The National Company Law Appellate Tribunal (NCLAT) has asked the crisis-hit infrastructure financing company IL&FS to complete the resolution of 58 firms by March next year, and has extended the moratorium until the date. The two-member bench said that resolution process for 58 entities are at an advanced stage and considerable progress has been made.
A recent report by Infosys Knowledge Institute, the research arm of Infosys, reveals that 73% of enterprises have integrated artificial intelligence (AI), including generative AI, into their marketing strategies, with 52% of these deployments achieving measurable business value. The report, titled CMO Radar 2024, highlights the growing influence of AI-fluent chief marketing officers (CMOs) in
A new survey by EY India indicates that nearly 70% of Global Capability Centres (GCCs) in India are investing in generative AI (GenAI). The EY India GCC Pulse Survey 2024 gathered insights from 88 GCCs across various industries, revealing that 78% of these centres are upskilling their teams to adopt GenAI, while 37% are piloting
As negotiations on the review of the Asean-India Trade in Goods Agreement (AITIGA) continue, in the coming round of talks the Indian side may seek an interim mechanism that provides protection to the sectors that are most impacted by the surge in imports from the 10-nation bloc, a senior official said. “We may seek some
The newly-listed jewellery company PN Gadgil has seen December quarter sales start off on a strong note, growing 25% year-on-year during Dussehra and Diwali, Group CFO & executive director Kiran Firodiya said in a conversation with FE on Wednesday. The company closed the September quarter of FY25 (Q2FY25) with revenue of Rs 2,001.31 crore, a
Finolex Cables (FCL) reported a 12% year-on-year decline in net profit to Rs 146.1 crore for the September quarter. Revenues for the quarter grew 10% to Rs 1311.7 crore. A steep fall in copper prices from mid-May 2024 resulted in destocking by customers, which continued till August. Consequently, the selling price had to be adjusted
The Department of Electronics, information technology & biotechnology, Government of Karnataka, is set to organise the Venture Capital Connect, a three-day event aimed at connecting startups with investors as part of the Bengaluru Tech Summit 2024 (BTS 2024), scheduled from November 19-21, 2024. The programme is expected to attract over 50 prominent global investors, including
Vodafone Idea net loss has widened sequentially in the September quarter by Rs 743.8 crore to Rs 7,175.9 crore, due to a significant increase in interest and finance cost, and a dip across most key performance indicators. Losses stood at Rs 6,432.1 crore a year ago. This was despite a 4% sequential rise in revenue
Marcellus Investment Managers has seen its Portfolio Management Services (PMS) assets under management (AUM) decline sharply by 64% from Rs 12,704 crore in October 2022 to Rs 4,734 crore currently. The primary reason? Valuation missteps in stock selection, as acknowledged by the firm itself. In a post on social media platform X, Kanan Bahl, CA
Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12
The China Securities Regulatory Commission (CSRC) has suggested implementing salary reductions of up to 50% for fund managers whose investment products either incur losses or fail to meet benchmarks by 10% or more. This initiative, announced on March 14, 2025, is part of efforts to reform China’s $4.6 trillion mutual fund sector in light of
The Central Pension Accounting Office (CPAO) has issued new guidelines to ensure timely pension to retired employees of the National Pension System (NPS). In an Office Memorandum (OM) issued on March 12, 2025, the CPAO has reminded the concerned officials that NPS pension cases should be processed in the same manner as the Old Pension
Securing your children’s financial future is one of the most important responsibilities of a parent. From education and marriage to other key life expenses, your growing children will need financial support at different stages. To ensure they have the necessary funds when required, it’s essential to diversify your investments across different schemes. In India, several
