'The market should maintain optimism on the back of range-bound oil prices, a robust fiscal balance sheet, a better-than-expected monsoon, and moderating inflation.'
After a stellar run on the bourses that saw tractor stocks rise up to 52 per cent, analysts are turning cautious on the sector as muted demand trends may weigh in the near-term. Total volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak with VST Tillers, Escorts Kubota, and M&M seeing declines of 21 per cent, 5 per cent, and 3 per cent year-on-year (Y-o-Y), respectively, during the period, amid patchy rainfall, delayed crop harvest, and lower reservoir level. Across industry, total domestic sales volume so far in the current financial year (April '23 to January '24) has declined 5 per cent Y-o-Y, as per Tractor Manufacturers Association (TMA).
Struggling to gain political traction on issues of corruption, the West Bengal Bharatiya Janata Party is shifting its focus to emotive topics such as the Ram Temple in Ayodhya and the Citizenship Amendment Act (CAA) in a bid to achieve its target of securing 35 out of the 42 Lok Sabha seats from the state.
rediffGURU Sunil Lala answers your personal finance-related queries.
BJP derided Gandhi saying he "always talks trash" and claimed that unemployment was at its lowest in the last six years.
Shares of public sector enterprises have corrected by up to 22 per cent month-to-date until March 19, 2024. Analysts attribute this steep fall to the valuation exuberance seen after a sharp run in these counters last year and suggest investors remain selective regarding the stocks in this space. "The rally in public sector undertaking (PSU) stocks has been stretched and sharp, although it is somewhat justified by improvements seen in earnings, operations, balance sheets, and overall profitability.
At the heart of Paytm's slide lies the abject failure of its Super App strategy, notes Indrajit Gupta.
Senior bankers point out that while they will eventually attract qualified professionals, onboarding them takes time.
'The khaps have taken a decision that on May 28, a mahapanchayat will be held under the leadership of women and youth near the new Parliament building. We've taken the decision because this is a fight for the integrity and respect of the womenfolk.'
Ollie Pope embodied England's 'Bazball' making a 196 filled with sweeps, reverse sweeps and reverse scoops during the first Test, and India head coach Rahul Dravid admitted they will have to counter the unorthodox approach to make a comeback into the series.
India is one of the few countries in the region that enjoys good relations with both Israel and Saudi Arabia, and IMEC would allow it to recreate the old Spice Route to Europe. All this is in jeopardy now, notes Rajeev Srinivasan.
The 18-year-old also created history as he surpassed the legendary Viswanathan Anand to take the No 1 spot among Indian chess players in the live ratings.
New Delhi and Beijing are the only two regional capitals that have commented on US President Donald Trump's speech on August 21 outlining the way forward in Afghanistan. The Indian foreign ministry statement was effusive in praise, while the Chinese statement has been one of cautious and guarded hope. Delhi has identified itself with Trump's Afghan strategy, whereas the Chinese stance is calibrated -- observant and objective, keeping a distance, says Ambassador M K Bhadrakumar.
Singapore Airlines (SIA) is engaged in confidential talks with Tata Sons for merging Vistara with Air India, the flagship carrier of the Republic of Singapore informed the stock exchange in the Southeast Asian nation on Thursday in a first acknowledgement of a possible integration of the two airlines. "In line with its multi-hub strategy, SIA is currently in confidential discussions with the Tatas to explore a potential transaction in relation to the securities of Vistara and Air India. "The discussions seek to deepen the existing partnership between SIA and Tatas and may include a potential integration of Vistara and Air India," SIA said in a notification to the Singapore stock exchange. SIA owns 49 per cent stake in Vistara and is among the four airlines run by Tata Group.
Jyothi Yarraji opened India's gold medal account in the Asian Athletics Championships
The elections will begin on April 19 followed by subsequent phases on April 26, May 7, May 13, May 20, May 25 and June 1.
The men with guns tend to know little finance, and establishing such a conspiracy then involves leakage of information, which is also dangerous, Ajay Shah points out.
Franklin Templeton Asset Management (India) on Tuesday said it strongly disagrees with the findings in Sebi's order in the case of winding of six debt schemes in 2020 and has decided to challenge the direction in Securities Appellate Tribunal (SAT).
'We should build a military with the capability to fight today's war on priority -- balancing it with the requirements of the future,' says Lieutenant General Anil Chait, one of the Indian Army's most cerebral thinkers who recently retired as chief of the Integrated Defence Staff, in his agenda for the new defence minister.
The Indian Junior Women's Hockey Team emerged Champions of the Women's Junior Asia Cup 2023 held in Kakamigahara.
The slowdown in private consumption in the economy is taking a toll on the growth of fast-moving consumer goods (FMCG). The net sales growth of listed FMCG companies hit a 14-quarter low of 2.5 per cent in October-December 2023 (Q3FY24). This is the lowest revenue growth for the industry since the June 2020 quarter, when the FMCG firms in the Business Standard sample had reported a 13.2 per cent Y-o-Y decline in combined net sales owing to the lockdown.
India and China recently held a fresh round of high-level military talks to resolve the border row that witnessed both sides agreeing to maintain "peace and tranquillity" on the ground but there was no indication of any breakthrough.
Delegates of all G20 countries, barring China, arrived in Srinagar on Monday for the third working group meeting on tourism -- a much-anticipated event for which authorities have made extensive security arrangements and spruced up the summer capital of Jammu and Kashmir.
Speaking about the issue in India in March 2012 at a media conclave, Kissinger defended his use of unparliamentary language while referring to Prime Minister Indira Gandhi.
'Rohit is undoubtedly skilled, yet a surge in aggression is essential.'
Layoffs, corporate restructuring, governance and most importantly profitability: The 14 Indian startups that plan IPOs this year are pulling out all the stops to ensure successful market debuts.
"I am sure that the attempts to stall development and throttle democracy at gunpoint will not be successful ever," the home minister said at the meeting, being held two weeks after 25 paramilitary personnel were killed by a band of Maoists in Chhattisgarh.
'Historically, equities have consistently outperformed debt, gold, property, and other assets over a reasonable period.'
Solicitor General Tushar Mehta, the Centre's key counsel in defending the abrogation of Article 370 of the Constitution, said on Monday the Supreme Court verdict upholding the government's August 5, 2019, decision will go down in history as the one that corrected a "Himalayan constitutional blunder" of gigantic proportions.
India's historical focus on its continental borders has overshadowed its maritime ambitions, but that is changing quickly, notes Ajai Shukla.
'Higher valuation remains the only spoiler for equities.'
The Inter-Services Intelligence (ISI), which trained a batch of Assam's United Liberation Front of Asom (ULFA) militants in 1991-92, considered the rebel group's chief Paresh Baruah a prize catch and did not want to offend him even after he was unwilling to take the agency's commands on conducting operations in the northeastern state, claims a new book.
'Huge disappointment that we did not qualify for our third consecutive Olympics'
Prime Minister Narendra Modi on Tuesday said a comprehensive global strategy and a resolve to isolate "those who harbour terrorists" was needed to fight terrorism that is changing in character and expanding its reach.
The number of frauds in the banking sector during the first half of the current financial year has increased substantially to 14,483 cases, although the amount involved is only 14.9 per cent of the previous year's amount, according to a RBI report. The report on Trend and Progress of Banking in India 2022-23, underlined the need to protect the banking system and the payments system from the risks of fraud and data breaches emanating from cyber threats. As many as 14,483 frauds were reported involving an amount of Rs 2,642 crore in the first half of current financial year, as compared to 5,396 cases (Rs 17,685 crore) in the same period a year ago.
'We suggest an equity strategy of 5% to 10% exposure to cash, 5% to Gold ETF, close to 50% to Sensex/Nifty/large mid-cap stocks.'
'However, we have seen weakness in our active pharmaceutical ingredients business.'
Rohit and Shubman Gill took charge of the South African new-ball bowler duo of Lungi Ngidi and Marco Jansen and unsettled their rhythm.
Terming India's proposal of "massive up-gradation" of defence infrastructure along the Sino-Indian border as "bold moves", Beijing has said it implied that New Delhi was "starting to treat China as a de facto competitor".
In the 15-year dataset, the researchers noted an average of 7.8 incursions per year even though the Indian government's estimates are much higher.
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