CII President and ITC Ltd. Chairman & Managing Director Sanjiv Puri (PTI file photo) CII president and ITC chairman and MD Sanjiv Puri says lowering tariffs through trade agreements must be accompanied with domestic reforms to boost competitiveness. He also argues that GST rationalisation and further rate cuts will stimulate demand. Excerpts:What will be your…
Nomura has maintained its buy rating on CG Powerbut has cut the target price to Rs 825 from Rs 900 earlier. Analysts said that while the company beat analysts’ estimates on inflows, its railway business dragged down its margin. They feel demand tailwinds are intact for power systems.However, the company is gaining market share in…
India’s GDP is projected to grow at 6.5 per cent in the current fiscal year, with the economy resilient enough to withstand short-term geopolitical disruptions, CII President Sanjiv Puri has said. Speaking to PTI, he emphasised the need for India to strengthen its trade position by pursuing bilateral agreements, especially amid the rising trend of…
Godrej Properties is set to launch residential projects worth Rs 40,000 crore in the financial year 2025-26 as part of its strategy to expand operations and boost its market share. The company aims to maintain its position as the top listed real estate developer in terms of sales bookings, according to Executive Chairperson Pirojsha Godrej.In…
Sebi has observed that individuals’ activity in index options within the derivatives segment has not declined as much as expected and may take further action after a deeper review, sources told news agency PTI.The capital markets regulator examined activity between December 2024 and March 2025 and found that although there has been a year-on-year drop,…
The Indian stock market is expected to take cues from recent geopolitical developments, macroeconomic data releases, and corporate earnings this week, analysts said on Saturday.A key factor influencing investor sentiment will be the recent agreement between India and Pakistan to halt all military actions across land, air, and sea following days of intense cross-border drone…
Faced with deposit growth challenges, Canara Bank launched a unique internal campaign by asking each of its 82,000 employees to contribute towards deposit mobilisation. Resultantly, the bank collected Rs 16,700 crore within just ten weeks, a top official has said.The initiative began on January 26, 2024, amid a system-wide slowdown in deposit accretion. The bank’s…
Regional airline Star Air on Saturday announced the launch of direct flights from Kolhapur to Bengaluru, Hyderabad, and Nagpur starting May 15, as part of its summer schedule expansion.Currently, the airline operates 16 weekly flights (direct and via) from Kolhapur to Ahmedabad, Mumbai, and Tirupati. With the addition of three new destinations, the number of…
Realty developer Trinity has awarded a Rs 510 crore construction contract to BL Kashyap and Sons Ltd for its upcoming luxury residential project in Gurugram, the company said in a statement on Sunday.The project, named Sky Palazzo Residences, will be developed in Sector 88B, Gurugram.Vineet Kashyap, Managing Director of BL Kashyap and Sons Ltd, expressed…
Around 100 flights to and from Delhi’s Indira Gandhi International Airport were cancelled on Sunday, a source said, as heightened security measures were implemented and multiple airports in northern and western India were temporarily shut amid tensions between India and Pakistan.The cancellations followed a mutual understanding reached between India and Pakistan on Saturday to cease…
