The rupee breached the 80-mark against the dollar on Tuesday. The steady depreciation in the value of the rupee against the US dollar is likely to prove expensive for corporate India. The listed companies' revenue expenses in foreign currency or imports exceed their export revenues or revenue earnings in forex. In their latest financial year, BSE500 companies, excluding banks and non-banking finance companies and insurance (BFSI), reported combined forex expenses of Rs 12.31 trillion against forex earnings of around Rs 10 trillion.
While the BJP and the Congress have always supported the bill, opposition by other parties and demands from some for quota for backward classes within the women's quota have been key sticking points.
Subhash K Jha doffs his hat to the musical genius R D Burman on his 30th death anniversary on January 4.
Former Prime Minister Manmohan Singh on Tuesday said the media needs to remain vigilant and flag shortcomings of the government with a view to improve the effectiveness of governance.
With this, the ruling BJP has so far declared candidates for 136 seats. Earlier, the BJP had announced 79 candidates, including two lists of 39 each, and another list of one nominee.
On his 90th birthday, Sukanya Verma highlights a fraction of the legend's marvelous versatility in this curated list of his 25 unique moods.
The polling will be held from 9 am to 1 pm while the counting of votes will begin at 3 pm the same day.
The polling was slated for March 5, March 7, March 9, March 12, March 14, March 16, March 18 and March 20.
Consumer stocks remain the biggest laggard on the bourses. The Nify50 weighting of FMCG stocks declined to a decade low of 9.9 per cent at the end of March this year, down 150 basis points from 11.4 per cent a year ago. At their peak in March 2013, major FMCG stocks, such as Hindustan Unilever, ITC, and Asian Paints, together accounted for 15 per cent of the Nifty50. But now together with automobile stocks, the consumer goods sector accounts for only 14.7 per cent of the index, down 200 basis points in the past 12 months and 37 per cent from the record high weighting of 23.4 per cent at the end of March 2014.
The rally in mid- and small-cap stocks has spilled over into the IT sector as well. Second and third-tier IT stocks, which historically traded at a discount to the big five IT companies, are now trading at nearly 25 per cent premium to their large-cap peers. The smaller IT companies have a price-to-earnings (P/E) multiple of nearly 38 times against the big five's current P/E multiple of around 31x.
The bench terms the "two-finger test" as a violation of a woman's dignity and privacy.
"Anybody fighting for an ideology and appealing to the voice of conscience cannot be a scapegoat. I am a fighter and I will fight and I am sure that many will join me in this fight," she said in response to a question whether she was being made a scapegoat in the presidential election.
Invitees to the 'pran pratishtha' consecration ceremony at the Ram temple started arriving Sunday in Ayodhya -- once a sleepy town now resplendent with new infrastructure and gripped by heightened religious fervour on the eve of a seminal event in India's political and religious history.
Karnataka Deputy Chief Minister D K Shivakumar on Tuesday said the state now is not in a position to release Cauvery river water to neighbouring Tamil Nadu, due to lack of rains in the river basin region.
Deepa Gahlot lists Hindi biopics about Indian political leaders: Some worked, some did not, but they managed to avoid controversy.
In a major reshuffle in Rajasthan, 32 Indian Police Service officers including Inspector General (IG) and Superintendent of Police (SP) of Udaipur, where a tailor was brutally killed, have been transferred, according to the state department of personnel.
So who cost the SP more seats in UP? Hemantkumar Shivsaran does a deep dive to find out.
In our special series re-visiting great Hindi film classics, Sukanya Verma looks back at Madhubala and Kishore Kumar's Half Ticket (1962).
The Supreme Court Collegium headed by Chief Justice of India N V Ramana has recommended to the Centre 15 names of judicial officers and advocates for appointment as judges in the high courts of Delhi, Patna, and Andhra Pradesh.
The stellar rise in corporate earnings in financial year 2021-22 (FY21) and FY22 did not result in a corresponding boom in capital expenditure (capex), with listed companies' investment in fixed assets rising just 2.3 per cent year-on-year (YoY) in FY22, growing at the slowest pace in the last six years. In comparison, the firms' combined net profit jumped 63.5 per cent YoY in FY22, while net sales increased 31.1 per cent - the fastest pace in over a decade. The 955 non-financial companies in Business Standard's sample reported combined net profit of Rs 7.18 trillion in FY22, compared with Rs 4.39 trillion in FY21 and Rs 2.59 trillion in FY20.
Railway Minister Suresh Prabhu on Monday ordered a probe into the freak accident at Churchgate Station in Mumbai wherein a local train crashed into the dead end, injuring five passengers and disrupting suburban services on the Western Railway line.
As India successfully lands Chandrayaan-3, does the moon look as beautiful as one's beloved or has the Chanda Mama of folk ditties acquired a whole new meaning?
The poll process for the second tier of the Panchayati Raj system will be completed by November 5, he said.
A group of miscreants pelted stones on the bus, resulting in head injury to a class 2 student.
The Supreme Court collegium has for the second time reiterated the names of two advocates -- Amitesh Banerjee and Sakya Sen -- for appointment as judges of the Calcutta high court "expeditiously", saying it was not open for the government to repeatedly send back the same proposal.
Dinesh Raheja doffs his hat to the movie legend, who will be honoured with the Dadasaheb Phalke Award this year.
Smaller stocks continue to shine at the bourses. The BSE MidCap index is up 18 per cent since the beginning of January this year against a 5 per cent rise in the Sensex during the period. With the current rally, the mid-cap index has doubled in value since the end of March 2020 against a 70 per cent rally in the Sensex during the period. On Tuesday, the mid-cap index closed at 21,232, as compared to 17,941 at the end of December 2020. In the same period, the benchmark index moved from 47,751 to 50,193.
Half a million Kannadigas across the state simultaneously sang three songs at iconic tourist attractions as part of the Karnataka government's Kannada Rajyotsava celebrations.
Historically, Tata Steel has always been among the biggest companies in the group in terms of m-cap, revenue, and profit but its fortunes began to decline after 2010 due to a sharp decline in the profitability of its European operations that it had acquired in 2007. The company was hit by a sharp rise in its debt level after this acquisition. First, it lost out to Tata Motors in terms of revenue in FY11 and then in March 2015, Titan beat it to become the third-biggest firm in the group in terms of m-cap. In FY20, TCS reported higher revenue and Tata Steel had become the third biggest company in that terms.
With the monsoon sweeping across many parts of India, Subhash K Jha picks 5 of his favourite romantic rain songs.
Union Finance Minister Nirmala Sitharaman, former chief minister B S Yediyurappa, IT industry veteran N R Narayana Murthy along with wife Sudha Murty, and Mysuru royal family member 'Rajamate' Pramoda Devi Wadiyar, were among the early voters who cast their ballot in the Karnataka Assembly polls.
The composer had gems to his credit in his long career.
The train, which was coming in at a high speed rammed into the dead end at the terminal. The train's half of the first coach went through the platform.
Sukanya Verma presents a playlist of 100 Lata Mangeshkar songs from different decades of Hindi films -- songs that make me sing, smile, sob and sigh.
After outperforming the broader market and their public sector peers for the better part of the post-Lehman period, private sector banks - such as HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank - are now underperforming. Last week, the Nifty Private Bank index was up just 6 per cent year-to-date in the calendar year 2021, against nearly 13 per cent rally in the Bank Nifty and a 15 per cent rise in the benchmark Nifty50. Public sector (PSU) banks, such as State bank of India, Bank of Baroda, and Punjab National Bank, are now rally leaders and outperforming the broader market. The Nifty PSU Bank index was up 42 per cent since the beginning of this calendar year. But on a longer term, the Nifty Private Bank index is up 101 per cent since March 2016, against a 118 per cent rally in the Bank Nifty and just 2 per cent rise in the Nifty PSU Bank index in the period.
Bidyasagar Behera used to sell newspapers for a living. But that did not stop him from pursuing his education.
Sukanya Verma salutes most beloved Rishi Kapoor melodies.
Congress reached out to Samajwadi Party Supremo Mulayam Singh Yadav for his support for passage of the Food Security Bill which is expected to be introduced in the Lok Sabha on Tuesday coinciding with the birth anniversary of Rajiv Gandhi.
The apex court will have to re-constitute a five-judge bench to hear the pleas after Dussehra vacation as the ex-CJI Ramana and Justice R Subhash Reddy, who were part of the five-judge bench which had heard the pleas, have retired.
Mukesh was most emotionally bonded to this tune, so all we will do is look at his songs engaging with this raag in films. In his fascinating book, Windows To The Soul: And Other Essays on Music, Manek Premchand reveals something we don't much know about the legendary singer, who was born 100 years ago on July 22.
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