Trent witnessed sharp growth in revenues in Q1FY23, which were much ahead of estimates. 3Y revenues CAGR at ~30% was impressive. GMs declined as the intensity in discounting and promotions returned. Costs normalised and Ebitda was in line. Westside clocked 24% LFL growth on a 3Y basis, but pent-up demand should have helped, in our …
India is all set to celebrate the 75th year of Independence on Monday. India has come a long way since its independence from British rule, and so have the country’s stock markets. The stock market trading in India began in the year 1855. Bombay Stock Exchange, now known as BSE, the first ever stock exchange …
Indian Institute of Technology Madras (IIT- M) researchers at the Centre for Research on Startups and Risk Financing (CREST) have developed an intelligence platform which brings together the entire spectrum of startup schemes from the government to the doorsteps of the entrepreneur.Developed and implemented in partnership with YNOS, an IIT-M incubated startup, the platform has …
DreamFolks Services IPO Day 2 Updates: DreamFolks Services IPO sailed through so far on the second day of sale with retail investors leading the subscription tally. The Rs 562 crore IPO opened for subscription on Wednesday after having raised Rs 252.9 crore from 18 anchor investors. The public issue saw massive interest from retail investors …
Markets regulator Sebi on Thursday said it will auction properties of two companies — Sumangal Industries and GSHP Realtech Ltd — on August 25, to recover money that was illegally raised from investors. A total of eight properties of these two firms will be auctioned for a reserve price totalling Rs 9.8 crore, according to …
Amid the mega outreach exercise of the national flag reaching a crescendo with the ‘Har Ghar Tiranga’ campaign and the criticism from some sections that we are moving in the direction of western countries such as the US, where people are free to do anything with it, industrialist and former MP Naveen Jindal said diginity …
By Ashley Coutinho The Securities and Exchange Board of India (Sebi) has come out with a broad framework for investment by portfolio management services (PMS) in securities of related party entities and associates. “The portfolio manager may make investments in the securities of its related parties or its associates only after obtaining the prior consent …
Mukesh Ambani’s Reliance Industries has scheduled its Annual General Meeting for August 29, and many expect announcements about share market listing of either Reliance Jio, Retail or O2C businesses along with the launch of 5G services. This year’s annual general meeting will be the 45th AGM of Reliance since its IPO (Initial Public Offering). Reliance …
By Bhavik Patel WTI Crude started August on the decline, following the first back-to-back monthly losses in June and July since the end of 2020. Oil prices have plunged by more than 7% since the start of August. Currently the sell off in crude oil is on back of expected weak demand as recession looms …
By Ashley Coutinho After nine consecutive months of outflows, the net flows from foreign portfolio investors (FPIs) into Indian equities turned net positive in July. Market pundits are now hoping that a weak US economy would slow the pace of monetary tightening by the US Federal Reserve, and probably lead to a pause in rate …