Goa has long been a coveted destination for homebuyers, attracting those looking for second homes, vacation retreats, and luxury investments. While opulent villas priced above Rs 5 crore continue to dominate premium locations like Assagao, Anjuna, and Morjim, the state’s real estate market is evolving to accommodate a wider range of buyers.Prospective homeowners can now
Venture debt firm Trifecta Capital has announced the first close of its fourth fund after raising nearly half of the total targeted corpus of Rs 2,000 crore, which includes a greenshoe option of Rs 500 crore. The first close serves as a significant milestone for venture capital and venture debt firms, allowing them to start
Larsen & Toubro Ltd on Thursday reported Q3FY25 profit at Rs 3358.84 crore, recording a growth of 13.96 per cent in comparison to Rs 2947.36 crore during the same quarter of FY24, missing estimates. It posted revenue from operations at Rs 64,667.78 crore, up 17.31 per cent as against Rs 55,127.82 crore during the third
Dabur India Ltd on Thursday posted a profit of Rs 515.82 crore during the fiscal third quarter, reporting a marginal growth of 1.85 per cent in comparison to Rs 506.44 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 3,355.25 crore, reporting a growth of 3.08 per cent as against
In a stern move, market regulator SEBI has slapped a Rs 7 lakh penalty on Motilal Oswal Financial Services Ltd (MOFSL) for multiple violations of stockbroking norms. The infractions range from incorrect margin reporting and misreporting client funds and securities to non-compliance with stockbroker and depository participant regulations. Breaking down the penalties: Rs 1 lakh
The brokerage firm Jefferies maintained a ‘BUY’ rating on Bajaj Finance with a target price of Rs 9,270. The firm expects Bajaj Finance to make a 24% CAGR in profits over FY25-27. “Valuations at 4.4x FY26 PB are attractive for high growth and ROE (20%), hence we retain BAF among top picks with a price
President Donald Trump’s meme coin $Trump has dropped 63 per cent in value in the past 10 days. The coin is down from $14.9 billion as of January 20 to $5.5 billion on Thursday, wiping off around $9.4 billion in market cap, as per data from Coinmarketcap.com. At the time of filing this report, $Trump
Adani Enterprises Ltd (AEL) on Thursday reported a profit of Rs 228.64 crore during the fiscal third quarter, posting a drop of 88.41 per cent in comparison to Rs 1,972.75 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 22,848.42 crore, down 8.79 per cent as against Rs 25,050.23
In a relief to senior citizens, the Insurance Regulatory and Development Authority of India (Irdai) has limited annual premium hikes on health insurance policies sold to them to 10%. In a circular issued on Thursday, the regulator directed all health and general insurers offering indemnity-based health insurance to limit annual premium increases for senior citizens.
Quick commerce unicorn Zepto has rolled out an instant returns and exchange feature on its application. The feature can be used for select categories, including electronics, apparel, toys, sports, and kitchenware, the company said in a social media post on Thursday. In a LinkedIn post, Zepto said: “Now, return/exchange your Zepto orders in just 10
For the first time since entering the space five years ago, Tata Motors’ electric vehicle division recorded a three-month operating profit in the recently concluded December quarter. This profit was independent of the fiscal incentives provided by the government under the production-linked incentive (PLI) scheme during the same period. It is perhaps the first instance
After registering healthy refining and marketing margins in the third quarter of financial year 2024-25, state-owned oil marketing companies stare at a potential decline in their Ebitda and net profit in the next quarter on likely softer gross refining margins, according to analysts. “Overall, gross refining margins are expected to remain soft in FY26 and
Bajaj Finserv on Thursday reported a 3% year-on-year (YoY) rise in its consolidated profit to Rs 2,231 crore for the December quarter, compared with Rs 2,157.67 crore in the year-ago period, primarily driven by the performance of its lending arm Bajaj Finance. Revenues rose 10% to Rs 32,042 crore. Bajaj Finserv is the holding company
