Mumbai: Mahindra and Mahindra Ltd (M&M), has announced its entry in India’s $20 billion life insurance market with a 50:50 Joint Venture with Canada-based Manulife Financial Corporation, one of the world’s leading life insurance and wealth management companies. This announcement extends the collaborations between the two companies, following its earlier JV for wealth management named Mahindra Manulife Investment Management Company in 2020. This JV aims to help the automotive company expand into financial services, where it is already managing assets worth ₹19,000 crore. This collaboration will involve both partners investing about Rs.7,200 crores over the next decade, with the JV…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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Mumbai: Thomas Cook (India) Limited (TCIL) has reported a 9% growth in revenues to Rs. 44,818 million in H1 FY26, from Rs. 41,097 million in the same period last year. Profits Before Tax (PBT) has remained flat at Rs.2,211 million, a slight increase from Rs. 2,187 million from the same period last year, as weather disruptions and global headwinds have hampered demand in key tourism markets. Despite this, the company’s financial services and travel services have recorded 9% and 12% year-on-year increases in revenues respectively, mainly due to strong demand for overseas education and holidays. Its Corporate travel segment has…
Mumbai: Marathon Nextgen Realty Ltd(MNRL), has announced the launch of three new residential projects in Bhandup, Mumbai, significantly expanding its NeoHomes affordable brand. The combined worth of these projects is pegged at ₹370 crore, with almost 2.2 lakh sq ft of saleable area on offer. The first development is a new tower within the company’s 6.5 acre NeoPark layout, offering about 1.2 lakh sq ft of saleable carpet area and a Gross Development Value (GDV) of ₹200 crore. Along with this, the company is also introducing its second tower, Neovalley Narmada and Neo Park Ashoka, together adding another 1 lakh…
Mumbai: India’s leading paints company Asian Paints declared a 43% rise in net profit to ₹994 crore from ₹ 694.6 crore last year. The company has witnessed a strong demand over the years, with its decorative paints segments continuing to outperform, while its emerging home decor and industrial coatings verticals also posting healthy growth numbers. The company’s revenues from operations grew modestly by 6.4% from ₹8,003 crore to ₹ 8,513 crore in the same quarter last year, even as modest price hikes affected margins. Despite that, the company has declared an interim dividend of ₹4.5 per share, reflecting its long-standing…
Hyderabad: Generic pharma company Natco Pharma has announced the acquisition of a 35.75% stake in South Africa’s Adcock Ingram Holdings Ltd (AIHL) for $226 million (about ₹2,000 crore), giving the company a wider reach to expand into the African pharmaceutical market. Following this transaction, AHIL has delisted from the Johannesburg Stock Exchange(JSE). This deal, which was cleared by Natco’s shareholders earlier this month, included an offer for ZAR 75 per share, representing an 8% premium to Adcock’s fair value. Natco’s proposed the deal to Adcock’s minority shareholders in July 2025 with the approval received by October this year. With this,…
Mumbai: Veterinary vaccine manufacturer Hester Biosciences reported a 71% year-on-year rise in consolidated net profit to ₹14.33 crore for the quarter ended September 2025, despite a 15% decline in revenues to ₹70.96 crore. Operational challenges in its subsidiaries in Nepal and Africa have been the biggest drag on the company’s financials. Additionally, slower offtake from institutional orders, primarily from the government’s immunisation programs for PPR and Lumpy Skin Disease for livestock, has also been attributed to the mixed results. The company has reached important milestones this quarter, including authorization for its H9N2 poultry vaccine and the introduction of feed supplements…
New Delhi: Union Minister for New & Renewable Energy Pralhad Joshi called for proposals worth ₹100 crore for biomass-based green hydrogen plants, as he addressed the inaugural session of the 3rd International Conference on Green Hydrogen (ICGH 2025) at New Delhi on Tuesday, November 11. “ICGH-2025 is more than a conference, it is a platform for global collaboration and collective action. As we move towards realizing the goals of the National Green Hydrogen Mission, India stands ready to work with international partners to build a resilient and inclusive green hydrogen ecosystem that powers sustainable growth for all”, he said in…
Mumbai: Celebrated audio accessories brand BoAt, founded by Shark Tank host Aman Gupta, is now at the center of the controversy surrounding its IPO. The brand, through its holding company Imagine Marketing Limited, is hoping to raise ₹1,500 crore, after shelving its earlier plan of raising ₹2,000 crore when it first filed the Draft Red Herring Prospectus (DRHP) in January 2022. According to a now viral LinkedIn post by market commentator Jayant Mundhra, the BoAt has been abandoned by the one supposed to be steering it, especially during this crucial time. Aman and co-founder Sammer Mehta resided from the board…
New Delhi: Defence Minister Rajnath Singh today gave the inaugural address for this years Delhi Defence Dialogue 2025, hosted by the Manohar Parrikar Institute for Defence Studies and Analyses (MP-IDSA). In his speech, he emphasised the need to expand the scope of Aatmanirbhar Bharat, so as to be completely self-reliant for crucial defence technologies. Speaking at the ‘Delhi Defence Dialogue’ in New Delhi. https://t.co/lWV6o5Art3 — Rajnath Singh (@rajnathsingh) November 11, 2025 “(We) Need to build systems and ecosystems to make creation & adoption of new tech seamless, swift and self-sustaining,” he said. “True strategic autonomy will come only when our…
For most of us, owning a home remains the ultimate life goal, with everything else remaining the same. Owning a house that’s truly yours has been a milestone for every family, but this dream has remained a dream for many, especially as housing prices rise to the point where an average working professional will need an entire lifetime to pay off their home loans. In such a scenario, one Delhi guy has shown how it’s possible to pay off your loans within your tenure, even if it means sacrificing more than you think. On a now viral post on Reddit,…
