However, the Polycab share price is up by nearly 80 per cent while Havells' has risen by 39 per cent. The Sensex has gained 26 per cent in this period. The Q1FY25 results were in line for both companies.
India's leading steel companies hope the Modi 3.0 Budget will continue the massive capital expenditure currently underway, focusing on infrastructure development, manufacturing, and fair trade. The infrastructure segment is the largest steel user, and the government's focus has fuelled steel consumption even as international markets have underperformed. According to provisional statistics, steel consumption grew 13.6 per cent in FY24, reaching 136 million tonnes (mt), according to a CRISIL report.
Bajaj Auto reported steady results in Q1FY25, with revenue surging 16 per cent year-on-year (Y-o-Y), operating profit registering a growth of 24 per cent Y-o-Y, and margins swelling 20.2 per cent. The profitability was aided by 50 basis points (bps) on the accrual of PLI benefits. The domestic prospects for two-wheelers are healthy, though the response to the newly launched CNG motorcycle is a key monitorable.
Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.
'We are seeing signs of improvement in rural overall in terms of demand, but I would still keep my fingers crossed.'
India is all set to export raw sugar for the first time. The Indian Sugar Exim Corporation has signed a deal with Al Khaleej refinery of Dubai to export raw sugar.
Ronaldo's 130 goals for his country is also way out on its own at the head of most scored in international football
The Delhi high court has directed a Noida resident to remove her social media posts that alleged she found a centipede in a tub of Amul ice cream bought by her.
Sweet and spicy, this chutney will add a chatpata addition to your lunch/dinner.
Angry Young Men misses some important elements of the Salim-Javed story including an understanding of the duo's creative process. In fact, the two men do not even appear together in the same space in the series.
The weather office said intensity of heat wave/severe heat wave has slightly reduced over some parts of northwest and adjoining central India.
Questions that the state had come to recognise over time but consistently delayed treating seriously because doing so requires an overhaul of perspective and lifestyle, notes Shyam G Menon.
You can replace sugar with healthier alternatives like dates, raw honey and coconut sugar to protect your health during the festive season.
Refreshing salads lick the summer heat.
Kebabs, biryani and Sheer Khurma? Add to that and experiment with the delicacies we have on offer.
Most of the pharma units are failing in documentation, and validation processes, and many don't have full-fledged quality control laboratories.
India's manufacturing sector activity moderated in April, but still recorded the second fastest improvement in operating conditions in three-and-a-half years supported by buoyant demand, a monthly survey said on Thursday.
India's manufacturing sector saw a slower growth rate for the second straight month in May but stayed firmly in expansion mode with global sales increasing to the greatest extent in over 13 years, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 58.8 in April to 57.5 in May, signalling a slower but substantial improvement in the health of the sector. The index had climbed to a 16-year high of 59.1 in March.
A day after The Washington Post named an Indian official for allegedly plotting to eliminate Sikh extremist Gurpatwant Singh Pannun, India on Tuesday said the report made 'unwarranted and unsubstantiated' imputations on a serious matter.
Sky is the limit, we are ending with heaps of learnings: Corey Anderson on USA's T20 WC campaign
It is 'when someone uses their emotional problems to hook an audience on the Internet.'
It essentially amounts to 'performing sadness online for sympathy and/or attention,' explains Sandeep Goyal.
As Thalapathy Vijay embarks on a career in politics, Arjun Menon looks closer at his glorious filmography.
An encyclopedia to the best Durga Pujo eating.
The stock of commercial vehicle (CV) company Ashok Leyland is up 46 per cent in the past three months, gaining despite worries about a slowdown in sales volume. Brokerages have a mixed view on the country's second-largest medium and heavy commercial vehicle manufacturer. The company reported steady March quarter results and its valuation, focus on growth and medium-term prospects are positive, but some brokerages are cautious, given near-term demand concerns and the risk of competition increasing in the industry.
The brokerage earnings estimate for the January-March 2024 quarter (Q4FY24) for Nifty 50 companies hints at a slowdown in corporate profit growth while revenue increase is likely to be in low single digits as in the previous two quarters. According to various brokerage estimates, the companies' combined net profits are expected to grow 3.1 per cent year-on-year (Y-o-Y) in Q4FY24, the slowest in the last five quarters. For comparison, the index companies' combined net profits were up 8.2 per cent Y-o-Y in Q3FY24 and 3.4 per cent Y-o-Y in Q4FY23.
Reliance Industries Ltd, India's most valuable company, on Friday reported a 5 per cent drop in its June quarter net profit as lower fuel cracks and petrochemical margins outdid gains in telecom and retail businesses. The oil-to-retail-to-telecom conglomerate's consolidated net profit was at Rs 15,138 crore, or Rs 22.37 per share, in April-June -- the first quarter of the current 2023-24 fiscal year -- compared to Rs 16,011 crore, or Rs 23.66 a share, earnings a year back, according to a company's statement.
Major General V K Singh's book has raised a controversy, with unconfirmed reports saying that R&AW chief Ashok Chaturvedi has called for a ban on it.
The order has been issued by the Appointments Committee of the Cabinet that is headed by Prime Minister Narendra Modi and has home minister Amit Shah as its member.
Do not consume fresh fruits, date palm and other poorly washed fruits/half consumed fruits, says Dr Dr Usha Manjunath.
"The emails were sent from 'mail.ru' domain, in which a man impersonating himself as Tauheed Liaquat sent them to all the schools with the aim of spreading fear among voters and Indian citizens," the Ahmedabad crime branch said in a press statement.
Saba Azad was joined by Karisma Kapoor and Kalki Kanmani for the Raw Mango show at LFW X FDCI.
With the hugely popular Panchayat's third season ready to drop this week, we look at all the rural themed shows available on OTT.
Pakistan are already depleted in attack, with injured quick Naseem Shah sidelined and Haris Rauf having opted out of the series to play in Australia's T20 Big Bash League.
Supporters of Congress leader Syed Naseer Hussain allegedly shouted pro-Pakistan slogans after his victory in the Rajya Sabha elections.
Flower batted for the 'Impact Player' rule saying that it allows two Indian players to participate in a game.
This Muri Ghonto recipe has its origins in former East Bengal, present-day Bangladesh.
It's turning out to be a double whammy season for Rajkummar Rao. Raj ended Bollywood's box office drought with Srikanth and followed it with Mr & Mrs Mahi.
India failed to extract the 'price' from Pakistan for its Kargil misadventure.
The price could have been military in terms of loss of territory/soldiers/equipment or destruction of terrorist training infrastructure. Giving a 'face saving' option to Pakistan proved disastrous for the future, asserts Colonel Anil A Athale (retd).
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