Cement volumes growth is expected to moderate to 4-5 per cent to 445-450 million MT in FY2025, stated ICRA while revising its projection from an earlier forecast of 7-8 per cent released in July 2024. This, it added, is on account of slower-than-expected ramp-up in construction activity across the housing and infrastructure sectors, post the
Paradigm Realty on Wednesday announced that it has successfully repaid its debt of Rs 175 crore debt to Edelweiss Financial Services, two quarters ahead of schedule. The early repayment, it added, was achieved through robust sales collections and refinancing at an interest rate of under 13 per cent per annum, marking the beginning of the
India and the European Union (EU) held their 5th Strategic Partnership Review Meeting in Brussels, with a focus on advancing key initiatives such as the Free Trade Agreement (FTA), investment protection, and cooperation on global issues. The meeting on November 22, 2024, co-chaired by Tanmaya Lal, Secretary (West) in India’s Ministry of External Affairs, and
Surya Roshni Ltd on Wednesday announced that it has secured two orders worth Rs 214.68 crore from Hindustan Petroleum Corporation Limited and from a domestic entity. In a regulator filing, the company said, “It is hereby informed that the company has obtained order amounted to Rs 214.68 crore (with GST) including an order of Rs
Conventional wisdom says buying a 100-store retail company when quick commerce is reigning supreme is a huge risk, specially when the acquirer itself is just five years in the retailing business. But Aastha Almast, co-founder of New Shop, which is awaiting regulatory approvals for the acquisition of 24Seven, argues otherwise. New Shop’s physical format, she
Real estate emerged as the sector with the highest exploitations of advertising norms between April and September this year, according to the Advertising Standards Council of India (Asci). In its “Half-Yearly Complaints Report 2024-25”, the self-regulatory body said that of all the 3031 ads investigated, around 34% were from the real estate sector alone. It was followed
Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, has extended its partnership with the Indian government’s pension system for defence personnel, SPARSH (System for Pension Administration – Raksha), for an additional three years. This agreement marks the continuation of TCS’s efforts to streamline pension disbursement services for over 30
– By Gautam Munjal Travel has transformed in recent years, and it’s not just because of new destinations or luxury amenities. Travelers now expect more from their hotel stays—they want experiences that blend work, leisure, and local culture. This shift has given rise to a new hospitality model called hybrid hospitality, where hotels offer flexible
Indore-based TaskUs, a leading BPO and digital transformation services provider, abruptly fired over 300 employees without prior notice, sparking widespread outrage. A video of distressed employees addressing the company staff has gone viral on social media. In the video, employees accuse company representatives of mistreating them and even laughing while delivering the layoff news, further
Larsen & Toubro chairman SN Subrahmanyan’s comments on a 90-hour working week have sparked outrage with a host of his peers in corporate India criticising the idea of working inordinately long hours. CEOs took to Twitter and television on Friday to express their reservations on the remarks by Subrahmanyan, who has exhorted L&T employees to
With 400 million people in attendance, and manifold eyeballs on it, the Maha Kumbh is gargantuan not only in human presence, but in business opportunity as well. The figure is Rs 2 lakh crore to be precise, put forth by Uttar Pradesh chief minister Yogi Adityanath on Wednesday. This makes the event a pitching ground
Funds raised from the capital markets, including via equity and debt instruments, are expected to rise nearly 21% year-on-year to Rs 14.27 lakh crore in FY25, Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch said on Friday. Total capital formation has reached Rs 10.7 lakh crore so far this fiscal, with Rs
Despite missing Street estimates on the revenue and net profit front in its October-December earnings, analysts have viewed the company’s performance with a cautious optimism. The company’s commentary on the revival of discretionary spending and its robust order book are key drivers behind this sentiment. However, analysts remain vigilant about the challenges of total contract
