Swiggy launched a new feature this festive season that allows users to easily scan, write or say their entire shopping list and build a cart automatically for a hassle-free shopping experience, according to the company's press release on Sunday, Oct 27. Swiggy offers this new shopping list feature in its Instamart platform, which provides quick commerce services to users.
Open FlipTamil Nadu Chief Minister M K Stalin and Union Urban Affairs Minister Manohar Lal reviewed the progress of the Rs 63,246 crore Chennai Metrorail phase 2 project, with Stalin thanking PM Modi and the Centre for approving the project and urging the release of Centre's funds, aiming to complete the project by 2026.
Open FlipSigning a tripartite ‘sale agreement' at the time of purchase will be mandatory for builders and homebuyers in all new housing projects in the city. The Noida Authority board on Saturday made a basic change in the way real estate transactions are conducted in the city, through which it will know who a flat has been sold to at the time the first payment is made.
Open FlipIndia's Securities and Exchange Board has introduced a new framework for investing in gold through Electronic Gold Receipts (EGRs), allowing investors to trade in gold on existing stock exchanges and a proposed gold exchange, with benefits including efficient price discovery, liquidity, and quality assurance.
Open FlipPraj Industries posted a consolidated net profit of ₹53.83 Crore for Q2 FY25, showing a 14% drop compared to ₹62.37 Crore in the same period of the previous fiscal. The company’s revenue for the quarter decreased by 7.5%, reaching ₹816.19 Crore, down from ₹882.33 Crore in Q2 FY24. Despite declines in profit and revenue, Praj Industries saw a 3% rise in EBITDA, which increased to ₹86.21 Crore.
Open FlipBank of America economist Stephen Juneau recently expressed a “constructive” view, expecting the Fed to gradually reduce rates over the next five quarters, reaching 3% by late 2025. This stabilization should support real wage growth and consumer spending, a significant shift from earlier forecasts of potential “pain” points for households.
Open FlipThe artificial intelligence (AI) revolution is driving unprecedented demand for energy-intensive data centers. The International Energy Agency projects that data centers may account for up to one-third of the anticipated increase in U.S. electricity demand through 2026. Major tech companies, like Microsoft, Amazon, and Alphabet, are racing to secure clean energy power sources.
Open FlipIDFC First Bank reported a 73.3% year-on-year drop in Q2 FY25 net profit, at ₹200.7 Crore, compared to ₹751.3 Crore in the same quarter of FY24. Net Interest Income (NII) rose 21.2% YoY, reaching ₹4,788 Crore, reflecting growth in interest from lending activities. Operating income grew by 21% YoY, while operating expenses rose at a slower rate of 18% YoY.
Open FlipPiramal Pharma plans a capital expenditure of $85 million for FY25, focusing on capacity expansion, maintenance, and de-bottlenecking of CDMO (Contract Development and Manufacturing Organization) sites, as shared by Chairperson Nandini Piramal. Approximately $30 million has already been allocated to these initiatives in the first half of the current fiscal.
Open FlipIt is exactly a month since the Nifty made a record high of 26,277 on September 27. Since then, the index has not reported a weekly advance, nor has it seen any kind of move back to those levels. As of closing on Friday, the Nifty is down 2,000 points from those levels and on the verge of breaking 24,000 levels on the downside. The Nifty declined all five trading sessions last week.
Open FlipIndia’s divergence from global markets was evident last week when its sovereign bonds remained relatively steady despite a global selloff in US Treasuries. The nation has become a key emerging market bet for abrdn plc., particularly ahead of the US presidential election on Nov. 5, as hedge funds brace for a pickup in global volatility.
Open Flip📌Yes Bank reported a 145.56% year-on-year jump in net profit at ₹553 crore for the second quarter. 📌Coal India's net profit declined 21.9% year-on-year to ₹6,289 crore. 📌Bandhan Bank's 30% year-on-year surge in net profit. 📌Bank of Baroda's 23.2% increase year-on-year in net profit. 📌IDBI Bank's 38.3% year-on-year jump in net profit.
Open FlipThe primary market will pause with no new IPOs launching next week. However, as many as eight listings, including Waaree Energies, Deepak Builders, and Godavari Biorefineries, are set to energize the market during Diwali week. The near-term IPO pipeline appears promising, with 26 companies poised to raise ₹72,000 crore, pending SEBI approval.
Open FlipBetween March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September. So deposit rates — including money market account rates — have started falling. It’s more important than ever to compare MMA rates and ensure you earn good.
Open FlipGensol Engineering reported a 29% increase in net profit after tax, reaching ₹22.93 Crore on a consolidated basis for the September 2024 quarter, compared to ₹17.71 Crore in the same period last year, as per an exchange filing. Gensol Engineering stocks has witnessed a 9.52% dip in the last one year, and 7.5% dip since the beginning of the year.
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