as ABB India and Thermax Global are also adding capacities.
'It would be reasonable to assume that Modi 3.0 would be more focused on projects and schemes which do not require any legislative change or which have the support of its coalition partners,' asserts A K Bhattacharya.
Road awards were muted in Q1FY25. But the pace will accelerate with a bidding pipeline of Rs 1.1 trillion (September 2024), mostly dominated by HAM (Hybrid Annuity Model) projects, which contribute 47 per cent and engineering procurement and construction or EPC projects, which have about 36 per cent share. Hence, infrastructure companies mostly reported revenue decline on a year-on-year (Y-o-Y) basis in Q1FY25.
Whether it's Carrefour, Ford, or other foreign majors, they are ready to adjust their strategies and design their plans in a way that would address the Indian consumption story.
With digital adoption fast gaining currency, India is likely to see retail digital payments double to $7 trillion by 2030 from current levels, a study by Kearney and Amazon Pay said. In the report 'How Urban India Pays', Kearney-Amazon Pay said strong adoption of digital payments in online purchases has potentially led to a permanent shift in consumer behaviours, fuelling offline adoption as well.
The Bharatiya Janata Party on Thursday released its manifesto for the October 5 Haryana assembly polls, promising a monthly assistance of Rs 2,100 for women, two lakh government jobs for the youth and guaranteed government job for Agniveers hailing from the state.
Mehta said some bushes were there on the ground which have been cleared and some branches were trimmed so that vehicles could pass on an approach road there.
'Metro man' E Sreedharan, a much-admired technocrat who is credited with changing the face of public transport system in the country, will join the Bharatiya Janata Party giving a boost to the saffron party ahead of the assembly polls in Kerala.
The metro rail commenced its operations between Miyapur and Nagole, having a total distance of 30 kilometre and 24 stations.
Raising slogans of 'Inquilab Zindabad' and 'Kejriwal Zindabad', Aam Aadmi Party workers and leaders reached the area's metro station in groups, with the party calling for a march to Prime Minister Narendra Modi's residence on Lok Kalyan Marg for a 'gherao'.
The 102-acre government land at Kanjurmarg was handed over to the MMRDA on October 6.
A severe storm in Houston, the fourth-largest city in the US, has killed at least four people and left over 800,000 homes and businesses without power.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
A 30-year-old female graphic designer and a henchman, who she had hired to burn the face of her ex-boyfriend, have been arrested in outer Delhi's Nihal Vihar area, an officer said on Monday.
'UPSC is a very tough exam. I am trying my best to make a success out of it.'
As weather patterns grow more unpredictable due to climate crisis, India is taking a giant leap with "Mission Mausam" to improve weather understanding and forecasting through expanded observation networks, better modeling and advanced tools like AI and machine learning.
The government authorities must not lose sight of the fact that the issue at hand was one that concerned the citizens and used public money, the bench said.
'Food inflation is important and if that is controlled, then consumption will go up.'
Delhi Chief Minister Arvind Kejriwal has issued directions from the Enforcement Directorate custody to ensure that medicines and tests are available to people at all government hospitals and Mohalla Clinics, Health Minister Saurabh Bharadwaj said on Tuesday.
'The dakiyas will be our partners, receiving credit proposals from micro-enterprises at the grassroots level.'
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