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Shoppers Stop reports Q2 loss at Rs 20.59 crore on subdued demand, revenue up 7.3% YoY

Shoppers Stop Ltd announced its fiscal second quarter earnings with a loss of Rs 20.59 crore in comparison to a profit of Rs 2.73 crore recorded during the corresponding quarter of FY24, due to subdued demand. It posted revenue from operations at Rs 1,114.87 crore, up 7.3 per cent as against Rs 1,039.12 crore during

Nifty may bounce back to 25,000 mark in near term says Religare Broking

By Ravi Singh Nifty October futures are currently trading at a 50 point premium. The Nifty is continuing to trade in a range of 24,500-25,000. We have seen a further downfall in the FIIs long ratio which is now at 33%. Furthermore we saw an extended selling by FIIs in the cash segment as they

Bajaj Finance shares up 6% on stable Q2; stock 10% away from all-time high

Bajaj Finance shares rallied 6.1% to an intraday high of Rs 7,088 after it reported stable Q2 earnings numbers. Also, Bajaj Finance was the top gainer in the Nifty 50. The stock is now 10% away from its 52-week high of Rs 7,884.90, which it touched on, coincidentally, October 23, 2023.  On October 22, the

Godavari Biorefineries IPO: 4 Key risks to watch before you decide to subscribe

Godavari Biorefineries IPO opens on October 23 and will close on October 25. The company aims to raise Rs 554.75 crore through the issue. The IPO has been subscribed 0.07 times as of 11:25 am on October 23. Here are key risks associated with the issue that investors should consider before deciding to subscribe Consolidation of raw

Jharkhand Elections 2024: BJP leaders, including ex-MLAs Lois Marandi, Kunal Sarangi, switch to JMM weeks before polls

In a setback for Bharatiya Janata Party (BJP), several BJP leaders, including three former MLAs, switched to the ruling Jharkhand Mukti Morcha (JMM) just weeks before the upcoming Jharkhand Assembly elections. On Monday, former legislators Lois Marandi, Kunal Sarangi, and Lakshman Tudu made the move to join JMM. This shift follows closely on the heels

New Bajaj Pulsar N125 vs Hero Xtreme 125R — Spec comparison

The 125cc motorcycles are getting sportier and sharper, and the Hero Xtreme 125R is a good example. Now, Bajaj has launched the Pulsar N125, which has the looks to make the Xtreme 125R look back. That said, both motorcycles are also focused on being fuel efficient. Let’s take a closer look at how they compare

How a Holistic Approach to Sustainable Practices can Provide the Indian Textile Industry with a Competitive Edge 

By B.M Sharma Every year, the fashion and textile industries contribute billions of dollars to the global economy. Conversely, they have an adverse environmental impact. Approximately 20% of water pollution and 10% of greenhouse gas (GHG) emissions emerge from textiles. By 2030, the fashion sector’s GHG emissions are anticipated to soar by more than 50%.

Turbocharging power distribution through Generative AI

By Vikas Gaba and Ruchika Chawla Power distribution is a critical link in the electricity value chain, interfacing with the end-customers and the only revenue source for the entire value chain. As distribution utilities continue to provide reliable and affordable electricity to all, they need to address both traditional grid challenges such as grid reliability

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CBDT sets new record by signing 174 advance pricing agreements in FY25

The Central Board of Direct Taxes entered into 174 advance pricing agreements with Indian taxpayers in FY25. The number sets a new record for the agency and includes unilateral APAs, bilateral APAs and multilateral APAs. This also takes the total number of APAs signed since the inception of the program to 815. According to details shared

Adani Group to raise $ 4-5 billion for Gujarat projects

Adani Group plans to raise $4 -5 billion for its projects in Khavda and Mundra in Gujarat in the next few months, said sources familiar with the matter. Adani is building a 30 GW renewable energy park in Khavda, Gujarat, which will be the largest renewable energy park in the world. The plant will produce

Aditya Birla sells Century Pulp and Paper to ITC for Rs 3,498 crore

Aditya Birla Real Estate (ABREL), formerly known as Century Textiles and Industries, has sold Century Pulp and Paper (CPP), located in Lalkuan, Uttarakhand, to ITC for Rs 3,498 crore through a lump-sum sale. ALSO READImported coal-based power plants may see tech upgrade to use local fuel JM Financial Limited acted as the exclusive financial advisor

After Temasek, IHC and Alpha Wave Global to invest in Haldirams

Haldirams on Monday announced that the UAE’s International Holding Company (IHC) and Alpha Wave Global would invest in the business in the ongoing round, which also saw participation from Singapore’s Temasek.  The company did not disclose the stake these two companies would acquire. However, industry sources suggested that they are likely to get around 5-6%

Retail inflows into equities touch three-year high

Net inflows of Rs 1.25 lakh crore from retail investors into equities touched a three-fiscal high in FY25 while infusions from domestic institutional investors crossed Rs 6 lakh crore, the highest in a decade, data from the National Stock Exchange (NSE) show. Foreign portfolio investors (FPIs) withdrew Rs 1.27 lakh crore from Indian stocks, the