Crowd roar as Xi opens Hangzhou Asian Games
Industrial metals (ferrous and non-ferrous) suffered great volatility once the Ukraine War began in February 2022. First, there was a sharp price rise due to fears of supply disruption, followed by weak global demand. China's weakness and rolling lockdowns have hit production and demand.
The wrestlers protesting at the Jantar Mantar, about two kilometres from Parliament, said that they will go ahead with their 'Mahila Mahapanchayat' near the new building at any cost.
Wadia Group-owned Go First Airways' (Go First) insolvency plea could trigger a 'momentum rally' in shares of rival airlines, Interglobe Aviation (parent company of IndiGo) and SpiceJet, as they look to gain bankrupt airline's market share, said analysts. On the bourses, shares of InterGlobe Aviation hit a 52-week high of Rs 2,235.95, surging 8 per cent on the BSE in Wednesday's intra-day trade, before settling 4.5 per cent higher at Rs 2,164 apiece. Those of SpiceJet and Jet Airways, meanwhile, rallied up to 6 per cent in the intra-day trade, and ended 1 per cent and 5 per cent higher, respectively, following the development, which was announced post market hours on Tuesday.
The "Kiss of Love" bandwagon on Saturday reached the national capital where a major confrontation was avoided by police when it prevented around 60 protesters, mostly students, from reaching the RSS office in central Delhi where they wanted to stage a demonstration.
'Hindus and Muslims live here peacefully. People who were in the procession must be outsiders and not Jahangirpuri locals.'
End users should take the plunge despite higher home loan rates as these tend to be cyclical.
Notwithstanding the inflation pinch, analysts believe the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment and discretionary purchases bounce back from the Covid-19 pandemic. "The shift in consumer preference from the unorganised sector to the organised, coupled with uptick in domestic demand as people resume work from office, will cheer the Indian retail sector," says Nishit Master, portfolio manager, Axis Securities. Shopping malls are witnessing increased footfall in lower tier towns and standalone stores as consumption picks up and mobility improves.
Coming Wednesday, Finance Minister (FM) Nirmala Sitharaman will present the 2023 Union Budget - the last full Budget ahead of the 2024 Lok Sabha elections. While India exited 2022 as a relatively bright spot in the global economy, the FM will endeavour to present a Budget that insulates India's economy against global headwinds and recession in advanced economies, while sticking to the path of fiscal consolidation. In this, she is being helped by her core team of trusted advisors.
What's even more worrying is the age distribution.
A man was shot dead in police firing in Telangana's Secunderabad, trains went up in flames, and public and private vehicles attacked, as railway stations and highways turned into battleground in many states on Friday amid burgeoning protests against Agnipath, the contentious defence recruitment scheme.
The researchers noted that people who are fully vaccinated can still become infected with SARS-CoV-2 and can carry a viral load similar to those who are unvaccinated.
Amid the ongoing festival season in the country, the hiring of gig workers has zoomed across sectors as the businesses have begun opening up leading to an uptick in consumer sentiments and rising pent-up demand, according to experts. "In the third quarter, with the onset of festive season, we are witnessing a 400 per cent spike in the hiring for gig workers. Earlier, in the first quarter of this year, as many businesses and companies were not operating at full strength, growth was muted. "However, things began picking up and became more promising from the second quarter, as the demand for gig workers across sectors grew," Taskmo, a subsidiary of Quess Corp, co-founder Prashant Janadri told PTI.
Entire north India on Monday plunged into the worst power crisis in a decade throwing normal life out of gear for several hours in eight states with collapse of the Northern Grid early morning.
Train movement halted between Andheri and Churchgate railway stations as the power supply stopped, Western Railway's chief public relations officer Sumit Thakur said.
Delhiites woke up to the sound of thunder and lightning this morning and, according to the weather department, the city recorded 117.9 mm rainfall from 5:30 AM to 2.30 PM.
Police used batons and teargas shells to disperse the violent mob, but denied firing at them.
Gadkari said, infrastructure sector including highways, airports, inland waterways, railways, logistic parks, broad gauge and metro, apart from MSMEs can attract large scale foreign investment.
Prime Minister Narendra Modi on Friday said India's growth story is being disrupted by forces with a colonial mindset, including in the name of freedom of expression.
Reliance Retail has bought a 25.8 per cent stake in Dunzo, India's leading quick commerce player, for $200 million (around Rs 1,488 crore) as it looks to expand its presence in online grocery delivery business. Dunzo has raised $240 million (about Rs 1,787 crore) in its latest funding round that was led by Reliance Retail Ventures Ltd (RRVL) - the retail arm of Reliance Industries, the two firms said in a statement. Existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital also participated in the funding round.
The nationwide strike called by Left parties and their allies to protest Centre's "failure" to check price rise on Tuesday hit normal life across the country.
Reacting sharply to the Global Hunger Report 2021, the Women and Child Development Ministry said it is 'shocking' to find that it has lowered the rank of India on the basis of FAO estimate on proportion of undernourished population which is found to be 'devoid of ground reality and facts, and suffers from serious methodological issues'.
Police said farmers have been allowed to hold peaceful protest at the Nirankari Ground in north Delhi.
Consumers can expect a 5G launch in the country soon. Telecom companies (telcos) say if auctions take place on time - the target is July - they would be able to offer some services in a few cities by the end of this year and a full roll-out from 2023. But the question is: will 5G turn the tables for telcos financially? Will average revenue per user (ARPU) improve? Will mobile consumers upgrade to 5G quickly and pay more? Will the expanded functions that 5G enables drum up sufficient revenues? In simple terms, will telcos make more money?
The students have been protesting against hostel fee hike. They had sought appointment with the Prez.
'90 per cent of the food and grocery business is still with the kiranas.' 'If kiranas are not allowed to operate, it becomes a serious issue.'
After an impressive turnout on Sunday, the morning crowd at the fast venue of Jantar Mantar in New Delhi was just around 400 with organisers blaming the low turn out on rains and disruption in Metro services due to collapse of the Northern Power Grid. They said they expect the crowd to swell as the day progressed.
The Reserve Bank's growth projection for next financial year is lower than 8-8.5 per cent projected by the finance ministry in the recent Economic Survey which was tabled in Parliament on January 31. Unveiling the bi-monthly policy, RBI governor Shaktikanta Das said, "Recovery in domestic economic activity is yet to be broad-based, as private consumption and contact-intensive services remain below pre-pandemic levels."
State-owned oil marketing companies on Wednesday stopped jet fuel supplies to Air India in the four metros after cheques from the national carrier towards payment for fuel bounced, raising fears that the airline's flight schedules might be badly disrupted.
Farmers gathered at several national highways, key roads and some railway tracks in Punjab and Haryana on Friday morning as part of their nationwide protest against the Centre's new agri laws.
Delhi recorded an air quality index of 315 at 11:10 am. The last time the air quality hit such a poor level was in February.
The analyst said since servicing of principal and interest on loans will beome challenging for mall operatos in the next couple of months.
In 2020 a round of hikes in customs duty on components like compressors, motors and printed circuit boards aggravated the situation, coronavirus crisis is now leaving manufacturers with no option but to hike prices despite fall in sales.
FMCG firms such as ITC, Parle Products, Marico, Emami, PepsiCo India and CG Corp Global on Wednesday assured uninterrupted supply of their products based on the learnings from the last year's lockdown, even as surge in COVID-19 cases in India forced Maharashtra to declare a 15-day curfew while other states also imposing various restrictions.
India will shortly unveil a 'One Nation-One Card policy' for public transport that will entail connectivity between various modes of transport
Live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech have made their mark.
Barring stray incidents of violence like stone pelting, the shutdown called by the MVA allies Shiv Sena, the Congress and the Nationalist Congress Party was largely peaceful.
The airport operations are likely to be disrupted as the employees have threatened to start an indefinite 'non-cooperation movement' from march 12 after the government today rejected their demands for continuing operations of Bangalore and Hyderabad airports. The existing airports in both the metros are to be closed down once the new greenfield airports launch their operations.
Protesting farmers owing allegiance to different farmers' bodies blocked state and national highways at several places on Saturday, causing inconvenience to commuters.
More than 25 aircraft of Jet Airways has been grounded by lessors due to non-payment of lease rentals. The airline, which started the winter schedule with 103 planes, is now down to 83.
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