CMD
Balrampur Chini's Rs 3,100-cr bio-plastic plant to start commercial operations in Jan-Mar: CMD
Balrampur Chini Mills plans to start commercial production at its Rs 3,100-crore bio-plastic plant next quarter. The company has invested around Rs 2,400 crore in the project so far, with expectations for significant future revenue. This plant will produce Poly Lactic Acid bioplastics from renewable resources such as sugarcane and corn starch. In addition, the company reported a 90 percent increase in net profit in the last quarter.
Assam OIL facility fire: Death toll rises to four after injured worker dies
A fire incident at an Oil India facility in Dibrugarh, Assam resulted in four fatalities among workers. The blaze occurred during maintenance operations, leading to multiple injuries. Spectron Engineering Private Limited employed all the deceased workers, who were affected by the fire. The company is providing compensation to the next of kin and the injured individuals.
Death toll in explosion at Oil India's facility in Assam rises to three
Three people have died following an explosion at Oil India Limited's facility in Dibrugarh. The incident occurred during maintenance work at the Intermediate Tank Farm on Friday. Two of the deceased were workers and an engineer who succumbed to burn injuries. The injured were initially treated at Assam Medical College, with three remaining in critical condition. Oil India Limited announced compensation for the families of the deceased and injured individuals.
Jewellers report brisk Dhanteras sales as gold price drop lures buyers; volumes seen flat
Volumes, however, are likely to remain roughly flat from a year earlier because prices are still well above last year's levels, said Rajesh Rokde, chairman of the All India Gem and Jewellery Domestic Council (GJC).
Arisinfra Solutions reports 110% rise in H1 net profit to Rs 42.9 cr
Arisinfra Solutions reported a 110% year-on-year rise in H1FY27 net profit to Rs 42.9 crore, with revenue increasing 32% to Rs 598.5 crore. Q2 profit reached a record Rs 22.8 crore, supported by contract manufacturing and DaaS growth.
Rustomjee posts record 1,423 cr pre-sales in Q2, targets Rs 5,000 cr for FY27
Rustomjee Group, noted for its luxury projects, achieved record pre-sales of Rs 1,423 crore in the second quarter. The company's net profit rose to Rs 101 crore compared to Rs 10 crore last year. Additionally, revenue from operations saw a significant increase to Rs 497 crore during the same period. Rustomjee plans to focus on redevelopment and expand throughout the Mumbai Metropolitan Region.
- Go To Page 1
Arisinfra Solutions reports 110% rise in H1 net profit to Rs 42.9 cr
Arisinfra Solutions reported a 110% jump in first-half profit as revenue and operating margins improved. Strong growth in contract manufacturing and its Developer as a Service business helped the company post its highest-ever quarterly profit.
Mumbai property market records second-best October ever, registrations up 9%
Property registrations in the Mumbai municipal region rose by 9 per cent in October, reflecting stronger housing demand. The total registrations reached 12,690 units, compared to 11,649 units a year ago. Stamp duty collections during the same period also saw an increase of 12 per cent year-on-year.
IREDA appoints ex-REC executive Jatin Kumar Nayak as CMD
Jatin Kumar Nayak has taken charge as the Chairman and Managing Director of Indian Renewable Energy Development Agency. Before this position, he served as Executive Director of Finance at REC Ltd and has three decades of experience. His previous roles include working with NHPC, Hindustan Copper, and National Aluminium Company Ltd. Nayak holds a Master's degree in Commerce and is a qualified Company Secretary.
ET Wealth Expo: Investing globally? Why Indian investors should look beyond Nasdaq and diversify across asset classes, says Devina Mehra
First Global's Devina Mehra urges Indian investors to diversify across countries, sectors, currencies and asset classes. She highlights global opportunities, changing market leadership and the risks of chasing popular investments, advocating broader international exposure for long-term portfolio resilience.
Court rejects CBI's plea seeking amendment of charges against DHFL's ex-CMD, others
A Delhi court has refused to change charges against Kapil Wadhawan, Dheeraj Wadhawan, and Ajay Nawandar. They are accused of defrauding a consortium of 17 banks for Rs 34,000 crore. The court found no evidence to support additional charges under specific IPC sections. It clarified that it cannot review its own order except for clerical errors. The court previously framed charges against 104 accused persons on July 30.
NSIC presents Rs 47.76 crore dividend for FY 2025-26; highlights strong financial performance
NSIC Chairman-cum-Managing Director Subhransu Sekhar Acharya presented a dividend of ₹47.76 crore to Union Ministers. Acharya highlighted NSIC's strong financial performance, including a revenue of ₹3,767 crore and Profit After Tax of ₹159 crore. The Union Minister of MSME praised NSIC's role in empowering MSMEs and supporting government initiatives. Discussions on improving MSME partnerships with the Netherlands were also mentioned by Union Commerce Minister Piyush Goyal.
ET Wealth Expo 2026: From building wealth to financial freedom, two days of insights for today’s investors
Mark your calendars for the ET Wealth Expo 2026, happening on October 30 and 31 at Mumbai's NESCO Convention Centre. This event promises to bring together top professionals for insightful discussions on investment strategies and wealth management. Attendees can expect sessions covering crucial topics such as intergenerational wealth transfer and global investment opportunities, alongside keynote speeches aimed at addressing future challenges in wealth management.
Hiranandani Communities, Krisala expand partnership to Rs 20,000 cr projects
The Hiranandani Group and Krisala Developers are set to roll out four new developments in Pune and Nagpur. Their focus is on delivering high-quality homes, including a unique golf lifestyle township. With the first project in Pune expected to attract considerable revenue post-completion, both companies are confident the market will continue to flourish in the year ahead.
The questions ET Wealth Expo 2026 will actually answer, and why they matter right now
Should you continue investing in equities in the age of AI? Is your retirement plan on track? And have you considered how your wealth will be passed on to the next generation? The ET Wealth Expo 2026 will address these and other financial questions on October 30 and 31 in Mumbai.
ET Wealth Expo 2026: Explore the future of investing, financial security and intergenerational wealth
From building wealth in the AI age and identifying investment opportunities to protecting assets, planning for retirement and transferring wealth across generations, Day 1 of ET Wealth Expo 2026 will bring together leading financial experts to explore the three pillars of long-term wealth management: Build, Protect and Legacy.
Indian pharma: Unethical practices, marketing rules under lens; new review body set up
The review comes against the backdrop of the Uniform Code for Pharmaceutical Marketing Practices (UCPMP), which was introduced in 2015 as a voluntary, industry-led mechanism to promote ethical conduct in pharmaceutical marketing and regulate interactions between drug companies and healthcare professionals.
Capital gravitates towards income-generating assets as realty deals turn selective
India’s real estate sector recorded 24 transactions worth $705 million in the September quarter, down 76% in value year-on-year, as large-ticket deals and capital-market activity weakened. Private equity remained the biggest contributor, accounting for 79% of deal value, with investors favouring commercial assets and residential development platforms offering predictable cash flows.
MahaRERA approves Rs 23,719 crore housing projects ahead of festive season
MahaRERA approved 435 housing projects ahead of the festive season, indicating strong residential market activity. The approvals involve an investment of Rs 23,719 crore and comprise 32,981 apartments across various regions. The approvals included significant numbers of projects in Mumbai Metropolitan Region and Pune, contributing to market momentum. Developers are also seeking extensions for projects delayed beyond completion dates, which reflects their proactive approach.
AI infra boom faces financing risks as data centre bond spreads widen: Goldman Sachs
The report said high-yield bonds issued by data centre companies are facing pressure as investors assess the risks of financing the rapid expansion of AI infrastructure.
Insurers may face higher crop cover claims in Andhra Pradesh, Maharashtra, Karnataka
In Maharashtra, insurers' liability could be capped at Rs 1,540 crore before the state government takes over claims beyond that level. The state has declared drought-like conditions in 265 talukas, raising concerns over this year's losses.
Mumbai court junks plea for FIR against former minister Ashok Gajapathi Raju, Air India ex-CMD in flight safety case
In an order passed on Tuesday, the sessions court noted that a magistrate court's earlier ruling in the matter, against which the revision plea was filed, needs no interference.
Former financial services secretary Nagaraju Maddirala appointed IL&FS CMD for two years
Nagaraju Maddirala, previously a financial services secretary, has been appointed Chairman and Managing Director of IL&FS. His appointment was confirmed by the Ministry of Corporate Affairs on October 12 following Nand Kishore's tenure. Maddirala will receive a monthly remuneration of Rs 5.5 lakh along with a company car. IL&FS is currently under a government-appointed board due to previous financial issues.
GCCs gain share of India's office leasing as demand mix shifts
The landscape of India's office market is evolving as demand shifts with a notable increase from global capability centres and flexible workspace operators. Traditional IT service firms are experiencing a downturn in leasing activity. While Bangalore retains its status as the top destination for global capability centres, Hyderabad is surging in leasing growth.
Noah Williams learned C++ at 6 and set a Guinness World Record at just 8: Meet the youngest computer programmer
At just 8 years old, Noah Williams from Melbourne, Australia, became the youngest person to programme computers (male), according to Guinness World Records. After learning C++ at six, he went on to develop computer programs and explore robotics and drones, earning a place among the young record holders featured in Guinness World Records 2027.
L&T gets initial nod to build main part of 1,600 MW thermal power plant in Jharkhand
Larsen & Toubro has received preliminary approval to construct a 1,600 MW thermal power plant in Jharkhand. This project is a collaboration between Damodar Valley Corporation and Coal India Ltd. L&T will handle the design and supply of critical equipment, including boilers and turbines. The plant aims to enhance power generation capacity while employing ultra-supercritical technology for efficiency.
Gaurs Group sells 1,088 flats for Rs 1,800 cr in new housing project in NCR
Gaurs Group has successfully sold 1,088 apartments in its new project located on Yamuna Expressway. The total sales amounted to Rs 1,800 crore since the project's launch in early August. This project, named Gaur Alaris, spans over 12 acres in Sector 22D. The strong customer response reflects the potential of the Yamuna Expressway as a residential area.
India housing market sees sharper divergence across cities, price band
India's residential property market exhibited stable sales during January-September when compared to the previous year. Major markets like Mumbai, Bengaluru, and Kolkata demonstrated positive trends, while NCR faced a significant decline. Higher-ticket homes are increasingly preferred, with sales of properties priced above Rs 1 crore climbing sharply. Sales for lower-priced segments, however, experienced a downturn, reducing buyers' options.
L&T CMD bats for longer tenures for heads of public sector companies
S N Subrahmanyan emphasized the need for longer leadership tenures in public sector enterprises to enhance project execution. He suggested a tenure of five years should be instituted for better planning and implementation. This recommendation aligns with the government's increased focus on infrastructure investment, which is expected to reach Rs 12.2 lakh crore. Continued leadership changes are believed to hinder project timelines and quality outcomes.
Load More
