PFC Q1 Results Latest Updates: The company's board also approved declaration of an interim dividend at the rate of 32.50 per cent or Rs 3.25 per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10 each for FY25.
But as far as the Indian markets are concerned, it is an extremely strong market, minus the fact that the US could be going into a slowdown and it is difficult to kind of gauge the extent of the slowdown as yet but it is certainly going into a slowdown and which is going to trigger interest rate cuts from the Federal Reserve. So, minus that concern which will probably impact global-facing sectors, India is in a bull market, stay invested in India.
The International Olympic Committee (IOC) expressed interest in boxing at the Los Angeles 2028 Games, but requires a new global governing body after removing the International Boxing Association for governance and finance issues.
Bangladesh: Here's a look at the tumultuous journey of India's eastern neighbour -- Partition, creation, political killings, army rule and the overthrow of Sheikh Hasina.
Superfoods for women: best superfoods for women over 30 including blueberries, almonds, salmon and more
Trailing 0-2 after conceding penalty points for passivity, the Indian wrestler came back brilliantly in the last five seconds to take down the top seed by clinching three points to win 3-2.
The National Highways Authority of India intended to monetise $2.4 billion worth of road projects this fiscal year to reduce its $38 billion debt. The move aimed at cutting debt by fiscal 2025. The authority planned on continuing its asset monetisation efforts and constructed new roads to achieve this goal.
Indowind Energy raised Rs 48.30 crore from its shareholders through a rights issue, which was oversubscribed by 1.59 times. The raised funds will develop a 6 MW Solar Power Project in Tamil Nadu. Loyal Credit & Investments Limited subscribed to a significant portion. The new shares' listing is expected by August 20, 2024.
Even a healthy Tuesday rebound in equities is unlikely to temper the broad unease growing across financial markets. Investors that buy and sell based on quantitative measures, such as volatility, have offloaded $130 billion of stock bets the past few weeks and that process may accelerate in the days and week ahead.
BCCI is claiming exemption under section 11 of the Income Tax Act, 1961. However, during assessment proceedings, the exemption is being disallowed by the Income Tax department. "The issue of the BCCI's tax exemption is currently sub judice. Further, there is no direct tax proposal pending in this regard, at present," Chaudhary said.
Toyota Kirloskar Motor (TKM) is committed to reducing its carbon footprint and fossil fuel use in India by adopting diverse technologies. Deputy MD Swapnesh Maru emphasized the need for a multi-pronged approach, including hybrids and blended fuels, due to India's energy challenges. TKM plans expansion with a new plant in Karnataka and aims to increase production capacity while exploring hydrogen as a future fuel.
Olympics 2024 Wrestling: Vinesh Phogat, representing India in the 50kg wrestling category, triumphed over Yui Susaki of Japan, a four-time world champion, to advance to the Olympic Games quarterfinals. Indian wrestler. Trailing 0-2, Phogat made a brilliant comeback in the final seconds, winning 3-2 and advancing to the Olympic quarterfinals after a tumultuous year which followed filled with accusations against the Wrestling Federation of India (WFI).
Indian athlete Kishore Jena placed ninth in men's javelin throw Group A qualifier at the Olympics with a lackluster 80.73m throw, risking elimination. Jena awaits Group B results where Neeraj Chopra competes. To reach the final, athletes must throw 84m+. Top performers included Julian Weber (87.76m), Julius Yego (85.97m), Jakub Vadlejch (85.63m), and Toni Keranen (85.27m). Jena, who secured an Olympic spot with an 87.54m throw last year, struggled to maintain form since.
The UK government said on Tuesday that 6,000 specialist police officers were ready to deal with far-right rioting that broke out following the murder of three children, triggering a week of violence. Justice minister Heidi Alexander told BBC Radio 4 on Tuesday that the government had freed up an extra 500 prison places and drafted in 6,000 specialist police officers to deal with the ongoing violence.
So, I think that macro spasm which market in the West are going through, I think that will unwind and it will pave way for a better macro. I think the other two parts which is valuation and economic growth those are more durable in nature and the pain could persist.
Bangladesh's parliament was dissolved on Tuesday following Prime Minister Sheikh Hasina's resignation and departure amid violent protests. The decision came after student leaders issued an ultimatum demanding the dissolution of parliament and threatened further actions if their demand was not met.
"I think the yen carry trade would have limited impact on India at least fundamentally because the FIIs have been selling over the last two-and-a-half years and we have seen their total allocation to India's total market cap go down from 22-23% to 16-17%," Manish Sonthalia, Director and Chief Investment Officer at Emkay Investment Managers said.
Vinit Bolinjkar from Ventura Securities projected significant margin increases and early profitability for Ola Electric by FY27. He set a stock price target of Rs 140 over the next 12-18 months, crediting their battery pack development and market share strategies. Bolinjkar advised subscribing to Ola's IPO and listing for potential gains.
Though military chief Gen Waker-Uz-Zaman who has taken control of the country is pro-India, presence of the BNP and Jamaat-e-Islami in the interim government can put a strain on India-Bangladesh defence ties while the BNP coming to power after next elections will clearly make Bangladesh tilt away from India and towards Pakistan and China.
Sheikh Hasina's travel plans were disrupted due to uncertainties following her resignation as Bangladesh's Prime Minister. Initially planning to travel to London, she faced potential legal issues in the UK. Currently in India, Hasina's next steps are yet to be decided. Her resignation followed widespread protests against her government.
TVS Motor Q1 Results: Standalone revenue from operations for the quarter rose by 16% YoY to Rs 8,376 crore as against Rs 7,218 crore in the year-ago quarter. In the first quarter of FY25, the company achieved its highest-ever operating EBITDA of Rs 960 crore, marking a significant 26% increase compared to the Rs 764 crore recorded in Q1 of FY 2023-24.
India has reported 53 confirmed cases of Chandipura virus, with 19 deaths, mainly in Gujarat, prompting Union Health Minister J P Nadda to deploy a National Joint Outbreak Response Team to assist in public health measures and epidemiological investigation. Various experts are involved, including entomologists, rapid response teams, and community education programs, with a joint advisory issued for proper vector control and timely referral of suspected cases.
