India will have to wait till the third quarter of this fiscal to witness the rebound in manufacturing, triggered by low-end consumer durables growth in semi-urban areas, says research firm Deloitte.
The BJP, which has allied with a few smaller parties, has sought to upend the state's conventional politics, which has so far been indifferent to Hindutva politics, by taking the ruling DMK head-on for its alleged insult of Sanatan Dharma besides involvement in corruption.
The hospitality industry has seen plenty of interest since the catastrophic impact of the pandemic, which led to losses in FY21. The hotel industry market cap has more than tripled since 2019 on the combination of a strong earnings rebound and positive surprises, as well as three recent listings. The industry has good tailwinds. The anticipation is, demand for rooms will outrun supply for a few years despite capacity expansions.
India will play the second-best team of Pool B in the semi-final on Wednesday.
Klay Thompson chipped in with 21 points for the Warriors, who won their third straight overall and ninth in a row at home to maintain their No. 6 position in the Western Conference playoff race.
'We expect the bull-market phase to still persist, but now led by large-caps which offer better valuation and benefit from FII inflows.'
'We expect continued pressure on midcaps, but any sharp correction looks unlikely from here on.'
Denver Nuggets beat the Miami Heat 94-89 to bring a first NBA title to Mile High City.
RCB's openers gave the hosts the perfect start, before the middle order delivered once again to take the hosts to a defendable total. Cameos from Dinesh Karthik and Glenn Maxwell added the final flourish.
'Given the inherent volatility, investors should take at least a three to five-year view.'
Subbarao said, short-term as well as medium-term prospects or Indian economy continue to be grim. Fiscal deficit is going to be much higher, the debt burden much larger and the financial sector will be in a worse shape.
Voters include 8.4 crore men, 8.23 crore women and 11,371 from third gender. There are as many as 35.67 lakh first time voters, besides 3.51 crore young voters in the age group of 20-29 years.
Brighton midfielder James Milner, who made his Premier League debut in 2002 at age 16, passed Ryan Giggs into second in all-time league appearances on Monday with 633 matches. He needs 20 more to equal Gareth Barry's record.
Tracking losses in the broader market that has seen the Nifty Smallcap 250 index and the Nifty Midcap 100 indices slip 9 per cent 6.1 per cent in the last three sessions, the frontline Nifty 50 index has remained resilient and registered a fall of 2.2 per cent during this period. Going ahead, can the nervousness in the mid- and small-cap universe spread to the large-cap peers? Most analysts do not think so. They expect a minor dip and a sharp recovery as investors flock to the large-caps in search of safety and value buying as the mid-and small-caps falter.
IMAGES from the Euro 2024 qualifiers played on Thursday night
Indian colts' victory was backed by a grand show of character to hold off pressure from the Dutch side, and the cynosure of India's defence was Rohit who was hard to breach -- he blocked away six successive penalty corners in the final quarter ensuring India emerge victorious. He was awarded player of the match for his efforts.
'While Indian markets are indeed not inexpensive, the valuations of largecap stocks are still a considerable distance from being overstretched.'
Besides, dollar's weakness against some Asian currencies supported the local unit, forex dealers said.
India suffered one of its most embarrassing defeat in recent years despite Sunil Chhetri's 94th international goal in his 150th match.
Equity benchmark Nifty scaled the psychological milestone of 21,000 in afternoon trade on Friday, and the Sensex touched its all-time intraday high of 69,888.33 after the central bank's decision to keep policy rates unchanged in line with market expectations. The 50-share benchmark index opened on a bullish note, after taking a breather on Thursday, and rose to 21,006.10. As many as 25 stocks were trading in the green, and 24 stocks defied the broader market and were trading in the negative territory.
Bereft of ideas, a lacklustre Indian football team's woes were compounded by its defensive lapses, resulting in a 0-3 drubbing by a dominant Uzbekistan in the AFC Asian Cup in Doha on Thursday.
Industrial metals (ferrous and non-ferrous) suffered great volatility once the Ukraine War began in February 2022. First, there was a sharp price rise due to fears of supply disruption, followed by weak global demand. China's weakness and rolling lockdowns have hit production and demand.
The biggest gainers on both bourses were Bharti Airtel, HDFC duo, L&T, Bajaj Auto, Kotak Bank, Reliance Industries, Axis Bank, ICICI Bank, SBI, ITC and Bajaj Finance, rising up to 4 per cent.
The Los Angeles Clippers registered a comprehensive 107-94 win over the Utah Jazz at the StaplesCenter on Saturday to rebound from their thrashing at the hands of San Antonio Spurs on Thursday.
"The voting percentage is likely to go upwards when reports from all polling stations are obtained as polling is scheduled till 6 pm in many constituencies. Final figures will be known on Saturday after the scrutiny of form 17A," the EC said.
The IMD has warned of heatwave to severe heatwave conditions in parts of West Bengal, Odisha, Bihar, Jharkhand, Andhra Pradesh, Telangana, Karnataka and Uttar Pradesh during the next five days.
While gold gained Rs 320 to Rs 30,545 per ten gram after losing Rs 585 in last four sessions, silver recovered by Rs 390 to Rs 49,330 per kg, snapping Rs 2,260 losses of four days.
Uttarakhand saw the sharpest decline (of 11 per cent) in the "total persons engaged" in manufacturing in the worst-hit pandemic year of 2020-21 as industrial units shut shop, according to the latest Annual Survey of Industries (ASI) data, released by the Ministry of Statistics and Programme Implementation (MoSPI). This was followed by the decline in the workforce in states such as Jharkhand (8.9 per cent), West Bengal (8.3 per cent), Kerala (8 per cent), and Karnataka (7.8 per cent). The "total persons engaged" in an enterprise is defined as the sum of directly employed workers, supervisory or managerial workers, and the unpaid family members who might be engaged in the enterprise.
Silver, however, remained steady at Rs 37,200 per kg.
Afghanistan have rebounded from defeat at the World Cup and can do so again, coach Jonathan Trott said after Tuesday's three-wicket loss to Australia in Mumbai.
A summary of Tuesday's first leg quarter-final action in the UEFA Champions League.
The Indian economy will suffer lasting damage from the coronavirus crisis and after an initial strong rebound in FY22 (fiscal year ending March 2022) growth will slow to around 6.5 per cent a year over FY23-FY26, Fitch Ratings said on Thursday. "A combination of supply-side scarring and demand-side constraints - such as the weak state of the financial sector - will keep the level of GDP well below its pre-pandemic path," it said in commentary on the Indian economy. Fitch said India's coronavirus-induced recession has been among the most severe in the world, amid a stringent lockdown and limited direct fiscal support.
Bajaj Finserv was the biggest gainer in the Sensex pack, rising 2.21 per cent, followed by Titan, ITC, Kotak Mahindra Bank, HDFC Bank, HDFC, Bajaj Finance, IndusInd Bank, ICICI Bank, HUL, Reliance Industries and Mahindra & Mahindra. Wipro, Tata Consultancy Services, Power Grid and Tech Mahindra were the laggards.
Hero MotoCorp, India's largest two-wheeler maker, has seen a decline in its market share in rural areas since 2018, losing ground to major competitors such as TVS Motor Company, Bajaj Auto, and Honda Motorcycle & Scooter India (HMSI), according to data from JATO Dynamics reviewed by Business Standard. Hero's share of rural two-wheeler sales in India has dropped from 40.4 per cent in 2018 to 33.3 per cent in 2023. In contrast, Bajaj's share increased from 12.7 per cent in 2018 to 13.9 per cent, HMSI's from 21.8 per cent to 22.2 per cent, and TVS' from 15.5 per cent to 17.8 per cent. Suzuki Motorcycle India has also seen its share rise from 1.7 per cent to 2.5 per cent.
Politics infused the event in Doha where Belarusian swimmers competed as neutrals due to restrictions imposed on their athletes, and Russia's, stemming from Russia's invasion of Ukraine -- which Moscow called a "special military operation".
It was the second straight week of gains for the benchmarks.
Roger Federer rediscovered his verve in the nick of time to outclass Austrian Dominic Thiem 6-2, 6-3, on Tuesday, and maintain his hopes of reaching the last four at the ATP Finals.
Sukanya Verma lists her this week's OTT recommendations.
Rennes denied late Europa League equaliser due to little-known rule
The global IPO market saw a surge in activity in the last quarter of 2003 and early 2004, and is currently showing signs of a rebound, a new survey said.
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