Shocking stats reveal three girls forced into child marriage per minute in India. NCRB recorded 3,863 cases (2018-2022); 16 lakh estimated annually. Assam achieved an 81% decline via strict enforcement and 3,000+ arrests. Alarming 23.3% of women aged 20-24 married before 18, impacting maternal health, labor force participation, and gender equality.
Reliance Industries is anticipated to report Q1FY25 profit between Rs 14,999 crore to Rs 19,084 crore with revenue estimates ranging from Rs 2,31,463 crore to Rs 2,22,254 crore. Concerns arise over O2C impact on earnings due to declining refining margins.
Jwalant Nanavati has been appointed Head of Investment Banking, Asia ex-Japan, at Nomura, effective July 17, 2024. He will also remain Head of Southeast Asia with added responsibilities for East Asia. With over 20 years of experience, Jwalant aims to enhance Nomura’s M&A Advisory productivity and cross-sell opportunities.
Revised ITR: If you had filed an original income tax return (ITR) before the deadline but missed reporting certain incomes, then it is better to file a revised ITR and make the correction. Same holds true for selection of wrong ITR form while filing original ITR. Make the corrections and file a revised ITR.
Capitalmind's Select India One Fund, targeting Rs 500 crore in a year with Rs 1-crore minimum, holds 20-40 stocks. Major allocations: 44.37% in industrials, 15.16% in consumer cyclicals, 13.6% in non-energy materials, 9.47% in healthcare. Using systematic hedging and rule-based strategies, it focuses on less understood markets. CEO Deepak Shenoy notes a 28.
The premises of the 65-year-old MLA from Mahendragarh constituency, including a farm house in Rewari, locations of his son Akshat Singh, the company Allied Strips Limited (ASL) and its promoters Mohinder Agrawal, Gaurav Agrawal and some others were being raided. A team of central armed police force (CAPF) personnel accompanied the search teams.
We are also seeing that from the point of view of quarter two, the institutional sales as I mentioned and also some part of the industrial sales is something which we see an uptick.
Wipro's Q1 revenue likely to decline by 2% year-on-year, with net profit expected to grow by 4%. Analysts are keeping an eye on consulting business performance and large deal pipeline. Company aiming for cost containment and efficiency measures to boost margins.
Housing prices in top 30 Tier II markets in India have surged by up to 94% over the last four years due to high demand for residential properties, according to PropEquity. The data compares average launch prices from 2019-20 to 2023-24. The cities with the highest price increases include Agra (94%), Goa (90%), and Ludhiana (89%).
A significant demand is the revision of the central contribution to the old age pension under the National Social Assistance Program (NSAP).
ICRA forecasts a 10% revenue growth for integrated sugar mills in India, driven by higher sales volumes and firm domestic sugar prices. The agency anticipates a decline in net sugar production in the upcoming year due to increased diversion towards ethanol. Key challenges include policy clarity on diversion and exports, as well as meeting ethanol blending targets.
Fifteen years back, not many would have thought a stock exchange would be listed as a company and one would be able to buy its share. But today it is listed and its turnover has grown multifold in the last few years and stock turned out to be multibagger. More than anything else, the reason for it becoming a multibagger is that the size of the capital market in India has grown many times. So, as principal before look at the stocks and which category of cap it falls in , better to look at what is... Читать дальше...
Garden Reach Shipbuilders and Engineers (GRSE) will construct an 89.5-meter-long research vessel for deep sea exploration under a pact with the National Centre for Polar and Ocean Research (NCPOR). This vessel will be the largest built in an Indian shipyard for such purposes and will support India's Deep Ocean Mission, aiming to explore the Indian Ocean for rare minerals and metals.
A low-pressure area over the central and north Bay of Bengal will cause heavy to extremely heavy rainfall in various Indian regions. The IMD has issued warnings for several states, predicting significant rainfall in Coastal Andhra Pradesh, Yanam, and Telangana on July 18-19, and Vidarbha, South Chhattisgarh, and South Odisha on July 19-20.
ICICI Securities has increased the target price of Azad Engineering to Rs 2,450 due to promising long-term prospects.
ETMarket identified five stocks with monthly gains exceeding 20% from April to June '24 of FY25, all with market caps above Rs 2500 crore. These stocks have turned into multibaggers in FY25.
US Ambassador to India Eric Garcetti visited Adani Group's Khavda renewable energy project, showcasing support for the conglomerate. Adani Greens is developing the world's largest 30,000 MW project in Gujarat, a project that has drawn global attention. Garcetti's visit is being seen as a positive sign for the Indian conglomerate's reputation in the US post the Hindenburg controversy.
Budget Expectations: India is gearing up for its annual budget announcement, sparking global market excitement. With urban development stakeholders eagerly anticipating policy reforms and fiscal support under Modi 3.0, significant advancements are expected. Anticipated budget allocations for infrastructure, housing, and digital governance aim to enhance urban living standards and drive sustainable growth across the country.
This follows a complaint by the residents of nearby villages that the baba, who lives in the temple and introduces himself as Chaitanya Akash, bathes in Devi Kund, a sacred lake that flows below the structure. The villagers have called it an act of desecration as they bathe their deities in the lake once a year.
The brutal murder of YSRCP member Rashid on Wednesday night triggered a strong exchange of words between YSRCP chief Jagan Mohan Reddy and TDP leader Nara Lokesh on social media platform X. While the former alleged that the state is being run under "demonic law," the former accused Reddy of making false allegations.
Keki Mistry stresses that reducing tax rates boosts compliance, growth, job creation, and consumption. Key areas include infrastructure, defence, affordable housing, and corporate tax cuts. He expects a recovery in household financial savings and suggests GST cuts for middle-income groups. Anticipates interest rate cuts and highlights F&O segment regulation and insurance sector potential.
During his June 16-17 visit, EAM Jaishankar inaugurated India's first overseas Jan Aushadi Kendra in Mauritius with PM Jugnauth. They opened a Grand Bois clinic for 16,000 residents and 12 community projects, supporting health recovery. This symbolizes their “Khoon ka Rishta.” Jaishankar also met opposition leader Boolell, discussing the Health Minister's request for operational Kendra.
