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
Hindustan Zinc Limited (HZL), a Vedanta group company, on Thursday announced that the company reported a drop of 2 per cent on-year in mined metal production at 265kt during the third quarter of FY25. The decrease, it added, was due to lower ore production at Agucha and SK mines partly offset by improved mined metal
From condoms to aloo bhujia, soft drinks, chips and ice cubes packets, and even men’s underwear, New Year’s Eve (NYE) witnessed record-breaking orders for major quick commerce platforms including Blinkit and Swiggy Instamart. The year came to close on a high note for both the platforms, as Blinkit CEO Albinder Dhindsa and Swiggy Co-founder Phani
The Directorate General of Trade Remedies (DGTR), under the commerce ministry, has recommended a 12% provisional safeguard duty on some steel products to protect the local industry from below-cost imports. A final decision will be taken by the finance ministry. In a notification, the DGTR said critical circumstances exist wherein any delay in application for
Tata Consulting Engineers, the country’s largest private sector engineering and project consultancy firm, is growing at a robust 24-25% y-o-y, focusing on sectors like energy, transportation and others. Amit Sharma, MD and CEO, talks to Raghavendra Kamath about the future of nuclear energy and the company’s growth strategy. Edited excerpts: After the government push for private
Market participants keenly watch brokerage upgrades or downgrades, which often signal changing market dynamics. Stocks are also quick to react to brokers’ reports, and if the report is optimistic, it acts as a booster shot for the company. As such, two PSU stocks, Rural Electrification Corporation (REC) and Power Finance Corporation (PFC), have been upgraded
The Nifty50 index has shown encouraging signs of reversal this week. Starting with an Open=Low of 22,353, the index is now marching toward 23,000, bringing renewed optimism to Dalal Street. The positive movement has set the tone for traders, and the growing momentum suggests a potential shift in market sentiment. This upbeat movement comes amidst
Following a surge in demand for gold loans, Muthoot Finance has raised its assets under management (AUM) growth guidance for the fiscal to 40%, from 25-30% earlier. Last week, the country’s largest gold loan lender said its gold loan AUM had crossed Rs 1 lakh crore. As of the December quarter, gold loan AUM stood
