In a concerning development for India’s strategic minerals sector, IREL (India) Ltd, the country’s premier rare-earths producer, has been functioning without a full-time Chairman and Managing Director (CMD) for over six months. The leadership vacuum comes at a time when global demand for rare earth elements is surging and India is striving to reduce its…
Mining conglomerate Vedanta Ltd is reportedly set to offload shares worth up to ₹7,500 crore in its subsidiary Hindustan Zinc Ltd (HZL) through block deals, according to sources cited by CNBC-TV18 and Moneycontrol. 📉 Shares to Be Offered at Discount Amid Market Dip The stake sale, expected to take place on June 18, will be…
In a significant leadership development, Sandeep Kataria, the first Indian to serve as Global CEO of Bata Corporation, has stepped down from his role after nearly five years at the helm of the Swiss footwear giant. The company is expected to make an official announcement later this week, with succession planning already underway. Kataria’s Legacy…
In a strategic leadership move, Meta Platforms has named Arun Srinivas as the new Managing Director and Head for India, effective July 1, 2025. This appointment follows the expanded role of Sandhya Devanathan, who now oversees Meta’s operations across both India and Southeast Asia. Arun Srinivas: A Proven Leader in Digital Innovation Srinivas, who joined…
India’s quick commerce sector is witnessing an unprecedented price war, with platforms like Blinkit, Zepto, Instamart, Flipkart Minutes, and Amazon Now offering record-high discounts to outpace rivals and capture consumer attention. Discounts Surge Amid Rising Competition New Entrants Fuel the Fire The entry of Amazon and Flipkart into the quick commerce space has intensified competition,…
SpiceJet has reported a 174% year-on-year (YoY) surge in its Q4 FY25 net profit, reaching ₹324.87 crore, marking its first annual profit in seven years. Despite a 16% decline in revenue, the airline has successfully turned around its financial performance, driven by cost optimization and operational efficiency. Key Financial Highlights Strategic Moves & Future Outlook…
Revathi Kamath, mother of Zerodha co-founders Nithin and Nikhil Kamath, has announced that she is writing an autobiography, sharing her life’s journey, struggles, and sacrifices in a heartfelt Facebook post. A Story of Strength & Sacrifice Kamath reflected on her early life, revealing that she had to give up her passions after marriage to focus…
The Forbes Global 2000 list for 2025 has revealed the world’s biggest companies, ranked by sales, profits, assets, and market value. While the United States dominates with 612 companies, India has 70 entries, led by Reliance Industries, which climbed four spots to rank #45 globally. Top 10 Largest Companies in the World (2025) 1️⃣ JPMorgan…
The fourth-quarter earnings season for FY25 has concluded on a strong note, with several companies reporting over 50% year-on-year (YoY) growth in net profits. According to Motilal Oswal Financial Services (MOSL), the Nifty 50 delivered a 3% YoY profit growth, slightly exceeding expectations. Top Performers in Q4FY25 Sector-Wide Growth Trends The metals, oil marketing companies…
India’s leading fintech platform Groww has reported a threefold jump in net profit for FY25, reaching ₹1,819 crore, while securing a $200 million funding round at a $7 billion valuation. 🔴 Key Highlights: 📢 Groww’s Statement:“Our strong financial performance and strategic expansion reinforce our commitment to democratizing investing in India.” ⚠️ Strategic Impact: 👉 What…
