The earnings season has got off to a subdued start, with virtually every heavyweight disappointing the Street. Net profits of a sample of 164 companies (including banks and financials) were up 7% year-on-year on the back of an 8% rise in revenues. But net profits would have fallen but for a 23% jump in other
CPP Investments (CPPIB), Canada’s largest pension fund manager, has dropped its plans to sell stake in IndoSpace Core, its equal joint venture with IndoSpace, a developer of logistics parks promoted by Southeast Asia-focused Everstone Capital and US-based Realterm, people in the know said. CPPIB did not get the desired valuation from bidders, sources said. “Also
Not just kiranas, but quick commerce is beginning to hurt organised grocery retailers in urban centres as consumers seek instant gratification and convenience. While DMart, a popular grocery chain, admitted last week that online formats were hurting sales in metro stores, NielsenIQ data sourced from the industry corroborates this trend. Sales volume growth in modern
As the government looks to set up 500 gigawatt (GW) of green capacity by 2030, a key challenge is to ensure its seamless access to the Grid. This is because RE by nature is intermittent, which undermines its optimal use unless stored efficiently. Private companies such as ReNew, JSW Energy, Avaada Energy, Serentica Renewables, Gensol
India’s renewable energy RE) ambitions could increase the country’s annual solar import bill to $ 30 billion from $ 7 billion currently with most of it coming from China and as the entire world faces the same issue in its efforts to decarbonise key countries need to unite to global scale solar manufacturing facilities, according
By Dr Mohit Tantia Rajasthan has emerged as a prime destination for solar energy investment, not just in India, but globally. With an impressive installed capacity of 22,860 MW, the state now ranks first in the country in solar energy production. As India pushes toward its ambitious goal of achieving 500 GW of non-fossil fuel
India has proposed to the United States to convert their memorandum of understanding in critical minerals into a critical minerals agreement (CMA) that will give the benefits of a free trade agreement to the trade of electric vehicles. “I have suggested that our critical minerals MoU should be converted to critical minerals partnership agreement and
Kotak Mahindra Bank’s standalone profit rose 5% to Rs 3,344 crore in the second quarter of current fiscal from Rs 3,191 crore in the same quarter previous year, helped by healthy growth in net interest income and improvement in asset quality. The net profit was below expectations as Bloomberg analysts expected the lender to post
Adani Energy Solutions (AESL), part of Adani Group, on Friday said it has won a power transmission project in Gujarat. AESL won the project under the tariff-based competitive bidding (TBCB) mechanism and PFC Consulting was the bid process coordinator. The project SPV was formally transferred to AESL on March 20, 2025. This is AESL’s sixth
After multiple quarters of weak sales, quick-service restaurants (QSRs) may see a turnaround in FY26, led by an urban recovery, sector experts and top executives said. The fiscal stimulus measures announced in the recent Budget, focus on value meals and a strategy of not taking price hikes are likely to be contributors to growth in
Engineering and construction major Larsen & Toubro on Friday said it has elevated Subramanian Sarma as deputy managing director and president. He is wholetime director and president, energy now. The company said the elevation will come into effect from April 2, 2025. The board has also decided to extend his term to February 3, 2028
The Indian benchmark indices outperformed their global peers on Friday, recording gains even as most equity markets worldwide traded lower. The Sensex climbed 557.45 points or 0.73% to close at 76,905.51, while the Nifty rose 159.75 points or 0.69%, ending the day at 23,350.40. Both indices recorded gains for the fifth consecutive session. ALSO READFabulous
SEBI whole time member Ananth Narayan on Friday said unregistered investment advisors/research analysts are a “menace” who are cashing in on the rising interest in investments. Since October 2024, SEBI has worked with social media companies to bring down over 70,000 misleading handles/posts, Narayan said at an event organised by the Association of Registered Investment
