PMS industry AUM rises 2% to ₹44.11 lakh crore in July
Business Line - Homeby BL Mumbai Bureau·12h ago
India’s portfolio management services (PMS) industry continued to expand in July, with assets under management (AUM) rising 2 percent month-on-month to approximately ₹44.11 lakh crore, according to...
Radico Khaitan launches Aam Panna Vodka as Magic Moments eyes flavoured segment growth
Business Line - Homeby BL Mumbai Bureau·12h ago
Radico Khaitan on Wednesday launched Magic Moments Aam Panna, adding a raw mango-inspired variant to its Flavours of India vodka portfolio.
Epigamia aims to double business in 24-30 months, grow offline distribution
Business Line - Homeby Meenakshi Verma Ambwani·12h ago
Epigamia is eyeing an annualised revenue run rate of ₹1,000 crore by March 2028 as it plans to double its business in the next 24-30 months.
Proprietary traders hold gains as FPI, MF profits plunge in derivatives market
Business Line - Homeby Akshata Gorde·12h ago
The cooling down in India’s equity derivatives market in FY26 was not just reflected in the fall in retail participation or losses, but also showed up on the profitable side of the trade, where...
‘Resale’ sugar prices drop in India even as retail rates soar to a new high
Business Line - Homeby Subramani Ra Mancombu·12h ago
Resale sugar prices in India, particularly Karnataka and Maharashtra, dropped by ₹400-500 a quintal on Friday, following the government’s decision to permit import of 1 million tonnes of raw sugar.
India govt offers broken rice at ₹2,100/quintal under OMSS policy for July-Sept quarter
Business Line - Homeby BL Bengaluru Bureau·12h ago
The Indian Government has fixed reserve price of ₹2,100 per quintal for the sale of broken rice to all under the Open Market Sale Scheme-Domestic (OMSS-D) for the July-September quarter.
Broker’s call: Navin Fluorine (Accumulate)
Business Line - Homeby KS Badri Narayanan·12h ago
Target: ₹8,812 CMP: ₹8,196.15 We attended the analyst meet of Navin Fluorine International Ltd (NFIL) and, based on our interaction with the management, the company continue to remain well...
De Havilland Canada sees strong traction for India’s seaplane ecosystem
Business Line - Homeby Rohit Vaid·13h ago
India’s decision to allow the import of 20-year-old seaplanes has drawn a “measured but optimistic” response from De Havilland Canada, which said the regulatory shift will enable operators to...
CDSCO to significantly step up audits, inspections of medical-device makers: DCGI
Business Line - Homeby Ankita Upadhyay·13h ago
The Central Drugs Standard Control Organisation (CDSCO) will significantly step up audits and inspections of medical-device manufacturers as the regulator gets additional manpower, said Drug...
TGIIC Raidurg land auction fetches record ₹264 crore per acre
Business Line - Homeby BL Hyderabad Bureau·13h ago
The Telangana Industrial Infrastructure Corporation (TGIIC) has raised the benchmark for premium land values in Hyderabad, securing ₹1,386 crore from the e-auction of 5.25 acres at Raidurg here on...
Hexaware bets on AI to capture SaaS spending with custom software
Business Line - Homeby BL Chennai Bureau·13h ago
Mid-tier IT-services firm Hexaware aims to capture a larger share of the IT-spend pool by leveraging AI to help enterprises build custom software instead of relying on traditional SaaS vendors.
Bengaluru airport UDF cut to Rs 300 for domestic passengers: AERA
Business Line - Homeby PTI·13h ago
Regulator AERA on Friday steeply slashed the user development fee at the Bengaluru international airport to Rs 300 for domestic and Rs 997 for international passengers for the five-year control...
SC says MGNREGA a ‘salutary scheme’ as it was neither a freebie nor exploitation
Business Line - Homeby Krishnadas Rajagopal·13h ago
The Supreme Court on Friday heaped praise on India’s former national employment guarantee law, Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), calling it a “salutary scheme” which...
Sensex, Nifty today: Markets end marginally higher but post weekly losses
Business Line - Homeby Anupama Ghosh·13h ago
Equity benchmarks closed marginally higher on Friday, extending their recovery for a second consecutive session, even as elevated crude oil prices and rising global bond yields capped gains.
Lumino Industries to launch ₹700-crore IPO on August 27, fixes price band at ₹78-82 per share
Business Line - Homeby BL Kolkata Bureau·13h ago
Power cables and electrical wires maker Lumino Industries, which will launch its ₹700-crore initial public offer (IPO) on August 27, has fixed the price band of ₹78-82 per equity share for its...
Atomberg Technologies IPO: Company files DRHP for ₹450-crore fresh issue
Business Line - Homeby BL Bengaluru Bureau·13h ago
Consumer appliances maker Atomberg Technologies has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) to raise funds through an...
RBI Central Board reviews economic outlook and global, domestic challenges in Chennai
Business Line - Homeby BL Chennai Bureau·13h ago
The Reserve Bank of India (RBI) held the 624th meeting of its Central Board of Directors in Chennai on Friday. The event was held under the Chairmanship of Sanjay Malhotra, Governor of the RBI.
Indian Navy receives third indigenous ASW shallow water craft ‘Mangrol’
Business Line - Homeby BL Kochi Bureau·13h ago
‘Mangrol’, the third of eight Anti-Submarine Warfare Shallow Water Craft (ASW SWCs) indigenously designed and constructed by Cochin Shipyard Limited, was delivered to the Indian Navy on Friday.
Govt restricts sale and distribution of chlorpheniramine-phenylephrine combination drugs for young children
Business Line - Homeby BL New Delhi Bureau·13h ago
The Centre on Friday imposed restrictions on the manufacture, sale and distribution of fixed-dose combination (FDC) medicines containing Chlorpheniramine Maleate and Phenylephrine Hydrochloride for...
Tea prices firm ahead of Onam holidays
Business Line - Homeby BL Kochi Bureau·13h ago
The absence of sales next week on account of the Onam holidays has pushed up tea prices at the Kochi auctions, with both CTC dust and leaf varieties witnessing firm demand.
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