He also announced Rs 2 lakh ex gratia compensation for the kin of the deceased and Rs 50,000 for those injured in cyclone-related incidents in all states affected by Tauktae.
Heavy rains continued to pound Chennai and nearby districts on Monday under the impact of a cyclonic storm, which is likely to cross the coast in Andhra Pradesh on December 5.
The Delhi government on announced financial aid of Rs 15 lakh and a job to the family of the 23-year-old gangrape victim who died two days ago. The decisions were taken at a Cabinet meeting presided over by Chief Minister Sheila Dikshit.
The Ministry of External Affairs (MEA) on March 17 had announced that State Bank of India (SBI) would extend a term loan of $1 billion to Sri Lanka, fully guaranteed by the Indian government, and this was part of India's financial aid to the troubled island nation. Ministry of External Affairs (MEA) spokesperson Arindam Bagchi was quoted saying by news agency PTI that the loan would be used for importing food, medicines, and other essential items. "India has always stood with the people of Sri Lanka and we will continue to extend all possible support at this juncture.
Irregular rainfall and a pick-up in commodity costs are expected to weigh on the demand and margins of fast-moving consumer goods (FMCG) companies. Most companies reported a sharp expansion in gross margins in the April-June quarter (first quarter, or Q1) of 2023-24 (FY24), given the lower prices of key raw materials and earlier price hikes. Furthermore, there were expectations that cost savings being passed on could reflect in volume growth going forward. However, these hopes could be dashed if demand recovery, especially in the rural segment, stalls, and gains on the raw material front start to recede.
The agreement is subject to approval by the IMF management and consideration by its executive board, which is expected in early April.
During the Diwali week (November 10-16), airfares on major routes across the country have surged by up to 44 per cent.
Indications are that the DMK combine will win more seats than the AIADMK and BJP, but is facing a tough fight in about half a dozen from the rest, predicts N Sathiya Moorthy of the electoral contest in Tamil Nadu.
India has been slammed by British taxpayers, who have been providing a financial aid to the country, after it emerged that the nation is set to spend over 1 billion pounds on three warships.
Mango is a UK-registered charity and the partnership is across Barclays GRCB's emerging market entities.
The Delhi government on Monday announced financial aid of Rs 15 lakh for the next of the kin of the 23-year-old gangrape victim and offered a job to a family member of the girl, who died two days ago.
'Never expected, and never in history, not a single country has extended that kind of assistance'
President Ranil Wickremesinghe on Wednesday thanked India and Prime Minister Narendra Modi for giving Sri Lanka 'a breath of life' by providing timely economic assistance to his country as it faced the worst economic crisis in decades.
Time's profile of Modi says that in its 74 years as an independent nation, India has had three pivotal leaders -- Jawaharlal Nehru, Indira Gandhi and Modi. "Narendra Modi is the third, dominating the country's politics like no one since them."
The theme for this year parliamentary hearing is to chart out methods of dealing with the global economic crisis.
Commonwealth Games Organising Committee official M Jayachandran, arrested for alleged financial bungling in holding the Queen Baton's Relay (QBR) in London in 2009, was granted bail by the Delhi high court on Wednesday. Justice Hima Kohli granted bail to Jayachandran, a key aide of Commonwealth Games Organising Committee chairman Suresh Kalmadi following the CBI's failure to wind up the probe and file the charge sheet in the case within the stipulated 60-day period.
With no signs of financial aid coming from the UK government, Indian conglomerate Tatas have agreed to inject "tens of millions of pounds" into its British car company Jaguar Land Rover, says a media report.
The judge also said forget about the question of the beginning of the trial, the police have not even filed the charge sheet in the case it dating back to December 2019, leaving the accused to languish in jail all the while.
The family members of the deceased had named five men linked to the Bajrang Dal in their complaint to the police.
Pakistan's PakSat-1R geostationary communications satellite was on Thursday launched into space by a Chinese rocket from a site in southwest China.
Last year, the US assistance to Pakistan was $534 million.
Led by Tata Motors and Tata Consultancy Services (TCS), the combined revenue of the Tata group's listed firms crossed the Rs 10-trillion mark for the first time, in 2022-23. The group's 14 key listed companies in which Tata Sons holds a direct equity stake reported a combined revenue of Rs 10.07 trillion in FY23, up 15.3 per cent from Rs 8.73 trillion in FY22. The combined net profit of these companies was, however, down 10.6 per cent year-on-year (YoY) at Rs 66,670 crore in FY23, from a record high of Rs 74,540 crore in the previous financial year, when the profit had jumped 156 per cent YoY, aided by Tata Steel's strong showing.
Experts foresee possible scenarios: A BRS government with less majority, a BRS government with BJP and AIMIM support, or a Congress government.
The Gujarat government has decided to provide financial assistance of up to Rs 1,500 to farmers in the state for purchasing a smartphone, as per a notification issued by the state agriculture department.
The Institute for Technology and Management invites applications for a two-year full-time Post graduate Diploma in Business Administration.
Reddy directed the officials to treat the storm as a major challenge to avoid loss of life and property as the winds are expected to blow gales reaching speeds of up to 110 kilometres per hour.
According to reports, the militant commanders, including Sim Khan, Mahmood Khan and Maulvi Umer, who were arrested during operation Rah-e-Rast, have confessed that they were provided financial aid, weapons and special training by secret agencies from India and Afghanistan to fight against the Pakistan Army.
The BSE Realty index on Monday soared 4.3 per cent-most among the 19-sectoral sub-indices-buoyed by the proposal to formalise fractional ownership of real estate in the country. The Securities and Exchange Board of India (Sebi) on Friday issued a discussion paper proposing to regulate online platforms offering fractional ownership in real estate, a model already popular in countries such as the United States and UAE.
Sacked Rajasthan minister Rajendra Gudha on Wednesday made public three pages of the purported "red diary" which he has claimed contains the details of financial misdeeds of the Congress government and cited their contents to allege corruption in Rajasthan Cricket Association election.
'A key reason for the strong interest in IPOs has been an increased focus on profitability and reasonable pricing of deals.'
10 non-bank and non-finance stocks from the BSE500 Index universe that offer an optimal blend of low valuation, reasonably robust revenue and earnings growth in recent quarters, a strong balance sheet, and most importantly, positive cash flow from their operations.
Star Indian sprinter Hima Das has donated her one month's salary to the Assam government to help the state combat the dreaded COVID-19 pandemic. Das, an Asian Games gold-medallist besides being an under-20 World champion in 400m, is employed with PSU major Indian Oil as an HR officer in Guwahati.
A 38-year-old Indian frontline warrior in the United Arab Emirates was on Thursday discharged from hospital after he made a miraculous recovery from COVID-19 that seriously damaged his lungs and left him in an unconscious state for six months.
The stock exchange on which they are traded boasts higher profits than most of the companies whose shares are hitting new highs. Only 37 of approximately 2,000 listed companies with comparable data for 2022-23 (FY23) reported higher profits, while the rest had lower profits. Despite rising corporate profitability, the universe of companies that outperform the National Stock Exchange (NSE) in terms of profitability has been shrinking of late, according to an analysis of companies with comparable data over the past seven years.
On December 9, from 2-3 pm, Sri Akella, director, Dream Seekers Academy, will answer your queries about studying abroad. Do join us with your questions.
Slamming Pakistan for failing to check terror groups operating from its soil against India, the Bharatiya Janata Party on Wednesday demanded that organisations like Pakistan's Inter State Intelligence be put under "international watch" and the US government be asked to stop extending financial aid to it as it was being misused.
Thackeray also claimed that the Maharashtra government is yet to receive a total of around Rs 38,000 crore from the Centre.
Pakistan's fundamentalist Jamaat-e-Islami party has announced it will provide financial aid of Rs 3 lakh to the families of the three men killed in an incident involving suspected Central Intelligence Agency contractor Raymond Davis. This is in a bid to forestall reported efforts by Saudi Arabia to arrange a "blood money" deal to settle the matter.
Logistics services provider Delhivery posted a mixed set of results during the March quarter of the previous financial year (Q4 of FY23). While its operating profit was marginally in the green, its net losses widened as compared to the year-ago quarter. Overall revenues, which were in line with estimates, fell 10 per cent year-on-year (YoY).
