Weak demand, global slowdown add to their woes

Crude oil

The stock price of GVK Power & Infrastructure was locked in the 5% upper circuit for the eight day, trading at its highest level since September 2018 on the BSE

Sensex, Nifty, stock brokers

His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm

Reliance Industries chairman Mukseh Ambani and Nita Ambani's children, left to right, Akash, Isha and Anant Ambani. PTI: Photo

Isha, Akash and Anant Ambani

Analysts at Jefferies, believe that the time is ripe to buy Eicher Motors given alleviating competitive concerns, along with tailwinds of 2W demand recovery, industry premiumization and exports.

Eicher Motors, motorcycle ,Royal Enfield, Royal Enfield bikes,

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

Punjab Finance Minister Harpal Singh Cheema on Saturday said the state government will withdraw its petition in the Supreme Court on the pending rural development fund (RDF) if the governor gets it released from the Centre.
Cheema was responding to Governor Banwarilal Purohit's letter to Chief Minister Bhagwant Mann on Friday in which he had stated it would be appropriate to wait for the decision of the Supreme Court on the state government's plea.
Chief Minister Mann, in a letter on Thursday, had asked the governor to take up the issue of the pending RDF worth Rs 5,637.40 crore with the president and the prime minister.
The state government had moved the Supreme Court in July on the RDF issue.
On the governor's statement that the state's debt rose by Rs 50,000 crore under the AAP dispensation, Cheema asked him not to talk about debt as it was inherited from previous governments.
Responding to the governor's response on the RDF issue, the finance minister said the Punjab governmen

RURAL DEVELOPMENT, GDP, ECONOMYRURAL DEVELOPMENT, GDP, ECONOMY

Claiming that India is the "oldest democracy", Lok Sabha Speaker Om Birla on Saturday asked publishers to consider publishing books on the country's democratic journey, its culture and heritage to present it to the world in a proper manner.
These books will also inspire the coming generations, he said.
Addressing an event organised by the Federation of Indian Publishers here, Birla said the global influence of Indian democracy has increased today and the country, under "the efficient leadership" of  Prime Minister Narendra Modi, has the capability to solve all the challenges facing the world.
"We have brought socioeconomic changes in our country through democracy. Today, under the efficient leadership of Prime Minister Narendra Modi, India has the capability to solve all the challenges facing the world. India's strength has increased," he said.
The Lok Sabha speaker said Indian publishers today have "a very big role" to play in taking India's increased strength, prosperity, culture

Om Birla

The ministers emphasized that while a comprehensive reform of the United Nations system remains a crucial international undertaking

India's leading automobile manufacturer Tata Motors on Saturday inaugurated its third registered vehicle scrapping facility (RVSF) in Surat with a capacity to recycle 15,000 vehicles per year.
Named Re.Wi.Re  Recycle with Respect,' the third RVSF in Surat -- set up after Jaipur and Bhubaneswar -- uses environmentally-friendly processes and has the capacity to disassemble 15,000 end-of-life vehicles safely and sustainably each year, it said in a statement.
The RVSF is developed and operated by Tata Motors' partner Shree Ambica Auto to scrap end-of-life passenger and commercial vehicles of all brands, it said.
"We are confident that these decentralised facilities will benefit our customers, foster economic growth, generate employment opportunities and fulfil the need of eco-friendly vehicle scrapping," Balaji said.
Re.Wi.Re. is purpose-built for dismantling end-of-life passenger and commercial vehicles across all brands, with a focus on employing environmentally friendly practices.


Tata Motors

India were seeded directly into the quarterfinals in League of Legends E-sports event, while they will begin their campaign from the round of 32 in two other sections in the Asian Games.
India will compete in four of the seven events in the E-sports which will be making its full-fledged debut as an official medal sport at the Hangzhou showpiece.
Having dominated the Central and South Asia seeding event and clinching the top-seed, Indian team have gained a direct entry into the quarter-finals in League of Legends event.
The Indian League of Legends team is represented by captain Akshaj Shenoy (Kai), Samarth Arvind Trivedi (CrankO), Mihir Ranjan (Lotus), Sanindhya Malik (Deadcorp), Aakash Shandilya (Infi) and Aditya Selvaraj (Krow).
In FC Online-4, Charanjot Singh (Charanjot12_) secured top seed, while his teammate Karman Singh (tikkatown) clinched fifth seed.
Due to their seeding advantage, both athletes will kick off their campaigns from the last-32 stage with Charanjot squaring o

Asian Games 2023: Indian Esports team grabs top seed, begins campaign in QF

The Nijjar murder is fast unfolding into treacherous scenarios that could have tragic consequences for both nations. No one stands to gain from the ongoing face-off

India Canada

India's rage is misplaced and hardly serves to endear the country to those appalled by the idea that it may have had a Canadian citizen killed

The leaders of both countries should encourage bilateral trade and people-to-people exchanges that can help build bridges

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

Out of the gross market borrowing of Rs 15.43 trillion projected for FY24, the Centre borrowed Rs 8.88 trillion (57.55 per cent) in the first half (April-September) of FY24

money, cash, rupees

Eicher has sharply underperformed the Nifty50 index over the past one year with a return of -1.2 per cent while the benchmark is up 15.6 per cent during this period

Eicher Motors, Classic 350 motorcycle

Logistics company Delhivery has partnered with private equity firm Nexus Ventures and Amazon Web Services to launch an accelerator programme for budding entrepreneurs in the logistics space, a statement said on Tuesday.
The programme, Velocity, will help build a logistic ecosystem to enable new entrepreneurs to convert their ideas into viable, functional business solutions,  Delhivery Chief Technology Officer and Executive Director Kapil Bharati said.
Leading cloud services provider AWS is providing activate cerdits of USD 25,000 (around Rs 21 lakh) to selected startups for building and scaling technology infrastructure.
In the first edition of the programme, 20 out of 234 applicants were picked for providing mentorship, the statement said.
Warehousing-focused ODWEN, Wherehouse, and Warehousity; EV fleet providers, including EVIFY and Zyngo, agritech startups such as Upjao Agrotech and E Sandhai and aggregator platforms Paapos, Hyphen SCS, and Loadexx were among the selected startu

Delhivery

The private equity firm is looking to identify buyers for its 60.4% in the Mumbai-listed company, said the people, who asked not to be identified as the information is private

Health, healthcare

Prime Minister Narendra Modi on Tuesday said clean, clear and stable governance is necessary for the country's developmental journey to continue  as he credited positive developments taking place in India to political stability, policy clarity and democratic values.
Addressing students, faculty members and heads of educational institutions at the finale of the G20 University Connect here, Prime Minister said India's diplomacy touched new heights in the last 30 days and some decisions taken during the G20 Summit have potential to change the direction the 21st century world takes.
"In today's polarised international atmosphere, it is not a small thing to get so many countries together on one platform," he said, referring to the G20 Summit in Delhi earlier this month.
He noted he met 85 world leaders in last 30 days.
"India is becoming a happening place. It is evident from the activities of the last 30 days. I want to give you a report card of the last 30 days. That will give you an i

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Govt sticks to market borrowing plan of Rs 6.55 trillion in H2 of FY24

Eicher Motors may see a smooth ride on easing concerns of competition

Delhivery partners with Nexus Ventures, AWS for accelerator programme

CVC mulls controlling stake sale in Indian hospital chain HealthCare Global

Clean, stable governance necessary for development to continue: PM

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Impact check: Higher crude oil prices threaten India Inc's profit margins

At 5-year high: This power & infra stock has zoomed 146% in last one month

Ambani's children will get no salary, only fee for attending board meetings

Jefferies is bullish on these two 2-wheeler makers, sees up to 23% upside

Moody's rpt on Aadhaar made assertions without citing any evidence: UIDAI

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