Rising Trend of Personal Loans in India In recent years, the trend of availing personal loans has significantly increased among consumers in India. A recent report reveals that individuals are borrowing more than ever, resulting in a record high personal loan amount of ₹55.3 lakh crore. This surge can be attributed to the increased reliance ...
The Dabur Group is on a mission to expand its business portfolio, with a keen eye on acquiring a significant stake in Coca-Cola. The Burman family of Dabur and the promoters of Jubilant Group are reportedly prepared to purchase a 40% stake in Hindustan Coca-Cola Beverages (HCCB) for approximately ₹10,800-12,000 crores ($1.3-1.4 billion). This valuation ...
The Indian Railways has decided to run hundreds of special trains in anticipation of various upcoming festivals this year, including Diwali, Durga Puja, Ganesh Chaturthi, Onam, and Chhath Puja. To ease the additional passenger traffic during Durga Puja, Diwali, and Chhath festivals, the Southern Railway has announced that it will operate 100 special trains. Advance ...
Gautam Hari Singhania, the Chairman and Managing Director of Raymond, India’s leading textile and apparel company, recently stated that the company has received a significant number of proposals from global firms following the crisis in neighboring Bangladesh. With the current market dynamics, Singhania expressed that Raymond is well-prepared to seize this opportunity for growth and ...
India is swiftly progressing on the path of development, and the real estate sector plays a significant role in measuring a country’s growth. The demand for real estate is often seen as an indicator of economic health, and this holds true for India as well. During the April-June quarter, 21 major listed real estate companies ...
Gold Rate Today: Today, the prices of gold and silver have shown a slight increase. The rate of 24-carat gold has risen by ₹720, now priced at ₹7390.1 per gram. Meanwhile, the rate for 22-carat gold increased by ₹659, bringing it to ₹6769.4 per gram. Over the last week, the price of 24-carat gold has ...
The real estate sector in India is witnessing a robust growth spurt, with 21 major listed companies in the field reporting impressive sales figures for the April-June quarter. Collectively, these firms have sold properties worth approximately ₹35,000 crores, signaling a strong consumer demand particularly for residential properties, including luxurious homes. Leading the Sales: Godrej Properties ...
The Tata Group, India’s largest business conglomerate, has initiated a strategic move by merging three of its companies into one. Tata Consumer Products Limited (TCP), a prominent player in the fast-moving consumer goods (FMCG) sector that specializes in everyday household items, has received necessary approvals from the National Company Law Tribunal (NCLT) and other regulatory ...
Introduction Reliance Capital Limited (RCAP), burdened under substantial debt, is currently facing challenges regarding its resolution plan. Lenders have raised concerns that Hinduja Group’s subsidiary, IndusInd International Holdings Limited (IIHL), is employing delay tactics to hinder the implementation of the rescue plan. In response, IIHL has firmly rejected these allegations, asserting that they are adhering ...
In India, a recent report addressing the growing concern over electricity consumption has brought some relief. Notably, the electricity consumption in the country recorded a significant downturn in August, dropping by 4.7% year-on-year to 144.21 billion units. This decrease can largely be attributed to unusually heavy rainfall across various regions, leading to a reduced reliance ...