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.
"One common friend of Aaftab Poonawala and Shraddha Walkar has been called for questioning. This is the friend who had intimated Shraddha's father about her going incommunicado," the sources said.
The skipper is also counting on the likes of part-time spinners Marnus Labuschagne and Steve Smith to pitch in the slow bowling department.
A two-judge bench of the Supreme Court on Wednesday pronounced a split verdict on the Centre's plea for recall of its October 9 order granting permission to a married woman, a mother of two, to terminate her 26-week pregnancy, with one judge voicing her disinclination to allow abortion and the other asserting that the woman's decision "must be respected".
The impending merger between Housing Development Finance Corporation (HDFC) with HDFC Bank may create challenges for large-cap fund managers, most of whom are already grappling to match the returns generated by their benchmarks. The combined weight following the merger in the benchmark Sensex and Nifty 50 indices is likely to be much higher than permissible limits for active mutual fund (MF) schemes. This could have a bearing on the performance of large-cap funds if HDFC Bank shares outperform the markets, as the schemes will be forced to remain underweight on the stock to adhere to the single-stock cap.
A clinical India outclassed West Indies by a whopping 200 runs in the third ODI to win the series 2-1.
CM Stalin has a procedural problem. Nominating new ministers would entail his having to seek formal permission from governor R N Ravi. Stalin does not want to interact with the person of this governor, as far as possible, predicts N Sathiya Moorthy.
According to sources, the confessions of Poonawala during his 14 days of police custody are similar to those in response to the questions asked during his polygraph and narco analysis test.
In a major relief to media major Zee Entertainment Enterprises Ltd (ZEEL), the National Company Law Appellate Tribunal (NCLAT) on Friday stayed the insolvency proceedings initiated against it earlier this week. Admitting a petition filed by ZEEL Managing Director and chief executive Punit Goenka, the appellate tribunal issued notices to private sector lender IndusInd bank and the interim resolution professional directing them to file a reply in two weeks. NCLAT said the submissions made by both sides need a detailed hearing.
Australia's thrashing at the hands of India was slammed as the "nightmare of Nagpur" with the country's media reeling after witnessing one of the team's worst batting performances in recent memory.
Giving a chilling account of the gory crime, the police alleged that Poonawala's partner Walkar was "already living in constant fear of getting killed" even before the accused decided to get rid of her in a barbaric and brutal manner.
Early on Friday morning, the team of police officials and forensic experts from Mumbai had reached Gagode Budruk village in Pen teshil and the digging had started around 6 am.
The scenes after the demolition of the Supertech twin towers in Noida, in pursuance of a Supreme Court order that found the structures were built in violation of norms.
Delhi Capitals will need their under-performing Indian batters to deliver when they take on the mighty and versatile Gujarat Titans in the IPL match in Ahmedabad on Tuesday.
Many of these companies have a waiting period from 6-18 months now, indicating a rise in demand.
Piramal Realty will invest Rs 3,500 crore over the next two years in four ongoing housing projects as it aims to deliver a 6 million square feet area to customers, its CEO Gaurav Sawhney said. Founded in 2012, Piramal Realty is the real estate arm of the business conglomerate Piramal Group. It is one of the leading developers with 15 million square feet of residential and commercial under development in the Mumbai Metropolitan Region (MMR).
As the Left government in Kerala gears up to inaugurate a cultural centre at Travancore House, in the heart of the national capital, on August 4, the Travancore royal family has moved the central government and various local bodies in Delhi with a request to halt the same.
The devastating collision, involving two passenger trains and a freight train, took the lives of at least 275 people and caused injuries to over 1100 others in Balasore. This tragic incident has had a profound impact across India.
The special privileges granted to private equity (PE) investors by listed companies are set to go through shareholders' test. Under new rules introduced by the Securities and Exchange Board of India (Sebi), all such arrangements will require shareholders' nod by way of special resolutions. Legal experts say arrangements that are unfair to other public shareholders may not pass the muster.
A 56-year-old man was arrested after the chopped body parts of his live-in partner were recovered from a flat in Maharashtra's Thane district, an official said on Thursday. A court has remanded the man, identified as Manoj Sane, in police custody till June 16, he said.
Jaiswal, who struck a sublime 213 in the first innings, scored a magnificent 144 out of his team's second innings total of 246
Automobile retail sales in India rose 14 per cent in January on the back of robust registrations across passenger vehicles, two-wheelers and tractors, dealers' body Federation of Automobile Dealers Associations said on Monday. Total sales across categories last month rose to 18,26,669 units, as compared to 16,08,505 units in January 2022. Passenger vehicle registrations rose to 340,220 units last month, an increase of 22 per cent as compared to 279,050 units in the year-ago period.
The Supreme Court on Monday said it will decide "once and for all" the legal issue of whether the earlier apex court judgment laying down procedures for the appointment of the director general of police (DGP) in states will also be applicable to Delhi and other cities.
Shikhar Dhawan was a 'bit shocked' at his exclusion from India's Asian Games squad
Aaftab Amin Poonawala will be taken to different locations in south Delhi on Saturday as the Delhi Police are trying to locate more body parts which he had allegedly disposed of after killing his live-in partner Shraddha Walkar, officials said.
As questions remain whether the radioactive isotope that made it to a scrap dealer's shop in Delhi came from hospital waste, a study has found that half of bio-medical waste in the country is dumped along with municipal garbage.
Justice Suresh Kait said that wrong message will be sent to the society if bail is granted to Chidambaram in this case.
Rescue officials on Tuesday recovered the severed head of the suspected suicide bomber who they believe blew himself up inside a mosque packed with worshippers during the afternoon prayers on Monday in the high-security zone in Pakistan's restive northwestern Peshawar city.
Chief Minister Basavaraj Bommai on Thursday said that schools in the state will reopen on Monday for classes up to Class X.
Stock market investors are expecting a balanced Budget with a focus on job creation, increased spending on infrastructure, reigning in the deficit, and bringing the economy back on track, experts said on Wednesday. Stock markets have been subdued in the run-up to the Union Budget with BSE's benchmark Sensex is almost flat so far this month. Even the corporate earning season failed to excite the markets, while some indices like IT and bankex have seen some positive movements.
'You may opt for a longer minimum guaranteed tenure of 12-18 months. This will ensure that in a rising rental scenario, the landlord doesn't serve you a notice and ask you to vacate the property.'
A local court remanded Indrani and her driver Shyam Rai to judicial custody for two weeks while the other accused Sanjay Khanna was taken to Kolkata for being produced in a court there.
The Delhi high court on Wednesday directed former Bharatiya Janata Party Rajya Sabha member Subramanian Swamy to hand over possession of his government bungalow to the estate officer within six weeks.
The incidents occurred just days ahead of the visit of Union Home Minister Amit Shah starting October 4.
Supreme Court has asked the Centre to consider the inconvenience of the citizens with regards to the new Bangalore airport. SC has asked Centre to consider a citizen group's demand for keeping the existing Bangalore airport operational, given the apprehensions on accessing the new airport located 40 km from the city. A bench headed by Chief Justice K G Balakrishnan, while disposing of the petition, directed the Centre and the Karnataka govt to keep the petitioners posted.
The Centre is looking to procure around 1 billion syringes between September and December to support the COVID-19 vaccination drive.
Anti-Congress regional parties may have felt the possible impact of Rahul's South-North yatra, pending a second East-West padayatra, observes N Sathiya Moorthy.
Referring to the deadly second wave of COVID-19, the HC expressed hope the next year would bring a new beginning and that people will never see a repeat of April 2021.
'India has the potential to do a lot more to take advantage of the time today where we stand to gain, geopolitically and in terms of market attractiveness.'
The explosion took place at 4 pm at the Jamiat Ulema-e-Islam-Fazl workers' convention in Khar, the capital of Bajaur tribal district.
