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 ...
GST Collection Update: A Positive Surge The latest data on Goods and Services Tax (GST) collections brings good news for the government and the economy as a whole. A notable increase of 10% has been observed, reflecting healthy economic activity. In August, the total GST collection reached an impressive ₹1.74 lakh crore. This marks a ...
Despite the lack of any reduction in interest rates for nearly a year and a half, and with home loan rates remaining high, the real estate sector in the country is witnessing an unprecedented boom. New housing projects are often oversubscribed even before they are launched. A prime example of this trend is highlighted by ...
India’s trade relations span across the globe, and in recent years, the United States has been particularly beneficial for India. For several years, engaging in trade with the US has proven to be advantageous for India, with the country enjoying its best trade surplus with these nations. According to a recent report from the Global ...
Introduction Founded nearly 98 years ago, Bajaj Group’s subsidiary, Bajaj Housing Finance, is set to launch its Initial Public Offering (IPO) on September 9. The company is planning a massive IPO valued at ₹6,560 crores. According to the company’s Red Herring Prospectus (RHP), the IPO will close on September 11. Institutional investors will have the ...
In August, the enthusiasm of foreign investors in the Indian stock market was not as prevalent as it had been in the previous months. Foreign portfolio investors (FPIs) adopted a cautious approach, investing only ₹7,320 crore in the domestic stock market during this month. The high valuation of shares and the recent increase in interest ...
Last week, the stock market witnessed remarkable performance among the top 10 companies, with telecom giant Bharti Airtel leading the way. The company’s shares surged significantly, allowing it to cross a milestone market capitalization of ₹9 lakh crore for the first time ever. Meanwhile, Tata Consultancy Services (TCS) and Reliance Industries, led by Mukesh Ambani, ...