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- India requires stringent steps to ensure maximising the efficiency of its existing coal-fired power plants to achieve nationally determined contributions under the landmark 2015 Paris Climate Change Agreement, a report said on Thursday.
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- âAurobindo Pharma is looking at extending sales & reach with US acquisition.â
- Section 377 makes even consensual sexual acts -- both homosexual and heterosexual â" a crime if they are against the order of nature.Those in favour of diluting the law to decriminalise all consensual sexual behaviour have argued that majoritarian morality must make way for constitutional morality which makes it mandatory for the state to provide equality to all.No one can be discriminated against only on the grounds of their sexual orientation and called for constitutional protection to even sexual minorities.Those against diluting Section 377, sundry religious outfits and individuals, have cited morality, religion and cultural ethos of India had urged the court to retain the law on the statute book.The government on its part left the issue to the court, but insisted it cannot go beyond debating criminality, to examine other civil rights for the community such as the right to marry, adopt etc.Several leading lights of the small but significant LGBT community had challenged the very existence of the law on the statute book. A review of the top courtâs 2013 judgement is still pending.
- India Infoline, tells ET Now. Bhasin expects huge upside in Bharat Forge and L&T.Edited excerpts: If I rewind and take the clock back to 2015 or 2016, BEL was the go-to stock. The new guidelines, while they are not draconian, will clearly cap the upside for the defence business per se. This is a very negative development. A new notification talks about reducing margins (at PBT level) from 12.5% to 7.5% for projects given to all defence PSUs (DPSUs) on a nomination basis. This is draconian. I would also take it a point further. When oil was falling to $40, you were cushioning the excise duty and when it is rising, it is adding to the current account deficit. You cannot have it both ways. You cannot eat your cake and have it too. This a very negative mood. Give the freedom to PSUs. On one hand, you are giving PSU banks a new lease of life and on the other, you are coming out with such measures. I still think defence is a very lucrative business. If I had to keep putting my money, it would be Bharat Forge and L&T where I expect a huge upside in the coming years. However, 500bps impact is way too large and in the short term, the BEL development has been very big dampener on the sentiment.The big-bang acquisition by Aurobindo Pharma will bring it closer to Sun Pharma. Aurobindo Pharma has a turnover of $2 billion and they have acquired a company worth a billion dollar plus turnover. Are they trying to bite much more they can chew or have they been smart and are buying a generic portfolio when prices are low? Aurobindo has been one of the standout performers. It has a huge share in the injectable markets, results were better than expected and now it has come out of a hiatus and at this time, to buy some of the generics companies would be the best decision because things are going to only look better into 2019 and beyond. We think generic pricing is going to be back. FDA clearances are across the board and new portfolio launches are going to be extremely well received. Local market is doing extremely well for Aurobindo and this fits into their bill. The market may take it a bit negatively because of the over-leverage but for us it has been Sun, Aurobindo, Lupin, Dr Reddyâs and Biocon. This basket should be the outperformer as a proxy to a weak rupee and to better generic pricing in 2019. We are extremely bullish on pharma.Has Tata Motors changed the orbit permanently? Do you think rather than being an underperformer, the stock has scope to be an outperformer and on a one-three-year basis, it could beat Maruti and Nifty? Correct. You have hit the nail on the head. There are three things going for Tata Motors. The CV cycle has turned locally which is giving a lot of strength. The Slovakia unit goes on stream in Europe and some of the China excise duty issues are being sorted out. Plus, the big positive is that Tesla is now going to be facing EV competition from the likes of Toyota and JLR and JLR is going to be the second largest player in the US, except for the tariff rhetoric from President Trump. But, it is inevitable and that will be the game changer. We have had a recommendation, the stock has underperformed but at these level, if I hear from the likes of Ashok Leyland which is saying that in the MCV market they are losing market share to Tata Motors, I will be extremely bullish and if you have a three-year view, then this stock is going to give you stellar returns. By end of this year, you could be looking for targets closer to Rs 325.
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- Copyright:(C)Thu 06 Sep 2018, 12:29:022018Thu 06 Sep 2018, 12:29:02 Bennett Coleman & Co. Ltd, http://info.indiatimes.com/terms/tou.html
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- Copyright:(C)Thu 06 Sep 2018, 12:27:532018Thu 06 Sep 2018, 12:27:53 Bennett Coleman & Co. Ltd, http://info.indiatimes.com/terms/tou.html
- The Supreme Court on Thursday restored a landmark Delhi High Court judgement which had decriminalised homosexuality in a move that was immediately hailed by the minority LGBT community.A five-judge bench led by CJI Dipak Misra read down Section 377 of the Indian Penal Code, to exclude all kinds of adult consensual sexual behaviour. The law will still stand on the statute book to deal with unnatural sexual offences against minors and animals such as sodomy and bestiality.The dreaded section not only made any kind of homosexual behaviour but also other kinds of âunnaturalâ sex such as oral and anal sex etc a criminal offence.A.M. Khanwilkar, R.F. Nariman, D.Y. Chandrachud and Indu Malhotra, were the other benches on the bench. The judgement was unanimous.The bench, however, stopped short of striking down the law. It also refrained from making a positive declaration of the communityâs right to life and dignity which includes the right to make a choice of sexual preference.The Delhi High Court had in 2009 taken this view, but a bench of the top court had controversially undone the ruling saying changing mores were best left to Parliament to deal with.
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