The paint industry anticipates a vibrant Q3 amidst changing market dynamics. Amid the soft second quarter two of financial year 2024 (Q2FY23) performance in the paint segment, the players are expecting a positive change in the upcoming quarter three of financial year 2024 (Q3FY24) results fueled by festive season demand. While the market conditions have […]
Hitachi’s Indian arm is aiming to become a major growth engine for the Japanese conglomerate, targeting a USD 20 billion contribution to its parent’s revenue by 2030. This ambitious goal was revealed by Bharat Kaushal, Hitachi India’s managing director, at the World Economic Forum. India’s growing importance as a global hub for component and capital […]
Indian television personality and investor Rannvijay Singh recently made a significant financial gain, achieving a 10 times return on his partial exit from his investment in the burger chain, Burger Singh. Rannvijay Singh’s investment in Burger Singh was part of a larger funding round, which was instrumental in the brand’s growth. Speaking about his investment […]
Wholesale inflation in India, based on the Wholesale Price Index, remained in positive territory for the second month after remaining in the negative zone for the seventh straight month until October. Data released by the Ministry of Commerce and Industry on Monday afternoon showed India’s wholesale inflation in December stood at 0.73 per cent, against […]
Data released on Friday unveils a challenging economic scenario for India as the year concluded, with a simultaneous slowdown in industrial output and a notable spike in inflation. The statistics, revealed by the Ministry of Statistics and Programme Implementation, indicate that industrial output growth plummeted to an eight-month low of 2.4 per cent in November. […]
The Reserve Bank of India (RBI) took stringent measures against Dhanlaxmi Bank, Punjab and Sind Bank, and ESAF Small Finance Bank, imposing monetary penalties for various non-compliances, on 12 January. The penalties were issued based on identified deficiencies in regulatory compliance, emphasising the need for financial institutions to adhere to prescribed guidelines. Dhanlaxmi Bank faced […]
India’s retail inflation rose to 5.69 per cent in December which is marginally higher than 5.5 per cent in the previous month, states data released by the Ministry of Statistics and Programme Implementation (Mospi). It should also be noted that inflation, measured by the Consumer Price Index (CPI) has remained within the Reserve Bank of […]
Oil prices rose 2 per cent on Friday as the United States and Britain carried out air and sea strikes on Houthi military targets in Yemen in response to attacks by the Iran-backed group on shipping in the Red Sea. The attack added to market concerns about the potential impact a broader conflict in the […]
HCLTech has reported strong financial results for the third quarter of the fiscal year 2024. The company’s consolidated net profit witnessed a noteworthy 6 per cent year-on-year (YoY) increase, reaching Rs 4,350 crore for the quarter ending 31 December 2023, compared to Rs 4,096 crore in the corresponding period of the previous year. The consolidated […]
UltraTech Cement has disclosed its decision to acquire a 26 per cent stake in Amplus Ages by investing Rs 49 crore. Amplus Ages is actively involved in the generation and transmission of renewable energy. The Aditya Birla Group firm formalised the agreement through a share subscription and shareholders’ agreement, according to the regulatory filing. The […]
