As per the moneycontrol reports, Vipin Kapooria, Chief Financial Officer of Blinkit has resigned and is expected to return to his former employer, Flipkart. He had joined Blinkit just about a year back in September 2024. He had joined from Flipkart where he had previously spent more than 7 years In general I am always … Read more
Subsequent to the MUFG news, CARE has upgraded Shriram’s FD credit rating to AAA Stable. This was widely expected and should help the Company in bringing down it’s cost of borrowings.
A few days ago, Tesla CEO Elon Musk reacted on X to silver price surge, “This is not good. Silver is needed in many industrial processes.” It was a warning that silver is a critical industrial input and that rising prices pose risks to manufacturing costs. While expectations of U.S. Federal Reserve rate cuts in … Read more
The country’s industrial output reached a two-year high, growing by 6.7 per cent in November, according to the official Index of Industrial Production (IIP) data released Monday.This marks an improvement from the 5 per cent growth recorded in November last year, according to data released by the National Statistics Office (NSO). The surge was largely … Read more
RIL denied a Reuters news report that said the government had sought compensation of $30 billion from the company for producing gas at below estimated reserves from its KG-D6 block. “There is no claim of $ 30 billion against Reliance and BP,” RIL, the operator of the KG-D6 field, said in a statement on Monday. … Read more
Zerodha co-founder Nikhil Kamath and Future Group co-founder Kishore Biyani have come together to introduce The Foundery, a residential business launchpad designed to back early-stage startups. The programme, aimed at helping Indian startups to gain momentum, promises to turn aspiring entrepreneurs into co-founders of funded, launch-ready businesses within three months. The Foundery is a 90-day … Read more
India’s ambition of exporting goods and services worth $1 trillion by the end of FY26 is likely to remain out of reach, Global Trade Research Initiative (GTRI) predicted in its latest report on Thursday, pointing to weak merchandise shipments due to weak global demand and increasing protectionist trends.Ajay Shrivastava, founder of the economic think tank, … Read more
Although low inflation rate and high growth led the Monetary Policy Committee (MPC) to reduce repo rate by 25 basis points (bps) earlier this month to support growth, the drastic fall in inflation numbers remained a cause for concern, the minutes of the MPC released by the Reserve Bank of India (RBI) on Friday indicate. … Read more
After denying rumors in October 2025, Shriram Finance (SFL) has announced the deal with MUFG Bank Ltd., Japan’s largest bank and a part of Mitsubishi UFJ Financial Group (MUFG). MUFG Bank will invest Rs 39,618 crore, equivalent to around USD 4.4 billion, in SFL through a preferential issuance of equity shares. It will get 20% … Read more