'The Budget will be positive, continuing on the path of growth taken so far.'
'It is important to understand that the disability is not in the person.' 'The problem lies in societal attitude and the discriminatory treatment given to disabled people in our country.'
An exclusive excerpt from The Tatas: How A Family Built A Business And A Nation.
Power Grid Corporation (PGCIL) intends to ramp up its capex substantially through the next two financial years. The Public Sector Undertaking (PSU) utility posted flat consolidated revenues of Rs 10,700 crore in the third quarter of the current financial year (Q3FY24) and reported 7 per cent year on year (Y-o-Y) growth in net profit to Rs 4,000 crore. The Q3FY24 capex stood at Rs 3,440 crore and capitalisation at Rs 1,780 crore, taking the 9MFY24 total to Rs 8,700 crore capex and Rs 5,800 crore capitalisation, respectively.
'Life had its own plans and now I have learnt to go with the flow.'
There are conflicting views on Delhivery. The logistics player's results for the July-September quarter (Q2FY24) are being interpreted as good by some analysts and disappointing by others. As India's largest listed logistics player, the company stands to benefit from the formalisation across the mostly unorganised logistics space. Delhivery provides solutions to 23,113 customers, including e-commerce marketplaces, direct-to-consumer e-tailers, and enterprises across verticals.
Mohit, Noor, Rashid, Cummins: Whose bowling impressed you?
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
IT service company Wipro on Friday reported 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about Rs 2834.6 crore, and cautioned that the macroeconomic environment remains "uncertain". The Bengaluru-headquartered company, which recently saw a change of guard with Srinivas Pallia taking over at the helm as the new chief executive officer, has given an IT Services revenue growth guidance in the (-)1.5 per cent to +0.5 per cent band for June quarter on a constant currency basis.
'Clients deemed higher-risk are required to update their KYC more frequently.'
The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.
'People had a perception that I may be angry as a person.' 'Or I'm older than I really am.' 'Or I can't speak in English because of the characters I've done at the beginning of my career.'
A new Congress leader may make an electoral impact by his very presence. Congress voters who had moved away from the party, after being influenced by the BJP's 'family rule' campaign, can now return with a certain moral satisfaction, observes N Sathiya Moorthy.
Try to focus on the task at hand completely without worrying about what you have to do next, or what has already been done. Be in the moment, advises psychologist and spiritual coach Modmonk Anshul.
'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
Sam Curran's counter-attacking fifty powered Punjab Kings to a four-wicket win over Delhi Capitals in their IPL 2024 match in Chandigarh on Saturday.
Set to return after an injury-induced break, two-time Olympic medallist PV Sindhu is aware the road to Paris will be "challenging" and she needs to be "smarter" in her pursuit of coveted gold medal in the French capital.
Kidambi Srikanth progressed to the men's singles second round with a stunning win over Chinese Taipei's Chou Tien Chen.
There is no impediment to normal operations as Tata Motors puts in place the demerger process of its commercial and passenger vehicles businesses. Instead, the demerger would provide greater manoeuvrability for both new entities to operate independently, according to Tata Motors management. While there may not be immediate value unlocking, it will give investors clarity about future growth and the financials across different segments.
Make financial planning a part of your education and definitely a part of your marriage, says financial planner Sheetal Jhaveri.
Within the last year or so, Kuldeep Yadav has managed to change his status to become India's No 1 spinner for the World Cup.
Experts say the treaty needs a review to address the ongoing and the likely impact of climate change on river-flow
'Keeping the global temperature below not just 1.5 degree Celsius, even 2 degree Celsius is beyond our reach now. Both are impossible.'
Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including from private enterprises.
Shares of public sector enterprises have corrected by up to 22 per cent month-to-date until March 19, 2024. Analysts attribute this steep fall to the valuation exuberance seen after a sharp run in these counters last year and suggest investors remain selective regarding the stocks in this space. "The rally in public sector undertaking (PSU) stocks has been stretched and sharp, although it is somewhat justified by improvements seen in earnings, operations, balance sheets, and overall profitability.
If one checks Kuldeep's stats, he has felt more empowered across formats whenever Rohit has been the captain.
India's top technology companies will witness a tepid revenue expansion in the third quarter (October - December) of the current financial year (Q3FY24) - along expected lines - on the back of furloughs and no blockbuster deals, even as the momentum gained from Generative AI (GenAI) is likely to take centre stage. IT services and consulting firm Accenture's first quarter numbers in FY24 showed a significant pick up in GenAI spending. It signed new bookings to the tune of $450 million in this space, a surge from the $300 million signed in the whole of FY23.
'Liquid ETFs help in cash management by enabling a smooth transition between equity and cash within the same settlement cycle, as they trade in the same segment as equity.'
'I can feel the master's pain, because he must be sitting there and cursing and saying, 'Why was I born?''
Would there be such a day when I could feel free from this emptiness, this vacuum that has taken over my heart? asks Aarti David.
'When the mill strike started, there was crisis in every mill worker household.' 'One entire generation went without education.' 'Hunger forced them to take to crime.'
Since Tibet's occupation, China has disrupted the natural flow of rivers by pursuing a series of ill-conceived environmental and developmental policies such as the Great Leap Forward, the South-North Water Diversion Project, etc, the report said, adding that, this has led to a dam-building spree on the Tibetan plateau with disastrous impacts on Asia's major rivers.
India is all set to make its presence felt in the $47 billion global outsourced semiconductor testing and packaging market, an arena where Malaysia and Vietnam have been way ahead so far. The Cabinet last Thursday cleared two projects, the Tata's assembly testing and packaging plant (ATMP) and the Murugappa-owned CG Power with Renesas from Japan as its tech partner. These, together with Micron's assembly and testing plant which is already being constructed in Sanad in Gujarat, will collectively invest Rs 47,300 crore to set up the factories.
The mutual fund (MF) industry had an action-packed 2023 as it tackled the scrapping of tax benefits for debt fund investors and surging flows into equity funds.
'Besides Ayodhya, the BJP lost in nine other constituencies with a Ramayana imprint; it tasted success only in Thrissur.' 'In Rameswaram, K Navaskani of the Indian Union Muslim League won with a 44% voteshare in a 84% Hindu constituency.' 'In the 21 seats in the Ayodhya and Varanasi regions, both crucial to the Hindutva project, the BJP won just 7.' 'It won just 3 out of 12 seats around Modi's constituency,' points out Krishna Prasad.
The railways also rolled out its first orange coloured Vande Bharat Express from Kasargod to Thiruvananthapuram, a high demand route which now operates two such trains, a senior Indian Railways official said.
'You are one of the drops that make that ocean, but when you leave it makes no difference to the ocean.'
It is time the political leaderships in this country arrived at a common ground over issues of foreign and security policy concerns. There has to be a greater communication between the government and the Opposition leaderships for the nation to present a unified face against the rest of the world, advises N Sathiya Moorthy.
