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Gurmeet Chadha, CIO & Managing Partner, Complete Circle Consultants, says despite the fall, Polycab still trades about 30-35 times forward. But Chadha thinks it is a bit of an overreaction. Also, earlier when UltraTech came, the stock corrected and we saw a bit of a recovery. With Adanis entering the fray, there has been another correction. The cable and wire business is very different from the cement industry which saw a similar disruption? Over a period of time, the industry itself is likely to grow with surging power demand, and revival in housing and infra. By the time the new companies would be operational, the market would have grown by another Rs 15,000-20,000 crore from about Rs 1 lakh crore now. So, he does not see much concern in the long run. What is your view on a beaten down sector like the wires and cables segment? What should an investor do if they are invested in this space right now and if they have some of these names like KEI or Havells or Polycab in their portfolio? Is this a move coming in on the back of news flow? It is just the one-time shock that is coming in and in the near future there is room for everybody to win in this space or do you believe that these new entrants could be creating more havoc than the Street is estimating at this point? Gurmeet Chadha: It is a bit of a parallel street drawing of what happened to Asian Paints when Birla came up with the Opus brand.

Trump made the comments at a White House event after signing an order to increase U.S. production of critical minerals. «We're doing very well with regard to Ukraine and Russia. And one of the things we are doing is signing a deal very shortly with respect to rare earths with Ukraine.» Trump referred to his separate discussions this week with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy aimed at ending Russia's war in Ukraine. Those talks, which fell short of Trump's aim to secure a full 30-day ceasefire, resulted in Putin agreeing to stop Russian attacks on energy infrastructure for 30 days and Zelenskyy saying he would also accept such a pause.

Subscribe to enjoy similar stories. InterGlobe Hotels Pvt Ltd is focusing on India’s tier I cities for its Ibis brand as it looks to shed the budget tag and positions itself in the mid-market segment, citing strong demand for quality hotels. The joint venture between InterGlobe Enterprises and Accor Asia Pacific, which has 29 Ibis properties in India, is evaluating opportunities in top locations in city centres for the next phase of growth, according to JB Singh, president and chief executive officer at InterGlobe Hotels.

Fujifilm's GFX100RF marks a significant advancement in medium format photography. Designed for photographers who want detail without bulk, this camera is expected to compete with high-end models such as the Leica Q3. The GFX100RF from Fujifilm is a small fixed-lens camera with medium format capabilities.

Clemson Tigers and No. 12 seed McNeese Cowboys in the first round of the men's 2025 NCAA Tournament on Thursday will be a slightly awkward encounter for Will Wade. The McNeese head coach is eying a victory against Clemson, which was his own alma mater, Fox News reported.

Massive demonstrations took place outside the Assembly by BJP MLAs, who raised slogans and burnt effigy of the Speaker after the opposition MLAs walked out of the assembly. Inside the state assembly, on the last day of the Budget session today, BJP legislators raised slogans, showed black flags and came down in the well to protest. Then raising slogans, they walked out of the assembly, as they flung papers. They demanded that the Speaker should leave his chair. “They know very well how one gets the chair of the Speaker. They are making me famous. The Speaker’s chair can be received democratically and this kind of incidents have never happened before inside the assembly. I have heard that they have created trouble in Baruipur yesterday,” Speaker Biman Bandopadhyay said. “I want follow rules. Like Lok Sabha, I don’t want to pass the bills by keeping the opposition outside. Everyone should participate,” the Speaker said.

Real estate credit fund Nisus Finance’s Real Estate Special Opportunities Fund – 1 (RESO-I) has made an exit from a wholly-owned subsidiary of Shapoorji Pallonji Real Estate (SPRE) with an internal rate of return (IRR) of 18.74%, marking the fund’s maiden exit. RESO-I had invested Rs 105 crore into senior secured rated listed non-convertible debentures (NCDs) issued by Suvita Real Estate, a subsidiary of SPRE, in January 2024. These Debentures were listed in the wholesale debt segment of the Bombay Stock Exchange. The entire NCDs were redeemed by the developer Issuer through internal accruals and capitalization by SPRE.

Canada's Foreign Minister Melanie Joly told reporters in Ottawa on Wednesday that China had executed four Canadian citizens in recent weeks, defying pleas from Ottawa for leniency. «We strongly condemn the executions that did happen against Canadians in China,» Joly said. She said she was unable to discuss details of the case due to privacy requests from the affected families. However, Beijing suggested on Thursday the Canadians had been convicted over narcotics offences, saying "… combating drug crimes is the common responsibility of all countries".

This year, 13-year-old Vaibhav Suryavanshi, will already become the youngest player ever to feature in the cash-rich tournament. Here are the five youngest players participating in the IPL 2025.

Strikes hit Sanaa, Yemen's rebel-held capital, as well as their stronghold of Saada in the country's northwest on Wednesday night, the Houthi's al-Maisrah satellite news channel reported. It aired footage showing firefighters battling a blaze in Sanaa and damaged at what it described as a sheep farm in al-Jawf. It also said strikes happened overnight Tuesday, though the U.S. military has not offered a breakdown of places targeted since the airstrikes campaign began. The first strikes this weekend killed at least 53 people, including children, and wounded others. As the strikes hit, Trump wrote on his Truth Social website that «tremendous damage has been inflicted upon the Houthi barbarians.» «Watch how it will get progressively worse — It's not even a fair fight, and never will be,» Trump added. «They will be completely annihilated!»

Thyrocare founder, whose net worth is estimated to be over Rs 5,000 crore, shared the news of a Bengaluru-based engineer, who was earning over Rs 1.5 lakh per month, but was struggling to pay bills and sustain his daily. Sharing the news, the business tycoon wrote, “If not frugal, life will be highly fragile. Success is not how much you earn. It is how little you need.”

Delhi High Court has held. The high court said qualified wives, having an earning capacity but desirous of remaining idle, should not set up a claim for interim maintenance. «Section 125 (order for maintenance of wives, children and parents) of the CrPC carries the legislative intent to maintain equality among the spouses, provide protection to the wives, children and parents, and not promote idleness» Justice Chandra Dhari Singh said in an order on Wednesday. The court passed the order while dismissing a woman's plea challenging a trial court's order denying her interim maintenance from her estranged husband. The court, however, encouraged the woman to actively look for a job to become self-sufficient as she already got wide exposure and is aware of the worldly affairs unlike other women who are not educated and completely dependent upon their spouses for basic sustenance. The couple got married in December 2019 and left for Singapore. It was alleged by the woman that owing to the cruelties done to her by her husband and his family, she returned to India in February 2021.

old tax regime for FY25 must submit tax-saving proofs to ensure that less tax (due to the tax savings) is deducted from his/her salary and to avoid the hassle of claiming a refund while filing the year's income tax return (ITR). If eligible, one can claim various tax exemptions and deductions under the old tax regime while filing ITR as well; these include HRA exemption, Section 80C, and other deductions. However, many people are unaware that the exemption claimed for leave travel allowance (LTA) in ITR can face detailed scrutiny/questioning by the income tax authorities if the exemption is not claimed through an employer.

«I am kind of glad that the correction happened. It was a little violent compared to what the market would have expected, but sanity seems to be coming back to some extent,» says Gautam Trivedi, Nepean Capital. Are the markers looking up? It has been a good rebound I would say for the last three days but do not know how long it is going to last. Gautam Trivedi: I still believe that we have seen a huge correction in the market and it was long overdue, people had been forecasting that for 6 to 12 months, and finally when it did happen, it did set up some degree of panic in the market. So, we are in a cyclical slowdown, not a structural one and people are relooking at earnings estimates that mean some downgrades have to come in and there are clearly a few sectors which QSR for example, building materials for example, a lot of these sectors are still struggling with overall sales growth.

Subscribe to enjoy similar stories. Nvidia announced its plans to construct a quantum computing research center on Tuesday, with the chip maker pledging to solve some of the field’s “most challenging problems" by coupling quantum hardware with supercomputers. The Nvidia Accelerated Quantum Research Center, or NVAQC, will pave the way for “accelerated quantum supercomputing," the company said.

Rajiv Gandhi International Stadium in Hyderabad on March 23. The franchise has released tickets for the first two matches against Rajasthan Royals and Lucknow Super Giants, which will be played on March 27. Tickets for matches played at Hyderabad are available on District app and website. The price of the tickets range from Rs 2,750 to Rs 30,000.

Authentic Brands Group (Authentic), a global brand development and licensing platform, said it has partnered Brand Concepts Ltd., to launch Juicy Couture bags and accessories in India. Juicy Couture, a brand known for its trendy fashion, bold use of colors and glamorous aesthetic appeals to a young, fashion-conscious audience, it said. “We are delighted to have been granted the license for Juicy Couture's Handbags and lifestyle accessories in India," said Abhinav Kumar, cofounder and CEO of Brand Concepts Ltd. «Our expertise in curating and delivering premium fashion accessories aligns seamlessly with Juicy Couture's reputation for style. The Indian demographic, with its growing aspiration for high-quality and iconic brands, makes this partnership particularly exciting. We are honoured to be Authentic’s trusted partner in bringing this distinguished brand to a market that values both elegance and opulence. We are confident this partnership will resonate deeply with the discerning Indian consumer.”

Subscribe to enjoy similar stories. Fed officials essentially project stagflation this year, with both lower growth and higher inflation. Federal Reserve officials didn’t alter interest rates this week, and investors shouldn’t get too comfortable with their projections for two rate cuts later this year.

Rakshit Ranjan, Portfolio Manager, Marcellus Investment Managers, says in the last 8 to 10 months, they have started taking more rural exposure given that area of the economy is likely to do better. Marcellus has increased exposure to healthcare through hospitals and diagnostics. They have also increased exposure to industries where large unorganised to organised potential exists along with company-specific strengths. Finally, a high exposure to exports of products and services based on IP, is where they have increased exposure. Marcellus has also retained high quality financials, including lenders and insurers in the broader portfolio. In the last three sessions, we are seeing some good moves, good recovery coming in the market. On Wednesday, we broke above the 22,900 levels. Are we fairly priced now? The valuations are getting better as far as India is concerned. We are now trading approximately at 18.5x which is now less than the 10-year average. We are now below the 5-year historical average also. Are we really priced to perfection now? Do you see the green shoots coming back? Rakshit Ranjan: Certainly.

Subscribe to enjoy similar stories. Fevicol-maker Pidilite Industries Ltd has held up relatively well amid the recent market downturn. While the benchmark Nifty50 index has dropped 3% so far in 2025, Pidilite’s stock has slipped by 6%, cushioned by the company’s ability to sustain healthy volume growth despite a challenging demand environment.