Hotel companies, which have experienced substantial share price gains in the past six months, are not only expected to post robust revenue growth in the seasonally weak July-September quarter (second quarter, or Q2) of 2023-24 (FY24), with the trend continuing in the second half (H2) of FY24, but according to some analysts, they will also benefit from a structural uptrend in progress. To begin with, larger players in the listed hotel sector are expected to report strong growth in Q2 compared to the year-ago quarter. Led by higher demand from the business segment, the sector is expected to achieve a growth rate of 15-30 per cent.
The BJP's outreach to Paswan, son of late stalwart Dalit leader Ram Vilas Paswan, underscores its push to bring him back into the NDA's fold after he walked out of the alliance in Bihar in the 2020 state assembly polls to campaign against Chief Minister Nitish Kumar, who was then the BJP's biggest ally.
India head coach Igor Stimac feels this may be the final season of talismanic striker Sunil Chhetri's career.
It was only a matter of hours before I would be declared persona non grata; all my work would turn to ashes, and I would be revealed as a typical untrustworthy Indian. I steeled myself for the axe to fall.
The bench said that in its opinion the reasoning given by the high court is faulty on both facts and law.
Artist Santosh Kambli gives finishing touches to the Thailand Cha Raja idol of Lord Ganesh in Mumbai, July 19, 2022.
Youth unemployment (ages 15 to 29) is higher than the national average of 12.4 per cent in Telangana (14.2 per cent) and Rajasthan (13 per cent), followed by Chhattisgarh (6.7 per cent) and MP (6 per cent).
The gold plating of the sanctum sanctorum was done under the supervision of the experts of the Archaeological Survey of India (ASI), he said.
Eshwarappa, who recently announced his retirement from electoral politics, also shared a video of him talking to Modi in a phone call.
Emiliano Martinez said he had always wanted to come to India.
Readers tell us how they are celebrating the Tiranga on the 75th Independence Day.
Juggling marriage, motherhood and movies -- all in a day's work -- Kareena loves her job and hopes she'll never retire. So do we, as the actress turns 43 on September 21.
Rating agency Fitch on Tuesday downgraded the US government's top credit rating to AA+ from AAA, citing fiscal deterioration over the next three years and repeated debt ceiling negotiations. The development caused a flutter across equity markets, with most leading frontline global equity indices trading weak. Back home, the S&P BSE Sensex and the Nifty50 lost over 1 per cent each in intra-day deals to hit a low of 65,751.53 and 19,517.55 levels, respectively.
For a long time, Viswanathan Anand was the lone flag-bearer of Indian chess, taking the world by storm with his exploits.
The Army jawans were killed in their sleep in the firing which took place in their barracks early Wednesday morning.
"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.
A week after assuming power in Karnataka, the Congress on Friday released the list of 24 legislators who will be sworn-in as ministers to fill up all the vacant ministerial positions.
Accompanied by his son Santosh Suman, Manjhi met Shah at his residence in New Delhi.
Days after a railway travel ticket examiner (TTE) was held for allegedly urinating on a passenger on a train bound from Kolkata to Amritsar, another TTE has been accused of allegedly misbehaving with a female passenger when she was leaving from Krishnarajapuram station in Bengaluru.
An unofficial and brutal justice system exists parallel to the official one, and it executes many times more of the accused than the official one executes convicts, points out Aakar Patel.
The police have arrested Siddhesh Hiraman Kamble, alias Mahakal, in connection with the killing of popular singer and Congress leader Sidhu Moosewala in Punjab last month, an official said on Wednesday.
Speaking to reporters after meeting the family, he said, as MLA of the locality, Arvind Limbavali is said to have tried to settle things.
Announcement of macroeconmic data such as industrial production and inflation, the US Federal Reserve's interest rate decision along with trends in global equities would dictate movement in the stock market this week, analysts said. Besides, foreign fund trading activity would also guide the trends in equities. "All eyes are now on the US Fed policy outcome for cues, which is scheduled on June 14. In the following sessions, the European Central Bank (ECB) and Bank of Japan (BoJ) will also announce their policy decisions.
Stock markets would be largely driven by macroeconomic data, auto sales numbers, FII inflows and global trends this week, analysts said. The US debt ceiling negotiations and institutional flows will also be watched by investors. "This week, market participants will closely monitor institutional flows, as there is a historical observation that when both FIIs and DIIs become net buyers simultaneously, there is a likelihood of some profit-booking in the market," said Santosh Meena, head of research, Swastika Investmart Ltd.
The Chhattisgarh police has arrested two people in connection with a Rs 20-crore burglary from a jewellery store in Delhi earlier this week and recovered around 18.5 kg of gold and diamond ornaments from them, a senior official said on Friday, even as the probe suggested involvement of only one person in the incident.
After being freed on Saturday, the labourers narrated their ordeal saying they were made to work 12 hours daily, not paid any money for the work, provided food just once a day and forced to answer nature's call in the well itself where they worked.
The government on Thursday tweaked curbs on imports of laptops and computers as it allowed importers to bring in shipments of IT hardware from overseas on a mere 'authorisation' upon detailing quantity and value. The new 'import management system' is aimed at monitoring shipments of laptops, tablets and computers into the country without hurting market supply or creating a cumbersome licensing regime. The announcement is likely to provide relief to companies in the IT hardware segment in India as they had flagged concerns over the imposition of a strict licensing regime for importers.
In a video that surfaced online, senior priest Santosh Trivedi alleged that the temple's sanctum sanctorum has been covered with brass plates in the name of gold plating, claiming it is a 'Rs 125 crore scam'.
The decline in exports is mainly on account of poor demand in India's key destinations -- the Europe and the US -- and it may take some more months for the situation to improve. The demand scenario is "not looking very good as far as Europe is concerned, and the US also we have seen a decline in demand. "For the next 2-3 months, I think the demand scenario does not look very optimistic," DGFT (Director General of Foreign Trade) Santosh Kumar Sarangi told reporters.
The National Stock Exchange (NSE) will shift the expiry of Bank Nifty derivatives contracts from Thursday to Friday, after smaller rival BSE did so earlier. The change, effective July 7, will apply to both weekly and monthly futures and options (F&O) contracts of the widely traded banking sector index. The first Friday expiry will be on July 14, 2023. NSE dominates the derivatives segment.
Rediff readers tell us how they are celebrating Ganeshotsav this year.
Things are heating up in the OTT space this June, especially with Jio Cinema going full throttle with their release plans.
Karnataka Rural Development and Panchayat Raj (RDPR) Minister K S Eshwarappa, against whom police have booked a case for allegedly abetting the suicide of contractor Santosh Patil, on Friday submitted his resignation to Chief Minister Basavaraj Bommai.
On his 50th birthday on May 25, Sukanya Verma celebrates the man and his movies.
The group claimed that its members only burnt photocopies of pages allegedly carrying "objectionable comments on women and Dalits" in the Ramcharitmanas.
The Karnataka government can have 34 ministers. Ten of them, including Chief Minister Siddaramaiah and his deputy D K Shivakumar, were sworn in on May 20.
He said the truth will come out from the investigation and asked the opposition Congress, which is demanding Eshwarappa's arrest, not to become investigators, prosecutors and judges themselves.
Exports to India's key markets - the US, the United Arab Emirates, China, Singapore, Bangladesh and Germany - witnessed a sharp decline, resulting in a 12.69 per cent contraction in outbound shipments during the first month of the current financial year, commerce department data showed. India's biggest export market - the US - with 17 per cent share witnessed 17.16 per cent contraction at $5.9 billion in April. This was followed by the United Arab Emirates (UAE) that saw 22.09 per cent decline at $2.23 billion exports.
Royal tragedies, loony vampires, nuclear disasters, scoop hunters becoming the story, all that and more on OTT this week.
By the time, Mumbaikar gets to where it wants to be via a twisty third act, we begin to see how much better the film could have been. But it's almost too little, too late, complains Mayur Sanap.
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