Embassy Office Parks REIT is considering all legal options, including approaching the Securities Appellate Tribunal (SAT) against the SEBI order asking its chief executive Arvind Maiya to step down, sources in the know said. An email sent to Embassy REIT did not elicit any response. Sources said though Embassy REIT does not agree with the
Bengaluru-based B2B e-commerce platform Udaan saw minimal growth in FY24, with gross merchandise value (GMV) rising 1.7% to Rs 5,706.6 crore from Rs 5,609.3 crore in FY23, according to filings by group entity Trustroot Internet in Singapore. For context, Udaan’s GMV was Rs 9,900 crore in FY22, indicating a deceleration in growth over the past
The Insolvency and Bankruptcy Board of India (IBBI) has proposed to include an option of mediation for operational creditors (OCs) under the Insolvency and Bankruptcy Code (IBC), as it aims to cut the load of National Company Law Tribunals (NCLTs). According to discussion paper floated by the IBBI on Monday, the OCs would exercise the
Retail sales (offline and online) during the festive season increased by about 15% year-on-year in 2024, much lower than 32% or so in 2023 and 88% in 2022, Nomura Global Research wrote in a note on Tuesday citing rough estimates based on anecdotal data. “Demand is holding up in rural areas and in tier-2/3 cities
Hero MotoCorp has become a very prominent face at EICMA over the last few years. At the ongoing annual motorcycle exhibition this year, the largest Indian two-wheeler manufacturer has come with huge expectations that make Hero a truly global brand. The company has unveiled four new products that will be added to its lineup soon
India’s trade defence body Directorate General of Trade Remedies (DGTR) has recommended imposition of provisional anti-dumping duty of up to $339 per metric tonne on imports of PVC suspension resin from seven countries, including China and US. PVC suspension resin is the main raw material for rigid and flexible plastics. It is widely used for
The financial markets are watching the US Presidential Election with bated breath. The street is however divided on who could ring in higher gains. While Trump seems to promise active rate action, Harris offers stability- all eyes on the market verdict. The election for the next US President is underway. While there is no clear
The Centre will sell up to 2.5% stake in Hindustan Zinc at a floor price of Rs 505 per share on Wednesday-Thursday. The sale could fetch the government Rs 5,900 crore as disinvestment revenue. The floor price for the HZL OFS was at a discount of 9.7% to the closing price of the stock at
Venture capital (VC) investments in the non-banking finance companies (NBFCs) surged in 2024, marking a notable pivot towards safer, proven business models with clear exit opportunities. Amid a tepid growth in the overall VC funding, NBFCs raised approximately $1.2 billion across 50 equity rounds, a jump of 70% from $717 million across 64 rounds in
Power companies are likely to report strong earnings for the third quarter of the current financial year owing to the growth in regulated equity from capacity expansion, new transmission line additions, improved hydro generation, and sustained volume growth in the short-term market, as per analysts. Additionally, contributions from solar EPC (engineering, procurement, and construction) and
In an effort to improve audit quality, the National Financial Reporting Authority (NFRA) is set to release a series of papers addressing critical areas of statutory audits. NFRA Chairman Ajay Bhushan Pandey told FE that seven such papers are planned for release over the next 2–3 months. “Based on our experience and the current gaps
Once seen as the future of retail, the direct-to-consumer (D2C) segment seems to be losing its sheen. With Hindustan Unilever (HUL) reportedly in buyout talks with Minimalist, a Jaipur-based skincare brand, for Rs 3,000 crore, the sector’s challenges in scaling up are under scrutiny. Amid plateauing sales and dwindling funding, D2C startups face an uphill
By VK Sharma, Trump’s intention to raise tariffs to protect American trade was widely anticipated and largely factored in. However, his speech last week, hinting at the possibility of declaring a state of emergency to implement his sweeping tariff plans, caught markets off guard. The Nifty fell 0.4% Friday, and the Nifty SmallCap Index slipped
