India is likely to grow by 7.5 per cent in the first quarter of the current financial year, driven by rising aggregate demand and non-food spending in the rural economy, according to an article in the RBI's May Bulletin released on Tuesday. The Indian economy has demonstrated marked resilience in the face of geopolitical headwinds impacting the supply chain, said an article on the state of the economy published in the May Bulletin.
Beniwal was admitted to the hospital after a brief illness. One of her family members said the funeral will be held on Thursday.
'Commentators have said that dealing with allies as equals will make Modi more sensitive.' 'Remember that the people Modi is dealing with are equally autocratic in their own lairs.' 'Further, Modi always has handy the threat of dissolving Parliament and calling for fresh polls.' 'Most of his own party, and certainly his allies and opponents having blown their budgets of efforts and resources in the just concluded elections, have no stomach for this.' 'They are all greatly looking forward to the loaves and fishes of office on offer.' 'That gives Modi an unbeatable advantage in any push-comes-to-shove situation,' explains Shreekant Sambrani.
The wholesale inflation rose to a 13-month high of 1.26 per cent in April fuelled by rising prices of food articles, especially vegetables, amid expectations of RBI holding interest rates in the policy review next month. The wholesale price index (WPI) based inflation has been rising for two months in a row.
Rajasthan Royals take on Punjab Kings aiming to seal their IPL play-offs berth, in their penultimate league match.
Harmanpreet Singh will lead a 24-member Indian squad in the Europe leg of the FIH Hockey Pro League starting on May 22.
The selection has been completely based on academic and administrative prowess and with a vision to take universities ahead, they said.
'If the majority falls short of expectations, it may prompt initial adjustments in investor sentiment.'
BSE (formerly Bombay Stock Exchange) has seen its market share go past the critical 20 per cent mark in the derivatives segment, intensifying its battle with bigger rival - the National Stock Exchange (NSE) - which, less than a year ago, had a monopoly in this space. In April, the average daily trading volume (ADTV) for BSE stood at Rs 89 trillion, accounting for 20.6 per cent of the overall ADTV of Rs 432 trillion (based on notional volumes for options).
Rajesh Karkera/Rediff.com takes the latest offering from the Mahindra stable for a spin.
Film folk raised Mumbai's summer temperatures even higher when they walked the red carpet at the second edition of the Bollywood Hungama's Style Icons Summit and Awards 2024 on May 2.
Guruvayoorambala Nadayil is a no-holds-barred, silly comedy that will keep you glued to the screen even when the going gets tough towards the end but the smile on your face will not leave, observes Arjun Menon.
India's defence sector presents an ordering opportunity worth $138 billion between fiscal years 2023-24 (FY24) and FY32, said a latest note by Nomura, which has initiated coverage on two defence-related players - Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) - with a 'buy' rating. The research and broking house sees an upside potential of 28 per cent and 32 per cent, respectively in these two stocks from the current levels.
'The long-term impact of elections is minimal.'
Nasdaq-listed IT services company Cognizant has reported a 5.8 per cent year-on-year decline in consolidated net profit for the March quarter to $546 million. The company in a release said its revenue guidance for the full year 2024 is "unchanged" in the band of 2 per cent decline to a 2 per cent growth in constant currency.
The T20 World Cup 2024 promises to be a tournament dominated by bowlers, particularly spinners.
The government is contemplating changes to the Insolvency and Bankruptcy Code (IBC) to deal with environmental claims and liabilities of defaulting companies to make the law future-ready and meet climate action goals, sources told Business Standard. Currently, the IBC has various categories of claims and creditors, including those related to environmental liabilities.
The hapless voters fervently hope that they get to make a more equal choice in the next election and political discourse in the country becomes positive and more enlightened. One wonders if the masses would become more politically aware to discern good intent and performance from gimmickry, notes Biswajit Dasgupta.
Quarterly earnings from corporates, the US Fed interest rate decision and other global trends will be the major driving factors for determining movement in the domestic equity market in a holiday-shortened week ahead, analysts said. Besides, factors like trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also influence trading.
News broadcaster NDTV Ltd on Friday reported a 59 per cent jump in March quarter revenue as it expanded digital footprint, gaining a 39 per cent rise in traffic. Consolidated net loss of Rs 8.74 crore in January-March compared with loss of Rs 1.35 crore profit in the same period a year back, according to a stock exchange filing by the company. Loss, however, narrowed from Rs 10.13 crore in the December quarter as its digital footprint expanded and gained traction.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
As the final five phases of polls draw closer, rift among Indian National Developmental Inclusive Alliance (INDIA) partners, Congress-Left combine and the Trinamool Congress, which are fighting separately has intensified, triggering a fierce contest across half of the remaining 36 constituencies in West Bengal driven by local issues such as Sandeshkhali and the SSC scam.
Mumbai Indians dynamic batter Suryakumar Yadav provided an update on his fitness after his top knock put the Punjab Kings bowlers under pressure in the ongoing Indian Premier League 2024.
In the first phase of the Lok Sabha polls, there were 135 women candidates while in the second phase, there were 100 women candidates, bringing the combined total for the first two phases to 235 women candidates.
'Mitchell Starc is a superstar, don't think of him from investment standpoint'
Addressing mediapersons after the investiture ceremony of ARTRAC, Singh said the Army has to understand and study these scenarios so that it is prepared if it has to undergo a similar situation tomorrow.
The Bharatiya Janata Party (BJP) led central government will use the unorganised workers database - e-Shram portal - to provide the benefits of various government programmes to the nearly 300 million workers over the next five years, if it is voted to power for the third consecutive term in the upcoming general elections. "We have registered unorganised workers on the e-Shram platform. "We will reach out to the e-Shram registered 'shramik bandhu' and help them avail the benefits of various government programmes that they are eligible for," the manifesto of the party read.
Former Indian spinner Harbhajan Singh lavished praise on Punjab Kings uncapped batter Ashutosh Sharma for his valiant knock against Mumbai Indians in the ongoing Indian Premier League (IPL) 2024.
Its 11MFY24 production is around 40.2 mt. In FY25, it could hit 50 mt and it may reach 55 mt by FY26. The PSU has capex plans for multiple projects, which should improve the product mix and augment capacity to 100 mt for FY30.
The Trishakti Corps Infantry and Mechanised Infantry Battalion conducted a training exercise for its Anti Tank Guided Missile at a super-high altitude of 17,000 feet in Sikkim on Thursday, April 11, 2024.
'The estimated expenditure is expected to be more than double the Rs 60,000 crore spent in 2019'
Many promoters still consider the cash in the company as their money and are averse to sharing this pie with minority investors, points out Akash Prakash.
'There were tough conversations with him, and I don't think he would have appreciated them at that stage. But I had to be honest.'
The total solar eclipse of 2024 was a historic celestial event because it won't be visible across the contiguous US again until August 2044 and an annular eclipse -- which happens when the Moon can't completely blocks the Sun-- won't appear across this part of the world again until 2046.
The National Human Rights Commission, in its report, also observed that the "pervasive fear of reprisal, coupled with the power dynamics at play, acted as a formidable barrier", preventing individuals from voicing their grievances.
According to insiders, their lack of enthusiasm is showing on the ground. There is nothing to suggest that their enthusiasm will return in the final four phases of polling, observes N Sathiya Moorthy.
'Everybody talks about his age but with Jimmy you have to take age out of it. If he keeps taking wickets he keeps playing. If he doesn't, he doesn't, it's that simple.'
With a gradual rise in temperature and the start of heatwave, FMCG and dairy firms selling cola-based fizz drinks, juices, mineral water, ice creams and milk-based beverages expect a spike in sales and have ramped up their production and stocks to meet the anticipated consumer demand. The makers are launching new products keeping in mind the evolving consumer preferences and also investing substantially on promotions and expansion of the channels this season, company executives of beverage and ice cream makers said. Beverages major PepsiCo said summer months are naturally the most favourable season for its category and it is "optimistic" that its portfolio of brands will continue to delight consumers during the period.
Solanki further lauded the PBKS batter Shashank Singh who played a match-winning knock.
Gukesh tried his hands at the Ruy Lopez as white but did not get much against Praggnanandhaa. Both the teenagers have been showing great skills here against the world's best and there was nothing to choose between them when pieces flew off the board in tandem. The game was drawn in 41 moves.
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