Indus Towers posted a consolidated net profit of Rs 4,003 crore in Q3 2024-25, driven by robust tower and colocation additions, and significant overdue collections from a 'major customer.' A write-back of Rs 3,024 crore in doubtful receivables and expected network expansions are set to further enhance growth.
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Union finance minister Nirmala Sitharaman announced the introduction of a Rs 2 crore term loan scheme for five lakh first-time women, SC, and ST entrepreneurs during the Union Budget for 2025-26. Additionally, a manufacturing mission will be established for various industries, and a national institute for food technology will be set up in Bihar.
A strong March rally is now uncertain as Foreign Institutional Investors sold off over Rs 10,255 crore in Indian stocks. As markets await US President Trump's tariff announcement, concerns about potential global risks loom. Experts suggest that while volatility may persist, long-term investors could cautiously start deploying capital, given India's robust economic fundamentals.
Tata Pension Management erroneously listed Divinion Advisory Services, owned by the family of Tata Sons executive Suprakash Mukhopadhyay, as a Tata group company in August 2022. While the error was corrected in subsequent disclosures, Mukhopadhyay's connection to Divinion, including CSR contributions and solicitation of investments, raises potential conflict of interest concerns under Tata Sons' code of conduct.
Practo, a health-tech platform, reported a 22% revenue growth to Rs 240 crore for 2023-24 and achieved a GMV of Rs 3,500 crore. The company reduced its losses to Rs 17 crore from Rs 99 crore the previous year and achieved its first profitable quarter in the last quarter of 2023-24.
Raamdeo Agrawal advises investing in 'bruised blue chips' — top companies experiencing temporary declines. He believes the current market, with declining valuations and earnings, presents opportunities.
Amazon India's senior VP, Amit Agarwal, amidst regulatory scrutiny, affirms compliance and advocates for progressive e-commerce policies. He emphasizes investments in logistics and infrastructure, not cash burn, and highlights a new quick commerce pilot program in Bangalore. Agarwal reiterates Amazon's long-term commitment to India's growth.
Aditya Birla Group's UltraTech Cement is set to acquire Wonder Cement's white cement business for Rs 235 crore. This acquisition will enhance UltraTech's production capacity, leveraging Wonder Cement's strategically located plant and booming turnover in the competitive putty manufacturing market.
In 2023-24, 58% of manufacturing establishments were led by women, a rise from the previous year. Women made up 28.1% of the overall workforce, with significant contributions in OAEs and proprietary businesses. Notably, West Bengal and Maharashtra employ significant numbers of female workers in rural and urban sectors, respectively.
The Sensex surged 843 points to a two-month high of 82,133, driven by strong foreign fund inflows and buying in FMCG, IT, and banking stocks. This followed a volatile session with a 2,100-point intraday swing, influenced by global market weakness and uncertainty about China's economic recovery. Market sentiment remains cautious due to rising US Treasury yields and a weaker rupee.
The Indian government is closely monitoring the US reciprocal tariffs, which are expected to impact exports and demand. Trade experts anticipate higher duties on Indian goods, including agricultural products, to be a strategic move by the US in bilateral talks. India plans to push forward with trade negotiations to counter the tariff impacts.