Power transmission developer Sterlite Grid 32 Ltd (SGL32) on Monday announced securing Rs 2,450 crore through listed non-convertible debentures (NCDs) to refinance its Mumbai Urja Marg Ltd project. The funds for refinancing were raised from the National Bank for Financing Infrastructure and Development (NaBFID) and India Infrastructure Finance Company Limited (IIFCL). This is the first
Mumbai-based real estate developer Macrotech Developers (also known as Lodha Group) on Monday said it has achieved best ever quarter pre-sales of Rs 4,510 crore, showing 32% YoY growth in Q3FY25. With this, it has achieved pre-sales of Rs 12820 crore in 9mFY25 showing 25% YoY growth. Also ReadJockey India licensee Page Industries appoints Karthik
Reliance Consumer Products (RCPL), the fast-moving consumer goods arm of Reliance Industries, launched Raskik Gluco Energy on Monday, stepping into the hydration category. The foray will see RCPL take on players such as Tata Consumer Products, which has Tata Gluco Plus, and Dabur, which recently launched Dabur GlucoPlus-C priced at Rs 10 for a 160-ml
Titan’s standalone business registered a 24% year-on-year growth, the Tata Group company reported on Monday while providing an update for the December 2024 quarter. The company’s jewellery business, in particular, grew 26% year-on-year, driven by strong festive demand. Robust consumer traction during Diwali resulted in high single-digit buyer growth, along with double-digit growth in ticket
To boost productivity and foster inclusive growth, the Confederation of Indian Industry (CII) has recommended that the government prioritise employment generation as a central theme in the Union Budget for FY26. The CII has suggested the introduction of an integrated National Employment Policy (NEP), which would consolidate various employment-generating schemes currently being implemented by multiple
Page Industries Limited, the licensee for Jockey and Speedo, on Monday announced the appointment of Karthik Yathindra as the Chief Executive Officer, effective 01 April 2025. He has been associated with the company for over nine years and has held several leadership positions, overseeing areas of sales, retail, product, marketing and supply chain. In a
The construction activity, primarily for road players, was impacted by the model code of conduct in Q1FY25 and an elongated monsoon period, along with milestone-based billing (against monthly billing till March 2024) in Q2FY25, stated a report by ICRA. The impact is reflected in the modest revenue growth of approximately 1.5 per cent in year-on-year
With Vodafone Idea (Vi) getting ready to launch its commercial 5G services in March, almost two-and-a-half years after Reliance Jio and Bharti Airtel, all eyes will be on its pricing strategy. CEO Akshaya Moondra had said recently that the telco will have to look at 5G pricing differently than peers Jio and Airtel since it
The growing turbulence in the Indian equity market, marked by steep corrections in benchmark indices, has contributed to a nervous investment environment. Headwinds such as persistent geopolitical uncertainties, tariff tantrums of U.S. President Donald Trump instigating trade wars, rising crude oil prices, a weakening rupee against the greenback, the risk to inflation trajectory, the chances
Indian stock markets are expected to open on a positive note today, with early signals from Gift Nifty looking green. On March 20, the Sensex jumped 1.19% to close at 76,348, while the Nifty rose 1.24% to end at 23,190. Asia Markets Asian stock markets opened mixed on Friday. Japan’s Nikkei 225 gained 0.34%, while
Shares of Accenture plunged 7.3% on Thursday after the consulting giant reported that tightened U.S. federal spending is weighing on its revenue. The company’s Federal Services division has lost key contracts following recent government reviews, Chief Executive Julie Spellman Sweet disclosed during the fiscal second-quarter earnings call. ALSO READInfosys, Wipro ADRs crash over 3% on
Every trading day brings its own set of surprises like major deals, leadership shifts, and investments that dictate market trends. Today’s lineup includes corporate makeovers, billion-dollar deals, and key announcements. Here is a snapshot of the key stocks that will be in focus for today’s trading session. Market recap Indian equity indices surged on March
The UK-based Prudential on Thursday announced the establishment of a standalone health insurance company in partnership with Vama Sundari Investments (Delhi), a firm owned by the HCL Group promoter. Subject to regulatory approvals, Prudential Group Holdings — a UK subsidiary of Prudential plc — will hold 70% stake in the joint venture and Vama Sundari Investments
