Maya and Leah Tata, daughters of Tata Trusts chairman Noel Tata, have joined the board of trustees at Sir Ratan Tata Industrial Institute (SRTII), a subsidiary of Sir Ratan Tata Trust, which is a primary shareholder of Tata Sons.Following the departure of Arnaz Kotwal and Freddy Talati, Maya and Leah Tata have assumed their positions…
MUMBAI: Kotak Mahindra Capital Company (KMCC) on Friday pegged the overall initial public offer (IPO) market pipeline at $35 billion for 2025. This will be a substantial jump from the $22 billion, which companies raised in the just concluded 2024, the company said. A bulk of $9 billion of the IPOs in the pipeline are…
NEW DELHI: Health-tech platform Practo has reported a 22 per cent growth in revenue to Rs 240 crore for the 2023-24 financial year as it achieved a gross merchandise value of Rs 3,500 crore in the year, according to a company statement. The digital healthcare platform, which connects patients and doctors, narrowed its losses to…
NEW DELHI: Inflation remains the major risk going forward for the financial year 2026 due to the higher cost of raw materials, a DAM Capital report added. The report added that inflation is a foremost concern for FY26, with a projected decline to 4.5 per cent from the current level. The major reason behind the…
NEW DELHI: British telecom firm Vodafone has sold its entire stake in Indus Towers for Rs 2,800 crore, the telecom infrastructure firm said on Friday. Vodafone has sold 7.92 crore or 3 per cent stake in Indus Towers and used Rs 890 crore from the proceeds to clear lenders dues, the company said in a…
Subrahmanyan’s compensation package comprised Rs 3.6 crore as base salary. L&T chairman SN Subrahmanyan, who finds himself in the midst of a big social media backlash following his 90-hour work week comments, received a total compensation of Rs 51 crore in the last financial year, according to L&T’s FY24 annual report.Following the debate sparked by…
Analysts indicate that if Nifty falls below 23,500, it would confirm a sell-on-rise approach. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Friday. While BSE Sensex was above 77,800, Nifty50 was above 23,550. At 9:17 AM, BSE Sensex was trading at 77,805.08, up 185 points or…
MUMBAI: Despite volatile stock market conditions last month, retail investors put their money in equities through the mutual fund route, with total inflows at Rs 41,156 crore. Dec also recorded the highest-ever gross monthly flows through the systematic investment plan route, at almost Rs 26,460 crore, data released by MF industry trade body Amfi showed….
NEW DELHI: The All India Bank Officers’ Confederation (AIBOC) has threatened to go on a two-day nationwide strike from 24 to 25 February 2025.The confederation demanded a five-day workweek, sufficient recruitment across all cadres, and the resolution of various long-pending issues.In a statement released on Thursday, AIBOC criticised recent directives from the department of financial…
NEW DELHI: The micro finance institutions (MFIs) industry in India has witnessed a skyrocketing growth of more than 2,176 per cent in the past 12 years, with its business soaring from Rs 17,264 crore in March 2012 to Rs 3.93 lakh crore as of November 2024. This was highlighted during a meeting chaired by M…
