India's foreign exchange reserves reached a historic high of US$651.5 billion as of May 31. India's external sector remains resilient and overall, we are confident of meeting our external financing requirements comfortably, Das said at a press conference after the monetary policy meeting.India...
New Delhi [India], June 6: VLCC, one of the world's largest beauty and wellness brands, has expanded its product portfolio with the launch of the revolutionary skincare range 'VLCC Clinic'. Backed by scientific formulations, the new range embodies the Group's 35 years of expertise in skin care...
ATKNew Delhi [India], June 6: Investing seems to be a tricky process, especially for those who are beginners in this field. Today, there are countless investment options that are easily available, but it is not easy to analyze which one is the best. Nevertheless, among those funds, your...
New Delhi: Capital markets regulator Sebi on Wednesday proposed increasing the Basic Service Demat Account (BSDA) limit to Rs 10 lakh from the current Rs 2 lakh to promote participation of retail investors in the securities market.A Basic Service Demat Account, or BSDA, is a more basic version...
Bengaluru, JDS leader and former chief minister HD Kumaraswamy on Wednesday indicated that his party is interested in the agriculture portfolio in the new NDA government.The JD(S), headed by his father and former prime minister HD Deve Gowda, joined the NDA last year.BJP and JDS had jointly...
Gopi registered a landslide victory in Thrissur Lok Sabha constituency by defeating seasoned veterans. CPI's Sunil Kumar and sitting Congress MP K. Muraleedharan.He won by a margin of 74,686 votes.Since acting was his main occupation, even when he was a nominated member of the Upper House...
Mumbai: Equity markets fell on expectations of a big NDA win from exit polls, key market participants said on Tuesday, stressing that the India story remains intact from a medium to long-term perspective.They all said the market will remain volatile for most of this week awaiting clarity on...
Bengaluru, Embassy Office Parks REIT has completed the acquisition of a 50 lakh sq ft business park in Chennai for Rs 1,185 crore as part of its strategy to expand its office property portfolio and grow its business.The acquisition was funded through a loan of Rs 1,200 crore.In a regulatory...
The market capitalization of 10 listed portfolio companies increased by more than Rs 2 lakh crore to more than Rs 18.5 lakh crore on Monday.Shares of all Adani group companies advanced at the opening bell, with flagship Adani Enterprises gaining more than 9 per cent, while Adani Ports and...
Shares of Adani Ports and Special Economic Zone (ASPEZ) were trading at Rs 1,581, up nearly 10 per cent.Shares of Adani Total Gas Ltd were up more than 9 per cent at Rs 1,137.Adani Enterprises shares were up more than 9 percent at Rs 3,727.Shares of Adani Energy Solutions rose more than 10...
In FY24, the Adani portfolio of companies recorded record EBITDA growth of 45 percent (year-on-year), reaching Rs 82,917 crore (about $10 billion), the highest in the history of the Adani portfolio.Cash profit or funds flow from operations (FFO) was Rs 56,828 crore (about $6.7 billion)...
Ahmedabad (Gujarat) [India], In the recently concluded financial year 2023-24, Adani Group companies posted their best ever performance registering overall EBITDA growth of 45 per cent."The continued growth in EBITDA is due to higher contribution from core infra and utility platforms, which...
New Delhi [India], Selling in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, reaching Rs 25,586 crore by the end of the month.The continued outflow of money from Indian stocks is partly due to a stronger US dollar, sticky inflation, especially in the food...
New Delhi: Adani Group of companies reported a record 45 per cent growth in profit before tax (EBITDA) to Rs 82,917 crore (about US$10 billion) in FY2024, as the Apple-to-Airport group There has been a massive comeback, the group said. sunday.Emerging from a disastrous report by a US short...
These startups are based in cities including Mumbai, Bengaluru, Delhi, Pune and Gurugram.“With these additions, our portfolio now has investments in 161 early-stage startups. In this group, our startups span across diverse sectors like B2B SaaS API, HealthTech, Climate-Tech, Food & Beverage...
Ahmedabad (Gujarat) [India], India Ratings and Research (Ind-Ra) has upgraded the long-term issuer rating of Adani Green Energy Limited (AGEL) to 'IND AA-' from 'IND A+'. The outlook is stable, reflecting the company's strong operating-performance, improved leverage metrics and strategic...
Dubai [UAE], Ashraq Investments today announced the launch of its refreshed corporate strategy. Over five years, with the acquisition expected to execute in early 2024, Eshraq will build direct private equity capabilities while transitioning legacy portfolio assets Under the refreshed strategy...
Proceeding through the asset rights strategy, 'Mementos Jaipur' is another addition to the 'managed' portfolio of the group.With this addition, ITC's hotel group now has 14 operational properties across different brands in Rajasthan with a few more in the pipeline."We are on an...
New Delhi [India], Selling in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, now reaching Rs 22,04 crore, with just a few more days left for the month to end. Money is being sold continuously. The fall in Indian equities was partly attributed to a stronger...
New Delhi, India Grid Trust on Friday reported a 57 per cent decline in consolidated profit for the March 2024 quarter to Rs 58.4 crore, led by increased expenses.The company told an exchange that it had made a profit of Rs 137.1 crore in the same period a year ago.The company's total income...