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Bihar Politics: बिहार चुनाव से पहले बढ़ी PK की ताकत, जसुपा में शामिल हुए पूर्व केंद्रीय मंत्री RCP सिंह

Dainik Jagran - May 18, 2025 - 11:54am

पीटीआई, पटना। बिहार में इस साल होने वाले विधानसभा चुनाव से पहले नेताओं का पार्टी बदलने की सिलसिला शुरू हो गया है। इसी क्रम में को पूर्व केंद्रीय मंत्री आरसीपी सिंह जन सुराज पार्टी (जसुपा) का दामन थाम लिया है। आरसीपी सिंह के जसुपा में शामिल होने के साथ ही उनकी पार्टी आप सबकी आवाज (आसा) का भी जसुपा में विलय हो जाएगा।

भारतीय प्रशासनिक सेवा के अधिकारी रहे RCP सिंह

पूर्व केंद्रीय मंत्री RCP सिंह राजनीति में आने से पहले भारतीय प्रशासनिक सेवा के अधिकारी रहे चुके हैं। वे 1984 बैच के उत्तर प्रदेश कैडर के IAS अधिकारी थे। उन्होंने भारतीय राजस्व सेवा (IRS) के रूप में अपने करियर की शुरुआत की और फिर IAS में चयनित हुए।

पीके के विचारों से प्रभावित होकर जसुपा में शामिल हुए

पूर्व केंद्रीय मंत्री RCP सिंह जन सुराज पार्टी के विचारों से प्रभावित होकर पार्टी की सदस्यता ग्रहण की। उनके साथ ही उनके कई समर्थक भी जसुपा में शामिल हो गए। RCP सिंह के राजनीतिक अनुभव से पीके की पार्टी को आगामी चुनाव में मजबूती मिलेगी।

सात महीने पहले किया पार्टी का गठन

आरसीपी सिंह ने सात माह पहले आप सबकी आवाज (आसा) का गठन किया था। इस दौरान उन्होंने दावा किया था कि बिहार कि 140 विधानसभा सीटों पर उनके मजबूत प्रत्याशी हैं। उनकी पार्टी इन सीटों पर चुनाव लड़ेगी। पार्टी के गठन के महज 7 महीने बाद ही अब आरसीपी सिंह ने जसुपा का दामन थाम लिया है।

Categories: Bihar News

Indian cosmetics brand Colorbar eyes IPO in early 2027

Business News - May 18, 2025 - 11:49am
India's Colorbar Cosmetics is planning to go public in early 2027, after doubling its revenue this financial year by upgrading its designs, launching new products and opening more stores, the makeup and skincare brand's top boss told Reuters. Brands catering to wealthier Indians have weathered a high cost-of-living-led slowdown in consumer spending, as the affluent continue to splurge on comforts and luxuries. Colorbar expects to double revenue to over 10 billion rupees ($117 million) in the financial year starting April 1, including by introducing new packaging and store upgrades, its founder and managing director Samir Modi said. Modi said Colorbar, valued at 25 billion to 35 billion rupees, would go public in early 2027 and use the proceeds to strengthen its skincare and fragrance lines and pursue acquisitions, including overseas brands. Stocks of beauty brands including Nykaa and Honasa Consumer have taken a beating since listing as brokerages have raised concerns about profit margins due to heightened competition. Colorbar, which roughly broke even last year, faces competition too, not just from privately owned Indian brands including Sugar Cosmetics and MyGlamm but also from global majors such as Estee Lauder's Bobbi Brown and MAC. Founded two decades ago, Colorbar sells a variety of beauty products, including makeup essentials like lipsticks and foundations as well as skin care items such as serums and moisturizers. Colorbar, which has more than 100 outlets and sells through over 1,200 multi-brand stores including Shoppers Stop and Lifestyle, also plans to open 15-20 stores this financial year. Modi also said Colorbar, which brings in the bulk of its revenue from India, expects up to a quarter of its revenue from exports in the next five years by expanding in the United States and the Middle East. ($1 = 85.4900 Indian rupees)
Categories: Business News

Sebi simplifies operational process of cash flow disclosure in corp bond database

Business News - May 18, 2025 - 11:46am
Markets regulator Sebi has simplified the operational process and provided clarity on cash flow disclosure in the corporate bond database after a review of the Request for Quote (RFQ) Platform framework. In its latest circular, the regulator has made yield-to-price calculation on the RFQ platform easier. Now, only the due dates -- and not the actual payment dates -- mentioned in the cash flow schedule will be used for these calculations. This move is aimed at streamlining and simplifying the process of trade execution on the RFQ platform. As part of this simplification, yield-to-price will now be based on scheduled due dates, without applying any adjustments based on day count conventions. At present, yields on debt securities are calculated using more complex methods that consider actual payment dates and required day count adjustments. In addition to simplifying yield calculations, Sebi has introduced a requirement for mandatory cash flow disclosures in the centralised corporate bond database. Under this, issuers will need to provide a detailed cash flow schedule -- covering interest, dividend, or redemption payments -- at the time of ISIN activation and after the securities are listed. To maintain transparency and accuracy, this information is to be regularly updated in the database. Sebi has also mandated that any changes to the cash flow schedule must be updated within one working day. These new regulations will be applicable to all new debt security issues starting August 18, 2025, and also to existing ISINs for their remaining maturity, the Securities and Exchange Board of India (Sebi) said in its circular on Friday. RFQ, which was launched on BSE and NSE in February 2020, is an electronic platform that enables multi-lateral negotiations to take place on a centralised online trading platform with straight-through processing of clearing and settlement to complete the trade. A wide variety of debt securities are available for trading on the RFQ platform.
Categories: Business News

Q4 results this week: ITC, Sun Pharma, IndusInd Bank, IndiGo, BEL among 81 companies set to announce earnings

Business News - May 18, 2025 - 11:41am
India Inc's Q4 FY25 earnings season continues this week, with 81 companies scheduled to release their financial results. Key names to watch include ITC, Sun Pharma, IndusInd Bank, Power Grid Corporation of India, Hindalco, Interglobe Aviation (IndiGo), ONGC, Bharat Electronics, DLF, Dixon Technologies, Solar Industries, United Spirits, Ashok Leyland, Grasim, RVNL, and Honasa Consumer.Here are the key earnings to watch out this week:May 19Acme Solar Holdings, Bharat Electronics, DLF, DOMS Industries, Eris Lifesciences, Gujarat Gas, HEG, IRB Infrastructure Developers, Jupiter Wagons, NLC India, Petronet LNG, Pfizer, PI Industries, Power Grid Corporation Of India, Redington, Sun Pharma Advanced Research Company, The New India Assurance Company, Zydus Wellness.20th MayAster DM Healthcare, Dixon Technologies (India), EIH, Fortis Healthcare, Gland Pharma, Godawari Power And Ispat, Gujarat State Fertilizers & Chemicals, Hindalco Industries, JK Tyre & Industries, Laxmi Organic Industries, Max Healthcare Institute, NHPC, Solar Industries India, Torrent Pharmaceuticals, United Spirits, Whirlpool Of India, Zydus Lifesciences.Also Read: Street Favourite! SBI, Tata Motors among 10 large-cap stocks analysts expect to rally up to 32%21st MayAstral, Colgate-Palmolive (India), IndusInd Bank, Interglobe Aviation, Ircon International, Mankind Pharma, National Aluminium Company, NTPC Green Energy, Oil & Natural Gas Corporation, Oil India, Power Finance Corporation, Rail Vikas Nigam, Star Cement, Trident, UNO Minda.22nd MayClean Science And Technology, Container Corporation of India, Deepak Fertilisers And Petrochemicals Corporation, Emcure Pharmaceuticals, Grasim Industries, Gujarat State Petronet, HFCL, Honasa Consumer, ITC, Metro Brands, Sun Pharmaceutical Industries, TBO Tek, The Ramco Cements.Also Read: Indian Hotels, Godrej Properties among 10 midcap stocks trading below industry PE, may rally up to 30%23rd MayAfcons Infrastructure, AIA Engineering, Anupam Rasayan India, Ashok Leyland, Balkrishna Industries, BEML, Devyani International, Finolex Industries, GE Vernova T&D India, Glenmark Pharmaceuticals, Gujarat Narmada Valley Fertilizers & Chemicals, JSW Steel, Linde India, Narayana Hrudayalaya, Timken India.24th MayHBL Engineering, JK Cement, Sarda Energy & Minerals.Also Read: 8 Nifty Microcap stocks that can jump 100-230% in the next 12 months(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Categories: Business News

India-UK textiles trade to double under FTA

Business News - May 18, 2025 - 11:27am
India's apparel and home textiles trade with the United Kingdom is poised for significant growth, with volumes expected to double over the next five to six years, driven by the recently concluded Free Trade Agreement (FTA) between the two countries, as per a report by credit rating agency ICRA.The FTA is expected to be operational in calendar year (CY) 2026, subject to legal review."India's apparel and home textiles trade with the UK is expected to double from its current levels in the next 5-6 years, owing to the recently concluded FTA between India and the UK," the report added.The UK and India entered into an FTA on May 6, following approximately three years of negotiations.Under the agreement, India will reduce tariffs on 90 per cent of British goods, with 85 per cent becoming completely duty-free over a period of ten years. In return, Britain has agreed to lower its tariffs on certain products, resulting in 99 per cent of India's exports to the UK facing zero duties.Currently, India-UK trade accounts for approximately 2 per cent of India's total trade, underscoring an underutilised partnership given the size and potential of both economies.India is currently the 12th largest trading partner of the UK and stands in fifth position as far as apparel and home textiles imports are concerned. Apparel and home textiles imported by the UK from India stood at USD 1.4 billion in CY2024, representing a 6.6 per cent share of textiles imported by the UK.Furthermore, the US and the European Union (EU) continue to be the major export markets for Indian apparel and home textiles exporters, accounting for a 61 per cent share in CY2024. While the UK's share had remained stable at 7-8 per cent over the past five years amidst flattish growth, the same is expected to reach 11-12 per cent by CY2027, reflecting an 11 per cent CAGR between CY2024 and CY2027.Currently, an 8-12 per cent duty is levied by the UK on apparel and home textiles imported from India. With tariffs being eliminated on 99 per cent of Indian goods, including textiles, incremental capacities are likely to be added in the next 4-5 years to execute orders.In calendar year 2024, China was the biggest apparel and home textiles exporter to the UK with a 25 per cent share, followed by Bangladesh (22 per cent share), Turkey (8 cent share) and Pakistan (6.8 per cent share). Post-implementation of the FTA, with zero-duty access on apparel and home textiles exported, India would have a level playing field compared to the existing duty-free access nation status like Bangladesh, Vietnam, and Pakistan.
Categories: Business News

FPIs pump Rs 18,620 cr in equities in May on global tailwinds, improving domestic fundamentals

Business News - May 18, 2025 - 11:10am
Foreign investors continue to show confidence in the country's equity market, infusing Rs 18,620 crore so far this month, driven by a combination of global tailwinds and improving domestic fundamentals. This positive momentum follows a net investment of Rs 4,223 crore in April, marking the first inflow in three months, data with the depositories showed. Prior to this, foreign portfolio investors (FPIs) had pulled out Rs 3,973 crore in March, Rs 34,574 crore in February, and a substantial Rs 78,027 crore in January. FPIs are likely to continue their buying interest in India, and therefore, large caps will be resilient, VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said. According to the data from the depositories, foreign portfolio investors made a net investment of Rs 18,620 crore in equities this month (till May 16). The total outflow stood at Rs 93,731 crore in 2025 so far. India's equity markets witnessed a sharp resurgence in FPI activity in April. The sustained buying spree that began in mid-April continued in the current month, reflecting renewed investor confidence. "A key catalyst was the announcement of a ceasefire between India and Pakistan, which eased regional tensions and lifted investor sentiment," Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment, said. The global risk appetite also improved after a 90-day tariff truce between the US and China, prompting foreign investors to reallocate capital toward emerging markets, with India being a key beneficiary, he added. "With the global trade scenario improving after the pause in trade war between the US and China and the end of the India-Pakistan conflict, the investment scenario has improved," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said. On the domestic front, India's strong growth outlook, accommodative monetary policy, and robust corporate earnings expectations supported the FPIs' interest. On the other hand, FPIs withdrew Rs 6,748 crore from the debt general limit and invested Rs 1,193 crore in debt voluntary retention during the period under review. Last week, Sebi released the consultation paper proposing to grant certain waivers/relaxations to FPIs investing in the Indian government bonds through the Voluntary Retention Route (VRR) and Fully Accessible Route (FAR) to provide momentum to the drying bond market. This move comes at a critical time, as foreign investors continue to adopt a cautious outlook towards Indian bond markets, especially after the inclusion of Indian government bonds in the global bond indices, Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India, said.
Categories: Business News

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