Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
The FMCG sector is generally considered to be a safe haven during difficult times as people never stop buying soap and toothpaste. However, weak rural and semi-urban demand has been a factor since the lockdowns of 2020-21 while rising inflation has also impacted margins. While the FMCG majors have survived on the basis of price hikes and good management practices, they have seen growth slowdowns and experienced margins being squeezed as raw materials and transport costs rose. The FMCG sector witnessed positive volume growth in the fourth quarter of the 2022-23 financial year (Q4FY23) after five consecutive quarters of decline, and the rebound in demand was led by urban markets.
India's external debt rose by 8.2 per cent year-on-year to $620.7 billion as of March 2022, which according to the finance ministry is sustainable. While 53.2 per cent of it was denominated in the US dollar, Indian rupee-denominated debt, estimated at 31.2 per cent, was the second largest, as per the status report on India's external debt released by the ministry. "India's external debt continues to be sustainable and prudently managed. As of end-March 2022, it stood at $620.7 billion, growing by 8.2 per cent over the level a year ago.
The Mahindra All India Talent Scholarship helps underprivileged students pursue a diploma course of their choice.
"Dialogue is the only solution to the ongoing crisis in Manipur," Shah said.
Says more than 120 who lost jobs have approached it; TCS says workforce optimisation leads to some involuntary attrition, nothing out of ordinary
Afrid Afroz, 21, who was adjudged best cadet at the NDA's 144th course, will join the Indian Air Force and hopes to be a fighter pilot.
On Wednesday, the TCS board approved an up to Rs 18,000 crore buyback offer entailing 4 crore shares at Rs 4,500 apiece. According to a postal ballot notice by the company, Tata Sons and TICL intend to participate in the buyback offer. Tata Sons, which holds about 266.91 crore shares, intends to tender 2.88 crore shares, while TICL (which holds 10,23,685 shares) intends to tender 11,055 shares, it added.
The government will start working on selling the ground-handling arm of erstwhile national carrier Air India and the Expression of Interest (EoI) is expected in the next fiscal, an official said. "We already have the Cabinet approval for selling the subsidiaries of Air India. "So we will come out with an EoI inviting bids for one of the ground-handling arms in the next fiscal," an official told PTI.
In a major relief to media major Zee Entertainment Enterprises Ltd (ZEEL), the National Company Law Appellate Tribunal (NCLAT) on Friday stayed the insolvency proceedings initiated against it earlier this week. Admitting a petition filed by ZEEL Managing Director and chief executive Punit Goenka, the appellate tribunal issued notices to private sector lender IndusInd bank and the interim resolution professional directing them to file a reply in two weeks. NCLAT said the submissions made by both sides need a detailed hearing.
The Eternal Gandhi Museum is the only Gandhi-related museum in the United States, dedicated to Gandhi, to preserve and promote his ever-lasting legacy of nonviolent conflict resolution.
President Droupadi Murmu on Wednesday approved 412 gallantry awards and other defence decorations to Armed Forces personnel and others on the eve of 74th Republic Day.
WhatsApp's advantage is that it is the first app millions of Indian check first thing in the morning and innumerable times during the day and night.
Over 68,000 Army soldiers, around 90 tanks and other weapon systems were airlifted by the Indian Air Force to eastern Ladakh from across the country for rapid deployment along the Line of Actual Control (LAC) after the deadly clashes in the Galwan Valley, top sources in defence and security establishment said.
West Asian carriers are up against Air India and IndiGo in the battle for seats on lucrative international routes.
According to the agency, several of the attached properties were registered in the name of shell companies and persons acting as proxies for Chatterjee.
How scrap material became a magnificent Rudra Veena... How children learnt about animals, the real way... How the BRO is strengthening India...
All Pakistani moves towards peace will be seen as tactical compromises, to be abandoned when the situation changes, observes Colonel Anil A Athale (retd).
Additional Solicitor General Anil Singh, appearing for the ED, sought time to file his affidavit.
The renaming of the stretch and other institutions is in line with the Centre's effort to remove any trace of colonial mindset, it has maintained.
Competition Commission has approved Tata Group's proposed acquisition of debt-laden Air India as well as its two subsidiaries. The Rs 18,000 crore-deal that includes the winning bidder Talace taking over Rs 15,300 crore-worth debt, is a major step in the government's efforts over the years to revive the ailing airline. Talace Pvt Ltd, a wholly-owned subsidiary of Tata Sons, emerged as the winning bidder in October.
Roy was allowed by the Supreme Court to use the jail's conference room to negotiate sale of his hotels in order to collect Rs 10,000 crore (Rs 100 billion) for his bail.
The Central Bureau of Investigation (CBI) on Monday questioned former Bihar chief minister Rabri Devi at her Patna residence and has issued notice to her husband and former railway minister Lalu Prasad Yadav in connection with the further probe in the land-for-jobs scam case, officials said.
The BSF commanders initially thought that the jawan was killed by a sniper shot from across the border.
The seizure, as per officials, is estimated to be worth over Rs 10 crore in the international market (about Rs 5K-7K per blot) and all the six who have been taken into custody, beginning late last month, are students and youngsters who wanted to make 'easy money' by remaining anonymous within the deep layers of secret internet-based apps and messenger service like WICKR.
'I am a lover of Hinduism, a lover of Jainism, Buddhism and other religions that were born in India, but we need to protect the rights of all people there. Whether they're Muslims, Hindus, Buddhists, Jews, Christians, Jains'
Extraordinary award-winning photographs from more than 20,000 images from all over the world.
'The prime minister is talking to his Chachaji and he is crying in the PM's lap, it was such an emotional scene.'
Tapan Kumar Deka, the "crisis man" who was put in charge of the counter-assaults during the 26/11 Mumbai attack, was on Friday appointed director of the Intelligence Bureau (IB) while the tenure of Samant Goel, who has been heading the Research and Analysis Wing (R&AW), has been extended by one more year.
Ravi Sinha is described as "highly tech-savvy", and credited with infusing modern technology in the field of intelligence collection.
Bhupendra Kumar Modi is the founder of $2-billion Spice Group.
After the horrific murder of a tailor in Udaipur sparked outrage in the entire state, the Rajasthan government on Tuesday announced the imposition of Section 144 of Code of Criminal Procedure (CrPC) in all the districts for the next one month.
President Ram Nath Kovind will stay at a private hotel in Shimla instead of the presidential retreat where he normally stays, during his visit beginning Thursday to Himachal Pradesh, where he will address a special session of the state assembly.
Wait for a while before he does another somersault... But one thing is reasonably certain -- the twice betrayed BJP may not embrace him again, predicts Virendra Kapoor.
A special meeting of the United Nations General Assembly will mark Nelson Mandela International Day on July 18, honouring the South African anti-apartheid leader's contributions to democracy, racial justice and reconciliation.
This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.
No longer a discretion of the tax administrator, the audit of returns filed by taxpayers is now based on a selection by algorithms, notes Tarun Bajaj.
The status of the current submarine force level is alarming and we need to address the threat perceptions expeditiously. Critical decisions pertaining to national security cannot be delayed any further due to the rapidly changing maritime threat perceptions and growing strategic importance of the Indian Ocean region, asserts Commodore Venugopal Menon (retd).
The Wedding Party will be performed in an elaborate Bollywood style, by 250 performers of all ages, from London, Birmingham, Leicester, Manchester, Southampton and Newcastle.
Musharraf, 79, was suffering from amyloidosis, a rare disease caused by a build-up of an abnormal protein called amyloid in organs and tissues throughout the body, The Express Tribune reported.
