Despite witnessing significant highs in terms of home sales and rising office occupancies, the real estate sector faced a notable concern in the form of slipping private equity (PE) investments. According to a report by Anarock, PE investments in the sector experienced a 26% decline in the first nine months of FY24, spanning from April […]
Read MoreRoyal Enfield, the renowned Indian motorcycle manufacturer, has introduced its latest addition to the 650cc series in India – the Shotgun 650. Inspired by the Super Meteor 650, the Shotgun 650 brings distinctive design changes to the table, setting it apart from its predecessors. Pricing The Royal Enfield Shotgun 650 comes in three variants – […]
Read MoreRamkrishna Forgings Ltd announced a significant increase in its consolidated net profit for the third quarter, reaching Rs 86.86 crore, marking a 43% rise compared to the same period last year. The company attributed this growth to higher income levels. In the corresponding quarter of the previous fiscal year, the company had reported a net […]
Read MoreHindustan Unilever (HUL), a leading consumer goods company, reported a flat growth in net profit for the December quarter, with a marginal increase of 0.5% to ₹2,519 crore compared to ₹2,505 crore in the same period last year. Sales and Volume Growth Despite a 2% year-on-year growth in volumes during the quarter ending December, HUL […]
Read MoreState-owned Power Finance Corporation (PFC) has entered into an initial agreement with the Gujarat government to provide extensive financial support for the state’s power generation, transmission, and distribution projects. The Memorandum of Understanding (MoU) between Power Finance Corporation and the government of Gujarat was signed on January 3, 2024, as per a statement released by […]
Read MoreIndian high and ultra-high net worth individuals remain unfazed by the 40% surge in property prices since the onset of the pandemic. According to a survey by Sotheby’s, as much as 71% of them are inclined to invest in this asset class over the next 12-24 months. Investment Trends Preference for Property: Despite the rise […]
Read MoreOne97 Communications Limited (OCL), the parent company of Paytm, India’s prominent payments and financial services provider, has announced an investment of Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to develop a global financial ecosystem. This investment comes ahead of the Vibrant Gujarat Global Summit 2024 in Gandhinagar. Investment Details Amount: Paytm plans […]
Read MoreOne97 Communications Limited (OCL), the parent company of India’s prominent payments and financial services provider Paytm, has announced a strategic investment of Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to foster a global financial ecosystem. This investment comes ahead of the ‘Vibrant Gujarat Global Summit 2024’. Investment Details Amount: Paytm plans to […]
Read MorePaytm, India’s leading mobile payments and financial services distribution company, has reported robust financial results for the October-December quarter of FY24, demonstrating significant growth across various segments. Revenue Growth and Financial Performance Revenue Surge: Paytm recorded a remarkable 38% year-on-year (YoY) growth in revenue for Q3FY24, reaching Rs 2,850 crore. EBITDA Improvement: The company’s EBITDA […]
Read MoreIn December, domestic passenger vehicle wholesales in India witnessed a 4% increase, totaling 2,86,390 units, according to the latest report by the Society of Indian Automobile Manufacturers (SIAM). This growth is compared to the dispatches of passenger vehicles from manufacturers to dealers, which amounted to 2,75,352 units in December 2022. Growth Across Vehicle Segments Two-Wheelers: […]
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