The Centre has allowed five private firms to undertake cluster farming of specific horticulture crops in about 50,000 hectares on a pilot basis entailing an investment of Rs 750 crore, including government subsidy -- a moved aimed at making Indian produce globally competitive and boost farmers' income. Desai Agrifoods, FIL Industries, Sahyadri Farms, Meghalaya Basin [...]
Mutual funds remained bullish on the Indian equities in 2022-23 and invested Rs 1.82 lakh crore largely due to a strong interest from retail investors and the correction in the market that led to reasonable valuation. This comes following a similar amount of Rs 1.81 lakh crore invested by mutual funds in the stock market [...]
India's largest hospitality company Indian Hotels Company Ltd on Monday said it is well poised to achieve its vision of 300 hotels by 2025, from the current portfolio of 260 hotels. Indian Hotels Company Ltd (IHCL) said it accelerated portfolio expansion in FY 2022-23 which ended in March, with the signing of 36 new hotels [...]
Women and Child Development Minister Smriti Irani on Monday asked social media major Meta to work in sync with the child helpline to provide quick relief to children in an emergency situation. Speaking at Digital Surakhsa Summit, Irani expressed concern over videos being made in unsafe circumstances by social media users and asked Meta to [...]
Dolly Khanna is a Chennai-based investor who is known for picking lesser-known small-cap stocks that tend to outperform the market. Her portfolio is managed by her husband Rajiv Khanna and she publicly holds 14 stocks with a net worth of over ₹ 229.8 crores. The ace investor has consecutively reduced her stake in four small-cap [...]
Billionaire Gautam Adani's group on Monday listed out details of the USD 2.87 billion stake sales in group firms since 2019 and how USD 2.55 billion of this was ploughed back into business, as it looked to counter Congress leader Rahul Gandhi's claim of Rs 20,000 crore coming in to the conglomerate through 'shell companies'. [...]
Union Road Transport and Highways Minister Nitin Gadkari along with a 13-member Parliamentary committee on Monday reviewed the construction work of the strategic Zojila tunnel, which will provide all-weather connectivity between Jammu and Kashmir and Ladakh. While terming the tunnel historic, the minister said that the project is part of a dream to connect the [...]
Benchmark indices Sensex and Nifty eked out gains in volatile trade on Monday, extending the winning streak to a sixth day even as investors preferred to stay on the sidelines ahead of the start of quarterly earnings. The 30-share BSE Sensex ended marginally up by 13.54 points or 0.02 per cent to 59,846.51. During the [...]
Bajaj Auto Ltd and British bike maker Triumph Motorcycles on Monday said they have completed transfer of the latter's India sales and marketing operations to the Indian firm. The two companies would also be launching a jointly developed mid-sized range of bikes later this year. The development is part of the strategic partnership between the [...]
CreditAccess Grameen Ltd, through a regulatory filing with the exchange, provided business updates for Q4 FY23. All the indicators are positive with the main highlight being the AUM and disbursements which increased by 27 percent and 24 percent respectively. AUM moved from Rs 16,599 crores in Q4 FY22 to Rs 21,032 crores in Q4 FY23. [...]
