Online gaming platform Head Digital Works on Thursday said the company has completed its first-ever employee stock option plan (ESOP) buyback programme of $3 million. This comes at a time when the online gaming sector is facing financial burden with regard to the 28% goods and services tax (GST). Among eligible ESOP holders, 97% opted
Steel companies will find it difficult to support significant expansion in the coming quarters if the price of steel does not recover, Tata Steel MD & CEO TV Narendran said on Thursday. He also said that China steel imports will need to come down to nearly half of what they are currently for a price
Trent Ltd on Thursday released its fiscal second quarter earnings with consolidated profit at Rs 335.06 crore, registering a growth of 46.9 per cent in comparison to Rs 228.06 crore during the same period of previous financial year, missing estimates. It posted revenue from operations at Rs 4,156.67 crore, up 39.4 per cent as against
The Hosteller, backpacker hostel brand, on Thursday announced the completion of its Series A funding round, securing a total investment of Rs 48 crore. The equity investment was led by V3 Ventures along with participation from investors including Synergy Capital Partners, Unit e Consulting LLP, Real Time Angel Fund (Climber Capital), Ice VC led by
HCL Tech on Thursday announced that it has been selected by the Tasman District Council in New Zealand to provide contemporary digital user experiences to employees and residents of the Tasman district. In a statement, HCL Tech said that it will leverage Microsoft Dynamics 365 to move the Tasman District Council to an advanced digital
Go to Live UpdatesQ2 Earnings 2024 Live Updates: With the majority of the companies across sectors having already released their Q2 numbers for FY25, investors and market participants are keenly waiting for others to announce their earnings for the quarter. Firms including Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Bharti
Kansai Nerolac Paints Ltd released its fiscal second quarter earnings with profit at Rs 122.79 crore, registering a decline of 30.7 per cent in comparison to Rs 177.15 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 1951.37 crore, marginally lower than Rs 1956.54 crore reported during the same
The Donald Trump presidency in the US could be a positive for India on the trade front if it plays its cards well, and is ready to take up the opportunities that a speeding up of the realignment of the global supply chains may throw up. Trump’s statements in the run up to the elections
After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore, Bajaj Finserv is planning to explore listing of its insurance ventures. Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, said there was a regulatory nudge for listing of larger insurance companies. The boards of the
The Competition Commission of India (CCI) on Tuesday raided the offices of media agencies, including GroupM, Dentsu and IPG Mediabrands, as well as the Indian Broadcasting and Digital Foundation (IBDF), an apex body of broadcasters, over alleged fixing of ad rates and discounts, industry sources told FE. The action comes ahead of the 18th edition
After over a week of consolidation, Tuesday was a breakout day for the benchmark indices, which clocked around 1.5% growth on the back of good news on both global and domestic fronts. While the softer-than-expected US retail sales data fuelled hopes globally that the Federal Reserve could consider rate cuts, India’s lowest trade deficit in
By Ankit Mandholia The withdrawal of foreign portfolio investors (FPIs) from Indian markets is driven by a complex interplay of global economic trends, geopolitical uncertainties, monetary policies, and domestic factors. Since sustained outflows could pose challenges to market stability, it is important to ensure that there is macroeconomic stability to enhance the competitiveness of Indian
The market scenario can change completely in just a few months. Till September 2024, the Indian stock market was making new records every day. But since then, the situation has changed. Nifty 50 is down by about 14% from its peak. Similarly, the Nifty Midcap 100 has fallen by more than 18% in the last
