Sharp differences have emerged within the government over the performance of power equipment manufacturer BHEL and the need for setting up another state-owned supplier to meet the electricity shortfall.
Government currently holds 67.72 per cent equity in BHEL.
Bajaj Auto, BHEL, Infosys, ITC and RIL are among the 12 listed Indian companies which have figured in the latest list of 'Fabulous 50' of prestigious international magazine Forbes Asia.
'The aim is also to probe how the ministry and testing agencies made negligence in examining these OEMs, so that such negligence is avoided in the future.'
On Govinda's 60th birthday on December 21, Subhash K Jha looks back at his top 10 songs.
BHEL officials had inspected the site in Singur earlier this month where the state government proposed to set up a 1600 MW mega power plant as a joint venture. Railway minister Mamata Banerjee had last week said the Railways would set up a rail coach factory in the site jointly with the state government or under a PPP model.
Bharat Heavy Electricals Ltd, the country's largest power equipment manufacturer, is hopeful of getting orders worth Rs 55,000 crore within the financial year ending March 2010.
Gaurav Deepak has raised funds for about 100 new-age entrepreneurs.
Take this quiz to get the skinny on calories in your favourite junk food: chaat.
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Bharat Heavy Electricals Ltd has bagged a Rs 2,125 crore (Rs 21.25 billion) worth contract from National Thermal Power Corp for setting up Stage-III of the 1,000 mw Vindhyanchal Super Thermal Power Station in Madhya Pradesh.
Sustained buying in heavyweights like L&T, Reliance and ICICI Bank and power scrips (BHEL, NTPC and REL) saw the index zoom to a high of 17,838 - an intra-day gain of nearly 890 points - towards the closing bell. The NSE Nifty finished with a gain of 273 points (5.5%) at 5,202.
The NSE Nifty moved up 74 points at 4,524. The market breadth was positive - out of 2,716 stocks traded, 1,830 advanced, 809 declined, and 77 were unchanged. The index finally ended with a gain of 296 points at 15,185.
Mahesh Londhe, son of a Pune bhel vendor cleared CA in first attempt. Londhe, who was sponsored by Thermax CEO MS Unnikrishnan, now wants to take up a corporate job in a manufacturing firm
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The Sensex opened 31 points higher at 17,404. Though it went a bit higher to 17,414, the higher levels could not be sustained. The index slipped into the negative zone, losing 143 points. It finally ended with a loss of 34 points at 17,339. The NSE Nifty shed 8 points to end at 5,135.50. Bhel was the biggest Sensex loser, declining 4.12%. TCS was the biggest gainer in the index, up 3%. Reliance Capital topped the value chart with a turnover of Rs 240.15 crore.
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The AAP on Wednesday last had posted a video story on 'X' featuring industrialist Gautam Adani and Prime Minister Modi. The next day, the party posted a picture of Adani and Modi, and alleged that the prime minister works for the industrialist and not the people.
Nath said talking about "mandir-masjid" will not generate employment.
Gandhi claimed that Dalits, tribals, and Other Backward Classes were made bonded labourers and their participation was lacking in big companies, hospitals, schools, colleges and courts.
The joint venture agreement is likely to be signed before the end of the current year and once that is done, tendering for the plant and machinery will follow, he said, adding this might take place before the end of the current fiscal.
Capital goods companies are likely to report double-digit growth in sales and profit for the first quarter of the 2023-24 financial year (Q1FY24), according to analysts. The performance will ride on lower raw-material costs and healthy execution of orders. Sales by capital goods companies are likely to increase 13-20 per cent year-on-year (YoY), five domestic brokerage firms said.
India Inc could be embarking upon a new phase of capital expenditure (capex) cycle, observed analysts, and suggest its revival would lead to a rerating of industrial stocks. Assisted by a property upcycle, analysts at Jefferies said several government initiatives were likely to drive capex. Indicators, they said, include a private project announcement at Rs 25 trillion for 2022-23 (up 150 per cent from pre-pandemic levels) and credit growth at about 16 per cent, which is closer to pre-pandemic highs.
The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.
A number of private companies have contributed to the development of ISRO's Chandrayaan-3 spacecraft which successfully landed near the south pole of the Moon on Wednesday evening.
Domestic quarterly earnings, global trends and foreign fund trading activity would dictate the movement in equity markets, which may face volatility amid the scheduled monthly derivatives expiry this week, analysts said. Equity markets took a breather last week. The BSE Sensex declined 298.22 points or 0.48 per cent and the Nifty dipped 111.4 points or 0.60 per cent.
The last year has seen public sector undertakings (PSUs) outperforming the Nifty50, albeit by a small degree. But PSU valuations are still, on average, less than half of private sector peers at price-to-equity or PE 8.7x for the Nifty PSU Index versus 20.9x for the Nifty50. There are several reasons for lower valuation.
Soon after her arrival at the Mumbai airport for attending the two-day meeting of the Indian National Developmental Inclusive Alliance (INDIA) on August 31 and September 1, Banerjee drove to Bachchan's residence 'Jalsa' in suburban Juhu.
Venkataraman Krishnamurthy, who is considered as the turnaround man of several Indian corporate houses like BHEL, Maruti Udyog, SAIL and Gail (India), passed away on Sunday at the age of 97. Krishnamurthy is considered as "the father of public sector undertakings in India" by many in India Inc. Born in the temple town of Tamil Nadu's Karuveli, he started his career as an airfield technician during the Second World War.
Chief Minister Shivraj Singh Chouhan apprised Prime Minister Narendra Modi, Defence Minister Rajnath Singh and Home Minister Amit Shah about the fire and sought assistance for dousing it, an official said.
BSE Power, Healthcare, Capital Goods, FMCG and Metal indices gained between 0.6-1%.
Operating margins for some companies dipped in Q3, 2021-22 but this sector could be nearing the bottom of the cycle in terms of profits.
India's sourcing from China may not necessarily be for cost-effectiveness alone but also for the lack of domestic qualified bidders, technology or other know-how.
Whoever thought an Australian chef would represent India so beautifully in the MasterChef kitchen?
The engineering and construction (E&C) sector delivered an excellent performance in the last two financial years (FY2021-22 or FY22 and FY23's nine-months) and there's reason to believe that FY24 will also see outperformance. The sector has emerged from the pandemic with stronger balance sheets and more rational cost structures. It has a big order book and it should see new order flows accelerate in FY24.
Bharat Heavy Electricals Ltd and EPC contractor Skodaexport joined hands for setting up power generation, transmission and transportation projects outside India.
A recent survey discovered that Bengaluru has some of the classiest high streets in our country.
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