Even as the near-term outlook for the quick service restaurant (QSR) industry remains muted, brokerages are positive about the prospects of Sapphire Foods India. Their preference for the QSR chain comes on the back of the steady performance of Kentucky Fried Chicken (KFC), superior execution and reasonable valuations. The Sapphire Foods stock is up 11 per cent since the start of November.
The merger of housing finance major HDFC with the country's largest private lender HDFC Bank will be effective from July 1, HDFC chairman Deepak Parekh said on Tuesday. The boards of HDFC and the private bank will meet on June 30 post to clear and approve the merger, Parekh told reporters in Mumbai. The merger of the corporation with HDFC Bank will be effective July 1, Parekh said.
'He wanted to learn all the time.'
Hindustan Unilever's Q3FY24 performance was lacklustre, with both sales and operating profit barely moving from the year-ago period due to price cuts and higher advertising costs. Besides weak demand, the FMCG (fast-moving consumer goods) major is facing increased competitive pressures, particularly from regional players, which, coupled with a slow recovery in rural markets, could put revenues under pressure going forward. Margins are expected to remain range-bound as benefits from falling raw material costs are expected to be neutralised by rising promotional budgets.
'That she drove 20 km in 9 minutes is rubbish.'
Mukesh Ambani has reclaimed the top position on the 2023 Forbes list of India's 100 Richest with a net worth of $92 billion. The fortune of infrastructure magnate Gautam Adani, who rose meteorically to overtake Ambani as India's richest person for the first time last year, has slipped to the second position. Adani's net worth, which includes that of his family, fell by a whopping $82 billion to $68 billion, after a report by US short-seller Hindenburg Research in January sent his group's shares tumbling.
The notification for the Congress president's election will be out on September 22 by when all the PCC delegates will be finalised and electoral roll published and the election, if required, will be held on October 17.
Senior Congress leader Shashi Tharoor has written to the party's central election authority chairman Madhusudan Mistry seeking the publication of electoral rolls for the upcoming election to the post of All India Congress Committee president, sources said.
Congress's Lok Sabha members Shashi Tharoor, Manish Tewari, Karti Chidambaram, Pradyut Bordoloi and Abdul Khaleque said this list must be made available in order to verify who is entitled to nominate a candidate and who is entitled to vote.
Women have been and continue to be an integral part of Tata Global Beverages' business, across the world, says Cyrus Mistry.
Filing of nominations for the post of Congress president is scheduled to begin on Saturday with a contest between Rajasthan Chief Minister Ashok Gehlot and former Union minister Shashi Tharoor on the cards.
Sharma claimed he has received complaints that neither any virtual nor any physical meeting was held to finalise the electoral rolls, the sources said.
They said that as Congress MPs, they are concerned about the transparency and fairness of the election process for the president of the party.
Housing finance major HDFC on Monday reported a 16 per cent growth in standalone net profit to Rs 3,700 crore for the January-March quarter, helped by record loan sales on the back of benign interest rates and the resultant fall in cost of funds along with the near-total repayments that culled provisions and credit costs. For the full year, the company, which is working on a reverse merger with its banking subsidiary, has booked a net profit of Rs 13,742 crore, up from Rs 12,027 crore in FY21, vice-chairman and chief executive Keki Mistry said on Monday in an earnings call with analysts. On a consolidated basis, net profit for the quarter surged 21.6 per cent to Rs 6,892 crore on-year and for the full year it jumped 21 per cent to Rs 22,595 crore, Mistry said and guided towards better days.
Congress observers for Rajasthan on Tuesday recommended disciplinary action against three key loyalists of Ashok Gehlot but did not seek any action against the chief minister, as the party scampered to resolve the crisis that has cast a shadow on the election of the party president.
Tharoor's campaign team has also raised 'serious issues' in the conduct of the election in Punjab and Telangana.
Tewari's consideration to contest comes amid the reports of several party top leaders being in the fray.
Sonia will likely be assisted by two vice presidents: Ashok Gehlot in charge of party affairs in north India with probably P Chidambaram doing likewise for south India.
Voting began on Monday in the Congress presidential polls as senior leaders Mallikarjun Kharge and Shashi Tharoor face-off for the post of All India Congress Committee (AICC) chief.
Counting of votes began on Wednesday in the Congress presidential polls in which senior leaders Mallikarjun Kharge and Shashi Tharoor faced-off for the post of All India Congress Committee (AICC) chief.
Playwright and novelist Cyrus Mistry's English novel Chronicle of a Corpse Bearer and K R Meera's Aarachar in Malayalam are among the works that have won the prestigious Sahitya Akademi award for this year.
Gaurav Gogoi will head the screening committee for Rajasthan with Chief Minister Ashok Gehlot and former deputy chief minister Sachin Pilot included among the ex-officio members of the panel.
The Congress on Sunday announced that elections for its president will be held on October 17 with the winner being declared two days later, asserting that it is the only party in the country which undertakes such a democratic exercise.
Tharoor's close aide Aalim Javeri collected the forms from the office of the party's central election authority chairman Madhusudan Mistry on the first day of the start of the nomination process, all but confirming an electoral face-off for the top party post with Rajasthan Chief Minister Ashok Gehlot.
Dr Rohit Mistry suggests five dental hygiene habits young mothers should start their babies/kids.
Before you catch a brawny Prabhas as the Prince of Ayodhya in its VFX-heavy edition, Sukanya Verma looks at the many, many on screen portrayals of Ram over the years.
Mistry said the election authority is in the process of finalising the AICC delegates who will vote in the crucial election for the top party post.
In a major victory for the Tata Group, the Supreme Court on Friday set aside the NCLAT order restoring Cyrus Mistry as the executive chairman of the conglomerate.
'Cyrus was also generous, hospitable, sharing of whatever he had.' 'He never ever acted like the inheritor of great wealth.'
In the manifesto released on Saturday, the Congress also promised unemployment allowance of Rs 3,000 per month, Rs 2,000 pension to divyangs, widows, senior citizens and needy women, and waiver of loans of up to Rs 3 lakh of all fishermen, among other things.
Chairman of central election authority Madhusudan Mistri will be available in Congress headquarters in the national capital to take the nomination papers as returning officer of the election.
The sharp rally in the midcap stocks has made valuations expensive, and there is room for a correction, wrote Christopher Wood, global head of equity strategy at Jefferies in his latest note to investors, GREED & fear. The midcap index, Wood said, now trades at 24.1x 12-month forward earnings compared with 18.7x for the Nifty. Rising crude oil prices, he believes, are another worry for India, which imports nearly 80 per cent of its annual crude oil requirement.
The Reserve Bank of India (RBI) has given HDFC Bank six months to migrate HDFC's home loan customers to external benchmark linked lending rate (EBLR), top sources in the bank told Business Standard. Almost half of HDFC's 5.4 million customers are home loan customers. It is mandatory for banks to link retail loans and loans to micro, medium and small enterprises to an external benchmark. Non-banking financial companies do not have such a mandate.
The Day in Politics: Featuring Dr Singh, Messrs Kejriwal and Sisodia and Mamatadi.
Shareholders of Tata Sons, the holding company and promoter of Tata group companies, have approved the reappointment of N Chandrasekaran as chairman for another five-year term despite its single largest shareholder the Shapoorji Pallonji family abstaining from voting, according to sources. In February this year, the Board of Tata Sons had approved the reappointment of Chandrasekaran as executive chairman for another five years till February 2027, subject to shareholders' approval. At the shareholders meeting held on Monday, the proposal for Chandrasekaran's reappointment for a second term needed more than 50 per cent of votes as it was an ordinary resolution.
We remember some of Nitin Chandrakant Desai most influential works.
Member of Parliament Rahul Gandhi on Wednesday said the president was the "supreme authority' in the Congress and whoever got elected to the post would decide on the way forward (for the party).
Neeyat is not only sluggish, it also creates zero interest in the characters. It could, perhaps, be watched on OTT, where it is inevitably headed, feels Deepa Gahlot.
But the industry's chief executives remain confident of the long-term growth potential of NBFCs in India, given their specialised lending on the asset side, last-mile reach, and a well-capitalised balance sheet. "Over the years, NBFCs have faced many crises.
The Supreme Court in its order said it was not open for SP group companies to call Ratan Tata a "shadow director" when the board of which Cyrus Mistry was chairman had nominated him as chairman emeritus of the USD 100 billion salt-to-software Tata group.
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