Do you know which is India's richest district? People here live a luxurious life because..., not Mumbai, Delhi, Bengaluru
India's Richest District: It is said that after every 50 to 100 km, language and culture change in India. The country is known for its diverse culture and rich traditions. Every city and district here has a unique thing about it which can be related to something hundreds or thousands of years old. Talking about Indian cities and districts, we can guess the richest city or the top five richest cities in the country, but if we dig deeper, do we know the richest district in India? Where is it located, or in which state does it fall? Let's know the answers to these questions. Which Is India's Richest District?
There are over 770 districts in India. Every district is unique and has its own rich culture and tradition. When we talk about the richest district in the country, the first name that comes to mind is India's commercial capital Mumbai, or the capital, Delhi or the silicon city – Bengaluru. Well the answer is different from your guess. Usually, such questions are asked in competitive examinations, so it is important to know its answer. India's Richest District Is …
The richest district in India is the Pink City – Jaipur. It is the capital of Rajasthan and known for its royal forts, palaces and bustling bazars. It is also one of the top tourist destinations of India. As per a report by Niti Aayog, Jaipur has the lowest poverty rate not only in Rajasthan but in entire India.
Economically prosperous, this city promotes its rich culture and tourism. Apart from Hawa Mahal and Jal Mahal, there are many prominent forts here. Which Is The Only Building In The World Without Any Foundation?
Jaipur, renowned for its vibrant culture and historical architecture, is home to the unique Hawa Mahal. This palace, unlike any other in the world, is distinguished by its foundationless construction. Its pink sandstone construction contributes to Jaipur's nickname, the Pink City, and its beauty, along with that of other palaces in the region, draws numerous visitors. Is Jaipur Culturally Rich?
Also known as the largest state of India, Jaipur is also full of history. Many kings have ruled here for centuries. Its history is mentioned in several books. The lifestyle, food, clothing, and everything about Jaipur make it quite different from other states.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
28 minutes ago
- Business Standard
Equity funds grab 55% of India's MF assets, Nagaland tops monthly growth
The Indian mutual fund industry continues its expansion, with Average Assets Under Management (AAUM) rising 21.94% year-on-year and 3.61% month-on-month as of June 2025, according to the latest industry data analysed by Icra Analytics. Where the Growth Is: Equity Takes the Crown Growth-oriented equity schemes remain the backbone of mutual fund assets, contributing a whopping 54.76% of the total AAUM. This category continues to attract investors looking for long-term wealth creation despite ongoing market volatility. Debt-oriented schemes contributed 14.88% Liquid schemes accounted for 12.50% Geography of Money: Maharashtra Leads, Small States Outpace Contribution of growth oriented equity-oriented schemes remained the maximum at 54.76% followed by debt-oriented schemes and liquid schemes which contributed 14.88% and 12.50% respectively While Maharashtra contributed the lion's share (40.61%) of mutual fund assets—thanks to its deep-rooted financial ecosystem—the real headline-grabbers were India's smaller and emerging regions, where AAUM growth rates far outpaced national averages. Top Annual Gainers in AAUM: Nagaland: 100.57% YoY growth Dadra & Nagar Haveli: 56.52% YoY growth Ladakh: 18.17% MoM, strong YoY traction Lakshadweep: 19.18% MoM growth (but -26.98% YoY) Despite their relatively small base, these regions reflect a wave of new investor participation, particularly in equity-oriented schemes, which made up: 90.85% of assets in Ladakh 84.07% in Lakshadweep Amongst the states, Maharashtra lead with a maximum contribution of 40.61% followed by New Delhi, Gujarat, Karnataka and West Bengal whose respective contributions remained below 10% This shows that retail investors in remote areas are embracing market-linked investing over traditional savings like FDs or real estate—likely influenced by smartphone penetration, social media awareness, and simplified onboarding processes through fintechs. On a yearly basis, Nagaland witnessed the maximum growth in AAUM which stood at 100.57% followed by Dadra and Nagar Haveli which grew 56.52%. Barring Lakshwadeep, all states witnessed growth in AAUM on a yearly basis in June 2025, the minimum being that of Daman and Diu whose AAUM grew 13.50% YoY in June 2025. The AAUM contribution from Lakshwadeep fell 26.98% on YoY basis in June 2025. With more than 65% of total AAUM coming from just five states (Maharashtra, Delhi, Gujarat, Karnataka, and West Bengal), the mutual fund industry still has vast headroom for growth across India's Tier-2, Tier-3, and rural regions.
&w=3840&q=100)
Business Standard
28 minutes ago
- Business Standard
Q1 results today: Cipla, SAIL, Bank of Baroda among 85 firms on July 25
Q1 FY26 company results, July 25: Bajaj Finserv, Shriram Finance, Reliance Infrastructure, Orient Cement, and ACME Solar will also release their April-June quarter earnings reports today New Delhi Cipla, Bank of Baroda, Steel Authority of India (SAIL), Bajaj Finserv, Shriram Finance, and Reliance Infrastructure are scheduled to announce their earnings report for the first quarter (Q1) of the financial year 2025-26 (FY26) on Friday. A host of other companies, including ACME Solar Holdings, Orient Cement, Mahindra Lifespace Developers, Tata Chemicals, New Delhi Television (NDTV), and Petronet LNG, are also expected to declare their Q1 results today. Cipla Q1FY26 preview: Revenue to rise, profit growth likely muted Cipla is expected to report moderate year-over-year growth in revenue and profit for the April–June 2025 quarter (Q1FY26), despite a slight dip in quarterly profit due to pressure in the US market. According to estimates compiled by Business Standard, Cipla's revenue is likely to rise 5.6 per cent year-on-year (Y-o-Y) to ₹7,071 crore, up from ₹6,694 crore in Q1FY25. Sequentially, the topline is projected to grow 5 per cent from ₹6,730 crore in the March quarter. However, profit after tax (PAT) is expected to rise only 2.6 per cent Y-o-Y to ₹1,208 crore, from ₹1,178 crore a year ago. Compared to the previous quarter's PAT of ₹1,222 crore, this implies a marginal decline of 1.12 per cent. Earnings before interest, tax, depreciation, and amortisation (Ebitda) are estimated to fall 1.3 per cent Y-o-Y to ₹1,693 crore from ₹1,716 crore in Q1FY25. On a sequential basis, however, Ebitda is likely to improve by 10 per cent from ₹1,538 crore in Q4FY25. Bank of Baroda Q1 preview: Profit likely to dip on weak interest income Bank of Baroda is set to announce its financial results for the April–June quarter of FY26 on Friday. Analysts expect the public sector lender to post a subdued performance, citing muted interest income and limited treasury gains as key drags on earnings. The weak revenue profile could result in a high single-digit decline in net profit on a year-on-year basis, and a sharper, double-digit fall sequentially, they added. Market highlights from July 24 Indian equity markets closed lower on Thursday, weighed down by stock-specific moves as investors assessed June quarter earnings from companies including Infosys, Dr Reddy's Laboratories, IEX, Coforge, and Tata Consumer Products. The BSE Sensex ended 542.47 points, or 0.66 per cent, lower at 82,184.17. The NSE Nifty50 slipped 157.8 points, or 0.63 per cent, to settle at 25,062.1. The session also marked the weekly expiry of F&O contracts. In the broader market, the Nifty MidCap 100 index declined 0.58 per cent, while the Nifty SmallCap 100 fell 1.09 per cent. Market overview for July 25 Q1 earnings, forex data for the week ended July 18, progress on the India-UK trade deal, global market cues, institutional flows, and primary market activity are likely to guide sentiment on the benchmark Sensex and Nifty indices in Friday's session. 15 Digicontent Ltd 16 Dhabriya Polywood Ltd 17 Dhani Services Ltd 18 Dhruva Capital Services Ltd 19 Prataap Snacks Ltd 20 Duncan Engineering Ltd-$ 21 Future Consumer Ltd 22 Garware Synthetics Ltd 23 Global Infratech & Finance Ltd 24 Gujarat Lease Financing Ltd 25 Gujarat Mineral Development Corporation Ltd 26 G N A Axles Ltd 27 Grindwell Norton Ltd 28 Growington Ventures India Ltd 29 GRP Ltd 30 HFCL Ltd 31 Home First Finance Company India Ltd 32 Hybrid Financial Services Ltd 33 Indiabulls Enterprises Ltd 34 Indo City Infotech Ltd-$ 35 Intellect Design Arena Ltd 36 Jammu & Kashmir Bank Ltd 37 Sai Silks (Kalamandir) Ltd 38 Kapil Raj Finance Ltd 39 KCD Industries India Ltd 40 Kreon Finnancial Services Ltd 41 Laurus Labs Ltd 42 LKP Securities Ltd 43 Mahindra Lifespace Developers Ltd 44 Manorama Industries Ltd 45 Menon Bearings Ltd-$ 46 Mid India Industries Ltd 47 New Delhi Television Ltd 48 Omkar Overseas Ltd 49 Omnitex Industries India Ltd 50 Orient Cement Ltd 51 Orient Electric Ltd 52 Orosil Smiths India Ltd- 53 Oscar Global Ltd 54 Paras Defence and Space Technologies Ltd 55 Petronet LNG Ltd 56 Poonawalla Fincorp Ltd 57 Regis Industries Ltd 58 Reliance Infrastructure Ltd 59 Rose Merc Ltd 60 RPG Life Sciences Ltd 61 Sacheta Metals Ltd 62 Saffron Industries Ltd 63 Sagarsoft (India) Ltd 64 Steel Authority of India Ltd 65 Satchmo Holdings Ltd 66 SBI Cards and Payment Services Ltd 67 Schaeffler India Ltd 68 SG Mart Ltd 69 Sharda Cropchem Ltd 70 Shree Ganesh Biotech (India) Ltd 71 Shriram Finance Ltd 72 Sigachi Industries Ltd 73 Sobha Ltd 74 Solara Active Pharma Sciences Ltd 75 Spright Agro Ltd 76 Sterlite Technologies Ltd 77 Sudarshan Chemical Industries Ltd 78 Suraj Estate Developers Ltd 79 Tata Chemicals Ltd 80 The Investment Trust Of India Ltd 81 Tamilnad Mercantile Bank Ltd 82 Tamil Nadu Newsprint & Papers Ltd 83 TV Today Network Ltd 84 Vakrangee Ltd-$ 85 Vardhman Special Steels Ltd
Economic Times
28 minutes ago
- Economic Times
From hype to value: Indian IPOs offer better valuation comfort in 2025, says Sreeram Ramdas
After a frenzied run of overhyped IPOs in recent years, India's primary market seems to be undergoing a meaningful shift. In this edition of ETMarkets Smart Talk, Sreeram Ramdas, Vice President at Green Portfolio, shares how 2025 is shaping up to be a year of value-driven public issues rather than momentum-led listings. He highlights how investor caution, fewer aggressive valuations, and stronger fundamentals are helping restore balance in the IPO space, offering better comfort to long-term investors. Edited Excerpts - ADVERTISEMENT Q) The second half of 2025 started on a volatile note. How are you looking at the markets? One of the reasons could be FIIs selling, which continues in July. A) While FII selling is certainly a contributing factor, we don't believe it's the sole reason for the market's recent volatility. We see three primary drivers behind the market's pronounced reactions over the past few days. First, the initial earnings reports from top-tier Nifty companies have fallen short of expectations. In the banking sector, for instance, we saw weak numbers from Axis Bank, driven by an increase in provisions. In IT, TCS only managed to post positive year-on-year revenue growth thanks to favourable USD/INR currency fluctuations. Second, and what we consider the most significant factor, is the mounting uncertainty surrounding the trade deal with the US. As we approach the August 1st deadline, the markets are growing increasingly sceptical. ADVERTISEMENT Finally, we're observing foreign institutions downgrading Indian markets, labelling them as expensive, which has prompted the FII selling you mentioned. These are the main reasons why Indian markets are likely to remain volatile and range-bound for the time being.Q) IPOs have picked up recently, but EY report highlighted that Indian IPO activity in the first half of 2025 recorded 108 deals raising US$4.6b, demonstrating market resilience despite a 30% decline in transactions.A) This is exactly the kind of IPO market we've been waiting for. The sharp decline in IPO volume and the fewer companies ringing the bell are positive, not negatives. ADVERTISEMENT From a valuation standpoint, we're now seeing EV scooter manufacturers approaching the market with a more reasonable 11x price-to-earnings context, in FY24, EV players were listing at an average P/E of 25x. We're seeing a similar trend of moderation across retail, textiles, and chemicals. ADVERTISEMENT In FY24, a staggering 242 companies went public, and many are now facing headwinds in the secondary market—about 40% of them are currently trading below their offer contrast to the last three years, we're now seeing IPOs that offer both value and growth, leaving sufficient room for valuation of comfort. This was a rarity in the overheated market of the recent past. Q) What is the initial sense you are picking up from the June quarter results, which have started to come out? ADVERTISEMENT A) Commodity-focused companies are performing exceptionally well, whereas service-oriented players are struggling to post positive results. Major players in cables, petrochemicals, and steel are reporting splendid results, especially on the bottom line, thanks to improved anticipate a strong earnings season for chemical companies, driven by an uptick in exports of specialty molecules to the US, new chemistries coming online for some major players, and expanding we expect the broader markets to show strong performance with revenue growth in the early teens and improving margins. However, our outlook for the Nifty 50 companies specifically is more tepid. Q) Is the current equity market rally largely liquidity-driven, or are there sufficient earnings fundamentals to back the optimism? A) It's mostly liquidity-driven. While we do expect earnings to be positive, the overall valuations remain expensive. Citibank wasn't wrong to downgrade the Indian markets. We have already shifted to cash in our model micro and small-cap oriented "Super 30" fund currently has a 25% cash holding, its highest in 10 months. The last time we exceeded this level was last are plenty of fundamentally strong companies with bright prospects, but the dilemma is that their current valuations already reflect their bullish performance for the next two to three years. Q) SIPs crossed Rs27K – what does it talk about the retail investor behaviour change? A) These are very positive signs. Instead of trying to time the markets or solely relying on a 'buy the dip' strategy, investors are demonstrating a greater inclination towards disciplined equity funds experience volatility, investors are now flocking to hybrid and arbitrage funds rather than abandoning the markets altogether. This behaviour is definitely changing for the better. Q) How is the corporate bond market shaping up here in India? A) At its current stage, the size of the Indian corporate bond market is negligible. To put it in perspective, while the US has a $14 trillion corporate bond market, ours is just $500 billion in with the rise of online bond platforms, lower ticket sizes of ₹10,000, and better yields for investors compared to fixed deposits, the corporate bond market is poised to grow by leaps and bounds from increasing issuance of higher credit ratings and the improved balance sheets of corporates further support the case for growth in corporate bond issuance. Q) Where are the pockets of opportunities coming from? A) We're finding opportunities in chemicals, automobile components, and select corporate turnarounds. Our sectoral exposure is varied, with no allocation to banking or IT at the moment. With chemical exports rising and price realizations improving, we continue to add names in this auto component space is a highly debated one. While many automakers are struggling with sales de-growth, auto volumes are still growing in specific regions, both abroad and auto component players we invest in are trading at a 16x price-to-earnings multiple, while we expect them to grow by a factor of 20-25%. Q) Where is the smart money moving? A) Lately, FII equity exposure has been shifting towards the Telecom and Financial sectors, while moving out of FMCG and Capital Goods. We expect this trend to continue if overall consumption remains investment circles, the defence industry has become more appealing, given the growth on both the export and domestic fronts. The challenge here is that there are far too many funds chasing a limited number of small stocks in the defence space. Q) How should one play the small & midcap space? A) When investing in any mid or small-cap stock, you must be prepared to stomach a 40% fall, regardless of how fundamentally strong the company is. This is a long-term game with the potential for higher returns, but it comes with higher risk. There are many exogenous factors at play that you'll have no control over, no matter how skilled you instance, Nectar Lifesciences, a small-cap company, baffled investors this July by deciding to sell off its entire business. This is just one example. It's ideal to have at least 15 stocks in your portfolio if you're aiming to invest in this you prefer the relative stability of the large-cap space, you should be fine with a more concentrated 10-stock portfolio. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
