A division bench of the the Delhi High Court on Monday deferred hearing an appeal filed by MB Finmart, a Burman Family entity, opposing the Registrar of Companies’ (RoC) three-month extension for Religare Enterprises’ annual general meeting (AGM) for 2023-24, citing an absence of the RoC’s reply. The court has set the next hearing on
Foreign investors have been aggressively unwinding their total return swap ((TRS) positions, which are mostly unhedged, due to the volatility in global bond yields ahead of the US presidential elections, traders said. In addition, with the rupee breaching the crucial mark of 84/$, foreign investors have resorted to booking profits. For a second week in
Royal Enfield will be unveiling its first electric motorcycle soon, and while the company showcased the all-electric Himalayan, it will have to wait for what’s being unveiled on November 4th. It is good to see the world’s oldest motorcycle manufacturer shift to electric mobility, however, here are three things to expect from the all-electric Royal
Ahead of its official unveiling at EICMA Milan in November, a series of spy shots of the new 2024 KTM 390 Adventure have emerged. This new-generation motorcycle, showcased at the KTM Adventure Rally event in the USA, features Cruise Control settings for the first time. Here’s everything we know so far about the highly anticipated
Saving should be approached with a specific goal and a predetermined target amount in mind. This strategy facilitates the accumulation of the necessary funds to achieve particular financial objectives, such as financing a child’s education or preparing for retirement. It is essential to adopt the principle of “Income minus Savings equals Expenses,” rather than the
Honda Motorcycle and Scooter India is taking a significant step towards sustainability by launching the CB300F flex-fuel motorcycle, priced at Rs 1.7 lakh, ex-showroom Delhi. As India’s first flex-fuel motorcycle, the CB300F is now open for bookings and will be available at Honda’s BigWing dealerships by the last week of October 2024. Yogesh Mathur (Director
The Union Budget 2024, presented in July this year, introduced some major changes to the tax rules for mutual fund investments, impacting both short-term and long-term capital gains. Investors selling mutual fund units within a year will now face a higher tax rate on their profits. For those holding investments for over a year, the
Zomato Q2 Results 2024: As Zomato gears up for its Q2 FY25 financial results, here’s everything you need to know about the date, time, and how to tune in for the live earnings call. Date of Zomato Q2FY25 Results Mark your calendars! The Board of Directors of Zomato will convene tomorrow, October 22, 2024, to
OnEMI Technology, the parent company of digital lending platform Kissht, has grown its assets under management (AUM) by 55% in the financial year 2024-25, to more than Rs 4,200 crore, founder and executive director, Krishnan Vishwanathan, said. In FY24, their AUM had doubled to Rs 2,700 crore. He added that while the overall unsecured loan
Indian IT services sector may face indirect challenges due to the reciprocal tariffs, as analysts highlight potential disruptions in economic growth that could affect technology spending particularly in key verticals such as manufacturing, logistics, and retail. The tariffs are designed to boost American manufacturing but could increase costs for US businesses. This, in turn, could
With a reciprocal tariff rate of 27% imposed by the United States starting April 9, India stands in a favourable position compared to competitors like Vietnam (46%), Thailand (36%), and China (54% – 34% reciprocal plus additional 20% ). However, it will face challenges from manufacturing nations such as Turkey, Brazil, and the Philippines, with
US President Donald Trump’s decision to impose universal reciprocal tariffs on imports has given India’s textile industry—especially apparel exporters—an edge over competitors like Vietnam, Bangladesh, and China, which face even higher tariffs. The Trump administration on Thursday announced a flat 27% tariff on Indian goods with some exemptions. In comparison, India’s main competitors—Vietnam (46% tariff)
The rupee staged a strong comeback on Thursday, strengthening by 7 paise against the dollar after weakening by nearly 25 paise in morning trade. Gains were driven by the view that US tariffs were less severe than feared. The fall in crude oil prices and weakening of the dollar index also helped the rupee rebound.
