JK Cement Ltd on Saturday announced a robust 64.5% increase in its consolidated net profit, reaching Rs 361.33 crore for the March quarter of FY25. In comparison, the company had reported a net profit of Rs 219.68 crore in the same quarter of the previous year, according to a regulatory filing.Revenue from operations for the…
Multimodal transport services provider Blue Water Logistics announced on Saturday that it has fixed the price band for its upcoming initial public offering (IPO) at Rs 132–135 per share. The Rs 40.5-crore IPO will open for subscription on May 27 and close on May 29, the company said in a statement.The shares are set to…
Property prices increased in 48 out of 50 cities during the fourth quarter of the financial year 2024–25, according to data released by the National Housing Bank (NHB). The NHB’s RESIDEX report revealed that only Howrah and Thiruvananthapuram recorded a decline in property values among the surveyed cities.The Housing Price Index (HPI), which tracks residential…
The Life Insurance Corporation of India (LIC) on Saturday announced that it has earned a Guinness World Record for the highest number of life insurance policies sold within 24 hours.The record was achieved on January 20, 2025, when 4,52,839 LIC agents collectively issued 5,88,107 life insurance policies across India, the corporation said in a statement.Guinness…
The central government has approved an interest rate of 8.25 per cent on Employees’ Provident Fund (EPF) deposits for the fiscal year 2024–25, an official confirmed to PTI on Saturday.This rate was recommended earlier this year by the Central Board of Trustees of the Employees’ Provident Fund Organisation (EPFO). The decision is expected to benefit…
India’s domestic aviation sector continued its upward trajectory in April 2025, as passenger traffic rose by 10.2% year-on-year, as per a report by ratings agency ICRA. An estimated 145.5 lakh passengers flew within the country during the month, up from 132 lakh in April 2024. However, the numbers remained largely unchanged from March 2025, signalling…
Banks across the country will remain closed today, on May 24, in observance of the fourth Saturday of the month. According to the Reserve Bank of India’s (RBI) official calendar, banks remain shut on every second and fourth Saturday.Customers can verify whether banks are open or closed by checking the RBI’s official website.This holiday applies…
Formal employment under the Employees’ State Insurance Corporation (ESIC) surged in March, with new job creation increasing by 5.79%, reaching 1.63 million, up from 1.54 million in February, provisional payroll data released by the ministry of labour and employment on Friday said.The data also revealed a 33.9% rise in establishments joining the social security umbrella…
The Global Trade Research Initiative said on Saturday that even if the US imposesd a 25% tariff on iPhones manufactured in India, production costs would still be significantly lower than making the devices in the United States.The GTRIs’ comments came in the wake of US President Donald Trump’s recent statement threatening to impose a 25%…
Reports suggest that India is looking to seal the first phase of the India-US trade deal by early July. (AI image) Amidst India-US trade deal talks, the United States of America on Friday informed the World Trade Organization (WTO) that India’s suggestion to suspend concessions in retaliation to American duties on steel and aluminium lacks…
