To facilitate ease of doing business for Small and Medium REITs (SM REITs), markets regulator Sebi has standardised disclosures in draft scheme offer document and simplified public issue processes for such schemes. In its notification, the regulator has standardised disclosures in scheme offer document by splitting the document into two parts — Key Information of … Read more
“Even during Lehman Crisis also that revenue was always there. It cannot change. Even in covid that was there. So, in worst case scenario your revenue can only decline by 5-6% because 80% of the total revenue is very sticky,” says Sandip Agarwal, Sowilo Investment Managers.You heard the management commentary coming in from Infosys. Overall, … Read more
Prabha Narasimhan, MD and CEO of Colgate Palmolive India, was honoured with The Hindu Excellence in Business Leadership Award. The award was given to her by Justice R.N. Manjula of the Madras High Court and Nirmala Lakshman, Chairperson of The Hindu Group. Ms. Narasimhan said, “I have grown up reading The Hindu and many of … Read more
Jio Financial Services announced on Thursday that it has invested Rs 1,000 crore in Jio Finance, its wholly owned subsidiary. The investment was made through the subscription of 1,73,77,412 equity shares at Rs 10 each. The funds will be used by Jio Finance to support its business operations. The company said that as this transaction … Read more
Jio Financial Services announced on Thursday that it has invested Rs 1,000 crore in Jio Finance, its wholly owned subsidiary. The investment was made through the subscription of 1,73,77,412 equity shares at Rs 10 each. The funds will be used by Jio Finance to support its business operations. The company said that as this transaction … Read more
India’s BigBasket is planning to go public in the next 18 to 24 months, its CEO said, as the Tata Group-backed grocery giant seeks to tap surging demand for quick online deliveries of everything from fruits to Apple iPhones. The company is on track to double its business year-on-year by March 2026 and expand to … Read more
Siddu Reddy Kandakatla, an entrepreneur and social worker from Telangana, has been working to bridge gaps in education and community welfare through a series of targeted initiatives. His journey, shaped by his early experiences in Hyderabad, shows a strong will to enhance quality of life. “Education should be as revered as a sacred space,” Reddy, … Read more
West Bengal Chief Minister Mamata Banerjee at the 2nd day of the 8th edition of the BGBS in Kolkata. | Photo Credit: DEBASISH BHADURI West Bengal Chief Minister Mamata Banerjee on Thursday (February 6, 2025) said investment proposals worth ₹4.40 lakh crore were received during the two-day Bengal Global Business Summit, 2025, emphasising that the State remains the “safest … Read more
A team of Income Tax Department officers searched the houses and offices of some industrialists and businesspersons in Belagavi on January 28, 2025. | Photo Credit: Photo for representation only A team of Income Tax Department officers searched the houses and offices of some industrialists and businesspersons in Belagavi on January 28. They included Vinod … Read more
Leading adhesives and construction chemicals maker Pidilite Industries on Wednesday reported consolidated net profit of Rs 557 crore for the October-December quarter, a 9% increase over the same quarter last year, the company said in a filing to the exchange. Revenue from operations for the third quarter stood at Rs 3,368.91 crore, up about 8% … Read more