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New Delhi, Aug 26 (PTI) India's Real Estate Investment Trust (REIT) market is gaining momentum with nearly 140 million sq ft of office and retail real estate already in the portfolio of five trusts listed on stock exchanges, according to Colliers India. Real estate consultant Colliers India noted that the REIT market in India is "steadily progressing from a 'nascent' to 'early growth' stage. Stating that around 500 million sq ft of office assets are REIT-worthy, the consultant said the four li ...Read More >
NewsVoir Gurugram (Haryana) [India], August 25: VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI), the nation's largest bank, to provide retail car financing through its exclusive dealer network. The agreement aims to offer a seamless suite of credit solutions ahead of the company's highly anticipated launch. Under the agreement, customers will enjoy tailored financing solutions, including attractive inter ...Read More >
Patel Retail, a supermarket chain based in Maharashtra, launched its IPO of Rs 243 crore. The IPO received 45% subscription on Day 1. Grey market premium indicates strong demand. The IPO includes fresh issue and offer for sale. Funds will be used for debt repayment and working capital. The company operates 43 outlets with a wide product range. Patel Retail, a Maharashtra-based supermarket chain operator, opened its Initial Public Offering (IPO) worth Rs 243 crore on August 19. Within the first ...Read More >
(Reuters) -U.S. stock index futures slipped on Thursday, as investors stepped to the sidelines and awaited an earnings report from big-box retailer Walmart and clues on the Federal Reserve's next policy move from a three-day conference in Jackson Hole. A sharp decline in technology stocks such as Nvidia, AMD, Palantir and Meta earlier this week signaled investor fears that the stocks, which have soared since April lows, are now overvalued, while Washington's growing interference in the sector h ...Read More >
New Delhi [India], August 21: With its glittering launch on August 2, 2025, City of Dreams Sri Lanka redefines luxury tourism in South Asia. This resort not only transforms Colombo skyline but also sets a new benchmark in hospitality, entertainment, and economic promise. Colombo witnessed a historic moment with the launch of City of Dreams Sri Lanka, a landmark development poised to reshape South Asian travel and tourism. Backed by a $1.2 billion investment and a decade of planning the luxury r ...Read More >
New Delhi, Aug 21 (PTI) The initial share sale of Patel Retail Ltd was subscribed 95.70 times as the three-day IPO drew to a close on Thursday. The Rs 242.76-crore initial public offer received bids for 74,79,89,402 shares against 78,15,612 shares on offer, according to data available with the NSE. Qualified institutional buyers (QIBs) received a whopping 272.43 times subscription, while the quota for non-institutional investors got subscribed 108.17 times. The retail individual investors (RII ...Read More >
New Delhi, Aug 21 (PTI) Solar module maker Vikram Solar's initial public offer garnered 54.63 times subscription on the last day of bidding on Thursday. The IPO received bids for 2,47,81,57,740 shares against 4,53,61,650 shares on offer, as per NSE data. The portion for Qualified Institutional Buyers (QIBs) fetched a huge 142.79 times subscription. Non Institutional Investors' part received 50.90 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 7.65 time ...Read More >
New Delhi, Aug 20 (PTI) The initial public offer of transformer components manufacturer Mangal Electrical Industries Ltd received 54 per cent subscription on the first day of bidding on Wednesday. The initial share sale got bids for 28,43,542 shares against 52,53,301 shares on offer, as per NSE data. The category for non-institutional investors fetched 72 per cent subscription, while the portion for Retail Individual Investors (RIIs) attracted 70 per cent subscription. The Qualified Institutio ...Read More >
New Delhi, Aug 14 (PTI) The initial public offer of Regaal Resources Ltd, a maize-based speciality product manufacturer, got subscribed a huge 159.88 times on the closing day of bidding on Thursday, driven by heavy investors demand. The Rs 306-crore initial public offer (IPO) received bids for 3,35,73,63,312 shares against 2,09,99,664 shares on offer, as per NSE data. The quota for non institutional investors received 356.73 times subscription, while the category for Qualified Institutional Bu ...Read More >
New Delhi [India], August 14: OPPO India's recently launched K13 Turbo Pro 5G, India's first smartphone with a cooling fan, goes on sale tomorrow i.e. 15 August 2025, across Flipkart, OPPO India E-store and mainline retail stores. Built for Indian gamers and power users, it combines OPPO's self-developed Storm Engine cooling technology with a flagship-grade processor, a massive 7000mAh battery, 80W SuperVOOCTM fast charging, and a 1.5K AMOLED flat display to deliver next-gen performance, sustain ...Read More >
VMPL New Delhi [India], August 14: OPPO India's recently launched K13 Turbo Pro 5G, India's first smartphone with a cooling fan, goes on sale tomorrow i.e. 15 August 2025, across Flipkart, OPPO India E-store and mainline retail stores. Built for Indian gamers and power users, it combines OPPO's self-developed Storm Engine cooling technology with a flagship-grade processor, a massive 7000mAh battery, 80W SuperVOOCTM fast charging, and a 1.5K AMOLED flat display to deliver next-gen performance, s ...Read More >
New Delhi [India], August 14: OPPO India recently launched K13 Turbo Pro 5G, India first smartphone with a cooling fan, goes on sale tomorrow i.e. 15 August 2025, across and mainline retail stores. Built for Indian gamers and power users, it combines OPPO self-developed Storm Engine cooling technology with a flagship-grade processor, a massive 7000mAh battery, 80W SuperVOOCTM fast charging, and a 1.5K AMOLED flat display to deliver next-gen performance, sustained thermal controls, and an immers ...Read More >
India's wholesale inflation fell to -0.58% in July from -0.13% in June, marking a continued disinflationary trend, helped by a strong spring harvest despite uneven monsoons. Retail inflation also cooled to 1.55%, an 8-year low, falling below the RBI's 2-6% target band for the first time in over six years. India's wholesale inflation edged down to -0.58% in July from -0.13% in June, as per government data released on Thursday. A Reuters poll of economists had projected wholesale price index (WP ...Read More >
IKEA India anticipates significant growth in the next three decades, driven by India's economic expansion and a burgeoning young consumer base. The company is expanding its omnichannel strategy with city stores and aims to increase local sourcing to 50% in five years. Swedish home décor and furniture giant IKEA expects India to deliver sustained growth over the next 30 years, buoyed by the country's strong economic trajectory, young population and expanding base of consumption-driven families. ...Read More >
Adani Digital Labs (ADL), the technology arm of Adani Airport Holdings Limited (AAHL), on Wednesday announced a series of transformative initiatives aimed at redefining the travel and airport experience for passengers across Adani-managed airports in India. The strategic moves enhance convenience, comfort, and engagement at Adani Airports, solidifying its position as a leader in digital innovation within the aviation sector. "The new ADL aims to infuse energy, diverse ideas, and unparalleled e ...Read More >
New Delhi, Aug 8 (PTI) The Centre on Friday announced the subsidised retail sale price of tomatoes in the range of Rs 47-60 per kg in the national capital through the National Cooperative Consumers' Federation of India (NCCF), to provide relief to buyers. The NCCF, which has been procuring tomatoes from Azadpur mandi since August 4, is retailing them with minimal margins, the consumer affairs ministry said. "To date, NCCF has sold 27,307 kilograms of tomatoes at retail prices ranging from Rs 4 ...Read More >
New Delhi [India] August 4 (ANI): The shareholding landscape of India Inc. witnessed a significant shift in the June 2025 quarter, with private promoter ownership plunging to an 8-year low while Domestic Institutional Investors (DIIs) surged to an all-time high, according to Primeinfobase, a division of PRIME Database Group. Private promoter holding in NSE-listed companies fell to 40.58 per cent as on June 30, 2025, down from 40.81 per cent in the previous quarter. This marks the lowest level s ...Read More >
Mumbai, Aug 3: The Reserve Bank of India is expected to maintain the key short-term lending rate, or repo rate, at 5.5% in its upcoming monetary policy review on Wednesday, despite economic headwinds and persistent uncertainty over US tariffs. According to leading economists, the central bank may opt for a wait-and-watch approach after having already delivered three consecutive rate cuts totalling 100 basis points. The Monetary Policy Committee (MPC), chaired by RBI Governor Sanjay Malhotra, wi ...Read More >
New Delhi [India], July 20 (ANI): India has emerged as the global leader in fast payments, according to a recent note by the International Monetary Fund titled Growing Retail Digital Payments: The Value of Interoperability. At the heart of this transformation is the Unified Payments Interface, better known as UPI. Launched in 2016 by the National Payments Corporation of India, UPI has changed how people send and receive money in the country. It brings all your bank accounts together in one mob ...Read More >
New Delhi [India], July 20 (ANI): Congress MP Renuka Chowdhury on Sunday expressed concern over the government inaction in bringing to justice the terrorists behind the April 22 Pahalgam attack, which killed 26 civilians, including a Nepali citizen. As the Parliament Monsoon session begins, Chowdhury stated that the INDIA bloc will raise this issue, demanding answers from the government. Speaking to ANI, Chowdhury said, The Parliament session is starting, so we have reached Delhi. We have not ...Read More >
New Delhi: Mukesh Ambani-led Reliance Industries Limited (RIL) has announced its results for the first quarter of the financial year 2025-26 (Q1 FY26). Reliance posted a record EBITDA of Rs 58,024 crore and also earned a net profit of Rs 30,783 crore. Today, Reliance Industries has a presence across diverse sectors, but it has traditionally been known for its oil, gas, and petrochemical businesses. It is important to note that the first quarter results show that the company's revenue model is ev ...Read More >
Lucknow, Jul 19 (PTI) The Uttar Pradesh Police on Saturday said they have busted a large-scale illegal religious conversion racket and arrested 10 people from six states. The probe began in Agra in March after two sisters -- aged 33 and 18 -- were reported missing. Investigations revealed that they were allegedly coerced into religious conversion and were undergoing radicalization, the police said. One of the sisters had also put a picture of a girl holding an AK 47 rifle as her profile pictur ...Read More >
MUMBAI: Stable asset quality and a spike in other income boosted the June quarter net income of Yes Bank by 59.4 percent year-on-year to Rs 801 crore. This is the bank's highest quarterly profit since its reconstruction in March 2020. The management led by chief executive Prashant Kumar attributed the rise net profit to strong growth in non-interest income, improved cost efficiency, and stable asset quality. Net interest income for the quarter rose 5.7 percent to Rs 2,371.5 crore, aided by an ...Read More >
July 17 (Reuters) - Futures tracking the Nasdaq and the S&P 500 rose on Thursday, as strong results from Taiwan's TSMC boosted chipmakers after a rollercoaster session marked by concerns about the Federal Reserve's independence. At 5:45 a.m. ET, Dow E-minis were down 24 points, or 0.05%, S&P 500 E-minis were up 5.75 points, or 0.1%, and Nasdaq 100 E-minis were up 41.25 points, or 0.18%. U.S. chipmakers rose in premarket trading after TSMC (2330.TW), opens new tab, the world's main producer of ...Read More >
Hyderabad, July 18 (SocialNews.XYZ) Telangana Chief Minister A. Revanth Reddy on Friday urged his Andhra Pradesh counterpart, N. Chandrababu Naidu, not to obstruct Telangana's irrigation projects He appealed to the neighbouring state not to obstruct Telangana's crucial irrigation initiatives, including the Palamuru-Rangareddy Lift Irrigation Scheme, as well as the Dindi, Kalwakurthy, Bheema, Nettempadu, and Koilsagar projects. "We demand Andhra Pradesh not to block our projects. We seek cooper ...Read More >
MUMBAI: Reliance Retail has acquired home appliances brand Kelvinator for India from Sweden's Electrolux as it looks to expand market share in the consumer durables space, stepping up competition against global and local giants such as Samsung and Tata's Voltas in the market.Reliance Retail has already been holding manufacturing and distribution rights for the brand in India since 2019 through a licensing deal signed with its Swedish owner. The company did not disclose the financial specifics of ...Read More >
NEW DELHI: India's smartphone and electronics industry has raised serious concerns over what it describes as informal but targeted trade restrictions imposed by China. The India Cellular and Electronics Association (ICEA), in a letter to the government, sought swift policy measures to address these unofficial restrictions, which could derail the country's $32 billion export-driven manufacturing ambitions. As per the ICEA letter, India's electronics manufacturing sector remains heavily reliant o ...Read More >
Mumbai (Maharashtra) [India], July 18 (ANI): Reliance Industries Limited on Friday reported its April-June quarter gross Revenue increased by 6.0 per cent year on year to Rs 273,252 crore. Coming to Jio Platforms, a subsidiary, the revenue increased by 18.8 per cent due to strong subscriber growth across mobility and homes, increased consumption and sustained positive momentum in digital services. Also Read | PM Narendra Modi Slams TMC for Shielding Illegal Infiltrators in West Bengal, Vows Co ...Read More >
NEW DELHI: In a renewed effort to put economic pressure on Russia, the European Union on Friday unveiled a fresh package of sanctions, which includes lowering the price cap on Russian crude oil and sanctioning Nayara Energy Ltd, an India-based refinery linked to Russian energy giant Rosneft. This marks the first time the EU has imposed sanctions involving India, a country that has heavily relied on discounted Russian crude since the start of the Russia-Ukraine war in 2022. Nayara Energy Ltd, fo ...Read More >
New Delhi, Jul 18 (PTI) The new Shein India app, selling fast fashion, has crossed 2 million app downloads within six months of re-launch and now has over 20,000 live options, according to the latest earnings report from Reliance Industries. Moreover, Reliance Retail also witnessed a "strong pick up" in its daily orders from its Quick-commerce platform, "with 68 per cent Q-o-Q growth and 175 per cent Y-o-Y growth". Also Read | PM Kisan Samman Nidhi Yojana 20th Installment Date: Eligible Farmer ...Read More >
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