RBI chairman Establishes Financial technology Registry For Promoting Accurate Data Availability

Financial

To make it easier to obtain thorough information about the Indian fintech industry, the Reserve Bank of India (RBI) has established a fintech repository. Data about different finance businesses, their business models, and technology use cases will be included in this repository. In addition, RBI chairman Shaktikanta Das unveiled the Retail Direct Mobile App, the … Read more

NCLT Gives Dunzo a Two-Week Extension to Pay Outstanding Dues1

NCLT

Dunzo has been temporarily shielded from further insolvency proceedings by the National Company Law Tribunal (NCLT) after being given a two-week extension to settle its debt with Betterplace Safety Solutions. Dunzo is having financial difficulties, as seen by several bankruptcies, late vendor payments, and delayed salary. The Decision of NCLT and Its Consequences : The … Read more

Nazara Promoter Mitter Info Sells 6.38% Stake To Existing Backer Plutus Wealth

Nazara

Nazara Introduction : A block deal involving 48.84 lakh shares of Nazara Technologies, representing a 6.38 percent stake, occurred on May 27. Promoter Mitter Infotech sold the shares to Plutus Wealth Management, a pre-IPO investor since 2020. Impact of the Deal and Share Price Surge :   Following the block deal, Nazara Technologies experienced a … Read more

Mamaearth Transformation: 1The Systematic Path to Financial Success

Mamaearth's Transformation

What precisely drove Mamaearth and Honasa to reach the significant benchmark of a complete year of financial success? Many have praised Zomato for becoming profitable, but Mamaearth and Honasa deserve equal recognition as well. Mamaearth and Honasa : The company concluded FY24 with earnings of INR 110.52 Cr, a major improvement over the INR 150.96 … Read more

Improving Property Leadership: Reliance Financial and BlackRock’s Joint Venture1

Financial

Jio Financial & BlackRock form 50:50 joint venture for wealth management & broking in India. Previous agreement in July 2023 laid foundation; $150 million investment from each entity. Venture aims to establish wealth management and brokerage companies in India. Focus on digital-first solutions to democratize investment access for Indian investors. Launch subject to regulatory approvals; … Read more

Sensex and Nifty Surge: Heavyweights Drive Market Momentum Amidst Global Anticipation 1

Nifty

Sensex and Nifty start positively, fueled by gains in heavyweight stocks. Investors await US inflation report and Q4 earnings season. Analysts forecast further upside potential but caution against aggressive positions. Broader indices outperform benchmarks; Nifty Metal and Oil & Gas sectors surge. Vedanta leads Nifty Metal gains post-upgrade by CLSA. Global markets await US inflation … Read more

Ramco Systems secures an 18% surge with Korean Air Deal.

Ramco

Ramco Systems partners with Korean Air for engine MRO support. Deal involves implementation of advanced aviation software. Korean Air’s new MRO facility in Unbuk to benefit from the partnership. Ramco’s solution aims to streamline operations and boost efficiency. Stock surges by 18%, trading volume significantly higher. Ramco Systems sees a significant increase in market share … Read more

Global Business Roundup: Oil Price Surge, Musk’s Legal Battle, Fed’s Stance, India’s Emergence, and More 1

Price

Crude oil prices surge due to geopolitical tensions, potentially surpassing $100 per barrel. Elon Musk faces inquiry over social media actions, impacting his business operations. Federal Reserve maintains non-partisan stance in setting monetary policy, ensuring long-term economic stability. Canada announces $1.77 billion investment in AI sector, aiming to bolster innovation and competitiveness. India emerges as … Read more

Ather Energy Launches Rizta Scooter with Smart Helmets, Eyes Market Expansion 1

Rizta Scooter

Ather Energy debuts Rizta scooter, emphasizing safety, comfort, and affordability. Introduction of Halo smart helmets featuring music, voice-call, and wireless charging functionalities. Strategic expansion into the family scooter segment to compete with TVS Motors’ iQube and Bajaj Chetak. Ather’s dedication to engineering excellence evident in extensive research and development for innovative products. Company’s strong financial … Read more

Marico’s excellent Q4 reports drive a 3% gain amid improved macroeconomic conditions.

Marico

Marico anticipates Q4 revenue growth, marking a return to positive territory after three quarters. International business poised for robust double-digit constant currency growth. Domestic revenue expected to outpace volume growth with gross margin expansion. Strategic initiatives aimed at enhancing profitability and expanding direct reach in urban and rural markets. Key products like Parachute Coconut Oil … Read more