After underperforming its peers in the consumer space in 2022-23, and experiencing a mixed bag in the 2023-24 (FY24) April-June quarter (first quarter, or Q1), brokerages are positive about the medium-term outlook for liquor stocks. Higher raw material costs, concerns regarding increased duties, regulatory changes, and competitive pressures weighed on performance returns in the past quarters. Analysts believe that the sector could experience a reversal of fortunes due to better demand and margin improvements.
India's manufacturing sector continued with its robust performance in November, mainly on the back of substantial easing in price pressures and strengthening demand from clients, a monthly survey said on Friday. The strong performance of the manufacturing sector is expected to continue in 2024 as well. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose to 56 last month from the eight-month low level of 55.5 recorded in October.
Sukanya Verma gives us five reasons to look forward to December 1 when Animal's father-son tale unleashes itself on screens.
Corporate India reported high double-digit growth in net profit for the fourth consecutive quarter in October-December 2023 (Q3FY24), driven by margin gains from lower prices of raw material and energy.
Ananya Chakravarty (52), who was an inspector in Research and Analysis Wing (RAW) and was posted as a field officer in the Cabinet Secretariat, was found hanging from a fan while the bodies of his wife Jaishri, son Arnab (17) and daughter Disha (12) bearing blunt injury marks were found in the house which was bolted from inside, police said.
It's all eyes on the consumer durables sector during the festival season after a weak Q1FY24 and Q2FY24 was impacted by an erratic monsoon. Traditionally, this period sees the highest number of purchases. Dealers and manufacturers are complaining about low business-to-consumer (B2C) off-take during the first half.
The Congress on Tuesday said the country's interests and concerns must be kept paramount and its fight against terrorism has to be uncompromising, amid a row between India and Canada over the killing of a Khalistani separatist leader in that country.
Due to unseasonal rains, the second quarter of financial year 2023-24 (Q2FY24) was disappointing for the room-air conditioner (RAC) segment and Q3FY23 was also slow. While general consumption demand was low in Q3FY24, the low base and the pent-up demand from the first half of financial year 2023-24 (H1FY24) seem to have driven an off-season demand for RACs.
The papayas from Mumbai were too squishy, the chef raced through the streets of Goa in a police jeep to look for fruit ripened just right only to have security personnel puncture many a hole through them... a new book recalls in detail the struggle to procure and plate perfect papayas for Indira Gandhi during a Commonwealth Heads of Government Meeting (CHOGM) in 1983.
State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on petrol has trimmed due to recent firming up in international oil prices, industry officials said detailing reasons for continuing to hold retail prices. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), who control roughly 90 per cent of India's fuel market, 'voluntarily' have not changed petrol, diesel and cooking gas (LPG) prices for almost two years now, resulting in losses when input cost was higher and profits when raw material prices were lower.
He went missing after his wife filed an affidavit in a court in Kolkata in 2005 that alleged he is a Bangladeshi national, sources in the intelligence agency said.
The new leadership will be to have such an introspective exercise. The RAW has done great work in the past. It is capable of similar great work in the difficult years to come with the right critical approach and self-correcting action, says strategic expert B Raman.
Liquid and powder raw materials worth Rs 2.73 lakh, chemicals worth Rs 2.59 lakh, besides vehicles, two country-made pistols, four magazines, and 14 cartridges were seized from seven accused, he said.
Hindustan Unilever's Q3FY24 performance was lacklustre, with both sales and operating profit barely moving from the year-ago period due to price cuts and higher advertising costs. Besides weak demand, the FMCG (fast-moving consumer goods) major is facing increased competitive pressures, particularly from regional players, which, coupled with a slow recovery in rural markets, could put revenues under pressure going forward. Margins are expected to remain range-bound as benefits from falling raw material costs are expected to be neutralised by rising promotional budgets.
The panel headed by Justice (retired) Ritu Raj Awasthi has submitted its report to the government, calling for an exhaustive overhaul of the law.
China has scrapped tariffs and value-added taxes on core equipment, components, and raw materials imported and used in civilian high-tech projects.
Jackfruit curry is an unsual dish to make and keeps both vegetarians and non-vegetarians happy.
Cricketers, shaped by diverse journeys from unexpected corners of the country, serve as a testament to the power of unwavering belief.
'For the first time ever it has come below 1 per cent, at 0.97 per cent.'
Raw green chickpeas is nicest lightly boiled with chopped onion. But try this take.
This flavoursome curry is everything you would want on a lazy week night. Try it!
The sengol must revert to where it belongs -- behind a glass case and not figure in ceremonies concerning India's democracy, argues Shyam G Menon.
When it comes to desi swag, very few can beat Aishwarya Sushmita.
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.
Fundraising through qualified institutional placement (QIP) has revived this year, led by commercial banks, after a lacklustre 2022. According to data compiled by Prime Database, Indian companies have raised Rs 53,070 crore in 2023 so far, of which seven banks - Union Bank of India, Indian Bank, Bank of India, Federal Bank, IDFC First Bank, Bank of Maharashtra, and J&K Bank - account for Rs 21,290 crore, or about 40 per cent. If other financial institutions are included, the figure surges to Rs 26,690 crore.
Hardcore action, romance and politics, April has a lot to offer!
The Street's optimism on India's largest listed automotive maker by market capitalisation is not misplaced, given the robust wholesale performance in recent months and the strong 2023-24 (FY24) October-December (Q3) results.
Ore and coking coal to come from Tata mines in Canada, Africa.
The sector may be overcrowded with a fair number of large players and the entry of the Adani Group through its two key acquisitions, followed by the takeover of majority stake in Sanghi Industries via Ambuja Cements. Since every major player is in expansion mode, there could be a capacity surplus and hence, price wars.
The founder and chief of Pakistan's Muttahida Qaumi Movement, under fire for allegedly receiving funds from India, has swore that neither he, nor his party had any connection with India's external intelligence agency RAW.
'In Raktobeej, I had a lot of physical action to do, so that was a new challenge.' 'We didn't want the action scenes to be over-the-top.' 'We wanted to make the action raw and real.'
From its lows in December, the stock of Tata Motors is up about 15 per cent. The gains came on the back of better than expected December volumes in its UK-based subsidiary Jaguar Land Rover (JLR). This coupled with gradual recovery in the global passenger vehicle demand, improving profitability due to product mix and lower commodity costs are expected to be key positives for the company.
Pulaus can gussy up a meal, especially when you are having guests over.
The world needs to wake up to this new dimension of war at sea and be prepared to face the 'unknown enemy' who have the advantage of attacking at their choice of location and time, cautions Commodore Venugopal Menon (retd).
Tamil Nadu, which boasted of as many as nine ministers in the UPA-II government in 2009, did not get any representation in Modi 2.0 government.
Pakistan Defence Minister Khawaja Asif has accused India's external intelligence agency Research & Analysis Wing of involvement in "whipping up terrorism" in the country.
The stock of Godrej Consumer Products Limited (GCPL) fell about 3.7 per cent in trade after its Q3FY24 earnings disappointed brokerages and led to downgrades. Further, the stock, after a 15 per cent run-up over the past month prior to Monday's correction, had already factored in the upside from the business front. Its peer in the consumer space, Marico, too, saw a 4 per cent drop in its stock price.
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