Gaurav Bansal

[ad_1] Godrej Properties is set to launch residential projects worth Rs 40,000 crore in the financial year 2025-26 as part of its strategy to expand operations and boost its market share. The company aims to maintain its position as the top listed real estate developer in terms of sales bookings, according to Executive Chairperson Pirojsha Godrej.In an interview with PTI, Pirojsha said housing demand remains strong despite global economic uncertainties. The company recorded sales bookings of Rs 29,444 crore in FY25—its highest ever and the top among listed real estate firms."So, overall, I am very happy with the company's performance in FY25, and I think, key is now to maintain this momentum in the current financial year," Pirojsha said.He added that the company will continue investing in land acquisition and project development to fuel growth and strengthen its market presence."We […]

[ad_1] Sebi has observed that individuals' activity in index options within the derivatives segment has not declined as much as expected and may take further action after a deeper review, sources told news agency PTI.The capital markets regulator examined activity between December 2024 and March 2025 and found that although there has been a year-on-year drop, trading levels remain significantly higher than two years ago.In November 2024, Sebi introduced restrictions in the futures and options (F&O) market targeting high individual activity, following data that showed over 90 per cent of individual traders were incurring losses.According to Sebi's analysis, the number of individuals trading in equity derivatives fell 12 per cent year-on-year, but rose 77 per cent compared to the same period two years ago (December 2022–March 2023).Index options remain the primary area of concern due to intense speculation, especially on […]

[ad_1] The Indian stock market is expected to take cues from recent geopolitical developments, macroeconomic data releases, and corporate earnings this week, analysts said on Saturday.A key factor influencing investor sentiment will be the recent agreement between India and Pakistan to halt all military actions across land, air, and sea following days of intense cross-border drone and missile strikes."This de-escalation removes a key overhang on investor sentiment and is likely to be seen as a major positive development by financial markets. Historically, markets have shown resilience and a tendency to recover following such geopolitical de-escalations," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.He noted that all eyes will be on foreign institutional investors (FIIs), who turned sellers in Friday’s session after being net buyers over the last two weeks.Ajit Mishra, SVP, Research at Religare Broking Ltd, highlighted the importance […]

[ad_1] Faced with deposit growth challenges, Canara Bank launched a unique internal campaign by asking each of its 82,000 employees to contribute towards deposit mobilisation. Resultantly, the bank collected Rs 16,700 crore within just ten weeks, a top official has said.The initiative began on January 26, 2024, amid a system-wide slowdown in deposit accretion. The bank’s top management appealed directly to staff, urging them to reach out within their personal and professional circles to help boost the bank’s deposit base.“We had given a call to each of the 82,000 staff members to canvas, contacting their relations and whatever there is in their circle. Each one should bring Rs 10 lakh as a deposit either in CASA (current and savings account) or retail term deposit,” Managing Director and Chief Executive Officer K Satyanarayana Raju told PTI.Raju said the campaign received wholehearted […]

[ad_1] Regional airline Star Air on Saturday announced the launch of direct flights from Kolhapur to Bengaluru, Hyderabad, and Nagpur starting May 15, as part of its summer schedule expansion.Currently, the airline operates 16 weekly flights (direct and via) from Kolhapur to Ahmedabad, Mumbai, and Tirupati. With the addition of three new destinations, the number of cities served from Kolhapur will rise to seven, and weekly frequencies will increase to 28, the airline said as reported news agency PTI.As part of the upgrade, from May 15, Star Air will also replace its 50-seater Embraer ERJ-145 aircraft with 76-seater ERJ-175 aircraft featuring a business class cabin on the Mumbai-Kolhapur-Mumbai and Kolhapur-Ahmedabad-Kolhapur routes.The expansion aligns with the Kolhapur-headquartered Sanjay Ghodawat Group’s airline network growth strategy for the summer, the company said in a statement.Looking ahead, Star Air plans to operate 32 weekly […]

[ad_1] Realty developer Trinity has awarded a Rs 510 crore construction contract to BL Kashyap and Sons Ltd for its upcoming luxury residential project in Gurugram, the company said in a statement on Sunday.The project, named Sky Palazzo Residences, will be developed in Sector 88B, Gurugram.Vineet Kashyap, Managing Director of BL Kashyap and Sons Ltd, expressed his enthusiasm about the project stating “We are pleased to announce the addition of this significant order to our growing portfolio. With this Rs 5.10 billion project for Sky Palazzo Residences, our order book reflects strong momentum and a healthy pipeline. Residential group housing has been a core area of expertise for BL Kashyap, and we take pride in contributing to the development of high-quality living spaces in key urban markets.""NCR remains one of our most strategic regions, offering immense potential for infrastructure-led growth. […]

[ad_1] Around 100 flights to and from Delhi’s Indira Gandhi International Airport were cancelled on Sunday, a source said, as heightened security measures were implemented and multiple airports in northern and western India were temporarily shut amid tensions between India and Pakistan.The cancellations followed a mutual understanding reached between India and Pakistan on Saturday to cease all firings and military actions across land, air, and sea with immediate effect.According to the source as quoted by news agency PTI, flight cancellations at Delhi airport between 5:00 am and 4:30 pm included 52 domestic departures, 44 domestic arrivals, and one international departure.In a post on X, Delhi International Airport Ltd (DIAL), which operates the Indira Gandhi International Airport, said:“Delhi Airport is operating normally. However, due to changes in airspace dynamics and increased security measures, some flight schedules and security checkpoint processing times […]

[ad_1] India has excluded British wines from any import duty concessions and is offering only limited relief on UK beer under the recently concluded free trade agreement (FTA) with the United Kingdom, a senior official has said.The FTA, announced on May 6, also excludes several other sensitive agricultural products from tariff reductions. These include dairy products, apples, cheese, oats, and animal and vegetable oils.“Wine is on the exclusion list, along with several other agricultural products in the trade pact. We are also offering only a limited duty concession on British beer,” the official said as quoted by news agency PTI.India and the UK concluded negotiations for the agreement earlier this month, a deal that is set to make British Scotch whiskey and cars more affordable in India, while easing duties on Indian exports such as garments and leather products to […]

[ad_1] India and the European Union (EU) will begin the 11th round of negotiations on the proposed Free Trade Agreement (FTA) from Monday, aiming to conclude the first phase of the pact as early as possible, a government official told news agency PTI.The discussions, scheduled to continue until May 16 in New Delhi, mark the next step toward a phased conclusion of the trade deal. Both sides have agreed to finalise the agreement in two stages, considering uncertainties in the global trade environment, particularly those stemming from tariff measures initiated during US President Donald Trump's tenure."The EU team will be here for the 11th round of negotiations. It will continue till May 16," the official said.The initial phase of the agreement will cover areas where there is already convergence. The second phase is targeted for completion by the end of […]

[ad_1] India’s GDP is projected to grow at 6.5 per cent in the current fiscal year, with the economy resilient enough to withstand short-term geopolitical disruptions, CII President Sanjiv Puri has said. Speaking to PTI, he emphasised the need for India to strengthen its trade position by pursuing bilateral agreements, especially amid the rising trend of global protectionism.On the outlook for FY26, Puri said, "We are looking at 6.5 per cent. We believe this number can be achieved fundamentally, because the fact is, we are starting with a reasonably good foundation, robust economic foundation."He highlighted several positive macroeconomic indicators supporting this projection, including easing interest rates, declining inflation, personal income tax concessions effective from April 1, and a noticeable pickup in both public and private investments in the latter part of the previous fiscal year.Private investment is reportedly gaining momentum […]