In previews of Q2FY25 and beyond, industry analysts are expecting a turnaround for IT services. High teens earnings per share or EPS growth is expected for the next two-three financial years. The hopes are backed by deal wins of above $100 billion as at Q1FY25, up 16.6 per cent year-on-year ( Y-o-Y).
The Kerala police on Thursday launched an investigation into an alleged social media campaign against Chief Minister Pinarayi Vijayan's Facebook post requesting help for the people affected by the landslides in Wayanad district. The campaign was aimed at motivating people to reject the CM's appeal for disaster relief, it said.
The Supreme Court on Monday refused to quash criminal proceeding against former Punjab and Haryana high court judge Nirmal Yadav in the 2008 cash-at-judge's door scam.
The pharmaceuticals sector is expected to post a revenue growth of around 13.5 per cent and a net profit growth of 30.3 per cent for the third quarter of 2023-24 (FY24), riding on the approval for niche drugs in the US market, fall in raw material prices and correction in shipping rates. In the healthcare segment, hospitals are expected to post revenue growth of 13 per cent during the coverage, while net profit growth would be around 37 per cent, ICICI Securities said in a note. However, the performance may not be comparable on a sequential basis due to the offset of the festive season in Q3FY24, the analysts noted.
In mixed doubles, the husband-wife Indian pair of B Sumeeth Reddy and N Sikki Reddy defeated Malaysia's Wong Tien Ci and Lim Chiew Sien 21-17, 21-19.
Asserting that the situation was deteriorating, Rosario urged Yunus to resolve the crisis by giving it top priority and putting an end to the violence.
In a setback for the ruling Trinamool Congress in West Bengal, the exit polls on Saturday predicted that the Bharatiya Janata Party will move ahead of Mamata Banerjee's party in the Lok Sabha elections in the state.
A 16-year-old Muslim boy was allegedly beaten up by a group of persons amid chants of 'Jai Shri Ram', after he was caught before boarding an express train at the Bandra railway terminus in Mumbai with a teenage Hindu girl, who they claimed was kidnapped by him, the police said.
It's a downfall for the powerhouse that produced some iconic names such as PT Usha, Shiny Wilson, Anju Bobby George, Rosa Kutty, Mercy Kuttan and Bobby Aloysius among others."
Following the debacle in the recently concluded assembly elections in Jammu and Kashmir Nirmal Singh had submitted his resignation but he was told to continue for some more time BJP president M Venkaiah Naidu said.
'Rajji laughed. "What will I do with you convent girls and your two left feet?" he exclaimed.'
WC star Azad beats state BJP heavyweight Ghosh from Bardhaman-Durgapur constituency
The Congress this time won six of the 10 seats reserved for the SC category, one less than in 2018.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
'These include economic prosperity, a promising future for youth, empowerment for women, a thriving society, robust healthcare, quality education, elevated living standards, agricultural prosperity, and robust social security coupled with effective governance.'
West Bengal Chief Minister Mamata Banerjee, who rushed to the district late on Sunday night, assured the people of all help from the administration.
Fast moving consumer goods (FMCG) companies are expected to see muted topline growth, with uneven spread of the monsoon impacting demand. Rural demand recovery, too, remains elusive in the July-September quarter. Brokerages expect volumes to remain steady in the quarter on a sequential basis.
Capital goods companies in their Q2FY24 results are expected to report another steady quarter of earnings growth as order inflows and execution remain healthy, according to analysts. An upward revision in order inflow targets and a margin improvement due to lower raw material costs are also anticipated. "We expect the execution of all capital goods companies and most EPC (engineering, procurement, and construction) companies to remain healthy Y-o-Y (year-on-year), led by strong order book accretion in the past 5-6 quarters," wrote analysts at Kotak Securities in a note, estimating revenue growth of 32 per cent for India's largest company in the capital goods space -- Larsen & Toubro.
BJP sources suggest that the upcoming elections will likely revolve around the renewed enthusiasm for the temple unless another theme with religious and nationalist undertones emerges.
Ghazal maestro Pankaj Udhas's last rites were performed with full state honours.
'Earnings revival could be two quarters away.'
Whether Rajeev Chandrasekhar wins or not, Thiruvananthapuram will likely never see such an interesting contest again.
Saini, 54, a low profile OBC leader, rose through the ranks in the party and was unanimously elected as the leader of the state BJP's legislature group at a meeting held in Chandigarh on Tuesday.
It is 10 years since Bandhan Financial Services became the first microfinance institution (MFI) to receive the universal bank licence. A year later, in 2015, it started operations. Bandhan's entry into banking was seen as a vote of confidence by the Reserve Bank of India (RBI) for the country's microfinance sector. Subsequently, the RBI awarded small finance bank licences to nine MFIs.
Unseasonal rains watered down the performance of consumer durables companies as temperatures cooled, impacting the sales of refrigerators and air conditioners (ACs) in the 2023-24 (FY24) April-June quarter. Centrum says in its report on the sector that the trade channel indicates a 25-30 per cent year-on-year (YoY) decline in sales of refrigerators and ACs in April and May due to restricted buying. "While some green shoots in demand were visible in June, overall growth for the quarter is likely to remain at a negative 10-12 per cent," observes the brokerage.
Laapataa Ladies is gentle yet firm in calling out the hypocrisies colouring everyday mindsets and prejudices without acquiring the high-handedness of a crusader, observes Sukanya Verma.
A court in Hyderabad on Wednesday acquitted All India Majlis-e-Ittehadul-Muslimeen legislator Akbaruddin Owaisi in the "hate speech" cases filed against him a decade ago.
The policemen were booked at Kota's Kunhari police station at a high court order, issued after it heard the petition of Nirmal Singh, the father of the abducted man.
IT major Accenture's second straight cut in its revenue growth forecast for FY23 suggests there is more pain ahead for the Indian IT sector, say analysts. Accenture has lowered the top end of its FY23 growth guidance in constant currency (CC) to 9 per cent from 10 per cent earlier. The firm, which follows a September-August fiscal cycle, expects a 2-6 per cent CC growth in Q4 of FY23 (June-August 2023) versus the 6-10 per cent prior guidance.
His elegant body of work, LIVE and recordings, is a tuneful treasure whose melody and memory lives on. Fondly remembering the late singer and 10 of his superhit songs.
Deepa Gahlot lists 10 popular family shows and films streaming on various platforms.
The chief secretary said that as the state is witnessing heavy rains over the last three days, the collectors should be on high alert and take all steps to prevent loss of life, cattle or damage to any property.
'Sheikh Abdullah ruled the state with secular values. Post 1953, when he was sacked, corruption took over governance.'
The home ministry on Thursday announced the Padma awards which included five Padma Bhushan, 17 Padma Bhushan and 110 Padma Shri.
The Opposition party also attacked Azad, saying "Mr. GNA himself gives new evidence of his DNA mutation by saying 'those opposing Article 370 abrogation ignorant of the situation on the ground'."
After underperforming its peers in the consumer space in 2022-23, and experiencing a mixed bag in the 2023-24 (FY24) April-June quarter (first quarter, or Q1), brokerages are positive about the medium-term outlook for liquor stocks. Higher raw material costs, concerns regarding increased duties, regulatory changes, and competitive pressures weighed on performance returns in the past quarters. Analysts believe that the sector could experience a reversal of fortunes due to better demand and margin improvements.
Slamming Hurriyat leader Syed Ali Shah Geelani's demand for restricting Amarnath yatra to 30 days, Jammu and Kashmir Deputy Chief Minister Nirmal Singh on Saturday.
'Pankaj Udhasji took the Ghazal to the masses. He was a wonderful singer, but more importantly he was a wonderful human being.'
Renowned ghazal singer Pankaj Udhas, whose velvet smooth voice gave expression to the many colours of love, longing and heartache in songs such as Chitthi Ayee Hai and Aur Ahista Kijiye Baatein, died in Mumbai on Monday, February 26, 2024, after a prolonged illness.
The stock of fast-moving consumer goods major Tata Consumer Products has been reaching new all-time highs on better-than-expected results for the July-September quarter (second quarter, or Q2), strong growth in the food business, and margin gains in the beverage/international business. Most brokerages are positive on the stock, given growth prospects, and believe that rich valuations are justified. The near-term trigger has been the robust operational performance in Q2.
