MUMBAI: Reliance Retail has acquired beauty and wellness brand Pahadi Local along with other business assets from Pahadi Goodness, it said Monday. Founded in 2018, Pahadi Local produces Himalayan-inspired personal care products and works with women-led self-help groups in Ladakh and Himachal Pradesh. Reliance Retail said it will support the brand’s expansion using its wide…
Morgan Stanley maintained an overweight rating on Reliance Industries with a target price of Rs 1,803. Analysts said tight global markets are keeping refining margins higher. The company can process heavy and sour crude which is supportive for the stock. The company also has a diversified crude sourcing process among global refiners which also supports…
NEW DELHI: The average health insurance premium for individuals shot up 23% between 2022-23 and 2024-25, putting pressure on the common man, although govt cited multiple reasons for the rise. In 2024-25, the premium was pegged at Rs 11,188 crore.The increase is seen to be steeper since the Covid-19 pandemic as claims rose, but latest…
MUMBAI: Rising crude oil prices in the international markets took a heavy toll on most oil & gas, and paints stocks as these industries face the prospect of runaway raw material rates. At Monday’s close, among the leading stocks from these two sectors, BPCL was down 6.1%, HPCL 5.1%, GAIL 4.3% and Asian Paints 2.6%.On…
MUMBAI: Sebi chief Tuhin Kanta Pandey on Monday urged the investing community to not panic in the current volatile geopolitical situation even as markets have been sliding and said that it is important not to get too worried at this moment since India’s economic fundamentals are strong.The top markets regulator admitted that global markets are…
Oil prices surged to $120 a barrel before retreating to $102 Monday as Saudi Arabia was reported to be cutting output, adding to the supply squeeze due to disruption in the Strait of Hormuz.Finance ministers of developed G7 nations, who met Monday evening, deferred plans to tap their strategic reserves to cool down the global…
BENGALURU: Karnataka govt has suspended online sales of Mysore silk saris after surging orders outstripped supply of the GI-tagged weave made with pure mulberry silk, gold zari and silver threads. State-owned Karnataka Silk Industries Corporation will prioritise limited stocks for buyers visiting its exclusive outlets.Sericulture minister K Venkatesh made the announcement in the assembly on…
NEW DELHI: With nearly 40% of India’s LNG flow hit due to the West Asia conflict, govt is working on an “optimisation plan” for industries, including priority segments such as fertiliser. Those familiar with the discussions said the petroleum ministry could work out the arrangement as early as Tuesday, with a reduction in supply to…
NEW DELHI: The government has directed oil refineries to increase the production of liquefied petroleum gas (LPG) and divert the additional output for domestic household use in view of geopolitical disruptions affecting fuel supplies, Ministry of Petroleum and Natural Gas announceed on Monday.The move comes amid constraints in LPG availability due to global supply pressures,…
Mumbai: Warburg Pincus-backed housing finance company Truhome Finance ( formerly Shriram Housing) has filed draft papers with capital markets regulator SEBI to raise Rs 3,000 crore through an initial public offering.The IPO will comprise a fresh issue of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore and an offer for…
