Jigar Shah, chief executive officer, Maybank Kim Eng Securities is not certain that the DMart listing would trigger a re-rating of the Indian retailing sector.
The Maharashtra government will bring an ordinance to grant OBC quota in upcoming by-elections to a set of local governing bodies without crossing the Supreme Court-mandated 50 per cent cap on reservation, said state minister Chhagan Bhujbal on Wednesday.
In Odisha and Kerala, the BJP is being accused of engineering splits in the BJD and the Congress
Officials said on Thursday that the force recently issued a circular also asking its troops and other staff to avoid sharing official orders on WhatsApp and desist from discussing and sharing operational matters over social media.
Still, it is not expected to gain much strength and will likely trade around Rs 63.00 to the US dollar by the end of April.
'Want PM Modi to leave election management and start corona management'
The seasonally adjusted Nikkei India Services Business Activity Index fell to 50.2 in May, from 51.0 in April, pointing to the slowest growth rate in the current 12-month stretch of expansion.
With the BJP continuing to be the constant combatant, centrifugal pressures will rise. Fractured relations between the Centre and the states as between BJP and non-BJP ruled states is a sizeable risk owing ahead, warns Shekhar Gupta.
India's fuel sales fell in the first half of April as a record rise in prices in a short 16-day period dented demand, preliminary industry data showed on Saturday. Petrol sales fell almost 10 per cent in the first half of April when compared with the same period in the preceding month, while diesel demand slid 15.6 per cent. Even cooking gas LPG, which had consistently shown growth even during the pandemic period, saw a 1.7 per cent month-on-month fall in consumption during April 1-15.
About 67 per cent of Indian organisations whose data was encrypted paid a ransom to get back their data-a slight increase on the previous year when 66 per cent paid a ransom. In fact, Indian entities were the most likely to pay a ransom of all countries surveyed: the global average was just under a third (32 per cent). These were the findings of the global survey 'The State of Ransomware 2021' conducted by cybersecurity firm Sophos. The survey findings further stated that the total cost of recovery from a ransomware attack has more than doubled in a year, increasing from $761,106 in 2020 to $1.85 million in 2021 globally.
Channi's nephew Bhupinder Singh alias Honey was arrested in this case by the agency.
The 50-issue NSE Nifty in range-bound movements settled higher by 59.15 points, or 0.58 per cent, at 10,252.10.
The suspended Bharatiya Janata Party MLA was picked up under Act No.1 of 1986 (Preventive Detention Act), police said.
'They are trying to stoke emotions to build fear.' 'They have done nothing and that is why they are trying to divert attention.'
In a new report, the ADR said the BJP declared a total income of Rs 3,623.28 crore during the financial year 2019-20, but spent only 45.57 per cent (Rs 1,651.022 crore) of it.
Could a grand alliance between the Samajwadi Party, Bahujan Samaj Party and Congress -- built along the lines of the successful Bihar mahagatbandhan of 2015 -- have changed the outcome of the Uttar Pradesh election?
Political analysts say that with 32 per cent vote share, the BJP would still be ahead of what BSP had polled in 2007 or SP in 2012.
Jammu and Kashmir is likely to get around 25 lakh additional voters including outsiders after the special summary revision of electoral rolls being held for the first time after the abrogation of Article 370, an official said on Wednesday.
RBI seen cutting repo rate 25 bps on Sept 29, says a poll
Changes in global oil and gas rates matter more to India's economy than other major economies because the country imports around 87 per cent of its oil, half of its gas in the form of LNG, and over 60 per cent of its LPG.
Power, oil and gas, PSU, metal, banking, auto, capital goods, infrastructure and healthcare sector stocks witnessed heavy buying through the session.
The poll holding exercise has witnessed a whopping jump by 80 times to Rs 846 crore since 1952 when it was mere Rs 10 crore.
The 30-share Sensex ended down 39 points at 26,265 and the 50-share Nifty ended down 1 point at 7,954.
International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said. The world's best-known crude benchmark, Brent was trading at $94.91 per barrel on Thursday after concerns of a global recession led to it slipping to a six-month low of $91.51 on the previous day. The current rates are a relief to India, which is 85 per cent dependent on imports for meeting its oil needs.
A total of 76,56,478 people have recuperated from the infection so far, pushing the national recovery rate to 92.09 per cent, while the case fatality rate stands at 1.49 per cent.
As the dust finally settles on the outcome of the Lok Sabha elections 2019 and Bharatiya Janata Party along with its NDA allies emerges as the clear winner, here is a list of who won in each of the 7 phases of elections.
The basket of crude oil that India buys has hit a decade high of $121 per barrel, but retail selling prices of petrol and diesel continue to remain frozen. The Indian basket on June 9 touched $121.28, matching levels seen in February/March 2012, according to data available from the oil ministry's Petroleum Planning and Analysis Cell (PPAC). As per the PPAC, the Indian basket of crude oil averaged $111.86 per barrel between February 25 and March 29 - the immediate period after Russia's invasion of Ukraine sent oil on fire.
It is a difficult problem and will require the Union, state governments and civil society, meaning NGOs, to work together, points out Aakar Patel.
Democracy is the heart of our body politic and elections are its life blood. Because there is some disease that affects it, we cannot apply leeches to drain it off, killing the body in the process, asserts Shreekant Sambrani.
'At this moment, the Trinamool has an edge.'
The LJP, though, itself looked to have paid a big price in the process, as the Election Commission data showed that it could win just one seat while drawing around 5.7 per cent of votes. Paswan's party has, however, been instrumental in the JD-U's loss in at least 30 seats.
The Bharatiya Janata Party President said that it is difficult to make a guess who will win in Punjab.
The results will be declared on July 20 in New Delhi.
There was no clear winner between former chancellor Rishi Sunak and Foreign Secretary Liz Truss on Tuesday after the UK's prime ministerial candidates went head-to-head in their first television debate as finalists and clashed fiercely on their economic policies and tax plans.
From the 30-share pack, Asian Paints, Reliance Industries Limited, Bajaj Finance, Mahindra & Mahindra, Indusind Bank, Bajaj Finserv, Maruti Suzuki, HDFC Bank and UltraTech Cement were the major gainers, jumping up to 5.56 per cent.
Within 24 hours of the announcement of poll dates, traction on poll-based apps has risen drastically, report Karan Choudhury and Neha Alawadhi.
In a maiden initiative, the Election Commission has introduced e-filing of affidavits by candidates for the forthcoming Lok Sabha and assembly polls.
Asaduddin Owaisi's AIMIM, which is going to contest next year's Uttar Pradesh Assembly polls on the promise of creating leadership among Muslims, has created unease in the political parties that so far considered the members of the minority community as their core "vote bank".
Guidelines have been issued by the Commission for safe conduct of the electoral exercise in the midst of the raging COVID-19 pandemic. These guidelines include lowering the maximum number of voters for a polling booth from 1,600 to 1,000, staggering the polling hours and extending postal ballot facility to those above 80.
West Bengal Chief Minister Mamata Banerjee on Monday asserted that she would win the ongoing state polls despite injury and eventually aim for power in Delhi.
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