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New Delhi [India], September 26 : Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is ... New Delhi [India], September 26 : Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is well-positioned to withstand global economic shifts. "Amidst global uncertainty, India's resilience is remarkable. With strong macroeconomic fundamentals, a young demographic profile, and increased reliance on domestic demand, India is w ...Read More >
New Delhi [India], September 26 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is well-positioned to withstand global economic shifts. "Amidst global uncertainty, India's resilience is remarkable. With strong macroeconomic fundamentals, a young demographic profile, and increased reliance on domestic demand, India is well-positioned to withstand global shocks and maintain a high-growth trajectory," the Finance Minister said. She stressed that i ...Read More >
New Delhi [India], September 26 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is well-positioned to withstand global economic shifts. "Amidst global uncertainty, India's resilience is remarkable. With strong macroeconomic fundamentals, a young demographic profile, and increased reliance on domestic demand, India is well-positioned to withstand global shocks and maintain a high-growth trajectory," the Finance Minister said. She stressed that i ...Read More >
Crisil Ratings says that two-thirds of FMCG acquisitions in past five years were D2C, aiding premiumisation and growth while supporting startups. Companies like, ITC, HUL and Marico are leading the acquisiton spree Around two-thirds of acquisitions by FMCG players in the past five fiscals have been in the D2C (direct-to-consumer) space, offering established players a boost to growth and expansion into premium segments while enabling the acquired entities to mitigate challenges of scalability an ...Read More >
The Bank of England will keep its key policy rate on hold on September 18 as inflation is creeping up, but it will cut once next quarter and again early next year, according to a majority of economists in a Reuters poll. However, a growing minority of economists say the central bank is done with cutting this year. After peaking at more than 11% nearly three years ago, inflation briefly returned to the central bank's 2% target last year but has since risen to nearly double that. With cost-of-li ...Read More >
Chennai : The Boards of Directors of Dr. Agarwal's Health Care Limited ("AHCL" or the "Company") and Dr. Agarwal's Eye Hospital Limited ("AEHL") at their respective meetings held today have approved the scheme of amalgamation ("Scheme") of these independently listed companies under the Dr. Agarwal's Group. The Scheme is subject to the requisite approvals from respective shareholders of AHCL and AEHL and the applicable regulatory approvals. The merged entity inter-alia brings together significan ...Read More >
Mumbai, Aug 25 (PTI) Non-bank lender Altum Credo on Monday announced a Rs 170 crore fund raise from existing investor UK's development finance institution and impact investor British International Investment (BII). The funding will help the Pune-headquartered affordable housing-focused lender expand its operations in the country, as per a statement. The company has served over 15,000 customers in six states covering southern and western India, and manages assets of over Rs 1,000 crore. The in ...Read More >
RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" to create an investment cycle, as the country navigates a choppy global economic environment. In his inaugural address at the annual banking conference 'FIBAC 2025', the Governor said RBI is examining measures to expand bank credit including the sunrise sectors. "I woul ...Read More >
Mumbai: Reserve Bank Governor Sanjay Malhotra Monday said that corporates and banks need to come together to boost investments amid challenges emanating from tariff uncertainties and geopolitical concerns, stressing that the central bank has not lost sight of growth objectives. Speaking at the annual Fibac event here, the Governor said he is hopeful that the ongoing negotiations between the US and Indian trade representatives will yield a decision which will "minimize" the impact of tariffs on ...Read More >
Mumbai: Black Box Limited, a leading provider of digital infrastructure solutions, announced its unaudited financial results for the quarter ended June 30, 2025. The Company delivered a resilient performance with year-over-year improvement in both operating profit and net profitability, despite the ongoing global tariff uncertainty that impacted project execution timelines. Building on the strong operational foundation laid in FY25, when the Company completed its multi-year turnaround and achie ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the re ...Read More >
Mumbai - Affordable Robotic and Automation Limited (ARAPL) (BSE: 541402 | NSE: AFFORDABLE), a pioneer in industrial automation and smart robotic solutions, has reported a narrowing of net losses in the first quarter of FY26, supported by efficient cost management, steady demand, and a strong order pipeline. For the quarter ended June 30, 2025, ARAPL's standalone net loss stood at ₹3.60 crore, compared to ₹4.74 crore in the same period last year. Operating income was stable at ₹18.77 crore, vers ...Read More >
Mumbai : UGRO Capital Limited ("UGRO" or "the Company"), a DataTech NBFC focused on MSME lending, announced its financial performance for the quarter ended June 30, 2025 (Q1'FY26). The Company sustained healthy year-on-year growth and a stable risk profile, while reinforcing structural growth engines of branch expansion in Emerging Markets, scale in Embedded Finance, and progress on the Profectus Capital acquisition and ongoing equity raise. Continuing its journey toward becoming the largest sma ...Read More >
Bengaluru: Delhivery said it brought more than half of Ecom Express's volumes onto its platform after the acquisition received regulatory approval in June. It shifted all client contracts to what it described as "rational pricing." "The irrational pricing that existed in the market has been cleaned out, at least out of what was the erstwhile Ecom Express network," Sahil Barua, CEO, Delhivery said during the investor call on Friday. Delhivery bought Ecom Express for Rs 1,369 crore this year. "Cli ...Read More >
Indian real estate developers are strategically reducing debt and favoring equity, leading to healthier balance sheets. Colliers reports a significant drop in high debt-to-equity ratios among top firms. This shift boosts profitability, with many firms exceeding 10% net profit margins. Increased financial health attracts banks and equity investors, evidenced by substantial IPO fundraising since 2021. Property developers are sharpening their focus on deleveraging, creating healthy balance sheets, ...Read More >
BENGALURU: Delhivery on Friday said it has brought more than half of Ecom Express's volumes onto its platform and shifted all client contracts to what it described as "rational pricing." The acquisition, which received regulatory approval in June and was completed in July for a final purchase consideration of Rs 1,369 crore, also involved a network rationalisation plan with the retention of seven facilities for long-term use. "The irrational pricing that existed in the market has been cleaned ou ...Read More >
New Delhi [India], July 20 (ANI): India tyre sector is set to see steady revenue growth of 7-8 per cent this fiscal, driven by replacement demand that accounts for half of annual sales, even as offtake by original equipment manufacturers (OEMs) will likely be subdued and exports steady, said Crisil Ratings in a report. The report added that the rising premiumisation is expected to give a slight leg-up to realisations. However, escalating trade tensions and the risk of dumping by Chinese produce ...Read More >
New Delhi, Jul 19 (PTI) India Cements Ltd (ICL), now part of the Aditya Birla Group, on Saturday reported a consolidated net loss of ₹132.90 crore for the first quarter ended June 2025. It had reported a net profit of ₹58.47 crore a year ago, according to a BSE filing by ICL, now a subsidiary of UltraTech Cement. Its revenue from operations was marginally down at ₹1,024.74 crore in the June quarter of FY26. This was ₹1,026.76 crore in the corresponding quarter of the last fiscal. The t ...Read More >
Chennai, Jul 19 (PTI) The India Cements Ltd, a subsidiary of UltraTech Cement Ltd, an Aditya Birla Group company, reported a consolidated net loss of Rs 132.90 crore for the April-June 2025 quarter, the company said on Saturday. The city-based cement maker had posted a consolidated net profit of Rs 58.47 crore during the corresponding quarter of the previous financial year. For the year ended March 31, 2025, the consolidated net loss stood at Rs 143.68 crore, the company said in a regulatory f ...Read More >
Chennai, Jul 19 (PTI) The India Cements Ltd, a subsidiary of UltraTech Cement Ltd, an Aditya Birla Group company, reported a consolidated net loss of Rs 132.90 crore for the April-June 2025 quarter, the company said on Saturday. The city-based cement maker had posted a consolidated net profit of Rs 58.47 crore during the corresponding quarter of the previous financial year. Also Read | Bodoland Lottery Result Today, July 19, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared ...Read More >
New Delhi, Jul 19 (PTI) India Cements Ltd (ICL), now part of the Aditya Birla Group, on Saturday reported a consolidated net loss of Rs 132.90 crore for the first quarter ended June 2025. It had reported a net profit of Rs 58.47 crore a year ago, according to a BSE filing by ICL, now a subsidiary of UltraTech Cement. Also Read | Bodoland Lottery Result Today, July 19, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. Its revenue fro ...Read More >
New Delhi, Jul 19 (PTI) India Cements Ltd (ICL), now part of the Aditya Birla Group, on Saturday reported a consolidated net loss of ₹132.90 crore for the first quarter ended June 2025. It had reported a net profit of ₹58.47 crore a year ago, according to a BSE filing by ICL, now a subsidiary of UltraTech Cement. Its revenue from operations was marginally down at ₹1,024.74 crore in the June quarter of FY26. This was ₹1,026.76 crore in the corresponding quarter of the last fiscal. The total ex ...Read More >
New Delhi, Jul 19 (PTI) India Cements Ltd (ICL), now part of the Aditya Birla Group, on Saturday reported a consolidated net loss of Rs 132.90 crore for the first quarter ended June 2025. It had reported a net profit of Rs 58.47 crore a year ago, according to a BSE filing by ICL, now a subsidiary of UltraTech Cement. Its revenue from operations was marginally down at Rs 1,024.74 crore in the June quarter of FY26. This was Rs 1,026.76 crore in the corresponding quarter of the last fiscal. The ...Read More >
Patna, July 19 (SocialNews.XYZ) In a major action against corruption, the State Vigilance Unit (SVU) on Saturday arrested Sub-Inspector Putul Kumari, the SHO of the Women's Police Station in Samastipur, for accepting a bribe of Rs 20,000. Her driver was also arrested in the case. The arrest has created a stir within the police department. According to an official, Putul Kumari was caught red-handed while taking the bribe from Rajiv Ranjan, a resident of Chhatauna village under Mufassil police ...Read More >
MUMBAI: The largest private sector lender HDFC Bank has on Saturday posted 12.24 percent year-on-year growth in net profit at Rs 18,155.21 crore for the June quarter on an all round performance across all key metrics along with a Rs 10,000 crore one-time income from the IPO of its non-bank arm last month. Its total income rose to Rs 99,200 crore from Rs 83,701 crore in the reporting period of which net interest income came in at Rs 31,438 crore which by expanded 5.4 percent. On a consolidated ...Read More >
New Delhi, July 18 (SocialNews.XYZ) The All India Football Federation have congratulated Inter Kashi on being adjudged the I-League Champions following the decision by the Court of Arbitration for Sport (CAS). CAS has partially upheld an appeal by Inter Kashi Football Club (Inter Kashi FC) against Churchill Brothers FC Goa, Namdhari FC, Real Kashmir FC, and AIFF. CAS has ruled that the AIFF shall declare Inter Kashi FC as winners of the I-League 2024-25. After an unsuccessful first procedure i ...Read More >
MUMBAI: Companies are lapping up the qualified institutional placements (QIPs) route -- the easiest and the shortest way to raise equity capital -- like there is no tomorrow. As many as 30 issuers -- led by the Rs 25,000-crore issue by SBI being the largest-ever issue in the history of India Inc -- have raised close to Rs 60,000 crore via this mode so far this year. In the whole of 2024, 95 issuers had collectively raised Rs 1.37 trillion. Of the total so far, more than half -- Rs 30,470 crore ...Read More >
Mumbai (Maharashtra) [India], July 15: MIRC Electronics Limited (NSE Code: MIRCELECTR, BSE Code: 500279), renowned for its legacy in electronics and home appliances, opens its Rights Issue on Monday, July 14, 2025, aiming to raise ₹ 49.49Crore. Also Read | Mumbai's Matcha Parties: Dive Into the Micro Events Sparking Excitement!. The issue size is 4,94,89,847 equity shares at a face value of ₹1 each with an Issue Price of ₹ 10 Per Share. Rights Issue details: Also Read | Will Banks Be Cl ...Read More >
Patna: Non-vegetarian dishes have made Bihar's politics spicier on several occasions, and so union minister and senior JD (U) leader Rajiv Ranjan Singh aka Lalan Singh' recent mutton party for party workers and supporters under his Munger constituency was no exception. Lalan Singh listened to problems of common people at Suryagarha in Lakhisarai district of Bihar (part of Munger constituency) to sort them out with local authorities and also threw a mutton party for them, creating a controversy ...Read More >
Mumbai: Axis Bank reported a 4% fall in its June quarter net profit to ₹5,806 crore, below consensus estimates, as provisions rose sharply at the private lender and business income was tepid. Analysts polled by Bloomberg had estimated PAT at ₹6,375.8 crore. The lender had reported profits of ₹6,034.6 crore in the same period last year. Net interest income or the core income of the bank for the quarter under review was flat at ₹13,560 crores versus ₹13,448 crore in the corresponding quarter last ...Read More >
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