While residential property sales saw a decline in Q3 of 2024, office leasing is going strong in top cities of the country. Anshul Jain, chief executive, India, Southeast Asia and APAC tenant representation, Cushman & Wakefield, shares his outlook for different property segments in an interaction with Raghavendra Kamath. What is the outlook on office
The ministry of coal has terminated the coal block development and production agreement on the Banai- Bhalumunda coal block with JSW Steel due to non-payment of performance security, the termination order available on the ministry’s website showed. As a result, the Rs 100-crore bid security submitted by the Sajjan Jindal-led steelmaker stands forfeited as damages
Warren Buffett is widely regarded as one of the most successful investors of the 20th century. Over the years, Buffett, now 94, has shared a wealth of knowledge about the principles that have guided his remarkable success. So, how did he achieve such impressive results and become one of the richest people in the world?
EICMA 2024 turned out to be a global exhibition of some of the best upcoming two wheelers in the global market. Manufacturers from all over the world showcased some exciting products including production-ready as well as concept models. Ducati is one of the prominent names in EICMA and this year it had a wide range
In recent years, the luxury residential market in Delhi-NCR, especially in regions such as Gurugram, has undergone a significant transformation, largely due to improved amenities and infrastructure advancements. During the first half of 2024, Delhi-NCR accounted for an impressive 64% of luxury residential launches among the seven largest cities in India. According to an IPC
Following a tepid start, food-tech unicorn Swiggy’s Rs 11,327-crore initial public offer got fully subscribed on the final day of the share sale on Friday and ended with 3.59 times subscription, largely thanks to qualified institutional buyers (QIBs). It received bids for 575.3 million equity shares against 160 million shares on offer, according to NSE
Markets ended a busy week with losses as foreign portfolio investors (FPIs) continued to pull out money from Indian equities. Nifty and Sensex fell 0.6% and 0.3%, respectively, during the week. With this, key indices have posted negative returns in five of the last six weeks. FPIs have been at the forefront of this selling
In a sign of correction or consolidation in the sector, the BSE PSU Index has declined by 13% from its peak value of 22,814, witnessed at the end of July. During the same period, the benchmark Sensex fell by only 3%. Prior to this correction, PSU stocks experienced a strong rally. Over the one-year period
Infosys is likely to report muted earnings in the quarter ended December due to seasonal challenges. While revenue growth is expected to remain modest on a sequential basis, net profit is likely to see a slight increase. Analysts also anticipate a potential upward revision in the company’s revenue guidance for fiscal 2025. According to average
Fast-food chains in India are expected to feel the pressure of an ongoing economic slowdown in Q3FY25, as consumers continue to cut back on discretionary spending, particularly in urban areas, according to analysts. Despite the festive October-December quarter being crucial for quick-service restaurants (QSRs), Bernstein highlights hat high food inflation and low real wage growth
Wonderchef, the kitchen appliance brand backed by celebrity chef Sanjeev Kapoor, has turned profitable in FY24, reporting a net profit of Rs 1.5 crore, according to data from the Registrar of Companies (RoC). It was against a total loss of Rs 51.8 crore in FY23. Ravi Saxena, managing director of Wonderchef, told FE that the
Domestic debt fund managers have increased their exposure to state development loans (SDLs), as they fetch them higher yields compared with central government bonds and corporate bonds, said debt fund managers. In fact, some are even swapping central government securities with these bonds. SDLs are bonds issued by state governments to fund their fiscal deficit.
BrightNight, a renewable power producer, on Tuesday announced that it has commissioned the first phase of its 115 MW hybrid renewable power project, Optima Maharashtra, in Dharashiv, Southern Maharashtra. This is one of the state’s first co-located wind-solar projects. Spanning around 500 acres, Optima Maharashtra integrates advanced wind and solar technologies, powered by BrightNight’s proprietary
