Business

Kolkata: Used car sales are expected to grow 8 to 10 percent in FY2025-26, according to a report by Crisil Ratings. The report said that due to increasing digital usage and better financial access, sales are likely to reach around 60 lakh units this fiscal. The ratio of used to new cars in sales has increased from less than one to 1.4 in the last five years, the report said. The market value of used cars is estimated to be around Rs 4 lakh crore. The report said that organised players in the sector are incurring high operating costs on refurbishment, logistics and financing as the sector is in a state of expansion, resulting in cash losses. However, according to the report, strong revenue growth is expected to balance the operating profit levels in this fiscal and the next ...

New Delhi, Life Insurance Corporation (LIC) has recorded a 14.60 percent year-on-year growth in individual premium in June 2025, much higher than the 12.12 percent growth in premium income of private life insurers, data from the Life Insurance Council showed on Thursday. In June 2025, LIC collected Rs 5,313 crore from individual premium, while the total contribution of 25 private sector companies stood at Rs 8,408 crore. During June 2025, the total policies issued by LIC rose to 12.49 lakh from 14.65 lakh in the same period last year. In the individual policies category, LIC issued 12.48 lakh policies for June 2025, while the number was 14.62 lakh in 2024. The number of group policies stood at 1,290 last month, while the number was 2,827 in June 2024. In group premium income, LIC...

Bengaluru: Realty firm Prestige Estates Projects Ltd on Wednesday reported a four-fold jump in its sales bookings to ₹12,126.4 crore in the first quarter of this fiscal, driven by strong demand for its residential project in Ghaziabad. The company's sales bookings or pre-sales stood at ₹3,029.5 crore in the same period a year ago. In a regulatory filing, the company said it has "started FY26 with its strongest quarterly performance ever, recording an all-time high of ₹12,126.4 crore in sales for the quarter ended June 30, 2025 (Q1 FY26), registering a growth of 300 per cent over the same period last year". The company sold 4,718 units, taking its sales to 9.55 million sq ft, a growth of 234 per cent year-on-year. The average price realisation for apartments stood at Rs 13,339 per...

New Delhi, Gold prices fell by Rs 130 to Rs 97,140 per 10 gram in futures trade on Tuesday amid weak spot demand. Gold contracts for August delivery on the Multi Commodity Exchange fell by Rs 130, or 0.13 percent, to Rs 97,140 per 10 gram in a business turnover of 12,587 lots. Analysts attributed the fall in gold prices to weak global cues. In international markets, gold futures in New York fell 0.09 percent to $3,333.35 per ounce.

New Delhi, Kalyan Jewellers on Monday reported a 31 per cent year-on-year growth in consolidated revenue for the first quarter of FY2025-26 despite several disruptions in demand, mainly due to volatility in gold prices and geopolitical tensions. The company had reported consolidated net revenue of Rs 5,557.63 crore in the first quarter (April-June) of FY2024-25. India operations witnessed a 31 per cent revenue growth during the first quarter of FY2025-26 as compared to the first quarter of the previous year, the company said in a regulatory filing. Revenue from global operations grew 31 per cent and contributed 15 per cent to consolidated revenue in Q1. Revenue from Middle East operations grew 26 per cent YoY, driven primarily by same-store-sales growth, while digital platform...

New Delhi, Aluminium prices fell by 45 paise to Rs 248.70 per kg in futures trading on Friday as participants cut their positions due to weak trend in the spot market. Aluminium contracts for July delivery on the Multi Commodity Exchange fell by 45 paise or 0.18 percent to Rs 248.70 per kg in a business of 4,122 lots. Analysts said aluminium prices fell mainly due to participants cutting positions due to lack of demand from consumer industries.