The stock of Voltas, the country's largest room air- conditioner (RAC) maker, is up 22 per cent in the past three months. Robust demand on the back of a sweltering summer, distribution expansion, slew of launches and backward integration are expected to forge a good operating performance for the company. In the core RAC segment, there are multiple triggers for the company.
Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.
'The long-term impact of elections is minimal.'
Kenya's marathon world record holder Eliud Kipchoge and Colombian jumper Caterine Ibarguen were honoured as IAAF athletes of the year at athletics' annual awards ceremony on Tuesday.
Mike Powell, the world record holder in long jump, opens up to Senior Associate Editor Bikash Mohapatra regarding his longstanding record, his biggest regret and other things.
'The horse is the main member of the team, I would say. What really attracted me to dressage was that though power is involved it still has to look elegant and that you are completely in sync with your horse.'
BMW Group India recorded its highest annual sales on the back of strong demand for its top-end ICE (internal combustion engine) and electric vehicles (EVs). The German luxury automaker on Thursday announced that its domestic car sales jumped 18 per cent year-on-year (Y-o-Y) to 14,172 units in calendar year 2023 (CY23). This mirrored a trend in the luxury space, with its peers also reporting record numbers.
'Now it's for India to also make certain decisions. The sky's the limit. You've got to be strategic.'
'I remember AK came on set one day; one of his films had released the previous day and was not doing well. He was very attached to that film.' 'I felt he was low and that affected me.'
A look at the historic achievements by India's athletes in 2022.
The BJP's vote share in Cuttack went up from 9 per cent in 2009 to 38 per cent in 2019.
The BJP's strategy seem to be to wean away allies from the Congress, in Dravidian Tamil Nadu, and maybe later in UP, Bihar and elsewhere, though in slow doses, but without wooing them into a new alliance. The idea seems to be only to weaken the INDIA bloc from within -- and leaving it at that, notes N Sathiya Moorthy.
In a landmark verdict, the Supreme Court on Monday held that watching and downloading child pornography are offences under the POCSO Act and the information technology law.
On a cloudy Monday this month, Mohammed Irshad flew from Kochi to Gurugram to attend an exclusive investor networking event. Among a handful of founders selected for the event, Irshad was to pitch his peer-to-peer learning start-up Notespaedia for funding in front of top venture capital investors such as AngelBay, Elevation Capital, and Inflection Point Ventures. He failed to woo them, but the feisty entrepreneur was determined to continue his hunt.
'Forget your loss or profit in your portfolio.' 'Look at how much cash you have in hand.' 'If you don't have cash in hand, liquidate at least partially; get into about 20 per cent in cash.'
The management of Tata Communications presented its product-to-platform strategy and explained how it hopes to grow its new products and portfolios, and geographies. The management targets doubling of data revenue by FY27 to ~28,000 crore (implied 18 per cent annual revenue growth). The DPS (Digital Platform & Services) segment is likely to contribute over 60 per cent of data revenue.
India's merchandise exports in April 2024 marginally rose to $34.99 billion from $34.62 billion in the year-ago month, according to government data released on Wednesday. Imports too increased to $54.09 billion from $49.06 billion in April 2023.
'Till the time you have the equations right the market will remain concerned.' 'If the (coalition) government is taken care of, then probably (the markets will) come back to its rhythm.'
A look at the best fielding efforts on Sunday...
Shigeru Ishiba is expected to prioritise strengthening Japan's military capabilities and fostering deeper international partnerships, particularly with India, with whom Japan shares significant strategic interests, explains Dr Rajaram Panda.
All the action from the World Athletics Championships on Tuesday...
The Congress said the ECI finally released the voter turnout data late last night after a completely unacceptable delay of 11 days for Phase I and 4 days for Phase 2.
World Athletics added that her efforts in advancing the sport in India as well as inspiring more women to follow in her footsteps make her "more than a worthy recipient" of this year's award.
Where do Vijay and his TVK expect to get their votes from? Vijay has a huge fan following among women, but will they automatically become his voters like they had done for MGR's AIADMK, asks N Sathiya Moorthy.
Sumit Antil clinched a gold medal at the Hangzhou Asian Para Games javelin throw F64 event with a world record effort of 73.29m.
Indian Olympic Association's acting president Anil Khanna called it a 'gender-neutral contingent' with 108 men and 107 women being part of the touring party.
Earlier, a series of unforced errors and bad line judgements put Srikanth, world ranked 24, on the back foot as world No. 20 Ka Long looked in fine fettle during the 38-minute men's singles match.
'Three manufacturing sectors can create jobs by the million: Apparel, food, and electronic assembly.' 'Let's talk to them and ask them what it would take to scale by a factor of ten,' suggests Naushad Forbes.
Summary of sports events and persons who made news on Wednesday
Nicholas Pooran kept LSG in the hunt even though wickets were tumbling at the other end. But Pooran's stay was cut short when Axar Patel took a sharp game-changing catch!
India's chess ace Viswanathan Anand returned to winning ways, upstaging World No 1 Magnus Carlsen in the fifth round of the Classical section early on Monday in the Norway Chess tournament.
Amputee long jumper Markus Rehm is running out of time to make the Rio de Janeiro Olympics in August as the world athletics body has not yet set the criteria for ruling if he can compete with his prosthetic leg. Nicknamed "Blade Jumper", the 2012 Paralympics gold medalist and 2014 German long jump champion hopes to become the second athlete with a carbon fibre running blade to compete in the Olympics after South Africa's Oscar Pistorius in 2012. But a new rule by the International Association of Athletics Federations (IAAF) requires amputee competitors to prove their prosthesis gives them no added advantage over other athletes. Competition Rule 144.3(d) bans 'the use of any mechanical aid, unless the athlete can establish on the balance of probabilities that the use of such an aid would not provide him with an overall competitive advantage over an athlete not using such aid.' In order to present his case to the IAAF, Rehm, who beat able-bodied athletes with a jump of 8.10 metres at the Glasgow Indoor Grand Prix in February, has asked for the criteria for this regulation but still not received a reply.
Two goals from Luis Diaz and one from Mohamed Salah helped Liverpool stroll to a 3-0 victory at Manchester United.
India's top-five finish not a given this time
'In the audience's mind there is no urgency to go see a film in the theatre.' 'If you pay for social media buzz it does not convert into bums on seats.'
Images from the T20 World Cup Super 8 Group 1 match between India and Bangladesh in Antigua, on Saturday.
As news of Hasina's departure spread, hundreds broke into Hasina's residence, vandalising and looting the interiors, providing dramatic expression to the anti-government protests that have killed more than 100 people in the last two days. At the centre of people anger is the Hasina government's controversial quota system reserving 30 per cent jobs for families of veterans who fought the 1971 liberation war. With volatile crowds taking to the streets -- some clambering on Hasina's father and Bangladesh founder Sheikh Mujibur Rahman's statue and smashing it with hammers in a lasting image underscoring the fickleness of history -- Army chief General Waqar-uz-Zaman announced that the 76-year-old prime minister has resigned.
Olympics is a high-stakes and high-pressure situation and anything can happen. Guessing a medal on the basis of statistics is difficult, says Neeraj Chopra's coach Klaus Bartonietz.
UN Secretary General Antonio Guterres had also made an impassioned plea for the UN to reflect today's world.
National-award winning actor, producer, hotelier, ex-politician, cricket team owner, philanthropist, highest tax payer, reality show judge, animal lover and, above all, people's hero -- Mithun Chakraborty -- who has been conferred the Dadasaheb Phalke Award -- is truly a force of nature, notes Sukanya Verma.
