With raw material prices rising sequentially in Q4 FY23, margins of fast moving electrical goods (FMEG) companies could witness pressure as they refrain from hiking prices and demand remains soft. Transition to a new regulatory regime-fans moved to new BEE standards from January 1-poses additional risk for firms. Business depends on volume trends in summer for key sub-segments, which account for a significant chunk of the sector's overall sales pie.
Dramatic visuals showed fidgety people inside the cable cars that hung in air against the backdrop of a rocky hill cliff that overlooked a densely-forested valley.
Officials said the cable car which ferries tourists up the 14,000 ft Afarwat mountain was used for the rescue operations.
Principal district and sessions judge P C Joshi said he will pass order on the bail plea of the ninth accused, Devang Parmar, on Thursday.
While the flooring of the bridge was replaced, its cable was not replaced and it could not take the weight of the changed flooring, said the prosecution, citing a forensic report.
They described the functioning of the interlocking system which prima facie seemed to have been part of the problem which led to the accident, in which at least 275 people were killed.
The committee will submit its report in two months and its chairperson can invite any expert of any institution in the country to help in the probe into the April 10 tragedy, a notification by Jharkhand tourism department said.
Social media giant Meta Platforms and Bharti Airtel on Monday announced a collaboration to jointly invest in telecom infrastructure to cater to the rising demand of high speed data and digital services in India. The announcement comes on the back of telecom operators' demand to share revenue with service providers to build networks. "Airtel and Meta will jointly invest in global connectivity infrastructure and CPaaS (communications platform as a service) based new-age digital solutions to support the emerging requirements of customers and enterprises in India," the statement said.
Notwithstanding expectations of a pick-up in construction activity during a seasonally strong January-March quarter (fourth quarter) of 2022-23 (FY23), analysts are cautiously optimistic about the building material sector - encompassing paints, pipes, wood panels, tiles, metals, and cement - as volatile input costs, coupled with fears of a global slowdown, are making demand projections uncertain. Against this backdrop, analysts suggest investors stay selective and pick stocks of companies with stronger brand recall, expanding distribution network, diversified product profile, healthier balance sheet, and sustainable cash flow. "The government's various proposals under Budget 2023-24 (FY24) may lead to the building material segment growing between 8 per cent and 12 per cent for the next five years.
Chief Judicial Magistrate MJ Khan sent Patel in the custody of the special investigation team formed by the state government to probe the case till February 8.
The Gujarat high court agreed to the Oreva group's offer on Wednesday to pay compensation to the victims of the Morbi bridge collapse that left 135 dead and several injured but said it will "not absolve it of any liability".
'Imagine hanging from a thin steel cable under a helicopter with certain death staring at you below, being pulled up slowly in the din and downwash of the helicopter.' IAF Veteran Air Commodore Nitin Sathe, a helicopter pilot himself, reports on how the air force rescued those trapped in the Deoghar cable cars disaster last fortnight.
It also said that certain debates on television channels on the incidents in northwest Delhi had unparliamentary, provocative and socially unacceptable language.
The Supreme Court on Monday stayed further proceedings before the high courts in matters involving challenges to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021 or Cable TV Networks (Amendment) Rules 2021.
Ajanta Manufacturing Limited (Oreva Group) was responsible for the operation and maintenance of the British-era suspension bridge on the Machchhu river in Morbi that collapsed on October 30 last year, days after its repairs.
Railway officials also indicated that possible 'sabotage' and tampering with the electronic interlocking system, which detects the presence of trains, led to the Friday accident.
September 2, 2022 was a historic day in the Indian Navy's history as Prime Minister Narendra Damodardas Modi commissioned India's first indigenous aircraft carrier INS Vikrant at the Cochin Shipyard in Kochi.
The cable was reportedly sent on March 7, a day before the Opposition submitted the no-confidence motion and requisitioned a National Assembly session for voting on it.
Capital markets regulator Sebi has imposed a penalty of Rs 10 lakh on Jayant Bhusare, who was one of the executive of Sampark Infotainment, in a case pertaining to the irregularities in the NSE's 'Dark Fibre' case. He has been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. On Tuesday, the regulator had levied a fine totaling Rs 44 crore on 18 entities, including NSE, Sampark, certain brokers and their respective past and present employees in the same matter.
14 of 20 died due to drowning in different incidents that occurred during the immersion of Ganesh idols in parts of Maharashtra.
One of the trolleys had hit a rock on the ground, while the other was hanging six feet above the surface. The rescuers used a chair to reach the stuck passengers and then broke open the cable cars to rescue the trapped people.
The civic body submitted the affidavit before a division bench of Chief Justice Aravind Kumar and Justice Ashutosh Shastri which is hearing a suo motu (on its own) case on the collapse of the bridge.
A bench of Justices DY Chandrachud and Hima Kohli commenced hearing on the plea of the news channel against the Kerala high court's order upholding the Centre's decision to ban its telecast on security grounds.
In his condolence message, Israeli Prime Minister Lapid said that the thoughts and prayers of all Israelis are with the people of India following yesterday's devastating bridge collapse in Gujarat.
The bench added that in a criminal case, a charge sheet is filed against the accused, and no matter how sensitive the charges are, they are disclosed to the accused, and in the present case, it is not even at that threshold.
A bench of Justices DY Chandrachud and JB Pardiwala issued notice to Rajasthan and Chhattisgarh governments and said that no action be taken concerning the FIRs lodged in Raipur and at Sikar on the same cause of action.
Sebi has imposed a penalty totalling Rs 44 crore on 18 entities, including the National Stock Exchange, its business development officer Ravi Varanasi, former MD and CEO Chitra Ramkrishna and her adviser Subramanian Anand along with certain stock brokers in the 'dark fibre' case.
Sidhu made the sharp retort amid speculation that the former cricketer is himself eyeing the top post if the Congress wins next month's assembly polls.
'Me and my boys had never ever thought in our wildest dreams that we would be taking part in a rescue mission of this kind.' IAF Veteran Air Commodore Nitin Sathe, a helicopter pilot himself, reports on how the air force rescued those trapped in the Deoghar cable cars disaster last fortnight.
Former Pakistan prime minister Imran Khan reiterated his allegations of a foreign conspiracy behind his ouster and said he knew that the 'match was fixed' when a no-confidence motion was moved against him.
It was a replay of the annual general meetings of the cable companies of the M P Birla group last month even as the Birla side raised "illegalities" in the latest poll results.
The apex court also issued notice, including to the Centre through the office of the attorney general, on Ranjan's plea seeking clubbing of FIRs and protection from coercive action.
Aaditya, son of Shiv Sena president and Chief Minister Uddhav Thackeray, dubbed the searches by the I-T department on Kanal as 'invasion by Delhi' ahead of Brihanmumbai Municipal Corporation (BMC) elections.
Pakistan's powerful Army has contradicted Prime Minister Imran Khan's remarks accusing America of hatching a conspiracy to topple his government, saying there was no evidence of interference in the country's internal matters, according to a media report.
The apex court pulled up the Centre for its "evasive" and "brazen" affidavit on the issue.
Asked about action taken against those spreading fake news, and publishers of anti-national material, he said more than 60 accounts have been blocked including those on YouTube, Twitter, Facebook and Instagram.
The Supreme Court on Thursday voiced serious concern over the running of fake news on social media platforms and web portals, and said even news shown in a section of channels bears communal tone, which may bring a bad name to the country.
For years it has been evident that fibre and DTH would give tough competition to cable in India where regulatory overload has mutilated an already warped industry structure. OTT added fuel to the fire. From Rs 27,000 crore in 2010, cable's share of subscription revenues is now estimated at Rs 13,000 crore.
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