Fixed deposits from nationalised banks delivered higher returns than equities, outperforming both inflation and stock market benchmarks.
Finally, Bollywood has something to cheer about!
The ministry sources said some of the projects were initiated before the 2019 elections have been concluded after the government was formed.
State-owned Indian Oil Corp (IOC) is looking at selling oil bonds worth Rs 1,000-1,500 crore (Rs 10-15 billion) this month in the open market even as its crude oil import bill has declined by about 67 per cent on falling global rates.
A special court here on Friday allowed 'restoration' of properties worth Rs 500 crore of fugitive jeweler Nirav Modi 's firms to Punjab National Bank (PNB). This is the third such order in a span of about two weeks, with the total value of properties owned by Nirav Modi's companies being restored in this manner now standing at approximately Rs 1,000 crore.
Amenities include 20,000 sft clubhouse that features a terrace swimming pool, gym and an indoor badminton court.
The Congress party has expelled Navjot Kaur Sidhu after she publicly criticized Rahul Gandhi. The expulsion follows her earlier suspension and a series of posts on X where she attacked the party leadership and questioned their commitment to Punjab.
There is positive sentiment for Tata Steel on the basis of strong domestic demand, a turnaround of European operations and moderate valuations. A combination of capacity expansion, efficiency gains, higher asset utilisation, and improved operating leverage may lead to margin expansions.
The sold property, which was originally built as the company's corporate office, has gone to a wealthy individual. The entire money is expected to be received by June, an informed source said. The realtor had been negotiating the office property's sale for a few months and had finally closed the deal, the source said. A company spokesperson declined to comment.
UK-based Alpha Airports and Future Group's Pantaloon Retail have won a contract valued at Rs 500 crore (Rs 5 billion) to set up duty-free shops at Indira Gandhi International Airport in New Delhi.
The two partners have said they'd produce 150,000 vehicles as part of the phase-I plan from their existing facilities in the state, till the new factory goes on stream.
Companies in the lower mcap deciles have recorded the fastest growth in median mcap.
The central government has assured the state government of Goa that it will pump in Rs 500 crore (Rs 5 billion) to give a facelift to Dabolim airport.
In a bonanza to its shareholders, country's third largest IT firm Wipro on Thursday said it will buyback up to four crore shares worth around Rs 2,500 crore (Rs 25 billion).
The upsurge in capital market seems to have bypassed the information technology sector where the top 25 companies including Wipro, Infosys, HCL and NIIT, lost almost Rs 66,500 crore in market value since March 8, 2001.
The 50:50 venture is likely to be signed on Tuesday during the visit of Viacom CEO and President Phillipe P Dauman, who is arriving in India late on Monday, industry sources said.
N Sankar, the recipient of the Lifetime Achievement award at the TiE Chennai Entrepreneur awards 2010, is the Chairman of The Sanmar Group. The turnover of the group is estimated to be around Rs. 4,500 crores. Sankar talks about how he built the empire.
Mutual funds are loading up on information technology (IT) stocks on improved valuations and low downside risk after a double-digit correction in top companies like Infosys and Wipro. IT stocks were MFs' top sectoral buys in April when they invested a net of Rs 2,100 crore. In the first four months of 2023, the net investments in IT amounted to Rs 9,500 crore, shows an analysis by ICICI Securities.
NPC director Jagdeep Ghai told reporters on Monday, "NPC, in the wake of passage of the civil nuclear liability bill, will set up a corpus of Rs 1,500 crore to provide financial security, from its cash reserve of Rs 12,000 crore (Rs 120 billion).
Hinduja Group-led Ashok Leyland has posted a record consolidated net profit of ~820 crore in the second quarter of 2025-26 (FY26), up 7 per cent from ~767 crore during the same quarter last year.
The cash-strapped airline's employee cost is currently over Rs 3,000 crore annually. At present, the merged carrier has around 31,000 employees.
'Instant home services act as an on-demand household support system, bridging the gap between informal domestic help and structured service platforms,'
India's leading conglomerates are stepping up investments in real estate, recasting what was once a peripheral activity into a core growth driver. Supported by strong balance sheets, established brands and access to long-term capital, major business houses including Aditya Birla, Tata, Godrej, L&T, Raymond, Wadia, Shapoorji Pallonji, Mahindra and Adani are positioning realty as a strategic pillar within their diversified portfolios.
As the March 31 deadline arrives, a wave of Maoist surrenders suggests insurgency's end, but political and social concerns remain.
'We currently have new proposals worth Rs 1.48 trillion in the pipeline.'
Hotel major Leela group is planning to invest Rs 500 crore (Rs 5 billion) in Kerala in the fields of IT infrastructure, textiles and hotel projects.
After earning Rs 730 crore* until Christmas (Rs 7.3 billion), the film is marching fast towards the Rs 800 crore (Rs 8 billion) mark.
After years of rapid expansion, the Centre's capital spending growth eases as private investment shows early signs of revival, points out A K Bhattacharya.
AI reduces the time taken to find a target and launch a strike. This has led to a major increase in the pace of the conflict, with one report mentioning nearly 900 strikes launched on Iranian targets in the first 12 hours of an operation.
Addressing a gathering after unveiling the statue of Maratha King Chhatrapati Shivaji near the international airport, Prime MInister Vajpayee said Dharavi has graduated from being a slum area to an economic hub housing small scale units.
Foreign investors have infused nearly Rs 8,500 crore in the country's equity markets last week, after a phase of heavy outflows earlier in the month, supported by renewed investor confidence, resilient domestic economy and relative insulation from global trade disruptions. During the holiday-truncated week ended April 18, Foreign Portfolio Investors (FPIs) made a net investment of Rs 8,472 crore in equities.
The company is already in talks with Indian oil refiners to buy paraxylene which is developed from naphtha, a refining byproduct. The company plans to use paraxylene as a raw material to make purified terephthalic acid (PTA), a petrochemical product used in polyester and plastic.
Edible oil major Adani Wilmar Ltd (AWL) on Monday filed the draft red herring prospectus with markets regulator Sebi for an initial public offer to raise up to Rs 4,500 crore. The company, which sells cooking oils under the Fortune brand, is a major player in the edible oil industry.
'The next two to three weeks will not be decided in Washington.' 'They will be decided in Tehran, in whatever calculation Iran makes about the costs of continued resistance against the costs of appearing to have yielded.'
Benchmark equity indices Sensex and Nifty extended their gains for the third straight session on Wednesday, driven by last-hour buying in bank, metal, and FMCG shares.
The Chhattisgarh High Court granted bail to Chaitanya Baghel, son of former chief minister Bhupesh Baghel, in two cases related to the alleged liquor scam. The bail was granted in cases lodged by the Enforcement Directorate (ED) and the Chhattisgarh Anti-Corruption Bureau (ACB)/Economic Offences Wing (EOW).
Unfazed by the criticism against "overspending" on parks, statues and memorials, Uttar Pradesh Chief Minister Mayawati has once again allocated nearly Rs 500 crore towards her dream projects in the Rs 5,461 crore supplementary budget, which was tabled before the state assembly on Tuesday.
An ex gratia of Rs 2 lakh will be given per person to the next of kin of those killed in the floods.
'Maybe it's time for Plan B for the film industry.'
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