MUMBAI: Muthoot Fincorp has approved plans to raise up to Rs 4,000 crore through an initial public offering of equity shares and a share split, as part of a broader capital-raising programme cleared by its board on May 16, even as the company reported growth in its latest financial results.In an exchange filing, the company…
NEW DELHI: Around half of India’s online fashion and beauty shoppers are now Gen Z, and platforms are rapidly realigning to keep pace. Significantly, the cohort also boasts 1.5x the e-retail spend share on categories such as lifestyle, beauty, and electronics compared to other age groups, driving growth in a market that has more than…
Seeking relief: Onion growers want an MSP of Rs 3,500/quintal and a Rs 1,500-a-quintal compensation for distress sales Rain clouds rolled over Maharashtra’s onion belt. Then came war winds from West Asia. Prices collapsed. Crops rotted. Farmers counted losses in rupees — and sold tears by the quintal. Across Nashik, Solapur and Chhatrapati Sambhajinagar, onion…
NEW DELHI: India’s exports of jewellery fell in April 9.07 per cent amid geopolitical tensions in Middle East and uncertainty in key markets, according to data from the Gem & Jewellery Exaport Promotion Council (GJEPC). The overall exports stood at $2,226.45 million (Rs 20,825.01 crore), down from $2,448.53 million (Rs 20,952.26 crore) in the same…
Foreign investors have continued withdrawing from Indian equities, with net outflows reaching Rs 27,048 crore so far this month. The selling spree reflects the cautious stance among global investors amid shifting global macroeconomic conditions and ongoing geopolitical uncertainty.Data from the NSDL shows that Foreign Portfolio Investors (FPIs) have pulled out a total of Rs 2.2…
Last week, the combined market capitalisation of nine of the top 10 most valued firms fell by Rs 3.12 lakh crore, with Reliance Industries registering the sharpest decline.Broader market sentiments also remained weak with the 30-share BSE Sensex dropping 2,090.2 points, or 2.7%, while the 50-share NSE Nifty slipped 532.65 points, or 2.2%.“Markets ended the…
Delhi commuters, your next CNG refill is set to cost a little more!Indraprastha Gas Limited (IGL) raised rates by Re 1 per kg across its network on Sunday, marking the second hike in just 48 hours. With the latest revision effective from 6:00 am on Sunday, CNG prices in Delhi climbed to Rs 80.09 per…
India has tightened silver imports in a major policy move to stop traders from taking advantage of a fresh duty gap created after the government raised import taxes on precious metals. Once duties on gold and silver were increased to 15%, concerns grew that lower-duty silver could start entering India through Dubai under the India-UAE…
The Marshall Islands-flagged tanker Symi, an LPG carrier transporting nearly 20,000 tonnes of liquid propane and butane, has safely docked at Deendayal Port in Kandla. The vessel crossed the Strait of Hormuz on May 13, marking another crucial movement of energy supplies through the key maritime route amid the ongoing Middle East crisis. The vessel…
NEW DELHI: The boards of state-run power sector financiers Power Finance Corporation and REC Limited on Saturday decided to move ahead with the proposal to merge the two entities.In separate stock exchan-ge filings, both companies said their boards had cleared reserving the merger proposal for approval of President of India, as required under their Articles…
