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06 May

IHCL ANNOUNCES FINANCIAL RESULTS FOR Q4 & FULL YEAR FY 2024-25

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#IHCLRESULTS ~ PROPOSES DIVIDEND AT 20% OF CONSOLIDATED PAT Chandigarh: The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for the fourth quarter and full year ending March 31st, 2025. CONSOLIDATED FINANCIAL RESULTS FOR Q4 AND YEAR ENDED 31ST MARCH 2025 Q4 YoY PERFORMANCE Revenue ↑ 27% EBITDA ↑ 30% EBITDA % ↑ 0.8pp PAT ↑ 25% ₹ 2,487 Cr ₹ 918 Cr 36.9 % ₹ 522 Cr* YEAR ENDED MARCH 31ST YoY PERFORMANCE Revenue ↑ 23% EBITDA ↑28% EBITDA % ↑ 1.4 pp PAT ↑ 52% ₹ 8,565 Cr ₹ 3,000…

05 May

Bank of Baroda Lowers Home Loan Interest Rates to 8.00% p.a.

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#BoBLowersHomeLoanRates Chandigarh: Bank of Baroda (Bank), one of India’s leading public sector banks, has announced a reduction in its Home Loan interest rates. The Bank’s home loan rates now start from 8.00%* p.a. (earlier 8.40% p.a.). The rates are applicable on fresh home loans and home improvement loans. The rate is applicable on loans of Rs 15 lakh and above and is linked to a borrower's credit score. The Bank had already passed on the Repo rate reduction benefits to its existing borrowers with loans linked to Repo rate. Further, the Bank is offering a concession of 0.05% p.a. for…

05 May

M&M Q4 and FY25: Record Profits: FY25 Consolidated PAT at Rs 12,929 cr., up 20%*

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#M&MResultsFY25 Q4 Consolidated PAT at Rs 3,295 cr., up 20% Dividend of Rs 25.3 per share, up 20% Chandigarh: The Board of Directors of Mahindra & Mahindra Limited today approved the financial results for the quarter and year ended 31st March 2025. Key financials: Rs cr. Q4 F25 Q4 F24 Growth% YoY F25 F24 Growth% YOY Consolidated Results Revenue 42,599 35,452 20% 159,211 139,078 14% PAT 3,295 2,754 20% 12,929 11,269 15%# PAT is PAT after Non-Controlling Interest. For summary of standalone financials, refer Annexure 1 # 20% growth excluding impact of KG Mobility…

05 May

CaratLane launches ‘The Nudge’ – Chapter 2 of its Engagement Campaign

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#CaratLaneTheNudge Chandigarh: CaratLane, India’s leading omni-channel jewellery brand, has unveiled the second phase of its ongoing proposal campaign series with a new film titled The Nudge. Conceptualised by BBH India, the film is built on a powerful emotional insight—men often procrastinate when it comes to commitment, and sometimes, all they need is a gentle nudge to act. The second chapter in its proposal campaign series, this heartfelt film encourages men to embrace commitment before it’s too late. Featuring rings from CaratLane’s 400+ engagement ring collection, and the special 73 faceted CaratLane Gulnaara, the brand film is a refreshingly real and…

05 May

एचडीएफसी फ्लेक्सी कैप फंड ने हर उतार-चढ़ाव में बेहतर प्रदर्शन किया

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#hdfcflexicapfund एचडीएफसी फ्लेक्सी कैप फंड ने हर उतार-चढ़ाव में बेहतर प्रदर्शन किया Chandigarh: चंडीगढ़ : एचडीएफसी फ्लेक्सी कैप फंड एक डायनामिक इक्विटी फंड है जो लार्ज, मिड और स्मॉल कैप कंपनियों में निवेश करता है। इस फंड ने पिछले 30 वर्षों में बाज़ार के कई उतार-चढ़ावों के बावजूद शानदार प्रदर्शन किया है। फंड की शुरुआत 1 जनवरी 1995 को हुई थी और इसका अब तक का औसत वार्षिक रिटर्न (CAGR): 18.82% (31 मार्च 2025 तक) रहा है। इस तरह फ़ंड की शुरुआत के दौरान निवेश किए गए ₹1 लाख की आज की वैल्यू: ₹1.84 करोड़ हो गई है। फ़ंड ने…

05 May

Shell, Reliance, and ONGC set benchmark with India’s first offshore facilities decommissioning project

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#RelianceONGCproject New Delhi: In a landmark achievement for India’s energy sector, the Panna-Mukta and Tapti (PMT) joint venture partners - Shell (through BGEPIL), Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation Limited (ONGC) have successfully completed the country’s first offshore facilities decommissioning project with the safe removal of mid and south Tapti field facilities. The PMT JV, operator of the Tapti fields under a production sharing contract with the Government of India, comprises of ONGC with a 40% participating interest, and RIL and BG Exploration & Production India Ltd (BGEPIL-Shell) with 30% each. The milestone project involved removal…

05 May

India’s MICE Industry Set to Be a Major Economic Driver, Generating High-Quality Jobs: Tourism Minister Shekhawat

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#IndiaMICEGeneratingJobs ‘Meet in India Conclave 2025 organized in Jaipur, Rajasthan Jaipur: The Ministry of Tourism, Government of India, in collaboration with the Department of Tourism, Government of Rajasthan, and the Federation of Indian Chambers of Commerce & Industry (FICCI), organized the Meet in India Conclave on 4th May 2025 at Jaipur, Rajasthan on the sidelines of the 14th Great Indian Travel Bazaar (GITB). Union Minister of Tourism & Culture, Shri Gajendra Singh Shekhawat, addressed the conclave and said that India’s Meetings, Incentives, Conferences, and Exhibitions (MICE) Industry is set to be a major economic driver, generating high-quality jobs. Speaking at the…

05 May

Indian Mutual Fund industry adds 3.5 lakh new unique investors in March

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#IndianMFundsadds3.5lakh The industry has added 22 lakh new folios during the month Mumbai: The latest industry data shows that the MF industry added 3.50 lakh new unique investors in March 2025. With this increase, the number of unique investors in MFs increased from 5.39 crore in February 2025 to 5.43 crore in March 2025. This number grew by 97 lakhs in FY25. The industry also added 22 lakh new MF folios in March taking its total folio count to 23.45 crore. The industry added a record 5.66 crore folios during FY25. Here are other key data of the industry: AUM…

04 May

NFO: Mirae Asset MF launches equal weight ETF

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#MiraeMFequalweightETF The NFO opens on April 30 and closes on May 6 Mumbai: Mirae Asset Mutual Fund has launched Mirae Asset Nifty50 Equal Weight ETF, a smart beta fund focusing on equal weight strategy. The underlying benchmark for this fund is the Nifty50 Equal Weight Total Return Index (TRI). The Nifty50 Equal Weight TRI gives equal weightage to all Nifty 50 large cap companies, which reduces concentrated exposure to individual stocks. Each stock weight is around 2%. “The ETF seeks to capitalise on opportunities in large cap segment when market is driven by a wider set of companies typically during…

04 May

NPCI Bharat BillPay onboards Airtel Payments Bank for NCMC enabled RuPay On-The-Go cards as a biller on Bharat Connect

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#NPCIBharatBillPayAirtel Chandigarh: NPCI Bharat BillPay (NBBL), a wholly owned subsidiary of National Payments Corporation of India (NPCI), has partnered with Airtel Payments Bank to enable recharges for the bank’s RuPay On-The-Go cards enabled with NCMC (National Common Mobility Card). With this integration on the Bharat Connect (BBPS) platform, users can conveniently top up their cards using any Bharat Connect-enabled apps. The NCMC program simplifies public transit across multiple cities in India. It offers travelers a seamless, hassle-free, and contactless experience on metros and buses with a single card. This integration aims to offer convenience to daily commuters by eliminating the…