As wedding bells ring louder across Delhi, so do the car horns stuck in bumper-to-bumper traffic. The city is bracing for a season of grand ‘band, baaja, baraat’ — and the chaos that comes with it. With 4.5 lakh weddings set to take place over the next three weeks, expect roadways to transform into impromptu
Swiggy on Wednesday said it is expecting very solid growth in the next 3-5 years and plans to expand its geographical footprint and stores network for Instamart business. It said it has doubled the categories for quick commerce in the last 12 months. “We are expecting very solid growth for the next 3-5 years. We
Despite an improvement in capex by the central public sector enterprises (CPSEs), aggregate capex by public sector entities including NHAI and the Railways declined 8% on year in April-October of the current financial year. The slower pace of investment by railways and the National Highways Authority of India continued to weigh in these undertakings’ aggregate
Energy and environment solutions company Thermax reported a 25% year-on-year rise in consolidated net profit to Rs 198 crore and a 13% increase in revenue for the September quarter to Rs 2,612 crore. The current quarter’s revenue and profit were favourably impacted by an accrual of Rs 66 crore as income towards the incentive receivable
Industrialist Gautam Adani announced Wednesday that his group will invest $10 billion in energy and infrastructure projects in the United States. “Congratulations to @realDonaldTrump,” Adani posted on X, congratulating the US President. “As the partnership between India and the United States deepens, the Adani Group is committed to leveraging its global expertise and invest $10
Kalyan Jewellers India Ltd on Wednesday reported a profit decline of 3.37 per cent for the fiscal second quarter at Rs 130.33 crore in comparison to Rs 134.87 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 6065.48 crore, up 37.40 per cent as against Rs 4414.54 crore during the
– By Sunil Sisodiya A significant change in the commercial and residential real estate market is happening in India in 2024 owing to a combination of economic factors, changed consumer preferences, and rapid advances in technology. While the Indian economy is recovering from the aftermath of the pandemic and has advanced at an increased rate
Kalpataru Projects International Limited (KPIL) on Wednesday announced that the company along with its Joint Ventures (JVs) and international subsidiaries have secured new orders of awards of Rs 2,273 crore. The orders received are for the Transmission & Distribution (T&D) business in India and overseas market, and residential building projects in India. Also ReadMiddle class
Marcellus Investment Managers has seen its Portfolio Management Services (PMS) assets under management (AUM) decline sharply by 64% from Rs 12,704 crore in October 2022 to Rs 4,734 crore currently. The primary reason? Valuation missteps in stock selection, as acknowledged by the firm itself. In a post on social media platform X, Kanan Bahl, CA
Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12
The China Securities Regulatory Commission (CSRC) has suggested implementing salary reductions of up to 50% for fund managers whose investment products either incur losses or fail to meet benchmarks by 10% or more. This initiative, announced on March 14, 2025, is part of efforts to reform China’s $4.6 trillion mutual fund sector in light of
The Central Pension Accounting Office (CPAO) has issued new guidelines to ensure timely pension to retired employees of the National Pension System (NPS). In an Office Memorandum (OM) issued on March 12, 2025, the CPAO has reminded the concerned officials that NPS pension cases should be processed in the same manner as the Old Pension
Securing your children’s financial future is one of the most important responsibilities of a parent. From education and marriage to other key life expenses, your growing children will need financial support at different stages. To ensure they have the necessary funds when required, it’s essential to diversify your investments across different schemes. In India, several
