The government said on Wednesday a consensus was needed quickly to pass a business-friendly land reform law
Big, listed FMCG (fast-moving consumer goods) companies such as Hindustan Unilever, ITC, Nestl, and Britannia have been top-performing stocks on the bourses in recent weeks. The Nifty FMCG index, which tracks the share prices of the country's top 15 listed FMCG companies, is up 1.9 per cent month-to-date in May compared to a 2.4 per cent decline in the benchmark Nifty 50 in the period.
The market could not make a clear assessment of Tech Mahindra with the stock swinging wildly in the last two sessions. The results on Thursday were expected to be weak but the stock dropped slightly. However, investors reviewed the three-year turnaround plan and decided the stock had been oversold and the price recovered 7.5 per cent.
The Nationalist Congress Party is livid as Shivtare continues to criticise Pawar, whose wife Sunetra is likely to contest from the Baramati Lok Sabha seat, even after meeting Shinde in Mumbai recently.
Marico's January-March quarter (Q4) results were slightly better than consensus. Revenue was up by 1.7 per cent year-on-year (Y-o-Y) to Rs 2,280 crore. Ebitda grew by 12.5 per cent Y-o-Y to Rs 440 crore. Adjusted PAT was up 10.3 per cent Y-o-Y to Rs 320 crore.
He alleged that the MVA allies were refusing to consider the factor of Maratha activist Manoj Jarange.
Consensus continued to elude the Women's Reservation Bill which is unlikely to see the light of the day during the current session of Parliament.
Interacting with representatives from NGOs, Congress leader Rahul Gandhi on Monday asked opposition parties to fix a date to help government pass bills on which there is general consensus.
The Indian National Developmental Inclusive Alliance (INDIA) will get a 'decisive mandate' in the Lok Sabha polls and may take even less than 48 hours to decide on its prime ministerial pick, Congress leader Jairam Ramesh said on Thursday, asserting that it stands to reason that the party which gets the maximum seats in the alliance will be a 'natural claimant' for its leadership.
Against the backdrop of riots in Muzzafarnagar, Minorities Affairs Minister K Rahman Khan on Wednesday said the Centre would try to build consensus among political parties to get the Anti-riot Bill passed in Parliament.
Consensus eluded the Parliamentary panel on Lokpal on the issue of including the prime minister within the ambit of the ombudsman with a majority opposing the suggestion, saying it could lead to complications while some others favoured it with riders.
Consensus emerged on the appointment of Congress president Mallikarjun Kharge as the chairperson of the opposition Indian National Developmental Inclusive Alliance (INDIA), while Janata Dal-United chief Nitish Kumar's name was proposed for the convener's post, pending approval of parties absent at the alliance meeting on Saturday, according to sources.
Both the Congress and AAP are part of the 16-party United Opposition Forum, Assam, formed to contest the general elections together, but a rift had emerged with members of the forum announcing candidates against each other in various constituencies of the state.
Union Law Minister Arjun Ram Meghwal on Wednesday moved the women's reservation bill for passage in the Lok Sabha, saying it is a very important bill and urging members to pass it with unanimity.
Mahindra & Mahindra (M&M) reported very strong results for the January-March quarter of the last financial year (Q4FY24), beating consensus comfortably. The margins of the automobile business improved 170 basis points (bps) year-on-year (Y-o-Y) to 8.8 per cent, while FES (Farm Equipment Sector) margins improved to 15.8 per cent (up 60 bps Y-o-Y), despite a decline in volumes due to cost optimisation and lower raw material costs.
'The moment a new election comes, new guarantees are announced.' 'The BJP is adept at diverting people's attention.'
Six decades and more later, we are now captives of our identities. Every poll is based on elaborate calculations of electability of candidates on the basis of their castes and other narrow definers. That, along with voter promiscuity, is what defines our political culture, which remains stubbornly resistant to any change, asserts Shreekant Sambrani.
Calls have grown for Babar to be removed from 50-over captaincy following the shocking eight-wicket loss to Afghanistan in Chennai.
The stock of Mahindra & Mahindra (M&M) has been touching successive all-time highs on the bourses and, over the past year, gained 81 per cent. While the S&P BSE Auto Index has not performed poorly, registering gains of 73 per cent, it still trails the company by 800 basis points (bps) during this period. There are multiple reasons why investors are beating a path to M&M's counter.
There is a growing unease among Lok Sabha ticket aspirants in the Shiv Sena amid its decision to drop three sitting MPs and the ongoing seat-sharing talks between the Mahayuti partners, party sources said.
The two major parties offer the United States choices that are basically unacceptable and the bench strength, such as it is, is not entirely capable of winning popular acclaim, notes Shreekant Sambrani.
The AAP will run a signature campaign from December 1 to 20 to get people's feedback on whether Arvind Kejriwal should resign as Delhi chief minister if he is arrested under a 'conspiracy by the Bharatiya Janata Party', the party's city convener Gopal Rai said Thursday.
The biggest challenge will be to convert his regime into a coalition of minds. But given the fact that he is instinctively an authoritarian leader and supporter of the hard Hindutva line, the survival of his government will depend on his ability to balance between his heart and mind, between instinct and pragmatism, asserts Nilanjan Mukhopadhyay, author of Narendra Modi: The Man, The Times.
FMCG major Britannia Industries' results for the January-March quarter (Q4) of the financial year 2023-24 (FY24) were received enthusiastically by the market with the share going up by 6.7 per cent on Monday to close at Rs 5,061.60 on the BSE. However, analysts said the results were in line with margins, and disappointing in terms of revenue growth. The consolidated net sales (excluding other operating income) rose 3 per cent year-on-year (Y-o-Y) to Rs 4,010 crore in Q4.
In an apparent reference to the Left parties' opposition to the Indo-US nuclear deal, National Security Adviser M K Narayanan on Wednesday said the lack of consensus on the issue was hampering efforts to become a part of nuclear mainstream and needed an early resolution. He said opposition to the nuclear deal within the country is driven by 'considerations' other than the factors like non-proliferation cited by some members of the international community.
Beleaguered Egyptian President Mohammed Morsi on Wednesday refused to quit and offered a consensus government to end a standoff with the powerful military, as the 48-hour deadline for him to meet people's demands expired with both sides pledging to sacrifice their lives to defend the country.
The government will seek the "broadest possible consensus" within the country to enable the next steps to be taken on the Indo-US nuclear deal, Prime Minister Manmohan Singh said in the Lok Sabha on Wednesday. "We are presently engaged in negotiations with the International Atomic Energy Agency for an India-specific safeguards agreement," the prime minister said. ". I believe that such co-operation is good for us, for our energy security and for the world," he said.
The Biju Janata Dal will not oppose the government simply for the sake of opposing it, BJD Member of Parliament Bhratruhari Mahtab tells Aditi Phadnis.
He will be around for another crack at the elections, and a clear majority, predicts Saisuresh Sivaswamy.
As the country faces the possibility of a fractured mandate after the 2014 general elections, Planning Commission Deputy Chairman Montek Singh Ahluwalia is of the view that in an era of coalition governments, special steps are needed to build consensus around policies or else, India will not be able to grow at its full potential.
There is no impediment to normal operations as Tata Motors puts in place the demerger process of its commercial and passenger vehicles businesses. Instead, the demerger would provide greater manoeuvrability for both new entities to operate independently, according to Tata Motors management. While there may not be immediate value unlocking, it will give investors clarity about future growth and the financials across different segments.
Public sector banks (PSBs) have delivered significant outperformance over the past three years and the sector has been re-rated. Given the growth and profitability expectations of an 18 per cent return on equity (RoE) over FY24-26, there is still a case for buying at the current levels. While the net interest margins or NIMs may remain range-bound or have a downward bias, there's optimism about possibly better opex ratios and lower non-performing assets (NPAs), plus scope for further credit cost reduction, and healthy treasury performances as interest rates trend down.
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
At a meeting with the prime minister, Leader of Opposition Sonia Gandhi insisted that Congress president suggested the government consult other political parties before taking any decision on the issue.
In the first high-level bilateral engagement after the installation of the NDA government, India on Thursday assured Bangladesh that efforts were on to evolve a national consensus on the contentious Teesta river water sharing deal even as it announced easing of visa norms for certain categories of visitors from Bangladesh.
CPI-M General Secretary Prakash Karat admitted that differences did exist between the allies and said, "We are trying to reach a consensus."
The proposed changes making it easier for government and businesses to buy farm land are now likely to be implemented by states, not by the central government
His five-year rule saw the Babri Masjid demolition, the rise of the saffron forces and also the country being placed firmly on a new economic path, away from the Nehru years of public sector socialism.
At a media briefing, French President Emmanuel Macron said the G20 leaders' declaration "confirms" Russia's isolation for its attack on Ukraine and that the bloc is committed to "just and lasting" peace in the war-torn country.
The New Delhi G20 Declaration refers only to the "war in Ukraine" and noted with "deep concern the immense human suffering and the adverse impact of wars and conflicts around the world."
