Ending days of suspense, the Congress on Thursday announced Siddaramaiah as the next chief minister of Karnataka and D K Shivakumar as his only deputy in the soon-to-formed cabinet.
Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups.
InterGlobe Aviation, the operator of India's leading airline IndiGo, delivered a better than expected performance across most parameters in Q2FY24. The company posted its fourth consecutive quarter of net profit of Rs 188 crore. It had reported a loss of Rs 1,583 crore in the same quarter a year ago.
Sources claimed 48-year-old Soren was "evasive" in his replies during his questioning and hence was taken into custody under the Prevention of Money Laundering Act.
India's dream to be in the forefront of international politics has come true. India has placed itself firmly as a major player in the shaping of a new world order, observes Ambassador T P Sreenivasan.
The S&P BSE Sensex and the Nifty50 have hit record highs amid the poll outcome-triggered bull frenzy at the bourses. Most analysts feel that the indices are on course to rise further over the next few months - till the general elections - albeit amid intermittent corrections - largely triggered by global developments. Bharatiya Janata Party's (BJP's) win in the three state elections of Madhya Pradesh (MP), Rajasthan and Chhattisgarh, analysts at Jefferies believe, reinforces the consensus expectations of a Modi win 2024 national elections with a greater likelihood of over 300 seats for the BJP.
The Pakistan Cricket Board on Thursday held a review meeting of their woeful Asia Cup show in the wake of their World Cup squad announcement.
The original suggestion was to call it 'Indian National Democratic Inclusive Alliance', but the word 'democratic' was replaced with 'developmental' after Kumar and Yechury raised some objections saying it sounded too similar to the ruling National Democratic Alliance (NDA), sources said.
The Assam government wants to ban polygamy as "a component of the Uniform Civil Code" and will form a committee to examine whether the state legislature was empowered to prohibit the practice prevalent in parts of the state, Chief Minister Himanta Biswa Sarma said on Tuesday.
Addressing the Inter-State Council meeting, convened after a gap of 10 years, the Prime Minister told the chief ministers that "we should focus on how we can make our country prepared to counter challenges to our internal security".
'The succesfully conduct of the global event would have filled the Indians with pride'
'AI may perform tasks, but deep expertise and specialisation remain uniquely human.'
The stock has gained over 10 per cent in the last month but it could still have an upside, with valuations between Rs 5,200 and Rs 5,700 from several analysts and strong 'buy' consensus.
India's role as a leader of the global south may require it to give up its ambition to serve as a bridge between the warring halves of the international community, points out Mihir S Sharma.
The impending merger between Housing Development Finance Corporation (HDFC) with HDFC Bank may create challenges for large-cap fund managers, most of whom are already grappling to match the returns generated by their benchmarks. The combined weight following the merger in the benchmark Sensex and Nifty 50 indices is likely to be much higher than permissible limits for active mutual fund (MF) schemes. This could have a bearing on the performance of large-cap funds if HDFC Bank shares outperform the markets, as the schemes will be forced to remain underweight on the stock to adhere to the single-stock cap.
Tharoor on Friday called Kharge, 80, a "candidate of continuity", an apparent reference to the impression in some quarters that the Karnataka leader is the choice of the Gandhis.
A step away from nuclear weapons being used in conflicts, warns Colonel Anil A Athale (retd).
There have been growing global concerns over China's sweeping claims of sovereignty over all of the South China Sea, a huge source of hydrocarbons.
The opposition Congress has decided to support the bandh in protest against the ruling Bharatiya Janata Party's 'failure' to control the situation in the north-eastern state, a party spokesperson said on Saturday.
As the Opposition held its first meeting on the Presidential polls and names of Farooq Abdullah and Gopalkrishna Gandhi also cropped up, the ruling Bharatiya Janata Party reached out to several parties across the political spectrum to build a consensus choice with senior party leader and Defence Minister Rajnath Singh speaking to Sharad Pawar, Mallikarjun Kharge (Congress), Mamata Banerjee (Trinamool Congress), Akhilesh Yadav (Samajwadi Party) and Naveen Patnaik (Biju Janata Dal).
Despite multiple headwinds at the start of 2023, the Indian markets delivered a strong performance, posting 19-20 per cent growth for the year. Even as new records were set, investor sentiment remains strong going into 2024, given the lower inflation, expectations of steady to lower interest rates, higher economic growth, and strong inflows. However, the overriding concern for most brokerages is valuations.
False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
According to a senior Congress leader, the constituents of the opposition alliance intend to move forward with the theme "Main Nahin, Hum (We, Not Me)" at the meeting.
The discussion will be about setting up various coordination committees, he said.
At a brief ceremony, Indonesian President Joko Widodo handed over the G20 presidency to Prime Minister Modi at the conclusion of the two-day G20 Summit in Bali.
Reliance Industries may report a muted performance for the April-June quarter of FY24, with most brokerages expecting it to have witnessed a year-on-year (YoY) and quarter-on-quarter (QoQ) contraction in revenue and net profit during the period because of a poor showing by its oil-to-chemicals (O2C) division. The O2C division, which includes refining and petrochemical businesses, accounts for a little over half of RIL's revenue and profit. A muted showing by RIL in the first quarter of 2023-24 may weigh on the overall corporate earnings, as well as the equity markets.
In a dazzling resurgence, foreign investors have graced the Indian equity markets with an influx of nearly Rs 1.5 lakh crore in 2023, fuelled by optimism over the country's resilient economic fundamentals amid shadows of a gloomy global scenario. Experts believe that the positive trend may continue in 2024. This follows Indian equities witnessing the worst-ever net outflow of Rs 1.21 lakh crore by FPIs in 2022 on aggressive rate hikes by the central banks globally after net inflows for three consecutive years.
The Indian markets have seen a good run in the last three months with the S&P BSE Sensex rising around 7 per cent and the Nifty50 moving up 7.5 per cent. The next leg of the market rally from here on, analysts suggest, will be driven by a growth in corporate earnings over the next few quarters. That said, they do not expect material / sharp downgrades to India Inc's earnings estimates despite headwinds for the economy.
The resolution recognised the contribution of sports in creating an atmosphere of tolerance and understanding among peoples and nations, its role to prevent and counter terrorism and violent extremism and its contributions to building resilience against radicalisation to violence and terrorist recruitment.
The minister further said the Sri Lankan government is holding continuous interactions with the Tamil diaspora and people and leaders living in different parts of the world.
Modi told US lawmakers, "I can understand the debate of ideas and ideology. But I am delighted to see you come together today, to celebrate the bond between the world's two great democracies -- India and the United States.
Rijiju made the remarks while responding to Delhi Chief Minister Arvind Kejriwal, who dubbed as 'extremely dangerous' the government's move to ask the Supreme Court to include its nominees in collegium.
