Business Insights
In the fiercely competitive Indian mutual fund industry, Jio BlackRock is betting big on one factor it believes will outshine product variety, brand legacy, and even pricing — digital trust. The joint venture between Reliance’s Jio Financial Services and global asset management giant BlackRock is positioning itself to leverage India’s fast-growing digital infrastructure and rising…
In a significant development for India’s pharmaceutical and biotechnology sector, Avendus Future Leaders Fund (FLF) has spearheaded a ₹300-crore investment in Aragen Life Sciences, a leading contract research, development, and manufacturing organization (CRDMO). The deal not only strengthens Aragen’s capital base but also positions it for accelerated growth in the global life sciences market. Strengthening…
In a decisive move to strengthen its balance sheet and reduce stressed assets, Punjab National Bank (PNB) has announced its plan to sell non-performing assets (NPAs) worth approximately ₹5,000 crore to Asset Reconstruction Companies (ARCs) during the current financial year. According to PNB Managing Director Atul Kumar Goel Chandra, the bank aims to achieve a…
In a strong reaffirmation of India’s commitment to improving its investment climate, Union Minister of Commerce and Industry Piyush Goyal highlighted the country’s ability to swiftly resolve business challenges, further strengthening its image as a global business-friendly destination. Speaking at an industry interaction, Goyal emphasised that the government’s pro-active approach, policy reforms, and real-time problem…
In a significant leadership development, Gautam Adani has stepped down from his key managerial position at Adani Ports and Special Economic Zone Ltd. (APSEZ), the flagship transport and logistics arm of the Adani Group. The move comes as part of an ongoing leadership realignment strategy aimed at separating the roles of governance and management, aligning…
In a bold and visionary move, the state of Andhra Pradesh has extended full support to Deepinder Goyal’s ambitious jet engine project, signaling a major shift in India’s domestic aerospace innovation landscape. The Zomato co-founder, known for redefining the food tech industry, is now making waves in the high-stakes aviation sector with plans to manufacture…
Despite various states rolling out lucrative incentives to attract textile businesses, Tiruppur’s knitwear manufacturers remain steadfast in their commitment to Tamil Nadu, resisting pressure to shift investments elsewhere. The industry, widely considered the knitwear capital of India and a vital export hub, has signaled a strong preference for retaining and expanding operations within the state…
In a strategic move that reflects a shift in retail strategy and fiscal discipline, Kalyan Jewellers, one of India’s leading jewellery brands, is embarking on an ambitious expansion journey through a franchise model to reduce corporate debt while rapidly increasing its pan-India retail footprint. The company, renowned for its wide assortment of gold, diamond, and…
In a bold move to diversify its business portfolio and tap into India’s growing affordable footwear market, Kothari Industrial Corporation Limited (KICL) has officially announced the acquisition of Zodiz Footwear and Jeetlo Shoes, two established names in the Indian mass footwear segment. This strategic acquisition marks Kothari’s ambitious entry into the value-oriented fashion and consumer…
In a remarkable display of executive earnings in India’s tech landscape, HCLTech CEO C Vijayakumar has emerged as the highest-paid top executive among India’s IT giants, earning a total compensation of $10.85 million (₹90 crore approx) in the fiscal year 2024–25 (FY25). This surpasses the earnings of the CEOs of India’s largest IT firms, TCS…
