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BUSINESS

Specialised investment funds cross Rs 23,000 crore AUM mark in July
BUSINESS

Specialised investment funds cross Rs 23,000 crore AUM mark in July

New Delhi, Aug 13 — Specialised Investment Fund assets under management rose 30 per cent month‑on‑month to Rs 23,177 crore in July 2026, with 94,447 folios taking the investor base close to the 1 lakh mark, a report said on Thursday.The report from ValueMetrics said hybrid investment strategies…

Chennai corporation clarifies property tax revision amid complaints
BUSINESS

Chennai corporation clarifies property tax revision amid complaints

Chennai, Aug 13 — The Greater Chennai Corporation has clarified that the revised property tax notices issued to several residents and businesses do not amount to a general tax increase, amid growing complaints over steep assessments. Corporation Commissioner G.S. Sameeran said the revision applied…

IRCTC Q1 net profit flat at Rs 330 crore, revenue grow 18 pc
BUSINESS

IRCTC Q1 net profit flat at Rs 330 crore, revenue grow 18 pc

New Delhi, Aug 12 — Indian Railway Catering and Tourism Corporation (IRCTC) on Wednesday reported a marginal decline in net profit for the first quarter of fiscal 2027 even as revenue recorded strong double-digit growth during the quarter.The state-owned company’s consolidated net profit stood at…

Senco Gold shares tumble 10 pc after Q1 profit falls
BUSINESS

Senco Gold shares tumble 10 pc after Q1 profit falls

Mumbai, Aug 12 — Shares of Senco Gold tumbled as much as 10 per cent on Wednesday after the jewellery retailer reported its June quarter results, with investors focusing on pressure on profitability despite a sharp rise in revenue.The company’s consolidated net profit declined marginally to Rs 101…