Avenue Supermarts, owner of retail chain DMart, on Thursday reported a 17.5% rise in its standalone revenue at Rs 15,565.23 crore in the quarter that ended on December 31. It had reported a revenue of Rs 13,247.33 crore during the same quarter in 2023-24. Also ReadQ3 Update: Hindustan Zinc’s mined metal production stands at 265kt
India is likely to add 30 gigawatt (GW) of renewable energy capacity over FY25 to FY26 backed by continued policy support, availability of liquidity and established growth plans of some large corporate players, reduced equipment prices, and waiver of interstate transmission system charges, analysts say. “The power supply situation is expected to improve with the
Co-working player Smartworks has leased 480,000 sq ft in a DLF property in Gurgaon at an annual rent of Rs 94.68 crore for six years. The space is located in DLF Commercial Building Block -3 in DLF City-Phase 5, Gurgaon, according to data accessed by Propstack. Also ReadQ3 Update: Hindustan Zinc’s mined metal production stands
By Krishna Barot The Gujarat government’s bid to establish itself as a semiconductor hub may have succeeded in attracting big-ticket investments but have thus far found few takers amongst the MSME sector. Industry insiders attribute this lack of enthusiasm amongst MSMEs to the stiff conditions set by the government which are proving to be a deterrent
Ketan Parekh, who was debarred by the Securities and Exchange Board of India (SEBI) two decades back after his conviction in the infamous stock market scam 2000, is back in the market regulator’s bad books. On Thursday, in an interim order, SEBI debarred Parekh, Singapore-based Rohit Salgaonkar and 20 other entities, besides impounding Rs 65.77
At a time when market experts have been advising investors to prune returns’ expectations from 2025, the benchmark indices’ 2.3% surge in the first two days has raised hopes that the stock market may deliver strong returns this calendar year. Market experts, however, aren’t impressed, pointing out that the fundamental concerns of expensive valuations, earnings
The Indian stock market has been going through tough times, but the good news is that retail investors have continued to invest in systematic investment plans (SIPs), says Radhika Gupta, MD & CEO of Edelweiss Asset Management Company. Gupta tells Akshata Gorde that the SIP book, currently at Rs 25,000 crore a month, will rise
The Petroleum and Natural Gas Board (PNGRB) has called out Petronet LNG for “profiting at the expense of gas consumers”, a move that sent the company’s stock plunging 8.5% in intra-day trade on the BSE on Thursday. The shares later closed at Rs 323.2, down 6.95%. Also ReadITC Share demerger: When will you get the
Department store chain Shoppers Stop on Wednesday said that it was at the end of its store closure cycle that had been initiated over the last few months to improve profitability. In an earnings’ call on Wednesday, which came a day after it reported a 41% rise in Q3FY25 net profit and 11% rise in
Infosys, in partnership with Tennis Australia, has unveiled new AI-driven innovations and platforms for the 2025 Australian Open (AO), marking a continuation of their seven-year collaboration. These advancements aim to enhance fan experiences and provide support to players and coaches through cutting-edge AI technology. Also ReadSwiggy, Zomato may scale back discounts The innovations are powered
Publicis Groupe has said it was merging group agencies Publicis Worldwide and Leo Burnett to form one unified entity, Leo. “Leo is designed to deliver solutions for the world today, by uniting Leo Burnett, the brand of Humankind, and Publicis Worldwide, the network that stands for transformation,” the group said in a prepared statement. It
Aditya Birla Fashion and Retail (ABFRL) on Wednesday said its board had approved raising $500 million (Rs 4,300 crore) through a preferential issue and qualified institutional placement (QIP) of equity shares. The fundraising comes ahead of a proposed vertical demerger of ABFRL by the end of this financial year (FY25). Also ReadHere are 4 things
HDFC Life Insurance on Wednesday reported a 15% year-on-year rise in its standalone net profit for the third quarter at ₹414.94 crore. On a sequential basis, the net profit of the private life insurer was down from ₹432.99 crore in the July-September quarter. Shares of HDFC Life closed 1% lower at ₹593.70 on the NSE
