Fri, Nov 15, 2024 10:01 AM
Active equity mutual funds' cash holdings top May 2023 highs
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The Indian Passenger Vehicle (PV) industry experienced a subdued September quarter, with Original Equipment Manufacturers (OEMs) reporting varied performance in terms of volume growth and margin trajectories. Mahindra & Mahindra outperformed its peers in the Indian passenger vehicle market, with an 18% year-on-year growth in volumes during the second quarter of FY25, amidst a subdued performace.
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The National Financial Reporting Authority (NFRA) is set to consider applying company audit standards to limited liability partnerships (LLPs) at its November 25 board meeting, which may lead to revised standards for LLPs, including specific benchmarks for turnover or capital contribution, to improve transparency and accountability.
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Swiggy Instamart customers have gone from searching for batteries in the initial days of quick commerce to now searching for bedsheets, CEO Sriharsha Majety has said, highlighting how quick deliveries have evolved in short span of time, giving stiff competition to e-commerce giants,. He said, "There aren’t that many boundaries between e-commerce and quick commerce."
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