Thermax's net profit increased by 39% in the June quarter, despite a decline in revenues due to customer clearance delays and execution challenges. However, Ebitda margins improved and order bookings rose by 7%. The chemicals business also saw a decline, but new investments are expected to improve it.
PL Capital, headed by Amisha Vora, specializes in quant-based and smart beta strategies. Their AQUA PMS has shown strong returns and they are now launching a mutual fund with a focus on high-performing products. Vora's top sectors and stocks are in line with India's growth drivers. Changes in regulations have affected trading opportunities.
Sunteck Realty, a Mumbai-based company, has launched its luxury residential brand, Emaance, with properties priced at Rs 2.5 lakh per square feet. The brand will include two properties in Napeansea Road and Downtown Dubai, with a total value of Rs 20,000 crore. This highlights the increasing demand for luxury properties in Mumbai, with sales reaching over Rs 14,750.
Saffronart, India's leading auction house, made history with a record-breaking sale of Rs 355.77 crore ($40.2 million) at its 25th anniversary evening sale in New Delhi. The white glove sale saw all 85 lots sold and attracted unprecedented interest from global collectors.
BITS Pilani has made impressive progress in the latest NIRF rankings, moving up from 23 to 16 in the overall rankings and entering the top-10 universities for the first time at 7th place. Its emphasis on academic and research excellence, along with improvements in faculty and research productivity, has led to this achievement. However, there is still room for improvement.
Banks are increasing loan rates to protect their margins amidst rising interest rates, resulting in a slowdown in credit disbursement. While lending rates on outstanding loans have decreased, fresh loans have seen a reversal, with private lenders being more aggressive in repricing.
Automakers are focusing on the compact and mini electric car segment to replicate Maruti Suzuki's success. The sub-four-meter category has been overlooked, but Hyundai and Mahindra are entering with localized platforms. Tata and new players are also eyeing the sub-Rs 10 lakh price point. The Indian EV market is predicted to grow quickly.
Murugappa Group's TI Clean Mobility is aiming to become a top player in India's medium and heavy commercial vehicle market and reach $1 billion in revenue by 2030. To achieve this, the company plans to launch new products, expand into battery swapping, and target a wider industrial client base. They have already launched a 55-tonne electric tractor-trailer and opened a battery assembly plant.
D2C brands are preparing for the festive season by optimizing their supply chains and providing fast delivery options to meet the rise in demand. They are also introducing festive collections and limited-time deals to entice customers. The recent GST reduction on apparel is predicted to increase sales, and brands are utilizing logistics startups to guarantee efficient and prompt deliveries.
September saw a surge in IPOs, with 65 companies aiming to raise up to Rs 69,532.91 crore in the first half of this fiscal year, a 35% increase from last year. Smaller companies led the way, but upcoming IPOs from bigger and newer companies in October and November will be crucial. Experts recommend caution for retail investors.
boAt, a direct-to-consumer brand, is gearing up for the festive season by investing in inventory management, AI-enabled customer engagement, and collaborations with regional influencers. They expect a steady double-digit sales growth, with a surge expected during Diwali. They are also planning industry-first launches and offering discounts to give consumers the best value.
Diwali sees a surge in new car purchases, but choosing the right insurance is crucial. To make an informed decision, consider transferring your NCB, comparing policies online, opting for usage-based insurance, assessing add-ons, and maintaining comprehensive coverage. Reading the fine print is important to avoid unexpected expenses or claim rejections in the future.
State governments' capital expenditure is projected to rise by 14% in the first five months of the current financial year, a significant decrease from the previous year's 30% growth. A study of 19 states' finances revealed a rise in capex to Rs 1.98 lakh crore, along with a 24% increase in borrowings and moderate tax revenue growth.
The demand for Rudraksha in Switzerland has grown exponentially, leading to a significant increase in exports from India. This has created new opportunities for farmers and traders in Uttarakhand, thanks to the rising wellness and mindfulness movement in Switzerland.
The fourth World Food India witnessed investments of over Rs 1 lakh crore from 26 companies, including Coca-Cola, Nestle, and Tata Consumer Products. These investments will create 64,000 direct jobs and over 1 million employment opportunities. The government's policies to boost growth, such as allowing 100% FDI, have been implemented.
Bobby Deol, the 90s heartthrob, was closely guarded by his parents after a childhood trauma. Despite this, he got to witness his father's fame and admiration on set. However, his sheltered upbringing resulted in a lack of independence and social skills due to strict restrictions at home.
According to a survey by LocalCircles, the pass-through of revised GST rates on products remains slow and uneven a week after implementation. Only 1 in 10 consumers received full benefits on packaged food and medicines, while 7 in 10 received it on vehicles. The survey received over 78,000 responses from 27,000 consumers in 332 districts, with 66% men and 34% women participating.
The recent GST rate reduction in ice-creams has brought about a 13% decrease in tax rates, making them more affordable for consumers. This has led to a shift from unorganised to organised players in the market, resulting in a potential 10-15% growth per annum. Market leaders like Amul and HUL are expanding their reach to capture this surge in demand.
Anshul Gupta, a Dehradun boy, pursued finance despite aiming for a stable job to improve his family's finances. After completing CFA and FRM, he joined Deutsche Bank and later co-founded Wint Wealth with a team of four, offering retail investors access to corporate bonds. Backed by Zerodha, the platform aims to make investing in corporate bonds more accessible to the public.
OnePlus has once again impressed with its budget-friendly Nord Buds 3r, offering comfort, design, and features for long-term use. With a bass-heavy sound profile, dual microphones, and AI Clear Calls algorithm, they provide crystal-clear calls and powerful audio. The 54 hours of battery life and fast charging add to their appeal, making them a top pick for their modest price tag.
"Indian Railways has approved a new super fast train between Bengaluru and Mumbai, fulfilling the 30-year-long demand of the people. Currently, only one super fast train, Udyan Express, runs between the two cities. The increase in lane capacity at both stations has made it possible for more trains to run, said Bengaluru South MP Tejasvi Surya and Railway Minister Ashwini Vaishnaw.
Samsung's Galaxy A17 offers a blend of affordability and advanced features, including a 6.7-inch Full HD+ Super AMOLED display, 5G connectivity, AI capabilities, and a 5000mAh battery with 25W fast charging. Its slim and sturdy design, along with Corning Gorilla Glass Victus and an IP54 rating, make it durable. The phone also boasts a 50MP main camera with OIS, on-device AI features, and a
The BPS industry is shifting towards augmented intelligence, with AI playing a crucial role in decision-making and predicting outcomes. BPS partners must offer proactive solutions and have a skilled workforce to succeed. Embracing these changes will lead to industry leadership, while ignoring them will result in falling behind.
ASHABot is an AI-powered chatbot created by Khushi Baby, using Microsoft Research's open-source technology. It offers medical guidance to rural healthcare workers, preventing complications. Available in Hindi, Hinglish, and English, it sources information from government databases. It also provides a safe platform for ASHA workers to ask sensitive questions and plans to expand its reach in India.
India is struggling to attract investments from Big Oil due to stagnant hydrocarbon production and high import reliance. However, the country is now turning towards advanced technology to boost production and exploration. Policy hurdles and fiscal uncertainties are impeding this progress, and the industry is proposing contract extensions and revised incentives for mature fields.
The Pradhan Mantri Fasal Bima Yojana, a subsidized insurance scheme for farmers, is facing delays in claim settlements, hindering reinvestment. To improve the scheme's success, the study suggests involving all stakeholders in transparent and timely loss assessment, expanding coverage to include more crops and risks, and promoting competition among insurance providers.
NFRA to commence annual inspection of large audit firms, including Big Four, from October-end with focus on RPT disclosures and non-audit services. Regulator to ask for more disclosures and investigate possible violations. Section 144 of Companies Act restricts non-audit services to maintain independence. Persistent lapses found in previous inspections, but Big Four have taken corrective steps.
Harjit Kaur, a 73-year-old woman who had been living in the US for 30 years, was deported to India recently has admitted to entering the country illegally and falsely claiming asylum. Her lawyer reported inhumane treatment during detention and deportation, leading to protests. ICE stated that she had exhausted all legal options and will not use more tax dollars.
The NSE has requested permission for self-listing alongside its upcoming listing on the BSE, sparking concerns about conflict of interest and market integrity. Despite this, the NSE believes it will boost trading activity. This is not the first time the NSE has tried self-listing, and other major exchanges worldwide have also listed on their own platforms.
Ed Sheeran, known for his diverse set of skills, revealed his long-desired fitness goal of having six-pack abs in a recent discussion with Andy Cohen. The singer's fitness inspiration came from last year when he realized he had put on weight. Despite occasional indulgences, Sheeran is now in the best shape of his life after quitting smoking and focusing on running.
Dussehra 2025, also known as Vijayadashami, marks the end of the nine holy days of Navratri and celebrates the victory of good over evil. It falls on October 2 and coincides with the birth anniversary of Mahatma Gandhi. Various rituals and festivities are observed, including burning effigies of Ravan. This day also marks the beginning of Diwali preparations and is a public holiday
A handful of immigrant billionaires got their start in the US with the help of a visa designed to attract highly skilled talent. As the Trump administration tightens its rules around H-1B visas by slapping a hefty $1,000,000 annual fee on employers, there’s a long list of immigrants who boosted the US economy.
The United Nations has reinstated sanctions on Iran for its nuclear program, following a 30-day countdown triggered by France, Germany, and the UK declaring Iran's non-compliance with the 2015 nuclear deal. The "snapback" sanctions, which freeze assets and halt arms deals, were veto-proof at the UN Security Council. The US and Israel have also taken recent actions against Iran.
The town under curfew for fifth day, first relaxed for four hours on Saturday, peacefully. Four killed, 50 arrested for rioting. Sonam Wangchuk detained under National Security Act. Lt Governor to decide on relaxation of restrictions. Mobile internet services suspended, prohibitory orders in place. Last rites of two slain to take place today.
Larry Ellison, the co-founder of Oracle, briefly became the richest man on Earth, surpassing Elon Musk. Known for his youthful appearance at 80, Ellison follows a strict diet and intense workout routine. Rumors of him undergoing plastic surgery were debunked, with sources revealing his healthy lifestyle choices.
India and Pakistan are gearing up for a highly anticipated Asia Cup final, with India's Abhishek Sharma poised to break a record set by Virat Kohli. Fans in India are fervently praying for their team's victory, with special rituals and art creations being performed. India is the favourite to win the T20I tournament.
President Trump took to Truth Social to say he’s sending federal troops to “war-ravaged Portland” to protect ICE facilities from “domestic terrorists.” This deployment is the latest in Trump’s expanding troop presence in US cities as part of a broader push against illegal immigration.
Maruti Suzuki's new SUV, the Victoris, is taking on Hyundai's Creta, the segment leader for 10 years. Maruti plans to dominate the SUV category with a dual approach. While its Grand Vitara has lagged behind Creta, experts believe the Victoris could bridge the gap. But, Hyundai's turbo engines pose a challenge.
The stock market this week will be affected by the RBI's interest rate decision, global trends, and foreign investors' trading activity. Investors will also monitor macroeconomic data and the impact of US-India trade relations and upcoming RBI policy on market sentiment. The market will be closed on Thursday for Dussehra and Mahatma Gandhi Jayanti. Last week, the market saw significant changes.
Gaganpreet Makkad, accused in the BMW accident that killed a senior Finance Ministry official, has been granted bail. CCTV footage showed the accident was due to "rash/negligent" driving. It also shows that the car did not ram into the vehicle. The court emphasised bail as the norm and jail as the exception while granting Makkad relief.
Two patients are critical and on ventilator support after a stampede at a Tamilaga Vettri Kazhagam rally in Karur, where 39 people were killed. The state's Director of Medical Education has assured that postmortems and handover of bodies will be completed by Sunday noon, with the government providing accommodation, food, and other necessities.
Abhishek Sharma, India's rising opener, is on the brink of breaking T20I records held by Rohit Sharma, Virat Kohli, and Mohammed Rizwan. His stellar performance in IPL and Asia Cup has cemented his position as a crucial player for India. Just 11 runs shy of surpassing Kohli's record and 23 runs away from breaking Phil Salt's record, Abhishek is set to make history.
In 2025, Delhi's famous Ramlila tradition continues with the most well-known performances in Old Delhi, attended by thousands of people every night. However, for those looking for a different experience, there are lesser-known Ramlilas that offer unique themes, eco-friendly practice and even a women-led production. These Ramlilas are a must-see for Dussehra
Pankaj Gupta, CFO of Marcellus Investment Managers, has been accused by Mumbai Police of embezzling Rs 1.18 crore through unauthorised transactions. CEO Saurabh Mukherjea assured that client funds were not affected and the transactions were limited to corporate credit accounts. The issue was discovered during an audit, and Gupta is alleged to have conducted over 30 questionable transactions.
The British government will provide a 1.5 billion pound loan guarantee to support Jaguar Land Rover's supply chain after a cyberattack shut down production for nearly a month. The carmaker, owned by India's Tata Motors, sustains many jobs in the UK and the loan is expected to unlock 1.5 billion pounds of support for its suppliers.
Neha Arora founded Planet Abled in 2016 to provide barrier-free travel for people with disabilities and seniors in Gurugram. As India's elderly population is expected to grow by 2031, the absence of accessible tourism is a major concern. Despite tourism's recovery, accessibility remains inconsistent and lack of reliable information compounds the issue.
BJP intensifies preparations for Bihar Assembly elections by appointing 45 "special" leaders from different states to oversee election management. High-level strategy meeting held in Patna, attended by top leaders including Union Home Minister Amit Shah. The "Special 45" includes leaders from various states and will focus on activating local cadres.
The UN has imposed sanctions on Iran for its nuclear program, leading to economic struggles and skyrocketing food prices. Fear and anxiety are growing among the Iranian people as tensions with Israel and the US rise. Iran has also withdrawn from monitoring and continues to stockpile enriched uranium, raising concerns about nuclear weapons.
Russian Foreign Minister Sergei Lavrov warned the West of a "decisive response" to any aggression against Moscow, citing recent airspace incursions and accusations of militaristic rhetoric from Germany. He also expressed concern over a US naval build-up near Venezuela and urged caution regarding a proposed draft UN resolution that could potentially justify an attack on the country.
Speaking at the 80th session of the United Nations General Assembly (UNGA), Russian Foreign Minister Sergey Lavrov claimed that the economic partnership between India and Russia is "not under threat" despite US tariffs on India for purchasing Russian oil.
President Trump has sent the U.S. military to Portland, Oregon to safeguard federal immigration facilities from "domestic terrorists." However, city officials dispute the necessity of troops and accuse Trump of inciting conflict. Despite a decrease in violent crime, Trump persists in targeting crime and immigration.