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Hyderabad-based Marri Retail Limited files DRHP for IPO

Hyderabad-based Marri Retail Limited has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The IPO, with a face value of ₹2, is a mix of fresh issue of shares aggregating  up to Rs 522 crore and offer-for-sale of 27,000,000 equity shares by promoter - Marri Venkat Reddy. The proceeds from its fresh issuance worth Rs 115.6 crore will be utilised for repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the company, Rs 250.5 crore for capital expenditure to be incurred towards opening of 10 new apparel stores, one new apparel store with jewellery SIS (Integrated Retail Store) and two new standalone jewellery stores (the Jewellery Stores), Rs 35.8 crore expenditure for lease/sub lease rent payments for certain of the company's existing stores and warehouse, and general corporate purposes. The company, in consultation with the book-runni...

The Shatabdi Summit: CTC Brings India’s Leading Finance and legal Professionals Together at a Milestone Event.

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The Chamber of Tax Consultants Celebrates 100 Years with Landmark Summit Mumbai : The Chamber of Tax Consultants (CTC), a not-for-profit professional association committed to advancing the tax, accounting, legal and allied professions, successfully commemorated its centenary with The Shatabdi Summit: Centenary Conference. The landmark event that brought together the who’s who of industry and profession was a resounding testament to hundred years of service, scholarship, and leadership by the CTC. Industry leaders shared their insights on the rapidly transforming economic and regulatory landscape in the country. The conference was graced by Mr. Arijit Basu, Chairman Designate (Non-Executive) of IndusInd Bank, as the Chief Guest and Keynote Speaker. In his keynote address on “Resilient Finance and Responsible Growth in India’s Economic Journey: the Key Role of Professionals,” Mr. Basu spoke about the importance of ethical stewardship, institutional resilience, and long-term thinking in I...

Post-Union Budget 2026-27 | Steel Industry Commentary by Mr. Ravikant Uppal, CMD – SISCOL

  Mr. Ravikant Uppal, Chairman & Managing Director, SISCOL “Budget 2026 sends a clear signal of policy continuity and scale in India’s infrastructure revolution. The Union Budget has taken several measures to expand the infrastructure network and development across the country. The Finance Minister has proposed to raise the capital expenditure target to Rs 12.2 lakh crore for FY27 from Rs 11.2 lakh crore earmarked for the current fiscal. Investments in freight corridors, container manufacturing, urban transport and the announcements related to plans to develop seven high-speed rail corridors connecting key cities in the country will translate into sustained demand for high-quality structural steel. These will give a strong boost to promoting infrastructure development across the country. Also, the announcement related to an allocation of Rs 5,000 crore per City Economic Region (CER) over five years will provide momentum to expand / build new offices, warehouses and indu...

Union Budget 2026 QUOTE:: Shriram General Insurance & Navi AMC

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QUOTE 1: By Mr. Ashwani Dhanawat, Executive Director and Chief Investment Officer, Shriram General Insurance. “A growth-focused, simplification-heavy budget with strong welfare and infra underpinnings The 2026-27 Union Budget, delivered from Kartavya Bhavan under the guiding principles of the three Kartavyas, delivers a robust, reform-oriented roadmap for Viksit Bharat. It sustains high capex momentum (up to ₹12.2 lakh crore), accelerates manufacturing in frontier sectors (e.g., ISM 2.0 with ₹40,000 crore, BioPharma Shakti at ₹10,000 crore), rejuvenates legacy clusters, champions MSMEs through equity funds and liquidity tweaks, and pushes infrastructure with high-speed rail corridors, waterways, and city economic regions. Specifically for general insurance industry, the compassionate exemption of TDS (and full tax) on Motor Accident Claims Tribunal interest awards stands out as a victim-friendly relief, ensuring faster, untaxed access to compensation for those in distress— a tho...

By Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance

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“The Budget clearly signals continuity of intent on infrastructure and logistics, even if headline capex has not increased sharply. By reiterating the importance of infrastructure, logistics and river-linked transport, it strengthens India’s ability to move goods efficiently and connect manufacturers to coastal and international markets. Over time, this should help ease bottlenecks, lower logistics costs and expand market access for Indian industry. I am also encouraged by the emphasis on MSMEs and emerging indigenous sectors such as biopharma and food processing. India is a large food producer with the capacity to meet domestic demand while also serving global markets. With the right policy support, this focus can translate into stronger rural incomes and more resilient MSMEs. On the funding side, while NBFCs already access international markets through bonds and syndicated loans, monetary transmission in India has traditionally been gradual. Rate cuts may not translate imme...

गणतंत्र दिवस एवं भव्य रक्तदान शिविर कार्यक्रम संपन्न

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मानव उत्थान सेवा समिति के संस्थापक सदगुरुदेव श्री सतपाल जी महाराज जी की प्रेरणा से श्री हंस विजयनगर आश्रम वसई पूर्व में सोमवार 26 जनवरी को गणतंत्र दिवस के अवसर पर परमपूज्य श्री विभुजी महाराज जी का पावन जन्मोत्सव एवं भव्य रक्तदान शिविर का आयोजन किया गया। इस कार्यक्रम में मुंबई एवं आसपास के पूज्य संत महात्माओं ने कार्यक्रम को बड़े ही धूमधाम से मनाया। मुंबई आश्रम प्रभारी पूज्य कल्पना बाई जी एवं पूज्य अंबालिका बाई जी द्वारा भक्त समाज को आत्मज्ञान के बारे में बताया, कैसे एक सच्चा भक्त संतों से श्रद्धा द्वारा आत्मज्ञान प्राप्त किया जा सकता है। वसई आश्रम प्रभारी महात्मा आचार्यानंद जी द्वारा भक्तों समाज को प्रेरित करते हुए कहा कि सच्चे गुरु की पहचान कर आत्म ज्ञान की प्राप्ति करें। हिंदू हृदय सम्राट बालासाहेब ठाकरे रक्तदान सेंटर के सहयोग से रक्त दान शिविर का भव्य आयोजन किया पूज्य अंबालिका बाई जी एवं इसरिता बाई जी द्वारा एवं अन्य 50 भक्तों द्वारा रक्त दान किया गया एवं अंबालिका बाई जी ने सभी से अनुरोध कि हम सब मनुष्यों को समाज कल्याण के लिए हर 6 महीनो पर समय समय पर रक्तदान करते रहना चाहिए। इस कार...

Starbucks expands beverage customisation in India with zero-sugar flavours

~ Experience greater personalisation through flexible sweetness options across all espresso beverages ~ The customisation is now available across all Starbucks stores Mumbai, 28 January 2026: TATA Starbucks today announced an enhancement to beverage customisation across its stores in India, empowering customers to enjoy their favourite flavoured hot or iced beverages with greater personalisation to choose their preferred level of sweetness with zero-sugar flavours such as Vanilla, Hazelnut and Caramel now also available with zero added sugar, customers can select from options including No Sugar, Less Sweet or Regular, rendering lesser calories beverages, across all Starbucks stores, mobile ordering and delivery platforms. “India’s coffee culture has evolved significantly over the years, with consumers increasingly seeking more control over how their beverages are crafted,” said Sushant Dash, ceo, Tata Starbucks . “Sweetness is a key part of that choice, and this enhancement a...