The biggest challenge will be to convert his regime into a coalition of minds. But given the fact that he is instinctively an authoritarian leader and supporter of the hard Hindutva line, the survival of his government will depend on his ability to balance between his heart and mind, between instinct and pragmatism, asserts Nilanjan Mukhopadhyay, author of Narendra Modi: The Man, The Times.
The stock of Mahindra & Mahindra (M&M) has been touching successive all-time highs on the bourses and, over the past year, gained 81 per cent. While the S&P BSE Auto Index has not performed poorly, registering gains of 73 per cent, it still trails the company by 800 basis points (bps) during this period. There are multiple reasons why investors are beating a path to M&M's counter.
According to Standard & Poor's index services monthly global stock market review, global equity markets after three months of consecutive gains declined 0.58 per cent in June with emerging markets giving negative returns of 1.45 per cent. Indian stock markets gave the highest returns of as much as 60.6 per cent in the three months period between April to June, despite witnessing a loss of 2.17 per cent in the month of June.
The camaraderie with doubles partner Shahar Peer did not come in the way as Sania Mirza overcame the fifth seeded Israeli in three sets to reach the second round of the Japan Open tennis tournament in Osaka on Monday. With the two players fully aware of each other's game, it was an intense one hour 52 minutes' battle, at the end of which the Indian ace finished with a hard-earned 3-6, 6-3, 6-4 victory.
Henri Kontinen and John Peers stunned the Bryan twins 7-5, 7-5 to win the Australian Open men's double title at MelbournePark on Saturday.
Maintaining the balance of gut microbiota is important as an imbalance, also known as dysbiosis, can cause or aggravate different diseases, including but not limited to digestive problems such as inflammatory bowel syndrome, mental health issues like anxiety and depression and menstrual problems.
A noticeable presence of protestors outside the venue failed to stop Olympic champion Elena Dementieva from marching into the semi-finals of the Auckland Classic on Thursday.
rediffGURU Krishna Kumar offers expert advice on how you can polish your skills and perform better at work.
The Pakistani Express Tribune said that Ahmed put up the bounty in retaliation of the US reward for the capture of LeT founder Hafiz Saeed.
Dismissing the petitions, a bench headed by Chief Justice Satish Chandra Sharma said Google Pay is "mere third-party app provider" which requires no authorisation from RBI under the Payments and Settlement Systems Act.
The Indian rupee is down nearly 2 per cent against the US dollar since the beginning of January 2019. Experts attribute the Indian rupee's relatively poor performance to a sharper-than-expected fall in economic growth in India.
The compulsory peer reviews of auditors' notes for Sensex and Nifty companies for Q3 results of the last fiscal and full-year results of 2007-08 have proved a virtual non-starter, owing to confusion over its scope and the appointment of auditors.
Cities have also see a decline in the savings rate.
Local tennis fans would have boycotted the Dubai Open if Israeli player Shahar Peer was allowed to compete, organisers said. The UAE, which has no diplomatic links with Israel, denied Peer a visa for the WTA tournament. 'Public sentiment remains high in the Middle East and it is believed that Ms Peer's presence would have antagonised our fans who have watched live television coverage of recent attacks in Gaza,' said a statement by tournament director Salah Tahlak.
Analysts remain bullish on the road ahead for the equity markets, but warn against volatility on account of domestic and global cues. The upcoming Lok Sabha elections back home and the interest rate trajectory of the US Federal Reserve, they said, will be the two most important factors that the markets will keep a tab on. That apart, the valuation of the Indian markets, they feel, will also be eyed in context of how global peers are performing.
Serious AESI, which included stroke and Guillain-Barre syndrome, were reported in one per cent of individuals, the study, which looked at long-term safety of the BBV152 vaccine in adolescents and adults, claimed.
From the Sensex basket, Tata Consultancy Services, Nestle, Bajaj Finserv, Wipro, Maruti Suzuki India, Reliance Industries, Larsen & Toubro and NTPC were the major laggards. Tata Steel, Bajaj Finance, JSW Steel and Bharti Airtel were among the gainers.
Shares of ICICI Bank may outperform those of HDFC Bank in the near-term, analysts said recently, after the Sandeep Bakhshi-led private sector lender reported a strong set of numbers for the July to September quarter (Q2) of financial year 2023-24 (FY24). The result, they said, reiterated that ICICI Bank is maintaining a sustainable and prudent growth led by tech-driven initiatives as against HDFC Bank, which is facing merger related challenges. According to analysts at Prabhudas Lilladher, ICICI Bank is valued at par with HDFC Bank at 2.2x/1.9x on FY25/26E core adjusted book value (ABV) basis.
A high rate of economic growth seems to be taking a toll on people's work-home balance and more Indians are overworked than their global peers, according to a survey.
Indian stock markets are expected to be driven mostly by global factors this week amid a lack of local triggers and earnings season largely coming to an end, say analysts. Crude oil prices, rupee movement and US Federal Reserve meeting minutes to be released this week will also influence the market sentiment. "With the earnings season behind us, global cues would largely dictate the trend in the coming week," Ajit Mishra, SVP - technical research, Religare Broking Ltd, said.
Listening to her and showing appreciation can improve your connection, suggests rediffGURU Kanchan Rai.
Tata Motors, India's third largest passenger vehicle maker, took pole position in the competitive sport utility vehicle (SUV) market in October, reveals the data from industry sources. Riding high on the Punch - the sub-compact SUV offering launched on October 18 - the Tata group flagship sold a record 23,381 units in October, higher than 20,022 units sold by archrival Mahindra & Mahindra, 18,538 units sold by Hyundai Motor India, and 15,931 units sold by Kia Motors India. Utility vehicles - that include SUVs and multipurpose vehicles - accounted for almost one in every two passenger vehicles sold in India in the first seven months of the current financial year, according to the Society of Indian Automobile Manufacturers.
Tata Consultancy Services (TCS), India's largest IT services firm, is planning to increase salaries by an average of 7-8 per cent for its offsite employees and 2-4 per cent for its onsite staffers in 2024-25. High performers can expect a raise of 12-15 per cent. The company, which had a headcount of 603,305 as of December 31, 2023, will be closely looking at the promotions and the process may also get pushed to the first quarter of FY25, revealed a source on condition of anonymity, because he is not authorised to speak to the media.
Exchange-traded currency derivatives volumes are likely to drop in view of new Reserve Bank of India (RBI) rules, casting a cloud over further participation of retail investors and proprietary traders. There are concerns that existing positions without any underlying exposure will need to be liquidated. Also, weighed down by dollar demand from local oil companies and weakness in its Asian peers, the rupee on Wednesday (April 3) ended at a new closing low of 83.44 versus the US currency.
Among the Sensex firms, Kotak Mahindra Bank, UltraTech Cement, Mahindra & Mahindra, Larsen & Toubro, ICICI Bank, IndusInd Bank, Wipro and Hindustan Unilever were the major laggards. Sun Pharma, Bajaj Finance, Bharti Airtel, Reliance Industries, Bajaj Finserv and Titan were among the winners.
Politics is not on the radar of 18 to 21-year-old Indians, reveals Rama Bijapurkar.
Prime Minister Narendra Modi on Friday received Bhutan's highest civilian award, the 'Order of the Druk Gyalpo', making him the first foreign Head of the Government to receive the honour.
The Indian ace hopes her decision to renew her doubles partnership with Israel's Shahar Peer at Wimbledon does not stir up another religious storm.
This activity will allow us to identify those jurisdictions where either the legal framework is not good enough or practices are not good enough and, therefore, information is not flowing.
Utkarsh Mishra's impressions of the Narendra Modi roadshow in Varanasi.
IT service company Wipro on Friday reported 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about Rs 2834.6 crore, and cautioned that the macroeconomic environment remains "uncertain". The Bengaluru-headquartered company, which recently saw a change of guard with Srinivas Pallia taking over at the helm as the new chief executive officer, has given an IT Services revenue growth guidance in the (-)1.5 per cent to +0.5 per cent band for June quarter on a constant currency basis.
'Historically, the markets tend to perform well during election years as governments aim to increase spending and call attention to growth.'
The Indian manufacturing sector has registered gross profits and sales growth rates amounting to double the figures of global manufacturers, according to a Global Benchmark Study by Deloitte.
The unemployment rate for women was last this low around Diwali in 2022. The unemployment rate has dropped for women from 14.9 per cent in December 2023 to 11 per cent in January 2024, according to data from the Centre for Monitoring Indian Economy (CMIE). It was higher in January 2023 at 13.5 per cent.
NSE Nifty ended at 5,567, down 14 points.
The 51-year-old peer, the son of the 11th Duke of Marlborough, is out on bail pending further probe.
The Indo-Israeli pair survived a scare from Tatiana Poutchek and Anastasia Rodionova before making the grade.
Among Sensex shares, Bajaj Finserve, ICICI Bank, Bharti Airtel, Bajaj Finance, Sun Pharma, Maruti Suzuki, ITC, and Nestle were the lead gainers. On the other hand, L&T Wipro, IndusInd Bank and TCS and Tata Motors were the lead losers.
Tata Motors is likely to exit the S&P BSE Sensex and the Nifty50 indices once the demerger process of its commercial vehicle (CV) and passenger vehicle (PV) businesses is complete, analysts at Nuvama Institutional Equities said. They have compared the development with Reliance Industries (RIL) and Jio Financial Services, which got listed separately and eventually (in the next few days) got excluded from the domestic indices.
Daniela Hantuchova maintained her good form at Pacific Life Open with a gritty 6-2 5-7 7-6 victory over Israeli 11th seed Shahar Peer in the quarter-finals on Wednesday.
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