JSW Energy expects revenues to grow 22% on a CAGR basis by FY26 on the back of capacity additions and new ventures like green hydrogen. The company also expects Ebitda margins to almost double during this period. Director-finance Pritesh Vinay, shared the company’s plans with Raghavendra Kamath. Excerpts: What is your capital expenditure for the […]
Spandana Sphoorty Financial will continue focussing on the joint liability group (JLG), when many of its peers in the microfinance segment are shifting to the individual-lending model. “At this point of time, there is still a lot of merit in the JLG model. The question is how well you are able to execute it,” managing […]
IDFC First Bank, LIC Cards, and Mastercard on Thursday announced their collaboration to launch an exclusive co-branded credit card to meet the dynamic financial needs of the country. Available in two variants — LIC Classic and LIC Select — the credit cards will let more than 27 crore policyholders across the country save in the […]
In 2019, when Genpact decided to put most of its learning online, two of its key employees — Piyush Mehta (chief human resources officer) and Gianni Giacomelli (chief innovation officer) — were tasked with building a platform. They called it Genome, to reflect the idea that learning was part of the company’s DNA. The duo […]
One of the top entrance exams for law, the Common Law Admission Test (CLAT), conducted by the Consortium of National Law Universities released the results on December 10 and only a few candidates have qualified for it out of lakhs of applicants. If you are one of those candidates then here’s the list of other […]
As many as 14 Members of Parliament, including one from Rajya Sabha and 13 from the Lok Sabha, were suspended for the remainder of the ongoing Winter Session of Parliament for disrupting House proceedings. Among the 14 suspended from Lok Sabha are 9 MPs from the Congress, 2 from CPI(M), and one each from DMK, […]
The unstoppable Indian residential sector surpassed all previous highs in 2023 with housing sales creating a new peak quarter-on-quarter. Concurrently, the overall sales value of sold housing inventory also inched higher. Even before Q4 2023 sales numbers are collated, the strong sales momentum indicates that the total value of homes to have found buyers in […]
D2C(direct-to-consumer) beauty and wellness products startup Nat Habit on Tuesday announced $10.2 million series B funding led by Bertelsmann India Investments (BII). The round also saw participation from existing investor Fireside Ventures along with other investors includingAmazon India Fund, Mirabilis Investment Trust,andSharrp Ventures.The startup said it will deploy the capital towards research and development, product […]
Annual food inflation in retail markets rose to 8.7% in November from 6.61% in October on year, as prices of vegetables, cereals, pulses and spices firmed up.The relevant consumer food price index (CFPI) last month recorded a sequential rise of 1.05% while food inflation in November, 2022 was 4.67% on year. Deflation in edible oils […]
India’s food processing industry is now the world’s sixth largest and is expected to reach INR 40.1 trillion by 2026. According to experts, the nutritional landscape is changing in India. Changes in consumers’ diets in India play a significant role in both, especially overweight and obesity. The World Health Organization (WHO) India’s 2023 report on […]