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Women's unemployment rate at 16-month low; labour participation declines
Rediff.com14 Feb 2024The unemployment rate for women was last this low around Diwali in 2022. The unemployment rate has dropped for women from 14.9 per cent in December 2023 to 11 per cent in January 2024, according to data from the Centre for Monitoring Indian Economy (CMIE). It was higher in January 2023 at 13.5 per cent.
Q3 result, stake sale buzz: Here's how analysts expect SBI stock to perform
Rediff.com14 Feb 2024SBI Q3FY24 result review: A higher-than-factored weakness in the October-to-December quarter (Q3) results of State Bank of India (SBI), for financial year 2023-24 (FY24), has prompted brokerages to cut earnings estimates for the ongoing financial year. They, however, have maintained 'Buy' ratings on the stock, revising target price upwards in some cases, owing to the stock's recent underperformance relative to its peers.
Self-Employed? How To Get Term Insurance?
Rediff.com13 Feb 2024A prudent guideline for self-employed individuals is to target at least 10 to 15 times their actual annual income when determining life insurance coverage.
Inflation falls to three-month low of 5.1 pc in January
Rediff.com12 Feb 2024Retail inflation declined to a three-month low of 5.1 per cent in January, mainly due to subdued prices of vegetables, fruits and other food items, according to government data released on Monday. The fall indicates that retail inflation is inching towards the Reserve Bank's comfort level of 4 per cent. The Consumer Price Index (CPI) based inflation was on the rise for two straight months after touching a trough of 4.9 per cent in October 2023. In December, it stood at 5.69 per cent.
PIX: Liverpool return to the top; Haaland marks return in style
Rediff.com10 Feb 2024Liverpool reclaimed top spot in the Premier League with a 3-1 win over Burnley at Anfield on Saturday, but they were made to battle hard by a brave visiting side.
Mutual funds knock RBI door for hike in foreign investment limits
Rediff.com9 Feb 2024Several mutual funds (MFs) have recently approached the Reserve Bank of India (RBI) as they renew efforts to increase their overseas investment limit. In June 2022, the capital markets regulator Securities and Exchange Board of India (Sebi) permitted MFs to invest in foreign stocks within the aggregate mandated limit of $7 billion after a correction in stocks. One of the proposals shared with the RBI is to link MFs' foreign investment limit to the country's foreign exchange reserves.
Is Son Preference Hurting India?
Rediff.com9 Feb 2024A cultural preference for sons in India may be expressed as 'son preference' or 'daughter aversion', arising from patrilocality, patrilineality, the cost of dowry, and old-age support from sons.
Teri Baaton Mein Aisa Uljha Jiya Review: Robo Rom-Com
Rediff.com9 Feb 2024A feeble fable masquerading as a robo rom-com, Teri Baaton Mein Aisa Uljha Jiya aspires to address what unrealistic expectations in a relationship can lead to, observes Sukanya Verma.
'Performance in IPL will be important for T20 World Cup selection'
Rediff.com8 Feb 2024Veteran coach Tom Moody on Thursday said the players' performance in highly-competitive leagues like IPL and ILT20 will have an added heft this time because of the impact it can have on the team selection ahead of the T20 World Cup.
Uttarakhand saw sharpest dip in workforce during Covid
Rediff.com7 Feb 2024Uttarakhand saw the sharpest decline (of 11 per cent) in the "total persons engaged" in manufacturing in the worst-hit pandemic year of 2020-21 as industrial units shut shop, according to the latest Annual Survey of Industries (ASI) data, released by the Ministry of Statistics and Programme Implementation (MoSPI). This was followed by the decline in the workforce in states such as Jharkhand (8.9 per cent), West Bengal (8.3 per cent), Kerala (8 per cent), and Karnataka (7.8 per cent). The "total persons engaged" in an enterprise is defined as the sum of directly employed workers, supervisory or managerial workers, and the unpaid family members who might be engaged in the enterprise.
Why India's oil cos are losing close to Rs 3 per litre
Rediff.com7 Feb 2024State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on petrol has trimmed due to recent firming up in international oil prices, industry officials said detailing reasons for continuing to hold retail prices. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), who control roughly 90 per cent of India's fuel market, 'voluntarily' have not changed petrol, diesel and cooking gas (LPG) prices for almost two years now, resulting in losses when input cost was higher and profits when raw material prices were lower.
Modi's guarantee in LS: NDA will cross 400 seats, BJP 370+
Rediff.com5 Feb 2024Prime Minister Narendra Modi on Monday expressed confidence that the NDA will get more than 400 seats and the BJP will win at least 370 seats in the Lok Sabha elections.
Incumbent FMCG brands continue to corner 65% market share in India
Rediff.com5 Feb 2024In India, fast-moving consumer goods (FMCG) majors continue to hold sway, with incumbent brands cornering 65 per cent of the market share, shows a Bain & Company report. While identifying the continued preference of Indians for incumbent brands, the report says that the dominance of general trade in the country has allowed national brands to maintain their supremacy. The low penetration of e-commerce in the country has also helped large brands.
Startups On Hiring Spree!
Rediff.com5 Feb 2024In 2024 so far, 20 startups have already visited the campus with 80 placements.
2nd Test, PIX: Gill century leaves England chasing record target
Rediff.com4 Feb 2024Images from Day 3 of the second Test between India and England in Visakhapatnam on Sunday.
Worst not over for bank stocks; sit on the sidelines for now, say analysts
Rediff.com3 Feb 2024Investors should view any bounce-back in bank stocks as an opportunity to exit the pack, analysts suggested, as the worst may not be over yet. The recent quarterly results of HDFC Bank and Axis Bank disappointed the Street, triggering a marketwide selloff by foreign institutional investors, especially in banking counters. While HDFC Bank, which was the anchor for the market correction during the past week, ended 2 per cent higher amid short covering on Wednesday, Axis Bank's shares settled 3 per cent lower.
'Time running out very fast for Gill, Iyer'
Rediff.com3 Feb 2024'If their next knocks do not go good, the problems will become grave for both of them.'
PIX: Superb Jaiswal steers India to 336 for 6 on Day 1
Rediff.com2 Feb 2024IMAGES from Day 1 of the 2nd Test played between India and England in Visakhapatnam, on Friday
Snowfall, rain hit normal life in Himachal; 720 roads blocked
Rediff.com2 Feb 2024As many as 720 roads, including four national highways, in Himachal Pradesh are blocked following snow while 2,243 transformers are disrupted.
Sitharaman's pre-election budget shuns populism, boosts infra spend
Rediff.com1 Feb 2024Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups.
Manufacturing sector growth climbs to 4-month high in Jan
Rediff.com1 Feb 2024India's manufacturing sector growth climbed to a four-month high in January as a sharper upturn in new orders boosted output growth amid mild cost inflation, a monthly survey said on Thursday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) recovered from an 18-month low of 54.9 in December to 56.5 in January. The latest reading highlighted the strongest improvement in the health of the sector since last September.
'I am a bit fat and...'
Rediff.com1 Feb 2024Mitchell Marsh won the prestigious Allan Border Medal at the 2024 Australian Cricket Awards
U19 World Cup: Australia blank England; SA, Bangladesh win
Rediff.com31 Jan 2024Australia blanked England while South Africa and Bangladesh showed their bowling prowess with mighty wins over Zimbabwe and USA respectively. In the 16th-place play-off, Afghanistan fought off a spirited USA side to win a low-scoring thriller.
Untold story of Sachin's golden ducks and one crucial run
Rediff.com31 Jan 2024Sachin revealed that playing gully cricket with a straight boundary back at his first home in the city helped him develop his trademark straight drive
Yatra's Message Was Bigger Than Rahul Gandhi
Rediff.com31 Jan 2024There they were, showing the world that there are still people motivated not by religious structures, not by past glories, not by hatreds deliberately stoked. These were ordinary folks doing something extraordinary purely because they think that effort might shake a nation out of a spiralling miasma of division, mistrust, cynicism, sophistry and violence.
SIP wave hits record level, more to come
Rediff.com30 Jan 2024India'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.
Private, state ports' growth outpaces central counterparts till Q3 FY24
Rediff.com29 Jan 2024India's private and state government-owned ports (non-major ports) continued to grow faster than those owned by the Centre (major ports) through the first three quarters of 2023-24 (FY24), cargo handling data shows. At 604 million metric tonnes (mmt), cargo at major ports grew by 5 per cent between April and December, while non-major ports' cargo traffic growth was 11 per cent at 531 mmt. During December 2023, central government-owned ports in India handled cargo volumes of 69.9 mmt, a tepid year-on-year (Y-o-Y) growth of 0.7 per cent.
Demand woes, volume-margin trade-off likely to weigh on HUL
Rediff.com29 Jan 2024Hindustan Unilever's Q3FY24 performance was lacklustre, with both sales and operating profit barely moving from the year-ago period due to price cuts and higher advertising costs. Besides weak demand, the FMCG (fast-moving consumer goods) major is facing increased competitive pressures, particularly from regional players, which, coupled with a slow recovery in rural markets, could put revenues under pressure going forward. Margins are expected to remain range-bound as benefits from falling raw material costs are expected to be neutralised by rising promotional budgets.
BFSI weighting in Nifty50 hits 7-year low as HDFC slips
Rediff.com29 Jan 2024After a sharp fall in the share prices of HDFC Bank and other private sector lenders in the past three days, the BFSI (banking, financial services and insurance) sector weighting in the Nifty50 has slipped to a seven-year low of 32.03 per cent, down from nearly 36.6 per cent at the end of March 2023 and 34.5 per cent at the end of December 2023.
PIX: Hartley stars as England edge India to take series lead
Rediff.com28 Jan 2024IMAGES from Day 4 of the 1st Test played between India and England in Hyderabad, on Sunday.
Asian Paints needs fresh coat as margin pressures build up in markets
Rediff.com27 Jan 2024A weaker-than-expected sales performance, concerns about higher competitive intensity in the current year, and earning cuts by some brokerages have weighed on the stock of the country's largest paint maker, Asian Paints. While the Q3 volume show was slightly below expectations, the company's operational and bottom line beat estimates, benefiting from the falling raw material costs. The stock ended the day with a decline of over 2 per cent at Rs 3,175 apiece.
Ranji: Jagadeesan's 2nd season-ton helps Tamil Nadu
Rediff.com26 Jan 2024Opener Shubham Rohilla struck his fourth first-class hundred to take Services to 279 for 4 against defending champions Saurashtra
Market analysts expect 'quality, growth' stocks to make comeback in 2024
Rediff.com25 Jan 2024Most market analysts are expecting the momentum to shift towards 'quality' and 'growth' stocks in 2024 after the outperformance of 'value' stocks over the past three years. 'Value' stocks are generally well-established companies with steady profits that are trading at a discount to what they are intrinsically worth. Companies in sectors such as commodities, industrials, commercial vehicles and public sector units (PSUs) fall in this bracket.
Football: India lose to Syria; crash out of Asian Cup
Rediff.com23 Jan 2024India lost all their three matches and without scoring any goal in the Asian Cup.
Earnings-equity valuation gap of Indian IT companies widens
Rediff.com23 Jan 2024The Nifty IT index rose by 5.14 per cent on Friday (January 12), marking its best performance in a day since July 2020, followed by another 1.9 per cent rally on Monday. With this, the index, which tracks the share prices of India's 10 biggest information technology (IT) services companies, has increased 7.1 per cent in the past two sessions. However, the substantial rally in the index occurred at a time when India's four largest IT companies reported their worst quarterly performance in over five years.
Soccer Wrap: Inter clinch dramatic win to lift Italian Super Cup; Morata powers Atletico
Rediff.com23 Jan 2024Inter Milan captain Lautaro Martinez struck a last-gasp goal to snatch a dramatic 1-0 win over 10-man Napoli as they claimed their third successive Italian Super Cup title on Monday.
Harbhajan on why Kuldeep should play ahead of Axar
Rediff.com22 Jan 2024The plus point for Kuldeep Yadav is his ability to extract turn and bounce.
India Open: Satwik-Chirag fall in final hurdle
Rediff.com21 Jan 2024Home favourites Satwiksairaj Rankireddy and Chirag Shetty went down in a tense final against world champions Kang Min Hyuk and Seo Sang Jae at India Open, settling for their second successive runners-up finish, in New Delhi on Sunday.
Incident unacceptable, shameful: Scindia on Mumbai tarmac food row
Rediff.com19 Jan 2024The safety and security of citizens is primary for the government, he said.
1,226 cases of JN.1 found in India so far, Karnataka, Andhra top list
Rediff.com18 Jan 2024A total of 1,226 cases of COVID-19 sub-variant JN.1 have been reported in the country so far with Karnataka and Andhra Pradesh recording the highest number of cases till now, according to the Indian SARS-CoV-2 Genomics Consortium (INSACOG) on Thursday.