Mumbai: The latest episode of Shark Tank India 4 featured a compelling pitch by Bindiya, a third-generation entrepreneur aiming to revolutionize the tile industry with her online platform, Tileskraft. Seeking ₹60 lakh for a 12% equity stake, Bindiya presented her vision of simplifying tile sourcing and sampling through technology. However, her pitch faced challenges as…
Mumbai: The latest episode of Shark Tank India 4 witnessed an emotional moment as Kunal Bahl, co-founder of Snapdeal and Titan Capital, connected deeply with the story of a 64-year-old entrepreneur, Champa. The founder of Krishna Sakhi, a business specializing in handcrafted jewelry for divine idols, Champa’s pitch moved the panel of investors with her…
Mumbai: IndusInd Bank shares faced a sharp decline, hitting a fresh 52-week low of ₹720.50, following a series of downgrades and target price reductions by leading brokerages. The stock plummeted 20% on Tuesday, raising concerns among investors about the bank’s governance and earnings visibility. The selloff was triggered by the bank’s disclosure of accounting discrepancies…
In a bid to ensure transparency and curb tax evasion, the Income Tax Department has intensified scrutiny of cases where high income is reported, but withdrawals and transactions remain disproportionately low. Such discrepancies in income and spending patterns can trigger suspicions of undeclared earnings, leading to potential investigations. The Red Flags to Watch Out For…
Hindalco Industries, the flagship company of the Aditya Birla Group and one of the world’s largest aluminum rolling companies, has witnessed a remarkable surge in its stock price, nearing a one-year high. The stock has rallied 23% over the past eight weeks, outperforming the Nifty Metal index, which gained 8% during the same period. Key…
Finance Minister Nirmala Sitharaman has tabled a second batch of supplementary demands for grants in the Lok Sabha, seeking approval for an additional expenditure of Rs 51,462.9 crore for the current financial year. This move aims to address key funding requirements, including pensions and fertiliser subsidies. Key Highlights of the Additional Spending Broader Financial Context…
In a recent episode of Shark Tank India 4, founders Dheeraj Nagpal and Sachin Goel of Zinga Vita delivered an entertaining pitch centered around Shilajit, an ayurvedic supplement known for its multiple health benefits. Their mission was to destigmatize Shilajit and highlight its uses beyond sexual wellness, including improved metabolism, boosted energy levels, and benefits…
The Income Tax Department has established clear rules regarding cash deposits and withdrawals in savings accounts to ensure transparency and prevent tax evasion. Exceeding these prescribed limits may trigger scrutiny or even an income tax notice. Here’s everything you need to know to stay compliant with the rules. Annual and Daily Cash Deposit Limits According…
The National Securities Depository Limited (NSDL) is gearing up to launch its highly anticipated Initial Public Offering (IPO) worth ₹3,000 crore. This public issue, expected to go live by the end of March or early April, is entirely an Offer for Sale (OFS), with prominent stakeholders such as the National Stock Exchange (NSE), IDBI Bank,…
San Francisco-based artificial intelligence company OpenAI is reportedly preparing to launch specialized AI agents, designed to provide expert-level knowledge and support across various domains. According to a report by The Information, these advanced AI agents could come at a high subscription price of up to $20,000 (approximately ₹17.41 lakh) per month and will not be…
The Indian Renewable Energy Development Agency Ltd. (IREDA) announced on Saturday that the Reserve Bank of India (RBI) has declined its request for equity investment in the 900 MW Upper Karnali Hydro Electric Power Project in Nepal. Despite the setback, IREDA has confirmed its intention to resubmit the proposal. Background of the Investment Plan IREDA…
Industrialist Anand Mahindra has hailed Morbi, a small town in Gujarat, as India’s “Bahubali” of business for its remarkable dominance in the global ceramic industry. In a recent tweet, the Mahindra Group Chairman shared a video showcasing Morbi’s achievements, highlighting its ability to compete with China’s pricing while matching Italy’s quality. A Global Ceramic Hub…
India has emerged as one of the largest importers of Russian crude oil since the onset of the Ukraine war, spending approximately ₹1.15 lakh crore on purchases. This significant shift in India’s energy sourcing comes as Western sanctions on Russia have led to discounted oil prices, making Russian crude an attractive option for non-Western buyers….
India’s leading IT companies, including Tata Consultancy Services (TCS), Wipro, and Infosys, are undergoing significant workforce restructuring as they reduce bench sizes to address slowing revenue growth and margin pressures. This move has raised concerns about potential layoffs, particularly for employees with legacy skills. In the IT industry, “bench time” refers to the period when…
Reliance Retail Ventures, led by Mukesh Ambani and his daughter Isha Ambani, has initiated a significant workforce restructuring as part of its broader strategy to enhance operational efficiency and prepare for its highly anticipated Initial Public Offering (IPO). The move comes amid a sharp decline in the company’s valuation, which has dropped to $50 billion…
Mukesh Ambani, Chairman of Reliance Industries, and his wife Nita Ambani have added a prestigious property to their portfolio with the acquisition of Stoke Park, a historic 300-acre estate on the outskirts of London. The property, purchased for approximately ₹529 crore, is now under the management of Reliance Industrial Investments and Holdings Limited, a subsidiary…
Suzlon Energy Ltd., a leading renewable energy solutions provider, has announced its largest-ever Commercial & Industrial (C&I) segment order, marking a significant milestone in its operational history. This development comes as the company’s share price hovers below ₹50, reflecting a 43% decline from its 52-week high of ₹86. The Pune-based company has secured a third…
Ola Electric, India’s leading electric vehicle (EV) manufacturer, has achieved a significant milestone by becoming the first two-wheeler EV maker in the country to qualify for incentives under the Production Linked Incentive (PLI) Scheme for Automotive and Auto Components. The company has been granted a total incentive of ₹73.7 crore for its determined sales value…
India’s retail sector experienced a significant slowdown in new store openings in 2024, with major players like Reliance Retail, Tata’s Trent, Aditya Birla Fashion & Retail, and DMart adopting a cautious expansion strategy. Data revealed that only three new stores were added daily on average in 2024, a steep decline from ten per day in…
Adani Enterprises, the flagship company of the Adani Group, has garnered significant market attention following a major block deal by Abu Dhabi-based IHC Capital Holding. The diversified investment group sold 84.48 lakh shares, equivalent to a 0.73% stake in Adani Enterprises, for ₹1,832 crore through open market transactions on Wednesday. Details of the Transaction The…
Shares of Castrol India witnessed a significant surge of over 13% on Thursday following reports that Saudi Aramco, the world’s largest oil company, is considering a potential bid for BP’s lubricant business, which operates under the Castrol brand. Market Performance Castrol India’s stock climbed 13.36% to ₹252 per share on the Bombay Stock Exchange (BSE)…
Gensol Engineering, a leading player in the clean energy sector, has issued a statement addressing recent allegations of document falsification and concerns over promoter share pledges. The company’s Chairman and Managing Director, Anmol Singh Jaggi, reassured stakeholders of Gensol’s commitment to financial stability and transparency. Allegations and Rating Downgrade The controversy arose after rating agencies…
Prime Minister Narendra Modi inaugurated the Vantara Wildlife Rescue and Rehabilitation Centre in Jamnagar, Gujarat, on March 4, 2025. This state-of-the-art facility, established by Reliance Industries Limited (RIL) and the Reliance Foundation, spans 3,000 acres and serves as a sanctuary for over 1.5 lakh rescued, endangered, and threatened animals from more than 2,000 species. During…
Tesla, the world’s leading electric vehicle (EV) manufacturer, is finally making its highly anticipated entry into India. The company’s first showroom in the country is set to open at Mumbai’s Bandra Kurla Complex (BKC), one of the city’s premier commercial hubs. *Tesla’s First Showroom in India* According to The Times of India, Tesla has leased…
India’s richest man, Mukesh Ambani, is renowned for his decision-making and risk-taking capabilities, qualities he inherited from his father, Dhirubhai Ambani. These attributes have propelled Reliance Industries to new heights every quarter. Mukesh Ambani resides in Mumbai with his wife, Nita Ambani, and their children Anant, Isha, and Akash Ambani. Their home, Antilia, is one…
Ola Electric Mobility Ltd is planning to lay off over 1,000 employees and contract workers as the company seeks to reduce its growing losses, according to a report by Bloomberg. The job cuts will affect multiple departments, including procurement, fulfilment, customer relations, and charging infrastructure. Sources familiar with the matter said that the layoffs are…
Amid the ongoing market downturn, Zerodha co-founder Nithin Kamath has a crucial message for investors: don’t panic. In a post on X, Kamath highlighted that this is the first real correction for many who started investing after the pandemic, reminding them that markets are cyclical and that steep declines were inevitable after the rally from…
The ongoing dispute between India’s National Restaurant Association of India (NRAI) and food delivery giants Swiggy and Zomato has intensified. NRAI alleges that the two platforms are misusing restaurant data to launch their own brands, thus competing directly with the businesses they serve. High commissions and the introduction of 10-minute food delivery services have further…
Hyundai Motor India Limited, the Indian arm of the South Korean automaker, has received two goods and service tax (GST) notices from the Government of Tamil Nadu and the Government of Maharashtra, amounting to nearly ₹16 crore, according to an exchange filing on Friday, February 28. The Deputy Commissioner of the Maharashtra State Tax Department…
The Indian retail market is poised for substantial growth, with expectations to reach over Rs 190 lakh crore by 2034. Retailers who embrace the country’s diverse demographics and contrasting consumer behaviors stand to gain the most, according to a joint report by the Boston Consulting Group (BCG) and the Retailers Association of India (RAI). The…
India’s economic growth is becoming more balanced with a notable rise in private consumption’s share in the GDP, according to a Crisil report. The report highlights a mild revision of 10 basis points (bps) in the second advanced estimate, bringing the expected real GDP growth for fiscal 2025 to 6.5%. This figure is closer to…
As appraisal season approaches, employees in the IT sector eagerly await rewarding salary hikes. However, reports indicate a mixed response from employers and employees regarding the anticipated increments. One notable case is LTIMindtree, a leading multinational information technology services and consulting company in India. The subsidiary of Larsen & Toubro has sent shockwaves among its…
India must sustain an average annual growth rate of 7.8% over the next 22 years to transition into a high-income economy by 2047, according to a World Bank report released on 28 February and reported by The Hindu. The report, titled “India-Country Economic Memorandum: Becoming a High-Income Economy in a Generation,” emphasizes that while the…
Ratan Tata’s Tata Consultancy Services (TCS), one of India’s largest IT services firms, is set to announce annual salary hikes for its employees for the financial year 2025-26. However, the expected increment is likely to be the lowest in the last four years. ### Expected Salary Hike According to an Economic Times report, TCS salary…
Reliance Jio, known for revolutionizing the telecommunications sector, is now set to make its mark in the electric vehicle manufacturing sector. The company is reportedly planning to launch the Jio electric bicycle by the end of this year. Although there has been no official announcement from Reliance, several features and price details have been circulating…
In one of the most high-pressure pitches of Shark Tank India Season 4, the founders of Trajectory, a cushion brand from Delhi, faced intense scrutiny as they presented their business to the sharks. Seeking Rs 1 crore in exchange for 2 per cent equity, valuing their company at Rs 50 crore, the founders found themselves…
During the recent Mumbai Tech Week 2025, Akash Ambani, Chairman of Reliance Jio Infocomm Limited (RJIL), shared an intimate perspective on his source of inspiration: his father, Mukesh Ambani. In a fireside chat with Harsh Jain, co-founder & CEO of Dream Sports, Akash Ambani highlighted his father’s unparalleled work ethic and dedication, revealing that Mukesh…
Ola Electric has announced a significant milestone, selling over 25,000 units in February and achieving a market share of over 28% in the electric two-wheeler segment. This achievement cements Ola Electric’s leadership position in the market. *Sales Milestone and Market Leadership* The company attributed the sales milestone to its S1 portfolio and an extensive sales-and-service…
India Ratings and Research (Ind-Ra) has projected that India’s exports to the US may decline by $2 billion to $7 billion in FY26 if the reciprocal tariffs being contemplated by the US are implemented. This comes amid ongoing discussions between the two governments regarding trade relations. *Current Trade Scenario* India’s exports to the US rose…
Amid the ongoing decline in the stock market and weak estimates about the Indian economy, the World Bank has expressed strong confidence in India’s economic prospects and has appealed to investors worldwide to consider the country as a prime investment destination. *World Bank’s Optimism* Addressing the Advantage Assam 2.0 business conference, World Bank Country Director…
Nithin Kamath, founder of online brokerage firm Zerodha, has expressed concerns about the ongoing market correction and its potential impact on the Indian government’s revenue from Securities Transaction Tax (STT). Kamath believes that if the current market correction continues, the government’s revenue from STT could plummet by 50% to Rs 40,000 crore in FY 2025-26,…
The latest episode of Shark Tank India Season 4 featured a pitch that quickly turned into one of the most intense and brutal interrogations of the season. Founders from Delhi sought ₹1 crore for 2% equity in their cushion brand, Trajectory, valuing their company at ₹50 crore. However, they barely had a chance to begin…
The Indian stock market experienced significant selling pressure during early morning deals on Friday. The Nifty 50 index opened lower at 22,433 and touched an intraday low of 22,217 within minutes of the opening bell, recording an intraday loss of over 1.20%. The BSE Sensex opened lower at 74,201 and touched an intraday low of…
Tuhin Kanta Pandey has been appointed as the new chairman of the Securities and Exchange Board of India (SEBI). An IAS officer from the Odisha cadre, Pandey brings over 38 years of administrative experience to his new role. He has been a key member of Finance Minister Nirmala Sitharaman’s team and will succeed Madhabi Puri…
In a recent gripping episode of Shark Tank India 4, Ritesh Agarwal, the renowned founder of OYO, chose to side with Namita Thapar, sidelining fellow shark Vineeta Singh. The surprising move came during a pitch by two young founders of CoGrad, an education company aiming to revolutionize rural education. CoGrad’s founders presented their innovative model…
Tata Motors, a major player in the Indian automotive industry, has continued to underperform benchmarks Sensex and Nifty in 2025. On February 25, the stock touched a new 52-week low, reflecting a challenging period for the company. However, brokerage firm CLSA remains bullish on the auto stock. ### Tata Motors Share Price Tata Motors’ stock…
Indian tax authorities have singled out Volkswagen as the only automaker to wrongly classify its car imports for 12 years to evade Rs 12,000 crore ($1.4 billion) in taxes, even as rival Kia changed its practice after being warned, according to court papers. ### Background and Allegations Volkswagen, a relatively small player in India’s car…
Domestic carrier IndiGo announced on Wednesday that it will induct three additional Boeing 787-9 planes into its fleet under a damp lease arrangement with Norse Atlantic Airways. This strategic move comes as IndiGo prepares to launch flights to Europe from mid-summer this year. Currently, the Gurugram-headquartered airline operates two widebody Boeing 777 planes, wet leased…
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) have dropped 38% from their 52-week high of ₹1,139, which was touched on May 23, 2024. The stock reached its 52-week low of ₹705.20 on February 25. Despite being a monopoly player in online train ticket booking and railway catering services, the stock has underperformed in…
Shares of Alibaba Group Holding Ltd. (NYSE:BABA) surged 4.3% during the pre-market trading session on Wednesday, following the launch of its video-generation AI model. The stock also climbed on the back of a positive analyst call. ### What Happened Bernstein, a prominent investment management firm, upgraded Alibaba’s stock from ‘market perform’ to ‘Outperform’ and raised…
