Business Insights
In a strategic step aimed at enhancing its financial flexibility and operational revival, PC Jeweller Ltd (PCJ) has announced its decision to raise funds through a preferential allotment route. This move comes at a crucial time for the Delhi-based jewellery retailer, which has faced prolonged financial stress due to mounting debts, muted sales, and regulatory…
In a landmark development for India’s mutual fund sector, Jio BlackRock Mutual Fund has raised a massive Rs 17,800 crore through its maiden New Fund Offer (NFO), making it one of the largest fund launches in Indian asset management history. This milestone underscores the immense investor trust in the strategic partnership between Reliance Industries’ Jio…
Real estate major Puravankara Limited has announced that it has bagged redevelopment rights worth ₹2,100 crore gross development value (GDV) for a major project in Mumbai’s western suburbs. This strategic deal marks the Bengaluru-based developer’s significant push into Mumbai’s lucrative redevelopment market, which is increasingly attracting pan-India players eyeing high-value growth opportunities. Project details The…
In a historic transaction reflecting Mumbai’s evolving film and real estate landscape, Filmistan Studios, one of India’s oldest and most iconic film studios, has been sold for a whopping ₹183 crore. Founded by Sashadhar Mukherjee, grandfather of Bollywood stars Kajol and Rani Mukerji, Filmistan has been central to India’s cinematic journey for over seven decades….
In a major boost to Mumbai’s urban renewal landscape, Adani Properties and Maharashtra Housing and Area Development Authority (Mhada) have formally entered into an agreement to undertake one of the largest redevelopment projects in the city’s history. The project is expected to transform thousands of aging tenements into modern, high-rise residential and commercial complexes, enhancing…
Castrol India, one of the country’s leading lubricant companies, has appointed Mrinalini Srinivasan as its new Chief Financial Officer (CFO) effective immediately. This strategic appointment comes as Castrol India looks to consolidate its market leadership while navigating evolving sectoral dynamics, electric mobility transitions, and digital transformation priorities. Who is Mrinalini Srinivasan? Mrinalini Srinivasan is a…
Siemens Energy India reported a robust performance for the latest quarter, registering a 36.34% year-on-year rise in net profit to ₹246.1 crore, driven primarily by strong revenue growth from its power transmission and generation segments. The announcement, made after the Board meeting held recently, signals a strengthening of India’s energy infrastructure sector amid rising domestic…
HDFC Bank, India’s largest private sector lender by assets, has reported robust growth in its Q1 FY26 business update, with significant expansion in deposits and advances, highlighting sustained retail credit demand and strong corporate lending momentum despite a high interest rate environment. Key Highlights HDFC Bank Q1 FY26 Snapshot Particulars June 2024 (₹ lakh cr)…
In a significant development for India’s cement industry, Ultratech Cement’s Chief Legal Officer (CLO) has tendered his resignation amid the ongoing Competition Commission of India (CCI) investigation into alleged cartelisation practices among top cement producers. The resignation comes at a time when the sector is under intense regulatory scrutiny, with implications for corporate governance, compliance…
Bank of India (BoI) has reported robust growth in its Q1 FY26 business update, with domestic advances rising by 11% year-on-year to ₹5.64 lakh crore as of June 30, 2025. The state-owned lender’s growth was primarily driven by strong traction in the retail and agriculture segments, reflecting improved credit demand amidst a recovering economic backdrop….
