A muted revenue performance in the September quarter and weak management commentary weighed on the stock of consumer major Marico which shed 8.5 per cent to Rs 542 from its intraday highs on Tuesday. The company indicated that demand trends were similar to that of the June quarter with instances of increasing food prices and below-normal rainfall distribution in some regions impeding the anticipated recovery in rural demand.
With today's success, Indian shooters have so far won four gold, four silver and five bronze medals.
A total of 2,208 cases were recorded on October 28 last year.
In the July to September quarter of 2023-24 (Q2FY24), Voltas' revenues grew by 29.7 per cent year-on-year (Y-o-Y), but the adjusted net profit was down by 63 per cent Y-o-Y. The revenues hit Rs 2,290 crore, led by growth in the Unitary Cooling Products segment (up 15.4 per cent Y-o-Y, and in the EMP (Electromechanical project) business (up 66.8 per cent Y-o-Y). The UCP revenue rose to Rs 1,200 crore in Q2FY24, driven by volume growth despite weak consumer spending - the three-year annual growth is 18 per cent.
The world has recognised India as a bright star as the country is recording healthy economic growth despite global uncertainties, finance minister Nirmala Sitharaman said on Wednesday. India's growth at 7 per cent in the current fiscal is the highest among major economies and the Indian economy is on the right track, she said in her Budget speech.
India logged 1,890 new coronavirus cases, the highest in 149 days, while the active cases increased to 9,433, according to the Union health ministry data updated on Sunday.
The death toll due to the viral disease has gone up to 5,30,824 with six more fatalities -- three reported from Maharashtra and one each recorded in Karnataka, Rajasthan and Uttarakhand, according to the ministry's data updated at 8 am.
India logged 1,300 new coronavirus cases, the highest in 140 days, while the active cases have increased to 7,605, according to the Union health ministry data updated on Thursday.
In Telangana, the K Chandrashekhar Rao-led Bharat Rashtra Samithi has been in power since 10 years and in Mizoram, the MNF is in government.
The toll has climbed to 5,31,091 with 27 deaths recorded in the last 24 hours.
While three deaths each were reported from Delhi and Rajasthan, two each were from Chhattisgarh and Punjab and one each from Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Puducherry, Tamil Nadu, Uttarakhand and Uttar Pradesh besides nine reconciled by Kerala, the data updated at 8 am stated.
Opener Shubham Rohilla struck his fourth first-class hundred to take Services to 279 for 4 against defending champions Saurashtra
A total of 3,375 cases were recorded on October 2 last year.
The death toll rose by three to 5,30,753 with Uttar Pradesh reporting two fatalities and West Bengal recording one, the data updated at 8 am stated.
South Africa skipper Temba Bavuma lauded the team for their all-round performance and said that the team is looking for versatility with spin.
Images from the ICC Men's ODI World Cup match between New Zealand and the Netherlands in Hyderabad on Monday.
Australia's cricketing DNA is constructed by meticulousness and Pakistan's by explosiveness.
Stating that the forthcoming elections will delay the reform process and hurt growth, international rating agency Moody's on Monday said it expects growth to pick up to only 5.5 per cent in FY15.
The Indian economy can contract by 7.7 per cent in current financial year ending on March 31 and the growth could be 11 per cent in the next financial year, according to the Economic Survey tabled in Parliament by Finance Minister Nirmala Sitharaman. The contraction in FY21 is mainly due to coronavirus (Covid-19) pandemic and the visible damage caused by the subsequent countrywide lockdown to contain it. The survey unveiled two days before the Union Budget is broadly in line with forecasts by the Reserve Bank of India (RBI) which has said it expected the country's GDP to contract by 7.5 per cent in the year ending March 31.
IMAGES from the Europa League matches played on Thursday.
The stock of the country's largest listed oral care company -- Colgate-Palmolive (India) Ltd is up 18 per cent over the past month. The gains were led by better than expected June quarter (Q1) performance of the 2023-24 financial year (FY24) and growth revival expectations of the oral care category. The company's volume growth is pegged at 5-8 per cent in Q1FY24. This is the second consecutive quarter of volume growth.
India has logged 5,335 fresh coronavirus cases, the highest in 195 days, while the active cases have increased to 25,587, according to Union health ministry data updated on Thursday.
Finance Minister Pranab Mukherjee might aim for a fiscal deficit of 6.1 per cent of the GDP for the year 2010-11, although he has been stressing on the need to keep fiscal deficit at 5.5 per cent of the GDP in 2010-11 and 4.0 per cent in 2011-12. The current year's fiscal deficit is estimated to be at 6.8 per cent levels.
Parliament has approved a gross borrowing for Rs 7.1 lakh crore for the entire 2019-20 fiscal.
The government plans to borrow a record Rs 15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy.
Kuldeep Yadav is the best spinner going into the World Cup and will give India a distinct advantage in the middle overs through the course of the 50-over showpiece, reckons former Pakistan captain Intikhab Alam.
Shardul Thakur's better batting ability compared to speedster Prasidh Krishna could prove to be decisive while selecting the extra pacer for World Cup but both are likely to be auditioned if India pick a 17-member squad for the Asia Cup, which is set to be named on Monday.
The death toll stands at 5,30,748 with one death reported by Uttar Pradesh and one reconciled by Kerala, the data updated at 8 am stated.
The death toll stands at 5,30,745, the data updated at 8 am stated.
A United Nation's body on Thursday pegged down India's economic growth prospects to 5.1 per cent in 2003 from an earlier projection of 6.0 per cent, mainly due to the impact of Iraq war, Severe Acute Respiratory Syndrome.
The economy is expected to throw up better numbers in the September quarter with GDP contraction of 9.9 per cent, as against 24 per cent in Q1 at the onset of the pandemic, says a report. The government will release the Q2 GDP numbers later this month. In the first contraction since 1980, the economy shrank a full 23.9 per cent in the first quarter of the fiscal after the whole nation was put under a strict lockdown.
Lakshya Sen fought hard before going down in three games against fifth seed Jonatan Christie of Indonesia in the semi-finals of the Japan Open.
The stock of LTIMindtree finished at Rs 5,001 a piece on Monday, which means it is down about 5 per cent from its all-time high as its June quarter results for the 2023-24 financial year (Q1FY24) missed estimates. A cautious note by the management, coupled with the fact that it will miss its double digit revenue growth target for FY24 weighed on the stock price. The company delivered revenues of just over a billion dollars in the quarter with constant currency growth of 0.1 per cent.
The death toll stands at 5,30,750 with two deaths reported by Uttar Pradesh in the last 24 hours, the data updated at 8 am stated.
India saw a single-day rise of 89 coronavirus infections, while the active case count came down by three to stand at 1,931, according to the Union health ministry data.
Citing the sharp rise in food prices, economists at a foreign bank have forecast a steeply higher retail inflation print for July, pegging it at 6.7 per cent, up 190 basis points from the previous month. Deutsche Bank India economists led by chief economist Kaushik Das, in a report on Monday ahead of the monthly inflation print and the Reserve Bank's monetary policy review, said that the July consumer price-based inflation index (CPI) is likely to print at 6.7 per cent on-year as against 4.8 per cent in June. The Reserve Bank is widely believed to leave the key interest rates unchanged for the fourth time in its upcoming bi-monthly monetary policy decision on August 10.
The finance ministry seems to be gung ho about economic growth next financial year. It may peg this at nine per cent for 2011-12 in the Economic Survey, likely to be tabled in Parliament on February 25, even as the Reserve bank of India (RBI) hinted at a lower figure.
RBI expects the growth in the next fiscal to strengthen gradually, notwithstanding the significant headwinds.
rediffGURU Anu Krishna offers advice on how to take control of your life and relationships.
The initial public offering of the country's largest insurer LIC will open on May 4 and close on May 9, sources said. The IPO, through which the government will sell 3.5 per cent stake in state-owned Life Insurance Corporation (LIC), will fetch Rs 21,000 crore to the exchequer. The IPO values LIC at Rs 6 lakh crore.
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