Aadhar Housing Finance is expected to grow its assets under management by 22% by the end the current fiscal, managing director and CEO Rishi Anand said in an email interaction. “This anticipated growth will be driven by our extensive operations and a strategic expansion plan that has added 545 new branches across 21 states and
The fast-moving consumer goods (FMCG) arm of Reliance, which has touched Rs 8,000 crore in topline for the first nine months of FY25, will expand distribution into the north and west of India, sources have told FE. The FMCG business is part of Reliance Consumer Products (RCPL), a wholly-owned subsidiary of Reliance Retail Ventures (RRVL).
Nate Anderson, the founder of Hindenburg Research, recently announced the closure of his nearly eight-year-old activist short-selling firm. However, the company, which gained global attention in 2023 for its critical report on Gautam Adani’s conglomerate, now faces allegations of collusion with hedge funds in preparing bearish reports. According to a report by a Canadian portal
As conversations around extreme work hours in corporate India intensify, BharatPe CEO Nalin Negi has emphasised that quality of work takes precedence over long hours clocked in. Negi’s remarks come amid heated debates triggered by corporate leaders’ comments suggesting extended workweeks, including the controversial idea of a 90-hour workweek. Quality Over Quantity: Negi’s Perspective on
Adani Energy Solutions (AESL), an electricity transmission and distribution company, has secured two significant transmission projects, bringing its total order book to Rs 54,700 crore. This is a substantial increase from Rs 17,000 crore at the beginning of the fiscal year 2024-25. New Projects and Market Position In the third quarter of FY25 (October-December 2024)
Union Minister Nitin Gadkari stated on Saturday that India’s automobile industry is set to become the largest in the world within the next five years. He highlighted that the industry has already created 4.5 crore jobs, the highest in the country. Speaking at a Federation of Automobile Dealers Association (FADA) event, Gadkari emphasised the strong
With Finance Minister Nirmala Sitharaman all set to table the Union Budget 2025 in Lok Sabha on February 1, the real estate segment is betting on industry status for the sector, incentives for affordable housing and sops for sustainable development. The real estate industry is hoping for transformative measures in the form of incentives and
The October-December quarter broadly marked a turning point for domestic IT firms, with signs of revival in discretionary spending and a healthy order book. This was met with some optimism by analysts as the quarter is seasonally a weak one due to furloughs. While Infosys and Wipro exceeded Street expectations, TCS and HCLTech were not
Hindustan Unilever Ltd (HUL) on Wednesday released its fiscal third quarter earnings with profit at Rs 2,989 crore, up 19.18 per cent in comparison to Rs 2,508 crore reported during the corresponding quarter of FY24, surpassing estimates. In a statement, HUL said that the profit was driven majorly on account of profit from the divestment
Major brokerages remain positive on Paytm as the fintech managed to narrow its third quarter net loss, with the company continuing to witness an improvement in business metrics. Founder and CEO Vijay Sekhar Sharma on Tuesday said the company is poised to achieve profitability in the next quarter. Shares of One97 Communications, the parent, on Tuesday declined around 7% in intra-day
EMA Partners IPO, an SME issue, opened for subscription from January 17 to January 21. The issue, now after its completion of the three-day bidding, is likely to finalise the allotment of the shares today, January 22. Investors who have participated in the IPO can check the allotment status online through platforms such as NSE
The benchmark equity indices ended Wednesday’s trading session in positive territory. The NSE Nifty 50 added 135.85 points or 0.59% to settle at 23,160.50, while the BSE Sensex rose 614.57 points or 0.81% to end the day at 76,452.93. Underperforming the overall markets, the broader indices closed the counter lower on Wednesday as well, the
Tax saving is one of the key factors when it comes to savings and investments for middle-class taxpayers and senior citizens. As regards senior citizens, they aim for financial security by investing their money primarily in non-market-linked products, which give them a sense of safety in times of volatile stock markets. Another key aspect of
