Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks.
Banks reported muted treasury gains during April-June of FY25 (Q1FY25) following Reserve Bank of India's (RBI's) revised norms on investment portfolio effective from April 1, 2024, despite softening of government bond yields. "Banks have reported muted treasury gains during Q1 of FY25 despite softening of yields across the curve. "The main reason was change in the investment valuation and classification guidelines by the RBI.
Most members of the Reserve Bank of India's monetary policy committee (MPC) decided to stick to the course on bringing retail inflation to the target of 4 per cent while voting for maintaining status quo in the April review, except external member Jayanth Varma who voted for a 25 bps cut in the repo rate. "I believe that the extant monetary policy setting is well positioned," RBI governor Shaktikanta Das said in the minutes of the policy review, which came out on Friday. "Monetary policy transmission is continuing and inflation expectations of households are also getting further anchored.
Apollo Hospitals Enterprise (APH) delivered an in-line performance for the April-June quarter of the financial year 2024-2025 (Q1FY25)with growth in the number of patients. AHLL (Apollo Health & Lifestyle), a subsidiary, posted sales growth and profitability. APH also reduced operational costs at Healthco.
'Investment creates capacity and reduces inflation. Income, employment, and savings rise.'
The former chief minister said if there was any danger of his losing from Budgam, then his party colleagues would not have allowed him to contest from Budgam.
The government on Tuesday proposed reducing the long-term capital gains tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers.
Telecom operators stressed that differential pricing for data is necessary for growth.
The logo of any national institution ought to capture the aspirations of all citizens in an equal manner and, by remaining neutral in all respects thereby, eliminating any possibility of any part/section of society feeling aggrieved, the IMA said.
Of late, net neutrality has generated much debate.
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.
Flipkart may walk away from ongoing discussions with telecom service provider Airtel for their platform 'Airtel Zero'.
Pakistan Cricket Board CEO Wasim Khan on Saturday hinted that India's league matches in the Asia Cup, which it will be hosting, could be held at a neutral venue if the sport's continental body gives the nod. Pakistan is scheduled to host the Asia Cup T20 tournament in September this year but there remains doubts over India's participation considering the prevailing political climate.
Sunil Gavaskar, chairman of the ICC Cricket Committee, said the neutral umpire system eliminates the suspicion of bias.
The critics say the move is against the interest of the consumers and favours big corporate companies.
India all-rounder Vijay Shankar insists he is not losing sleep over his selection.
Brokers believe that the higher charges may not completely deter investors from taking bets in F&O but could help cool down some activity, as the threshold to break even rises.
Fresh order wins for capital goods and industrial companies may have seen a major slump due to Lok Sabha polls in the first quarter of the current financial year (Q1FY25). At the same time, revenue and profit growth trajectory is expected to have stayed the course, according to brokerage firms. Elara Capital, Motilal Oswal, and InCred Equities expect this sector universe to report a 12- 21 per cent growth in revenue, 21 -36 per cent growth in Ebitda and 24-38 per cent growth in profit on a year-on-year (Y-oY) basis.
Novak Djokovic beat 14-times French Open champion Rafael Nadal in straight sets at the Paris Olympics on Monday.
Samiksha is a carbon copy of her sister, actor Bhumi Pednekar.
The company has added over 1,300 sites across the two states.
Aadhaar architect becomes most visible face to oppose Facebook plan
Ukraine and Russia need to engage with each other to find a solution to the ongoing conflict between them, India said on Friday after Prime Minister Narendra Modi held wide-ranging talks with President Volodymyr Zelenskyy in Kyiv under the shadow of the raging war.
Mahanagar Gas (MGL) has just hiked prices for compressed natural gas (CNG) and domestic piped natural gas (PNG) in the Mumbai Metro Area. The distributor raised prices by Rs 1.50 per kilogramme (kg) for CNG, bringing the price up to Rs 75 per kg, including taxes. Domestic PNG prices were hiked from Rs 1 per standard cubic meter (SCM) to Rs 48 per SCM, inclusive of taxes.
Dr Reddy's Laboratories (DRL) is set to acquire Haleon's global portfolio of consumer healthcare brands in the nicotine replacement therapy (NRT) category outside of the US. DRL will pay a total consideration of 500 million, including an upfront cash consideration of 458 million and contingent cash payments up to 42 million based on performances in CY25 and CY26. DRL will acquire the portfolio through the purchase of shares of Northstar Switzerland SARL, a Haleon group firm.
Observing that there is a trust deficit between farmers and the government, the Supreme Court on Wednesday proposed constitution of an independent committee comprising eminent persons to reach out to the protesters to find a solution to their demands.
In a dazzling showcase at Apple Park, Apple on Monday introduced its latest technological marvels, including the much-anticipated iPhone 16 lineup. The event, held at the newly inaugurated Observatory building, featured an array of exciting updates that promise to redefine the smartphone experience.
IndiGo share price today: IndiGo share price fell as much as 4.8 per cent to a low of Rs 4,275 per share on the BSE in Monday's intraday trade as investors booked profit in the stock post a its April-June quarter (Q1) results for financial year 2024-25 (FY25). The stock ended 1.36 per cent lower at Rs 4,430 as against a 23-points gain in the benchmark BSE Sensex. The selling also got exacerbated as the management commentary, post Q1FY25 results, highlighted that inflationary pressure could likely dent July-September (Q2FY25) performance.
Larger listed domestic-focused tyre companies have underperformed the benchmarks in the last three months but exporter Balkrishna Industries has bucked the trend. The company, which exports off-highway tyres, has generated 43 per cent returns in this time compared to MRF and Apollo Tyres, which are down 5-10 per cent. In addition to better-than-expected performance in the March quarter, exports and market share gains have helped Balkrishna pull ahead of peers.
President Vladimir Putin said on Thursday he supported Russians competing at the 2024 Paris Summer Olympics but that the country should ponder whether it should compete.
At least 488 Ukrainian athletes and trainers have been killed since early 2022, around two dozen of whom had been European or world champions in their discipline, according to sports ministry spokesman Serhiy Bykov.
Transcript of Nikhil Pahwa's chat with Rediff readers.
Its pre-consultation paper has been silent on the issue of closed electronic communication network, a loophole telcos can exploit to offer discriminatory pricing.
A DoT panel has backed net neutrality and made some recommendations to push the cause
In retrospect, it appeared that the bitterness of the war was still strong and the Ukrainian success in occupying Russian territory just a few days ago had added to the complexity of the situation. The positive US response to the visit, however, remains a silver lining in the dark clouds, notes Ambassador T P Sreenivasan.
Former ISI DG Faiz Hameed's arrest sends a strong message to PTI supporters that Imran Khan's culpability for the May 9, 2023 violence could well be drawn within the purview of military courts, especially if General Hameed turns approver to save his skin, explains Rana Banerji, who headed the Pakistan desk at RA&W.
Company has already reached out to its customers and employees
Karnataka Governor Thaawarchand Gehlot on Saturday accorded sanction for prosecution of Chief Minister Siddaramaiah in connection with Mysuru Urban Development Authority (MUDA) site allotment 'scam', giving a major jolt to the nearly 15 month old Congress government.
Rahul Gandhi took a dig at PM Modi, saying his 'Digital India' scheme cannot become a "euphemism" for an Internet controlled by large remote corporations.
Bangladesh Cricket Board (BCB) has ruled out a neutral venue for their home series against England should the visiting team cancel their tour of the south Asian country after the July 1 attack at an upmarket Dhaka restaurant that left 20 dead.
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