What we have in the Congress is a useful glue to hold a non-cultural, unified Opposition together. That is the sacrifice the Congress must be willing to live with if showing the BJP the door is what the collective Opposition wants, observes Shyam G Menon.
Prime Minister Narendra Modi's decision to open commercial coal mining to private players is a key step towards bringing order to the country's chaotic power industry and ending the chronic blackouts that impede its economic rise.
Combined profit before tax of 81 firms down 37.5% y-o-y, worst show in at least 3 years.
Support from the committee gives Xi an indefinite extension on the reins of power, which will surely result in hawkish and insular policies. It does not bode well for relations with the USA, or with anyone else who does not bow the knee to Beijing, for that matter.
IPL franchise Chennai Super Kings moved the Madras High Court challenging the order of Justice Lodha Committee suspending it from Indian Premier League over the 2013 betting scam involving its top official Gurunath Meiyappan.
The Reserve Bank on Friday retained the GDP forecast for the current financial year at 9.5 per cent and flagged global semiconductor shortages, elevated commodity prices and potential global financial market volatility as downside risks to economic growth. In his address after the three-day meeting of the rate-setting panel, RBI Governor Shaktikanta Das said recovery in aggregate demand gathered pace in August-September, and it is reflected in high-frequency indicators, like railway freight traffic; port cargo; cement production; electricity demand; e-way bills; GST and toll collections. "The ebbing of infections, together with improving consumer confidence, has been supporting private consumption," he said, and added the pent-up demand and the festival season should give further fillip to urban demand in the second half of the financial year.
The return of private investment now struggles with lack of funds and election-driven uncertainty.
Titan is investing heavily on research and development, which will do things beyond a smart watch can do today such as switching off lights, locking, and unlocking doors and making payments. Titan is also working closely with start-ups, too, to develop such futuristic features.
According to the Icra report, earnings before interest, tax, depreciation and amortisation margin of its sample declined by 44 basis points on a YoY basis and 23 basis points on a quarter-on-quarter basis to 16.6 per cent.
Housing sector to benefit from Budget.
According to insiders, the induction of Jai Anshul would coincide with the birthday of the late patriarch of Reliance group, Dhirubhai Ambani, in the last week of December.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
Bilateral trade between India and Japan stood at $16.31 billion by the end of fiscal 2013-14.
However, a prolonged and intense second wave that curtails oxygen supply to industries for a longer-than-expected period will exacerbate downside risk in affected sectors
'India's sizeable forex reserves should help stem a possible fall in our currency.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The Indian operation of the Swiss food group employs more than 5,000.
Too many thorny issues, parent Holcim will take up matter later.
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
'There is still scope for selective stockpicking.'
Premium valuations and lack of big triggers will weigh on Indian equity markets in the near term, believes Mahesh Nandurkar, India Strategist, CLSA.
The company's stock price has appreciated at a compound annual growth rate of 18.3 per cent, the lowest among all industry peers.
Automobiles, banks, pharma and software firms growth drivers slowdown in cap goods, construction, power.
Corporate India's earnings in the past two quarters were largely driven by the rupee's sharp fall versus the dollar in the second quarter of this financial year.
Axis Bank was the top laggard in the Sensex pack, plunging more than 5 per cent, followed by HDFC, Bajaj Finance, ICICI Bank, Tata Steel, Bajaj Auto, HDFC Bank and IndusInd Bank. On the other hand, M&M, Infosys, Asian Paints, UltraTech Cement and Tech Mahindra were among the gainers.
Budget in the medium term aims to kick-start the investment cycle.
Over the past four quarters, the Sensex companies' earnings trajectory has improved sharply because of a weak rupee.
The cumulative m-cap of the companies listed on the BSE soared to a new peak of Rs 82,02,907 crore at 1200 hours.
UltraTech said its board will meet on Tuesday to consider a proposal from Samruddhi Cement to merge the cement business of group with itself.
During the 2009 edition of Vibrant Gujarat, Binani Cement had signed a MoU to set up a 2.5 mtpa cement plant and a ditto was signed during the on-going annual event of the state for attracting fresh investment.
Power and money are at the heart of the sordid story -- and it isn't over yet.
27 large listed firms give double-digit hikes to top executives despite a decline in net profit.
In 2007-08, companies had raised Rs 87,029 crore by selling shares to public.
Refusing to speak about Mahendra Singh Dhoni's role in his company, India Cements, Narayanaswami Srinivasan, the Board of Control for Cricket in India's president-in-exile, made it clear that India's captain would not be asked to resign despite questions about conflict of interest being raised against him.
'One can start accumulating economy driven stocks in the next few months with a two-three year view.'
Vagir is part of the six Kalvari-class submarines being built in India.
Hike in planned public-sector capital expenditure will be credit-positive for infra cos
As many as 20 central public sector enterprises and their units are at various stages of strategic disinvestment, while six are being considered for closure or are under litigation, Minister of State for Finance Anurag Singh Thakur said on Monday.
Among the lot, Rallis India, Escorts, Jubilant Life Sciences, and Crisil added half of the total gains made in the ace stock-picker's portfolio.
Since UK referendum outcome to exit European Union last Friday, 32 companies have hit record highs.
