The Tamil Nadu voter may not be in the mood to test new talent, not when the state and the people are going through unprecedented and unanticipated crises, of which coronavirus is only the first. All of it boils down to an election between the ruling AIADMK and the Opposition DMK next year, with small-timers, had-been parties and promised parties left on the sidelines, says N Sathiya Moorthy.
Don't exit from growth-style funds as they may benefit next from a shift in investor preference.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Employees joining companies after August and availing of the government benefits under the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) will also have to link their PF accounts with Aadhaar numbers.
The PM wanted me to join the ministry headed by Palaniswami, says OPS.
He however said: "Several advantageous features for Tamil Nadu find place in the verdict."
The delegation comprised DMK leaders R S Bharathi, T K S Elangovan and Tiruchi N Siva.
'See, nobody asked "Michael Jackson arrey, aap aaj kal toh filmon mein nahi gaate ho".' 'The problem is in India, a lot of undue importance is given to film singing.'
Assembly elections in Tamil Nadu are centred on chief ministerial candidates of rival parties. When Sasikala cannot contest even a panchayat election for six years after her release, even if she were to have sympathetic backers even among apolitical voters, she does not have any 'transferrable vote-bank' even otherwise for a chief minister candidate of her choice, says N Sathiya Moorthy.
Smaller stocks continue to shine at the bourses. The BSE MidCap index is up 18 per cent since the beginning of January this year against a 5 per cent rise in the Sensex during the period. With the current rally, the mid-cap index has doubled in value since the end of March 2020 against a 70 per cent rally in the Sensex during the period. On Tuesday, the mid-cap index closed at 21,232, as compared to 17,941 at the end of December 2020. In the same period, the benchmark index moved from 47,751 to 50,193.
At an Onam celebration that took place recently at the Indian consulate in Dubai, Muraleedharan said nobody knows how legendary king Mahabali got linked with the celebrations.
The fracas between Chief Minister Edappadi K Palaniswami and his deputy O Panneerselvam on Monday over who will be projected as the CM candidate in next year's assembly polls not only points to a possibility of another vertical split in Tamil Nadu's ruling party but will also come as sweet music for the opposition DMK which in the past stood to gain from the AIADMK's squabbles, says N Sathiya Moorthy.
Unless controlled and contained, given the untested belief that the north Indian labour support and follow the Hindutva kind of political ideology, there is a potential in terms of ideological clashes with their Dravidian brethren in the local neighbourhoods, and it all escalating into violence, especially during election time, predicts N Sathiya Moorthy.
Indian equity markets should be able to withstand inflation up to 8 per cent, said analysts at Credit Suisse Wealth Management in a recent note. Should the rate of inflation move higher than this, the valuation of Indian equities could deteriorate further, they cautioned. The fall from the peak levels has seen Nifty's 12-month forward price-to-earnings (P/E) ratio of 17.6 dip toward its 10-year and 5-year (pre-COVID) average of 16.9, which suggests that valuation froth of Indian equities has settled, said the Credit Suisse analysts.
The BJP and the AIADMK are unable to sort out ideological differences, observes N Sathiya Moorthy.
Importantly, after the interest rate rises by the Reserve Bank of India (RBI) in the recent past, there is a high probability of corporate India getting hit on profits.
He demanded an order for CM, seeking a vote of confidence.
While Aditi will be showcasing her acting in The Archies, she has also contributed music scores to the series.
Palanivel Thiaga Rajan was on the hit-list, not because the chief minister was unhappy with his performance, but because there were constant complaints from other ministers that he was sitting on their files far too long, observes N Sathiya Moorthy.
Part of the dues has been pending since 1995-96 - the inception year of the Employees' Pension Scheme administered by the EPFO. The Centre also owes the EPFO more than Rs 1,000 crore towards the minimum pension scheme it had notified in September 2014.
'OPS did not back off.' 'He wanted transparency and he got it.'
A meeting presided over by Palaniswami said the appointment of Dinakaran as deputy general secretary was against party rules.
While reasonable safeguards should be built in, there can't be restrictions on the individual's right to leave her/his money to whoever s/he wants, notes Harsh Roongta.
ITC has been one of the best performing large-cap stock at the bourses thus far in calendar year 2022 (CY22), rallying nearly 52 per cent during this period and outperforming the sector benchmark - the S&P BSE FMCG index - by a wide margin that moved up around 17 per cent during this period. However, the counter has lost over 5 per cent from its recent high of Rs 346.25 hit on September 23, 2022 and has underperformed the S&P BSE Sensex, which has lost nearly 2 per cent since then. So, is the rally in the stock coming to an end, and is this a good time to book profit?
An adverse judgement could have triggered a political realignment in Tamil Nadu and brought the ruling party perilously close to losing its majority in the state assembly whose effective strength is 232. Two seats are vacant.
This time round, even 'petrol coupons' were reportedly distributed for those attending campaign rallies, especially those addressed by top leaders, cutting across party lines. If this owed to the rising cost of petrol and diesel -- which is a poll issue this time -- there were the customary coupons for 'quarter' (liquor bottle size) and non-vegetarian biryani. Some media reports claimed that some of these 'crowds' attended more than one political rally on the same day in the last week, and at times for rival political parties in adjoining constituencies or districts, says N Sathiya Moorthy.
Shares of HCL Tech hit a fresh record high of Rs 1,118.55 on Friday, up 2 per cent on the BSE in intra-day trade, surpassing its previous high of Rs 1,101 touched on Thursday in intra-day deals.
In signs of thaw on All India Anna Dravida Munnetra Kazhagam merger move, the factions led by Tamil Nadu Chief Minister K Palaniswami and the one by O Panneerselvam on Friday announced formation of their respective committees to hold discussions.
You need eight to 10 hours of healthy sleep every night. Otherwise, your life and heart tend to fall apart, alerts Dr Santosh Kumar Dora.
At the end of the day, Stalin expressing solidarity with an arrested colleague is one thing, especially if he too felt that the minister had been wronged, but for him to retain the person in office sets a bad precedent, which would not go unnoticed by voters, points out N Sathiya Moorthy.
"The 750-bed modern facility will be set up at Thoppur near Madurai at an estimated cost of Rs 1,500 crore," Palaniswami said.
Good intentions and elaborate roadmaps apart, there is an urgent need for the Tamil Nadu chief minister to come up with branded schemes like MGR's meal scheme, asserts N Sathiya Moorthy.
For Prime Minister Narendra Modi to dig up the perceived past of the DMK rival, now under a new leader in M K Stalin, may not gel with the voters, both old and new. If they are still going to vote for the AIADMK-BJP combine, it will be for entirely different reasons, and despite Modi's poll speeches, says N Sathiya Moorthy.
Party sources indicated that there were "some ticklish issues" that were to be addressed by both groups, but declined to elaborate further.
She's the first K-pop soloist to chart a Top 10 album for three weeks straight on Billboard 200.
AIADMK leaders and supporters pay homage to J Jayalithaa on her 5th death anniversary.
Sushmita gives attitude... Ayushmann likes this time... So does Mouni...
After new-age tech companies reported better-than-expected June quarter (Q1FY23) results, analysts said it will be a long road to recovery for their respective businesses and the stock prices. Moreover, brokerages differ on whether it is the right time to own these stocks. The common thread, however, that runs across most brokerages is Zomato, where they suggest buying the stock with the one-year target price ranging between Rs 60 - 115, translating into an upside of around 9 - 109 per cent from the current levels. The company's gross order value (GOV) of food delivery jumped 10 per cent quarter-on-quarter (QoQ) and 42 per cent year-on-year (YoY) in Q1, aided largely by growth in volume, and mild growth in average order value (AOV) at 1-2 per cent. The company also broke even on an adjusted Ebitda basis during the quarter.
Despite a healthy March-May quarter (Q3FY22) show by global IT consulting firm Accenture, Indian IT companies shed up to 3 per cent on the National Stock Exchange (NSE) on Friday as analysts continued to highlight medium-term pain points for the sector. The Nifty IT index settled 0.9 per cent lower on Friday, as against a 0.9 per cent rise in the Nifty50 index. According to analysts at ICICI Securities, Accenture's Q3 saw moderation in year-on-year growth rate across verticals and US regions, which signals at likely normalisation in revenue momentum for Indian IT services going forward.
While analysts remains overweight on financials, property, discretionary, industrials and materials, they maintain a neutral stance on pharma, telecom and energy; and underweight on staples, utilities, and IT services.
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