Nithin Kamath, the founder and CEO of Zerodha, has raised alarm over India’s growing borrowing habits, particularly in the segment of small-ticket personal loans and credit card borrowings. According to Kamath, aggressive marketing strategies by fintech apps have fueled this trend, with an increasing number of individuals taking loans they cannot afford. Kamath highlighted a
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
Go to Live UpdatesQ3 Results Live Updates, HDFC Bank, Hindustan Unilever Earnings Live: The fiscal third quarter earnings season has begun and IT giants like Tata Consultancy Services (TCS), HCL Tech, Infosys, Tech Mahindra, Wipro, and others from across sectors including Reliance Industries Ltd, Zomato, Paytm, Axis Bank, ICICI Prudential Life Insurance Company, Cyient DLM
Sajjan Jindal-led JSW Group announced that the company will invest Rs 3 lakh crore across critical sectors in Maharashtra. JSW Group signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to expand its presence in electric vehicles, batteries, steel, and green energy sectors. In a statement, JSW Group said that the investment will
Despite Zomato’s shares on Tuesday falling 10.91% to Rs 214.65 on the BSE, brokerages remain optimistic about the company’s long-term prospects. Analysts attribute the stock’s slide to short-term pressures from the company’s aggressive expansion of dark stores for its quick-commerce arm, Blinkit. However, they maintain that this strategy positions Zomato for sustained growth. Also ReadAdani
Rajasthan has emerged as the top state in attracting fresh project investments during Q3FY25, surpassing industrial giants like Maharashtra and Gujarat, according to data sourced from Projects Today, a firm tracking fresh and ongoing project investments in India. Rajasthan secured fresh project investments worth Rs 2,24,979 crore across 363 projects during Q3FY25, accounting for 19%
D2C snack brands like Go Desi, Beyond Snack, and Sweet Karam Koffee, among others, are making significant strides in international markets. Following in the footsteps of legacy giants like Haldiram, Bikanerwala, Balaji Wafers, Prataap Snacks, and Bikaji Foods, these startups are bringing authentic Indian flavours to a global audience. “The search for authenticity is fuelling
Bengaluru-based adtech unicorn InMobi is in advanced discussions to raise $400 million in a Series E funding round at a post-money valuation of $8 billion, according to sources familiar with the matter. The last known valuation of InMobi stood at $1.5 billion, making the projected $8 billion valuation a more than fivefold increase. Both existing
Mallika Srinivasan can be described in many ways: India’s `tractor queen’ making an indelible impression in a heavily male-dominated industry; a thought leader; a strategist as well as a well-known philanthropist with an abiding interest in ensuring development of agriculture, education, and healthcare in India. As chairman and managing director of Tractors and Farm Equipment
Just moments after announcing sweeping reciprocal tariffs on countries that trade with the United States, US President Donald Trump assured that the pharma sector, particularly, is being looked at as a separate category. While speaking to reporters on Air Force One, Trump said, “Pharma tariffs are going to come in at levels you haven’t really
FMCG major Marico released its business update for the January-March quarter wherein it said that the company’s consolidated revenue growth moved to high-teens on a YoY basis, as steady growth trends across key segments was supplemented by incremental pricing interventions in the domestic business. For the full year, the consolidated revenue is estimated to deliver
Vedanta’s share price took a sharp hit in early morning trade on April 4, slipping nearly 6%. The stock hit an intraday low of Rs 414.35, pulling back sharply as the broader market also opened weak, with the Sensex down 1%. While other metal stocks also came under pressure, Vedanta underperformed the Nifty Metal index
The tech stocks are battered even as the street readies for major Q4 earnings next week. The Nifty IT Index is down nearly 2%. This is after the sharp 4% cut seen yesterday- April 3. Coforge, Wipro, Persistent and Infosys are among the top losers and the Nifty IT Index is now down nearly 7%
