Co-working spaces provider WeWork India is aiming for a revenue growth of over 20 per cent for the coming years, even as its initial public offering (IPO) with only an offer for sale (OFS) component gets valued at Rs 3,000 crore at the top of the price band. The IPO opens on October 3, a newspaper advertisement said.
The Securities and Exchange Board of India (Sebi), in a circular dated April 11, 2025, warned investors about rising fraud and manipulation linked to the securities market on social media platforms.
Health insurance claims are often denied due to exclusions in policy terms. Buyers frequently overlook the fine print or misinterpret clauses.
ABB reported a weak quarter. Revenue was at Rs 2,910 crore, up only 5 per cent year-on-year (Y-o-Y), with operating profit at Rs 540 crore, up 23 per cent and net profit at Rs 440 crore.
The Reserve Bank of India's (RBI's) caution on inflation, highlighted during the recent monetary policy meeting, may put investors' faith in fast moving consumer goods (FMCG) stocks to test, analysts said. They, however, believe FMCG stocks may ride through this near-term investor anxiety as related companies are, typically, well-equipped to handle inflation due to their pricing power and steady demand for essential goods.
Automobile retail sales increased 9 per cent year-on-year in June quarter FY25 with all segments, barring tractors, reporting growth, dealers' body FADA said on Monday. Overall retail sales rose to 61,91,225 units in the April-June period from 56,59,060 units in the same quarter of FY24. Passenger vehicle retails increased 2.53 per cent to 920,047 units as against 897,361 units a year ago.
Voltas saw strong growth in both UCP (Unitary Cooling product) and EMPS (electro mechanical projects) segments.
The fast-moving consumer goods (FMCG) sector has underperformed the Nifty over the past year as its 20 per cent return is trumped by 29 per cent of the benchmark index. The FMCG index saw a 2.2 per cent drop in the last session, while the Nifty lost 1 per cent. FMCG is seen as a defensive segment. The demand for staples like personal care products, groceries and snacks tend to be stable. FMCG companies are consistent dividend-payers.
Co-lending deals between non-banking financial companies (NBFCs) and banks are likely to rise after the Reserve Bank of India's (RBI's) decision to increase the risk weight on consumer credit, industry leaders and experts say. Smaller NBFCs, they add, may increasingly opt for co-lending as capital markets could become costlier for them. "Smaller NBFCs will be more comfortable with co-lending because they are geography-specific in terms of industry or customers.
According to several media reports, the shooting took place at a Jehova's Witness center on the Deelboge street.
General Motors Corporation, the world's biggest automaker, has identified countries in the Asia-Pacific, including India, as one of its future growth markets.
The 187th Oktoberfest got underway in Munich, Germany, on September 17 with more cheer than ever after two years of cancellation courtesy COVID-19.
Union Minister of Commerce and Textiles Piyush Goyal has stirred up a hornet's nest by taking on India Inc, specifically the Tata group, which is among the companies that lobbied against the Modi government's pro-consumer draft e-commerce policies. While Goyal's comments, made at a Confederation of Indian Industry (CII) event, were streamed live on YouTube, the industry lobbying body later edited the video and subsequently withdrew the entire speech. Goyal had said the Tata group and other Indian companies often lobbied for their interest, while ignoring national interest.
On Thursday, December 2, Germany bid an official farewell to its first lady chancellor who has led the country with intelligence and grace through turbulent times.
Mukesh Ambani's Reliance group has struck acquisition deals worth $4.2 billion with a dozen companies in just two years to expand its retail business. The latest purchase was of a majority stake in Justdial for Rs 3,497 crore. Elaborating on his acquisition strategy a few weeks ago during the AGM, Ambani stated that one of the key planks would be to acquire businesses that enhanced Reliance's offerings and experiences to customers and that they would be both physical and digital.
On November 12, 2021, the Reserve Bank of India (RBI) decided to ring in uniformity in asset classification and income recognition across all lending institutions. Shadow banks, or non-banking financial companies (NBFCs), like commercial banks, are to test non-performing assets (NPAs) on a daily basis and upgrade them to "standard assets" only when interest and principal arrears are settled by borrowers. This is going to create all manner of headaches for shadow banks and their clientele. Says Y S Chakravarti, managing director and chief executive officer (CEO), Shriram City Union Finance: "NPA levels will go up, especially of small borrowers.
Justice Rekha Palli noted that while the rules mandated appointment of a key managerial person or a senior employee as CCO, Twitter disclosed in its affidavit that it had appointed a 'contingent worker' through a third party contractor.
Govt has taken corrective steps to revitalise investor enthusiasm, spur growth, and tame spending.
Boeing 737 MAX planes were globally grounded in March 2019, after two of these crashed within five months, raising safety concerns.
Australia captain Michael Clarke is licking his lips at the prospect of seeing how much damage his confident pace attack can wreak on a teetering England when the teams clash in the third Ashes Test in Perth.
The revenues of the top 5 India-based IT services providers worldwide rose by over 13 per cent to $34.3 billion (around Rs 1,900 crore) last year from $30.3 billion in 2011.
The debate boils down to what path India should take in coming years as slower growth puts further poverty reduction at risk in the world's second-most populous nation.
Bengal minister says Mamata's pullout from UPA will not hit capital flow.
The Isak-Muivah and Khaplang groups of the National Socialist Council of Nagaland have rejected the ban imposed by the Ceasefire Monitoring Group on the movement of their cadres with arms and ammunitions till the February 23 election is over in the state.
The Gujarat chief minister, who held his sway over a gathering in Bangalore, asked the people to give the BJP government in Karnataka another chance. Vicky Nanajappa reports
The US has termed as "watershed" and "courageous" the Indian government's decision to allow FDI in multi-brand retail, saying that the new reforms will send out the "right message" to global investors.
The move could be aimed at increasing penetration in emerging markets.
Interview with Britannia's MD on how she proposes to steer the company.
The 78-year old British economist tells Business Standard about his research that the so-called 'zero tax' is not the most efficient at least when it comes to happiness.
Notwithstanding the PM's feeble defence, the reforms announced so far are not enough to deal with India's pressing problems.
The sample, however, is still small as it includes only six of the 30 Sensex companies - Infosys, Reliance Industries, HDFC Bank, TCS, ITC and Bajaj Auto - that have declared results so far.
Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed up against any regulatory issues. Officials at the ministry of electronics and information technology and at other regulators are happy they do not have to meddle in who among the Tata group, Reliance Industries Ltd, Flipkart or Paytm will manage to build an app that sweeps in customers. Unlike separate apps a customer uses on her mobile to order groceries, buy food or airline tickets or just make payments, a super app can perform all these functions.
The United States believes India has the required institutional capacity to become a global power and sees a growing strategic convergence between the two nations, a top administration official has said ahead of next week's India-US strategic dialogue.
Images from the Champions League matches played across Europe on Tuesday.
Facebook chief privacy officer Erin Egan issued the warning in the wake of a published report that companies and governmental agencies were increasingly asking job applicants for access to their accounts as part of a pre-employment screening process.
Holders Spain stretched their winning run in qualifiers to 23 as they began the journey to the 2014 World Cup with a 1-0 victory in Georgia on Tuesday but along with Germany and Italy they struggled to take the points.
Concerned over high rate of child marriage in Bihar, Nobel laureate and anti-apartheid icon Archbishop Desmond Tutu, former Ireland President Mary Robinson, former Norway Prime Minister Gro Harlem Brundtland and Gandhian and social activist Ela Bhatt, during their day-long visit to Bihar as members of The Elders, on Tuesday announced to work in the state to eradicate this social evil.
Breivik shot 67 people present at a Labour party summer camp on Utoya island in July last year, and had hoped that Brundtland, who led Norway as a Left-wing prime minister between 1981 and 1996, would be attending the event on the day of the massacre, The Telegraph reports.
All the banks mentioned here have balance sheet size greater than Rs 50,000 crore (Rs 500 billion).
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