Zairus Master, chief business officer at Honasa Consumer, has resigned from his post and will step down on February 28, the company said in an exchange filing on Thursday. The Gurugram-based firm is the parent company of Mamaearth, The Derma Co, Aqualogica, Dr Sheth’s, BBlunt and Staze. Also ReadQ3 Update: Hindustan Zinc’s mined metal production
Dunzo co-founder and CEO Kabeer Biswas is set to exit the troubled hyperlocal delivery startup, according to a report in Moneycontrol. Biswas is exiting the firm after a decade-long stint, marking the end of founder presence at the company, which has been battling severe financial crisis for over 18 months now. Also ReadSnapdeal cuts losses
Avenue Supermarts, owner of retail chain DMart, on Thursday reported a 17.5% rise in its standalone revenue at Rs 15,565.23 crore in the quarter that ended on December 31. It had reported a revenue of Rs 13,247.33 crore during the same quarter in 2023-24. Also ReadQ3 Update: Hindustan Zinc’s mined metal production stands at 265kt
India is likely to add 30 gigawatt (GW) of renewable energy capacity over FY25 to FY26 backed by continued policy support, availability of liquidity and established growth plans of some large corporate players, reduced equipment prices, and waiver of interstate transmission system charges, analysts say. “The power supply situation is expected to improve with the
Co-working player Smartworks has leased 480,000 sq ft in a DLF property in Gurgaon at an annual rent of Rs 94.68 crore for six years. The space is located in DLF Commercial Building Block -3 in DLF City-Phase 5, Gurgaon, according to data accessed by Propstack. Also ReadQ3 Update: Hindustan Zinc’s mined metal production stands
By Krishna Barot The Gujarat government’s bid to establish itself as a semiconductor hub may have succeeded in attracting big-ticket investments but have thus far found few takers amongst the MSME sector. Industry insiders attribute this lack of enthusiasm amongst MSMEs to the stiff conditions set by the government which are proving to be a deterrent
Ketan Parekh, who was debarred by the Securities and Exchange Board of India (SEBI) two decades back after his conviction in the infamous stock market scam 2000, is back in the market regulator’s bad books. On Thursday, in an interim order, SEBI debarred Parekh, Singapore-based Rohit Salgaonkar and 20 other entities, besides impounding Rs 65.77
At a time when market experts have been advising investors to prune returns’ expectations from 2025, the benchmark indices’ 2.3% surge in the first two days has raised hopes that the stock market may deliver strong returns this calendar year. Market experts, however, aren’t impressed, pointing out that the fundamental concerns of expensive valuations, earnings
The Reserve Bank of India (RBI) has come out with a circular on FAQs clarifying doubts regarding resetting of floating interest rates on personal loans with equated monthly installments (EMIs). The FAQs, issued on January 10, will improve transparency, give borrowers more control, and bring more clarity to how lending institutions operate. It is important
India’s coal imports increased by 2 per cent, reaching 182.02 million tonnes (MT) in the April-November period of the current fiscal year, up from 178.17 MT during the same period last year, according to data compiled by business-to-business e-commerce company mjunction services. However, the country’s coal import dropped to 19.57 MT in November, down from
Foreign investors have withdrawn a substantial amount of Rs 22,194 crore from Indian equities this month, as concerns over a weak earnings season, a steady rise in the US dollar, and potential trade tensions during Donald Trump’s presidency weigh on market sentiment. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said,”The single major reason
Senior citizen tax benefits: Each year during the Budget, taxpayers eagerly await the government’s announcements on tax relief, particularly for senior citizens. With limited sources of income, senior citizens often rely on pensions, which act as a crucial financial safety net for them. Experts believe that Finance Minister Nirmala Sitharaman may finally adjust the tax
Investors will take cues from the December quarter corporate earnings, with blue-chips like Infosys, Reliance Industries scheduled to report their results this week. In addition, inflation data and trading activity of foreign investors will also be crucial in dictating market trends, analysts said. Movement of crude oil prices and the dollar index will also be
