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₹16,612 per head per month, which is 3.1 times what the median person spends, according to a Mint analysis of the 2022-23 Household Consumption Expenditure Survey. In rural areas, the top 10% spends ₹8,569, compared to a median of ₹3,268, a gap of 2.6 times. On the surface, both urban and rural inequalities have declined since the last available survey from 2011-12, with a sharper decline in urban areas.

United Spirits, Radico Khaitan would be the key beneficiaries, according to Antique Stock Broking.The strong growth visibility should help companies to re-rate from current levels, the brokerage firm said in a report as it maintains a positive stance on United Spirits and Radico Khaitan.Also Read: Radico Khaitan, United Spirits and more: 5 liquor stocks surged 10%-88% in last one yearIt maintained a ‘Buy’ rating on United Spirits and raised the target price to ₹1,513 per share from ₹1,412 earlier, valuing at 60x PER. It also has a ‘Buy’ call on Radico Khaitan and has raised the target price to ₹1,996 per share from ₹1,849 previously, valuing it at 45x PER.United Spirits’ millionaire brands have grown 1% YoY in CY2023 driven by strong growth in mid and upper P&A segments.

Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) share price have given 28-38% year to date returns to the investors . This is despite challenges on rising crude prices, volatility in gross refining margins, and concerns on marketing margins that erupted ahead of Lok Sabha Elections'2024.

BENGALURU : Sometime early last year, agritech startup Reshamandi was riding the funding boom, churning revenues, and eyeing net profitability and expansion. Today, the Bengaluru-based firm finds itself ensnared in a financial crisis, with frozen bank accounts, delayed debt repayments, and mounting legal challenges threatening its survival. The company, a business-to-business marketplace for silk products, has been struggling with delayed debt repayments amid difficulty in raising funding since the middle of last year, characteristic of the struggles in the wider agritech sector.

Hong Kong digital asset exchange OSL ’s Chief Financial Officer David Wu says that the government might introduce a new license to advance crypto regulation.

Sam Salehpour, an engineer at Boeing, told lawmakers that the company is cutting corners in assembling its 787 and 777 jets and claimed his supervisors have retaliated against him for blowing the whistle. (Credit: Senator Hawley Press Office)

Kalyan Jewellers jumped 5.4% to ₹447 apiece in today's early morning trade, while those of Senco Gold gained 2.6% to ₹1,055 apiece after domestic brokerage firm Motilal Oswal initiated coverage on these stocks with a 'buy' rating. The brokerage set a target price of ₹525 for Kalyan Jewellers and ₹1,300 for Senco Gold.

Indus Towers for up to USD 2 billion. This is a significant increase from the approximately 10 per cent stake they initially intended to sell.The telecom company, which holds a 21.5 per cent stake in Indus Towers, is planning to use the proceeds from the sale to repay debt, according to a report by Reuters last week.In 2022, Vodafone announced its intention to sell its entire stake in the Indian firm.In the latest stake sale planned for June 19, the company aims to sell shares within the price range of 310 to 341 rupees.On Wednesday, over 615 million shares of Indus Towers were traded across numerous block deals, with a total of approximately 713 million shares exchanged, according to data from the National Stock Exchange of India.Indus Tower's share price was trading in red, down 4.48 per cent at ₹328.50, on June 19, at 11:00 am, on BSE.

income tax return (ITR) form.To start with, you need the Annual Information Statement (AIS), which is essential for filing your ITR in India, serving as a comprehensive record of all your financial transactions reported to the Income Tax department. Here’s an overview of its significance and how it complements Form 26AS:Scope: The AIS offers a broader spectrum of information compared to Form 26AS.

₹1,267.05 apiece on the BSE, the stock touched an intraday high of ₹1,317, and an intraday low of ₹1264.80.“Recently, the Sansera Eng share price had given a breakout from a consolidation phase, and the follow-up move post that has been strong with high volumes. Thus, the overall trend remains positive, and one should keep a buy-on-dip approach.

A new law strengthening protections for pregnant workers has been a lifeline to many low-wage women seeking accommodations from employers who might otherwise have forced them into unpaid leave

The NSE Nifty index was trading 7.06 points down at 23550.85, while BSE Sensex was up 118.69 points at 77419.83 at the time of writing this report.

climate change fast enough, according to a fresh study that looked at more than 23,000 firms worldwide. Just 2% of companies that have committed to a 1.5C-aligned plan provide the full range of information needed to ensure their emissions-cutting plans can work, according to CDP, the global nonprofit focused on increasing environmental disclosures. What’s more, the figure falls to less than 1% when all companies reporting environmental data are considered. The number of companies that actually reported a 1.5C plan increased by 44% to roughly one in four. While that’s “encouraging, action on credible climate-transition planning isn’t moving fast enough,” according to the report.

fire broke out at a residential society in Ghaziabad's Vasundhara on Tuesday night. On getting the information fire officials reached the spot, doused the fire, and rescued residents safely. Fire official Rahul Pal said, «At 11:20 PM we received a call regarding a fire at flat no 613 at Merlin Society in Vasundhara. Promptly three of our fire brigade rushed to the spot and started rescuing people. An elderly woman who was trapped in flat no 605 because of smoke was also rescued.» «An additional fire brigade was called in and the fire was doused after one and a half hours of efforts. No one received any injuries, everyone is doing fine and the situation is normal now,» he added.

Gujarat State Fertilizers & Chemicals Ltd (GSFC) share price gained more than 7% in morning trades on Wednesday. The Gujarat State Fertilizers & Chemicals (GSFC) share price remains in focus as news reports suggest that fertilizers may get some relief in taxes from the government.

divorce rates in the world, currently estimated at around 1.1%, India has seen a steady increase in divorce cases in recent years. This trend is attributed to the growing complexities of modern life, as noted in a report by the United Nations.Divorce is a challenging journey, especially when children are involved.

MUMBAI : Sanitaryware maker Varmora Granito, backed by global private equity firm Carlyle Group, is looking to raise $100-150 million in a pre-public listing round, two people familiar with developments in the company said. The mix of primary and secondary fundraise from private equity investors is expected to see the company valued at ₹5,000 crore (nearly $600 million), the people added. “There is significant inbound interest from funds that are willing to invest in the company," said one of the persons cited above.

State Bank of India: SBI has initiated discussions with market participants to raise around ₹10,000 crore ($1.20 billion) through infrastructure bonds.Indus Towers: Vodafone Group Plc will sell a 9.94% stake in Indus Towers through a bulk deal at a price range of ₹310- ₹341 per share. The sale, which is slated to open on Wednesday, is managed by Morgan Stanley, BofA Securities, Jefferies, and BNP Paribas.Housing and Urban Development Corporation: HUDCO has raised $200 million (JPY 30 billion) in its first venture into the syndicated loan market.

Simplilearn is aiming for revenue growth of 35-40% in fiscal 2025, cofounder and chief operating officer Kashyap Dalal said. The Bengaluru and San Francisco-based company posted “roughly flat” revenue in fiscal 2024 and became profitable in the final quarter of the financial year, Dalal told ET, without giving details. It has yet to report the FY24 financial results.

TPG Capital has emerged the lead contender for about 60% of Michigan-based digital services company Altimetrik, said people aware of the development. Altimetrik, owned by Indian American entrepreneur Raj Vattikuti, is being valued at $1.5 billion (₹12,500 crore), they said. TPG's Asia investment platform TPG Capital Asia has signed an exclusivity agreement with the promoters, said the people cited. Jefferies is advising the promoter.

Warburg Pincus is set to lead a $100-150 million (about Rs 833 crore to Rs 1,250 crore) funding round in SoftBank-backed software-as-a-service (SaaS) firm Whatfix, said people with knowledge of the matter. SoftBank, which holds more than 13% in the Bengaluru and US-based company, too is expected to participate in this round, which will see early investors Helion Venture Partners and Eight Roads Ventures making partial exits, the people said, adding that the round would be a mix of primary and secondary share sale.