Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
In a historic transition, the Parliament moved into a swanky new complex on Tuesday, with Prime Minister Narendra Modi urging MPs to forget all past bitterness and start a new chapter and the introduction of the women's reservation bill taking centre stage.
Congress deputy leader in Rajya Sabha Pramod Tiwari said the first priority should be to hold a comprehensive and detailed discussion on the Manipur situation in Parliament, going by the fact that people have been killed and the chief minister himself has admitted that several such incidents have happened in the state.
A meeting of opposition leaders from many anti-Bharatiya Janata Party parties, most of them regional forces, hosted by the veteran leader and Nationalist Congress Party president Sharad Pawar on Tuesday is being seen by political pundits as a beginning of an exercise by them to join forces to put up a more cohesive challenge to the saffron party.
The opposition parties will meet on Monday morning to evolve their strategy in both Houses of Parliament after protests by them on the Hindenburg-Adani issue overshadowed most of the first half of the Budget session.
Sanjeev Gupta, chief of Liberty House, is being dubbed UK's new 'man of steel' after he emerged as a potential saviour of 4,000 jobs
Wisner said during a discussion organised by Asia Society here yesterday on the Indian elections.
The government on Monday said that matters regarding Chinese intrusion can't be discussed in Parliament as it concerns the security of the country.
A fresh clash occurred at a disputed village along the Assam-Meghalaya interstate boundary as locals from both sides used bows and arrows and catapults to attack each other, officials said on Wednesday.
Tharoor said people have incurred losses after their money which was invested in LIC, SBI was put by the government "in its friend's account".
Ahead of the end of his term as the Kotak Mahindra Bank's chief executive and managing director, Uday Kotak has said he will be a "non-executive board governance member and a strategic shareholder" going ahead. In the private sector lender's annual report, the last such message from him as the MD and CEO before he relinquishes the position at the end of 2023, Kotak reminisced about the institution's journey, pointing out that Rs 10,000 invested in 1985 is worth over Rs 300 crore today. "Going forward, I see my role as a non-executive board governance member and a strategic shareholder with a long term perspective of nurturing a world class institution," Kotak said in the annual report.
As PM talks of lower lending rates, housing companies prepare to cash in.
The impact of currency depreciation can also be mitigated by holding a portion of your investment portfolio in dollar-denominated assets.
Banks get bonds boost to raise funds for core sector; up to Rs 50 lakh of home loans in metros and Rs 40 lakh in other cities not to have CRR, SLR requirements
United States President Joe Biden on Wednesday said that based on what he saw, it appears that the deadly explosion at the Gaza hospital was done by 'the other team' and not the Israeli military, accepting the Israeli version of the story pinning the blame for the blast on the Palestinian militant group Islamic Jihad.
'This is for the first time home loan rates have dropped below 7 per cent,' notes Tamal Bandyopadhyay.
Such is Argentina's passion for soccer, that the World Cup remains a priority for some, despite a sluggish economy, painful inflation estimated to hit 100% this year and currency controls that push up the price of travelling overseas.
Officials said 13 more families living in houses with huge cracks were moved by the administration to safe locations on Sunday.
As India and the United States are set to begin negotiations on two transformational deals -- Security of Supply Arrangement (SOSA) and Reciprocal Defence Procurement Agreement (RDP) -- the Pentagon has said that the defence industries of the two nations will come together once the negotiations conclude.
'We all face challenges in life. It's our approach towards them that absolutely decides what you become.'
Both Israel and Hamas claimed that gunfights were ongoing at numerous locations within Israeli territory.
Israel needs to come terms with the new reality that they are no longer invincible or the dominant power in the West Asian region, observes Ambassador M K Bhadrakumar.
The chief minister will visit Joshimath on Saturday, meet the affected people and hold a meeting with officials.
The Sikkim Government has confirmed that 14 people have died so far in the flash floods that occurred in Sikkim in the early hours of Wednesday.
'Israel has received an extremely hard and rude reminder that it cannot go ahead and talk of normalisation of relations with other Arab countries without addressing the issues pertaining to Palestine.'
Investors of online brokerage house Zerodha on Monday said its users might face some problem while executing sell orders due to "an issue" related to depository CDSL. It tweeted, "You may face an issue with authorizing the sale of your stocks due to an issue with CDSL. "We are in touch with CDSL to have the issue resolved at the earliest."
'It is commendable that India is able to persuade all sides.' 'It shows that India counts and finally, we are reaching a position where we can find a place in the sun at the global level.'
It will bring down the cost of a second house because of tax benefits and price appreciation
The West has always preferred a timid, half intelligent and a dependent India rather than a decisively independent and self-reliant one. A pliable Indian leadership suits the West best, says Tarun Vijay.
In Delhi, Union Home Minister Amit Shah assessed the situation in Joshimath and steps taken to ameliorate people's hardship at a meeting attended by Union ministers Nitin Gadkari, R K Singh, Bhupendra Yadav and Gajendra Singh Shekhawat and top officials.
'We have to make people aware that the Constitution belongs to us.' 'We are the people who decide who will govern on our behalf.'
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
'For our traditional membership base, it would be an access to disruptive ideas,' FICCI President Subhrakant Panda tells Asit Mishra/Business Standard.
HDFC and HDFC Bank's merger - touted as India's biggest-ever corporate merger - pumped up shares of the two entities on the bourses. Shares of Housing Finance Development Corporation (HDFC) skyrocketed 9 per cent while those of HDFC Bank zoomed 10 per cent. In comparison, the benchmark S&P BSESensex and the Nifty50 indices settled 2.2 per cent higher on Monday.
India believes in sabka saath, sabka vikas, sabka vishwas, sabka prayaas and walks ahead with it, Modi said.
National Security Advisor Ajit Doval will hold crucial talks with the top US leadership, including his counterpart Jake Sullivan, on the first high-level dialogue on Initiative for Critical and Emerging Technologies (iCET).
Former New Jersey Governor Chris Christie and a Republican presidential aspirant have called his fellow rival Indian-American Vivek Ramaswamy a guy who sounds like ChatGPT and described him as an "amateur" Barack Obama.
However, the WH Press Secretary says that the right circumstances for a meeting between the two leaders does not exist right now.
In New Delhi, Singh will continue US administration's ongoing consultations with India, and advance a range of issues in the US-India economic relationship and strategic partnership.
Raising pro-Khalistan slogans, the protesters on Sunday broke open the makeshift security barriers raised by the city police and installed two so-called Khalistan flags inside the Consulate premises. Two consulate personnel soon removed these flags.
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