Acceleration in demand, together with marginal price hikes of about 2-3 per cent by cement companies in the October-December quarter (third quarter, or Q3) of 2022-23, may not be enough to cushion the impact of high input costs on the bottom line, reveal Bloomberg consensus estimates for the quarter. Year-on-year (YoY) net sales growth in Q3 will come in at nearly 7 per cent, shows Bloomberg data, while bottom-line growth will show a sharp decline of 25 per cent from a year ago. The earnings before interest, tax, depreciation, and amortisation (Ebitda) will likely decline by nearly 5 per cent versus a year ago, shows data.
Biden made the remarks after an 'emergency meeting' convened by Biden of North-Atlantic Treaty Organisation (NATO) and G7 leaders on the sidelines of the G20 Summit in Bali, Indonesia.
State Home Minister Tamradhwaj Sahu said that in 2013-14, the state had received Rs 50 crore for police modernisation from the Centre. The allocation has come down to Rs 20 crore right now.
The no-confidence motion moved by the opposition Bharatiya Janata Party against the Congress government in Chhattisgarh where assembly polls are due next year, was defeated by voice vote in the state Legislative Assembly on Thursday.
Restrictions on buying land are among barriers holding up projects worth almost $300 billion
In his address to the joint sitting of both Houses of Parliament at the start of the Budget Session, Kovind said the Rs 64,000 crore PM Ayushman Bharat Health Infrastructure Mission will prepare the country for a health crisis in the future.
Prime Minister Narendra Modi on Thursday said India has become the fifth largest economy in the world and this is not an ordinary achievement. "Every Indian is feeling proud of it. We need to maintain this enthusiasm," Modi said. He was virtually addressing beneficiaries of various government schemes and those present at a mega medical camp organised in Olpad area of Surat city in Gujarat, where the Assembly polls are due later this year.
No one can capture an inch of Indian land till the Narendra Modi government is in power, Home Minister Amit Shah said Tuesday and claimed the actual reason behind the Congress disrupting Lok Sabha proceedings was not the clash between Indian and Chinese soldiers but a question on the cancellation of Foreign Contribution (Regulation) Act (FCRA) registration of the Rajiv Gandhi Foundation.
If the real estate sector is properly managed, it could drive not just finance but demand for a range of products and services, observes T N Ninan.
'India is showing a reasonable amount of resilience, but we are still living in a world that is quite fragile.' 'That's why we hope that the government will continue to invest significantly in public capex so that we are able to ride through this cycle till the private sector is able to play its part in investing and adding to the capex cycle.'
Long-term tax on capital gains arising from selling a house can be invested in another property under Section 54.
Major Ruchi Agarwal is commander of the United Nations Female Engagement Team in the conflict-ridden Democratic Republic of Congo.
The Indian financial services space seems to be in a sweet spot as foreign investors have made a net investment of Rs 14,205 crore ($2.1 billion) in the sector in November amid strong credit growth and manageable non-performing loan portfolio. The investment comes following a net withdrawal of Rs 4,686 crore from financial services stocks in October on account of profit booking. Overall, foreign portfolio investors (FPIs) have made a net investment of Rs 36,238 crore in the country's equity markets in November.
"One thing I want to make it clear that this case will be thoroughly investigated. There will not be any interference or direction from our side. Police will independently investigate the case and truth will come out," Bommai said addressing a press conference in Mangaluru.
Vastu Housing Finance is trying to leverage technology to distinguish itself in a crowded space.
The prime minister said he was expecting members of the House to show enthusiasm by thumping their desks as a large number of those from the Dalits, Scheduled Tribes and OBC communities as well as sons of farmers and those from economically backward and rural backgrounds have become ministers in the recent rejig.
'The biggest problem that faces the Opposition in Gujarat is just a day or two before voting is scheduled, Modiji goes on a spree of emotional appeals.' 'That process has been set in motion much earlier this time in Gujarat.'
Scores of National Students' Union Of India activists on Saturday staged a protest outside the residence of Union Home Minister Rajnath Singh, demanding scrapping of Civil Services Aptitude Test.
Dimrailiu Moita, a teacher from Manipur, tells Rediff.com's A Ganesh Nadar what she would like to see in Finance Minister Nirmala Sitharaman's Budget.
Stars. Substance. Style. Sukanya Verma lists them all on OTT this week.
The party bagged 11 of the 25 seats, from 20 Local Authorities' constituencies in the state, for which the biennial election was held on December 10, and counting was taken up today, poll officials said.
'That is the one headline the world is reading about India this week, and it is a potentially damaging story...' 'I don't think a panic mentality has set in, but this story is one that investors and market watchers are absolutely seized with.'
The notion that the BJP gained its increased tally by wiping out the Left parties and the Congress is completely misleading. Equally misleading is the belief that the TMC held its ground in all its existing seats. A little more than a fifth of the seats Mamata Banerjee's party had won in 2016 was lost to the BJP this time.
Since 2014, the public sector banks' branch network in rural and semi urban has grown by a mere 4,000 while for private sector banks, it doubled from 9,673 to 18,437.
Evidently, households see a brighter future after the Budget, reveals Mahesh Vyas.
Modi said bribery was not possible as the money was transferred directly into accounts of the beneficiaries.
The police have lodged a first information report (FIR) against 25 people in Moradabad after they offered namaaz at an open space that, they claimed, was the private property of some of them.
The Centre received 5.59 lakh public grievances against various government departments in the first half of this year, with the Department of Financial Services (DFS) getting most of such complaints, according to an official report.
According to reports, public transport and banking services remain partly disrupted for the second day in some states.
As some BJP pollsters concede, the Modi leadership's sweeping success in elections 2019, especially across central India, owed not to Hindutva ideology, but to welfare schemes, all of them borrowed from Tamil Nadu, reveals N Sathiya Moorthy.
Shinde attended the state cabinet meeting earlier this week. He is the 13th state minister to be infected by the disease.
Poor governance and mediocre short-sighted politics are destroying the paradise that Goa was as its environment, water table, culture and way of life is drastically threatened by tourism and migration, points out Ramesh Menon.
'Eleven of our mega states such as UP, Madhya Pradesh, Karnataka, Maharashtra, West Bengal and Tamil Nadu have contributed 70 per cent of the cases and 75 per cent of the deaths.'
A contractor who had accused the Karnataka Rural Development and Panchayat Raj (RDPR) Minister K S Eshwarappa of demanding 40 per cent commission for a contract, was found dead in a lodge in the coastal town of Udupi on Tuesday morning.
The government has no proposal at present to release the report of the caste census carried out in 2011, the Rajya Sabha was informed on Wednesday.
Thennarasu said that while the governor had to grant his approval to the bill, he informed them it was still under his consideration.
Indian companies are expecting generous tax incentives from the Union Budget that will help them invest more in building capacities in the coming years. While the productivity-linked incentives (PLIs) are a good start to spur local manufacturing, the government should also take steps to boost consumer demand, which is not showing encouraging signs, say chief executive officers (CEOs) of India Inc. Statistics released by the Reserve Bank of India (RBI) shows that Indian banks had sanctioned loans worth Rs 75,558 crore in 220 new projects - a record low - in the pandemic-hit financial year ending March 2021. This is not showing any signs of a significant pick up in the last nine months of the ongoing financial year.
He also said the party workers and citizens need not worry about his health and that he will be back among all after a brief period of rest.
In another major crackdown on the Popular Front of India, police along with other investigative agencies conducted raids across several states on Tuesday.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
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