Tag: thellv

  • Market Valuations Explained: What’s Next for Your Investments?”

    Market Valuations Explained: What’s Next for Your Investments?”

    Sanjeev Prasad, a top expert from Kotak Institutional Equities, believes that the stock market hasn’t really corrected itself, despite recent drops. He notes that many stocks are currently priced fairly high, with not much chance of significant increase. For many companies, their market price is about four times their actual book value, meaning they might be overpriced. Prasad explains that while some shares have gone down in price, the overall market is still making things complicated due to companies with unclear values, especially in sectors like consumer goods, cars, and construction.

    Some industries, like hotels, are doing well, while others are struggling. For example, hospitality companies are seeing strong occupancy rates, but sales in food delivery services and quick shopping are also growing. However, he is cautious about certain industries, like cement and chemicals, stating that their high prices don’t match their actual earnings.

    He also thinks that even though the Indian economy is growing, many companies are making too much profit, and this could lead to lower profits in the future due to more competition and changing market dynamics. While government spending is expected to increase in the future, it might not be enough to significantly change how prices behave due to the high valuations that many companies hold. People in the market are likely reacting to news without focusing on real value or earnings.

  • Delhi’s Pollution Challenge: CNG Solutions and Supreme Court Actions

    Delhi’s Pollution Challenge: CNG Solutions and Supreme Court Actions

    As Delhi faces serious air pollution issues, Transport Minister Nitin Gadkari has suggested a big change to help improve the situation: switching completely to CNG-powered vehicles. He believes using cleaner options like biofuels and electric vehicles is important for a greener future and making India self-sufficient.

    Recently, Delhi was covered in thick smog, and the air quality was reported as ‘poor.’ According to data from the Central Pollution Control Board (CPCB), the air quality index (AQI) was at 274 this morning.

    Pictures from places like Akshardham Temple and ITO show the smog affecting visibility. At 8 am, the AQI readings in various locations revealed serious pollution. For example, Anand Vihar had an AQI of 294, ITO was at 235, IGI Airport (T3) was at 256, and places like Chandni Chowk and Jawaharlal Nehru Stadium both had AQIs of 250. Any AQI over 200 is considered poor.

    Earlier today, the Supreme Court rejected a request to relax strict measures aimed at fighting pollution in Delhi and plans to discuss this further in the next hearing. A bench of justices noted that none of the surrounding states—Delhi, Rajasthan, Haryana, and Uttar Pradesh—followed orders to pay compensation to construction workers. They will also call the Chief Secretaries of these states to join the next virtual meeting.

    The Supreme Court made it clear that any easing of rules will only happen if air quality starts improving. They will address this topic on Thursday. The court was not impressed with suggestions to relax pollution measures, stating that the AQI is still unstable.

    The SC has instructed the Commission on Air Quality Management (CAQM) to better communicate what needs to be done to combat pollution, and they emphasized the need for coordination among different agencies like the MCD, Delhi Police, and other environmental groups. The SC also ordered that court commissioners be provided proper protection while carrying out their duties

  • Rajya Sabha Functions Again: Key Issues Raised in Session

    Rajya Sabha Functions Again: Key Issues Raised in Session

    New Delhi:After several days of confusion, the Rajya Sabha, which is a part of India’s Parliament, started working normally again on Tuesday. Members of the House began discussing important public issues. They started with the Zero Hour, a time set aside for urgent issues, followed by the Question Hour where questions can be asked.

    Since the beginning of the Winter Session on November 25, the Rajya Sabha had not let any business happen because opposition members kept raising strong objections about various topics. These topics included serious claims of corruption against the Adani Group and recent violence in Sambhal, Uttar Pradesh.

    On Tuesday, members of the Samajwadi Party (SP) left the House during Zero Hour, and members of the Trinamool Congress (TMC) also walked out shortly. Earlier, Chairman Jagdeep Dhankhar mentioned that he had received 42 requests for adjournment under Rule 267, which is a record in the last 25 years of the Constitution. However, he did not approve any of these requests.

    Dhankhar also pointed out that one member had submitted more than one request under Rule 267 and said it was impossible to consider all of them. He expressed his disappointment that one request was made public before being discussed. This was called a serious issue and he said it would be talked about with leaders of different parties. He urged members to keep to high ethical standards.

    Later, the House moved on to mention important local issues. M Mohamed Abdulla (DMK) and Vaiko (MDMK) discussed the damage caused by Cyclone Fengal in Tamil Nadu. Subhasish Khuntia (BJD) asked for faster work on the new international airport planned for Puri, Odisha. Ram Gopal Yadav (SP) raised concerns about the recent violence in Sambhal. Congress member Pramod Tiwari also spoke about the same issue.

  • Devastating Floods in Tamil Nadu: Prime Minister Promises Relief Support

    Devastating Floods in Tamil Nadu: Prime Minister Promises Relief Support

    Many areas in Tamil Nadu were hit hard by heavy rains, causing flooding, damaged roads, and a lack of basic supplies. In Villupuram district, people in Arasur ran out of essential items and protested for help. Prime Minister Narendra Modi called Chief Minister M.K. Stalin to ask about the situation and promised support from the central government.

    Cyclone Fengal caused serious damage across 14 districts, ruining roads and electricity lines and causing major flooding. This storm led to the loss of 12 lives and destroyed countless homes, huts, and livestock. It also harmed local crops and irrigation systems.

    In Arasur, 18 people who had to take shelter in a damaged temple were rescued. Similarly, the National Disaster Response Force (NDRF) helped evacuate people and animals in Cuddalore district. A sad incident in Thiruvannamalai district resulted in the death of seven people, including five children, when a boulder crushed their house after rolling down from Annamalaiyar Hill due to mudslides. Their bodies were found after a long rescue operation.

    State Minister E.V. Velu visited the rescue sites and noted that the area had never experienced mudslides before, despite heavy rains since 1965. Schools in the Nilgiris, Ranipet, Salem, and Thiruvannamalai districts remained closed because of the situation. Chief Minister Stalin met with officials to discuss the damage and promised to speed up relief efforts.

  • Boosting India’s Economy Through Sports: Insights from a New Report

    Boosting India’s Economy Through Sports: Insights from a New Report

    The government should find ways to use sports to help the economy grow, according to a new report. This report, called the “Future of Sports in India,” suggests that the government should create policies that encourage more investment in sports facilities, events, and related products.

    It also recommends that the government offer incentives to companies to support sports programs as part of their Corporate Social Responsibility (CSR) efforts. This CSR funding could help set up high-performance training centers, equipped with experienced coaches, nutritionists, and both mental and physical trainers.

    The report states that the government should create policies to support training programs for coaches, sports managers, and jobs related to sports, especially in smaller towns and rural regions. Although the sports industry in India has made great progress, there are still some challenges, like financial struggles for athletes, unused facilities, and a need for more inclusivity. Solutions could include expanding financial aid, creating better career transition paths for athletes, and promoting an inclusive culture.

    Furthermore, the report highlights the importance of bidding for and hosting international sporting events and diversifying sports options across different states to also boost sports tourism. It notes that the Indian sports industry is growing rapidly and is expected to expand from $27 billion in 2020 to $100 billion by 2027. This growth is driven by the popularity of sports leagues, advancements in technology, and increasing interest in various sports. Areas like sports gear, clothing, and media rights are particularly contributing to this rise, with the sports media market projected to jump from $1 billion in 2020 to $13.4 billion by 2027. Finally, exciting performances by Indian athletes at the 2023 Asian Games and the upcoming 2024 Paris Olympics show that India is becoming more competitive in the world of sports.

  • Ongoing Protests in Lok Sabha Over Violence: Opposition Walks Out

    Ongoing Protests in Lok Sabha Over Violence: Opposition Walks Out

    New Delhi: Almost all the opposition members in the Lok Sabha, including Rahul Gandhi, walked out of the House on Tuesday to protest the recent violence in Sambhal, Uttar Pradesh.

    The commotion started when Samajwadi Party (SP) leader Akhilesh Yadav asked the Speaker, Om Birla, for permission to discuss a very serious issue—the deaths of five people in the violence. But the Speaker told him that the matter could be raised during the Zero Hour, which led Yadav and his colleagues to walk out in protest.

    While SP members shouted slogans, DMK member A. Raja encouraged other opposition members, including Congress members, to join the protest. Some members of the NCP and Shiv Sena-UBT also stood up to support the SP. Rahul Gandhi then joined the protest on the floor.

    While the protest was ongoing, Parliamentary Affairs Minister Kiren Rijiju spoke with Yadav about the issue. After some time, Yadav signaled to his party’s MPs to leave and the opposition members, including Gandhi, walked out together. They later returned to take part in the Question Hour.

  • Supreme Court Delays Death Sentence in Shocking Jharkhand Rape-Murder Case

    Supreme Court Delays Death Sentence in Shocking Jharkhand Rape-Murder Case

    New Delhi: The Supreme Court has temporarily stopped the death sentence of a 30-year-old man named Rahul Kumar, who was found guilty of raping and killing a 19-year-old engineering student in Ranchi, Jharkhand. A group of judges, Justices Surya Kant, Pankaj Mithal, and Ujjal Bhuyan, have requested the trial and high court documents in their translated form. This means that the death penalty is on hold for now.

    On September 9, the Jharkhand High Court confirmed the death sentence handed down to Kumar by a lower court. The horrifying crime happened on December 15, 2016. Three years later, in December 2019, Kumar was sentenced to death.

    The High Court described the case as extremely shocking, saying that a promising young woman’s life was taken in a terrible way. The court shared details from the autopsy report, which provides evidence of the brutal act. Kumar had planned the crime, bringing tools like an electric wire to strangle the victim and lubricant oil to set her body on fire afterward.

    The judge noted that the strangulation was so severe that the wires embedded into her neck. After committing the crime, Kumar fled the scene. The High Court criticized him, saying that the crime was not a sudden act but something that was carefully planned.

  • India’s GST Hike: Fizzy Drinks to Face 35% Tax Increase!

    India’s GST Hike: Fizzy Drinks to Face 35% Tax Increase!

    On Monday, a group in charge of deciding taxes in India agreed to raise the tax on fizzy drinks to 35% from 28%. This change is aimed at making unhealthy items that are often linked to health problems, like cigarettes and tobacco, more expensive. The final choice about these new taxes will be made by a meeting of top government officials on December 21.

    Right now, India has four tax levels: 5%, 12%, 18%, and 28%. The new 35% rate will be added for these unhealthy items. Currently, items that are considered necessary, like food, either have no tax or a very low tax, while luxury items, like cars and washing machines, have higher taxes. The proposal would also mean a special rate of 35% on tobacco products and fizzy drinks.

    The news about higher taxes caused the shares of Varun Beverages, a major partner with PepsiCo in India, to fall by over 5%. Most of their money comes from selling fizzy drinks, which have been struggling because of the high taxes. Despite this, their shares have shown some growth over the last month and six months.

    A report showed that the high taxes in India make it hard for carbonated drinks to grow and reach their full business potential. Comparisons by the World Bank reveal that India has one of the highest total tax rates on sugary drinks, standing at 40% in 2023

  • Indian Oil Corp Stock Rises 1.01% Amidst Sensex Fluctuations

    Indian Oil Corp Stock Rises 1.01% Amidst Sensex Fluctuations

    Indian Oil Corporation Limited (IOC) has recently shown a slight increase in its stock price, rising by 1.01%. This change happened while the Sensex, which is a big stock market index in India, experienced ups and downs. The Sensex is important because it reflects how well the stock market is doing overall. Investors keep a close eye on IOC because it plays a crucial role in the energy sector, helping to supply fuel to millions. If you are interested in investing or just want to keep track of market trends, watching IOC could be a good idea

  • Madhu Mullassery Exits CPIM: Will He Join BJP Next?

    Madhu Mullassery Exits CPIM: Will He Join BJP Next?

    Madhu Mullassery, a well-known leader from the CPIM party, has decided to leave after many years. He has played an important role in the party and was once a member of the state committee. Mullassery’s exit has surprised many people since he has been a loyal member for a long time.

    Rumors suggest that he might be joining the BJP, another political party in India. If he does switch parties, it could bring big changes to local politics. People are watching closely to see where he will go next and what that means for his supporters.

    The CPIM party is going through some changes, and Mullassery’s departure raises questions about its future. Many people are curious about how this will affect local political dynamics and which direction the party will take now.