Ailing telecom operator Vodafone Idea has flagged the industry's "unsustainable financial duress" in its latest annual report and hoped that the government would provide the necessary support to address "all structural issues" faced by the sector. In the chairman's letter to shareholders, Himanshu Kapania cited persistent challenges in the operating environment, amid "unsustainable pricing" and "hyper-competition" during FY21. Kapania expressed hope that government will support efforts to generate reasonable returns on massive investments.
The unexpected interest rate hike by the RBI on Wednesday will have the banking system on average making a 10-15 bps gains on the yields, with private banks making larger gains as 57 per cent of their loans are linked to external benchmark rate and 40 per cent to the marginal cost of lending rates, as per a report. Stating that lenders and borrowers will face volatile times with the Reserve Bank raising the repo rate by 40 bps to 4.40 per cent and the cash reserve ratio (CRR) by 50 bps on May 4 in an off-cycle policy move, India Ratings said the market rates had already been moving higher before the move. The 364-day T-bills have moved up 120 bps and 10-year G-sec by 140 bps since May 2020, when the repo rate was cut to a record 4 per cent, which led to an expectation of a faster and sharper rise in interest rates in the system but the central bank stayed the course to support the fragile economy battered by the pandemic.
'Then select those that are well-aligned with your risk-return profile and investment time horizon.'
'You may see some movement indicating a simpler tax regime with less exemptions but with fewer tax rates making life simpler for taxpayers.'
Reading books will make you curious, build your imagination and nourish your brain into an organic super power.
Entertainment may be its raison d'etre but the tears brought about by cinema are no less significant.
Tanvi Sardesai, clinical psychologist at Masina Hospital, Mumbai, lists simple habits that will help you improve your overall mental health.
Pakistan Cricket Board (PCB) chairman Ehsan Mani is against the idea of someone from among the 'big three' nations of India, England and Australia becoming the next ICC chairperson, saying it would be "healthier" for the game to select someone from other boards.
Robust procurement of paddy and wheat since 2017 and prompt payment to farmers have helped the UP government cultivate a positive and pro-farmer perception, defusing possible farm face-off situations.
'Even if there is a third wave or a fourth wave, it is hard to see the economy will suffer like that (during the first wave).'
Despite unprecedented levels of uncertainty in Samvat 2077, investors have little to complain about on the returns front. The BSE Sensex delivered returns of 38 per cent in this period, while the Nifty registered a return of over 40 per cent. As is the case in bull markets, companies in the small- and mid-capitalisation basket outperformed the benchmarks, with returns almost twice those of frontliners.
Even as the industrial cycle has ground to a halt during the 21-day lockdown, the industry has been hit hard by foreign orders from major clients in the US and Europe being cancelled. Also, a sudden lack of labour has crippled the sector because of a mass exodus of workers from industrial units to the hinterland.
The AAP leader did not clarify whether 300 units of free electricity will be given per month as Punjab has a two-month billing cycle.
Darlings is a well-rounded effort by Jasmeet K Reen, supported by bold ideas and clever imagery, raves Sukanya Verma.
Staying immobile after sexual activity won't increase your chances of pregnancy, a new study has revealed.
The laggards include FMCG (16 per cent), Energy (37 per cent) and Media (34 per cent).
The pre-Budget Survey said for wealth to be distributed, it first has to be created and called for looking at wealth creators with respect. The Survey said government interventions seem to be ineffective in stabilising prices of commodities such as onions.
Yoga and meditation expert Paloma Gangopadhyay tells you how to get back in shape.
The National Recruitment Agency will prove to be a boon for crores of youngsters, the PM said.
'Had these three farm laws existed it would have become a huge election issue.'
The bill was passed by a voice vote after Shah sought to allay concerns raised by the Opposition, which claimed the draft law was "draconian".
In a country that is often focused on the ways in which it falls short, the start of a year is a good time to remind oneself of such positives, observes T N Ninan.
'Rising Covid cases and localised lockdowns are being closely monitored.'
From lack of exercise to weight gain caused by snacking between meals, see how your unhealthy habits are affecting your body and mind.
The postponement of the Tokyo Olympics will allow athletes banned until 2020 to qualify for the Games next year as doping bans are based on time periods and not events, Athletics Integrity Unit (AIU) head Brett Clothier said. Last month, the International Olympic Committee and the Japanese government agreed to postpone the Tokyo Games, due to start in July, to 2021 because of the impact of the coronavirus pandemic that has killed over 150,000 people worldwide.
On Wednesday, rupee depreciated to an all time low of 60.72 against dollar.
'For the next two years, we expect the bulk of earnings growth contribution from sectors like financials and energy, where the outlook remains positive, while the sectors which are linked to domestic consumption and are currently witnessing strains on margins have low salience for Nifty earnings.'
The Board of Control for Cricket in India is likely to back the candidature of New Zealand's Greg Barclay over Singapore's Imran Khwaja in the elections for ICC chairman, a post vacated by India's Shashank Manohar after two terms in July this year.
'India is still a small market but whatever we do, we do it with full focus.'
'There will be positive growth, but if you ask me whether we are going to have the original growth rate of 8%, the answer will be, no.'
'Hope they don't tinker around with capital gains tax in any way.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Fitness expert Sumit Dubey suggests some equipment-free workouts to keep you in shape.
From the pandemic shocks to state polls to global trends, a raft of sentiment drivers are expected to steer the Indian stock market in 2022 after a historic year of massive investor returns and milestones. The Union Budget, which will be closely watched for further reform moves, and quarterly earnings of corporates will be among the developments on investors' radar amid global central banks moving towards tighter interest regime in the wake of inflationary pressures. The year 2021 was rewarding in a big way for equity investors.
Prime Minister Narendra Modi on Tuesday accused the previous governments in Uttar Pradesh of letting poverty and the mafia take over the state's eastern part, saying that the Bharatiya Janata Party government is now writing a new chapter of development there.
Dietician Komal Jethmalani provides the right answer.
While most women will opt for storing their eggs for anywhere between six months to even ten years, frozen eggs can be securely stored for an indefinite period and still be viable.
Nishita Suratkal explains how amla, methi and bhringaraj can help arrest hairfall and improve overall hair health.
Chinese bicycle sharing giant Ofo launches service in seven Indian cities.
Lovlina Borgohain, who clinched the welterweight (69kg) bronze at Tokyo Olympics, spoke about the hardships she endured to get where she is, the joy of watching the triumph of human spirit at the Games
