The retail sector’s festive sales growth failed to meet expectations this year, reflecting subdued consumer demand, according to the Retailers Association of India (RAI). The sector recorded a modest 7% growth between October 7 and December 1, compared to the same period last year. This fell short of the anticipated 10% growth, as revealed in
Adani Enterprises Limited (AEL) will exit from Adani Wilmar, the FMCG joint venture between its subsidiary Adani Commodities LLP (ACL) and Wilmar International owned Lence Pte (Lence), to focus investments on its core infrastructure business, the firm said in an exchange filing on Monday. The divestment of its share in Adani Wilmar will raise $2billion
Telangana Chief Minister Revanth Reddy and state IT Minister D Sridhar Babu along with other leaders and senior officials visited Microsoft CEO Satya Nadella at his home in Hyderabad on Monday, December 30th. Nadella, who spent his early years, schooling at the Hyderabad Public School, was in the city. The state leaders and officials left no
Hindalco Industries, the metals flagship of Aditya Birla Group, announced that it has received a vesting order for the allocation of the Meenakshi Coal Mine in Odisha by the Ministry of Coal. This development, it added, follows the successful signing of the Coal Mine Development and Production Agreement (CMDPA) on November 22, 2024, marking a
Adani Enterprises (AEL) has agreed to sell its stake in Adani Wilmar (AWL) to Lence a subsidiary of Wilmar International Limited. The deal, made on December 30, 2024, will see Lence acquire up to 31.06 per cent of AWL’s shares, which are currently owned by AEL’s subsidiary, Adani Commodities (ACL). This is the first step
JSW Energy has been inclining towards renewable energy (RE) over the last couple of years, as is evidenced by their locked-in RE portfolio of 15.3GW at end-Q2FY25 in comparison to 6GW in H2FY23. It has also emerged as the H1 bidder for O2 Power. Earlier last week, JSW Neo Energy, a wholly owned subsidiary of
Addressing students at Mumbai’s Jai Hind College in September this year, Gautam Adani summed up his life’s philosophy. Resilience, he said, is “not about avoiding the falls. It’s about rising stronger after every fall”. Not even his worst detractors can accuse him of at least not trying to walk his talk. The Adani Group chairman
Kishor Kadam India’s promoters have sold shares worth Rs 1.5 lakh crore in 2024 so far, the highest in at least five years, cashing in on a rallying stock market and frenzy in the primary market. The cash realised by promoters in 2024 of Rs 1.49 lakh crore, data from Prime Database reveals, was higher
Senior citizens often require funds for various reasons. Medical emergencies, home renovations, or supporting children’s education are common needs. Some may seek loans to consolidate debt or finance a large purchase. With increasing life expectancy, managing finances during retirement has become more critical. However, securing a loan in retirement can be challenging for senior citizens
The debate over India’s tax structure has reignited after a tweet by SEBI-registered Research Analyst A K Mandhan highlighted stark disparities in taxation. The figures shared in his tweet have sparked outrage, particularly among salaried employees, who bear a significantly higher tax burden compared to other sectors. ALSO READSIP portfolio down by 20-30 pc in
Real estate investments in the Asia Pacific market have increased by 12 per cent YoY to reach $155.9 billion in 2024, stated a report by Colliers. The growth, it added, underscores the continued resilience of the region’s top nine markets – Australia, Mainland China, Hong Kong, India, Japan, Singapore, South Korea, New Zealand and Taiwan.
Vodafone Idea (Vi), a well known penny stock, surged nearly 5% in early trade on Wednesday, March 19, reaching a day’s high of Rs 7.47 on the NSE. The rally comes after the company announced the launch of its 5G services in Mumbai. At the time of writing, the share price of Vi was trading
The metal stocks are in focus this morning, especially the steel stocks. Some of the steel stocks like SAIL, JSW Steel and Tata Steel are up smartly with as much as 4% intra-day gains. The Nifty Metal Index is up 1.4% and the BSE Metal Index is up 1.5% intra-day. This is after the Commerce
