Author: GP Editor
Margadarsi Chit Fund Private Limited has opened its 123rd branch in Nirmal town of Telangana.This new addition underscores the organisation’s commitment to empowering the financial aspirations of individuals, families and entrepreneurs in Nirmal, an area known for its rich culture, arts and crafts, a press release said.As a pioneer in the chit fund industry since 1962, Margadarsi has always focused on providing secure, transparent and disciplined financial solutions tailored to the unique needs of its subscribers.Sailaja Kiron, Managing Director, Margadarsi Chit Fund, said, “This growing market allows us to connect with the community on a deeper level. At Margadarsi, we are…
The rupee on Friday climbed to a 10-week high of ₹86 against the U.S. dollar due to a surge in foreign inflows into domestic equities and debt markets, analysts said. The domestic currency was trading at ₹85.89 a dollar on January 9, 2025.The rupee surged nearly 0.1% on Friday, making it the eighth consecutive day of appreciation against the dollar. It closed at ₹85.98 against the U.S. dollar.On a weekly basis, the rupee surged 1.1% with the appreciation on Friday.“The rupee’s gain was supported by stronger-than-expected trade data and a rise in foreign exchange reserves following the Reserve Bank of…
A file photograph of National Mineral Development Corporation. | Photo Credit: The Hindu State-run iron ore miner NMDC on Friday (March 21, 2025) said that normal operations have resumed at its all projects after protesting workers returned to work after an over two-week stir.“The employees have resumed duties and normal operations have resumed at all the projects,” NMDC said in a statement, adding, “Resumption of operations at this crucial junction will certainly help to accelerate production.”The miner said it is hopeful of achieving 45 million tonnes of production in FY25 as workers have returned to work ending their two-week protest.NMDC…
The Nomination and Remuneration Committee or its equivalent in an AMC will have to conduct a preliminary examination and submit recommendations to SEBI in case of violations, according to the circular. File | Photo Credit: Reuters The Securities and Exchange Board of India (SEBI) has eased norms pertaining to the share of compensation that fund managers and chief investment officers (CIOs) of asset management companies (AMCs) are mandated to invest in the units they manage. The regulator has devised two methods to determine the minimum share of salaries to be invested in the schemes under their supervision by the manager of…
The Securities and Exchange Board of India (SEBI) has eased norms pertaining to the share of compensation that fund managers and chief investment officers (CIOs) of asset management companies (AMCs) are mandated to invest in the units they manage.The regulator has devised two methods to determine the minimum share of salaries to be invested in the schemes under their supervision by the manager of schemes (designated employees). The first one will be based on the annual compensation determined by the cost to company (CTC) and the second by their designation. Earlier in the June 2024 master circular on Mutual Fund…
Larsen & Toubro Ltd. has elevated Subramanian Sarma from the position of wholetime director and president, Energy, to deputy managing director and president of the company, effective April 2, 2025. The board has also decided to extend his term to February 3, 2028 subject to shareholders’ approval in the upcoming AGM “Mr. Sarma has been instrumental in transforming our Hydrocarbon and Energy businesses, driving innovation, operational excellence, and global competitiveness. His elevation is well deserved, and I am confident that his leadership will further strengthen L&T’s growth trajectory,” said chairman and managing director S.N. Subrahmanyan.A graduate in chemical engineering and…
| Photo Credit: SPECIAL ARRAGEMENT Bull Machines, which unveiled its BS5-CEV Stage V environmental regulations compliant backhoe loader on Friday, is looking at increasing its annual production capacity and almost doubling its turnover in the next 12 months.V. Parthiban, Managing Director of Bull Machines, told the media in Coimbatore that the company hopes to end FY25 with approximately ₹1,200 crore revenue and double it in FY26. At present, the firm is selling almost 2,200 vehicles in the domestic market annually and exporting close to 3,000 vehicles. In 2025-2026, its production capacity will increase to 9,000. The company is investing…
: The Micro, Small and Medium-scale Enterprises (MSMEs) in Coimbatore have demanded withdrawal of 12% safeguard duty on steel imports fearing increase in raw material prices in the domestic market.The Central government recently announced 12% safeguard duty on all steel imports, including shipments from China and Vietnam.“The MSMEs are hit by geo political developments and if the raw material prices go up, these units will lose orders. The domestic steel manufacturers should not increase the prices,” said M. Karthikeyan, president of the Coimbatore District Small Industries Association.Steel prices reduced by ₹1 a kg in Coimbatore on Thursday. The prices declined…
There’s something beautifully ironic about Orb: On the Movements of the Earth quietly orbiting the periphery of mainstream anime discourse. A historical drama set in 15th-century Europe, a time questioning the natural order was to risk the pyre, this almost harbingered revelation has arrived in an era where the echoes of that same suppression persist still. Yet, rather than fading into obscurity after its relatively muted one-season run, this adaptation of Uoto’s award-winning seinen manga has found its own constellation of devotees, offering exceptional meditations on the inevitability of human curiosity and the cost of intellectual defiance.For the unacquainted, Orb…
Rege-Jean Page | Photo Credit: Millie Turner Bridgerton fame star Rege-Jean Page is set to act and produce the new The Count of Monte Cristo film, which is based on the classic novel of the same name written by Alexandre Dumas, reported Deadline. The movie will go into production under Department M, the independent production studio founded by industry-leading producers Mike Larocca and Michael Schaefer. The original classic novel was penned by Alexandre Dumas and follows a young sailor falsely accused of treason, who, after years of imprisonment, escapes and seeks revenge against those who wronged him, ultimately becoming the…