The Financial ExpressThe Financial Express
India's burgeoning online retail market, currently led by Amazon and Walmart-owned Flipkart, is expected to grow at a compound annual growth rate of 25.8 per cent to $84.6 billion by 2023 in size from $26.9 billion in 2018.
Fortis Healthcare has reported a consolidated net profit of Rs 151.19 crore for the quarter ended March, as against a net loss of Rs 914.32 crore in the corresponding period of the previous fiscal.
The BJP on its own got the majority in the election by winning 303 out 542 seats in the Parliament. The NDA parties together got 353 seats.
NIIT Ltd Saturday said its consolidated net profit rose 18 per cent to Rs 23.2 crore in the March quarter, helped by increased productivity and turnaround in its skills and careers (SNC) business.
In view of the changing security situations in the region, there is an urgent need for modernisation and indigenisation for the armed forces. There are several projects that have been stuck due to several reasons and these will need to be pushed.
With the election results in, the new Defence Minister’s position would be an unenviable one. The critical necessity of ramping up the capabilities of the armed forces is immediate, while finance is scarce.
State-run power giant NTPC Saturday posted a 48.7 per cent jump in its standalone net profit at Rs 4,350.32 crore for the March quarter compared to the year-ago period mainly on the back of lower expenses.
To the big-time buysiders, those investors more likely to check their portfolio by the season than the session, it was just another week.
When NDA took over in 2014, India's challenges were monumental- our economy was in the doldrums, the nation was among the fragile five, pessimism and despair was all-pervasive, and corruption was rampant.
YSR Congress Party president and Andhra Pradesh Chief Minister designate Y S Jaganmohan Reddy is scheduled to meet Prime Minister Narendra Modi in the national capital on Sunday.
TMC chief Mamata Banerjee said that the central forces worked against her in this elections. "An emergency situation was created. Hindu-Muslim division was done and votes were divided.
A BJP worker was killed in Maharashtra's Akola district after allegedly being beaten up by a group of persons following an argument over the recently concluded Lok Sabha polls, police said Saturday.
The Jammu and Kashmir unit of the BJP on Saturday claimed that the people of Jammu and Ladakh regions want immediate removal of Article 370 and Article 35A of the Constitution by voting for the party.
In a swipe at Delhi Chief Minister Arvind Kejriwal over a "dirty pamphlet" against the AAP candidate from East Delhi, cricketer-turned-BJP MP Gautam Gambhir Saturday said elections come and go but one cannot afford to lose one's conscience.
The government has to now look for a revival of private sector capital investment and exports both of which had seen a recent slowdown.
For Elon Musk and Tesla Inc., the blows from Wall Street came one after another this week -- a relentless barrage that left the stock so beat up that some now wonder if it can ever regain its status as the ultimate 21st century disrupter.
The U.S. escalation of trade tensions won’t solve any of its problems but will create volatility in global markets and hurt the world economy, according to China’s top financial regulator.
Yugen - a Japanese word, that describes a profound awareness of the universe that triggers feelings too deep and mysterious for words! That's the theme for an ongoing art exhibition at the Triveni Kala Sangam in New Delhi.
Gujarat fire accident: Police said Bhargav Bhutani, who was running the coaching class on the third floor of the ill-fated Takshshila Complex, has been arrested Saturday.
All weather demand driver, domestic consumption has met with a severe slowdown in the past couple of quarters owing to rural distress and lack of credit and tighter liquidity.
According to ISRO RISAT-2B is an advanced Earth Observation satellite with an advanced technology of 3.6 metre radial rib antenna.
A thumping mandate for the Bharatiya Janata Party in the recently concluded Lok Sabha elections has set the stage for Prime Minister Narendra Modi to work for a new India that is prosperous and inclusive.
Defending Rahul Gandhi, Ghulam Nabi Azad said that in a democracy winning or losing keep happening but providing leadership is a different matter.
Barring the Ladakh parliamentary constituency, majority of the contesting candidates lost their security deposit in five other Lok Sabha constituencies in Jammu and Kashmir where 51 of them even failed to get one per cent of the valid votes.
WB HS result 2019: The West Bengal Class 12th board examination results will be announced by the West Bengal Council of Higher Secondary Education (WBCHSE) at wbchse.nic.in soon.
Ganga river's faecal coliform level is found 3 to 12 times higher than the permissible level at most inter-state boundaries, according to the data released by the apex pollution watchdog.
The BJP won 18 of total 42 Lok Sabha seats in the state and increased its vote share from 17 per cent in 2014 to 40.5 per cent this time.
BJP being the single largest party with a clear majority can afford to take strong measures without the compulsions of coalition politics.
The government had reduced the GST rate from 18 per cent to 5 per cent in January last year for startups in online home services space including UrbanClap, Housejoy etc., that was claimed to be threatening the low margin business of home services players.
The deaths of an Irish and a British climber on Mount Everest took the toll from a deadly week on the world's highest peak to 10, expedition organisers said Saturday.
UN Secretary-General Antonio Guterres has honoured an Indian police officer with a prestigious medal for sacrificing his life during the world body's peacekeeping mission in the war-torn Democratic Republic of the Congo.
Suspected cow vigilantes allegedly thrashed two persons in Madhya Pradesh's Seoni with sticks, accusing them of carrying beef, following which five accused have been arrested, police said Saturday.
Surat fire news: The owner of the coaching centre has been arrested and a massive hunt is underway to trace the whereabouts of the builders of Takshashila Complex in Sarthana area.
Prime Minister Narendra Modi is likely to meet President Ram Nath Kovind Saturday evening to stake a claim to form the new government, sources said.
Punjab Chief Minister Capt. Amarinder Singh also thanked Punjab ministers, party legislators and Congress workers for the good show they put up in the state.
Surat Police said that an FIR has been filed against three persons in connection with the tragedy. While the owner of the coaching centre has been taken into custody, the hunt is underway to nab two more accused.
While the notification sets in motion the constitution of the 17th Lok Sabha, the list given to the President enables him to initiate government formation process.
Political pundits say that the process of Congress' defeat in Amethi had started with its losses in the Assembly polls.
Asked about his reaction on Prime Minister Modi's victory in the 2019 general elections, Mu praised him and his efforts.
The president had on Friday accepted the resignation of Modi and his council of ministers but asked them to continue as caretaker until formation of a new government.
For pilgrims who want to attend the Hanuman Jayanti celebrations on May 29, the TTD has arranged special transportation facilities from morning till evening.
The Congress party clarified that Rahul Gandhi didn't offer to resign as party president at the Congress Working Committee meeting in Delhi. The Congress under Rahul's leadership won just 52 seats in the Lok Sabha elections. In 2014, the Congress had won 44 seats.
The right budgeting is necessary for the Armed Forces, along with further streamlining of acquisitions and procurements. Maritime security needs serious review in light of enhanced Indian responsibilities in the Indo Pacific.
While the reforms have had positive implications for the real estate sector, there are still short-term challenges which need the government’s attention.
Jignesh Mevani had campaigned aggressively for Kanhaiya Kumar in Bihar's Begusarai. But BJP's Giriraj Singh pulled off a stunning win, beating the CPI leader by over 4.40 lakh votes.
Thanking the MLAs for electing him as the legislature party leader, Reddy said,"in 2019, people voted for us out of faith and belief, in 2024 they should give us a bigger mandate because of our performance."
The MoSPI said that the restructuring order for the Indian official statistics system has come "in order to streamline and strengthen the present nodal functions" of the ministry.
On Twitter, Rangoli Chandel had shared that it takes a rare occasion to get her sister Kangana to cook in the kitchen!
Watsa said his companies have invested about C$5 billion ($3.7 billion) in India, including a stake in Catholic Syrian Bank Ltd.
Political stability alone isn’t likely to drive continued outperformance by India’s equities or currency, with investors also weighing headwinds from softer domestic consumption, rising oil prices and a trade war.
Indian sugar output is likely to exceed consumption for a third year in 2019-20. Supplies, including reserves, may total 44 million tons, against domestic demand of 26 million tons, the federation estimates.
The BJP has won 41 seats in the 60-member Arunachal Pradesh Assembly after results of all the constituencies were announced, an election official said Saturday. Assembly elections in Arunachal Pradesh were held for 57 seats as three BJP candidates were earlier declared elected unopposed. The Janata Dal (United) won seven seats, the National People’s Party […]
Nine suicide bombers, including a woman, carried out a series of devastating blasts that tore through three churches and three luxury hotels, killing 258 people and injuring over 500 others.
As per the guidelines for Payment Banks, they cannot accept deposits of more than Rs 1 lakh from one account holder and are not allowed to lend money.
While Sarangi bagged 48.45 percent of votes, the Assembly candidates together got 29.3 percent of votes.
The Cement Industry is a very important partner for the Government to build an inclusive growth story for the people of India.
Narendra Modi's visit to Gujarat meet his mother and Varanasi a day later comes just a few days after his BJP-led NDA returned to power with a massive majority in the Lok Sabha elections.
The day will be marked by mainly clear sky with the maximum temperature expected to hover around 36 degrees Celsius, he said.
Earlier, she garlanded the statue of party ideologue Deendayal Upadhyay at BJP office. The party's organization secretary Suhas Bhagat and other leaders were also present.
The most appropriate financial planning tool available to ensure the safety of one’s loved ones is a Family Floater health insurance plan that covers each family member.
Others like the Paswans of the Lok Janshakti Party (LJP) fared impressively in Bihar. While Ram Vilas Paswan's brother Ramchandra Paswan won from Samastipur, his other bother Pashu Pati Kumar Paras sealed a win in Hajipur.
The administration said Trump was protecting national security as unprecedented numbers of Central American asylum-seeking families arrive at the U.S. border.
The Congress Working Committee will meet in Delhi on Saturday where top leaders will deliberate on the reasons for the humiliating loss in the Lok Sabha elections. Rahul Gandhi is likely to resign as the Congress president at the meet.
The Bharatiya Janata Party made a stunning comeback, winning 303 seats, 31 more than the half-way mark in the 543-member Lok Sabha. The NDA secured over 350 seats and the Congress party was restricted to just 52 seats.
"Bigotry is the result of ignorance," Judge Lindsay Partridge said. "All of us are able to learn and benefit from cultures in our community."
The company was then merged with another company called the Auto Union, which eventually evolved into Audi.
The new stipulation is that the bidder should guarantee that the battery-powered e-bus will run for 250 km in a single charge and the mileage should be a minimum of 1.5 kWh/km.
The identified potential for power generation from small hydro projects across the country is around 21,135 MW.
That should pave the way for a 25bps cut in the repo rate, preferably in June than August. Beyond the anticipated rate cut, the MPC would need to see downward revision in the 1-year ahead inflation forecast to ease again.
Earlier this month, the central bank directed NBFCs with assets of over Rs 5,000 crore to appoint chief risk officers amid an evolving scenario of severe liquidity stress for non-bank lenders.
Textile minister in the outgoing government, Irani is expected to be given a key role in the government, sources said.
Former Assam chief minister Tarun Gogoi told The Indian Express that the Congress could not match Modi’s “emotional” pitch on several issues and argued the Congress “will have to give an impression that we are not anti-Hindu.
Matters complicated further for the airline with the series of resignations from the top management since May 13.
A comprehensive strategy is being firmed up to counter the impact of the Trump-led trade war while ensuring that the strategic partnership with the US doen't falter.
The new government might also choose to empanel two batches of Indian Administrative Service in one go to create a larger pool of officials to choose from for appointment to key positions.
The 17th Lok Sabha has to be constituted before June 3 and formation of the new House will be initiated once the Election Commissioners meet the President to hand over the list of newly-elected members.
In consumer business, we believe industry-leading growth over 12/24 months across fans and appliances would be key and that a lot would depend on product innovation (BJE’s key focus area).
DLF has assets in the area (retail and commercial SEZ), but the residential segment in the market remains stressed due to large number of legacy issues of developers who have unfinished inventory tied up in litigation.
Analysts at Kotak Institutional Equities said the ongoing improvement in the balance sheet of banks can support the overall credit growth by offsetting NBFCs' likely lower disbursements.
Last year, Sebi in its board meeting had allowed mutual funds to create segregated portfolios or ‘side-pocket’ facility based on credit events with respect to debt and money market instruments subject to various safeguards.
FPIs registered with Sebi are eligible to voluntarily invest through the route in government and corporate bonds.
Goenka expressed confidence that having laid the building blocks of several flagship programmes like Start-Up India, Smart Cities and Make in India, "we are assured of Government’s decisive traction to these schemes".
Improving volumes and and pricing in cigarette business are key catalysts; valuation is inexpensive; ‘Add’ rating maintained.
Though the target looks ambitious, if public capex crosses 10% of GDP in three years, it will be a good outcome.
There is no going back; and the people believe Modi and trust Modi to deliver. That is why this election was about the delivery, and promise, of the Modi government.
The election campaign was an unhappy one, highlighting external threats, and creating internal ones where they do or need not exist.
The southern metropolis faces one of its worst water-crises ever; India must focus on building storage capacity.
Gaurav Mohan, CEO of AMRG & Associates, noted that this would push the corporate governance to next level and would hold all directors directly responsible for non-compliance by a company in filing ACTIVE forms.
The company exported 2.4 million tonne of steel, a decline of 34% y-o-y. Exports accounted for 15% of its total sales in FY19, compared with 23% a year ago.
Lower revenue growth was primarily due to a volume growth of 1.3% y-o-y and 36% q-o-q to 59,521 units, while ASP fell 0.6% y-o-y due to adverse product mix as the M&HCV contribution declined.
They had such information with respect to sale of India Land and Properties (ILPL) to Indiabulls Infrastructure (IIL) and investment of IIL in ILPL.