India's 10-year bilateral contract with Iran for the operation of Chabahar Port is likely to bring in an investment of approximately $370 million. This comprises a direct investment of $120 million from India for infrastructure development and a $250 million line of credit to Iran, Business Standard has learnt. With the $120 million committed for port development, India is set to procure advanced equipment, such as rail-mounted quay cranes, rubber-tyred gantry cranes (also known as transtainers), reach stackers, and forklifts.
Sometimes in politics the best becomes the enemy of good, the prime minister said.
From its lows over the past month, the stock of footwear major Campus Activewear gained 13 per cent to Rs 280.4 a share. The gains came on the back of better than expected operating profit margins in Q4, reduction of debt and expectations of market share improvement. The company expects volume growth, which has thus far missed expectations, to recover going ahead on the back of multiple triggers.
Tomar said the union leaders kept insisting on repeal of the three farm laws, but the government side tried to explain them the benefits of the Acts and sought to know specific problems faced by the farmers.
'India has a skill shortage of 56%.' 'This is a very interesting paradox -- the unemployment rate is 6% to 7%, and at the same time 20% of those qualified are unemployed.'
India has urged caution and consensus-building among Nepal's political parties so that the nation does not get further sucked into political uncertainty due to the events in the past few days, with the latest being the resignation of Prime Minister Pushpa Kamal Dahal (Prachanda) after President Ram Baran Yadav asked Army chief General R Katawal to stay on despite Prachanda's move to replace General Katawal.
Will Modi 3.0 also see theaterisation of India's armed forces?
The government on Monday said that it was working towards a consensus on the issue of nominating a candidate for the Presidential polls expected to be held in July this year.
The paper said that the taxation proposal needs to be accompanied by explicit redistributive policies to support the poor, lower castes, and middle classes.
In retrospect, it appeared that the bitterness of the war was still strong and the Ukrainian success in occupying Russian territory just a few days ago had added to the complexity of the situation. The positive US response to the visit, however, remains a silver lining in the dark clouds, notes Ambassador T P Sreenivasan.
The Congress on Monday backed Prime Minister Manmohan Singh's insistence on a consensus to solve the issue of a separate Telangana state saying the vexed matter "cannot be decided in distress."
While most European countries are backing Lagarde, the developing countries are trying to build a consensus on nominating a person from the emerging nations as the next IMF chief.
The Communist Party of Nepal-Maoist, Nepali Congress, CPN-UML and Madhesi People's Rights Forum (MPRF) at a meeting held Monday night agreed in principle to form a coalition government under the leadership of former rebels, NC spokesman Arjun Narsingh Khatri Chhetri said.
The crucial unified headquarters meeting that had been convened in J&K winter capital Jammu on Wednesday evening to discuss partial removal of the Armed Forces Special Powers Act (AFSPA) ended without any consensus.
"I don't rule out the possibility of finding a consensus. It depends upon what steps the government takes. After all, it is not a one-issue or a one-party government but a coalition," said CPI General Secretary A B Bardhan. Bardhan accused the United States of rushing its high officials and diplomats to India to "pressurise the government and the BJP" to go ahead with the deal. "Some times there are allurements, sometime threats and sometime blackmail," Bardhan said
Former Jammu and Kashmir chief minister Mufti Mohammad Sayeed has stated that there is a need for evolving a general consensus among various political parties at the national level to resolve the Kashmir issue. Mufti said, "Strengthening of democratic institutions and emergence of a strong civil society is a good sign and the country has to respond to the prevailing positive atmosphere in the region'.
Seeking a political consensus on labour reforms, Deputy Prime Minister L K Advani said on Tuesday that education, health and national security would have to be given enhanced priority to meet growing economic challenges.\n\n\n\n
The UPA government had been under tremendous pressure for not even listing the Women's Reservation Bill during the current session of Parliament.
'We should be mindful that the religious minority community in one country is the majority in another (and) so treatment of the minority community in our respective countries will be an important variable in our relationship'
Sharma's letter comes at a time the Congress has intensified its demand for a nationwide caste census and promised to carry out the exercise if elected to power in the Lok Sabha elections.
'It's not a short tournament, it's quite a long tournament, but by saying that, you would prefer to get off to a good start than get off to a slow start. We have still got 12 games to play.'
Jailed former Pakistan prime minister Imran Khan has invoked the case of Delhi Chief Minister Arvind Kejriwal getting bail to campaign ahead of India's general elections, as he complained before the Supreme Court about the mistreatment meted to him in jail.
As many as 267 of 453 companies from the BSE500 index are trading above their consensus price targets, according to the data compiled by Bloomberg. Not all companies in the BSE500 index are tracked by analysts.
Leaders of a number of opposition parties on Tuesday met twice after which they decided to put up a united fight for the post.
It is only the Indian approach of holding on to multiple realities and contradictory ideas simultaneously that is likely to deliver peace and progress. Binary logic is out of sync with reality, notes R Jagannathan.
The Congress has "consensus" over the leadership of Rahul Gandhi as its prime ministerial candidate, a party spokesperson said on Monday amid speculation that he may be anointed as the party nominee at the All India Congress Committee meeting being held in New Delhi on January 17.
Smaller players manufacturing electric two-wheelers (E2Ws) are unlikely to raise prices of their models initially in 2024 in order to ensure volumes do not drop. The prices of E2Ws range from Rs 90,000 to Rs 1 lakh, the players being Lohia Auto, Godawari Electric, Emobi, etc. As India's E2W sector gears up to go past one million in 2024, manufacturers are likely to maintain price stability, underpinned by strategic independence from subsidies under Faster Adoption and Manufacturing of Electric (and Hybrid) Vehicles II (FAME II), localisation efforts, sustainability initiatives, and a focus on affordability.
The world, he said, needs to move towards a transparent and flexible market for both oil and gas.
Madhabi Puri Buch, the first female chairperson of Sebi, doesn't plan to rest on her laurels in her third and final year in office and has set out an ambitious goal, such as moving towards a same-day and instantaneous settlement cycle for the secondary market.
Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth, which is estimated to be around 8 per cent in the current financial year. CII president Sanjiv Puri said a lot of policy interventions in the past have put the economy on "a much stronger wicket". "The growth rate is poised to touch 8 per cent during the current year, marking the fourth consecutive year of above 7 per cent + growth.
S&P Global Ratings on Friday said it will watch the fiscal numbers for the next 1-2 years, besides pro-growth policies of the new government, before deciding on India's sovereign rating upgrade. S&P, which earlier this week upgraded India's outlook to positive while retaining the sovereign rating at BBB-, expects the new government to continue with pro-growth policies, infrastructure investment and commitment to fiscal consolidation.
In the coming assembly election, negotiations over seat-sharing will be as important as actual outreach to voters.
Good results for the January-March quarter (Q4) of FY24 and strong seasonal demand have led to strong investor interest in Crompton Greaves (CG) Consumer Electricals which is hitting new highs. While there's bullish consensus on the company's future performance, the stock has gained over 40 per cent in the last six months and valuations may become stretched. The Q4FY24 revenue rose 9.5 per cent YoY to Rs 1,960 crore.
'Historically, the markets tend to perform well during election years as governments aim to increase spending and call attention to growth.'
Prime Minister Narendra Modi led-NDA government in its third term must tackle the problem of unemployment in the country, especially in the unorganised sector and in small and medium enterprises, former NITI Aayog Vice Chairman Rajiv Kumar said on Monday. Kumar also emphasised that the government now must finalise the four labour codes as it has been delayed beyond expectations. "We must recognise that post-COVID economic recovery has been a K-shaped recovery.
The L-G will take decisions on police, officers of all-India services such as the IAS and the IPS, and giving sanction for prosecution in various cases.
The matter pertained to an estranged couple fighting over their daughter's name.
China has signalled that it will prevent India from assuming leadership of the Global South, observes Ambassador T P Sreenivasan.
Former Australia opener Matthew Hayden also wants Kohli to bat as much as possible in the powerplay.
FSN E-Commerce Ventures (Nykaa) hosted its annual investor day recently. The responses were positive from analysts. Although some analysts pared FY25 and FY26 estimates, the bulk continued to issue 'buy' calls after the stock rose 2.5 per cent. The management expects the Beauty & Personal Care (BPC) business to grow at a 25 per cent compound annual growth rate (CAGR) during FY24-28.
