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The current trends in Indian commercial and residential real estate market in 2024

– 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 receives orders worth Rs 2,273 crore

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

Q2 Result 2024 Live Updates: Eicher Motors, Vodafone Idea, Godrej Industries, Senco Gold, others releasing Q2 results today

Go to Live UpdatesQ2 Earnings 2024 Live Updates: While majority of companies across sectors including Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries,  Mahindra and Mahindra, Bharti Airtel, HUL, ITC, Marico, Dabur India, Nestle India, L&T, Adani Enterprises, Apollo Hospitals, Mankind Pharma, Nykaa, Godfrey Phillips, LIC, SBI, Axis Bank, HDFC Bank

Middle class hit by low wages, costly realty: Britannia’s Berry

The urban slowdown within the domestic fast-moving consumer goods (FMCG) market that has hurt the financial performance of most majors in the September quarter is due to rising housing prices and low wage hikes, Britannia’s vice chairman and MD Varun Berry said during an earnings’ call on Tuesday. Speaking to investors, Berry said, “The first

Shiprocket now turns to quick deliveries for offline merchants

Shiprocket, a Logistics unicorn, is betting on quick deliveries by offline merchants to fuel its next level of growth. In August this year, the Gurugram-based company launched Shiprocket Quick, an on-demand local delivery solution, to enable offline merchants to meet consumer expectations for 2-hour to same-day deliveries in categories such as food, grocery, pet care

Centre urges states to list electricity utilities

To meet the investment requirements in the power sector owing to rising demand, the government has suggested states and union territories to consider listing their power generation, transmission, and distribution companies on stock exchanges. Union minister for power Manohar Lal Khattar on Tuesday said that the country’s power sector requires an estimated investment of Rs

90 per cent of India-Russia trade in local currency now

Around 90% of trade between India and Russia is now being conducted using local or alternate currencies while the remaining still happens in other freely convertible ones, Russian Deputy Prime Minister Denis Manturov said Tuesday. “Share of local and alternative currencies keeps growing in bilateral trade. It is now approaching 90%. We deem it necessary

Nykaa’s profit zooms 66 per cent

Beauty and fashion firm FSN E-commerce, which operates Nykaa, posted a 66% jump in profit after tax (PAT) year-on-year to Rs 13 crore compared to Rs 7.8 crore a year ago. Revenue from operations stood at Rs 1,874.7 crore, up 24% from Rs 1,507 crore in Q2FY24. Ebitda stood at Rs 103.7 crore, up 29%
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High demand for adventure, once-in-a-lifetime trips

If sixty is the new forty, the travel industry is making the most of it, offering curated packages for the sexagenarians, septuagenarians and even octogenarians. From cruises to skiing, Europe to Japan, there is something for everyone, even a trip to Antarctica. Booking.com’s Travel Predictions 2025 suggest baby boomers (those born between 1946 and 1964)

Zetwerk IPO at least 15 months away: CEO

Contract manufacturing marketplace Zetwerk Manufacturing Businesses is eyeing an initial public offering (IPO) within the next 15 to 24 months, a senior company official said. “I don’t know if it (IPO) will happen this year. We are looking to file. We are doing all the preparation work, but I think 15 to 24 months is

E-commerce under fire; uncertified products seized in BIS raids on Amazon, Flipkart warehouse

The Bureau of Indian Standards (BIS) has conducted raids on warehouses operated by major e-commerce platforms, including Amazon and Flipkart, resulting in the seizure of thousands of uncertified consumer products, according to the consumer affairs ministry. Key seizures from Amazon and Flipkart  On March 7, BIS officials raided an Amazon warehouse in Lucknow, confiscating 215

Marcellus’ PMS AUM nosedives 64% since Oct ’22 – What went wrong?

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

Silver ETF AUM crosses Rs 13,500 cr in 3 years, says Zerodha Fund House

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