Franklin Templeton India re-entered the debt space with its ultra-short duration fund recently after it abruptly decided to shut down six schemes in March 2020. Rahul Goswami, CIO & MD, India Fixed Income tells FE that while the flows into the fixed income space has been muted, he expects things to improve. Excerpts: What will
The demand for tech talent (excluding freshers) from GCCs (Global Capability Centres) continued to outpace that of IT companies in the second quarter of FY25, as clients’ discretionary spending showed a slower recovery. According to industry data from TeamLease Digital, GCCs accounted for 52.6% of job openings for tech profiles in the September quarter, maintaining
Unity Small Finance Bank, backed by BharatPe and Centrum Financial Services, will consider listing in two-three years, a senior official said. “According to Reserve Bank of India (RBI) guidelines, a bank must be in existence for five years (before listing). We are completing third year of operations, and I think we will actively explore this
Bajaj has officially launched the Pulsar N125 in the market. The latest entrant in the Pulsar range is available in two variants: LED Disc and LED Disc with Bluetooth which are priced at Rs 94,707 and Rs 98,707 (both ex-showroom), respectively. It is the third 125cc Pulsar in the Bajaj lineup after the classic Pulsar
Tata Consumer’s MD & CEO Sunil D’Souza believes that food inflation is putting pressure on urban spending, which is taking a toll on out-of-home consumption. In a conversation with FE, D’Souza throws light on the company’s strategy in the wake of inflationary concerns and whether volume growth will continue be weak. He also indicates how
Shares of some Tata Group companies, especially Tata Chemicals, gained on Monday as speculation over the listing of Tata Sons drove hopes of value unlocking for investors. Tata Chemicals, which holds a 3% stake in Tata Sons, was one of the biggest gainers as it rose over 9%. It could be the biggest beneficiary of
Jeep India has launched the facelift version of the Meridian starting from Rs 24.99 lakh, ex-showroom. Jeep has slashed the price of the 2025 Meridian by over Rs 6 lakh. It is available in four variants and comes in two versions — 5 and 7-seater. This is the first time the Meridian is available as
Tyres. There are a plethora of choices for motorcycle tyres, however, in India, the choices are limited due to the government’s mandate for BIS certification. With limited choices, a new brand is always welcome and this time around, it’s from Reise Moto, in the form of the traceRAD. Aimed at sub-500cc motorcycles, the traceRAD promises
Gold has emerged as one of the top performers among asset classes this year as prices have hit an-all time high of `83,700 per 10 gram. The uncertainty in the equities market and demand for safe-haven assets have pushed up prices of the metal. Experts suggest individuals buy gold on dips as the metal has
Consumer goods major Marico on Friday reported a 4.2% year-on-year (y-o-y) increase in consolidated net profit to Rs 399 crore for the October-December quarter (Q3FY25), while revenue grew 15.4% y-o-y to Rs 2,794 crore, aligning with Street estimates. Bloomberg consensus estimates had projected net profit at Rs 402 crore and revenue at Rs 2,744 crore
Soda ash manufacturer Gujarat Heavy Chemicals Limited (GHCL) on Friday reported a 69% growth in consolidated net profits at Rs 168 crore for Q3 FY25, compared to Rs 100 crore in the corresponding period last year. Its revenue in Q3 dropped 1% to Rs 807 crore from the year-ago period’s Rs 813 crore. The company’s
By Chirag Nangia I trade in securities and also maintain books of accounts. Will the profit be a business income or capital gain? —R L SarojAlso Read IOB profit climbs 21% on strong growth in interest income ICICI Lombard Q3 net profit surges 68% to ₹724 crore HDFC AMC shares jump 5%. Here are 4
India’s Oil and Natural Gas Corp (ONGC) reported a third-quarter profit miss on Friday, as buoyant fuel demand failed to cushion the explorer from lower crude realisations.The state-owned firm’s standalone profit fell 17% to 82.40 billion rupees ($952 million) in the October-December period, and came far below analysts’ average expectation of 179.31 billion rupees. Standalone
