The rebound suggests the conglomerate, once termed "deeply overleveraged" by research firm CreditSights, is finding favor with investors again

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Bloomberg

A constitution bench has reviewed the challenge to the abrogation of Article 370, exploring the constitutionality of the process and its impact on Jammu and Kashmir's special privileges

Supreme Court, Manipur violence

Business Standard

Ahuja was appointed as MD and CEO in May 2018. Manu Ahuja was an alumnus of XLRI Jamshedpur and Thapar Institute of Engineering, Patiala

Manu Ahuja

Foreign portfolio investors (FPIs) injected Rs 26,505 crore into the Indian equity markets in the first six trading sessions of this month on expectations of political stability after the BJP stormed to power in three major states and robust economic growth.
This came following a net investment of Rs 9,000 crore in October. Before this, overseas investors withdrew 39,300 crore in August and September, data with the depositories showed.
Going forward, FPI inflows are likely to continue, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
According to the data, FPIs made a net investment of Rs 26,505 crore in Indian equities in this month (till December 8).
Kislay Upadhyay, the founder of FidelFolio Investments, attributed the FPI inflows to the outcome of major state elections that signalled political stability going forward..
"The indication of political stability after the 2024 General elections, strong growth momentum in the Indian economy, inflation

Press Trust of India

The combined market valuation of seven of the 10 most valued firms climbed Rs 3,04,477.25 crore last week, with HDFC Bank and LIC emerging as the biggest gainers amid an overall optimistic trend in equities.
Last week, the BSE benchmark rallied 2,344.41 points or 3.47 per cent. On Friday, the 30-share BSE Sensex rose 303.91 points, or 0.44 per cent, to hit its new peak of 69,825.60. The index touched the highest intra-day level of 69,893.80.
HDFC Bank, Life Insurance Corporation of India (LIC), ICICI Bank, Tata Consultancy Services, and Reliance Industries were among the companies that recorded additions in their market valuation.
HDFC Bank's valuation soared by Rs 74,076.15 crore to Rs 12,54,664.74 crore.
The market capitalisation (mcap) of Life Insurance Corporation of India jumped by Rs 65,558.6 crore to Rs 4,89,428.32 crore at close on Friday. LIC had reclaimed the Rs 5 lakh crore-mark after the shares of the company hit a 52-week high on the bourse on Thursday.
However, at cl

HDFC Bank

Anticipating the future, Redseer expects the next wave of DPI-driven opportunities in retail, insurance, healthcare, and agritech

Nandan Nilekani, co-founder of Infosys

The electricity demand increased 8.5 per cent to 9,82,233 units during April-October 2023, Parliament was informed on Thursday.
The energy requirement was 9,05,443 units during the first seven months of 2022, Minister for Power and New and Renewable Energy RK Singh said in a written reply to the Lok Sabha.
The energy supply rose 8.8 per cent to 9,79,344 units during the period under review from 8,99,950 units in the year-ago period.
In FY 2022-23, the electricity requirement was 9.6 per cent higher at 15,11,847 units over 13,79,812 units in FY 2021-22.
The supply was 15,04,264 units, 9.5 per cent up from 13,74,024 units in FY22.
The power generation during FY23 rose to 1,624.465 billion units (BUs) from 1,491.859 (BUs) in FY22.
During April-October FY24, the generation was at 1,047.439 BUs.
"The peak demand has gone up from 136 GW in 2013-14 to 243 GW in September 2023. We have been able to meet the increase in demand because we added 194 GW of capacity between 2014 to 2023," Si

Electricity, power, discoms

The Civil Aviation Ministry has discussions with airlines over the airfares and these were advised to self-regulate and keep passengers' interest in mind while fixing the fares, Aviation Minister Jyotiraditya Scindia said on Thursday, asserting that the airfare is neither established nor regulated by the government.
Scindia made the statement in response to a written question in the Lok Sabha about surge in airfares and steps taken by the government to address the issue.
"As per prevailing regulations, airfare is neither established nor regulated by the government. The airline fare system runs in multiple levels (buckets or RBDs) which are in line with practice being followed globally.
"The fares are fixed by airlines keeping in mind the market, demand, seasonality and other market forces. The airfare increases with increase in demand of seats as the lower fare buckets get sold out faster and move to higher fare buckets," he said.
Scindia informed that the Ministry had consultation

Airports, nearby areas may not get 5G network services anytime soon

Airlines, airport, aviation, flights

During the review meeting, it was emphasised that all measures should be taken to further improve coordination between the CBI and banks for expeditious investigation

bank frauds, financial scams

The Indian economy will grow at 6.5 per cent in the current fiscal ending March 31, 2024, Chief Economic Advisor V Anantha Nageswaran said on Thursday.
This decade is going to be the decade of uncertainty. If the corporate sector delays its investment, then the virtuous cycle of employment generation and economic growth will not materialise, Nageswaran added.
"When it comes to the finance ministry, our emphasis has been to plan conservatively, both with respect to nominal GDP growth assumptions, buoyancy assumptions for revenue growth, etc.
"And I think, when I talk about being able to achieve six and a half per cent in real GDP growth on average, I am giving myself enough room to surprise on the upside," he said while addressing an event organised by industry body CII.
The Indian economy grew 7.2 per cent in 2022-23. The Reserve Bank also expects growth to be 6.5 per cent in the current fiscal.
India's economy grew 7.6 per cent in the September quarter of this fiscal and remained

Economic growth, GDP

The point is that businessmen look to prosper; what they seek to minimise is uncertainty, which denotes risk. Beyond that they are politically agnostic, writes T N Ninan

Modi, narendra modi, BJP

The 14-year political journey of TMC leader Mahua Moitra has encountered both upheaval and elevation, as her expulsion from Parliament in a cash-for-query case marked the culmination of her tumultuous parliamentary term.
Despite the abrupt brakes to her parliamentary career for the time being, the opposition's unwavering support painted a contrasting picture, underscoring Moitra's enduring impact in present-day Indian politics.
Moitra, a first-time MP representing Krishnanagar Lok Sabha seat, found herself expelled from the Lok Sabha on Friday.
The Ethics Committee's report, holding her accountable for accepting gifts and illegal gratification, paved the way for her expulsion.
Following a contentious debate where Moitra was denied the opportunity to speak, Parliamentary Affairs Minister Pralhad Joshi proposed a motion to expel the Trinamool member for "unethical conduct," a motion that was adopted through a voice vote.
In response to her expulsion, Moitra strongly criticised the .

Mahua Moitra

RBI MPC: Reserve Bank's Monetary Policy Committee decides to keep the repo rate unchanged at 6.5% and also keeps the FY24 inflation forecast unchanged at 5.4%

RBI Governor Shaktikanta Das kept the repo rate unchaged on friday but raised GDP projections

On Monday, SC will deliver its verdict on a batch of pleas challenging the abrogation of Article 370 of the Constitution which conferred special status on the erstwhile State of J&K

Raise coverage under food security Act: Supreme Court tells Centre

Supreme Court

Inflation is expected to ease in the coming quarters

Banks, RBI

The stock performance of restaurant aggregator and food delivery platform Zomato could improve following the removal of the share sale overhang

Stocks, shares, stock maket

The National Commission observed that procrastination 
by the bank in deducting the premium, despite having obtained authorisation, had led to a delay in policy issuance

The insurance regulator is currently looking into the proposal, an official said

Insurance

She tells Archis Mohan how she was wrong in opposing her father's visit to the RSS headquarters, his views on Rahul Gandhi, his equation with PM Narendra Modi, and her political ambitions

SHARMISTHA MUKHERJEE, Author & daughter of former President Pranab Mukherjee

As many as 35 per cent of Indians would be angry if apps fail, said the survey done among 12,000 people in multiple countries

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FPIs invest Rs 26,505 cr in equities in first six sessions of December

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