Wednesday, September 16
The combined value of India’s most valuable real estate companies stands at $188 billion, or Rs 16 lakh crore, up Rs 1.9 lakh crore from a year ago, exceeding the Gross Domestic Product of Kuwait and the combined GDP of Jordan and Bulgaria, according to a joint study by GROHE and Hurun India.The annual assessment, profiling the country’s top 150 real estate firms by enterprise value, reported a 14% annual growth in cumulative valuation, significantly lower than last year’s 70% surge. The BSE Realty Index also reflected this slowdown, with a 12% decline.Despite the tempered pace, the sector continues to expand its footprint. Sixty-three companies debuted on the list this year, 29 of them directly entering the top 100, indicating widening investor confidence.Also Read: How will TCS lay
Shares of India’s leading shrimp exporters tumbled as much as 7% on Thursday, July 31, after U.S. President Donald Trump announced a 25% tariff and unspecified penalties on Indian goods, citing continued business ties with Russia.Avanti Feeds, Apex Frozen Foods, and Waterbase Ltd saw sharp declines as investors reacted to the potential hit to exports. Avanti Feeds shares dropped 6.6% to Rs 645, Apex Frozen Foods fell 6.5% to Rs 225.05, while Waterbase shed 4.5% to Rs 49.16.The declines follow Trump’s Wednesday evening announcement that India will face a 25% tariff on all its exports to the United States, alongside an unspecified financial penalty for its dealings with Russia, including defence and oil purchases.The U.S. is a crucial market for India’s shrimp exporters. Avanti Feeds,
Shares of Punjab National Bank (PNB) fell 4% to Rs 103.9 on Thursday after the state-run lender reported a 48% year-on-year (YoY) decline in standalone net profit for the June 2025 quarter. The bank posted a net profit of Rs 1,675 crore, down from Rs 3,251.5 crore in the same quarter last year.Total income for the quarter rose 15.7% YoY to Rs 37,232 crore, compared to Rs 32,166 crore a year ago. However, net interest income (NII) remained largely flat, rising just 1% to Rs 10,578 crore.The sharp drop in profitability was mainly due to a one-time tax expense of Rs 5,083.3 crore, significantly higher than Rs 2,017 crore in the year-ago period. On a consolidated basis, net profit fell 52% YoY to Rs 1,832 crore.Asset Quality Sees ImprovementPNB reported modest improvement in asset quality. Gro
