The father of Murali Naik, a soldier from Andhra Pradesh who died during cross-border shelling in Jammu and Kashmir's Poonch, said his son joined the Army despite his opposition as he wanted to serve the nation. Naik, a 23-year-old Agniveer, died in the line of duty on Friday. He was the primary breadwinner for his family, which has been living in Mumbai for the past 32 years. Naik's death has been mourned by politicians and officials, including Andhra Pradesh Chief Minister N Chandrababu Naidu and Maharashtra Chief Minister Devendra Fadnavis.
India's used car market, which has been growing steadily at 10-12 per cent over the last 2-3 years, is expected to reach $40 billion in FY26.
'The slowdown in motor insurance premium growth is due to slower growth in vehicle sales. Also, there has been minimal hike in third-party rates in the past three years which is affecting the growth rate of third-party premiums.'
Brokerages expect a further slowdown in Indian firms' revenue and earnings growth in Q4FY25, following low single-digit growth in the preceding three quarters, as factors like weak consumer demand and credit growth linger on.
Check out some of the stocks that will react on the basis of their numbers in the near term.
A local BJP leader in Ayodhya, Dr BD Dwivedi, died on Saturday after his family claims they faced delays due to multiple barricades while trying to reach a hospital. The family alleges they were stopped at various checkpoints and their pleas to open the barriers went unanswered, ultimately delaying their arrival at the hospital by two hours. While the Mayor of Ayodhya, Girish Pati Tripathi, has announced efforts to arrange ambulances at various locations for medical emergencies, the incident has sparked criticism of the administration for prioritizing security over the needs of local residents.
Maharashtra has witnessed 823 incidents of communal unrest since January this year, with demands for the removal of Aurangzeb's tomb and the spread of distorted facts on social media fomenting fresh trouble. Districts like Nandurbar, Pune (Rural), Ratnagiri, Sangli, Beed, and Satara have seen communal unrest in recent days due to right-wing organizations' demands for the demolition of the Mughal emperor's tomb in Chhatrapati Sambhajinagar. The state witnessed 4,836 Hindu-Muslim related communal crimes in 2024, with 170 incidents classified as cognisable and 3,106 as non-cognisable cases. The violence in Nagpur, triggered by protests demanding the removal of Aurangzeb's tomb, highlights the role of social media in spreading inflammatory content and instigating people. While the state has taken measures to curb the spread of misinformation, concerns remain over the impact on communities and the need for promoting peace and understanding.
Dr Lagoo, who was a trained ENT surgeon, played important role in the growth of theatre movement in Maharashtra in post-Independence era.
'Earlier, our cost of funds was higher than most in the peer group.'
'I am very happy to see that the work is starting to bear some fruit now.'
The Ambani family has been a forerunner and led the way in promoting Indian crafts and fashion.
This low-profile group has a knack for spotting people with an entrepreneurial streak and backing them profitably.
Dr. Shriram Singh, a 58-year-old Indian academic and entrepreneur, was shot and killed in Atlanta, Georgia. His family suspects business rivalry may be behind the murder. Dr. Singh, a native of Gonda, India, had been living in the US for nearly four decades and had built a successful business empire. His family is seeking justice and security after his tragic death.
Shriram Life Insurance has secured licence from insurance regulator IRDA for starting operations in the country.
The performance of banking and information technology (IT) stocks has had a significant impact on the composition of diversified mutual fund (MF) portfolios. Over the past two months, these sectors have become increasingly dominant, now constituting nearly 30 per cent of the total allocation in many diversified MF portfolios.
Punit Goenka, the former director of Zee Entertainment Enterprises, is not the only one who lost his board seat due to shareholders' activism last fortnight. In recent past, institutional shareholders of several companies, including Nestle and Wipro, have pushed back against board proposals by taking an aggressive stance while voting.
The Chennai-based Shriram Group is likely to take over the cash-strapped front-end retail company of Vishal Retail Ltd, after leading private equity investor Texas Pacific Group takes charge of its wholesale division. This will be subject to approval from all stakeholders and regulators.
The gig economy market is expected to grow at a compound annual growth rate (CAGR) of 17 per cent to reach a gross volume of $455 billion by the end of 2024, according to a white paper by The Forum for Progressive Gig Workers. Estimates suggest the gig economy has the potential to create 90 million jobs and add 1.25 per cent to India's GDP (gross domestic product) over time.
Shriram Group and US-based TPG Capital, the global buyout arm of the leading global private equity investment firm, announced a definitive agreement in which TPG will invest up to $120 million (Rs 530 crore) to acquire a stake of up to 49 per cent in Shriram Retail Holdings Private Limited, the holding company of Shriram City Union Finance Limited.
The equity market's recent downturn appears unlikely to slow the brisk pace of mutual fund (MF) scheme launches, at least in the coming weeks. Last month, fund houses introduced 21 new equity schemes, with another five launches already lined up for November. The number of filing with markets regulator, Securities and Exchange Board of India (Sebi), suggests this momentum will continue with asset management companies (AMCs) seeking approval for 21 more equity schemes in October.
The national real estate market presents an intriguing picture. Lower volumes and flat pricing serve as dampeners. Sales bookings across the top ten markets have seen 6 per cent growth year-on-year (Y-o-Y) between April and August 2024, but sales volume is down 8 per cent Y-o-Y. Unsold inventory is up.
A development finance company based in Netherlands, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden on Tuesday acquired 3.95 per cent equity in two principal truck-financing companies of the Shriram Group for around Rs 12 crore (Rs 12
Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14 per cent on a month-on-month basis, amid heightened volatility in stock markets driven by various macroeconomic factors, geopolitical events and US election results. Despite this, it marked the 45th consecutive month of net inflows into equity-oriented funds, reflecting the growing popularity of mutual funds among investors, according to data from the Association of Mutual Funds in India (AMFI) released on Tuesday.
Truck movements across the India-Bangladesh border are on the rise, with increasing rentals signalling a trade recovery between the two South Asian nations. Yet, geopolitical tension looms large, with Bangladesh now under an interim government for nearly two months.
Returns of liquid funds are meant only for the short term and don't help investors create wealth over the long term, as equity funds do.
'In life insurance, it is about creating distribution capacity and solutions for customers. We are constantly working on that.'
Shriram Group of Companies, the major partner in the joint venture company New Horizons India Ltd, may sell up to 20 per cent of its 80 per cent stake to institutional investors in the next six months.
A goal in each half enabled the policemen beat Punjab and Sind Bank 2-0 in a one-side final.
Hubli Tigers secure thrilling victory in triple super over thriller
Shriram Investments to mull rights issue.
The operations revealed evidence of price and volume manipulation of stocks through the use of platforms like YouTube and WhatsApp.
Shriram Transport Finance plans rights issue.
'Accidents are unpredictable, whether it's a mishap during Diwali, a fracture during travel, or a fall in the bathroom.'
'The correction in the markets in the initial part of August provided investors a good buying opportunity.'
In June, Sensex went up 6.6% and Nifty 6.9%, their best monthly gains since December 2023.
Last week, when Harish Bhasin, the Delhi-based stock broker, made an open offer for DCM Shriram Industries Ltd, he was back in news after almost 25 years.
The CBI had sought an urgent hearing of the plea before the alternate bench of Justice Kotwal.
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