Swati Nair

3 days ago | goodreturns.in | Swati Nair

Business On Wednesday, a promoter of Kaynes Technology India sold a 1.8% stake in the company, amounting to Rs 624 crore, through open market transactions. Ramesh Kunhikannan, a promoter from Mysore-based Kaynes Technology India, executed the sale. The shares were sold on both the NSE and BSE. Kaynes Technology Stake SaleKunhikannan sold 6.25 lakh shares on the NSE and 5 lakh shares on the BSE, totalling a 1.8% stake. The shares were sold at prices ranging from Rs 5,550.87 to Rs 5,553.03 each.

3 days ago | goodreturns.in | Swati Nair

Business Bata India is aiming for a revenue growth strategy focused on volume over the next five years, targeting middle-class Indians. The company seeks to offer value propositions and adjust cost prices to remain relevant to this consumer segment, according to Managing Director & CEO Gunjan Shah during an earnings call. Shah emphasised the importance of maintaining a volume-driven growth trajectory, acknowledging potential fluctuations in quarterly performance.

4 days ago | goodreturns.in | Swati Nair

Business A consortium led by Schloss Bangalore The Leela has been allocated a commercial plot in Mumbai's Bandra-Kurla Complex by the Mumbai Metropolitan Region Development Authority (MMRDA). This plot will host a mixed-use development, featuring a 250-key luxury hotel, as per the company's regulatory filing. The consortium, which includes Arliga Ecospace Business Park Pvt Ltd and Schloss Chanakya Pvt Ltd, has secured an 80-year lease for this commercial plot.

5 days ago | goodreturns.in | Swati Nair

Business Union Cooperation Minister Amit Shah urged swift action to expand loan facilities for Primary Agricultural Credit Societies (PACS) under the Agriculture Infrastructure Fund (AIF). This initiative aims to enhance PACS' financial health. Shah reviewed the plan to establish the world's largest cooperative food grain storage network, stressing PACS' crucial role in this scheme. Shah highlighted the importance of integrating PACS into the food storage initiative.

1 week ago | goodreturns.in | Swati Nair

Business India's electric vehicle (EV) market has seen growth due to central and state policies from 2014 to 2023. However, these policies have not significantly increased EVs' share in the overall vehicle market. Challenges such as consumer preference for internal combustion engine (ICE) vehicles and insufficient charging infrastructure persist, according to a recent study. India aims to cut carbon emissions per GDP unit by 45% by 2030 and achieve net zero by 2070.