Dabur India has been the worst performer in the fast-moving consumer goods (FMCG) space this year (CY23), posting a 1 per cent decline even as its peer index, the Nifty FMCG, has delivered returns of over 29 per cent in this period.
A plunge in fuel demand after the raging pandemic forced people to stay home and stifled the economy dealt a body blow to the firm's traditional cash cow oil refining and petrochemicals, even as consumer-facing businesses, which account for 35 per cent of the oil-to-telecom-to-retail conglomerate's revenues, continued to do well.
BJP candidate Rajeev Chandrasekhar's wife and son who keep themselves far from the political limelight reveal what it is like to campaign for the first time.
Experts believe modifying the placement model is a good decision given the changes that campus recruitment has undergone globally, says Vinay Umarji.
'Valuations of midcaps and smallcaps have reached very high levels, and hence to that extent leave little margin of safety.'
Enactment of Insolvency and Bankruptcy Code has been instrumental in pushing up India's ranking in the 'Doing Business' report
'If Indians are to be truly protected, Parliament must review and address these dangerous provisions before they become law.'
The ministry of finance is likely to assume crude oil price to remain within $85 per barrel while estimating subsidies for the Interim Budget 2024-25 (FY25), to be presented on February 1. Brent crude prices moved up on Thursday, ending at $78.9 per barrel. Crude oil and cooking gas prices, which move in tandem, impact fertiliser and cooking gas subsidies, constituting 53 per cent of the government's total subsidies.
Banks are also weighing the option of hiring experts for help in specialised areas.
New mother Osaka targets Grand Slam return at Australian Open
From installing water-saving aerators on taps to using cans for washing hands and dishes, Bengaluru is adopting diverse strategies to tide over the water crisis. While several citizens have taken to social media to urge Karnataka Chief Minister Siddaramaiah to make work from home mandatory for IT companies, it appears that hybrid mode will continue to be the norm for most - although with new water conservation measures in place. Co-working space provider Urban Vault has, for instance, installed smart water meters to detect leakage.
An online system generates import-export code.
Goals in each half from Kai Havertz and Christian Pulisic earned defending champions Chelsea a solid 2-0 first-leg victory over Lille in the Champions League last 16 on Tuesday.
"Let us both mobilise ourselves, each one in his respective country, in order to try and ease as much as possible on our businessmen, in opening barriers, easing regulations,...preventing double taxation," said Noked during the interactive session with business delegation, in New Delhi.
While Emami is still struggling to push growth, given weak rural demand, the sale of the group's stake in AMRI Hospitals should ease investor concerns about stake pledges by promoters. It has also carried a series of stake acquisitions which should enable the expansion of its brand portfolio. The Q2 results are likely to see flat volumes and low revenue growth alongside some gross margin expansion.
Govt to bring 'Bankruptcy Code' for ease of doing biz
As a result, vehicular traffic and movement of people on roads saw a consequential increase in most parts of the state including rural regions, the State capital and key cities like Coimbatore, Madurai, and Tiruchirappalli.
Exporters can make payment of fees through debit/credit cards.
Did Rashid's cameo outshine all the other knocks?
Tata Motors' 2022-23 (FY23) January-March quarter (fourth quarter, or Q4) results were better than Street estimates, with strong showing across Jaguar Land Rover (JLR), as well as commercial and passenger vehicle businesses in the domestic market. The company posted its highest consolidated top line and operating profit, with growth of 35 per cent and 46.5 per cent, respectively, over the year-ago quarter. While the top line was aided by a 49 per cent growth in the JLR unit, all key segments reported margin expansion.
'Higher valuation remains the only spoiler for equities.'
India's services sector activity eased in August but growth rates for new orders remain elevated, as services firms indicated the sharpest upturn in new export business which acted as a catalyst for firms to expand their workforces as well as output, a monthly survey said on Tuesday. Despite falling from 62.3 in July to 60.1 in August, the seasonally adjusted S&P Global India Services PMI Business Activity Index indicated one of the strongest increases in output seen since mid-2010. For the 25th straight month, the headline figure was above the neutral 50 threshold.
It's all eyes on the consumer durables sector during the festival season after a weak Q1FY24 and Q2FY24 was impacted by an erratic monsoon. Traditionally, this period sees the highest number of purchases. Dealers and manufacturers are complaining about low business-to-consumer (B2C) off-take during the first half.
Foreign companies that do not have a permanent establishment in India will be exempt from paying minimum alternate tax.
R Ashwin is a content man after becoming only the second Indian to take 500 Test wickets and has no interest in chasing Anil Kumble's national record of 619 scalps.
Only the top 5 per cent profit makers account for 75 per cent of profits.
The Indian economy may be booming but when it comes to ease of doing business, it ranks way down at 134th position among 183 countries.
Growing at a robust rate due to economic reforms in key sectors like digitisation and infrastructure, India has emerged as a star performer and is projected to contribute more than 16 per cent of the global growth, the International Monetary Fund said on Monday. "What we have been observing for quite some time now is that India has been growing at a very robust rate. "It's one of the star performers when it comes to real growth when you look at peer countries.
The government has decided to extend the Rs 25,938-crore production-linked incentive scheme for the automotive sector by one year, Union Heavy Industries Minister Mahendra Nath Pandey said on Tuesday. Post extension, the five-year scheme, originally in place from 2022-23 to 2026-27, will be active until 2027-28. At present, incentives are applicable under the scheme for determined sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India from 1 April 2022 onwards for a period of five consecutive years.
Domestic financial institutions and mutual funds on Wendesday pitched for rationalisation of tax provisions to improve ease of doing business in the country.
Explore the map to see and compare different countries' Doing Business Index in 2015.
RPTs are globally recognised as an important component of the ease of business index.
Raising the share of manufacturing from about 17 per cent to 25 per cent of GDP is necessary, says S Gopalakrishnan.
Unlike India, the US is a free-pricing market.
Holders Manchester City cruised into the Champions League quarter-finals for the seventh consecutive season with a 3-1 victory over FC Copenhagen.
Companies like Amazon Prime Video are also temporarily lowering bit rates -- a measure of how much data is being transferred -- to ease pressure on telecom network infrastructure.
The move would help in further promoting ease of doing business in the country.
Do a straw poll of any business friends and you will laugh and weep at what they go through, points out Rahul Jacob.
Images from Day 7 of the 2024 Australian Open in Melbourne on Saturday.
Indian businesses have emerged as being the most optimistic about the economy for 2015, with 98 per cent suggesting they are positive about the policies of the new government, way above the global average of 35 per cent, says a report by Grant Thornton.
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