Adani Energy Solutions (AESL), an electricity transmission and distribution company, has secured two significant transmission projects, bringing its total order book to Rs 54,700 crore. This is a substantial increase from Rs 17,000 crore at the beginning of the fiscal year 2024-25. New Projects and Market Position In the third quarter of FY25 (October-December 2024)
Union Minister Nitin Gadkari stated on Saturday that India’s automobile industry is set to become the largest in the world within the next five years. He highlighted that the industry has already created 4.5 crore jobs, the highest in the country. Speaking at a Federation of Automobile Dealers Association (FADA) event, Gadkari emphasised the strong
With Finance Minister Nirmala Sitharaman all set to table the Union Budget 2025 in Lok Sabha on February 1, the real estate segment is betting on industry status for the sector, incentives for affordable housing and sops for sustainable development. The real estate industry is hoping for transformative measures in the form of incentives and
The October-December quarter broadly marked a turning point for domestic IT firms, with signs of revival in discretionary spending and a healthy order book. This was met with some optimism by analysts as the quarter is seasonally a weak one due to furloughs. While Infosys and Wipro exceeded Street expectations, TCS and HCLTech were not
The Union Cabinet has approved a Rs 11,440 crore revival plan for debt-laden Rashtriya Ispat Nigam Ltd (RINL), according to a statement released on Friday. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the revival plan for RINL for Rs 11,440 crore, it said. Also ReadRIL’s O2C segment
The average value of purchases at Indriya stores exceeds that of other new entrants in the Indian jewellery market, the company’s chief executive officer Sandeep Kohli said. Speaking with FE, Kohli stated that Indriya has received positive market response since its launch in July 2023, adding that the brand aims to reach 100 stores within
SBI Life Insurance, the country’s largest private life insurer, on Friday posted a 71% year-on-year growth in third-quarter net profit at ₹551 crore led by healthy growth in fresh and renewal premiums. Gross premium income of the life insurer registered an 11% year-on-year growth to ₹24,998 crore. Of this, the new business premium stood at
The country’s fourth-largest IT company Wipro on Friday reported a sequential increase both on the revenue and profit front in the quarter ended in December on the back of improved demand in the US market and the banking, financial services, and insurance (BFSI) vertical. The numbers were also was above Bloomberg consensus estimate. Consolidated revenue
Donald Trump taking the oath as the US President for the second time saw US markets soar. The entire world watched closely how Trump might shape his possible economic policies. There were concerns that if Trump implemented his protectionist policies, as widely anticipated by experts, it could impact the global economy and markets adversely, though
Hindustan Unilever has bought 90% stake in Minimalist for an enterprise value of Rs 2,955 crore. This premium beauty brand, found in in 2020 by Mohit Yadav and Rahul Yadav has an annual revenue run rate of over Rs 500 crore and the business has been profitable since inception. HUL also plans to will acquire
By Shanthi Rexaline A new grouping of stocks dubbed ‘BATMMAAN’ that promises above-market returns has taken Wall Street by storm. These stocks, all from the high-flying tech sector, have fueled the U.S. bull market since October 2022. Meanwhile, India’s market has enjoyed an even longer bull run, with key indices trending upward since the onset
8th Pay Commission News: Ever since the Modi government announced its decision to set up the 8th Pay Commission, there have been all sorts of speculations among central government employees and pensioners about possible salary and pension hikes, the dates when the panel’s recommendations would be implemented, and other measures that the commission might recommend
Hindustan Unilever (HUL) has demerged its ice cream business through a scheme of arrangement approved by the Board on January 22. The FMCG major announced the demerger while reporting its quarterly results for the third quarter of FY25. The company will list Kwality Walls (India) separately, which it incorporated on January 10, 2025. HUL demerger
