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.
Godrej Consumer Products (GCPL) reported 6 per cent year-on-year (Y-o-Y) consolidated net revenue growth in Q4FY24 to Rs 3,385 crore and this was impacted adversely by currency movement. The constant currency (CC) growth would have been 30 per cent Y-o-Y in Q4FY24. India business clocked 12 per cent Y-o-Y revenue growth (5 per cent of it organic) with volume growth of 15 per cent Y-o-Y (7 per cent organic).
Tamil Nadu has the most efficient and effective cadaver transplant programme in India.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
India's star pacer Mohammed Shami, who has been declared as the recipient of the Arjuna Award, said that it is a dream come true for him to be the recipient of India's second-highest athletic honour.
By undertaking medical mercy missions, the Indian Air Force will win immense political and national goodwill.
'Mood is upbeat as first teams arrive in the Olympic Village,' says India's Chef-de-Mission Gagan Narang
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
ITC highlighted that legal cigarettes account for 9 per cent of tobacco consumption in India, but 80 per cent of tax collection is from tobacco products. While illicit cigarettes account for roughly one-third of the market share, legal cigarette volumes have recovered to around 96 per cent of peak FY13 volumes, after dipping to 70 per cent in FY21.
The rally in the equity markets in the second half of 2023 has led to a sharp surge in the cutoff for stocks to qualify as largecaps and midcaps. On the latest list put out by the Association of Mutual Funds in India (Amfi), the smallest largecap stock now has a market capitalisation (m-cap) of Rs 67,000 crore, 35 per cent higher than in July 2023. In the case of midcaps, the cutoff has surged 26 per cent to Rs 22,000 crore.
There are reports that the government will soon cut income taxes by about Rs 50,000 crore to boost consumption.
Prime Minister Modi, I suggest that, instead, you distribute about one lakh crore rupees per year to the 80 crore poor, which will boost both consumption and economic growth, suggests Kalyan Singhal, McCurdy Professor of Business at the University of Baltimore.
After a spike in crude oil and gas prices in October following the Hamas terror attack, prices eased down 9 per cent month-on-month in November. The Organization of the Petroleum Exporting Countries (Opec) and Opec+ agreed to a further voluntary production cut in January-March 2024 to try and support global crude prices. The best guess here is that crude prices (currently at $75/barrel, or bbl) will not likely cross significantly above $80, and gas prices are also likely to remain subdued unless there's a further escalation in the Israel-Hamas conflict.
UltraTech Cement's third quarter of financial year 2023-24 (Q3FY24) performance saw a combination of 6 per cent year-on-year (Y-o-Y) volume growth and 8 per cent revenue growth coupled with better realisations per tonne. The earnings before interest, taxes, depreciation, and amortisation (Ebitda) stood at Rs 3,250 crore and Ebitda per tonne was Rs 1,191. Profit after tax (PAT) was reported at Rs 1,780 crore. Other income dipped and interest costs rose.
Since their highs in September, chemical stocks have underperformed the benchmarks and broader indices over the past month with larger players witnessing a 9-22 per cent fall during this period. Expectations of weak September quarter results amid high inventory, demand woes and weak realisations have led to the underperformance.
The transplant surgery was performed recently at the Sir Ganga Ram Hospital in central Delhi.
Margins for the oil refining and retailing sector have moved off their peaks, and the average integrated margins (refining plus marketing) for oil marketing companies (OMCs) have normalised. The ascent in crude oil prices, combined with static retail prices, has depressed marketing margins for diesel and petrol. However, the fall in marketing margins has been offset by increased gross refining margins (GRMs).
Stocks of gold jewellery retailers have been able to retain their sheen in 2023 despite volatile gold prices. Kalyan Jewellers, Titan, PC Jewellers, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri (TBZ) have rallied 21-72 per cent so far since April as compared to a 13 per cent gain in the benchmark Sensex index. The rally gained steam on the back of gold's 6 per cen
A likely turnaround in profitability margins in the March quarter (Q4FY23) will not be enough to lift the outlook for paint stocks due to volatile crude oil prices and rising competition in the sector, analysts say. Hence, they advise investors to avoid the sector over the short-to-medium term despite the heavy correction in the stocks since last year. Shares of Asian Paints, Berger Paints, Indigo Paints, Nerolac and Pidilite have shed 6-32 per cent over the last 6 months versus a 3 per cent rise in the benchmark Sensex.
'After greeting Prince Charles with a traditional bow, moving away from protocol, I also did a namaste, which HRH reciprocated twice -- once before the award presentation and the second time just before I left him.'
Prime Minister Narendra Modi on Sunday was honoured with the Lata Deenanath Mangeshkar award and remembered the iconic singer as an artiste who was an integral part of nation-building.
Legendary singer Lata Mangeshkar, who was in the intensive care unit of Mumbai's Breach Candy Hospital, passed away on Sunday morning. She was 92.
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Ajit Mishra, vice president, research, Religare Broking, answers your queries.
India is not keen to 'bow down' to demands related to indemnity against legal liabilities in case any vaccine recipient develops severe adverse reactions post inoculation.
Kidney scouts roam around the labour markets in the poorest districts of Bihar, West Bengal, Uttar Pradesh, Tamil Nadu and Delhi in search of potential donors.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
All the accused had moved for bail on August 13 after the court remanded them to 14-day judicial custody till August 26.
Booster doses of COVID-19 vaccines are the easiest barrier that must be created immediately against Omicron, according to eminent virologist Dr T Jacob John, who noted that it may not seed the third wave of the pandemic, but breakthrough infections may be common due to the new variant.
In a major surgery, doctors at Fortis Escorts Heart Institute transplanted the heart of a 30-year-old IT professional, who was declared brain dead, on a 16-year-old boy, giving him a new lease of life.
The racket came to light when the police were tipped off that a kidney transplant operation had been scheduled on July 14 at the privately-run Hiranandani Hospital where donor and recipient were not related.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Byju Classes' founder Byju Raveendran, Zomato co-founder Gaurav Gupta, CEO of Antara Senior Living, Tara Singh Vachani, Vinati Organics' MD & CEO Vinati Mutreja and Swapan Mehra, CEO of Iora Ecological Solutions are among 115 young leaders.
His post-operative recovery was being closely monitored by a team of transplant surgeons, endocrinologist, nephrologist, cardiologist, pulmonologist and critical care experts among others.
As the world waits with baited breath to know who will win the Nobel Peace Prize 2013 -- to be announced on Friday -- we take a look at some of the frontrunners in the race for the most prestigious honour.
Each vaccination session will cater to a maximum of 100 beneficiaries and the Union Health Ministry has advised states not to organise 'unreasonable numbers of vaccination per site per day'.
The surgery will be performed by a team of experts constituted by AIIMS.
Legendary Bengali semi-classical singer Sandhya Mukherjee, who had worked with leading music directors such as S D Burman, Naushad and Salil Chaudhury died on Tuesday evening following a massive cardiac arrest, leaving behind millions of mourning fans of all ages across borders.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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