SUNAINA

Bata plans to open 13 more stores of its athleisure brand ‘Power’, bringing the total to 15 by December 2024. The company, which opened its second Exclusive Brand Outlet in Delhi in Q2, will add five more stores in the current quarter. Bata will also expand its apparel range to over 200 stores and continue … Read more

Gujarat Pipavav also known as APM Terminals Pipavav announced a 62% rise in consolidated net profit to Rs 109.67 crore for the June 2024 quarter, up from Rs 67.8 crore last year. Revenue increased by 14% to Rs 245.97 crore, and EBITDA grew 41% to Rs 149.53 crore. Liquid cargo volume surged 31.8% to 345,000 … Read more

State-owned NHPC reported a slight 1% rise in consolidated net profit to Rs 1,108.46 crore for the June 2024 quarter, up from Rs 1,095.38 crore a year earlier. Total income grew to Rs 3,037.92 crore from Rs 3,010.22 crore. The board approved monetizing future cash flow from Dulhasti Power Station or other stations for 8/10 … Read more

The Reserve Bank of India (RBI) is anticipated to keep its key interest rates unchanged in the upcoming policy review, according to HSBC. The RBI may maintain its current stance of ‘withdrawal of accommodation’ while showing increased confidence in achieving its 4% inflation target. HSBC will monitor the RBI’s tone on inflation, changes in growth … Read more

Abbott India reported a 13% year-on-year rise in net profit to Rs 328 crore for the quarter ending June 30, 2024, up from Rs 290 crore in the same period last year. Total income for the quarter increased to Rs 1,625 crore, compared to Rs 1,535 crore in Q1 FY24. The company’s shares ended +1.29% … Read more

Gautam Adani, chairman of the Adani Group, has clarified that he has not set a specific retirement date nor detailed succession plans, contrary to media reports. Adani Enterprises Ltd stated that Adani was misquoted regarding his retirement and the distribution of his family’s trust. Adani emphasized that succession will be a gradual process, not tied … Read more

On Wednesday, Financial Services Secretary Vivek Joshi advised the fintech industry to collaborate closely with banks to create scalable and compliant solutions. Speaking at the FICCI-IBA PICUP Fintech Conference, Joshi highlighted India’s leading fintech adoption rate and urged fintechs to work directly with banks to address their specific challenges. He emphasized the need for a … Read more

Reliance Industries’ latest report reveals India’s retail market is set to exceed USD 1.4 trillion by 2027, becoming the third-largest retail market by 2030. Growth is driven by urbanization, rising incomes, an expanding female workforce, and increased demand for premium products. Reliance Retail, India’s top retailer, achieved over Rs 3 lakh crore in revenue for … Read more

Markets regulator SEBI has ordered Karvy Stock Broking Ltd (KSBL) and its CMD C Parthasarathy to pay Rs 25 crore within 15 days due to misappropriation of client funds. This follows an earlier fine of Rs 21 crore imposed in April 2023 for misusing clients’ Power of Attorney. KSBL and Parthasarathy face penalties of Rs … Read more

ICRA forecasts a 5-6% increase in average sale prices for residential properties in India, driven by a higher focus on luxury home launches. The agency expects the area sold in the top seven cities—Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Pune, Kolkata, and Chennai—to grow by 10-12% to 785-800 million square feet in FY25. Residential sales saw a … Read more