Kalpataru Ltd’s revenue drops nearly 47 pc in FY24; net loss stood at Rs 113.8 crore

IANS | June 24, 2025 3:58 PM

Mumbai, June 24 (IANS) Real estate developer Kalpataru Limited, which saw its initial public offering (IPO) open for bidding on Tuesday, reported its revenue from operations decline sharply by approximately 46.89 per cent year-on-year (YoY) -- falling from Rs 3,633.1 crore in the financial year ended March 31, 2023, to Rs 1,929.9 crore in FY24, as per its Draft Red Herring Prospectus (DRHP) filing.

The silent revolution: How AI is finally freeing financial minds from grind of SEC reporting

By Gananath Misra | June 24, 2025 3:47 PM

Picture this. It's 2 a.m., the coffee is cold, and a team of seasoned financial professionals is poring over hundreds of pages of SEC filings. Eyes glaze over, searching for that one crucial disclosure, that subtle regulatory change, or that peer comparison that could make or break investor confidence. This isn't a scene from a forgotten era. It's a common reality -- a daily grind of risk, repetition, and relentless pressure. The stakes are immense, and human capacity, however brilliant, has its limits.

India an important part of Walmart’s story: CEO Doug McMillon

IANS | June 24, 2025 3:33 PM

New Delhi, June 24 (IANS) India is an important part of Walmart’s story and over the past two decades, we’ve strengthened and expanded our partnerships in the country to empower people and help local businesses grow, said Doug McMillon, president and CEO of Walmart Inc, on Tuesday.

Our most transformative project is unfolding in Dharavi, says Gautam Adani

IANS | June 24, 2025 11:51 AM

Ahmedabad, June 24 (IANS) As the Adani Group attempts to build on the existing characteristics of Dharavi, create a world-class district for Dharavikars and reimagine a new heart for Mumbai, Group Chairman Gautam Adani said on Tuesday that their most transformative project is unfolding in Dharavi.