There remains a debate on who said this: "When the facts change, I change my mind. What do you do, Sir?" Was it the British economist John Maynard Keynes or the American economist Paul Samuelson. Irrespective of who said it, this sentiment appears to have found resonance in ITC's boardroom in recent years.
Defence stocks have been on a tear, with the Nifty India Defence index hitting all-time highs. Over the past week, the index jumped around 7 per cent, far outpacing the flat performance of the Nifty 50. Over the past month, its 12 per cent gain has trebled the benchmark's return.
'The Congress submitted four names to the government as the people who should accompany the delegation.' 'I don't know what happened to those names.' 'When I was approached, I told them to speak to my party.' 'I have no further involvement with this delegation.'
K Krithivasan -- the chief executive and managing director of TCS -- believes that the tariff moves-induced uncertainty impacting the sector will be "short-lived" and expects it to get resolved within "months".
'Militarily, it risks escalating tensions with Pakistan, potentially triggering conflict due to Pakistan's heavy reliance on the Indus.'
'He has been one of the clearest thinkers in the history of business.'
'I am worried that Pakistan will still feel compelled to take substantive military action beyond this apparent drone activity.' 'If so, the crisis could persist for a while more and dangerous days are still ahead.'
'It's not necessary that only superstars can give you blockbusters.'
The prolonged delay over electing J P Nadda's successor possibly stems from the RSS leadership wanting a person who is at least equidistant from the Sangh as well as the Modi/BJP edifice, observes BJP-RSS watcher Nilanjan Mukhopadhyay.
India will be the world's third-largest economy by 2028 as it becomes the world's most sought-after consumer market and gains share in global output, driven by macro stability influenced policy and better infrastructure, Morgan Stanley said. From a $3.5 trillion economy in 2023, the Indian economy is projected to expand to $4.7 trillion in 2026, which will make it the fourth largest in the world behind the US, China and Germany.
For India to transform into a high-income country with a projected gross domestic product (GDP) of $23-35 trillion, will need a sustained annual growth of 8 per cent to 10 per cent. This will be powered by India's demographic dividend, technological innovation, and sectoral transformation, according to the "India@2047: Transforming India Into A Tech-Driven Economy" report by Bain & Company and Nasscom. By 2047, the services sector is expected to contribute 60 per cent of India's GDP, while manufacturing will account for 32 per cent, both playing a pivotal role in economic expansion.
Himesh Reshammiya does not have the swag or the acting chops to play a loose cannon cop, sighs Deepa Gahlot.
Tata group retail firm Trent Ltd reported a 34 percent increase in consolidated net profit to Rs 496.54 crore in the December quarter, helped by the expansion of the store network and increase in attractive value propositions. The company's consolidated revenue from operations grew 34.32 per cent to Rs 4,656.56 crore during the quarter under review. Trent is also pursuing store portfolio optimization, which involves upgrading or consolidating smaller footprint stores with newer stores in more attractive micro markets.
While the capital spending is being maintained at 3.1 per cent of the GDP, a little more would have boosted economic growth even further, suggests Rajiv Memani.
From the 30-share blue-chip pack, Zomato surged over 7 per cent. Maruti, ITC Hotels, ITC, Mahindra & Mahindra, Asian Paints, Titan and IndusInd Bank were among the biggest gainers. Power Grid, Larsen & Toubro, NTPC, UltraTech Cement, HCL Tech, Tech Mahindra, Infosys and Adani Ports were among the laggards.
Sukanya Verma shows you everything you can expect from the Rohit Shetty brand of film-making.
Mrunal becomes a bride... Tamannaah promotes her new film... Subbaraju gets hitched, finally!
Weakness in HDFC Bank's net interest margin (NIM) might have bottomed out in the July-September quarter (Q2-FY24), analysts said on Tuesday, as most of the merger-related one-time adjustments have been done. The bank, they believe, should be able to grow from here on, allowing the stock to reverse its underperformance. "The weak NIM print was not unexpected given the merger and regulatory impact caused by the incremental cash reserve ratio (ICRR; 5-10 bps for the quarter).
Trump spoke approvingly of his recent telephone conversation with Xi Jinping. This could indicate the possibility of America and China reaching some level of tactical accommodation, which would not be good news for India, points out Ambassador Shyam Saran, a former foreign secretary.
Jacqueline holidays in Paris...Rashmi's fusion wear... Abhishek wants to talk...
It was a protest which held a mirror to the government of a state taking pride in its commitment to democracy, gender equality and social indices.One person, who in his employed days had known governments and political parties at close quarters, told me that public perception of how the Kerala government handled the ASHA workers' strike had been terrible, reports Shyam G Menon.
'Spending by the middle class is limited with a focus on savings. However, there is buoyancy at the top-end.'
The October-December quarter (Q3FY25) results of fast moving consumer goods (FMCG) major Hindustan Unilever (HUL) indicated weak demand, with urban growth muted and rural showing recovery. Consolidated revenue grew by 1.6 per cent (volume was flat) to Rs 15,818 crore, due to price hikes. Prices of key raw materials such as palm oil and tea remained elevated, leading to compression of gross margin.
'We are committed to leveraging our influence constructively to support the Afghanistan Cricket Board (ACB) in fostering cricket development and ensuring playing opportunities for both men and women in Afghanistan'.
The top 10 films of the year may not be great by themselves but they stand out amidst the other OTT releases.
'Not paying workers enough will end up being self-destructive or harmful for the corporate sector itself.'
Sukanya Verma quizzes you to find out how much you know about the Salman Khan-Shah Rukh Khan starrer.
As a leader, he was ambitious, not for himself but for India and its people. His was not the short-term election cycle calculation of individual political gain. His was a practical vision of how to better the lives of his fellow citizens, asserts Ambassador Shivshankar Menon, who served as foreign secretary and national security advisor when Dr Singh was prime minister.
'Sometimes we regret we didn't communicate, we didn't talk our heart out.' 'This film speaks about all those moments and the journey of the characters.' 'It's all moments stitched together of your entire life.'
Abhishek Bachchan conveys the numerous chapters and challenges his mind, body and soul go through with a never-before candour, observes Sukanya Verma.
Vyshak was also fortunate to get guidance from former India and Karnataka pacer Abhimanyu Mithun during his initial days with the state Ranji Trophy team during the 2021-22 season.
''Shoojitda's prep was unique and a nice, refreshing change for me.' 'In the three to four months of preparation that we did, I think we only read two scenes.' 'We spent two, three months where he would just talk to me about life, philosophy, spirituality, and a lot of things, which I slowly realised was him trying to get into my head and understand the kind of person I was.'
Reader Venkat Chellam has sent us a photograph.
IT services major HCL Technologies (HCLTech) on Monday reported a 10.51 per cent increase in consolidated net profit to Rs 4,235 crore in July-September quarter of FY25, as the company raised the lower band of its growth guidance on the back of better-than-expected performance. The Noida-headquartered firm had posted a net profit of Rs 3,832 crore in the year-ago period. HCLTech increased the lower band of its revenue growth guidance to 3.5-5 per cent year-on-year in constant currency, against a guidance of 3-5 per cent in the first quarter.
The number of active SIP accounts is nearing the 100 million milestone.
He isn't Bollywood's go-to guy for the funnies for nothing.
Do Patti gives in to its basest impulses, but collapses like a house of cards when it aims to be clever, notes Sukanya Verma.
Reader Kaustubh Damle sends us a photograph.
Jaya Bachchan and her children Shweta Bachchan Nanda and Abhishek Bachchan prayed at the Kashi Vishwanath temple in Varanasi on Thursday, July 11, 2024.
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