Today's Paper - 14/08/2021+ Print Archive
Real estate: From shelter to sustainable development
Wellness, community living and sustainability will be the key components for new smart homes post-Covid.
INTERVIEW: Covid-19 has shifted focus from materialistic to experiential attainment, says Aditya Kilachand, founder and CEO, Avas Wellness
Speaking to Rishi Ranjan Kala, he pointed out that the project aims to merge traditional and modern concepts of holistic living that are customised to reflect individual tastes and preferences.
India can be global leader in future tech: Tata Sons Chairman N Chandrasekaran
Drawing a parallel with how China grew itself from a 1.2 trillion economy to a 6 trillion economy, registering a six times growth in a matter of 10 years between 2000 and 2010, he said, this was through their focus on a tectonic shift in manufacturing and
Cotton Association of India lowers output estimates for current season
The total supply estimated by the CAI during the period from October 2020 to July 2021 is 482.61 lakh bales. This consists of arrivals of 348.61 lakh bales, imports of 9 lakh bales and the opening stock at the beginning of the season on October 11, 2020 a
Analyst Corner — Zomato: Retain ‘buy’ with slightly higher PT at Rs 175
Following a strong 1Q, we raise FY22-24 revenue estimates by around 10-20%, primarily based on higher GOV (which in turn are based on higher MTUs).
Non-food credit growth falls to 6.2% during fortnight ended July 30
As on July 30, outstanding non-food credit stood at Rs 108.33 lakh crore, showed data released by the RBI. Deposit growth slowed to 9.8% YoY from 10.65% in the previous fortnight. The value of bank deposits was Rs 155.49 lakh crore as on July 30.
Muthoot Finance expects gold loan business to drive bottom line in Q2
“We should be seeing growth in the non-gold business only from the third quarter. Vehicle finance and home loan sector has not picked up so far and is still in difficulty,”George Alexander Muthoot, managing director, Muthoot finance, said.
Videocon resolution: Supreme Court refuses to vacate NCLAT stay on Vedanta takeover bid
Apex court directs appellate tribunal to decide the matter on Sept 7
Key tax refund scheme for garment exporters extended
With this, the government also junked an earlier plan to replace the RoSCTL with the Remission of Duties and Taxes on Exported Products (RoDTEP), which is expected to be operationalised soon.
Divi’s Laboratories rating – Buy: Another strong quarter for the company
Visibility on growth drivers supports long-term outlook; FY22-24e EPS up 2-5%; TP up to Rs 5,465; ‘Buy’ retained
Mahindra & Mahindra rating – Buy: Q1 performance was below expectations
FY22-24e standalone EPS down 1-6%; turnaround in global subsidiaries is a positive; ‘Buy’ retained on inexpensive valuations
Rise in domestic demand: Exports rises 50% in July, imports surge 63%
Of course, as analysts have pointed out, export growth had remained subdued even before the pandemic – outbound shipments rose about 9% in 2018-19 but again shrank by 5% in 2019-20. So only a sustained uptick over the next few years would help India rec
“Will continue providing superior services”: Vodafone Idea CEO Ravinder Takkar reaches out to customers
Takkar thanked the users for their continued support as the company approaches the first anniversary of “Vi” branding. “Vi came with a promise of a better tomorrow, bringing the best in technology, services and solutions for the Digital Indian and D
Puravankara posts net profit of Rs 155 crore in Q1FY22
The real estate developer’s consolidated revenue rose multi-fold to Rs 542 crore in Q1 FY22 against Rs 191 crore in Q1 FY20. Ebitda stood at Rs 386 crore in Q1 FY22 with margins of 71%.
Power Grid Corp to enter smart meter business as govt plans to install 25 crore smart pre-paid meters
As FE recently reported, a sum of Rs 22,500 crore has been earmarked as the central government grant for the installation of 25 crore smart prepaid meters across the country under the Rs 3-lakh-crore scheme for power distribution entities (discoms) recent
NBFCs raise record amount via commercial papers to fund IPOs
The rates was lower than the usual spread of 80-120 basis points due to huge surplus liquidity in the banking system and firm demand from mutual funds. However, some lower-rated companies got a higher rate.
Rising fuel prices: Tamil Nadu announces tax cut of Rs 3 on petrol
The ruling DMK, among other assurances, had promised in the run-up to the April 6 assembly polls that it would reduce prices of petrol and diesel by Rs 5 and Rs 4 respectively. The main opposition AIADMK has been demanding that the DMK fulfil its poll pro
Tamil Nadu’s revised budget pegs FY22 fiscal deficit at 4.3%
“Our primary ambition for this revised budget is to lay the strongest foundation for the full budget for the financial year 2022-23 which the government will present in about six months,” he said.
Bharti Airtel concludes spectrum trading deal with Reliance Jio
The 800 MHz spectrum sold by Bharti had come to it when it acquired Tata Teleservices wireless business. Bharti had sold 3.75 MHz in Andhra Pradesh, 1.25 MHz in Delhi, and 2.50 MHz in Mumbai.
Transporters’ strike holds up operations at Alang ship recycling yard in Gujarat’s Bhavnagar
In the wake of increasing fuel prices, transporters have demanded a hike in transport charges by at least 10%. They have also demanded that the loading charges of Rs 100 per tonne, which are borne by transporters, be waived.
Wockhardt inks deal to produce Sputnik V Covid-19 vaccine in India
The agreement was signed between Wockhardt and Enso Healthcare, part of the Enso Group, which is RDIF's coordination partner for sourcing Sputnik V vaccines in India.
