Betting on sustainability and electronics, Tata Projects, the engineering, procurement and construction (EPC) company of Tata group, is looking at double digit growth in the current financial year. The company turned into profits last year at Rs 139 crore on revenues of Rs 17,247 crore in FY24. Also ReadHAL posts Q2 profit growth of 22.14%
India’s insurance sector recorded a gross written premium in excess of $130 billion, with a 11% CAGR growth during FY2020-23, outpacing Thailand and China, which grew at less than 5%, according to a McKinsey & Company report. According to the report, Steering Indian Insurance from Growth to Value in the Upcoming ‘Techade’, while the life
Logistics startup Delhivery reported a second consecutive quarter of profit in Q2 at Rs 10 crore, compared to a loss of Rs 103 crore a year ago. Revenue grew 13% y-o y to Rs 2,190 crore, compared to Rs 1,942 crore. The company’s Ebitda rose to Rs 57 crore in Q2, compared to an Ebitda
The Union mines ministry is likely to begin the auction of offshore mineral blocks in the next two or three months with 10 such blocks to be put under the hammer in the first phase, coal and mines minister G Kishan Reddy said on Thursday. “The government plans to auction offshore mineral blocks in two
Union minister for petroleum and natural gas Hardeep Singh Puri on Thursday said that with more oil coming to the market and easing of geopolitical tensions, the global oil market situation will calm. He noted that major oil consuming countries including India are not likely to face any shortfall of oil supply on account of
Maruti Suzuki has disrupted the compact sedan segment with the all-new fourth-generation Dzire. The nameplate is synonymous with success in the Indian market, the Dzire has long been the top-selling sedan across all categories. The new model not only introduces a host of segment-first features but also stands as the safest sedan in its class.
BMW has launched an updated version of one of its most popular performance cars— the M340i. Sitting on top of the 3-Series range, just below the full-fledged race-spec M3, the M340i is the ideal combination of performance and luxury. Priced at Rs 74.90 lakh (ex-showroom), BMW claims to have sold more than 1,000 units of
8th Pay commission News: As the 7th Pay Commission is about to complete 9 years and enter the final phase of its tenure (as past Pay Commissions have typically lasted 10 years), there is a lot of buzz surrounding the formation of the 8th Pay Commission. Around 1.2 crore central government employees and pensioners are
Quick commerce platform Zepto will start selling Apple products, including the latest iPhone 16e, on its platform this week, according to people with direct knowledge of the development. The assortment will have iPads, Apple Watches and AirPods, among other accessories. This comes just two weeks after its rival Blinkit announced it would start delivering other
The planned imposition of the claimed reciprocal tariffs on imports by the Donald Trump administration will impact Tata Motors and Samvardhana Motherson International (SAMIL), research and rating agency Moody’s said on Monday. Vehicle exports to the US are limited at around 3% of total exports for India. However, auto parts suppliers and luxury carmakers selling
Religare Enterprises (REL) on Monday said it has commissioned a governance review of the company and subsidiaries, Religare Finvest and Religare Housing. It has also sought immediate funds from its promoters — the Burman family — to sustain operations. “The objective is to review the past operating practices, suggest improvements around systems and controls for future
Ashok Ambade, a property broker in Thane near Mumbai, says he has seen a 10-20% drop in buying enquiries in the last six months. “There are very few buyers now,” Ambade, who has been in the business for 20 years now, adds. Vineet Matlani, another broker, pegs the decline in enquiries at an even higher
The Centre in January this year announced the 8th Pay Commission, which will submit its report to the central government for revision of salaries and pensions. Ever since the pay panel was announced, central government employees and pensioners have been eagerly awaiting the appointment of 2 committee members and the chairman. The government is expected
