29 C 
Godrej Properties Q2 profit declines 62% to 154 crore
In the same quarter last year, the company reported net profit of Rs 405 crore
LuLu leases 62,035sq ft at Greater Noida mall for 15 years, with total rent nearing 51 crore
LuLu International Shopping Malls has leased 62,035 sq ft at I-Thums Galleria in Greater Noida for 15 years, with total rent nearing 51 crore. The deal comes as the UAE-based retailer targets 25 outlets across Delhi-NCR by 2030.
Italian fashion brand OVS plans 11 stores by 2028, faster growth from 2029
Italian fashion retailer OVS plans to have 11 stores in India by 2028 before accelerating expansion from 2029, focusing on metros and tier-one markets as it assesses demand.
Heritage Foods to absorb yoghurt arm
Aims to raise value-added products share of dairy revenue to 50% in 3 years
Torrent Pharma Q2 profit falls 9.6% to 534 crore, revenue rises 51%
Torrent Pharma's Q2FY27 net profit declined 9.6 per cent to 534 crore despite a 50.8 per cent rise in revenue, as higher finance costs and depreciation weighed on earnings
SBI Cards Q2 profit jumps 75% YoY to Rs 778 crore as bad loan costs fall sharply
SBI Cards reported a 75% year-on-year profit increase to Rs 778 crore in Q2 FY27, driven by lower credit costs and improved asset quality. However, corporate card spending declined, receivables contracted, and net interest margins narrowed.
Shree Cements profit falls 15% on cost escalation
The company is well-positioned to deliver sustainable and profitable growth in the quarters ahead, said MD Neeraj Akhoury
Bharat Electronics among 4 Sensex stocks to hit 52-week lows; shares fall up to 9% in a month
Four Sensex stocks, including Bharat Electronics, NTPC, Power Grid Corporation and Hindustan Unilever, touched fresh 52-week lows on Friday as the benchmark index declined. The four stocks have fallen between about 6% and 9% over the past month, reflecting continued weakness in their share prices.
Dr Reddys Q2 Results: Net profit falls 36% YoY to Rs 913 crore, revenue declines marginally
Dr Reddys Laboratories reported a 36% year-on-year profit decline to Rs 913.4 crore in Q2 FY27, while revenue slipped 1.5%. North America weakness pressured performance, offset partly by growth in India and emerging markets, alongside biosimilar approvals and strategic partnerships.
Mumbai (Maharashtra) [India], October 23: Binance, the global blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and registered users, revealed that its AI-assisted security systems protected more than 8 million users and prevented approximately $4.6 billion (38,640 crore approx.) in potential losses during the first half of 2026, demonstrating how advanced technology is combating crypto-related fraud and scams in real-time.
Banks see 5.19 lakh crore deposit outflow, credit shrinks 2.52 lakh crore
Kolkata's banking sector faced a Rs 5.19 lakh crore withdrawal of deposits in the fortnight ending October 15. Credit outstanding also contracted by Rs 2.52 lakh crore during the same period. Consequently, credit growth decreased to 18.2% from 19.4% in the prior fortnight. Meanwhile, deposit growth recorded a decline to 16.7% compared to 17.8%. The overall outstanding deposits reached Rs 278.76 lakh crore and outstanding credit was Rs 227.
Dr Reddys Q2 net profit falls 36% to 925 crore
Revenue dips 1.5%; results hit by 239 crore provision related to Semaglutide API
IBM India leases 2.83 lakh sq. ft. at Bagmane tech park in Bengaluru
IBM India has leased office space at Bagmane Solarium City in Bengaluru for 10 years, with monthly rent of 2.49 crore, a 14.96 crore deposit and additional fit-out costs
The 342-km Bengaluru-Vijayawada greenfield highway is part of the Bengaluru-Kadapa-Vijayawada Economic Corridor under Bharatmala Pariyojana Phase II. The six-lane, access-controlled road aims to improve connectivity between Karnataka and Andhra Pradesh.
IndusInd Bank posts 1,242 crore Q2 profit as provisions decline sharply
IndusInd Bank reported a net profit of 1,242 crore in Q2FY27 against a loss a year ago, aided by lower provisions and higher other income, while asset quality improved
JSW Steel Q2 net up three-fold on higher volumes, better realisation
The company spent 11,136 crore on capex in the first half of this fiscal year and plans to invest another 12,864 crore in the second half, bringing total investment to 22,000-24,000 crore in FY27
RBI tightens leverage ratio rules, keeps minimum capital thresholds unchanged
The RBI has tightened how banks calculate leverage by widening the measurement of derivatives, repo transactions and off-balance-sheet exposures, while retaining the minimum ratios at 4% for systemically important banks and 3.5% for others. The norms, effective April 1, 2027, also strengthen disclosure requirements and restrict the use of collateral and netting to reduce reported exposures.
Flipkart deal helps Netflix log record quarterly subscriber gains in India
Netflix reported record quarterly paid subscriber additions in India and 18 per cent revenue growth in Q3 2026, aided by its transaction-based loyalty partnership with Flipkart
Infosys CEO says macro recovery looks a little bit more uneven than expected
Infosys has lowered its FY27 revenue growth forecast to 1-2%, indicating challenges in recovering technology spending. Chief executive Salil Parekh noted uneven market conditions, with some sectors yet to experience improvement. Despite growing AI-related revenue, traditional services are facing productivity compressions as clients aim to cut costs. The company achieved large deal wins worth $3.6 billion, with most being net new business.
Petronet LNG, Gruner Renewable form JV to invest 1,200 crore in CBG plants
The 50:50 joint venture plans to develop 10 compressed biogas plants across India, with a combined capacity of 180 tonnes per day, strengthening Petronet LNG's renewable-gas presence
The development comes at a difficult time for PepsiCo, which has been trying to improve the performance of its salty snacks business. The company has also faced weakness in its North American soft drinks division.
RBI issues final leverage ratio rules for banks
Jio Platforms has achieved a remarkable milestone, garnering over one crore applications for its upcoming initial public offering. This surge signifies a burgeoning interest from India's retail investors in technology sectors. With the IPO set to debut on October 28, maintaining this enthusiasm is crucial. The communication strategies employed mirror those found in consumer marketing, urging potential investors to evaluate their financial objectives carefully before engaging with the IPO.
Elon Musk has reportedly invested about $1 billion in Skydance, which recently acquired Warner Bros. Discovery for $110 billion. The investment comes as the company faces nearly $87 billion in debt and plans $6 billion in cost cuts. Skydance shares fell after initially rising on the report.
Torrent Pharma Q2 net profit falls 10% to 534 crore; revenue rises 51%
Revenue from operations of the Ahmedabad-based company increased 50.8 per cent to 4,979 crore in the quarter, compared with 3,302 crore a year earlier
INA Solar Partners with US-Based Caelux in 3 GW Agreement; Targets 29% Module Efficiency by 2028
New Delhi [India], October 23: Insolation Energy Limited (INA Solar), through its subsidiary Insolation Green Energy Private Limited, has entered into a five-year strategic partnership with US-based Caelux Corporation for the commercialisation of 3 GW of advanced solar modules integrating Caelux's proprietary Energy Producing Glass technology with INA Solar's N-Type TOPCon platform.
Tata Motors CVs profit rebounds to 2,138 crore in Q2 as revenue jumps 41.9%
The company moved closer to completing its 3.91-billion Iveco acquisition
inDrive Steps Forward to Support Flood-Affected Families in Lucknow
New Delhi [India], October 23: inDrive, the global mobility and delivery services platform, organised a food donation camp in Lucknow, Uttar Pradesh, supporting drivers and families affected by rising floodwaters.
BlueStone tweaks product mix, store model as gold prices reshape demand
Rising gold prices push the omnichannel jewellery retailer to rethink entry-level offerings and test new retail formats, as 44% top-line growth is offset by margin pressure and a lower average basket size.
Deepak Reddy to replace Tapan Singhel as Bajaj General Insurance MD & CEO
Deepak Reddy will take over as MD & CEO in April 2027, subject to IRDAI approval, as Tapan Singhel approaches the regulatory limit of 15 years at the helm of an insurer.
Infosys beats Q2 estimates, lowers annual revenue forecast
Infosys revised its revenue growth forecast for the fiscal year ending March 2027 to 1%-2% from its earlier estimate of up 1.5%-3%.
The junction caters to over five lakh residents and is aimed at reducing traffic congestion on one of Greater Noida Wests busiest traffic corridors.
Tata Motors posts Q2 profit on strong commercial vehicle demand
The automaker reported a profit of 2,138 crore rupees ($225.19 million) for the July to September quarter, compared with a loss of 1,021 crore rupees a year earlier. The profit included a one-time gain of 218 crore rupees.
The ET HR Excellence Awards 2027 celebrates the pivotal contribution of talent acquisition leaders to organizational success. By implementing efficient hiring strategies, these professionals not only enhance their credibility but also demonstrate their significant influence on refining recruitment practices, workforce planning, and developing sustainable talent pipelines that align with long-term business objectives.
Kilitch Drugs to divest entire stake in its Ethiopian subsidiary for $14 million
The proposed transaction is part of the companys strategy to optimise its portfolio, strengthen financial flexibility and accelerate investments in its pharmaceutical manufacturing operations in India, it said
Infosys dividend alert! IT major announces Rs 26 per share dividend. Check record date
Infosys has declared an interim dividend of Rs 26 per equity share for its shareholders. The record date for this dividend is set for November 3, with payment scheduled for November 11. This announcement follows a final dividend of Rs 25 per share declared in June.
IHG Hotels & Resorts inks 156-key Holiday Inn Raipur in Chhattisgarh
Scheduled to open in Q1 2031, the property will offer 156 keys, the company said
Jindal Steel Q2 net profit rises 21% to 771 cr on higher sales volumes
Jindal Steel reported a 21% rise in Q2FY27 net profit to 771 crore, supported by higher sales volumes, while total income grew 26% to 15,289 crore.
Bharat Biotech slashes price of malaria vaccine MOSQIVAC by 40%
Bharat Biotech said the move will help protect another 1 million children and generate $50 million in savings.
Infosys Q2 Results: Profit rises 6% YoY to Rs 7,823 crore; co lowers revenue guidance
Infosys Q2 Results: IT services major Infosys Ltd on Friday reported 6% year-on-year (YoY) growth in its consolidated net profit at Rs 7,823 crore in the second quarter. The same stood at Rs 7,364 crore in the year-ago period. The company has trimmed its revenue growth guidance to 1-2% in constant currency for FY27 as against 1.5-3% given earlier.
Infosys Q2 results: Net profit rises 6.2% to 7,823 cr, revenue up 10.2%
Infosys Q2 results: Net profit rises 6.2% to 7,823 cr, revenue up 10.2%
IndusInd Bank Q2 Results: Lender posts profit of Rs 1,176 crore vs Rs 445 crore loss a year ago
In the second quarter of this fiscal year, IndusInd Bank reported a standalone net profit of Rs 1,176 crore, showcasing a remarkable turnaround from a loss of Rs 445 crore in the same quarter last year. The bank's net interest income increased by 4% year-on-year to Rs 4,569 crore, driven by enhanced asset quality, while gross non-performing assets decreased to 2.73% of gross advances, indicating robust profitability and growth momentum.
Tata Motors CV Q2 Results: Co swings to black with Rs 1,254 crore profit; revenue jumps 37% YoY
Tata Motors CV Q2 Results: The improvement in profitability was driven by lower mark-to-market losses on investments in Tata Capital Ltd. The company reported a strong net cash position of Rs 15,900 crore as of September 30, 2026.
Owaisi preaching in UP what he never practised at home, alleges Congres leader
Congress leader Mohammad Waliullah Sameer has openly criticized Asaduddin Owaisi's political assertions in Uttar Pradesh. He highlighted the AIMIM president's failure to nurture new Muslim leaders within Telangana, pointing out that AIMIM contested a mere nine constituencies out of 119 in the latest elections. Sameer argues that political dominance remains unchallenged, with many Muslims still facing significant difficulties in representation.
Mallika Sherawat's Los Angeles bungalow is a stunning blend of rustic charm and contemporary luxury. It features a beautifully designed kitchen with European accents, an open-plan living space, and multiple swimming pools set amidst lush greenery, creating a serene retreat. Vintage-inspired furniture adds character, while a dedicated gym supports her fitness goals. For socializing, a quaint cottage in the backyard offers a comfortable setting for gatherings with friends.
GD Goenka Group opens its Second Flagship School on Sohna Road, Gurugram
Gurugram (Haryana) [India], October 23: The GD Goenka Group has announced GD Goenka Flagship School on Sohna Road, Gurugram, strengthening its presence in the National Capital Region and reinforcing its focus on education that combines academic achievement with life skills, values and holistic development.
Tata Motors swings to Q2 profit of 2,138 crore on strong CV demand
Tata Motors reported a quarterly profit of 2,138 crore, reversing a year-earlier loss of 1,021 crore, supported by healthy commercial vehicle demand and strong freight activity
McKinsey Asia chairman Gautam Kumra discusses why owner-led businesses have outperformed professionally managed and state-owned peers, accounting for $7 trillion of the $14 trillion in market value created by Asias top 300 companies over 25 years. He explains the leadership traits that distinguish founders, succession challenges, AI adoption and why Indian businesses must look beyond domestic markets to build global franchises.
Driving licences in India may have different colours: Check all changes in plan and why
The Ministry of Road Transport and Highways (MoRTH) has proposed colour-coded driving licences for Indian and foreign nationals, mandatory blood group and emergency contact details, and stricter safe-driving assessments. Draft amendments to the Central Motor Vehicles Rules also propose a 75% passing threshold, free changes to personal details, Aadhaar-based fee waivers for select online services, and a 15-day deadline for licence updates.
Adani Power net profit Q2 FY27 jumps 134% to 6,919 crore
Revenue from operations rose 44% to 19,439 crore in the quarter from 13,457 crore a year ago, on stronger demand and higher selling rates
CG Power and Industrial Solutions Q2 profit jumps 44% to 409 crore
During the quarter, the company's total income increased to Rs 3,883.25 crore from Rs 2,988.89 crore in Q2 FY26
ET Product of the Year Awards 2026: Recognising HR and worktech products shaping the future of work
The ET Product of the Year Awards 2026 honor exceptional HR and WorkTech solutions that drive organizational success and transform the marketplace. To be considered, nominees are required to have been launched or significantly enhanced between January 1, 2025, and September 30, 2026. Evaluation criteria will focus on innovation, user adoption, quality of execution, and overall market influence.
Adani Power Q2FY27 results: Net profit rises 142% to 7,019 crore
Adani Power on Friday posted about a 142 per cent jump in its net profit to Rs 7,019.32 crore in the September quarter of FY27, citing higher revenue and one-time income. Profit after tax stood at Rs 2,906.46 crore in Q2 FY26, the company said in a statement. Operating revenue increased by 29.8 per cent to Rs 17,014.06 crore during the quarter under review from Rs 13,106.34 crore in Q2 FY26, it said. The growth was driven by higher volumes on account of a significant increase in electricity demand and higher tariffs under the power purchase agreement (PPA) due to a sharp increase in imported coal prices and improved merchant realisation, Adani Power said. Also, there was one-time prior period revenue recognition of Rs 2,422.25 crore in Q2 FY27, primarily due to the revision in historic energy charges under certain PPAs, as compared to Rs 668.53 crore in Q2 FY26, it explained. Finance costs were lower by 9.7 per cent at Rs 760.23 crore in the latest September quarter, compared to R
Tech Mahindra buys Finastra's cash management suite to expand portfolio
The deal includes Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquidity Management, ensuring customer continuity and supporting future growth.
SBI Card Q2 profit rises 75% to 778 crore as asset quality improves
SBI Card's profit after tax rose to Rs 778 crore in the September quarter as gross NPAs fell to 1.90% and loan loss provisions declined 36.6% year-on-year
NHB appoints forensic auditor for SRG Housing Finance
The National Housing Bank (NHB) has appointed ASA & Associates LLP to conduct a forensic audit of SRG Housing Finance amid allegations of fictitious loan accounts worth 300400 crore, repayment record manipulation and possible fund diversion. The investigation will examine loan disbursements, borrower identities, asset classifications and fund usage, with findings potentially shaping regulatory action and the lenders financial outlook.
Bajaj Finserv says Deepak Reddy appointed as CEO designate of Bajaj General Insurance
Bajaj General Insurance has appointed Deepak Reddy as CEO designate from January 1, 2027. He will take over as managing director and CEO on April 1, 2027, subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI).
Godrej Foundation inks pact with Maha govt to strengthen HR systems
The Godrej Foundation and Maharashtras General Administration Department, alongside Samagra Development Foundation, signed a two-year partnership to overhaul state HR systems
Meesho's branded push reaches deeper into small-town India as demand grows
Meesho Mall's net merchandise value rose 93% year-on-year in the June quarter, while orders on the first day of its festive sale more than tripled as branded products gain traction in smaller towns
Berlin Global Dialogue: Goyal says Indias trade deals could cover $85 tn of $115 tn global GDP
Madras High Court quashes criminal proceedings against protesters seeking Tamil as official language
The Madras High Court has quashed criminal proceedings against protestors from Theni who advocated for Tamil. The protest occurred on February 11, 2024, where they demanded Tamil's official recognition in the High Court. Although accused of unlawful assembly and threatening police, the court deemed the proceedings an abuse of legal processes. The court noted the allegations were primarily based on police testimony without other witness support.
Anilkumar Bolla UAE lottery winner: Indian expat Anilkumar Bolla won the UAE Lotterys Dh100 million jackpot in October 2025. A year later, he has bought property in India and the UAE, gifted gold jewellery to his mother and farmland to his father, and begun exploring business opportunities. He says spending quality time with family is now his biggest reward.
JSW Steel Q2 Results: Net profit rockets 225% YoY to Rs 5,279 crore; revenue rises 21%
JSW Steel Q2 Results: The metal majors revenue from operations increased nearly 21% YoY to Rs 54,486 crore during the quarter under review, from Rs 45,152 crore reported in the same period last year.
Shree Cement's Q2 profit falls 15% to 263.46 cr, revenue surges 23%
The company posted a net profit of 309.82 crore a year ago
Bomb threat note in Kolkata airport toilet triggers search; no flight disruption
A bomb threat note was found at Netaji Subhas Chandra Bose International Airport on Friday morning. The note was discovered in a women's toilet by a cleaning staff member, who alerted authorities promptly. Security personnel, including the bomb squad and CISF, conducted extensive searches around boarding gate number 30. There was no disruption to flight operations during this incident, which raised security concerns.
2nd Ind-NZ T20I: Pressure mounts on visiting bowlers at batting-friendly Christchurch
India aims to improve their bowling performance in the second T20 International against New Zealand on Saturday. The absence of Hardik Pandya has left a gap in the all-rounder department, leading to concerns. India's batters had previously saved the team with a record chase, highlighting ongoing bowling issues. New Zealand will try to contain India's strong top-order to challenge them during the match.
Adani Power Q2 Results: Profit zooms 134% YoY to Rs 6,919 crore; revenue jumps 45%
Adani Power has reported an impressive consolidated net profit of Rs 6,919 crore for the second quarter of FY27, which marks a striking 134% increase from last year's profit of Rs 2,953 crore during the same period. Additionally, their operational revenue surged to Rs 19,439 crore, representing a 45% growth from Rs 13,457 crore the previous year.
LPG under recovery rises to 327/cylinder in November: HPCL
Under recovery during March 31, 2026 and September 30, 2025 was around 12,798.67 crore and 14,240.64 crore, respectively
Saif Ali Khan sells 797 sq ft Bandra West apartment with two parking spaces for Rs 4.11 crore
Saif Ali Khan has sold a 797 sq ft apartment in Bandra West, Mumbai, for Rs 4.11 crore, along with two open parking spaces, according to property registration documents accessed by CRE Matrix. In a separate deal, the actor has leased two commercial units on Andheri Kurla Road to Durva Fintech Private Limited for Rs 22.76 lakh per month. The actor also owns a family home in Satguru Sharan and previously purchased an apartment in Fortune Heights, Bandra.
From mercury to gold? This San Francisco startup claims it can produce yellow metal at will
San Francisco-based startup Marathon Fusion claims to have converted mercury into stable gold using fusion-generated neutrons, at a rate 10 times the record set by CERN in 2025. However, it has not disclosed the quantity of gold produced, leaving the commercial potential of the breakthrough unclear.
'The golden age of America is here!': Trump says Bombardier to invest $270 million in US
China's Sigenergy to build inverter, battery storage plants in India
The company, which began operations in India earlier this year, will first build an inverter manufacturing plant that is expected to be operational by the second quarter of 2027
Sterlite Technologies Q2 Results: Profit surges 12,817% YoY to Rs 517 crore, revenue jumps 145%
Sterlite Technologies reported a 12,817% year-on-year jump in Q2 FY27 net profit to Rs 517 crore, while revenue surged 145% to a record Rs 2,529 crore. Strong demand for AI-ready digital infrastructure, improved margins and a one-time tariff refund gain supported performance, as its open order book reached Rs 35,274 crore.
France braces for new protests as Macron seeks to restore order
France is bracing for fresh protests after a week marked by urban unrest during previous demonstrations. President Macron is set to convene with security officials and high school representatives to tackle these persistent issues. In response to escalating tensions and the impending presidential elections, certain cities have enacted protest bans for public safety. New polls show far-right candidate Marine Le Pen gaining a significant lead as elections approach.
Pune (Maharashtra) [India], October 23: Premium Motion Private Limited (PMPL), part of the Premium Group, today unveiled India's First Fully Indigenous AI-Enabled, cost effective Integrated Solar Tracking Solution at the Renewable Energy India (REI) Expo 2026, held at the India Expo Centre & Mart, Greater Noida. The solution was unveiled by Mr. Rajesh Goyal, Business Head, ISGEC Heavy Engineering Limited, Noida, and Mr. Neeraj Bisaria, Managing Director and President of the Premium Group.
The Bond who came back from the dead
When a business outgrows its founder: Building a leadership team that can scale
As companies grow, founders must learn to delegate decisions, align senior leaders and build a culture that can hold together as teams expand. The Economic Times Founders Growth Retreat 2026 will explore how businesses can reduce founder dependency and create leadership teams equipped to manage the next stage of growth.
Mumbai (Maharashtra) [India], October 23: Hexaware Technologies (NSE: HEXT), an AI-first digital and IT services company, hosted a delegation led by Tracy Brabin, Mayor of West Yorkshire, and Bev Craig, Mayor of Greater Manchester, as part of The Great North's first joint mayoral-led trade mission to India
HPCL refinances 50,000 cr Rajasthan refinery debt, eyes 1,000 cr savings
Hindustan Petroleum Corp. (HPCL) has refinanced about Rs 50,000 crore of debt at its Rajasthan refinery, securing a reduction of around 105 basis points in borrowing costs and targeting annual interest savings of about Rs 1,000 crore through a broader restructuring of the project's finances, Chairman and Managing Director Vikas Kaushal said on Friday. The refinancing, effective October 3, is expected to save the company about Rs 470 crore to Rs 550 crore annually, Kaushal told analysts on an earnings call. Additional equity infusions, conversion of subordinated loans into equity and interest-free state support are expected to further ease the refinery's financing burden as HPCL ramps up operations at the facility. The 9 million tonnes a year refinery in Rajasthan was built at a cost of Rs 79,459 crore, with HPCL (74 per cent) and Government of Rajasthan (26 per cent) as equity partners. HPCL Rajasthan Refinery Limited (HRRL), the joint venture company, part refinanced existing proj
Bidding for the $3.2 billion issue continues, with the IPO subscribed nearly 7 times and investors bidding for over 147 crore shares against 19.75 crores offered
The market capitalisation of BSE-listed companies fell below Rs 450 lakh crore for the first time since April as Sensex and Nifty extended losses for a fourth straight session. Nearly Rs 25 lakh crore has been wiped out this week, with soaring crude prices and rising bond yields weighing on sentiment.
Honasa Consumer elevates Vipul Maheshwari to Chief Product & Technology Officer amid AI push
Honasa Consumer Limited shares fell 3.45% to 427.15 on the NSE by 1:30 PM, against a previous close of 442.40, with sell orders outpacing buy orders
Bharat Biotech announcesequitable pricingfor Malaria vaccine
The agreement, executed by UNICEF and financially backed by Gavi, the Vaccine Alliance, will cut the price of the vaccine by approximately 40%
Godrej Properties Q2FY27 results: Net profit falls 62% to 154 crore
Realty firm Godrej Properties on Friday reported a 62 per cent decline in its consolidated net profit to Rs 154.15 crore for the quarter ended September, on higher expenses. Its net profit stood at Rs 405.08 crore in the year-ago period. Total income rose to Rs 2,571.73 crore in the second quarter of this fiscal from Rs 1,950.05 crore in the corresponding period of the preceding year, according to a regulatory filing. Godrej Properties is one of the leading real estate developers in the country.
Fourth Partner Energy secures 750 cr for renewable project in Maharashtra
Fourth Partner Energy Ltd. (FPEL) has secured Rs 750 crore in financing from Tata Capital Cleantech Finance (TCCL) to develop a hybrid renewable energy project in Maharashtra combining solar, wind and battery storage, as developers increasingly turn to energy storage to provide more predictable clean power to corporate consumers. The project comprises 300 megawatts-peak (MWp) of solar capacity, 50 MW of wind power and a Battery Energy Storage System (BESS) with a capacity of 750 megawatt-hours (MWh). It is expected to generate more than 630 million units of clean electricity annually for corporate customers in the state, FPEL said in a statement on Friday. The company has received an initial disbursement of nearly Rs 375 crore against the total financing sanction of Rs 750 crore, said Pradhyum Reddy, FPEL's head of corporate finance and renewable capital. The project comes as India's commercial and industrial power consumers seek more reliable renewable electricity supplies and ...
Jeff Bezos is reportedly linked to a $69.5 million Golden Beach oceanfront estate, a record single-family home purchase for the area. The seven-bedroom property may expand his South Florida holdings, though the buyer remains unconfirmed because it was purchased through an LLC.
Jio Platforms IPO creates history: First issue globally to cross 1 crore applications
Jio Platforms has received over 1 crore applications, setting a global record for investor participation ahead of its October 23 closing. The Rs 30,213-crore issue was subscribed 7.49 times by 12:36 pm on Friday, led by strong demand from qualified institutional buyers and non-institutional investors.
HPCL refinances 50,000 cr Rajasthan refinery debt, eyes 1,000 cr annual interest savings
The refinancing, effective October 3, is expected to save the company about 470 crore to 550 crore annually
SBI data leak scare: Bank contacts affected customers. Is your money safe?
State Bank of India has begun notifying customers potentially affected by a recent cyber incident. The bank assured customers that their account balances and funds remain secure throughout the investigation. Alerts were received about the data exposure from cybersecurity agencies, prompting immediate action by the bank. A total of 3,897 records containing personal customer information were identified in the investigation.
NIFTY IT trims intraday gains; TCS bucks trend as sector logs sharp monthly recovery
TCS led the pack with a gain of 1.16% to 2,536, while Infosys added 0.21% to 1,155 and HCL Tech was nearly flat
