Dell Technologies on Friday announced the appointment of Manish Gupta as president and managing director for India, effective immediately. Gupta will lead the company’s growth initiatives and drive sales in India, a company statement said. He will report to Peter Marrs, president, Asia Pacific Japan & Greater China (APJC), Dell Technologies. Gupta takes over from … Read more
Markets opened on a cautious note Friday morning as the Sensex fell 248.45 points to 81,193.59 and the Nifty declined 62.30 points to 24,688.60, with investors weighing global uncertainties against expectations of a domestic rate cut. The benchmark indices reflected a 0.31 per cent and 0.25 per cent decline, respectively, at 9.40 AM. The morning … Read more
Rather than commit funds to G-Secs with low spreads and limited upside, FPIs are increasingly eyeing corporate bonds that offer higher yields and better risk-adjusted returns. | Photo Credit: iStockphoto In their quest for higher returns from India’s debt markets, foreign portfolio investors (FPIs) have become adventurous and are turning towards high yield, low rated … Read more
A stampede during RCB’s victory celebrations in Bengaluru claimed 11 lives, including a minor, and injured 50 others. | Photo Credit: PTI In the wake of the stampede incident in Bengaluru on Wednesday during the RCB victory celebrations—which resulted in the deaths of 11 people, including a 14-year-old, and left 50 injured, the Karnataka Cabinet … Read more
Anirudh A Damani, Managing Partner, Artha Venture Fund Artha Venture Fund I, an early-stage micro VC backed by the Artha India Ventures family office, has reported an internal rate of return of 61 per cent with the portfolio companies achieving cumulative revenue of ₹2,100 crore. The ₹225 crore fund has deployed over ₹175 crore across … Read more
TVS Motor Company on Friday named Sudarshan Venu, the existing MD, also as the Chairman of the company, effective August 25. The appointment is in recognition of his “exemplary contributions” to the company’s sustained growth and strategic development during his tenure as director, TVS said in a statement. TVS’ current chairman, Sir Ralf Speth, has … Read more
Raghav Bharadwaj, CEO, Bolt.Earth at the launch of Blaze DC EV charging company Bolt.Earth has launched Blaze DC, a universal DC fast charger for electric two-and three-wheelers. The new DC series of chargers is engineered to provide high-speed interoperable charging solutions for two-and three-wheelers, which make up 80 per cent of the country’s EV fleet. … Read more
Chaos near Bengaluru stadium, several RCB fans injured. An evening meant to mark Royal Challengers Bengaluru’s (RCB) historic IPL title win ended in tragedy on Wednesday, as a stampede near Chinnaswamy Stadium claimed 11 lives and more than 50 injured. The celebrations quickly spiralled out of control when thousands of fans thronged the area to … Read more
Meta has announced a major expansion of its advertising tools to help businesses drive better campaign outcomes. | Photo Credit: REUTERS/Yves Herman Mumbai, June 4Meta announced the expansion of its advertising suite of products on Wednesday to help businesses achieve better overall advertising performance. Features such as Value Optimisation, Incremental Attribution and Value Rules will … Read more
Target: ₹1,720 CMP: ₹1,397.75 Ipca Laboratories’ (Ipca) 4QFY25 performance was broadly in line with expectations, although margin fell short by 130bp while EBITDA was 6 per cent below our estimate. The India business segment posted its ninth consecutive quarter of double-digit growth at 10.8 per cent y-o-y, below our 13.9 per cent estimate but above … Read more