The transmogrification of Prime Minister Modi to Saint Modi began with the ground-breaking ceremony of the Ram temple in Ayodhya. By identifying himself with Lord Ram, Modi raised himself in popular imagination to a saintly person.
'But unlike Bond who killed an individual, Israel is killing a nation.'
Reliance Industries Ltd on Friday reported a 27 per cent jump in its September quarter net profit as earnings from the oil and gas business rebounded, and a pick-up in fashion and grocery helped boost retail revenues. The oil-to-retail-to-telecom conglomerate's consolidated net profit of Rs 17,394 crore, or Rs 25.71 per share, in July-September - the second quarter of the current 2023-24 fiscal - was 27.3 per cent higher than Rs 13,656 crore, or Rs 19.92 a share, earning a year back, the company said in a statement. The net profit was also higher quarter-on-quarter compared to Rs 16,011 crore earnings in the preceding three months ended June 30.
A group of Maratha reservation activists torched the first floor of the Majalgaon Municipal Council building and vandalised it in Maharashtra's Beed district, soon after setting on fire the residence of local NCP MLA Prakash Solanke on Monday, the police said.
Maruti Suzuki India (MSIL) has ambitious plans to increase capacity. It is also seeking shareholders' approval for a complex swap transaction, which would acquire Suzuki Motor Gujarat (SMG), a subsidiary of Suzuki Motor Corporation (SMC) through a preferential offer. SMC already holds 56.37 per cent of MSIL's equity.
'There is a view that there is a Pakistan angle to this.' 'Pakistan has a large presence in Qatar and would want India to be blacklisted.'
The National Investigation Agency Saturday arrested a second accused linked to the case of a transnational conspiracy by Myanmar and Bangladesh-based leadership of terror outfits to wage war against India by exploiting the current ethnic strife in Manipur, an official said.
Per capita income in the state has consistently been below the national average for at least 24 years. However, it has narrowed the gap with the all-India level in recent years.
India's corporate sector is likely to report a slowdown in revenue growth and earnings for the July-September 2023 period (Q2FY24), according to earnings estimates by brokerages, after the country's top listed companies posted higher than expected profits for the first quarter. The combined net profit of Nifty50 companies, based on brokerage estimates, is expected to have grown by 19.6 per cent year-on-year (Y-o-Y) to Rs 1.75 trillion in Q2FY24 - a sharp deceleration from 37.6 per cent Y-o-Y growth in the combined earnings of index companies in the April-June 2023 period. According to estimates, the combined earnings in the second quarter would be down 8.8 per cent on a quarter-on-quarter (Q-o-Q) basis and the lowest in the past three quarters.
The growth of eight key infrastructure sectors rose to a 14-month high of 12.1 per cent in August 2023 against 4.2 per cent a year ago, mainly due to expansion in production of coal, crude oil, and natural gas, according to the official data released on Friday. The expansion in August is the highest since June 2022, when it was 13.2 per cent. The production of refinery products, steel, cement and electricity also grew in August, the data showed.
At least two Israeli women security officers of Indian origin were killed in the unprecedented attack carried out by the Palestinian militant group Hamas earlier this month, official sources and people from the community confirmed on Sunday.
The committee will be headed by IGP (administration) K Jayanta, the order said, adding that it will "submit the report at the earliest."
A mob tried to attack Chief Minister N Biren Singh's empty ancestral house on Thursday night, despite a security clampdown and curfew in the Imphal valley.
Violent protests over the death of two youths in Manipur continued till the early hours of Thursday with a mob vandalising the deputy commissioner's office in Imphal West and torching two four-wheelers, officials said.
Crawley departed on 51 and Young picked up a third wicket after getting Sam Hain caught on 17, before a downpour brought a halt to the proceedings at around 1345 GMT, with England on 280/4. Play was called off just under an hour later.
The three physics laureates -- Pierre Agostini, Ferenc Krausz and Anne L'Huillier have created flashes of light that are short enough to take snapshots of electrons' extremely rapid movements.
Debt management is going to be a worry for the Vedanta group until FY25 at least. However, the restructuring of business divisions in Vedanta India could lead to an unlocking of values. The group structure is fairly complex. Anil Agarwal-led Vedanta Resources (VRL), which is London-listed, has a lot of debt on the balance sheet. It will have to repay $1 billion in secured bonds by January 2024 and at least another $300 million in calendar 2024.
'To sustain our growth trajectory, we must continue to explore and capitalise on growth opportunities.'
'We suggest an equity strategy of 5% to 10% exposure to cash, 5% to Gold ETF, close to 50% to Sensex/Nifty/large mid-cap stocks.'
Modi's BJP has promised more revdis or freebies for these assembly elections than ever before, points out N Sathiya Moorthy.
Adani Total Gas Ltd, the joint venture of billionaire Gautam Adani's group and French energy giant TotalEnergies, will invest Rs 18,000 crore to Rs 20,000 crore in the next 8 to 10 years to expand infrastructure for retailing CNG to automobiles and piping gas to households and industries, its CFO said. The company retails CNG to automobiles and pipes gas to household kitchens for cooking purposes in 52 licences that cover 124 districts of the country. It has 460 CNG stations in the country and about 7 lakh consumers of its piped cooking gas.
Diesel sales in India fell 3 per cent in September as a receding monsoon continued to dampen demand and slowed industrial activity in some parts of the country, preliminary data of state-owned firms showed. While diesel sales by three state-owned fuel retailers fell year-on-year, petrol sales rose in September. Consumption of diesel, the most consumed fuel in the country -- accounting for about two-fifths of the demand, fell to 5.81 million tonnes in September from 5.99 million tonnes demand in the same period a year ago.
Wall Street-correlated stock markets are facing the risk of correction, as Christopher Wood, the global head of equity strategy at Jefferies, conveys to investors in his latest edition of GREED & fear. Rising crude oil prices, which are nearing $100 a barrel (Brent), pose a threat to the global central bank's battle against inflation and have led to a re-evaluation of its exposure to Indian stocks. "The potential for more US Federal Reserve (Fed) rate hikes, combined with the risk that monetary tightening finally bites as regards the economy, remains a risk for Wall Street-correlated world stock markets. "There is also the oil factor. This is why GREED & fear continues to believe the pain trade is down. "Areas in Asia, such as Indian midcaps, which have already done very well, are at obvious risk of some profit-taking," writes Wood.
Heatwaves with higher humidity levels can be more perilous because the air cannot efficiently absorb excess moisture. This limitation restricts the human body's ability to evaporate sweat and affects the moisture content of certain infrastructure like evaporative coolers.
Indian Oil Corporation (IOC), the nation's largest oil firm, has walked away with half of the natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the fuel used to generate power, produce fertilizer, turned into CNG and used for cooking purposes. IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month, sources with knowledge of the matter said. The oil refining and marketing company, which was the top bidder even in the previous auction of gas from the eastern offshore KG-D6 block of Reliance-bp, bid the volumes on behalf of seven fertilizer plants.
Since 1993, when the BJP came to power after a stint of President's rule, the state has alternated between the Congress and the BJP.
A special court in Manipur on Friday granted bail to the five village defence volunteers who were arrested by the police for possessing weapons amid an agitation for their release, officials said.
Curfew was imposed on Thursday after protesters stormed police stations demanding the release of five youths who had earlier been arrested for carrying sophisticated weapons and wearing camouflage uniforms similar to army fatigues.
Curfew was imposed in the entire Imphal valley on Thursday following violent protests for the release of five men, including a trained cadre of a banned terror outfit, who were arrested earlier this week on the charges of extortion.
The situation in Manipur's Imphal valley was calm but tense on Friday morning after a night of violent clashes including an attempt to attack the empty ancestral residence of Chief Minister N Biren Singh.
Introducing the 128th Constitution Amendment Bill, which was approved by a two-thirds majority in the Lok Sabha on Wednesday, Meghwal recounted the measures initiated by the Narendra Modi government for the empowerment of women over the last nine years.
Sharada Ajmera will whip up this smoky delight for anyone who'd like to tuck into it.
'We cried our hearts out as we saw our huts going underwater. It was hard to believe that I was fast asleep at the same spot just 15-20 minutes ago'
India's trade account could come under pressure and there could be an inflation push if crude oil prices remain above the $90 per barrel (Brent) for a prolonged period since India imports over 85 per cent of its oil and roughly 50 per cent of its gas. A rebound in economic activity is bound to lead to higher fuel demand. While India is the third-largest importer of crude, it is a net exporter of refined products, which helps to compensate to some degree.
Investors' wealth fell by Rs 2.89 lakh crore in two days of market fall, with the BSE Sensex tumbling 796 points on Wednesday, amid weak global market trends ahead of the US Federal Reserve's interest rate decision. Fresh foreign fund outflows and caution ahead of a host of interest rate decisions from global central banks also added to the overall bearish trend. Besides, the US Fed meeting, the BoE (Bank of England) and the BoJ (Bank of Japan) are also scheduled to meet this week.
Indian football team's head coach Igor Stimac said his second-string men's team "ran out of gas" in the second half against China.
Srinagar Senior Superintendent of Police Rakesh Balwal, who has expertise in handling terror-related cases, has been "prematurely" repatriated to Manipur cadre where a fresh bout of violence has worsened the already tense situation.
'Israel should stop water supply to the people who want to destroy us.' 'It is not Israel's responsibility to take care of the people who want to kill Israelis.'
State-owned Oil and Natural Gas Corporation (ONGC) has cancelled the bids received for its Daman upside gas development project off the western coast due to high price quotes, sources said. The project is crucial to ONGC's strategy of ramping up gas production from its shallow-water fields off India's west coast. Once completed, the project would lead to nearly doubling of current gas production of 4-5 million standard cubic metres per day.
The recent surge in crude oil prices could shave off the gains made by India Inc in profit margins in the past few quarters. Worse, it comes at a time when consumer demand in the country is slipping and major global economies are witnessing a slowdown. A back-of-the-envelope calculation suggests that the margin expansion accounted for three-fourths of the rise in the listed firms' operating profit between the April-June quarter (Q1) of FY23 and Q1FY24, and only a quarter of profits gains came from revenue growth.
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