Mall developer Phoenix Mills Ltd. reported better-than-expected earnings performance on key parameters of revenue and Ebitda (earnings before interest, tax, depreciation and amortization) in the June quarter, which was aided by improving consumption at its malls.Total consumption in Q1FY23 at Rs21.90 crore was 123% of pre-covid quarter of Q1FY20. Consequently, incremental revenue share contributed...

Rakesh Jhunjhunwala, 1960 – 2022He has been dubbed ‘India’s Warren Buffett’. But it was hard to pin down Rakesh Jhunjhunwala’s investment style. From buy-and-hold positions in companies such as Titan and Crisil to short-term trades, his holding periods varied widely. He took directional calls, was a contrarian at times and at times sided with consensus.“One quality that stood out w...

Pharmaceuticals company Divis Laboratories on Friday reported a 26% rise in its consolidated net profit at rs702 crore as compared to Rs557 crore in the same quarter last year. Meanwhile, its revenue from operations rose about 15% to rs2,254 crore from Rs1,960.6 crore year-on-year (YoY).“DIVI delivered an in-line earnings in 1QFY23. While traction in Custom Synthesis (CS) has toned down in 1QFY2...

for all its gains — well-preserved integrity, largely uninterrupted freedom for the people, financial stability, a booming services sector, a rising middle class — India’s post-Independence economic history is one of moderate success relative to potential. It is also marked by many missed opportunities.After the initial, predominantly state-supported efforts at nation building, the country c...

India is celebrating its 75th Independence Day on August 13. To commemorate the occasion, the country has been holding various events such as the Tiranga rally. The ‘Har Ghar Tiranga’ campaign started on August 13. Monuments and iconic buildings are being lit up. On this occasion, the Indian Space Research Organization shared a video message sent by NASA to celebrate India’s 75th Independenc...