The Mumbai-based real estate developer Oberoi Realty has been one of the top-performing companies in its segment and most brokerage remains bullish on the stock. The company's stock price is 52 per cent in the last 12 months beating the broader market by a huge margin. The benchmark BSE Sensex is up just 6.5 per cent during the period.
Tamil Nadu on Thursday decided to allocate ten acres of land to Wipro and five acres to Tata Consultancy Services in Coimbatore.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Most market analysts are expecting the momentum to shift towards 'quality' and 'growth' stocks in 2024 after the outperformance of 'value' stocks over the past three years. 'Value' stocks are generally well-established companies with steady profits that are trading at a discount to what they are intrinsically worth. Companies in sectors such as commodities, industrials, commercial vehicles and public sector units (PSUs) fall in this bracket.
Land acquisition for the South Korean steel major Posco's proposed steel plant near Paradip was completed on Thursday with the Odisha government demolishing 25 more betel vines at Gobindpur village, official sources said.
'Barring Tamil Nadu and Kerala, the BJP will may make inroads in Karnataka, Andhra and Telangana in 2024.'
From its lows in December, the stock of Tata Motors is up about 15 per cent. The gains came on the back of better than expected December volumes in its UK-based subsidiary Jaguar Land Rover (JLR). This coupled with gradual recovery in the global passenger vehicle demand, improving profitability due to product mix and lower commodity costs are expected to be key positives for the company.
As photographs and video clips were distributed on social media, aviation security watchdog BCAS issued show cause notices to IndiGo and Mumbai airport operator MIAL over the incident, official sources said on Tuesday.
The Joshimath Bachao Sangharsh Samiti had given the call for the rally to press for demands of permanent rehabilitation and compensation to affected families.
Container Corporation of India (Concor) has been the worst performer among major logistics & port stocks registering returns of about 4 per cent over the past three months as compared to 10-12 per cent for peers Gateway Distriparks and Adani Ports and SEZ. Uncertain outlook on the export-import (EXIM) trade front, market share loss, lack of progress on divestment, and weak June quarter results weighed on the stock. Volume and margin movement will be key triggers for the stock going ahead. As was the case in the previous quarter, margin performance was muted even in the June quarter. Operating profit in the quarter was down 17 per cent at Rs 391 crore missing estimates by over 15 per cent. Operating profit margins at 20.4 per cent, too, were down sharply by 350 basis points over the year-ago quarter.
A Communist Party of India-Marxist affiliated farmers' body in Tamil Nadu has announced that on November 9 it would forcibly enter the land allegedly encroached by Karnataka high court Chief Justice P D Dinakaran in a village in Tiruvallur district and distribute it to landless poor and Dalits.
'The BJP has started a war-like situation against farmers and the Jat community.'
It's been months since Jindal returned the private land to the state government, free of cost, but not a cottah has been distributed
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 Supreme Court on Wednesday directed the West Bengal government not to return land to farmers in Singur, that was earlier leased to the Tatas, for now.
The court's direction came after being informed that the Ministry of Defence has granted the approval for electricity connections to the migrants living in north Delhi's Adarsh Nagar area.
Glimpses from Gaza, Israel and Lebanon as the war provoked by Hamas' horrific attack escalates.
Priyanka Gandhi Vadra tells the women that "Rahul was naughtier than her, but she got the scolding instead".
The team led by researchers from the University of Hawai'i (UH) at Manoa in the US discovered that these electrons in Earth's plasma sheet are contributing to weathering processes -- breaking down or dissolving of rocks and minerals -- on the Moon's surface.
The Bihar government considers a proposal to give ownership rights to 50 per cent of the ceiling surplus land to be distributed by it among the landless to women.
Plans 'complete' agricultural solution in mining areas
Authorities on Monday attached a house belonging to Hizbul Mujahideen chief Syed Salahuddin's son in the city's Ram Bagh area, officials said.
tailwinds of a remarkable year and handsome investor returns, Indian equities are set for an eventful journey in 2024, with a slew of local and global cues -- varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices -- Sensex and Nifty -- could climb up to 7 per cent. In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent, and the NSE Nifty climbed 3,626.1 points or 20 per cent.
Of all the markets in which politicians interfere with prices, the land market is probably the last that will be reformed, says T N Ninan.
The government intends to discuss socio-economic issues, land distribution, women's empowerment, employment, education, globalisation, creation of small states, problems of SC/STs with the Naxalites.
India decisively withstood global headwinds in 2023 and is likely to remain as the world's fastest-growing major economy on the back of growing demand, moderate inflation, stable interest rate regime and robust foreign exchange reserves. Despite widespread pessimism witnessed among the developed nations and the worsening geopolitical situation, India recorded a gross domestic product (GDP) expansion of 6.1 per cent in the March quarter. The growth moved up to 7.8 per cent in the June quarter and was 7.6 per cent in the September quarter. For the first six months of this fiscal, the growth was 7.7 per cent.
'Our factories are world-class and are becoming increasingly attractive for our global business leaders to use to serve other markets.'
The bench accepted the plea of Tata's counsel to file the petition later in the day.
The Centre has appointed senior IAS officers Vumlunmang Vualnam and Neeraj Mittal as new secretaries in the ministry of civil aviation and the department of telecommunications respectively in a major secretary-level bureaucratic reshuffle, a government order stated.
Bengal will surge ahead on the path of development. Industrial infrastructure is being developed, said West Bengal chief minister Mamata Banerjee.
The protesters demonstrated against the NTPC's Tapovan Vishnugad Hydroelectric Project which was being constructed in the area.
The prime minister took no names but made an apparent reference to reports about "rate card" for different government jobs in the Trinamool Congress-ruled West Bengal and prevalence of "cut money" in the state.
The Left and the Congress may be at loggerheads at the Centre, but Andhra Pradesh Chief Minister Y S Rajasekhara Reddy does not rule out the possibility of a pre-poll alliance with the Left parties in the state.
The IMD defines a normal monsoon as one which delivers between 96 and 104 per cent of the 50-year average rainfall for the season.
...current industry models will soon fade out, notes Ajit Balakrishnan.
When Vineet Mittal first got into solar power, sometime around 2009, and was planting solar panels in Gujarat, renewable energy looked like a sector ripe for startups. Renewables were clearly the future of energy, and the big boys - Mukesh Ambani's Reliance, Adani Group, and the Tatas - were focusing much more on coal and petroleum. Little did Mittal know that things were going to change drastically.
Clauses on land return, action against officials diluted
On Monday, Pandey, after distributing cheques to unemployed youth at the Kamla Nehru Institute of Technology in Sultanpur, suddenly went off track by praising the beauty of District Magistrate K Dhanlakshmi, who was also present there.
After being underground for years, top naxalite leaders are set to make a public appearance in a remote village in Guntur district of Andhra Pradesh on Monday to unveil a martyrs' memorial.
The BSE Realty index-a gauge of real estate stocks-rose 4.2 per cent on Monday, extending its two-day advance to 7.8 per cent. The latest gains came on the back of robust sales posted by realty developers in the March quarter of financial year 2022-23 (Q4FY23). On Thursday, the rate-sensitive index had gained 2.9 per cent following the Reserve Bank of India's decision to pause interest rate hikes in its latest monetary policy review.
