Corporate India’s boardrooms are getting younger – but the country’s top listed companies continue to buck the trend. The average age of directors across NSE-listed companies has declined to 56.54 years as of August 4, from 58.92 years a decade ago—as of March 31, 2017—while the number of board seats held by those under 40 … Read more
HDFC Life managing director and CEO, Vibha Padalkar, discussed with Shilpy Sinha the industry’s open architecture, protection growth after GST exemption, pricing pressures, margins, capital needs and investment priorities, while calling for regulatory stability. She said competition has driven innovation, but higher costs, weaker persistence and slow growth remain key challenges for the industry. Edited … Read more
Infrastructure investor Macquarie Asset Management is in advanced negotiations to acquire a significant controlling stake in renewable energy platform Fourth Partner Energy for an enterprise value of about $2 billion (₹19,006 crore), said people familiar with the matter. The deal is expected to peg the company’s equity value at around $1 billion, the people said. … Read more
India’s payment industry has long been calling for higher subsidies or a controlled introduction of merchant discount rate (MDR) to recover transaction costs. The decision to allow MDR or higher value business payments will help to turn many business models sustainable and thereby increase competition in an industry that is currently a near duopoly of … Read more
Both NSE and Jio Platforms filed their draft papers in June to raise about ₹30,000-31,500 crore and ₹37,000-37,700 crore, respectively, making them India’s biggest IPOs to date. By comparison, Hyundai India’s IPO in October 2024 raised about ₹27,870 crore, while LIC’s issue in May 2022 was worth ₹20,557 crore. Source link
Bajaj Finserv (BFL) is entering into the reinsurance business through a wholly owned subsidiary. BFL already has a significant presence in insurance through its 77.33% stakes in Bajaj General Insurance and Bajaj Life Insurance, formerly operated as joint ventures with Allianz. The latest move makes it growing group of private players in India’s reinsurance market, … Read more
Zepto on Saturday said that it will raise funds through a pre-IPO financing amid tepid response from investors to its public listing.Zepto did not share the specifics of the transaction but said that the move will strengthen its balance sheet. It is looking to raise around Rs 1,000 crore through the round at a valuation … Read more
If there’s one stock investors have consistently been willing to pay top dollar for over the past several years, it’s Nvidia. But with the stock struggling since mid-May, down 17% amid fears of a decline in hyperscaler spending, Morningstar says it finds itself in an unfamiliar role: an undervalued bargain. In a July 30 report, … Read more
There are several benefits associated with the use of plastic or polymer notes. (Image for representative purpose) In the coming months you may be holding a currency note made of plastic instead of paper! India has taken the first step towards introduction of plastic or polymer notes. The move revives a project that was first … Read more