After lagging behind benchmarks and broader indices over the past five years, real estate investment trusts (Reits) have outperformed them since the start of 2024. The four listed Reits have posted an average return of 16 per cent year-to-date, compared to 9.9 per cent for the S and P BSE Sensex and 11 per cent for the National Stock Exchange Nifty.
Posts tagged Rediff
Maruti Suzuki PV production down 16% Y-o-Y in Oct (04-11-2024)
Car market leader Maruti Suzuki India cut production of its passenger cars by 16 per cent last month but increased those of utility vehicles by 33 per cent compared to October 2023, according to a regulatory filing by the company. Its passenger cars production stood at 89,174 units last month against 1,06,190 units in October 2023, down 16 per cent, Maruti Suzuki India said in the filing.
Nearly 98% of Rs 2000 notes have been returned (04-11-2024)
The Reserve Bank of India (RBI) on Monday said 98.04 per cent of the Rs 2000 banknotes have been returned to the banking system, and only Rs 6,970 crore worth such notes are still with the public. On May 19, 2023, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation.
Swiggy projects quick commerce as the future (04-11-2024)
On the cusp of launching its Rs 11,327 crore initial public offering (IPO) next week, food and grocery delivery major Swiggy believes quick commerce to be its future growth engine and anticipates that it will outpace its core food delivery business over the next five years. Currently, the quick commerce business of Swiggy – backed by Prosus and SoftBank – is 40 per cent of the size of its food delivery revenues.
Toyota’s 1st e-SUV to roll out from Maruti’s stable (04-11-2024)
After a successful tie up in traditional ICE and strong hybrid models, Suzuki and Toyota are now set to take their partnership to the next level: the electric vehicle segment. Both the Japanese auto giants recently announced a plan to produce Suzuki eVX-based SUV which will be sold under Toyota brand across the globe. This electric SUV, bearing Toyota’s logo, will go for production at Suzuki Motor Group (SMG) facility in Hansalpur, Gujarat beginning the spring of 2025, marking the first EV launch for both companies in India.
Smartphone market value surges 12% in Q3CY24 (04-11-2024)
India’s smartphone market grew by three per cent year-on-year (Y-o-Y) in volume in the third quarter (Q3) of calendar year 2024, while its value surged by 12 per cent Y-o-Y to reach an all-time record for a single quarter, according to a report by research firm Counterpoint. The value growth was driven by an ongoing premiumisation trend, while the increase in volume was driven by an earlier onset of the festival season compared to the previous year.
Manufacturing sector regains growth momentum in Oct (04-11-2024)
India’s manufacturing sector growth recovered from September’s eight-month low to 57.5 in October fuelled by faster increases in total new orders and international sales, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose from September’s eight-month low of 56.5 to 57.5 in October, indicating a substantial and accelerated improvement in operating conditions.
Vistara-Air India merger: How these brands will blend (04-11-2024)
In about a fortnight, Vistara – known for its premium service – will take off on its final flight before merging into the legacy of Air India. Set for November 12, the merger has sparked discussions on how these two distinct brands will blend.
Employee Grievances Rise In Top Firms (04-11-2024)
Data collated for 47 BSE50 companies (as of H1FY25) shows employees and workers filed 8,468 such complaints in FY24.
What Does RBI Want To Discuss With Private Banks? (04-11-2024)
Senior bankers anticipate discussions on issues related to technology, cyber security, and customer protection.