The performance of Devyani International in the second half of FY25 is expected to mirror the first half due to persistent high food inflation and intense competition in the quick-service restaurant (QSR) segment, analysts say. A report by Motilal Oswal Financial Services (MOFSL) highlighted that the company is focused on optimising costs to improve restaurant
The government has issued a formal notification initiating a probe into the dumping of certain alloy and non-alloy steel products into India for imposing safeguard duties. The products singled out for the probe include Hot Rolled (HR) coils, sheets and plates, HR Plate Mill Plates, Cold Rolled coils and sheets, and Metallic Coated Steel coils
Real Estate Investment Trusts (REITs) are the safest way to hold a stake in real estate amid the country’s encouraging growth rate that can make India the world’s largest investment region in the sector in two decades, experts said. Speakers at Money Conclave 2024 in the city noted that investments in real estate required a
Over 15% of India’s high networth individuals (HNIs) are under 30, driven by startup unicorns, IPOs, and tech-driven ventures. This number is expected to rise to 25% by 2030, said a new report. Also ReadPush for domestic solar cells seen to inflate project costs About 20% of the Indian millionaires are under 40, said a
With increasing demand for algo trading, the markets regulator has proposed reviewing the framework to strengthen the checks and balances in the system. While retail investors have been dabbling in algo, not many are aware of the complexities in this trading system dominated by institutional investors. In algo trading, pre-defined computer programs execute multiple trades
With the advent of social media and the race for page views, fake news has become increasingly prevalent. Every day, we come across dozens of social media posts and videos making fake claims to tarnish the image of someone or spreading blatant lies, such as false announcements about government schemes supposedly launched for the benefit
The benchmark indices fell 1.5% on Friday, marking their fifth consecutive day of decline in line with global peers and worst weekly loss since June 2022, as foreign investors shifted to safe-haven dollar assets. The Sensex lost 1,176.46 points or 1.49% to close at 78,041.59, while the NSE Nifty declined 364.20 points or 1.52% to
Tractor maker Carraro India’s IPO has opened. The company aims to raise over Rs 1800 crore and reiterated that it is in India for the longer term. The company highlighted that the demand scenario seems favourable for the tractor markets given improving market dynamics. Most analysts have suggested that the IPO is a subscribe for
From April 1, 2025, all central government employees (except the armed forces) will get the option to choose from two pension schemes — the National Pension System (NPS) and the Unified Pension Scheme (UPS). The NPS, which was launched in January 2004, replaced the Old Pension Scheme (OPS), and covers all departments under the central
Chennai-headquartered Indian Overseas Bank (IOB) has introduced a specialized Ultra HNI Savings Bank (SB) Scheme designed exclusively for high-net-worth individuals (HNIs). This premium banking initiative offers three distinct variants viz. IOB SB PRIME, IOB SB PRIORITY, and IOB SB PRIVILEGE, each packed with unique benefits tailored to meet the financial needs of affluent customers. Key
Stock markets are set to be influenced by global trends, macroeconomic data releases, and developments in US tariffs during a holiday-shortened week, analysts said. Investors will also keep a close watch on foreign investor activity, geopolitical tensions, and their impact on the US dollar and crude oil prices. Ajit Mishra, SVP of Research at Religare
The combined market valuation of seven of the top 10 most valued companies surged by Rs 2,10,254.96 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers. Last week, the BSE Sensex climbed 1,134.48 points or 1.55 per cent, and the NSE Nifty rose 427.8 points or 1.93 per cent.
According to a joint report by NAREDCO and EY, India’s real estate industry is on track to reach a $1-trillion market valuation by 2030, driven by PropTech innovations and government initiatives like the Smart Cities Mission and the Digital India campaign. Technology continues to play a pivotal role in shaping the sector. In 2024, the
