Dabur's performance in the July-September quarter of the current financial year (Q2FY25) was weak but in line with consensus. Consolidated revenue declined 5 per cent year-on-year (Y-o-Y) due to a temporary adjustment in General Trade (GT) inventory. Indian revenue declined 7.6 per cent, while international business grew 13 per cent Y-o-Y in constant currency (CC) terms.
A NCP source said his party is claiming Aurangabad, Pune, Yavatmal from the Congress quota since it was "better placed to win".
The name of Devendra Fadnavis has been finalised as the new chief minister of Maharashtra who will be elected as the legislature party leader in a meeting to be held either on December 2 or 3, a senior Bharatiya Janata Party leader said on Sunday night.
Maharashtra's outgoing Chief Minister Eknath Shinde on Sunday said the Bharatiya Janata Party will decide on the new CM and assured his full support while ruling out differences among Mahayuti allies over the government formation.
Although a one-off tax provision negatively impacted the bottom line, HDFC Asset Management Company (HDFC AMC) posted an excellent operational performance in Q2FY25. The equity quarterly average assets under management (QAAUM) growth was 14.7 per cent quarter-on-quarter (Q-o-Q). And, equity AUM market share rose 50 basis points (bps) year-on-year (Y-o-Y) to 12.9 per cent.
Prior to the meeting of over 110 world leaders at the climate change conference, Singh is scheduled to meet with his Chinese counterpart Wen Jiabao in a bid to consolidate position of the developing countries for the plenary.
Tata Power's Q2FY25 reported results were above consensus despite challenges like low plant availability at Mundra and Odisha discom operations affected by rain. A positive development for the power major included module manufacturing hitting nearly 100 per cent capacity utilisation. The Board has approved an investment proposal for a 1GW pumped storage project (PSP).
The Republicans' call came against the backdrop of the climate gate scandal, wherein hackers gained access to documents of the climate research centre of the UK-based East Anglia University and leaked confidential data, including thousands of e-mails and documents between scientists in UK and US over the past 10 years which led to accusations that researchers had exaggerated the crisis.
Sunil Ambekar, RSS Akhil Bharatiya Prachar Pramukh, said caste and caste-relations were a "very sensitive issue" for the Hindu society and it is an important issue "for our national unity and integrity".
Jharkhand Mukti Morcha executive president Hemant Soren is set to return as chief minister of Jharkhand for the third time following consensus among legislators of the party-led alliance in the state, sources said on Wednesday.
Moody's Analytics said that the reduced political stability and the need for consensus building that is inherent with a coalition government, might erode investor confidence in the near term.
Sources familiar with the developments say the growing consensus in the committee set up to find a successor to chairman Ratan Tata is that an internal candidate should be the preferred option.
Prime Minister Narendra Modi will pay a three-day visit to the United States beginning September 21 to attend the annual Quad Summit and address the 'Summit of the Future' at the United Nations General Assembly.
'Don't be surprised if the Census forms come with a caste box.' 'I will be surprised if it doesn't. It will be a point conceded to Rahul Gandhi and his allies,' asserts Shekhar Gupta. The BJP machine could take all 3 in its stride, but this election has changed that, notes Shekhar Gupta.
The minister is on a two-day visit to Russia for India-Russia Business Dialogue, held under the umbrella of the St Petersburg International Economic Forum 2012.
Bypolls will be held on Wednesday in 31 assembly seats spread across 10 states and Kerala's Wayanad Lok Sabha constituency, from where Congress general secretary Priyanka Gandhi Vadra is making her electoral debut. Though these bye-elections are not going to have any bearing on the governments, they are seen as a big test for the Congress and the INDIA bloc which failed to put up a united show in the recent Haryana assembly polls. Most of these seats fell vacant after the sitting MLAs contested the Lok Sabha elections and won while in some constituencies, the bypolls are being held due to death of the representatives. The Wayanad seat was vacated by Rahul Gandhi, who also won from the Rae Bareli parliamentary constituency which he kept. Voting will be held in seven seats in Rajasthan, six in West Bengal, five in Assam, four seats in Bihar, three in Karnataka, two seats in Madhya Pradesh, and one seat each in Chhattisgarh, Gujarat, Kerala and Meghalaya. Votes will be counted on November 23.
Maha Vikas Aghadi constituents -- the Congress, the Shiv Sena-Uddhav Balasaheb Thackeray, and the Nationalist Congress Party-Sharadchandra Pawar -- are still struggling to resolve internal differences over certain seats and fix an agreeable formula for the assembly polls even though the deadline for filing nominations is closing on October 29.
'Investors should consider small and midcaps only if they can handle volatility and have a longer investment horizon.'
TVS Motor Company met expectations in terms of revenue and posted a strong margin performance in Q1FY25. The key drivers were material cost savings and a better mix. The domestic demand outlook looks good with a rural rebound but geopolitical uncertainties in key export markets may dent overall growth.
UPA presidential nominee Pranab Mukherjee on said a large number of non-UPA parties have extended support to him and this reflects a broad consensus on his candidature for the top Constitutional post.
Many who track the ministry and the technology sector closely believe that the space won't see much impact on the policymaking side, but the gestation time for regulations might get long, as now there could be a wider consensus-building exercise on policy matters under a coalition government.
National Democratic Alliance nominee Om Birla was elected as Lok Sabha speaker on Wednesday after a motion moved by Prime Minister Narendra Modi was adopted through voice vote, capping intense debate on the issue with the opposition in a rare move proposing its own candidate.
PM Modi went to New York this time not to engage in polemics, but to find solutions to global problems. He made some progress on several matters, even on reform of the UN Security Council, when the US made a major concession for the first time that six permanent members without veto, including India, could be considered
Anil Patel, the secretary of Gujarat Cricket Association and Rohan Jaitley, son of late Arun Jaitley and the president of the Delhi and District Cricket Association are the two names in running to take over as BCCI secretary.
Some political parties are not willing to accept the constitutional amendment bill seeking 33 per cent reservation for women in the Lok Sabha and state assemblies in its present form.
Personnel of the Border Security Force and the Border Guard Bangladesh continued discussions on the third day of the annual coordination conference here, they said.
India on Saturday pulled off a big diplomatic win after the G20 summit adopted a consensus declaration overcoming major differences on the Russia-Ukraine war.
State-run Indian Oil Corporation (IOCL) reported a weak performance in the fourth quarter of FY24 (January-March 2024), and the turmoil in the energy market indicates it could endure another lacklustre quarter. The oil marketing company (OMC) reported an Ebitda of Rs 10,400 crore, down 27 per cent year-on-year (Y-o-Y) due to weak reported gross refining margin (GRM) of $8.4 per barrel in Q4FY24, which was almost half the consensus expectation of $15 per barrel.
Head of the United Nations International Labour Organisation has told the International Monetary Fund and the World Bank to join hands to combat global economic crisis. He said a multilateral consensus, on a wide range of issues ranging from widening income gaps to climate change bringing together rich and poor countries, employers and employees, is needed. IMF forecasts have projected that global growth could drop below the point that is equivalent to a global recession.
Investors' wealth eroded by Rs 9.51 lakh crore on Monday morning, following a crash in equity markets where the benchmark Sensex tanked over 2,400 points, mirroring a sharp plunge in global peers. The 30-share BSE benchmark tanked 2,401.49 points to 78,580.46 in early trade. Following the sharp decline in equities, the market capitalisation of BSE-listed firms dropped by Rs 9,51,771.37 crore to Rs 4,47,65,174.76 crore ($5.35 trillion) during the morning trade.
Commerce and Industry Minister Kamal Nath has said that a broad political consensus was necessary on the deal. Nath pointed out that it was because of this consensus that economic reforms have continued despite changes in governments and prime ministers. He said that it needs to be looked more as an energy deal rather than nuclear deal. To ease the tight power situation, he said India is looking for clean coal technology as also alternative sources of energy.
Economic Affairs Secretary R Gopalan, who retains charge of financial services, has shown an ability to grasp ground realities in pushing critical reforms.
'The expeditious enactment of labour codes and strategic measures to bridge the skills jobs gap are critical.'
Management commentary on demand environment, and forward guidance will be in focus when Indian IT services players declare their September quarter results for financial year 2024-25 (Q2FY25). The industry is exepected to have continued on the path of recovery in Q2, similar to the preceding quarter, rather than sprint towards growth. The top four firms likely grew between 0 per cent and 4 per cent year-on-year (Y-o-Y), according to consensus estimates.
The asset quality of microfinance portfolios worsened in the quarter ending June 2024 due to the impact of heatwaves on borrowers' incomes and collections, coupled with rumours of loan waivers, according to Sa-Dhan. Jiji Mammen, executive director and chief executive officer of Sa-Dhan, said loans with 90+ days past due (dpd) rose to 1.2 per cent in June 2024, compared to 0.9 per cent in June 2023. The 90+ dpd also increased from 1.16 per cent in March 2024.
In 2019, an all-party meeting was held in Delhi and it was attended by 19 political parties to discuss critical reforms in governance. One of the subjects of the discussions was simultaneous elections
Jaishankar said that both sides also exchanged views on the next steps in the India-China bilateral ties.
The proposed first constitutional amendment bill would deal with making provisions for holding Lok Sabha and state legislative assembly elections together.
Release of key macroeconomic numbers, monthly derivatives expiry, and global cues are likely to drive stock market movement this week, according to analysts. Markets will also be reacting to remarks made by the US Federal Reserve Chair Jerome Powell, they said. "This week, we expect the market to witness a gradual up-move with stock-specific action.
The Bharatiya Janata Party on Tuesday expressed its keenness in getting the Women's Reservation Bill passed in Lok Sabha after a consensus is evolved on the issue and not by use of marshals as was done in the Rajya Sabha last year.
