Sunday, September 20
The declared incomes of registered unrecognised political parties witnessed a 223 per cent spike in 2022-23 and more than 73 per cent of these parties failed to publicly disclose their financial records, according to poll rights body the Association for Democratic Reforms (ADR).Its report analysed the status of submission of annual reports of a total of 739 (26.74 per cent) registered unrecognised parties across 22 states in India, whose either audit or contribution reports were available on the websites of respective state CEOs for the 2022-23 financial year.The analysis showed that both annual audit and contribution reports of a significant 73.26 per cent or 2025 of the total registered unrecognised parties are not available in the public domain for FY 2022-23.The maximum number of regis
ET Intelligence Group: Select companies in the fast moving consumer goods (FMCG) sector are expected to show marginal pickup in sales volume for the June quarter. Revenue growth will likely be driven by higher prices for some firms while others may report pressure due to weak demand. Margins may contract due to higher material costs and increased advertising spend for some companies. Marico and Tata Consumer Products are top picks of most analysts.The sector major, Hindustan Unilever's volume growth is expected to revive to 3% for the June 2025 quarter given gradual recovery in demand. After clocking a 4% improvement in the year-ago quarter, volume growth fell in each of the following quarters to 2% in the March 2025 quarter. Operating profit may remain flat while margins are likely to con
Patel Chem Specialities will open its Initial Public Offering (IPO) on Friday, July 25. The issue comprises a fresh offer of 70,00,000 equity shares with a face value of ₹10 each. The total issue size is ₹58.80 crore at the upper price band, with the price band set at ₹82 to ₹84 per share. The market lot is 1,600 equity shares.The anchor portion will open and close on July 24. The issue will close on July 29. The expected allotment date and credit to demat accounts is on or before July 31. The listing date is August 1 and will be listed on BSE SME.Also Read | The Wealth Company receives Sebi approval to commence mutual fund businessThe share allocation for Qualified Institutional Buyers (QIB, including Anchor) is 33,16,800 shares, for Non-Institutional Investors (NII) is 9,98,400 s
It’s not just Prada that’s hotfooting it to the country. From couture to handbags and heels, the luxury market is having an India moment. Add watches, fine art and jewellery to the list.While Prada is being inspired by the Kolhapuri chappal, an autorickshaw was the inspiration for a recent Louis Vuitton handbag that split the internet into the lovers, the haters and the mildly puzzled. Luxury watch brand Franck Muller is planning two Indian editions. Meanwhile, a piece in London fashion designer Robert Wun’s latest Haute Couture collection created a buzz last week on social media.“Robert Wun showing a fishtail cocktail lehenga gown was not in my 2025 bingo card,” said popular fashion handle Diet Sabya.While there’s been no official reference to the lehenga by the designer brand
Mumbai: Is it the beginning of a slow death for equity-linked savings scheme (ELSS), the once-popular tax-saving offering by mutual funds? With several investors shifting to the new tax regime, the demand for this equity scheme category is dwindling as fresh money is drying up, while old-timers are pulling money out after the three-year mandatory lock-in.ELSS has seen net outflows of ₹1,616 crore in the first quarter FY26. Over the last 12 months, the ELSS category has seen net inflows of ₹535 crore, compared to flows into the flexicap category worth ₹56,309 crore. "Many taxpayers have switched or are switching to the new tax regime, which is now very much attractive," says Gautam Nayak, partner, CNK and Associates. "Since there are no tax benefits available under Section 80C, these
