The unemployment rate for people aged 15 years and above in urban areas dipped to 6.4 per cent in the July-September quarter, according to the National Sample Survey Survey (NSSO). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force. The unemployment rate in the September quarter of FY24 was 6.6 per cent.
India Inc continued to grapple with muted revenue growth in the September 2024 quarter (Q2FY25) and witnessed a decline in margins and profits. The headwinds were especially severe for non-financial companies, while banking, financial services, and insurance (BFSI) firms significantly outpaced the rest of the corporate sector. The total profit of 1,353 listed companies that have released their Q2FY25 results thus far dropped by 0.6 per cent year-on-year (Y-o-Y) - the first cumulative earnings decline in eight quarters.
The Indian market remains an attractive place to do business for the nation's entrepreneurs, with 75 per cent of them operating domestically.
Bill Gates' remark, intended to underscore India's role in global development efforts, faced swift backlash on social media, where many criticised the choice of words as inappropriate and patronising.
The Centre on Monday advised states and union territories to screen and test of all suspect mpox cases.
The last four years, the best for corporate profits in a long time, have not been as impressive for corporate capital expenditure. The combined net profits of India's top listed companies excluding banks, financial services, and insurance (BFSI) increased at a compound annual growth rate (CAGR) of 32.4 per cent since FY20, a sharp jump from the 7.4 per cent in corporate earnings between FY14 and FY19.
The number of people averse to the surveys by the National Statistical Office (NSO) has more than doubled over the last five years between the 75th National Sample Survey (NSS) round (July 2017- June 2018) and the 79th NSS round (July 2022-June 2023), the Ministry of Statistics and Programme Implementation MoSPI) said on Friday in a conference organised to discuss the issue of 'non- responsiveness' to its sample surveys. The ministry said that nearly 6.9 per cent people in urban areas surveyed by the NSO for the 79th NSS round did not participate in the exercise, while the number of people in rural India that refused to participate in these surveys stood at 3.9 per cent.
India Inc has reported a muted start to the financial year 2024-25, with a decline in net earnings and a modest single-digit uptick in revenues. An analysis of 488 companies that have released their results for the June 2024 quarter reveals a 1.6 per cent year-on-year (Y-o-Y) drop in combined net profit -- the weakest performance in the past seven quarters. In stark contrast, the combined net profit of these companies experienced a 13.6 per cent Y-o-Y increase in the previous quarter (Q4FY24) and a 65.2 per cent Y-o-Y rise in Q1FY24.
At a time when the government is nudging the private sector to ramp up its capital expenditure (capex), the Ministry of Statistics and Programme Implementation (MoSPI) is poised to kick-start the first-of-its-kind annual survey on the status of private sector capex from next month. "The inaugural edition of the annual exercise will start in October and will be completed by December. "The results will be made public by February next year," said Geeta Singh Rathore, director general, National Sample Survey Office (NSSO), at a data users' conference on Thursday.
'Obesity, especially central obesity and increased visceral fat due to physical inactivity, along with the consumption of high-calorie, high-fat, and high-sugar diets, are major contributing factors.'
A 26-year-old woman died after being hit by a Sports Utility Vehicle (SUV) in Malad area of north Mumbai, the police said on Wednesday.
Javelin thrower Amit Dahiya was banned for four years for evading dope sample collection by sending a proxy during the National Javelin Throw Open Championships last year.
'One of the big findings is that younger men seem to have shifted towards the Republican Party.' 'In 2020, about 23% of younger men said they would vote Trump.' 'Now that number is 48%.' 'It is like a 25 point shift, and you don't actually see shifts that big in surveys.'
India is marching towards becoming the fourth country in the world to have space docking technology.
The BJP may win more seats in the February 5 assembly election, but not enough to trump AAP, notes Ramesh Menon.
Big, listed FMCG (fast-moving consumer goods) companies such as Hindustan Unilever, ITC, Nestl, and Britannia have been top-performing stocks on the bourses in recent weeks. The Nifty FMCG index, which tracks the share prices of the country's top 15 listed FMCG companies, is up 1.9 per cent month-to-date in May compared to a 2.4 per cent decline in the benchmark Nifty 50 in the period.
The revenue growth of Indian companies for the July-September quarter is estimated to be 5-7 per cent year-on-year (Y-o-Y), marking the slowest growth in 16 quarters, rating agency CRISIL said on Thursday.
The early-bird results for the April-June quarter of 2024 (Q1FY25) hint at a slowdown in corporate revenues and profits in FY25. Corporate profits might face headwinds from a continued revenue growth slowdown and a reversal in margin gains from lower commodity and energy prices in FY24. The combined net profit (adjusted for exceptional gains and losses) of the 210 companies that have declared their Q1FY25 results so far is down 4.2 per cent from the year-ago period - their worst showing in seven quarters.
The post-Covid pandemic boom in corporate revenues appeared to have faded away in 2023-24. Yet, companies have reported a sharp recovery in their profits in FY24, driven by high margins. Their combined net sales, including gross interest income for lenders, rose by a modest 4.8 per cent year-on-year (Y-o-Y) in FY24.
Kumar also said exit polls create a huge distraction by raising expectations and it was a matter for self-introspection for the media, particularly electronic media.
British Olympic 4x100m relay silver medallist Chijindu Ujah's B-sample has also confirmed an Adverse Analytical Finding (AAF) and his case will be referred to the Court of Arbitration for Sport, the International Testing Agency (ITA) said on Tuesday.
The ICMR's network of laboratories will take care of diagnostics and there is enough capability to step up the supply of diagnostic kits if required, they said.
The death toll in the BEST bus accident in Mumbai has risen to seven, officials on Tuesday said as experts inspected the wet leased vehicle to ascertain if it had any mechanical fault.
The teen, who the police claim was drunk and driving the luxury car when it hit a two-wheeler in the early hours of May 19 killing two techies, including a woman, is lodged at an observation home in Pune.
Bajrang Punia banned, Phogat turns politician, WFI suspension, litigations, and lost medals: How Indian wrestling stagnated in 2024
'If people want to work 90 hours, we should let them work.' 'If people want to work 30 hours, you should let them work 30 hours.' 'But they should not expect the same level of success and attention.'
Hundreds of people were captivated by watching the auspicious Theyyam ritual at the Veerarkavu Temple in the Kasaragod district of Kerala when a thundering explosion and a ball of fire shattered the serene atmosphere around midnight.
'But it is only now being detected more via a test that costs about Rs 15,000 to Rs 20,000.' 'The HMPV virus typically causes mild respiratory symptoms in most people, but can be more severe in young children, the elderly, and those with compromised immunity.'
Amid the ongoing controversy over Tirupati laddu, Consumer Affairs Secretary Nidhi Khare on Monday said her department will consider additional measures to monitor ghee quality in the market only after receiving the Food Safety and Standards Authority of India (FSSAI) report.
The scare of communicable diseases seems to be gripping the country with Maharashtra reporting 28 Zika cases this year, the highest since 2021.
The controversy has sparked reactions across states. The famous Mankameshwar temple in Uttar Pradesh has now banned offerings of 'prasad' bought by devotees from outside and said they can offer homemade 'prasad' or fruits.
Lillian Carter, a trained nurse and a Peace Corps worker, spent two years of her life, when she was in her late 60s, serving the poor in India, in the 1960s. She was posted as a volunteer to Vikhroli, then a village 30 km outside of Mumbai and a Godrej township, and was there from 1966 to 1968.
Plan a nutritional treat for your bachhas on Children's Day.
Five wards in two panchayats of Malappuram district were declared as containment zones and directions have been issued not to gather in large numbers.
The Bombay High Court has criticized the Maharashtra CID for its "lackadaisical" probe into the killing of the Badlapur school sexual assault case accused, Akshay Shinde, in an alleged police shootout on September 23. The court pointed to several lacunae in the investigation, including the lack of gunshot residue on Shinde's hands and fingerprints on the water bottle he was given. The court directed the CID to complete the probe in two weeks and submit all relevant material to the magistrate.
Amid fears of the spread of new Covid strain 'Omicron' looming large, two South African nationals have tested positive for the coronavirus, and their samples have been sent for further tests to ascertain about the variant, a top official said on Saturday.
Naidu claimed that the previous YSRCP government did not even spare Sri Venkateswara temple and used substandard ingredients and animal fat for making laddus.
The SC asked why was there a need to make a public statement when a probe had already been ordered into the matter.
The complaint came days after a Mumbai resident claimed to have found a piece of human finger in the ice cream he had ordered online.
A tiny dead snake was allegedly found in a packet distributed under the mid-day meal scheme meant for children aged between six months and three years at an anganwadi or a government-run nursery school in western Maharashtra's Sangli district, prompting the authorities to launch a probe.
