A parliamentary committee has criticized Indian Railways for slow train speeds, discrepancies in 'superfast' fares and inadequate punctuality standards.
The appliance makers expect a good churn in the festive season, led by the government's proposal to reduce the GST slab on air-conditioners from the current 28 per cent to 18 per cent, which will reduce the price from Rs 1,500 to Rs 2,500 depending on the models.
As lower GST rates take effect on Monday, sales of air-conditioners, TV sets surged dramatically with buyers rushing to grab cheaper deals offered by retailers at the beginning of the Navratra festival.
The stock of Voltas, the country's largest room air- conditioner (RAC) maker, is up 22 per cent in the past three months. Robust demand on the back of a sweltering summer, distribution expansion, slew of launches and backward integration are expected to forge a good operating performance for the company. In the core RAC segment, there are multiple triggers for the company.
'People on the wait list will be accommodated for vaccination when the scheduled beneficiaries don't turn up.'
Electrical Consumer Durable (ECD) companies like Havells India have seen strong Q4FY24 sales and continuing seasonal demand across fans, air coolers, and room air conditioners (RAC) in addition to business-to-business sales of cables, switchgear, and professional lighting, among others. Havells India's Q4FY24 revenue rose 12 per cent year-on-year (Y-o-Y) to Rs 5,400 crore, in-line with consensus. Strong summer demand led to robust volume growth in fans and RAC and volume growth in cable and wires (C&W) due to infrastructure spending and real estate activity.
The World Chess Championship remained deadlocked as the 10th game between Indian challenger D. Gukesh and defending champion Ding Liren of China ended in yet another draw on Saturday in Singapore.
The drawn match left both the players on an identical tally of 4.5 points each, still shy of 3 points in order to win the championship.
Voltas saw strong growth in both UCP (Unitary Cooling product) and EMPS (electro mechanical projects) segments.
D Gukesh paid dearly for unwarranted complications in the middle game, allowing defending champion Ding Liren of China to clinch the opening game
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.
Due to unseasonal rains, the second quarter of financial year 2023-24 (Q2FY24) was disappointing for the room-air conditioner (RAC) segment and Q3FY23 was also slow. While general consumption demand was low in Q3FY24, the low base and the pent-up demand from the first half of financial year 2023-24 (H1FY24) seem to have driven an off-season demand for RACs.
The court also imposed a restraining order barring Alves from coming within 1,000 metres (3,300 feet) of the victim.
Novak Djokovic hampered by wrist issue at United Cup
In a major reshuffle in Rajasthan, 32 Indian Police Service officers including Inspector General (IG) and Superintendent of Police (SP) of Udaipur, where a tailor was brutally killed, have been transferred, according to the state department of personnel.
Rajasthan is all set to vote on Saturday to elect members of a new assembly with the Bharatiya Janata Party aiming to unseat the ruling Congress, which is fighting hard to change the trend of alternate governments in the state.
Union Minister of State Kailash Chaudhary was among the first to cast his vote, exercising his franchise in Balotra.
World No 8 Muchova withdraws from Aus Open with wrist injury
While booking tickets was a problem, cancelling those booked tickets and getting refunds were more problematic.
Eriksen seeks return to 'normal life' with Brentford
The club will relocate to the Olympic Stadium in Montjuic due to renovation work.
The railways has, however, capped the waiting list on these trains -- up to 100 for AC 3 tier, 50 for AC 2 tier, 200 for Sleeper Class, 100 for chair cars, and 20 each for First AC and Executive Class.
The latest avatar of the F-15 is designed to deal with the world's most potent air threats that are emerging from China.
"Both in terms of what you save on the wage bill as well as the money you make, it would've been desirable. But this is something the coaching staff have to consent to and that's not my place.
Rafael Nadal and Novak Djokovic won their matches for their respective countries on Day 4 of the ATP Cup on Monday.
RAC-MiG is offering IAF the same 4 plus generation capability for upgrading the existing 64 MiG-29s.
La Liga has been on hold since March 10 although president Javier Tebas said last week that the league could start up again on either May 29, June 7 or June 28, adding that the games were likely to be held without spectators. But Barcelona coach Quique Setien does not think it is so simple.
Barcelona captain Lionel Messi has said he considered leaving the club when he was investigated for tax fraud in 2013, saying he felt "badly treated" by Spain.
The first such train left Mumbai's Chhatrapati Shivaji Maharaj station for Varanasi at 12.10 am. The Northern Railway bore 60 per cent of the traffic of these trains with 118 running over its network, including 100 either terminating or originating from the zone, and nine others passing through it.
Luis Suarez had been told by new Barca coach Ronald Koeman that he was not in his plans for next season.
The maiden test flight of the MiG-29UPG took place at Zhukovski airfield of M M Gromov Flight Research Institute.
McLaren's Lewis Hamilton added the Italian Grand Prix to his list of Formula One victories on Sunday while Ferrari's Fernando Alonso stretched his overall championship lead to 37 points with third place.
Winner of two Formula One championships in Brazil, Ferrari's Fernando Alonso says he feels less pressure and has nothing to lose as he chases another in Sunday's title-decider at Interlagos.
The first Indian to win an international race at the Buddh International Circuit in Noida.
Frenchman Griezmann has a 100 million euro ($119 million) release clause in his contract and Spanish media reported that Barcelona are ready to pay it.
We invited readers to share their B-school experience. In the first set of responses, Sneha Gadu, a first year student from Department of Management Studies, IIT Delhi talks about her first few days at the college.
Welcome to the weekly fashion round-up, where we bring you the latest on supermodels, style, designers and everything in-between!
Barcelona forward Lionel Messi has hit out at Javier Faus over comments the club vice president made questioning the need to improve the Argentine World Player of the Year's contract.
Didier Drogba scored twice on his return from a three-match European suspension as Chelsea drew 2-2 at Atletico Madrid to seal their place in the knockout round of the Champions League on Tuesday. They were joined in the last 16 by Manchester United, Porto and Girondins Bordeaux, although four-time European champions Bayern Munich are on the brink of elimination after losing at home to the French champions.
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