Seeing Dubliner Eoin Morgan become England's World Cup skipper was a 'wee bit irritating' for Ireland.
Oravel Stays, the parent company behind the travel tech brand Oyo, is eyeing to clock Rs 100 crore in Q4FY24 profit after tax (PAT) and a 20 per cent revenue growth for FY24, according to informed sources. These numbers were part of an internal review meeting between founder Ritesh Agarwal and senior management earlier this week, where he spoke about the company's profitability trajectory and growth in business.
South Korean auto giant Hyundai Motor Company is considering tax implications of listing its Indian unit before taking a final call, according to sources privy to the development. Hyundai Motor is mulling an initial public offering (IPO) for its Indian arm to raise around $3 billion (at a valuation of up to $30 billion), and talks are in the early stages between the company and bankers, banking sources revealed. Hyundai Motor India Ltd (HMIL), however, declined to comment on the development.
Leicester beat Southampton to open seven-point gap at the top.
Parkway, which is the biggest listed hospital chain in Asia, is now at the centre of a probable bidding war between the Singh Family-promoted Fortis Healthcare and Khazanah.
Market participants attribute the stability to the Reserve Bank of India's timely intervention in the foreign exchange market, both in terms of selling and buying dollars.
'India's fundamentals are a lot better (than those of other emerging market economies).' 'India will suffer (witness a fall in its stock market) what I call the second order effect.' 'And the second order will happen when these funds (belonging to macro and hedge fund investors and which have leveraged Japanese yen-carry trades), because they lose money elsewhere as lot of their positions were financed by borrowing Japanese yen, will have to book profits in investment destinations where they are making money, including in markets like India.' 'They (these investors) will have to effectively sell in countries like India and which is the consequence (the crash in equity markets) that Indian markets might see.'
British TV personality Piers Morgan has trolled Dutch footballer Robin van Persie, whose switch from Arsenal to Manchester United has been a sore point for many, on Twitter after Manchester United beat Crystal Palace on Saturday.
Wage hikes and rupee depreciation may affect the business.
With India's inclusion in global bond indices starting next financial year, the central government believes there will be greater scope for shifting to borrowings via long-term government securities (G-sec) from short-term instruments. This change may be factored into the FY25 interim Budget. "While this has been our focus, the inclusion of India in global bond indices gives us the opportunity to accelerate the shift towards longer tenure G-secs," an official said, requesting anonymity.
The World Cup opener is set to be another barnstorming meeting between two of the favourites -- and a fitting way to start a cricketing feast.
The bullishness in the Indian stock market is likely to continue and the benchmark Sensex will reach 32,500 by December 2015, global brokerage firm Morgan Stanley said.
Global banks Morgan Stanley and Citigroup and private equity firm Actis today collectively bought a six per cent stake in the National Stock Exchange (NSE) for an undisclosed sum.
England have rested Alastair Cook, James Anderson, Ian Bell, Stuart Broad and Graeme Swann for the five-match One-Day International series against Australia next month.
Morgan Stanley said two of three RIL's core divisions face near-term headwinds.
JP Morgan has reiterated its negative stance on Indian information technology (IT) services and downgraded the sector to underweight (neutral earlier post Q4-FY23 numbers), as it believes the overall demand environment for the sector still remains weak. The research firm expects most companies in the sector to disappoint while announcing their first quarter numbers for the current fiscal (Q1-FY24). Among stocks, it has placed Infosys, TCS, MphasiS in its 'negative catalyst watch'.
Eoin Morgan kept up his purple patch of form and Paul Collingwood achieved an England landmark in a four-wicket win over Australia in the second one-day international in Cardiff on Thursday.
HDFC Bank's latest shareholding data showed that the room for foreign investment has fallen just 5 basis points short of the threshold set by Morgan Stanley Capital International (MSCI) to fully include the stock in its indices. Currently, the index provider has applied an adjustment factor of 0.5 since the foreign room is less than 25 per cent. Removal of the adjustment factor will result in inflows of a massive $4.8 billion (Rs 40,000 crore) into HDFC Bank, according to Brian Freitas, a New Zealand-based analyst with Periscope Analytics.
Liverpool's slim Premier League title hopes faded further on Saturday when Michail Antonio's late header earned West Ham United a deserved point with a 2-2 draw.
Morgan Stanley Real Estate, the realty arm of global financial services firm Morgan Stanley, on Wednesday said it plans to invest $1 billion (Rs 4,600 crore) in next 4-5 years in India.
India Inc's net profit as a percentage of the country's gross domestic product (GDP) is just shy of reaching 5 per cent, bolstered by strong earnings growth in the second quarter of 2023-24. Analysts interpret this as an indication that a corporate profit upcycle is in progress, with projections suggesting that this share could exceed 8 per cent within the next five years, driven by bullish earnings growth expectations. "We believe we are only halfway through a profit cycle, with the profit share in GDP rising from a low of 2 per cent in 2020 to about 5 per cent currently, and likely heading to 8 per cent in the coming four to five years. "This implies about 20 per cent compounding of earnings growth. "Underscoring this forecast is the start of a new private capex cycle, under-geared balance sheets, a healthy banking system, lower corporate tax rates, improving terms of trade, and structural consumption demand outlook albeit somewhat offset by likely consolidation in government deficit," said Ridham Desai, managing director, head of research, Morgan Stanley India in a note.
Deloitte India on Friday said it estimates India's GDP growth at 6.6 per cent in the current fiscal helped by consumption expenditure, exports rebound and capital flows. In its India's economic outlook report, Deloitte said the rapid growth of the middle-income class has led to rising purchasing power and even created demand for premium luxury products and services. With the expectation that the number of middle-to-high-income segments will be one in two households by 2030/31, up from one in four currently, we believe this trend will likely become further amplified, driving overall private consumer expenditure growth, it said.
Despite the robust growth in this country, Apple's India share in its overall global sales remained modest -- constituting 1.5 per cent of its overall turnover of $389 billion in FY23.
From its lows in December, the stock of Tata Motors is up about 15 per cent. The gains came on the back of better than expected December volumes in its UK-based subsidiary Jaguar Land Rover (JLR). This coupled with gradual recovery in the global passenger vehicle demand, improving profitability due to product mix and lower commodity costs are expected to be key positives for the company.
The report said in the recent months policy makers as well as the private sector have made some efforts to improve productivity.
Morgan Freeman is divorcing his wife after being married for 24 years, say his lawyer. The Dark Knight star has announced his split with second wife Myrna Colley-Lee following a divorce action.
Mukesh Ambani-owned TV18 Broadcast was valued at $824 million.
Three global investment firms -- Morgan Stanley, Deutsche Bank and Goldman Sachs -- have picked up a total of 10 per cent stake in city-based software firm Core Projects and Technologies Ltd at a combined investment of Rs 39.76 crore (Rs 397.6 mn).
Naomi Osaka gears up for return hoping to inspire daughter Shai
ICC president elect David Morgan wants an increased use of technology to ensure against a repeat of the on-field controversies that marred the Sydney Test between India and Australia.
Sounding bullish on the stock markets, it pegged the Sensex target at 23,000 by December.
England captain Eoin Morgan on Wednesday said their belief in playing "aggressive brand of cricket" has played a big role in the team's progress to the final of the ICC World Twenty20, in New Delhi. England stormed into the final of the ICC World Twenty20 with a comprehensive seven-wicket victory over New Zealand, riding on opener Jason Roy's blazing 78.
Kolkata Knight Riders skipper Gautam Gambhir says Eoin Morgan's 29-ball 47 was instrumental in their comfortable 48-run victory over Sunrisers Hyderabad in their IPL fixture in Kolkata on Sunday.
India Investment Banking chairman V K Bansal spoke to Abhineet Kumar on various issues related to equity capital markets
She said that earlier governments used to sell dreams to people while the present regime is fulfilling the dreams.
The CAD has been narrowing since 2012 to an estimated 1.6% of GDP in 2014
Says that inflation is pushed up because welfare schemes.
Comparative to other Asian GDP growths, India would have the fastest economic expansion, it said
Sri Lanka captain Mahela Jayawardene is wary of England's devastating duo Eoin Morgan and Luke Wright and believes dismissing them cheaply in Monday's World Twenty match is key to maintaining his team's winning momentum.
The private sector's new project announcements in the quarter ending March were among the highest on record. The value of new private sector project announcements for the three months ending March 2024 was Rs 9.8 trillion, shows data from tracker Centre for Monitoring Indian Economy (CMIE). This is the second-highest on record in data going back to 2009.
