DLF Sells ₹2,300 Cr Homes
Your daily dose of business news
🗞️ ITC to Invest ₹20,000 Cr in New Manufacturing Units
ITC plans to invest ₹20,000 crore over the medium term to build new manufacturing units, boosting its FMCG footprint and job creation.
💬 Expert Take:
"Large greenfield investments signal robust demand confidence in India’s consumer story,"
— Meera Sethi, FMCG Analyst, Consumer Insights Hub
🗞️ LIC’s ₹15 Lakh Cr Portfolio Gets a Shake-Up
LIC is rebalancing its massive ₹15 lakh crore equity portfolio — trimming stakes in retail favourites like Suzlon and Vedanta while betting bigger on defence.
🗞️ DLF Sells ₹2,300 Cr Luxury Mumbai Project in Days
DLF sold all 416 apartments worth ₹2,300 crore in its debut Mumbai project within days — underlining strong demand for high-end housing.
🗞️ Swiggy Restructures Board Ahead of IPO
Swiggy has overhauled its board, adding new independent directors as it gears up for its much-anticipated IPO.
🗞️ Brigade Hotel Ventures IPO Opens, Retail Portion Oversubscribed
Brigade Hotel Ventures opened its IPO, getting 0.67x subscription on Day 1, with retail investors fully subscribing their quota.
🗞️ Bank of Baroda Q1 Net Profit Up 1.8%
Bank of Baroda posted a modest 1.8% YoY rise in Q1 net profit to ₹4,541 crore, as higher provisions capped gains.
💬 Expert Take:
"Stable profit but sticky NPAs show India’s large banks are cautious despite credit demand,"
— Rajesh Kulkarni, Banking Sector Analyst
🗞️ GST Helped Curb Tax Evasion, Says BoB Report
A Bank of Baroda report says GST implementation expanded the tax base and reduced evasion significantly over 8 years.
🗞️ Bengaluru’s Juspay-Backed Namma Yatri Expands
Namma Yatri, Juspay’s mobility platform, is boosting Bengaluru’s last-mile transit by supporting public transport and easing traffic woes.
Market Updates:
📉 Sensex: 81,463.09 ▼ −0.88 % (↓721 pts)
📉 Nifty 50: 24,837.00 ▼ −0.90 % (↓225 pts)
💵 USD/INR: ₹86.52 ▼ weakening amid FII outflows and policy uncertainty
🪙 Gold (24K): ₹98,440/10 g ▼ easing on global recovery hopes
🪙 Silver: ₹1.15 lakh/kg ▶ steady
🛢️ Brent Crude: ~$68.70/bbl ▶ flat