Lower crude oil costs and higher marketing margins are expected to raise the fortunes of oil marketing companies (OMCs) in the first quarter (Q1) of 2023-24 (FY24), while city gas distribution (CGD) companies could also benefit from lower spot prices of liquefied natural gas (LNG). However, in a break from the past, growth trends are expected to diverge for various segments within the broad energy sector. Analysts expect the earnings from gas production to go down for upstream national oil and gas companies such as Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) due to the introduction of the new domestic gas pricing regime on April 1. After showing steep losses over the first half of 2022-23 (FY23), the marketing margins of OMCs have steadily recovered in four months.

IT services firm Infosys on Thursday reported an 11 per cent rise in consolidated net profit in June quarter at Rs 5,945 crore, but lowered full year growth outlook to 1-3.5 per cent amid macro uncertainties. The net profit (before minority interest) during the same period previous year stood at Rs 5,362 crore.

Indian para athletes record best ever finish at World Championship, earn 17 quota places for Paris Games

Babar Azam's side had been in charge after claiming a handy first-innings lead of 149 in the first match of the two-Test series.

From the Sensex pack, NTPC, Bajaj Finance, IndusInd Bank, UltraTech Cement, Bajaj Finserv, State Bank of India, Tata Motors, ITC, Power Grid and Larsen & Toubro were the biggest gainers. IndusInd Bank climbed 2 per cent after the company on Tuesday reported a 30 per cent jump in consolidated net profit in April-June quarter at Rs 2,124.50 crore, helped by core income growth and lower bad loan provisions.

Saud Shakeel's career-best 208 not out fetched Pakistan a significant first-innings lead of 149

Reliance Industries may report a muted performance for the April-June quarter of FY24, with most brokerages expecting it to have witnessed a year-on-year (YoY) and quarter-on-quarter (QoQ) contraction in revenue and net profit during the period because of a poor showing by its oil-to-chemicals (O2C) division. The O2C division, which includes refining and petrochemical businesses, accounts for a little over half of RIL's revenue and profit. A muted showing by RIL in the first quarter of 2023-24 may weigh on the overall corporate earnings, as well as the equity markets.

Popular YouTuber and social media influencer Elvish Yadav is making his presence felt inside the Bigg Boss OTT house.

Brokerages expect Nifty50 companies to have cumulatively witnessed strong double-digit growth in their earnings in the first quarter of FY24 (Q1FY24). This growth in the combined earnings is expected to have been driven by banks, automakers, and oil & gas companies. Other sectors may report muted profit growth.

Credit card spending has hit a record high of Rs 1.4 lakh crore in May, the latest data from Reserver Bank of India showed. The total spending or outstanding dues on credit cards, which remained rang-bound throughout the year in the previous fiscal, have been rising by 5 per cent month on month this year. Similarly, the number of cards in use has also jumped by more than 5 million since January and crossed 87.4 million in the reporting month, making this also an all-time high in May, according to the RBI data.

Searle ends Britain's 61-year wait for Wimbledon boys' singles success

Unheralded Abha Khatua equalled the women's shot put national record of 18.06m while winning silver in a surprise performance.

Power Grid, HCL Technologies, Asian Paints, Hindustan Unilever, Maruti and Nestle were among the laggards. Shares of HCL Technologies were trading over 1 per cent lower even after the company reported a 7.6 per cent year-on-year rise in June quarter net profit on the back of new order wins.

The country's largest software exporter TCS on Wednesday reported a 16.83 per cent jump in its June quarter consolidated net profit to Rs 11,074 crore. The Tata Group company had reported a net profit of Rs 9,478 crore in the year-ago period and Rs 11,392 crore in the preceding quarter. Its revenue from operations increased 12.55 per cent on a year-on-year basis to Rs 59,381 crore and was marginally up from the preceding March quarter's Rs 59,162 crore.

From the Sensex pack, Sun Pharma, Maruti, Tata Motors, ITC, Nestle, Larsen & Toubro, Infosys, Asian Paints, Titan, Tech Mahindra, Power Grid and Reliance Industries were the major gainers. Bajaj Finance, Axis Bank, HCL Technologies, State Bank of India, HDFC, HDFC Bank, ICICI Bank and Bajaj Finserv were among the laggard from the 30-share pack.

'Praful Patel said his residential building was sealed, and the investigative agencies have shifted their office to his house, and that he was in a helpless condition.'

'Returns can be very variable in equity markets.' 'That is why I tell small investors don't put 100 per cent of your money in equities, even if you are young.'

After falling 10 per cent against the greenback in 2022, the rupee staged a comeback in 2023 as it appreciated, albeit marginally, on the back of strong portfolio inflows, in addition to timely intervention by the Reserve Bank of India. The Indian unit appreciated by 0.16 percent in six months until June 28. The rupee stood in third place in terms of appreciation against the US dollar among the 12 Asian currencies and in 12th place of the 23 emerging-market currencies.

"Who are they to tell me to retire? I can still work," Pawar said in an interview

The tributes to Fr Stan by his associates and his co-accused (which were read out) provided a clue to why his death continues to touch so many.

India's foreign exchange reserves rose by $1.85 billion to $595.05 billion in the week ended on June 30, the Reserve Bank of India said on Friday. The overall reserve had dropped by $2.90 billion to $593.20 billion in the previous reporting week. In October 2021, the country's forex reserve had reached an all-time high of $645 billion.

As the tussle for control of the Nationalist Congress Party hotted up after its vertical split, Sharad Pawar on Thursday declared he was the president of the party and hit back at nephew and Deputy Chief Minister Ajit Pawar's retirement jibe, saying he will work more effectively "whether 82 or 92."

Ajit Pawar asked in his speech at his faction's meeting when would Sharad Pawar, who is 82 years old, "going to stop".

Maharashtra Deputy Chief Minister Ajit Pawar on Wednesday said he aspired to become the CM of the state and also took a jibe at his 83-year-old uncle asking when will the Maratha strongman retire from active politics, as he appeared to be ahead in the numbers game for control of the Nationalist Congress Party after its vertical split.

Hitting out at Ajit Pawar for his dig at Sharad Pawar's age, Nationalist Congress Party working president Supriya Sule, in a stern response on Wednesday, asked the Maharashtra deputy CM not to disrespect her father.

As many as 35 of 53 Nationalist Congress Party MLAs were present at the party meeting convened by Maharashtra deputy chief minister Ajit Pawar in Mumbai on Wednesday, party sources said.

Surrounded by party workers, including 32 of Nationalist Congress Party's 53 MLAs, Maharashtra deputy chief minister Ajit Pawar on Wednesday reminded his 83-year-old uncle Sharad Pawar that it was time for him to retire.

India dominates ICC Test Rankings

The Sharad Pawar and Ajit Pawar factions of the NCP are holding their meetings in Yashwantrao Chavan Centre in south Mumbai and in Bhujbal Knowledge City in suburban Bandra, respectively, on Wednesday.

Reflecting strong momentum in business, commercial banks, including one public sector lender, reported a year-on-year (YoY) growth in advances. This was higher than or around the banking sector trend in the first quarter ended June 2023. Bank of Maharashtra said its loans expanded by 25 per cent YoY to Rs 1.75 trillion. This pace was much higher than the banking system's 15.4 per cent growth till June 16, 2023, according to Reserve Bank of India (RBI) data.

Though this is the second charge-sheet filed by the CBI in the case before a special court here, it is the first time that Tejashwi Yadav has been named as an accused.

The development comes amid a close aide of Pawar saying 36 out of 53 NCP MLAs have extended support to the new deputy CM and the numbers could go to 46 in a few days time.

Australia captain Pat Cummins admitted his team had endured an uncomfortable time before winning the second Ashes Test against England at Lord's.

Marking a vertical split in the Nationalist Congress Party, its senior leader Ajit Pawar joined the Eknath Shinde-led Maharashtra government as deputy chief minister on Sunday.

England captain Ben Stokes' swashbuckling 155 was in vain as Australia won the second Ashes Test at Lord's by 43 runs on an extraordinary final day on Sunday to take a 2-0 lead in the five-Test series.

Ajit Pawar was earlier sworn in as deputy chief minister in the Eknath Shinde government, while eight others, including Walse Patil and Bhujbal, were made ministers, the developments coming after a vertical split in the NCP.

Neeraj claimed victory in the men's javelin event with a remarkable throw of 87.66m

North bowlers made optimum use of it to reduce North East to 58 for 3 at close. NE trail by 607 runs.

Zimbabwe carried the form they showed in Group A to get the better of a fighting Oman, with Williams continuing his stellar run.

The Adani group will be generating almost 90 percent of its Ebitda (earnings before interest, tax, depreciation, and amortisation) from infrastructure business by 2025 as compared to 83 per cent generated from these businesses currently, top company officials told bankers recently. Of the infrastructure business, 49 per cent of the profits are currently contributed by energy and utility, another 25 per cent by transport and rest by cement and logistics businesses. This will go up substantially as several new projects like Navi Mumbai airport and other projects get commissioned and contribute to the overall Ebitda pie, bankers were told.