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Amit Syngle, MD & CEO, Asian Paints, says the company faced pressure in the overall product mix and sales. All the metro towns and the bigger cities did not do well and even the B2B market, where Asian Paints accounted for 15-20%, did not go the way we anticipated. Industrials was the only segment where they did well. Coming to price hike, Syngle says that given the inflation in the first quarter, they took a price increase in terms of passing it on to the market. They also saw a lot of volatility in terms of the crude prices. The entire paint industry has taken a price increase and the full realisation of the price increase will happen in Q3. In Q2, your peers had managed to report a volume growth between 4% and 9%. But your numbers were clearly a bit of a miss. In fact, the volumes declined by half a percent. What led to this divergence because we usually do not see Asian Paints performing so badly versus its peers. What led to that? Amit Syngle: As we look at the last quarter, we have just touched our base in terms of the volume terms and the value has also been negative. July was good for us but then all the rainfalls and floods that came in August, were not very well distributed across the country. So, we saw a muted demand coming in both August and September and given that the seasonal component in overall our sales is very high, we saw that in all the seasonal markets, and faced pressure in our overall product mix and the overall sale.

Subscribe to enjoy similar stories. Page Industries Ltd’s investors seem confident after its September quarter (Q2FY25) results beat expectations on key parameters. The stock hit a new 52-week high of ₹48,393.70 on Monday and has been up about 5% since the results were announced on 7 November.

Air India Express will focus on connecting smaller cities and towns with metros as well as fly to new overseas destinations, according to senior officials. The airline, which recently completed the merger of AIX Connect with itself, has a fleet of around 90 aircraft and the count is expected to cross 110 by the end of this fiscal.

Subscribe to enjoy similar stories. Venture capital firm Aavishkaar Capital plans to increasingly back more startups that provide livelihood to people in tier 2 and 3 cities and towns as it looks to raise its seventh and largest ever fund with a corpus size of about ₹1,500 crore next year. The startups Aavishkaar wants to back are typically those that hire skilled workers in small cities and towns while selling their products in the big cities.

Rep. Dan Meuser, R-Pa., discusses whether Kamala Harris is having a problem connecting with Pennsylvania voters on «Varney & Co.»

Your valuables with the bank are 100 times secured of your annual locker rent. Benefits of nomination, Survivorship Clause

will to ensure 'unlimited' care for his pet dog Tito is likely to trigger a 'pawsome' trend — more and more pet parents making provisions for their furry companions on their posthumous wish lists. While queries on these lines have been coming in for a while now, the trend is still at a nascent stage in India. Tata's move, say lawyers, will generate much more awareness about the issue, prompting more people to follow suit. Pets are not recognised as people capable of holding property or inheriting the estate of another person — they are deemed to be personal property. Therefore, while many Indians see their pets as their children, Indian law still doesn't. Hence, the law doesn't allow for either leaving anything to pets as a bequest; or creating a trust with a pet as a beneficiary.

Buy low, sell high, they say. Well, it looks like condo sellers in some towns (looking at you, Toronto) are about to give buyers a windfall chance at low prices.

Housing society management app Mygate saw its operating revenue rise 35% to Rs 96 crore in the financial year ended March 31 from Rs 71 crore in 2022-23. The Bengaluru-based company's consolidated net loss narrowed significantly by 82% to Rs 40 crore from Rs 227 crore a year ago. This sharp cut in losses was driven by a 51% reduction in its total expenses, which came down to Rs 149 crore in 2023-24 from Rs 304 crore in the previous year. In 2023-24, the company spent Rs 82 crore on employee benefits while incurring other expenses of Rs 61 crore.

Stay tuned for Diwali related updatesDiwali 2024 LIVE Updates: Markets aglow in Odisha's capital as people step out with fervour and enthusiasm for the festival.Diwali 2024 LIVE Updates: In Goa, people celebrate Diwali by building huge effigies of Narkasur, which symbolisesvictory of good over evil. The footage is from Panaji.Diwali 2024 LIVE Updates: Delhi Metro Rail Corporation (DMRC) announced changes in last train service timings.

Subscribe to enjoy similar stories. Space World group is evaluating various routes to raise funds to channel into new ventures Constl and Ranext that will offer fibre connectivity between data centres and in-building plug-and-play fibre network for internet services providers. Founder Ankit Goel told Mint in an exclusive interaction that the company will go to market in the next three to six months to raise funds but was yet to decide the route it would take and the equity it intended to dilute.

Trom Industries Ltd on Wednesday announced bagging solar projects worth Rs 33 crore from Gujarat Metro Rail Corporation (GMRC) and Corona Remedies. The company, in an exchange filing, stated that it has secured a Rs 20.70 crore work order from Gujarat Metro Rail Corporation (GMRC) Limited for five years. The company will install and maintain grid-connected rooftop solar power projects of 5MW for 15 metro stations of the Ahmedabad Metro Rail project, the filing stated. The supply will start this year in a phased manner. The company has also received a Rs 12.40 crore purchase order from Corona Remedies for commissioning a grid-connected ground-mounted solar PV plant.

Subscribe to enjoy similar stories. For India’s growing tribe of digital nomads, the lines between work and leisure are blurring, and remote co-living spaces are becoming the offices of choice. From the green farms of Goa to the Dhauladhar peaks of Dharamshala, these professionals are redefining work-life balance.

Subscribe to enjoy similar stories. The first major challenge of advertising, many ad creators would have us believe, is to break the media clutter and be noticed. It can go wrong, as seen in a poster campaign for breast cancer awareness asking women to do a self-examination every month.

European Investment Bank (EIB) has sanctioned a €300 million (approximately Rs 2,731.02 crore) loan for Bengaluru suburban railway network. This will finance development of a new suburban railway network covering four dedicated rail corridors in Bengaluru. The network will stretch over a total of 149 kilometres (km) and include 58 stations with two depots, an EIB statement said. EIB said it has already supported Bengaluru's transportation sector with a €500 million loan to build the 23 km Bengaluru Metro R6 line and purchase a fleet of about 96 metro cars. The EIB’s support for transport in India includes the financing of metro investment in Agra, Bengaluru, Bhopal, Kanpur, Lucknow and Pune, with a total of €3.25 billion committed since 2016. This makes India the largest beneficiary of EIB transport financing outside Europe.

Subscribe to enjoy similar stories. Bengaluru: Bike taxis and autos outnumber cars on Uber Technologies' fleet of 1 million taxis in the country, accounting for about a third of the American ride-hailing company's total revenue. The San Francisco-headquartered company also claims that 3% or 30,000 of its taxis, including cars, bikes and autos, are electric, making it the ride-hailing platform with the biggest electric fleet in the country.

Newspapers in the United States closed at the rate of more than two per week during 2023

Tokyo Metro jumped 36% in their Tokyo market debut on Wednesday after an initial public offering proved popular among investors. Tokyo Metro, one of the capital's two major subway operators, opened at 1,430 yen ($9.44) after shares were initially untraded with a glut of buy orders.

Over 70% of transport-related greenhouse gas emissions come from road vehicles, with passenger cars contributing nearly half. So, it's essential for cities to invest in sustainable public transport systems that encourage people to rely less on their cars. European Investment Bank (EIB) is a key partner in this transformation of urban mobility. By financing the development of six modern metro systems in Agra, Bengaluru, Bhopal, Kanpur, Lucknow and Pune, EIB is helping to create more sustainable, accessible and cleaner transport options. To date, EIB has committed ₹30,225 cr to urban mobility in India, its largest investment in this sector outside of Europe.

Delhi Police has beefed up security arrangements in various markets, which are bustling with shoppers during the festival season, and asked the railway and Metro staff to be on high alert following the blast in front of CRPF school in Rohini's Prashant Vihar area, officials said on Monday. The strong explosion ripped through a wall of the CRPF school on Sunday morning. No one was hurt in the blast which also damaged hoardings of nearby shops and window panes of vehicles parked near the site. «We have asked our staff to keep a tight vigil on every single railway and metro station. Additional force deployment will be made to check any suspicious activities,» a senior police officer said. The officer said that joint patrolling teams with the Railway Protection Force (RPF), Government Railway Police (GRP) and other stakeholders have been deployed.

Various frozen waffle products sold in Canada and the U.S. have been recalled after testing revealed possible listeria bacteria contamination at a manufacturing facility in Brantford, Ont.