Thursday, July 23

Business & Economy

DDA Flats Sell Out in a Day: Affordable Housing Scheme Creates Frenzy in Delhi
Business & Economy

DDA Flats Sell Out in a Day: Affordable Housing Scheme Creates Frenzy in Delhi

The Delhi Development Authority’s (DDA) Jan Sadharan Awas Yojana 2025 has emerged as a massive hit, with all 679 affordable flats booked on the very first day of the third phase of the scheme. Details of the SchemeThe bookings for the third phase began on 15 January, covering flats in multiple locations: Narela A-1 to A-4 blocks – 496 flats Narela G-7/S – 130 flats Rohini – 50 flats Nasirpur – 3 flats The flats were priced at ₹9.18 lakh with a 15% introductory discount, making them highly attractive for homebuyers. According to DDA officials, the scheme is expected to generate approximately ₹86.81 crore in revenue. The overwhelming response reflects strong public confidence in the DDA’s affordable housing initiatives. Narela, in particular, has now emerged as a key r...
From IIM to CEO’s Office to ₹1 Crore Turnover: How Keerthi Priya Built Koh Foods
Business & Economy

From IIM to CEO’s Office to ₹1 Crore Turnover: How Keerthi Priya Built Koh Foods

Keerthi Priya, an IIM graduate, gave up a promising corporate career to start a business that today boasts a turnover of ₹1 crore. Her company, Koh Foods, sells healthy vegetable powders and mixes, and was founded in 2022 in Telangana with a vision to provide 100% natural nutrition to busy urban households. Addressing Modern Health ChallengesIn today’s fast-paced urban lifestyle, poor dietary habits have contributed to rising health issues like diabetes and hypertension. Observing that people often skip nutritious meals in favor of fast food, Keerthi Priya decided to offer a simple solution. Using homemade dehydrated vegetable powders sent by her mother, she created a commercially viable product line that combines convenience with nutrition. Humble BeginningsKeerthi hails from a smal...
Stocks to Buy: IFCI, Oracle, and Others Show Bullish Signals
Business & Economy

Stocks to Buy: IFCI, Oracle, and Others Show Bullish Signals

Market OverviewAfter two sessions of decline, the domestic stock markets witnessed a rebound last Friday. Both benchmark indices closed in the green, driven by selective buying in major companies amid global uncertainties. The BSE Sensex rose 187.64 points (0.23%) to close at 83,570.35, while the NSE Nifty 50 gained 28.75 points (0.11%) to finish at 25,694.35. During intraday trading, Sensex surged as much as 752.26 points to touch 84,134.97. Top Gainers and MoversAmong Sensex constituents, Infosys led the rally with a 5.67% jump, providing support to the broader market. Other major gainers included Tech Mahindra, HCL Tech, State Bank of India, UltraTech Cement, and HDFC Bank. On the flip side, shares of Eternal, Asian Paints, Bharat Electronics, Sun Pharma, and Maruti Suzuki recorded l...
Chinese Factory Exploitation: Pop Mart Under Fire for Child Labor and Harsh Conditions
Business & Economy

Chinese Factory Exploitation: Pop Mart Under Fire for Child Labor and Harsh Conditions

Popular “Labubus” dolls, which took the internet by storm in 2025, are now making headlines for the wrong reasons. A New York-based NGO, China Labor Watch (CLW), has revealed that Pop Mart, the Chinese company behind these dolls, has been employing children and subjecting workers to exploitative conditions in its factories. Allegations of Child Labor and Excessive OvertimeThe investigation focused on the Shunjia Toys factory in Jiangxi province, where 16- and 17-year-old teenagers were reportedly made to work without legal protections. Workers were forced to meet unrealistic production targets through excessive overtime, in clear violation of Chinese labor laws. Pop Mart has pledged to investigate the allegations and promised strict action if the claims are verified. The dolls, known...
Gold & Silver Outlook: After Silver Jumps ₹49,100 in 6 Days, What’s Next? Experts Weigh In
Business & Economy

Gold & Silver Outlook: After Silver Jumps ₹49,100 in 6 Days, What’s Next? Experts Weigh In

Gold prices are expected to maintain their upward momentum in the coming week, driven primarily by safe-haven demand and expectations of interest rate cuts by the U.S. Federal Reserve. Meanwhile, silver may see some stabilization or range-bound trading following last week’s sharp surge. Gold Continues Its RiseIn the domestic market, gold futures on the Multi Commodity Exchange (MCX) rose ₹3,698, or 2.7%, last week, reaching a record ₹1,43,590 per 10 grams on Wednesday. According to Pranav Meer, Vice President of Commodity and Currency Research at JM Financial Services, “A weak rupee and strong safe-haven demand have supported gold prices in the domestic market. However, profit-booking on Friday caused slight softness.” Internationally, COMEX gold futures climbed $94.5, or 2.09%, to c...
Oil Prices Ease: Neither Russia-Ukraine War Nor Iran Crisis Can Stop the Fall—Why India Stands to Gain
Business & Economy

Oil Prices Ease: Neither Russia-Ukraine War Nor Iran Crisis Can Stop the Fall—Why India Stands to Gain

Crude oil prices have eased once again, as fears of a potential U.S. strike on Iran have subsided. Analysts say that global supply currently exceeds demand, providing a major advantage to oil-importing countries like India. Lower petrol and diesel prices will help curb inflation and free up government funds for developmental spending. Decline in Crude PricesThe drop in oil prices follows a reduction in concerns over a U.S. military strike on Iran. Previously, Brent Crude and WTI (West Texas Intermediate) had reached their highest levels in months, challenging earlier predictions of a sluggish year. While traders were caught between geopolitical fears and fundamental market factors, most analysts now agree that crude oil supply significantly exceeds global demand. Goldman Sachs recently ...
5 “Money-Minting” Stocks That Gave Over 100% Returns in One Year
Business & Economy

5 “Money-Minting” Stocks That Gave Over 100% Returns in One Year

Double-Return StocksThe stock market has witnessed significant ups and downs over the past year. While the Sensex has shown only modest gains of around 9% over the last 12 months, certain stocks have delivered exceptional returns, doubling or even multiplying investors’ money. Here’s a look at five such multi-bagger stocks: 1. L&T FinanceOne of India’s leading non-banking financial companies (NBFCs) and part of the renowned L&T Group, L&T Finance shares have returned over 107% in one year. The stock closed at ₹296.25 on Friday, up from around ₹144 a year ago. 2. Silver Touch Technologies LtdThis IT solutions and digital transformation company has seen its stock surge by 144% in one year. From ₹655 a year ago, it closed at ₹1,598.45, hitting a 5% upper circuit during the w...
Over 50% of Vehicles in India Run Without Insurance: What You Need to Know
Business & Economy

Over 50% of Vehicles in India Run Without Insurance: What You Need to Know

Motor Insurance: A Critical Financial ShieldMillions of vehicles on Indian roads operate without third-party insurance. In the event of an accident, the owner of an uninsured vehicle is personally liable for damages to other people, vehicles, or property. Such costs can run into lakhs or even crores of rupees, making motor insurance a vital financial safeguard. According to Niharika Singh, ED of IFCO Tokio General Insurance Company Limited, despite the legal requirement, more than 50% of vehicles in India still run without insurance. Third-party motor insurance provides essential protection against unexpected expenses such as vehicle repair, medical costs, and legal liabilities. Types of Motor InsuranceMotor insurance is of two main types: Comprehensive Insurance – Covers both da...
EPF Withdrawals Soon Possible via UPI: Money to Transfer Directly to Bank Accounts
Business & Economy

EPF Withdrawals Soon Possible via UPI: Money to Transfer Directly to Bank Accounts

Good News for EPFO MembersEmployees’ Provident Fund Organisation (EPFO) members will soon be able to transfer their Provident Fund (PF) money directly to their bank accounts through UPI (Unified Payments Interface). This facility is expected to roll out from April 2026 as part of a major initiative by the Ministry of Labour. Under this plan, a portion of your EPF account will remain frozen, but the majority of the funds can be withdrawn using the UPI payment gateway. Once transferred, the money can be used freely for any purpose. EPFO is currently working on addressing software and system issues to ensure smooth implementation. The new system will benefit around 8 crore EPFO members across India. How the Transfer Will WorkMembers eligible for this facility will be able to see the wit...
Electric Scooters Now as Affordable as Petrol Scooters: How Prices Are Changing the Trend
Business & Economy

Electric Scooters Now as Affordable as Petrol Scooters: How Prices Are Changing the Trend

Electric Scooter Prices FallElectric scooters have become significantly more affordable, now reaching price levels comparable to petrol scooters. Several models are available for under ₹1 lakh, signaling a shift in the market. Industry experts note a clear trend: electric scooters, once considered expensive and niche, are now competing directly with petrol scooters in the mainstream segment. Leading manufacturers like Bajaj, TVS, and Hero MotoCorp have launched cost-effective electric models in the ₹85,000–₹95,000 range. This price parity could accelerate the adoption of electric vehicles (EVs) across India. Affordable Models Leading the ChangeBajaj Auto recently launched the Chetak C25 01, priced at around ₹91,000, its most affordable model in the Chetak series. TVS and Hero MotoCor...