India Inc's net profit as a percentage of the country's gross domestic product (GDP) is just shy of reaching 5 per cent, bolstered by strong earnings growth in the second quarter of 2023-24. Analysts interpret this as an indication that a corporate profit upcycle is in progress, with projections suggesting that this share could exceed 8 per cent within the next five years, driven by bullish earnings growth expectations. "We believe we are only halfway through a profit cycle, with the profit share in GDP rising from a low of 2 per cent in 2020 to about 5 per cent currently, and likely heading to 8 per cent in the coming four to five years. "This implies about 20 per cent compounding of earnings growth. "Underscoring this forecast is the start of a new private capex cycle, under-geared balance sheets, a healthy banking system, lower corporate tax rates, improving terms of trade, and structural consumption demand outlook albeit somewhat offset by likely consolidation in government deficit," said Ridham Desai, managing director, head of research, Morgan Stanley India in a note.
'I find his sense of history astounding, not just history of film, but of life in general.' Another fascinating excerpt from Sangeeta Datta's book Shyam Benegal.
Foreign portfolio investors (FPIs) withdrew Rs 14,790 crore ($1.8 billion) from financial stocks in the first half of August, driven by global risk aversion sparked by US recession fears. Additional factors contributing to the decline in banking stocks included subdued earnings growth in the June quarter, concerns about slowing deposit growth, and stricter liquidity norms imposed by the Reserve Bank of India.
'He is one of the most down-to-earth and hardworking guys I know, and that's true of all superstars, including Bachchan sahab.'
Tim Southee, once half of the most feared new-ball partnership in the game, brought down the curtain on a glittering 16-year Test career after New Zealand crushed England for a consolation win in Hamilton on Tuesday.
Akash Deep reveals how Virat Kohli offered him one of his bats -- a bat that scripted a rare happy memory during India's otherwise devastating tour of Australia.
Nissanka had featured in a 41-run opening partnership with Dimuth Karunaratne, who scored 20 before being undone by a rising delivery from Kagiso Rabada that forced an edge behind to wicketkeeper Kyle Verreynne.
'After Pather Panchali, she became a housewife. She hated the spotlight. That was so strange and yet so admirable.'
'This is about history and history is important.' 'It is the history of my ancestors, my parents, my grandfather, my chacha...'
Ambuja Cements' announcement that it would acquire Hyderabad-based Penna Cement Industries could be the Adani Group company's first step for wider inorganic expansion, according to analysts.
'Tennis is a sport where you may enjoy watching more than playing. But pickleball flips that -- once you get the bug, you want to play more than watch.'
Despatch just goes on and on, sighs Mayur Sanap.
'...just be neutral about everything.' 'I will just take life as it comes.'
From Tetley Tea to Jaguar Land Rover and Air India, Ratan Tata has ticked off almost every item on his bucket list. However, one that remains unfinished is the electric version of his small car, the Tata Nano. A concept entrusted to Coimbatore-based Jayem Automotives (Jayem Auto) is still on the shelves, despite nearly 400 cars being launched, primarily due to Covid-19 and new crash norms.
Iron ore mining major NMDC's results for the April-June quarter (Q1) of FY25 were better than estimates. Weak volumes were balanced off by higher realisations, better average selling price (ASP) and lower royalties which boosted bottomline. The revenue was in line with estimates at Rs 5,400 crore, flat year-on-year (Y-o-Y) and down 17 per cent quarter-on-quarter (Q-o-Q).
Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks. In India, domestic fundamentals such as steel consumption remain robust, hence one can take fresh positions in these counters," said Amit Dixit, an analyst at ICICI Securities.
In about a fortnight, Vistara - known for its premium service - will take off on its final flight before merging into the legacy of Air India. Set for November 12, the merger has sparked discussions on how these two distinct brands will blend.
Breaking was dropped from the Olympic programme for the 2028 Games in Los Angeles. Gunn said she would not consider coming out of retirement if the dance-sport returned to the Games.
Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks.
There was more to him than he let on, asserts Aditi Phadnis.
No. 6 seed Yuan Yue came back from down 3-0 in the second set to win the last six games of the match and defeat former world No. 1 Simona Halep on Monday in the opening round of the Hong Kong Open.
'So there was some good fight there and they got some rewards late in the day. So yeah, I think both teams will be pleased with their efforts.'
The trader not only predicted a Trump win but also wagered on Trump's success in both the popular vote and several key swing states.
The VBL board approved the purchase of SBC Tanzania for Rs 1,304 crore and SBC Beverages Ghana for Rs 127 crore. These own manufacturing/distribution rights for NARTD (PepsiCo branded) beverages in Tanzania and Ghana. The acquisitions will help VBL gain ground in East and West Africa.
Gukesh, Liren eye breakthrough after series of draws in the Chess World C'ship.
Young striker Sangita Kumari scored a brace as defending champions India defeated Malaysia 4-0 to open their campaign at the women's Asian Champions Trophy hockey tournament on a confident note in Rajgir, Bihar on Monday.
'Each of us will have a beautiful story to tell about him because he went beyond work and touched our lives. That's a rarity in this industry.'
The World Chess Championship remained deadlocked as the 10th game between Indian challenger D. Gukesh and defending champion Ding Liren of China ended in yet another draw on Saturday in Singapore.
The 18-year-old Gukesh is the youngest ever challenger for the crown and had won the third game on Wednesday.
During the September quarter (Q2FY25), Hindustan Zinc's (HZL's) revenue was reported at Rs 8,300 crore (up 22 per cent year-on-year or Y-o-Y, and 2 per cent quarter-on-quarter or Q-o-Q), marginally above consensus. Operating profit stood at Rs 4,100 crore (up 31 per cent Y-o-Y and 5 per cent Q-o-Q), also a small beat. The operating profit margin was 50 per cent, up from 48.5 per cent in Q1FY25.
'In Mumbai, isolation is a very different isolation.' 'It's not about actual physical loneliness.' 'It's the loneliness in the company of others, and I felt that that is a very Mumbai thing.' 'You can be travelling in the ladies compartment squashed against everybody's armpits and still be really, really sad and alone.'
For India's current head coach, the Test series defeat against New Zealand at home, a first in 12 years and after 18 victories on the trot, would be a bitter pill to swallow.
The fourth edition of the Red Sea International Film Festival saw Bollywood folk add a lot of glamour in Jeddah, Saudi Arabia.
China's Ding Liren stormed back in fine fashion with a victory against Gukesh Dommaraju in Game 12 of the World Chess Championship 2024 to level the match at 6-6.
The drawn match left both the players on an identical tally of 4.5 points each, still shy of 3 points in order to win the championship.
A second-half double from Antoine Griezmann earned Atletico Madrid a stunning 4-3 comeback home win over Sevilla in LaLiga on Sunday.
'He's got a pretty good record against Indian batsmen (123 wickets in 28 Tests versus India).' 'In India too he has a great record (56 wickets in 11 Tests in India), that is a pretty good record against a country that traditionally plays spin very well.'
Former England captain Alastair Cook believes at the "precise moment in time" the in-form Joe Root is only matched by New Zealand's Kane Williamson.
Uddhav Thackeray, who played the bold gambit of taking on the ally Bharatiya Janata Party in 2019 and forged an unlikely alliance with the Congress and the Nationalist Congress Party, was on Saturday left struggling to make sense of his party's rout in the Maharashtra assembly elections.
Drivers watched in amusement as the monitor lizard, a familiar sight in Singapore, reacted to the chase with a sudden burst of speed after sauntering onto the circuit shortly after the start of the daylight session.
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