Tata Power saw a big sell-off, with the stock falling almost 8 per cent after declaring disappointing results for the October-December quarter (Q3) of 2023-24 (FY24) on Friday evening. The company reported net consolidated revenue of Rs 14,650 crore, up 4.4 per cent year-on-year (Y-o-Y), and earnings before interest, tax, depreciation, and amortisation (Ebitda) of Rs 2,607 crore, up 2 per cent Y-o-Y, in the quarter, led by higher sales across Odisha distribution companies (discoms) and capacity addition in renewables. This was well below consensus estimates.
Seems daunting? With right financial planning, patience, and commitment, this goal is entirely achievable, says Ramalingam Kalirajan. Here's how
According to the plea agreement, Sai Varshith Kandula (20), of St Louis, Missouri, crashed a rented truck into the White House perimeter, and he was attempting to gain access to the White House to seize political power.
'If you are not prudent, you may exceed your budget, and if it happens too often, you may end up in debt.'
Havells India, the country's largest listed consumer electrical company, reported a mixed performance in the 2024-25 (FY25) October-December quarter (Q3). While the top line benefited from festival demand, lower margins impacted operational performance.
With the US filing civil and criminal charges against billionaire Gautam Adani and seven others over a multi-million-dollar bribery scheme, a prominent attorney here has said that the case could escalate significantly, potentially leading to arrest warrants and even extradition attempts. Adani, India's second-richest man, and seven others, including his nephew Sagar Adani, have been charged by the US Department of Justice with paying bribes to unidentified officials of state governments in Andhra Pradesh and Odisha to buy expensive solar power, potentially earning more than $2 billion in profit over 20 years.
Abul Kalam Azad chose not to contest Congress Presidency and to throw his weight behind Nehru, instead of Patel, a decision he would come to regret. Patel would have seen his plan through, while Nehru, in Azad's opinion 'gave Jinnah the opportunity to sabotage' it, notes Aakar Patel.
Hemant Soren, the youngest chief minister of Jharkhand, has navigated a tumultuous political journey marked by legal battles, party rivalries, and personal setbacks. Despite facing challenges, he has emerged as a powerful advocate for the rights of tribal communities, earning his place as a formidable figure in the state's political landscape. This article explores his rise to power, his leadership style, and the key initiatives he has undertaken for the betterment of Jharkhand.
'India is using Hasina to warn the Yunus government because there is a ground support for the Awami League in Bangladesh.'
'There's a misconception that all Rs 1 lakh crore will be spent immediately, leading to higher consumption of FMCG goods, travel, and vehicle purchases.' 'While some of this money will go toward consumption, not all of it will.' 'The impact depends on where people deploy their savings.'
The decision by the Reserve Bank of India to introduce a unified regulatory framework on connected lending for all the regulated entities (RE) is expected to reduce the influence of business conglomerates in the Indian lending space, said bankers and experts. "Connected lending pertains to lending to related parties within the same business group. "While the RBI might appear more agreeable to allowing business conglomerates to own banking licenses, it deems it crucial to bolster regulations that would prevent conglomerate-owned banks from gaming the system," said Shivaji Thapliyal, head of research and lead analyst, YES Securities.
Largecap companies are generally less vulnerable to economic slowdowns than their mid- and smallcap counterparts.
The Supreme Court of India expressed concern over the appointment of DMK leader V Senthil Balaji as a minister in the Tamil Nadu government despite pending money laundering cases against him. The court questioned the state government's decision, stating it is "terribly wrong" to appoint a person as a minister while facing legal proceedings. The matter has been adjourned to January 15, 2025.
The petition filed by advocate Srinivasan has also sought a direction to poll panel to take effective steps to restrain political parties from making promises of freebies during the pre-election period.
Tensions between the United States and Russia have reached new heights amid the ongoing Ukraine conflict, with a series of developments marking a dangerous escalation.
'He offered countless opportunities to newcomers, from designers and models to choreographers.' 'He taught by example that success should be shared and that there is immense power in staying grounded, even at the top.'
'One of the most significant factors contributing to the optimism for 2025 is the lineup of films featuring Bollywood's three superstar Khans.'
'Of the 20 trading days of January till January 28, FIIs have been selling for 19 trading days'. 'When did FIIs withdraw money with this kind of intensity?' 'It never happened. It's the first. It did not happen even during the 2008-2009 financial crisis when Lehman went under.' 'Even then you did not have like a 19-day selling spree from the FIIs.'
The stage may be set for a recalibrated US-Iran relationship, suggests Ambassador M K Bhadrakumar.
Siemens's share price has lost ground in the past few sessions following weak management commentary. The management indicated challenges to the growth outlook due to stagnant private capex and concerns over semiconductor shortages for digital industries. Government infra-spending may regain momentum from January 2025.
''It's crucial to adhere to your trading plan, even when faced with emotional turmoil.' 'The market can be incredibly volatile and it's easy to get swayed by fear and greed.'
Manmohan Singh represented the finest aspects of India, asserts Aakar Patel.
Former Chief Justice of India D Y Chandrachud has expressed concern about the influence of social media on the judiciary, stating that special interest groups are using it to sway court decisions and judges need to be vigilant. He highlighted the dangers of forming opinions based on short social media clips, emphasizing the nuanced nature of judicial decision-making. Chandrachud also defended the collegium system for judicial appointments and clarified that while there is no legal bar on judges entering politics after retirement, their decisions might be scrutinized differently due to their past roles.
What if I told you that you only need to invest for 5 years to accumulate Rs 1 crore? Sounds unbelievable, but it's possible, asserts Ramalingam Kalirajan
'Money power was deployed like an army in a war.' 'None of the MVA parties had that kind of money.'
Tata Elxsi (TelX) reported a weak Q3FY25, with a sharp deceleration in the transportation vertical. However, recent deals in the Asia-Pacific (APAC), higher mix of original equipment makers (OEMs) and partnership with Qualcomm will improve growth. FY25 is the third successive financial year of revenue growth deceleration and second successive financial year of profit deceleration.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Hero MotoCorp, a major player in the two-wheeler market, has seen a 9 per cent rise in its stock since the beginning of the month. This increase, driven by the largest motorcycle company by volume, is attributed to expectations of a revival in rural sales due to normal monsoons, government measures to boost consumption, recent market share gains, and a large valuation discount compared to peers. In the near term, the company's volume performance and growth trajectory, particularly in rural markets and entry-level segments, are expected to be key drivers.
Unbelievable, did you say? Ramalingam Kalirajan explains the simple math.
Apart from the emotional value attached to buying gold, the yellow metal offers protection against inflation, interest rate spikes, currency and geopolitical risks, says Anamika Pareek.
'The government is saying 88 Hindus have been killed, but it could be much more.' 'Their properties are being looted, their businesses have been ransacked. I am getting distress calls from there.' 'Muslims who believe in the philosophy of Sheikh Mujibur Rahman are also under attack. Most of those who have fled Bangladesh after Sheikh Hasina's fall are Muslims.'
BJP leader Vinod Tawde has demanded an apology from Congress president Mallikarjun Kharge, Rahul Gandhi, and party spokesperson Supriya Shrinate for making "false and baseless" allegations against him in the cash-for-votes incident in Maharashtra. Tawde was accused by the Bahujan Vikas Aghadi of distributing Rs 5 crore to woo voters. He has sent a legal notice to the Congress leaders, claiming they were aware the story was fabricated and demanding an unconditional apology within 24 hours. If the apology is not forthcoming, Tawde has threatened to initiate criminal and civil proceedings against the trio.
Meet the game-changer in mutual fund investments, explains Anamika Pareek.
Senior Congress leader Shashi Tharoor has criticized the BJP for its allegations that elements in the American "deep state" were behind attempts to destabilize India, saying this "attack-dog" behavior is an embarrassment to India. Tharoor's comments come after the US rejected the BJP's allegations, describing them as "disappointing" and asserting that the US government is a champion of media freedom. The BJP had alleged that the US deep state colluded with the media portal OCCRP and Congress leader Rahul Gandhi to "damage" India's image.
Guterres urged members of the Security Council to press to avert a humanitarian catastrophe and appealed for a humanitarian ceasefire to be declared.
Bala Devi becomes first Indian woman to score 50 international goals
Global factors and FII activity will dictate trends in domestic equity markets this week while assembly poll results of Maharashtra and Jharkhand may impact stocks on Monday, say analysts. Stock markets witnessed a spirited recovery on Friday with benchmark Sensex and Nifty notching the best single-day gains in more than five months and offering relief after weeks of correction.
'Netanyahu lured Trump into a trap by enticing him with a seductive scenario of massive lucrative business in Gaza's reconstruction.' 'Trump's imagination is running riot, completely disconnected from ground realities,' asserts Ambassador M K Bhadrakumar.
The Royal Swedish Academy of Sciences on Monday has decided to award the 2024 Nobel Prize also known as the Sveriges Riksbank Prize in Economic Sciences to Daron Acemoglu, Simon Johnson and James A. Robinson "for studies of how institutions are formed and affect prosperity."
The Indian Diaspora has been able to carve a niche in their adopted countries as a result of their talent, perseverance and hardworking nature, asserts Rup Narayan Das.
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