Demand trajectory across urban and rural markets in India has shown a "slight improvement" sequentially in the March quarter, although it falls short of a full recover, FMCG major Dabur said. Despite near-term consumption pressure, some "green shoots" are emerging such as moderating inflation, improving consumer confidence and increase in government spending. "While urban markets [...]
Refractory player RHI Magnesita India has raised Rs 900 crore through qualified institutions placement, according to a company's top official. "We are pleased to announce a successful qualified institutional placement (QIP). This transaction demonstrates the support of high quality international and domestic institutional investors in the business and financial model of our company," the company's [...]
The RBI decision to keep repo rate unchanged comes as a welcome respite for homebuyers and will boost housing demand especially for affordable and mid-income category, according to property developers and consultants. After raising the interest rate by a cumulative 250 basis points in 11 months, the Reserve Bank of India (RBI) on Thursday unexpectedly [...]
In the past year, listed hotel enterprise, Royal Orchid Hotels saw a gain of over 105.14 percent, doubling investors’ wealth in one year. The company recently found itself in the headlines over its renewed license agreement for its hotel - The Royal Brindavan Garden Palace & Space, located in Mysore, Karnataka, India. An investment of [...]
Cash-strapped Pakistan has received the nod for funding of up to USD 2 billion from Saudi Arabia, a move that will help the country secure the much-required bailout from the IMF, according to a media report on Thursday. The International Monetary Fund has imposed the condition on Pakistan that it should secure USD 3 billion [...]
Vibrant Energy has tied up over Rs 2,200 crore of project financing from state-run Power Finance Corporation (PFC) to build 300 MWac wind-solar hybrid projects in Madhya Pradesh and Karnataka. Vibrant Energy (Vibrant), which develops corporate renewable energy solutions, in a statement said that the financing will stand out as one of the largest project [...]
In the early morning session on Friday, the shares of Nandan Denim gained by over 11.4 percent, trading at ₹22.8 per share. In the past week, the stock price of Nandan Denim gained by around 45.6 percent. An investment of ₹1,00,000 in the stock would have left investors wealthier by ₹47,000 in the past 5 [...]
The Reserve Bank on Thursday marginally cut retail inflation projection to 5.2 per cent in the current fiscal, but flagged adverse climatic conditions and rising uncertainty in international financial markets as future risks. Although the expectation of a record Rabi harvest bodes well for easing of food price pressures, milk prices are likely to remain [...]
India has built a world-class digital public infrastructure which is transforming lives and economy and can be a lesson for many countries to follow, an IMF Working Paper said. India Stack is the collective name of a set of commonly used digital public infrastructure (DPIs) in India. It consists of three different layers -- unique [...]
Cholamandalam Investment and Finance Co. shares gained around 8 percent today and currently trade at Rs 840. The scrip marked its 52-week high figure today at a price of Rs 844.90. Having a purview of one year, the stock has been able to provide returns of about 20 percent to its stakeholders. Moving ahead with [...]
