Raymond Ltd announced on July 4 that its board has approved the demerger of its real estate business, Raymond Realty Limited, aiming to unlock the full value of this segment. Unlocking Growth Potential in Real Estate The primary objective of this demerger is to capitalize on the growth opportunities within the real estate sector and…
Airtel Joins Jio in Raising Mobile Tariffs Bharti Airtel announced a significant increase in mobile tariffs by up to 20% effective July 3. This announcement came just a day after Reliance Jio, the market leader, implemented a similar hike. The new pricing details reveal that unlimited calling plans will now cost 11-20% more across both…
Introduction Education is often seen as the stepping stone to success, particularly in a country like India where academic achievements can significantly influence one’s career trajectory. However, the rising cost of higher education poses a significant challenge for many students and their families. This is where student loans come into play, providing the necessary financial…
The Securities and Exchange Board of India (SEBI) recently announced several regulatory updates, including changes to the delisting framework, adjustments to futures and options (F&O) inclusion criteria, and new restrictions on financial influencers (finfluencers). These changes aim to create a more equitable and secure market environment. Revised Delisting Framework: Easier Path for Promoters SEBI has…
The world is on the brink of a technological revolution, and businesses everywhere are eager to leverage artificial intelligence (AI) to transform their operations. Srini Pallia, CEO and managing director of Wipro, underscored this in the company’s annual report for 2023-24. Wipro’s AI-Driven Ecosystem: ai360 Last year, Wipro launched ai360, an AI-first ecosystem supported by…
At the annual general meeting (AGM) of Adani Enterprises, chairman Gautam Adani emphasized the company’s strategic positioning to benefit from the burgeoning infrastructure sector in India. Addressing shareholders via video conference at the company’s 32nd AGM, Adani highlighted the critical role state governments play in driving infrastructure investments. Strategic Position in Infrastructure Gautam Adani stated,…
Introduction to the 2024 Election Landscape The 2024 U.S. Presidential Election is shaping up to be one of the most closely watched and highly contested elections in recent history. As we navigate through the campaign season, understanding the trends and dynamics at play is crucial for voters, analysts, and political strategists alike. This article delves…
Prosus has drastically marked down its investment in Byju’s to zero, resulting in a loss of $493 million, according to the company’s FY24 annual report released on June 24. Despite this significant write-off, Prosus management remains hopeful about Byju’s future, emphasizing the need for governance reforms to safeguard shareholder interests. Byju’s Financial Health Under Scrutiny…
Consumer durable stocks, including those of Havells, Voltas, Crompton Greaves, and Symphony, are poised for substantial growth. Goldman Sachs has revised its targets, predicting a significant rise in air conditioner (AC) sales for FY25, with an expected growth rate of 30%, up from the previous estimate of 15%. Surge in Demand for Cooling Products Goldman…
The government is contemplating raising the income tax exemption limit to Rs 5 lakh under the new tax regime, offering no relief for others. To spur consumer spending and bolster GDP growth, the government is considering lowering personal income tax rates, multiple officials suggest. An official mentioned that the income threshold for tax exemption might…
