Posts tagged Rediff
Sensex pares losses, ends 131 points higher (24-06-2024)
Among the 30 Sensex companies, Mahindra and Mahindra, Power Grid, Sun Pharma, Nestle, UltraTech Cement, NTPC, ITC, ICICI Bank, Titan, Bajaj Finserv, Bharti Airtel, and HDFC Bank were among the biggest gainers. IndusInd Bank, Adani Ports, Tata Steel, Reliance Industries, Axis Bank and Bajaj Finance were among the laggards.
ICAI, MCA secretary discuss road map to create big cos (24-06-2024)
The Institute of Chartered Accountants of India (ICAI) has held discussions with ministry of corporate affairs (MCA) secretary Manoj Govil on the 'Aggregation of CA Firms' and the roadmap to create big Indian firms, a press statement by ICAI said.
Wine maker Sula Vineyard eyes double-digit growth (24-06-2024)
Raising toast to 25 successful years, India's largest wine maker Sula Vineyard is eyeing a sustained double-digit growth in revenue over the next five years, buoyed by growth in the premium and elite categories and expansion of its new ranges. It was during Covid that the vineyards shifted focus to its own brands and pivoted towards growing the premium and elite segment of the market.
Over 85% Billionaires Are Upper Castes (24-06-2024)
While other backward classes had a share of 9 per cent, there were no scheduled tribe billionaires.
2nd rights issue: Byju’s moves HC against NCLT order (24-06-2024)
Beleaguered edtech firm Byju's has moved the Karnataka high court challenging the order of the National Company Law Tribunal (NCLT) restraining it from going ahead with the second rights issue. The plea is likely to come up for hearing on Monday. The orders of NCLT were expected to be challenged before the National Company Law Appellate Tribunal (NCLAT).
Short-term margin overhang likely for Tata Comm (24-06-2024)
The management of Tata Communications presented its product-to-platform strategy and explained how it hopes to grow its new products and portfolios, and geographies. The management targets doubling of data revenue by FY27 to ~28,000 crore (implied 18 per cent annual revenue growth). The DPS (Digital Platform and Services) segment is likely to contribute over 60 per cent of data revenue.
Unemployment: Disease Lies In Education (24-06-2024)
In tackling India's unemployment problem, look beyond the finance minister and focus on the education minister, points out Gurbachan Singh.
Macrotech and Oberoi Realty elevate Mumbai skyline (24-06-2024)
Mumbai-based developers Macrotech Developers (Lodha) and Oberoi Realty have emerged as top gainers among largecap realty stocks over the past month, with gains ranging from 29 per cent to 33 per cent. Strong ongoing sales trends in Mumbai's core market, record bookings in the January-March quarter, and healthy guidance for 2024-25 (FY25) have propelled these companies, which derive the majority of their revenues from India's financial capital.
Highway Spending May Rise 10% (24-06-2024)
'With new projects and recently awarded projects kicking in, capital expenditure should only increase going forward.'
458 infra projects hit by Rs 5.71 lakh cr cost overrun (23-06-2024)
As many as 458 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by a cost overrun of more than Rs 5.71 lakh crore in May this year, according to an official report. According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and above, out of 1,817 projects, 458 reported cost overruns and 831 projects were delayed.