SALES VALUE
Kumar Birla re-enters race to buy Orient Cement to consolidate Ultratech's Southern push
Talks between CK Birla and Adani said to be at standstill over valuation, mining clearances. Orient stock up 45% in last 1 month.
Amazon Prime Day 2024 - Here's everything you need to know
Amazon Prime Day 2024 promises to be a shopping extravaganza, offering Prime members unparalleled access to discounts, new product launches, and more. This annual event, known for its blockbuster deals across various categories, is set to deliver exceptional savings and excitement over two days. Whether looking for tech gadgets, home essentials, fashion must-haves, or entertainment upgrades, Prime Day is the ideal time to snag incredible bargains and explore the latest innovations.
Premium sneaker stampede sweeps India off its feet and Adidas is game for it
The trend of premiumisation is gaining momentum in the footwear, watches, and gym apparel market, with consumers seeking quality, exclusivity, and a deeper connection with their brands. Adidas and Myntra have seen a 30-40% increase in premium options on their website, reflecting this trend. India's large population aspiring for better products and a natural consumer behavior of constantly seeking improvement are driving this trend.
Visaman Global Sales shares list at a 5% premium over IPO price
Visaman Global Sales debuted on the NSE SME platform with a 4.88% premium on Monday, opening at Rs 45.10 compared to its issue price of Rs 43. Prior to its listing, the company's shares traded at a premium of Rs 13 in the unlisted market. The IPO, consisting entirely of fresh equity comprising 37.32 lakh shares, was oversubscribed by over 42 times.
Capture the theme at the right time: Is investment in EV a good long-term bet?
The rise in EVs can be attributed to two main factors, first, a substantial global push by governments to achieve net zero emissions through various policy measures; and second, a nearly 90% decrease in battery costs over the past ten years, which has made EVs more affordable and, as a result, brought them closer to cost parity with internal combustion engines (ICE)
Amazon Ethnic Week - Ethnic wear for women on discount in Amazon Sale
Amazon Ethnic Week offers amazing discounts on a wide selection of ethnic wear for women. From sarees and lehengas to Kurtis and Anarkali, find the perfect traditional outfit at a fraction of the price. Don't miss out on these fantastic deals during the Amazon Sale, and elevate your ethnic wardrobe with stylish and affordable options.
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Up to 55% on top rated TCL Smart TVs in Amazon Sale
Take advantage of the Amazon Sale and enjoy up to 55% off on top-rated TCL Smart TVs. These high-quality televisions offer stunning picture quality, smart features, and a sleek design, all at a fraction of the original price. Don't miss out on these fantastic savings!
Air India Express announces Splash Sale, offering tickets starting Rs 883
Under the “Biggest Splash Sale Ever” offer, Air India Express is offering two types of tickets. The Xpress Lite fares starts from Rs 883 and are being offered without convenience fee. The Xpress Value fares start from Rs 1096.
Buy realty stocks at 15-30% correction; don’t enter defence pack now: Dipan Mehta
Dipan Mehta says that if one has missed out, then it is better to just stay away at this point. Even in bull markets, one should expect corrections and corrections are a good time to load up on stocks that have done exceptionally well and the future also is very good, very positive because of order wins or earning visibility. But in a charging bull market, in a running train like this, it does not make sense to enter.
Up to 40% on top rated Samsung Smart TVs
Save up to 40% on top-rated Samsung Smart TVs at Amazon. Upgrade your home entertainment with stunning picture quality, smart features, and sleek designs. Enjoy exceptional picture quality, smart features, and sleek designs at unbeatable prices. Shop now and enjoy unbeatable prices!
Amazon Sale - Fab TV Fest with Smart TVs starting at Rs.99/day
Discover the Fab TV Fest on Amazon with Smart TVs starting at Rs.99/day. Upgrade your entertainment setup with the latest models at amazing prices. Don't miss out on these limited-time deals! Take advantage of incredible deals and upgrade your home entertainment experience with the latest technology at unbeatable prices.
McDonalds unveils its $5 value meal to combat inflation
To boost its sales, McDonalds has unveiled its $5 value meal. Increasing inflation had forced many regular customers to cut back and the retail chain hopes to attract customers back to its restaurant.
International Yoga Day Sale - Get up to 80% off yoga accessories in Amazon Sale 2024
Amazon's International Yoga Day Sale 2024 offers incredible discounts of up to 80% on a wide range of yoga accessories. From premium mats and supportive blocks to essential straps and bolsters, find top-quality gear at unbeatable prices. Whether you're new to yoga or a seasoned practitioner, this sale is the perfect opportunity to upgrade your practice. Don't miss out on these exclusive deals, available for a limited time only.
Higher refund on premature exit from life insurance policy as IRDAI introduces new surrender value rule; check how much you will get
Life Insurance Policy Surrender Value Rule Changes: To curb mis-selling of life insurance plans, IRDAI has introduced a higher special surrender value for traditional endowment policies. Even if a policyholder exits a life insurance policy after the first year, he would get a part of his premium back if he has paid it. Till now, there has been no refund on exiting the policy in the first year. How much money will you get back if you prematurely exit your life insurance policy? Check calculation here.
IPL's business value has risen by 6.5% to $16.4 billion in 2024: Houlihan Lokey
The Indian Premier League's (IPL) business value has surged by 6.5% year-on-year to $16.4 billion in 2024, driven by key deals with Disney Star, Viacom18, and Tata Sons. Chennai Super Kings retains top spot in brand value, followed by Royal Challengers Bengaluru and Kolkata Knight Riders. IPL's growth signifies its global status and innovative fan engagement strategies, attracting private equity investments.
Hindalco defers Novelis’ $945 mn US listing
Hindalco Industries has postponed the proposed $945-million listing of Novelis Inc due to concerns about potentially below-premium valuations for the US subsidiary impacting the valuation of the Indian entity listed in Mumbai.
Hindalco unit Novelis to debut on NYSE in 2 weeks at likely valuation of $12.6 bln
Hindalco will raise up to $945 million at the upper end of the proposed price range. Including a green-shoe option, whereby it could offer another 6.75 million shares, or a 1.1% stake, in case of overallotment, the total proceeds for the sole shareholder of Novelis could go up to $1.09 billion.
Vedanta said to weigh $1 billion share sale as soon as June
Vedanta is working with advisers including Axis Bank Ltd. subsidiary Axis Capital and Citigroup Inc. on the offering, the people said.
GQG Partners' investments in Adani stocks surge 172% to $11.6 billion
The US-based investment firm saw its investment in six Adani group stocks nearly triple in value, from ₹38,500 crore ($4.6 billion) to ₹96,431 crore ($11.62 billion) within a span of roughly seven months. This remarkable 150% increase highlights the investor's confidence in the Adani group and the potential growth of the Indian market.
Target issues weak forecast as shoppers pull back; shares tumble 10%
Target on Wednesday said it expects consumer caution to persist after it reported quarterly earnings that missed Wall Street estimates and issued a forecast for the current quarter that was also largely below expectations.
Sobha Ltd aims Rs 10,000 crore increase in equity capital over next 5 years
After the Rs 2,000 crore rights issue, the company’s equity base will increase to Rs 4,500 crore. Earlier this year, the board of Sobha Ltd approved raising Rs 2,000 crore through a rights issue to increase the equity of the company and fund the growth.
Back-to-school season spurs surge in retail and e-commerce sales
As students gear up for the new academic year, retailers and stationery companies prepare for a surge in demand during the April to June peak back-to-school shopping period. This significantly boosts sales for brands like ITC and DOMS, laptop manufacturers such as Dell, Lenovo, and Samsung, and retailers like Reliance Retail's Smart Bazaar stores, with sales increasing fivefold according to industry experts.
V-Mart expects to grow 18-19% this year, says Lalit Agarwal
Lalit Agarwal, Founder & MD of V-Mart Retail, aims for 18-19% growth in a value-driven retail sector. Improved footfalls and consumer demand in smaller towns are observed. Efforts focus on providing best products, prices, and catering to Gen Z preferences. The Limeroad acquisition's impact on online burn and future scale-up plans are under scrutiny.
Tesla doing damage-control, discounts for European fleet buyers
Tesla faces challenges in Europe as repeated price cuts hurt leasing companies' fleets and slow service alienates corporate customers. Tesla is offering unofficial discounts and addressing service complaints, but struggles with falling resale values and competition from Chinese and legacy automakers. Fleet customers demand better service and lower repair costs.
ArisUnitern enters into a development management agreement with Essem 18’s Real Estate Portfolio
ArisUnitern, which is one of the pioneers in development management model, has secured eight projects in the last one-year, recorded sales exceeding Rs 300 crore within the last six months and raised over 300 crores across 7 deals and supplied materials worth Rs. 150 Crores to these clients. This reflects the mushrooming of the demand for specialised service providers in the real estate industry.
For phones, Indians think China again
Chinese smartphone brands, including Xiaomi, Vivo, Oppo, Realme, Transsion, and Motorola, have seen their cumulative market share rise to 75% in the March quarter, despite government scrutiny. This growth is attributed to a shipment rebound by top brands like Xiaomi and Vivo after a few tepid quarters in 2023 due to low demand and inventory bottlenecks. Smaller brands like Motorola and Transsion have also expanded their footprint in the market.
Ajmera Realty Q4 Results: Net profit jumps 44% YoY to Rs 103 crore; sales value sees two-fold jump
Real estate developer Ajmera Realty & Infrastructure has reported 44% on-year increase in net profit for the financial year 2023-24 at Rs 103 crore on the back of robust growth in bookings.
Japanese auto giant Toyota posts record net profit
Helped by a weak yen and strong hybrid vehicle sales, the Japanese giant's bottom line doubled to 4.94 trillion yen ($31.9 billion) in the year to March while revenues rose 21.4 percent to 45.1 trillion yen, also an all-time high.
Voltas Q4 Results: Net down 22% YoY at Rs 110.64 crore
Air conditioning and engineering services provider Voltas Ltd on Tuesday reported a 22.75 per cent decline in consolidated net profit to Rs 110.64 crore in the fourth quarter ended March 31, 2024, impacted by higher expenses.
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