Key seats, battle of prestige in Phase-III vote today

BJP logged strong performance in these seats in last election; PM likely to cast vote at Ahmedabad 75 delegates from 23 countries invited to see poll process Source: ECI ARCHIS MOHAN New Delhi, 6 May From Union Home Minister Amit Shah looking to win Gandhinagar with a bigger margin to Aviation Minister Jyotiraditya Scindia gunning to reclaim his Guna bastion, the seats going to polls on Tuesday will see many interesting fights.

Car dealers may have to pay 18% GST on sale of test cars

Car dealers will have to shell out an 18 per cent goods and services tax (GST) on the reimbursement of losses on sale of demonstration cars from car companies if the West Bengal ruling in a case related to a Mercedes Benz India (MBI) dealer sets a precedent.

Naresh Goyal gets interim bail on medical grounds

The Bombay High Court on Monday granted interim bail for two months on medical grounds to Jet Airways Founder Naresh Goyal, who has been arrested by the Enforcement Directorate (ED) in a money laundering case.

Analysts wary of Vi's falling subscribers, broadband users

'Recent fundraise could have a bearing on subscriber additions'

Adani in talks with lenders to raise $600 mn offshore loan

Gautam Adani's conglomerate is seeking an offshore loan of about $600 million to refinance existing debt, according to people familiar with the matter.

'Hope ICAI takes inputs from all for network rules'

\"THREE SECTORS WHICH STAND OUT BASED ON CURRENT TRACTION ARE TECHNOLOGY, HEALTHCARE AND RETAIL & CONSUMER JJ PwC India is committed to fully engaging with relevant professional bodies and regulators, says chairperson SANJEEV KRISHAN in an interview with Raghav Aggarwal in New Delhi.

'There is no impact of elections on the market'

At a time when the industry is expecting an election impact on commercial vehicle (CV) sales, SHENU AGARWAL, managing director (MD) and chief executive officer (CEO), Ashok Leyland, believes that the segment may do well during the first half of this financial year.

Top 3 IT majors train over 775,000 in GenAI skills

The top three Indian IT firmsTata Consultancy Services (TCS), Infosys and Wipro - collectively trained over 775,000 employees in generative AI (GenAI) capability by the end of 2023-24, according to an analysis of GenAI-trained workforce of leading companies in India in this sector.

GCPL posts ₹1,893 cr loss in March quarter

FMCG major Godrej Consumer Products on Monday reported a consolidated loss of 1,893.21 crore in the fourth quarter ended March 31, 2024, impacted by exceptional items related to impairment of brand and goodwill, and loss on sale of business in Africa.

Sebi no to market hour extension proposal: NSE

Stock brokers not on the same page over costs, tech needs

FSIB meet on May 21-22 to select SBI's next chief

The Financial Services Institutions Bureau (FSIB) is likely to meet on May 21-22 to recommend a candidate for the post of chairman of State Bank of India (SBI), said a person familiar with the matter.

KKR acquires Healthium Medtech for 7,000 cr

Global investment firm KKR on Monday announced acquiring Bengaluru-based medical devices company Healthium Medtech from an affiliate of funds advised by private equity firm Apax Partners.

Modi Missing, It Is Pawar Vs Pawar In Baramati

Maharashtra's Baramati constituency is witnessing a high-octane battle between the sitting MP Supriya Sule and NCP's Sunetra Pawar, whose husband Ajit Pawar recently cut political ties with uncle Sharad Pawar.

Breweries stir up barrels with mercury rising

Firms ramp up production, diversify offerings on record summer sales forecast Bengaluru,

Spice row: Norms for pesticide residue stringent, says gov

AKSHARA SRIVASTAVA & SANKET KOUL New Delhi, 5 May India has some of the most stringent norms for pesticide residues limit in food items, the government asserted on Sunday, amid reports that the regulator permits higher pesticide residues limit in herbs and spices.

Committed to theaterisation of military: Rajnath

The theaterisation process in the military is making progress as consensus is emerging among the three services on the ambitious initiative, Defence Minister Rajnath Singh (pictured) said in first clear remarks reflecting forward movement in the mega reform initiative.

THE EXPENDABLES

Is the COO position becoming redundant?

Small is beautiful, but not always

For most SFBs, being a small bank is part of their journey, not the destination

A case for making RBI regulations plain, simple

The April bulletin of the Reserve Bank of India (RBI) has an interestin 'Gauging Linguistic Complexity of on Regulatory Communication'.

Sequence of returns' big impact on final corpus

Prem invests 1 lakh per annum for 30 years, earning 12 per cent per annum for the first 15 years and 6 per cent for the next 15 years.

Protecting streedhan: Maintain inventory, store in woman's locker

The husband's family should also document all gifts to avoid false allegations

M&M's growth engines roar to life, launches to drive gains

SUCCESS MILEAGE: Investor confidence accelerates with growth focus

'Elections stoke volatility but don't alter market dynamics'

With less than a month remaining until the declaration of results for the 18th Lok Sabha elections, the markets are witnessing a spike in volatility. While the victory for the incumbent Bharatiya Janata Party government has largely been factored into market expectations, the uncertainty surrounding the allocation of seats is stirring some apprehension among investors. NIKET SHAH, the newly appointed chief investment officer (CIO) at Motilal Oswal Mutual Fund (MF), suggests that if the ruling coalition fails to secure a substantial majority, it could exacerbate short-term market volatility. Shah, who oversees assets valued at ₹46,000 crore, shares with Abhishek Kumar via email that valuations remain reasonable, and the potential for higher earnings growth is bolstering the ascent of small and midcap stocks. Edited excerpts:

Higher float to keep ETF buying in Airtel, Coal India buoyed up

Bharti Airtel, Coal India, and AU Small Finance Bank (SFB) are expected to see inflows of upwards of ₹1,000 crore as their weightings are set to rise in popular indices due to an increase in free-float shareholding.

India has 'unexplored' opportunities: Buffett

Billionaire investor Warren Buffett said that the Indian market has \"unexplored\" opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore \"in the future\".

Foxconn reports record sales in April

Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April.

Xilands in Europe, touts ties with Macron

President Xi Jinping lauded China's ties with France as an international model on Sunday as he arrived in Paris for a rare visit against a backdrop of mounting trade disputes with the EU.

Bailey's rate cut plan set to differ from Powell's

The Bank of England may offer a clearer signal in the coming week on whether it plans to cut interest rates this summer, just as investors bet on a delayed outlook for easing.

Tesla pullback puts onus on other firms to build electric vehicle chargers

Elon Musk, the chief executive of Tesla, blindsided competitors, suppliers and his own employees this week by reversing course on his aggressive push to build electric vehicle chargers in the United States, a major priority of the Biden administration.

Modi: Opposition using Muslims as 'pawns'

Prime Minister Narendra Modi on Sunday offered prayers at the Ram temple in Ayodhya and embarked on a road show, accompanied by Uttar Pradesh Chief Minister Yogi Adityanath, across the temple town.