Titan Company’s Watches & Wearables division crosses total of 1,000 stores with network expansion of 163 stores during FY2022-23

Titan Company logo

Tamil Nadu, October 11 (Meel Bijendra) – Indian Titan Company Limited which mainly manufactures fashion accessories like jewellery, watches, and eyewear has witnessed an excellent performance in FY 2022-23 with a growth of 43% in net UCP terms and net selling price terms as compared to FY 2021-22. The company saw good performance in both … Read more

Hindalco signs MoU with Odisha Mining Corporation for bauxite ore supply to alumina refinery and power plant at Kansariguda

Hindalco Industries logo

Mumbai, October 5 (Meel Bijendra) – Indian aluminum and copper manufacturing company Hindalco Industries Ltd has signed a Memorandum of Understanding (MoU) with Odisha Mining Corporation for long-term supply of bauxite ore for the proposed 2 million tonne alumina refinery and 150 MW captive power plant at Kansariguda in Rayagada district. This will be the … Read more

India can create 3.4 million new clean energy jobs by reaching its goal of 500 GW non-fossil fuel energy sources by 2030

Power generating windmill turbines are pictured during the inauguration ceremony of the new 25 MW ReNew Power wind farm at Kalasar village in the western Indian state of Gujarat

Gujarat, September 17 (Meel Bijendra) – India ranks fourth in the world in terms of renewable energy installed capacity, including large hydro. Apart from this, it also ranks fourth in both Wind Power capacity and Solar Power capacity. India announced its ambitious targets to install 500 GW of non-fossil fuel capacity by 2030, achieve net-zero … Read more

Brookfield Asset Management signs an MoU with India’s Reliance Industries to manufacture renewable energy and decarbonization equipment in Australia

Indian 500 rupee notes lie on the cashier counter of a branch of HDFC Bank in Mumbai

NEW DELHI, August 1 (MeelBijendra) – On Tuesday, August 1, Indian conglomerate Reliance Industries announced that Brookfield Asset Management has signed a memorandum of understanding (MoU) with Reliance Industries to further explore opportunities in Australia to pursue renewable energy and manufacture decarbonization equipment. Brookfield Asset Management is a Canadian multinational company with over US$825 billion … Read more

Value of loans disbursed through Paytm platform grew by 167% YoY to INR 14845 Cr in Q1 FY24; Improving portfolio quality, says Paytm

The Paytm logo is pasted on a wall at Paytm's office in Delhi

BENGALURU, July 25 (MeelBijendra) – Paytm, the second largest digital payments app in India by market share, says the value of loans disbursed through the Paytm platform grew by 167% year-on-year to INR 14,845 crore in Q1 FY24, with continued momentum in consumer and merchant loan disbursements along with improving portfolio quality. Paytm generally disburses … Read more

FSN E-Commerce Ventures: Nykaa’s Business Model and Financials Explained; Overview of Beauty & Personal care industry

Beauty products by Nykaa, an Indian beauty products retailer, are seen for sale in a store at a mall in New Delhi

Nykaa is one of India’s leading beauty and fashion omnichannel players with a total of 154 retail stores across 60 cities in India and a customer base of 24 million by the end of March 31, 2023. India’s FSN E-Commerce Ventures Limited is the parent of Nykaa, a cosmetics-to-fashion retailer that sells beauty, wellness, and … Read more

India’s Axis Bank executes first onshore INR non-deliverable derivative trade with a South-based domestic corporate client following RBI directives

A customer enters a branch of Axis Bank in Mumbai

India’s third largest private sector lender Axis Bank announced on June 8 that Axis Bank has executed its first onshore INR non-deliverable derivative trade with a large domestic corporate client based in the South within the guidelines of the Central Bank. Read Also: Axis Bank acquires Citibank’s Indian retail consumer business for $1.6 billion The … Read more

ED searches GTL Ltd’s offices in Mumbai and seizes company’s annual reports, term loan & balance details, purchase registers

Enforcement Directorate

On 17 May 2023, the offices of GTL Limited located in Navi-Mumbai and Mumbai were searched by the Enforcement Directorate (ED). GTL is a telecom-focused infrastructure services company providing network services to Telecom operators, OEMs, and tower companies. According to Enforcement Directorate (ED) officials, the documents seized from GTL Limited’s offices in Mumbai pertain to … Read more

India’s retail market size expected to reach ₹91 trillion by 2025; fashion footwear to contribute over 25%: Economists

Indian rupee notes

India is becoming a favorable market for fashion retailers. Factors like increase in income levels, improvement in consumer behavior, increase in demand from Tier 3, Tier 4 cities and rural markets, increase in youth spending led to growth in the Indian footwear industry. India’s retail market size was ₹55 trillion in 2020, growing at a … Read more

India expects FDI of $100 billion in the current fiscal after $83.6 billion in FY21-22: Govt

Indian rupee notes

India’s domestic economic recovery in FY 2021-22 boosted import demand while India’s external sector remained resilient and safe-haven demand for gold expanded the trade deficit from October 2021 to March 2022 time period. But strong capital inflows, dominated by strong exports and foreign direct investment (FDI), eased the pressure on the current account balance. In … Read more

US inflation hits 40 year high at 8.6%, Indian Rupee hits all time low of 78.22 against USD

Stock Price: US inflation hits 40 year high at 8.6%, Indian Rupee hits all time low of 78.22 against USD

Today the Indian Stock Market Index Nifty fell by 2.89% to 15732.10 and Sensex fell by 2.96% to 33311.55. In intraday trading, the Indian rupee closed at an all-time low of 78.22 due to the rise in the price of crude oil and the rise in the dollar. Globally, central banks are continuously increasing their … Read more

RBI Monetary Policy: RBI hikes repo rate to 4.90%, inflation at 6.7, GDP growth forecast at 7.2% in FY23

RBI Monetary Policy: Document with Financial Data

RBI Monetary Policy: On Wednesday, 8 June 2022, the Reserve Bank of India (RBI) increased the repo rate by 50 basis points to 4.90% and this is the second time in five weeks the repo rate has been increased by 50 basis points. Whereas the Monetary Policy Committee (MPC) had hiked the repo rate by … Read more

Nifty and Sensex up 2% as FIIs and DIIs turn net buyers

Nifty and Sensex up as FIIs and DIIs turn net buyers

Today Nifty rose by 2.1% to 16661.40 and Sensex rose by 1.98% to close at 55925.74. Rising inflation is a major concern around the world in 2022, due to which central banks such as the Federal Reserve, Bank of England, and RBI (Reserve Bank of India) have increased their benchmark interest rates. The bank’s interest … Read more

Market slips amid rate hikes by central banks RBI, BoE, Fed

Stock Price: Market slips amid rate hikes by central banks RBI, BoE, Fed

Almost all major markets are down since the beginning of 2022. US Fed, Bank of England, and RBI (Reserve Bank of India) have already started rate hikes and the market is expecting that the rates will be hiked further. Due to this the Indian market is also in a downward trend as high inflation is … Read more

LIC IPO GMP, Issue Date, Financials Details, Price, Lot Size

LIC IPO

LIC IPO India’s biggest IPO (Initial public offering) so far is coming at around 21000 crores. LIC was the only insurance company in India from the year 1956 to the year 2000. LIC’s DRHP (Draft Red Herring Prospectus) was filed with SEBI (Securities and Exchange Board of India) in February 2022 but the final IPO … Read more

Jubilant FoodWorks shares fall 12% on CEO Pratik Pota’s resignation

Share price: Jubilant FoodWorks shares fall 12% on CEO Pratik Pota's resignation

The share price of Jubilant FoodWorks, which operates brands like Domino’s Pizza, Dunkin’, and Hong’s Kitchen in India, was trading lower by 12.24% at Rs.2479.80. The company’s CEO (Chief executive officer) and Director Pratik Pota decided to resign from his position. The company said Pratik Pota will continue his position till Wednesday, June 15, 2022. … Read more

Airtel added 15.9 lakh mobile users, Vi 15.3 lakh and Jio 36.6 lakh lose subscribers: TRAI Data

Telecom subscribers: Airtel added 15.9 lakh mobile users, Vi 15.3 lakh and Jio 36.6 lakh lose subscribers

Recently the Telecom Regulatory Authority of India (TRAI) released the latest subscriber numbers of the telecom companies. According to TRAI’s recent data release, in the month of February 2022, Reliance Jio lost approximately 36.6 lakh wireless subscribers and in the same period, Bharti Airtel gained 15.9 lakh subscribers and Vodafone Idea lost 15.3 lakh subscribers. … Read more

Abu Dhabi-based IHC to Invest $2 Billion in 3 Adani Group Companies: Adani stocks price surge

Stocks price: Abu Dhabi-based IHC to Invest $2 Billion in 3 Adani Group Companies

In Early Trade today, Adani Green Energy’s share price increased by 7.21% to Rs 2491.98, Adani Transmission’s share price increased by 4.31% to Rs 2656.88, Adani Enterprises share price was up by 0.17% to Rs 2173.22. According to reports, the Abu Dhabi-based International Holding Company (IHC) will invest about $2 billion in these three companies … Read more

NPCI approved WhatsApp payment service to expand to 100 million users

Whatsapp Application Screenshot: NPCI approved WhatsApp payment service to expand to 100 million users

Meta-owned instant messaging app WhatsApp initially had a limit of 20 million users for its payments feature but now WhatsApp has received approval from the National Payments Corporation of India (NPCI) to expand the payments feature to 100 million users. WhatsApp was allowed to launch payment services in November 2020 with a limit of 20 … Read more

RBI Monetary Policy: Repo rate unchanged at 4%, GDP growth forecast at 7.2% in FY23

RBI Monetary Policy: Document with Financial Data

The Reserve Bank of India (RBI) on Friday 8th April 2022, for the 11th consecutive time, the Monetary Policy Committee (MPC) kept the lending rate or repo rate unchanged at 4% while the reverse repo rate has also been kept unchanged at 3.35%. This is the first meeting of the Monetary Policy Committee (MPC) of … Read more

Green Hydrogen Energy: India plans to produce 5 million tonnes of green hydrogen by 2030

Energy revolution: Green Hydrogen Energy

Green Hydrogen Energy: India is the third-largest consumer of fossil fuels in the world. The Indian government is aiming to drastically boost India’s dependence on green fuel. According to reports, the Ministry of Power on Thursday, 17 February 2022 said that India plans to produce 5 million tonnes of green hydrogen per annum by 2030. … Read more