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₹21,040 crore. The management’s confidence stems from a robust launch pipeline of 59.2 million square feet for FY25 with a potential gross development value of ₹59,100 crore. Notably, FY24 saw a high number of new launches and deliveries, which contributed 75% to pre-sales.

A new government will soon take charge at the centre. Hopefully, India’s new government will have a long-term vision and the courage to think outside the box. Nothing less will do to prepare India for the emerging new global economy, driven by fundamental, disruptive technological changes that are gathering momentum.

In its half-year results published today (30 May), the firm said pre-tax profit dropped to £600m from £2.4bn the year before in the six months to 31 March. Adjusted profit before tax, which excludes amortisation, share-based payments, merger related costs and exceptional costs was £5.7m, down 28% from £7.9m last year. The pre-tax profit slump was due to lower revenues, which fell 14% to £30.1m as average AUM for the year decreased 10% to £10bn.  Premier Miton takes 60% profit hit as net outflows climb to £1.1bn Premier Miton's AUM ended the period at £10.7bn, representing an inc...

Risk in the mortgage market has likely more than doubled since 2019, according to new research by the Canada Mortgage and Housing Corporation.

Samvardhana Motherson International as the company posted a two-fold jump in its net profit to Rs 1,444 crore for Q4FY24. The company's total revenue from operations also rose to Rs 27,058 crore for the period under review as compared to Rs 22,517 crore in the last quarter of FY23.

global capability centres (GCCs) are opening offices here because of the easy access to a skilled labour pool, low cost of operation, digitisation and other factors. More global companies are opening these offshore units to perform numerous business functions and operations, and innovations to enhance productivity. As a result, these centres present endless job and growth opportunities for early career professionals. Hence, it would be beneficial for young minds to understand the roles, skills and pay at GCCs if they want a career in this segment. GCCs: A deep dive into what they are

Citigroup maintained a buy rating on RR Kabel, JPMorgan has an overweight stance on RIL, Axis Capital upgraded Indigo to buy and Jefferies maintained a buy rating on Tata Steel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Gold prices were flat on Thursday, as investors awaited a key U.S. inflation reading that could provide further insights into the Federal Reserve's policy path. FUNDAMENTALS

Top Events on May 30: India is all set to witness various political, technological, sports, and entertainment events today. PM Modi will be on a three-day break from political meetings, while Yogi Adityanath will hold a public meeting in Himachal Pradesh and Rahul Gandhi will visit Odisha today. India and France will begin the talks on the Rafale Marine fighter jet deal in Delhi on Friday.

McDonald’s is fighting back against media reports it says have exaggerated its price increases

Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation

PayPal launched PYUSD on the Ethereum blockchain nearly a year ago but is now adding Solana as an option, providing users with flexibility and control. Solana is known for processing massive amounts of transactions at high speeds and low costs.

FTAs)," US Ambassador to India Eric M. Garcetti said in an interview. "But I do think that there's an openness in Washington to advance a discussion about preferential trade between our countries.

Turno, an electric vehicle distribution and financing startup, has raised $6 million from impact investor British International Investment (BII) and venture capital firms Quona Capital, Stellaris Venture Partners and B Capital. Founded in April 2022 by former Zoomcar C-suite executives Hemanth Aluru and Sudhindra Reddy, the Bengaluru-based startup offers financing solutions to small and mid-size enterprises as well as individuals who plan to buy commercial three-wheeler (3W) electric vehicles.

Ola is migrating its IT workload from Amazon Web Services (AWS) cloud as well, people involved in the process told ET, after having exited Microsoft’s Azure cloud. For Azure, Ola’s departure would mean a daily revenue loss of Rs5-25 lakh. For AWS, this number would range between Rs 30 and Rs 40 lakh, as per some estimates and disclosures by Ola founder Bhavish Aggarwal on X.

import of capital goods and machinery to build factories as manufacturers in China and Southeast Asia embark on their own expansion plans. That could potentially hobble their ability to meet any rise in consumption demand. Reliance is among Indian companies facing such challenges as it looks to set up production facilities for its fast-moving consumer goods (FMCG) business and scale it up, said a senior executive, citing difficulties in establishing bottling plants for Campa Cola with machinery suppliers asking for a year and more. Reliance didn't respond to queries.

bench strength at top Indian outsourcers has nearly halved in a very short span of time, but that isn’t necessarily a very bad thing for the global services leaders. Higher utilization and generative artificial intelligence (GenAI) are helping them drive efficiencies through the talent pyramid as the $254-billion industry rides out its toughest business cycle since the global financial crisis. “Large IT services companies typically maintained a bench of 20-30% of their workforce. This has significantly reduced, with many companies now reporting a bench size of around 10%,” said Krishna Vij, business head at staffing firm TeamLease Digital. “This shift can be attributed to increased focus on upskilling and training bench employees for redeployment.”

₹2.89Cr for the quarter.The company had recorded a profit of ₹0.13Cr in the same period of the previous fiscal year, indicating a significant decline in financial performance.Comparing to the previous quarter, the revenue remained stagnant with a 0% growth rate.Selling, general & administrative expenses skyrocketed by 37543.28% quarter-on-quarter and surged by 36738.07% year-on-year, showcasing a concerning trend in cost management.Operating income witnessed a sharp decline of 31667.94% quarter-on-quarter and decreased by 15202.31% year-on-year, reflecting challenges in the company's operational efficiency.The Earnings Per Share (EPS) for Q4 stands at ₹-0.54, marking a substantial decrease of 2271.45% year-on-year, which could impact investor confidence.At present, PS IT Infrastructure & Services holds a market capitalization of ₹111.98 Cr with a 52-week high/low stock price range of ₹28.66 & ₹20.83 respectively, indicating fluctuations in market performance.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹-2.89CrQuestion : What is Q4 revenue?Ans : ₹6.85CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

₹6.55 crore in Q4.It is worth noting that DCM had incurred a loss of ₹2.22 crore in the same period of the previous fiscal year, indicating a significant turnaround in profitability.Quarter on quarter, the revenue also saw a decline of 11.83%, reflecting a challenging business environment for DCM.The company's Selling, general & administrative expenses showed a decrease of 8.02% compared to the previous quarter and a decline of 11.14% year-on-year, showcasing efforts towards cost efficiency.Despite the decrease in operating income by 273.33% quarter-on-quarter, there was a notable increase of 51.19% year-on-year, indicating some positive growth trajectory.The Earnings Per Share (EPS) for Q4 stood at ₹3.51, marking a significant increase of 397.09% year-on-year, which could be seen as a positive indicator for investors.In terms of market performance, DCM delivered a return of 1.61% in the last week, 1% in the last 6 months, and a -4.36% return year-to-date, showcasing mixed results over different time frames.Currently, DCM is valued at a market capitalization of ₹141.3 crore, with a 52-week high/low of ₹100.5 and ₹65.85 respectively, indicating the stock's price range over the past year.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹6.55CrQuestion : What is Q4 revenue?Ans : ₹16.47CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

Creditors have been able to recover nearly half their claims under the Insolvency and Bankruptcy Code (IBC) when the resolution has been completed within the 330-day deadline but delays lowered the proportion of money they got back. Creditors recovered as much as 49% of claims when the IBC process was finished on time but this dropped to 26% when it took 600 days or more, according to Insolvency and Bankruptcy Board of India (IBBI) data. The IBC was introduced eight years ago, in May 2016. The latest data by the bankruptcy regulator establishes the cost of delays in insolvency resolution, going beyond anecdotal evidence. Insolvency resolution holdups, caused mainly by litigation, have been the IBC's gravest challenge, experts said. They called on the government to address this in amendments to the IBC--introduced in May 2016--that are expected to be made once the next government is in place. The IBC by itself isn't a recovery tool but a law that facilitates the market-driven resolution of stressed firms. However, recoveries through this route have often been flagged to gauge its efficacy. The resolution of 947 stressed companies under the IBC over these years has fetched creditors ₹3.36 lakh crore, or 32.1% of claims. A company's insolvency resolution takes an average 679 days, pointing to the scourge of delays.

Danish wind farm developer Orsted will pay New Jersey $125 million to settle claims over the company’s cancellation of two offshore wind farms last year