Business / The Economic Times
Delhi's peak power demand reached a record high of 6987 MW on May 17, surpassing previous levels in May. The State Load Despatch Center data and an official release highlighted the increase in demand. Weather variations, green power initiatives, and potential future demand are critical for stable summer power supply.
Labour secretary Sumita Dawra said the labor reforms have been put in place with an eye on ease of doing business, simplification, and reduction in compliance burden, decriminalization and seamless dispute resolution, promotion of labor market flexibility at the same time in harnessing female participation, leveraging technologies, and meeting the scale needs of the economy, whether at the national or international level.
Four individuals, including two MBBS students, have been arrested for allegedly running a paper solver gang for NEET exams. The accused, who were caught following an incident during the NEET exam at Bhartiya Vidya Bhavan Mehta Vidyalaya, have disclosed details of their operation. The case has been transferred to the Special Staff for further investigation, and efforts are underway to determine their involvement in previous exams.
India can'on being asked why Tesla didn't come to India after the CEO announced an India visit in April but cancelled at the last moment.
Delhi's Connaught Place (CP) is the beating heart of the city, capturing its commercial, cultural, and historical essence.
PVR Inox has partnered with Devyani International to expand into the food and beverage sector. Devyani will hold a 51% stake, while PVR will have 49%. This joint venture aims to boost pre-ticketing F&B revenue through branded food courts adjacent to cinemas. In FY24, PVR Inox's F&B sales rose 21% to Rs 1958 crore. The company plans to open 5-6 food courts initially. PVR Inox is also shifting to a capital-light model, reducing capex and adding new screens through a franchise model.
In a separate statement, the company's MD and CEO Sahil Barua said, FY24 has been a crucial year for us where we delivered consistent service levels, significantly improved profitability, completed a large portion of our planned long-term capital investments and achieved material working capital improvement.
In its lifetime every midcap company sees some headwinds. There are many examples from history which show the difference between the companies which have been able to survive and grow even after all the trouble is that of the parent company. A company belonging to a strong industrial group which has a track record of handling many economic cycles in the past has a higher probability of surviving a bad phase and coming back on a growth path as compared to a company in the same line of business wh
Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which are sitting with big gains and are dependent on government policy push. Railways was among the last sectors to get re-rated due to the policy focus. Whether it was companies which are financing the expansion of rai
Here are some of the top banks' travel credit cards providing significant value-back on travel spends. Some of these cards are co-branded with popular travel portals or airlines while others offer general travel benefits.
Jayaram tragically passed away in a road accident on May 12 in Hyderabad. According to an IANS report, her car was involved in a collision with a bus. The actress, known for her role in 'Tilottama', was accompanied by her sister Apeksha, co-star Chandrakanth, and chauffeur Srikant at the time of the accident. Coincidentally, Chandrakanth was also her co-star in the highly successful TV series 'Trinayani'.
To be undertaken by the Development, Monitoring and Evaluation Office of NITI Aayog, the evaluation is being done to understand the success of the scheme in supplementing the financial needs of the farmers, its impact on farm income and the extent to which it has reduced dependence on moneylender. The scheme costs the government Rs 60,000 crore a year.
Sahara Group criticises 'Scam 2010 - The Subrata Roy Saga' series by Hansal Mehta on Sony LIV, contemplating legal action for defamatory portrayal. The series delves into financial scandals involving Subrata Roy, with disputes pending before SEBI and the Supreme Court. Produced by Applause Entertainment in association with Studio Next.
Royal Challengers Bangalore (RCB) star and Indian batting maestro Virat Kohli has hinted at MS Dhoni's potential future plans, suggesting that Saturday's game between the two may be the last time they play together. Kohli highlighted Dhoni's career-long support as an example of his own approach, noting that the 42-year-old has been instrumental in helping him through critical game moments. Since last year's IPL, there has been ongoing speculation about which season might be Dhoni's last in the l
Singapore faces a COVID-19 wave with 25,900 cases. Health Minister Ong advises mask-wearing. Ministry of Health adjusts hospital operations. Public urged to stay updated on vaccinations and COVID-19 variants. Vaccines proven safe and effective with no long-term concerns.
UP CM Yogi Adityanath criticizes Congress for inheritance proposal likening it to Aurangzeb's 'jizya' tax. He asserts BJP's election goal is a developed India under PM Modi's leadership.
In todays special trading session, 21 stocks among the Sensex closed in green while 9 were in red. day's trading session, five stocks saw top short covering. Here's the list:While S&P Sensex closed 0.12% higher at Rs 74,006, the 50 company index Nifty-50 closed 0.16% higher at Rs 22,502.Here are the stocks that saw action today:
US Defense Department is looking to acquire a new generation of ground- and space-based tools that will allow it to defend its satellite network from attack and, if necessary, to disrupt or disable enemy spacecraft in orbit, Pentagon officials have said in a series of interviews, speeches and recent statements.
After the recent phase of the volatility, there has been a bounce back in Nifty and sensex. Along with them there has also been an improvement in the market breadth as more number of stocks were able to inch upward. But this is not enough to say the volatile phase is over. At this point of time, one cannot rule out more profit booking ahead of election results. If one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concer
In 2012, we were at number 11 at GDP rankings, today we are at number 5, jumping 6 places, it is inevitable that we will go onto number 3 position in next 2- 3 years, he said at a panel titled Future of Competitive India: Should India Have an Integrated Trade, Investment & Industrial Policy? Singh emphasized India's position as a historical behemonth, saying it will regain its glories fueled by sustained growth and strategic government initiatives.
Here a list of sectors along with the sectoral top picks that will have a positive impact on NDAs return, as suggested by Prabhudas Lilladher:
Amitabh Kant, India's G20 Sherpa and former Niti Aayog chief, praised India's structural reforms, noting that they have elevated the country from the fragile 5 to the op 5, resulting in a growth rate of approximately 8.4% over the last three quarters. Kant highlighted analysts' projections that foresee India contributing 30% to global GDP growth between 2035-2040.
The actor finally returned home after being missing for nearly a month. He revealed that the reason behind his sudden disappearance was not anything sinister. He claimed that he had gone on a spiritual journey. He had visited multiple Gurudwaras, however later, he had a change of heart and decided to return home to his parents.
IEX reported a 14.7% YoY increase in its PAT on May 15 along with a revenue at Rs 149.5 crore for the fourth quarter of the financial year 2024.
Delhi police detained Bibhav Kumar, aide to Arvind Kejriwal, following allegations of assault by Rajya Sabha MP Swati Maliwal. Kumar lodged a complaint against Maliwal via email, accusing her of physical assault. A prominent AAP member, Atishi, argued that the charges against Kumar are baseless and part of a larger conspiracy. The AAP refuted the allegations, claiming they are part of a plot by the Bharatiya Janata Party (BJP).
The jump in stock price happened after the MNC's shareholders turned down a proposal to increase royalty payments to Swiss parent Nestle. Results of a remote e-voting by shareholders show that 57.18% of the votes were cast against the proposal for increasing royalty from 4.5% to 5.25%.
In a complaint, Maliwal alleged that Kejriwal's Personal Secretary Kumar 'slapped her atleast seven to eight times,' while she 'continued screaming.' Maliwal further claims that she was 'brutally dragged' while being 'kicked' in the chest, stomach and pelvis area. According to a medico-legal report from the Jay Prakash Narayan Trauma Centre at AIIMS, Maliwal had bruises over her left leg and her right cheek.
Sundaram Home Finance, the wholly owned subsidiary of Sundaram Finance has reported a net profit of Rs 57 crore for the January-March 2024 quarter, the company said.
Swati Maliwal News: AAP Rajya Sabha MP Swati Maliwal, who alleges she was assaulted by Delhi CM Arvind Kejriwal's aide Bibhav Kumar, reportedly has bruises on her left leg dorsal and right cheek, as per her medical report.
From his years of experience, Goodman made several observations about the market in his book The Money Game. Here are some of them which are still relevant for modern-day investors.
The March quarter has seen a slowdown in the topline growth across sectors as the nominal growth has moderated on the high base of last year and cooling off of inflation.
Shares of BKT surged 5% on Saturday to its fresh 52-week high of Rs 2,798.95 supported by the companys solid fourth quarter performance. Its net profit soared 88% while revenue jumped 16% to Rs 2,697 crore on the back of a sales volume of 82,085 MT.
EPF death claim: The EPFO stated that it has received specific references from field offices indicating that they are unable to seed and authenticate Aadhaar in cases of death of EPF members. Note that Aadhaar details cannot be updated or corrected after a member passes away, which presents challenges for the field offices.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) introduces comprehensive guidelines for senior citizen housing projects, covering design, accessibility, mobility, kitchens, bathrooms, green principles, lifts, ramps, safety. Developers must certify compliance with standards, covering structural design, stability, testing, materials, workmanship.
After the abrogation of Article 370, Ladakh, which shares its border with both Pakistan and China, was carved out as a Union Territory without legislature. While Leh welcomed the move initially, people in Kargil were unhappy about the split. However, soon the concerns over safeguards for land and jobs took over, and protests erupted.
Met department forecasts a partly cloudy sky, heatwave, and strong surface winds for the day. Heatwave conditions, defined as a maximum temperature exceeding 4.5 degrees above normal, reaching at least 45 degrees Celsius, are expected.
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to USD 450 million via sale of dollar bonds, sources said.
The head of a top Indian diaspora think-tank criticizes the US Commission on International Religious Freedom for lacking diversity and producing biased reports on India and Hindus. USCIRF announced new members Maureen Ferguson, Vicky Hartzler, Asif Mahmood, and re-appointments of Stephen Schneck, Eric Ueland. Khanderao Kand criticizes the missed historic opportunity for diversity and balance in the commission.
In Himachal Pradesh's Mandi Lok Sabha constituency, the BJP's Kangana Ranaut and Congress's Vikramaditya Singh engage in a fierce campaign focusing on development, governance, and legacy. The battle for voter support intensifies as the two candidates highlight their agendas and seek to sway the electorate.
ZEEL swung back to profit in March quarter against loss a year ago. Its total income in the reporting quarter, too, increased 3% YoY to Rs 2,185 core. Goldman Sachs sees partial recovery in revenues as a positive sign.
The Indian embassy in Kyrgyzstan has advised foreign students to stay indoors due to reports of violence against them. The situation is currently calm, but students are advised to contact the embassy for any issues. External Affairs Minister S Jaishankar is monitoring the welfare of Indian students in Bishkek. Pakistan Prime Minister Shehbaz Sharif expressed concern over the attacks and directed Pakistan's Ambassador to provide assistance.
The fifth phase of voting for the 18th Lok Sabha elections is scheduled for May 20. On the days of voting, banks in various cities will be closed. Here is a look at the cities where banks will be closed for the fifth phase of the elections.