Benne scoops up more funding as Mumbai-based Dosa chain turns into a ₹350 crore business recipe
Benne, a Mumbai dosa chain, raised ₹35 crore in pre-Series A funding led by Ranjan Pai’s Claypond Capital.
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US markets close higher; S&P 500 has best week since April
US job market slowdown boosted stocks, S&P 500 hit all-time high. Fed rate hike speculation eased. Oil prices softened. Currencies strengthened.
Lemon Tree Hotels Q1 profit rises 20%; expands hotel network
Lemon Tree Hotels reported a 20% rise in June-quarter profit as revenue grew and management fees increased. The company also signed 13 new managed and franchised hotels during the quarter, expanding its pipeline.
Godawari Power and Ispat Q1 net profit rises 3% to ₹222 crore as revenue jumps 32%
Shares of Godawari Power and Ispat Ltd ended at ₹241.50, down by ₹2.20, or 0.90%, on the BSE.
This airport dining stock surged 10% as big money pours into transit hospitality
Travel Food Services shares surged 10% on renewed interest in Indian air travel. The sharp price movement was backed by a significant surge in trading activity, with daily volumes expanding to more than 20 times the average.
SBI analyst concall: PSB targets $10 billion in FCNR deposits by Sept., says deposit drive won’t dent margins
SBI has already raised about $6 billion through FCNR(B) deposits and expects to reach $10 billion by September-end. The bank said the inflows will not materially impact its profitability or funding costs.
Hindalco to pay up to ₹225 crore a year for Aditya Birla brand under new governance framework
Hindalco Industries will begin paying a brand royalty to Birla Group Holdings Pvt. Ltd., marking a transition from family-led stewardship to a structured governance framework, Managing Director Satish Pai said during the company’s post-earnings conference call.
Shriram Asset Management Company Q1 loss widens despite 12% rise in income
Shares of Shriram Asset Management Co Ltd ended at ₹290.00, down by ₹4.95, or 1.68%, on the BSE.
PPFAS’ Rajeev Thakkar defends fund strategy, says equity volatility is the price for higher long-term returns
PPFAS CIO Rajeev Thakkar said recent underperformance of the Parag Parikh Flexi Cap Fund is not unusual, defending the fund’s cash holdings, HDFC Bank investment and long-term value investing approach.
Dr Reddy’s ends distribution deal with Novartis India after ownership change
Dr Reddy’s Laboratories has terminated its distribution and promotion agreement with Novartis India following a change in the company’s controlling shareholding. The drugmaker will continue commercialising the covered brands until September 30, 2026.