The apparel market in India grew by 15 per cent during 2022-23. However, the expansion in the apparel market was not led by an increase in sales but by price hikes, The Economic Times(ET) said in a report. In fact, sales went down by 3 per cent according to data released by the Clothing Manufacturers Association of India (CMAI), the report said.

Growth in sales is above pre-pandemic levels, but this growth came about only during Diwali last year.

Adani Ports & Special Economic Zone Ltd. has started the conglomerate’s first bond buyback since it was targeted by a short seller in January, sending its July 2024 notes to its biggest gain in a month.

The company also said it plans to buy back $130 million of the 3.375 per cent senior notes in each of the next four quarters as it tries to show its comfortable liquidity position, the firm said in stock exchange filing.

Former Maharashtra CM Uddhav Thackeray took a slay dig at the Eknath Shinde camp and said that elections can happen any time and they were "prepared".

Addressing a public meeting in Jalgaon on Sunday, Uddhav, who now heads the Shiv Sena (UBT), said, "Elections [in Maharashtra] can happen at any time and we are prepared. The matter is in Supreme Court and we are hopeful that the eventual verdict will be in our favour. After that, anything can happen at any time."

Shree Yogi Realcon Private Limited, a 100 per cent subsidiary of Ajmera Realty & Infra India Limited has acquired a land parcel of 5,017 square meters from Tata Communications in a bidding process for Rs 76 crores.

The acquisition is intended for the residential development offering one, two and three BHK, with an estimated gross sales value of Rs 550 crores, the company said in a statement.

Fast moving goods company (FMCG)-to-Cigarette major ITC became the seventh most valued listed company on Friday, as it surpassed home loan major Housing Development Finance Corporation (HDFC) in terms of market capitalisation (m-cap).

Shares of ITC hit a new of Rs 405.90, up 1.4 per cent on the BSE in the intra-day trade today. At 12:26 pm, the S&P BSE Sensex was down 0.12 per cent at 59,560.

Tamil Nadu Finance Minister P Thiaga Rajan (PTR) said on Friday the state would lease to the Airports Authority of India (AAI) or the Centre the land needed for Coimbatore airport’s expansion, but it will not transfer ownership.

Tamil Nadu disagrees that AAI should have the right to sub-lease the land to the private sector. It said this a month after Civil aviation minister Jyotiraditya Scindia urged the state government to acquire and hand over land for expanding airports in Chennai, Trichy, Madurai, Tuticorin, Coimbatore and Vellore.

The flow of money across borders is quickly growing, often changing and impossible to fully track.

The best guess comes from the World Bank, which estimates that about $630 billion was sent in remittances to low- and middle-income nations in 2022, roughly equaling foreign direct investment in those countries. The sum represents a rise of almost 5%, with economies rebounding from Covid-19 and overseas workers — along with a rising number of refugees — sending more money home.

Kumar Mangalam Birla has rejoined the board of Vodafone Idea (Vi) as an additional non-executive director. On Thursday, the company's board of directors approved his appointment, which will take effect on April 20. It also accepted the resignation of non-executive director K K Maheshwari from the board.

Birla had stepped down from the post of non-executive chairman of the company in August 2021 barely two months after offering his entire stake to a public sector or a domestic finance company. Birla handed over the reign to group veteran Himanshu Kapania. Ravinder Takkar took charge as non-executive chairman replacing Kapania last August.

Shares of HCL Technologies were up 3 per cent at Rs 1,073.85 on the BSE in Friday’s intra-day trade after the company reported a net profit of Rs 3,983 crore for the fourth quarter (Q4) ended March 31, 2023. The net was up 10.8 per cent year-on-year (YoY).

Sequentially, it was down 2.8 per cent.
Revenue for the quarter grew 17.7 per cent YoY at Rs 26,606 crore, although revenue growth was flat sequentially.

Contrary to expectations, the new business premium (NBP) of life insurance companies dropped 12.62 per cent year-on-year (YoY) in March 2023 due to an over 30 per cent drop in Life Insurance Corporation (LIC) of India’s premiums, albeit on a high base.

Data released by the Life Insurance Council shows the industry racked up NBP of Rs 52,081 crore in March 2023, compared with Rs 59,608.83 crore in the year-ago period.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.