Why the heck not? DLF chairman emeritus KP Singh seems to have lived by this maxim, using it as an apt title for his new book as well. Sitting dapper at the book’s launch on Thursday, the real estate baron is ready for an evening king-size, complete with a police band. His life and work
Logistics enabler for e-commerce Shiprocket and air cargo handling company Cargo Service Centre (CSC) have been selected by the government to run pilots on the setting up E-commerce Export Hubs (ECEH) in the country, a senior official said Thursday. The hubs will be set up in and around Delhi airport and will be rolled out
Agro Tech Foods, backed by Samara Capital, will acquire Del Monte Foods, a joint venture of Bharti Enterprises and Del Monte Pacific, in a share swap deal valued at over Rs 1,300 crore. The transaction will see Agro Tech issue 13.3 million shares at Rs 975.5 apiece to the current shareholders – Bharti (59.29%) and
GAIL (India) Limited has signed a 10-year sales and purchase agreement (SPA) with Abu Dhabi’s ADNOC Gas for the delivery of up to 0.52 million metric tonnes per annum (MMTPA) of liquified natural gas (LNG), starting in 2026, the company said on Thursday. This is the first SPA of ADNOC Gas with an Indian buyer.
Honasa Consumer, the parent entity that owns beauty and personal care brand Mamaearth, posted a surprise loss of Rs 19 crore in Q2 against the Street estimates of a profit of Rs 6 crore, largely due to a slowdown from changes in its distribution model. Revenue from operations, too, fell 7% year-on-year to Rs 462
Vodafone Idea, which continued to lose subscribers in the September quarter despite investments in 4G capacity and coverage expansion, expects to see a turnaround in the trend by the end of the fiscal, the management said at the earnings call on Thursday. The telco lost 5 million subscribers sequentially in Q2FY25, including 800,000 4G/5G subscribers.
Betting on sustainability and electronics, Tata Projects, the engineering, procurement and construction (EPC) company of Tata group, is looking at double digit growth in the current financial year. The company turned into profits last year at Rs 139 crore on revenues of Rs 17,247 crore in FY24. Also ReadHAL posts Q2 profit growth of 22.14%
Logistics startup Delhivery reported a second consecutive quarter of profit in Q2 at Rs 10 crore, compared to a loss of Rs 103 crore a year ago. Revenue grew 13% y-o y to Rs 2,190 crore, compared to Rs 1,942 crore. The company’s Ebitda rose to Rs 57 crore in Q2, compared to an Ebitda
Gold has been on a tear with its price jumping over 50% in the last one year. In international markets, gold crossed $3,000 an ounce on March 14, while in India, gold rate today is Rs 87,970 per ten grams. The recent surge in gold prices is due to the R-word – recession, which now
US stocks rallied to their best day in months on Friday as Wall Street’s roller coaster suddenly shot back upward. That still wasn’t enough to keep the US market from a fourth straight losing week, its longest such streak since August. The S&P 500 jumped 2.1% a day after closing more than 10% below its
As the markets graduated from a correction to a full-blown crash, investors of all types are running for exit. It is at times like these that we must remember the words of the world’s most famous value investor, Warren Buffet. He said, “Be greedy when others are fearful and be fearful when others are greedy.”
Companies in the business of keeping cool are gearing up for a record summer this year. With temperatures already on the rise in the west, east and parts of the north, firms are readying production and distribution initiatives to meet the demand surge expected in the coming summer months. “February and the first two weeks
The domestic stock exchanges have seldom had it so good. Over four years of a bull market, coupled with investors entering in droves — it’s a heady mixture for the bourses. Consequently, their coffers have been flowing over. Sample this: India’s biggest stock exchange – the NSE – reported a 57% and 94% year-on-year growth
