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DMart Q1 results: Higher costs, slower mature-store growth weigh on margins
Quick commerce apps continued to squeeze urban revenue at parent firm Avenue Supermarts, forcing it to lean heavily on tier-II and tier-III market expansions to sustain its momentum.
"Hyderabad to become high-speed hub": Ashwini Vaishnaw announces 3 bullet train corridors for Telangana
Hyderabad is set to transform into a high-speed transportation hub with the upcoming three bullet train corridors. This ambitious project aims to connect regional economies and reshape the urban environment significantly. The Indian government has earmarked substantial funds for railway enhancements in Telangana. Furthermore, numerous railway stations nationwide are undergoing major renovations, with Secunderabad and Begumpet nearing completion in Telangana.
Ceinsys Tech gains on bagging Rs 67-cr MP Government Contract for PMAY-U Project
Ceinsys Tech added 3.15% to Rs 934.10 after the company has has secured a Rs 67.04 crore contract from the Directorate of Urban Administration & Development, Government of Madhya Pradesh.
Battery Smart raises Rs 124 crore debt
Battery Smart secured debt funding to expand its battery swapping network. This investment will support infrastructure growth in urban and semi-urban markets. The company's model allows quick battery exchanges for electric vehicle users. Battery Smart currently operates over 1,600 stations in more than 70 cities. This funding boosts responsAbility's total commitment to Battery Smart significantly.
Eternal shares could hit new record highs, Motilal Oswal projects backed by these factors
As Eternal expands beyond food and quick commerce into the wallet share of the affluent urban consumer, Motilal Oswal believes District presents meaningful optionality and could contribute $125 million to its EBITDA by FY30.
GIFT City partners with Vietnamese financial institutional firm to exchange knowledge and signs multiple MoUs
GIFT City partnered with Vietnam's VIFC-DN to share financial hub development knowledge. This collaboration will focus on financial services and digital innovation. The Indian financial center also signed MoUs with Tata Communications. These agreements aim to boost GIFT City's appeal for global businesses. Additionally, CEPT University will collaborate on research and urban planning initiatives.
FMCG sector Q1 results preview: Healthy topline growth likely, margin to be resilient despite inflation pressure
FMCG sector Q1 results preview: FMCG companies are expected to report healthy revenue growth in Q1FY27, on account of steady volume growth amid stable demand conditions and timely price hikes. Both rural and urban demand are expected to have remained resilient, with no major divergence.
India's retail car sales jump nearly 29% in June
India's auto sector recorded passenger vehicle sales growth of 28.63% in June. The overall automobile industry saw a 21.83% jump, driven by strong performances in tractors and two-wheelers. Rural areas outpaced urban centers in passenger vehicle growth. Notably, alternative fuel vehicles, including EVs, experienced a remarkable 40.35% increase.
El Nino impact in sight even as top FMCG firms bet on rising India consumption
India's top retail firms anticipate robust April-June revenue growth, fueled by steady consumer demand and improving rural sentiment. Companies like Marico, GCPL, and Dabur foresee strong top-line expansion, with rural markets outperforming urban areas. While easing input costs are a positive, businesses are closely monitoring El Nino's potential impact on monsoons and agricultural output.
Colgate-Palmolive India bets on rural expansion, science-led innovation to drive growth towards 2030
Colgate-Palmolive India is prioritizing rural market expansion, innovation, and digital transformation to boost growth. The company aims to reach more rural households and introduce science-backed products in urban areas. With a focus on data analytics and AI, Colgate-Palmolive is enhancing its value chain and strengthening its presence across all retail channels. Despite facing challenges, the company anticipates continued momentum driven by an improving demand environment and strong execution.
Mumbai-Ahmedabad Bullet Train project 80% complete, first section to open in 2027: Ashwini Vaishnaw
The Surat to Bilimora section of India's first bullet train is projected to debut in 2027, representing a substantial milestone in the nearly finished Mumbai-Ahmedabad corridor. Union Minister Ashwini Vaishnaw also launched the third semiconductor factory in the nation today, alongside five crucial infrastructure developments designed to boost Ahmedabad’s urban transport and rail networks.
As food inflation bites, Nestle turns to smaller cities to drive growth
Nestle India is strategically focusing on tier-2 and tier-3 markets for growth, anticipating rising consumption in these areas. Despite facing uneven demand and rising commodity costs in FY26, the company is investing in rural and semi-urban markets to drive future consumption. Nestle India reported a nearly 15% domestic sales increase, driven by volume growth and market share gains, as it navigates a dynamic economic landscape.