Category: Business

Business

Lower sales realisation hit margins of cement makers in Q2

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Lower sales realisation hit margins of cement makers in Q2

Major cement manufacturers reported a decline in margins in the September quarter, mainly on account of lower prices, leading to lower sales realisation. Barring three leading cement producers — UltraTech Cement, Ambuja Cement, and Dalmia Bharat — other smaller players, including Nuvoco Vistas Corp, JK Cement, Birla Corporation, and Heidelberg Cement, reported a decline in…

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Business

FPIs withdraw record ₹94,000 crore from Indian equities in October on attractive Chinese valuations

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FPIs withdraw record ₹94,000 crore from Indian equities in October on attractive Chinese valuations

The elevated valuations of Indian equities have triggered a shift in investments towards China, where valuations are currently more attractive. File | Photo Credit: The Hindu Foreign investors pulled out a massive ₹94,000 crore (around USD 11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows, triggered…

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Business

FMCG firms worry over high inflation, squeezing urban market; hint price hike

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FMCG firms worry over high inflation, squeezing urban market; hint price hike

HUL, Godrej Consumer Products Ltd (GCPL), Marico, ITC, and Tata Consumer Products Ltd (TCPL) have expressed concerns over squeezing urban consumption. Representational file image. | Photo Credit: M. Karunakaran Leading FMCG companies reported a decline in margins in the September quarter on account of higher input costs and food inflation, which ultimately slowed down the…

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U.S. regulators reject amended interconnect agreement for Amazon data centre

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U.S. regulators reject amended interconnect agreement for Amazon data centre

As Big Tech races to grow its data centres needed to expand technologies like generative AI, locating centres directly on power plant sites has become an attractive option to power up quickly [File] | Photo Credit: REUTERS U.S. energy regulators rejected an amended interconnection agreement for an Amazon data centre connected directly to a nuclear…

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Business

Muhurat trading: Sensex rises 448 points, Nifty rallies above 24,300

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Muhurat trading: Sensex rises 448 points, Nifty rallies above 24,300

Photo used for representation purpose only. | Photo Credit: The Hindu Benchmark BSE Sensex rose nearly 448 points in the early session of special Muhurat trading on across-the-board buying by investors to mark the start of the new Samvat Year 2081. The 30-share index increased 447.90 points, or 0.56%, to 79,836.96 as all of its…

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Business

GST collection grows 9% to ₹1.87 lakh crore in October

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GST collection grows 9% to ₹1.87 lakh crore in October

Representative image | Photo Credit: Getty Images Gross GST collection grew 9% to over ₹1.87 lakh crore in October on higher revenues from domestic transactions. India’s Gross Goods and Services Tax (GST) collections surpassed ₹1.87 lakh crore in October, marking the second highest monthly collections on record, with growth rebounding to 8.9% in October from…

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Business

Bibek Debroy: Tributes pour in after death of noted economist

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Bibek Debroy: Tributes pour in after death of noted economist

Finance Minister Nirmala Sitharaman with economist Bibek Debroy. File | Photo Credit: X/@nsitharaman Bibek Debroy, chairman of the Prime Minister’s Economic Advisory Council, died on November 1, 2024, aged 69. The news of the death of the economist, author and professor drew condolences and tributes from Ministers, politicians and others from his field. Prime Minister…

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Business

High-value debt listed entities: SEBI proposes doubling threshold to ₹1,000 crore

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High-value debt listed entities: SEBI proposes doubling threshold to ₹1,000 crore

Markets regulator Securities and Exchange Board of India (SEBI) has proposed raising the threshold for identifying High Value Debt Listed Entities (HVDLEs) to ₹1,000 crore from ₹500 crore at present to reduce compliance burdens. Currently, an entity having outstanding value of listed non-convertible debt securities of ₹500 crore and above are referred to as ‘High…

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Business

Royal Enfield October sales up 31% to 1,10,574 units

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Royal Enfield October sales up 31% to 1,10,574 units

Representational file image. Photo: Special Arrangement Royal Enfield posted monthly sales of 1,10,574 motorcycles in October 2024, up 31% over the same period last year. The company exported 8,688 motorcycles during the month as compared to 3,477 during the same period last year. B. Govindarajan, CEO, Royal Enfield said, “All our new and existing motorcycles…

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