The 2022-23 (FY23) January-March quarter performance of the country's largest listed paint companies was better than Street expectations. Asian Paints, Berger Paints, and Kansai Nerolac Paints (Kansai Nerolac) registered double-digit revenue growth, compared with the year-ago quarter, reinforced by strong volume/value growth. Falling raw material prices also helped the paint majors hoist their gross margins.
Infosys on Thursday posted a 13.4 per cent year-on-year increase in consolidated net profit at Rs 6,586 crore for the December quarter and the IT major raised its full year revenue guidance to 16-16.5 per cent. The net profit (after minority interest) stood at Rs 5,809 crore in the third quarter of FY22. The Bengaluru-based IT firm logged a 20 per cent year-on-year increase in consolidated revenue in the third quarter of the current fiscal at Rs 38,318 crore.
A strong 6.8 magnitude earthquake with the epicentre in Afghanistan shook Pakistan, killing at least 12 people and injuring nearly 250 others in both the countries, authorities said on Wednesday.
And one Saturday evening, under the Mumbai night sky, next to the Arabian Sea, with the 'God of Cricket' in attendance, Mumbai Indians were done in by the brilliance and resilience of Punjab Kings.
Pacer Matheesha Pathirana starred with the ball as Chennai Super Kings eased to an emphatic six-wicket victory against Mumbai Indians.
The "interfaith marriage-family coordination committee (state level)" will be headed by Maharashtra's women and child development minister Mangal Prabhat Lodha, said a government resolution.
PHOTOS of the IPL 2023 match between Lucknow Super Giants and Royal Challengers Bangalore at the Ekana Sports City in Lucknow on Monday.
Mumbai Indians will look to address their poor death over bowling when they take on a resurgent Gujarat Titans.
Sukanya Verma quizzes you to find out just how much you know about the movies.
Equity benchmarks started the first day of trade of the New Year on a positive note and ended with smart gains, propelled by buying in index majors Reliance Industries and ICICI Bank amid a firm trend in European markets. The 30-share BSE Sensex climbed 327.05 points or 0.54 per cent to settle at 61,167.79 on Monday. During the day, it jumped 382.05 points or 0.62 per cent to 61,222.79.
Leading automakers Maruti Suzuki India, Hyundai and Tata Motors reported a double-digit increase in dispatches to dealers in April as the demand remained robust especially for the sports utility vehicles. The country's largest car maker Maruti Suzuki India (MSI) said its domestic passenger vehicle wholesales rose 13 per cent to 137,320 units last month as against 121,995 units in April 2022. Sales of mini cars, comprising Alto and S-Presso, fell 18 per cent to 14,110 units as compared with 17,137 units a year ago.
IMAGES from the Indian Premier League match played between Mumbai Indians and Kolkata Knight Riders at Wankhede Stadium in Mumbai on Sunday.
Punjab Kings got back to winning ways with a 13-run victory over Mumbai Indians in a high-scoring IPL 2023 match.
The BJP welcomed the CBI move, claiming that it had been saying all along that Kejriwal was the 'mastermind of the liquor scam'.
Daniil Medvedev handed Novak Djokovic his first loss of the year, defeating the world no. 1 6-4, 6-4 in Dubai.
'BJP loses a democratic election, then buys MLAs from the ruling party's flock and rides to power in these states.' 'Do you think Atalji would have tolerated this?'
The government wants a collaborative model with a public-private partnership to fact-check social media content.
Brazil striker Neymar said he had feared the World Cup might be over for him after hobbling off in his first match in Qatar with a heavily swollen ankle.
Software major Tata Consultancy Services on Wednesday reported a 14.8 per cent rise in net income to Rs 11,392 crore for the fourth quarter of last fiscal against Rs 9,959 crore in the year-ago period. The country's largest technology services company by market value said its revenue rose 16.9 per cent to Rs 59,162 crore during the reporting season from Rs 50,591 crore a year ago.
Things are looking up for engineering firms and Siemens is likely to be one of the leading beneficiaries. Apart from the generic revival in activity, which is expected to continue through the 2023-24 financial year (FY24), the Budget has a strong infrastructure thrust, which works in Siemens' favour. The company reported a standalone Ebitda (earnings before interest, tax, depreciation and amortisation) of Rs 550 crore (up 66 per cent year-on-year or YoY) in Q1FY23 (Siemens follows the October-September accounting year).
IPL can be truly said to have come of age. It is now more Indian than ever before. Teams often fielded fewer than the four allowed foreign players. Indian batters and bowlers were simply better in performance, consistency and reliability, points out Shreekant Sambrani.
A decline in demand from six of India's top 10 import partners -- China, Saudi Arabia, Iraq, South Korea, Australia, and Singapore -- resulted in India's imports hitting a 17-month low of $50.6 billion in January, showed the data compiled by the department of commerce. Shipments from South Korea, Australia, and Singapore declined by 14.1 per cent, 26.7 per cent, and 9.8 per cent, respectively. Among the 10, growth in inbound shipment was seen only in the case of the United Arab Emirates (12.1 per cent), the US (27.4 per cent), Russia (297.4 per cent), and Indonesia (22.9 per cent).
Credit card spending dropped 11 per cent sequentially in November at Rs 1.15 trillion, but topped Rs 1 trillion for the ninth month straight, data from the Reserve Bank of India (RBI) showed as the festive season ends and consumption activity slows down. Year-on-year (YoY), spending was up 29 per cent. Card spends have consistently topped the Rs 1 trillion mark, led by the rising share of e-commerce transactions.
India's manufacturing sector activity rose to a 13-month high in December, supported by healthy inflows of new business and strong demand conditions, according to a monthly survey. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) stood at 57.8 in December, up from 55.7 in November, as business conditions improved to the greatest extent in over two years. The December PMI data pointed to an improvement in overall operating conditions for the 18th straight month.
Social activist Amit Koul, who was part of the delegation, said they have invited Gandhi to their Jagti township along the Jammu-Srinagar National Highway and that he is likely to visit the community on his way to Kashmir.
With just a month left in this financial year, electric two-wheeler sales, so far, are at just 62 per cent of the ambitious target of 1 million units set for 2022-23 by the NITI Aayog. According to VAHAN data, compiled by the Society of Manufacturers of Electric Vehicles (SMEV), 620,006 units of electric two-wheelers were sold across the country in FY23 until February 21. Though the industry may miss the 1-million target, sales in FY23 are already up 146 per cent from 249,621 units sold in FY22.
After a $110 billion rout in market value, embattled Adani group got some reprieve on Tuesday after shares of most of its listed firms rebounded on bourses and international rating agencies said there was no credit risk for lenders with exposure to the group. The group, which is in the midst of a political storm after US-based short-seller Hindenburg Research's adverse report dated January 24 triggered a meltdown in group stocks wiping out billions of dollars in market value, also had a mixed day with the quarterly results of four of its entities, particularly Adani Ports and Special Economic Zone reporting a 12.94 per cent decline in consolidated net profit to Rs 1,336.51 crore for the December quarter 2022. Shares of flagship firm Adani Enterprises settled nearly 15 per cent higher at Rs 1,802.50 apiece while shares of Adani Wilmar jumped 5 per cent to end at Rs 399.40 on BSE.
Milwaukee led by 18 in the third quarter before Philadelphia used a 23-9 run to tie the game at 108 mid-way through the final period.
Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million ($267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group following its takeover by Tata and merger with Vistara Airlines. The November 2022 deal between Singapore Airlines and Tata Sons to further inject $267 million into Air India is one of the key strategic initiatives for future growth mentioned in the quarterly financial report. This agreement is still subject to regulatory approval. SIA in the statement said, "The merged entity will be four to five times larger in scale compared to Vistara, with a strong presence in all key airline segments in India.
On July 13, Varsha Karia was injured in the bomb blast at Dadar Kabutarkhana. Since that evening, the King Edward Memorial Hospital has been her home. One month and 25 days later, she was finally discharged. Rediff.com's Abhishek Mande spent the last few hours at the hospital with her.
On July 13, Varsha Karia was injured in the bomb blast at Dadar Kabutarkhana. Since that evening, the King Edward Memorial Hospital has been her home. One month and 25 days later, she was finally discharged. Rediff.com's Abhishek Mande spent the last few hours at the hospital with her.
In the weeks before their next exam, stressed-out college students may wish to add walnuts to their daily diet.
Gandhi, who met a cross section of people from Jammu and Kashmir during his yatra, said J-K has the highest level of unemployment in the country.
Colleagues and friends attend a funeral ceremony for Ukrainian soldier and ballet dancer Vadym Khlupianets, who was recently killed by Russian troops, at the National Academic Operetta's Theatre in Kyiv.
The Congress said the foot march, being led by party leader Rahul Gandhi, will proceed according to its schedule and reach Jammu on Monday afternoon.
Reigning Paris Masters champion Novak Djokovic beat Stefanos Tsitsipas in a three-set epic on Saturday to set up a title clash with Holger Rune, who reached his first ATP Masters 1000 final after a comfortable win over Felix Auger-Aliassime.
The total number of classified documents found in the residences and private offices of Biden has now increased to nearly a dozen and a half. All documents, including from his term as vice president from 2009 to 2016, have now been taken into possession of federal agents.
Dembele was dropped by manager Xavi Hernandez amid his contract standoff with Barcelona before he returned to the team in February and finished the campaign with 32 appearances in all competitions.
Ride-hailing app Uber is selling off its entire holding in Indian food delivery company Zomato for at least $373 million (Rs 2,939 crore) through a block deal of shares, merchant banking sources said on Tuesday. The development comes on a day when the Zomato scrip witnessed a nearly 20 per cent surge to close at Rs 55.60 apiece on the BSE. The sources said the offer price range for the deal to be carried out on Wednesday will be between Rs 48-54 per share.
India's flagship motor show Auto Expo 2023 kicked off on Wednesday with the global unveiling of Suzuki Motor Corporation's concept electric SUV 'eVX' which is slated to hit the market by 2025. The company's Indian arm Maruti Suzuki India is among the major manufacturers participating in the show that has returned after three years. The Concept eVX is a mid-size electric SUV concept designed and developed by Suzuki Motor Corporation (SMC), Japan. It will be powered by a 60 kWh battery pack offering up to 550 km of driving range on single charge.
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