Entrepreneur India: Page 7
Hero Motors Withdraws INR 900 Crore IPO Plans
Hero Motors intended to raise INR 500 crore through a fresh equity issuance, while the remaining INR 400 crore was planned to be raised via an offer for sale (OFS) by the company's promoters.
How Digital Payments Are Transforming the Indian Festive Season Shopping
The festive season sales have reflected an extraordinary rise in consumer spending, with early estimates suggesting that sales from September 26th to 28th alone crossed INR 26,500 crore
80% of Indian CEOs Are Optimistic for Global Growth; 68% Cautious on Company Prospects: KPMG Report
In 2024, 68 per cent of Indian CEOs expressed confidence in their company's prospects, down from 71 per cent the previous year.
How Major Automakers Performed in The Pre-Festive Season Market
The September 2024 sales data illustrates a dynamic passenger vehicle market in India, with some companies managing to expand their foothold, while others face minor setbacks.
Hindustan Zinc Reports Strong Mined Metal Production in 2QFY25 Reaching 256,000 Tonnes
Refined metal production stood at 262,000 tonnes for the quarter, up 8 per cent year-on-year and flat sequentially, maintaining steady levels in line with plant availability.
India's Current Account Deficit Marginally Widens to $9.7 Billion in April-June 2024: RBI Report
The RBI attributed the year-on-year (YoY) rise in the CAD to an increase in the merchandise trade gap, which swelled to $65.1 billion in Q1 FY25 compared to $56.7 billion in the corresponding period a year ago.
Cisco Opens First Manufacturing Facility in Chennai to Boost Local Production; Envisions to Create 1,200 Jobs
The inauguration of the Chennai unit was a high-profile event, attended by the Union Minister of Communications and Minister of Development of North Eastern Region, Jyotiraditya Scindia, Cisco CEO Chuck Robbins and Cisco India President Daisy Chittilapilly.
Karnataka Sets Ambitious Goal to Double Global Capability Centres by 2029; Aims to Create 3,50,000 New Jobs by 2029
The government is keen to expand beyond Bengaluru, promoting cities such as Mangaluru, Mysuru, and Tumakuru as attractive alternatives for foreign companies to set up operations.
NEDFi Reports Strong Financial Growth in FY 2023-24, Net Profit Surges by 25.25%
One of the key highlights was the growth in sanctions, which increased to INR 846.37 crore from INR 798.03 crore in the previous year.
Zomato Co-Founder Akriti Chopra Resigns After 13 Long Years of Service
Akriti joined Zomato as a senior manager of finance & operations back in November of 2011. Since then, there was no looking back for her.
India's Aviation Sector Set to Soar with Three New Airlines
The new airlines have already received their No Objection Certificates (NOC) from the Civil Aviation Ministry
Zaggle Invests INR 48 Crore in Strategic Acquisitions to Strengthen FinTech Offering
Zaggle Prepaid Ocean Services Limited has announced two major acquisitions as part of its strategic expansion. The company has invested a total of INR 48 crore to acquire stakes in two key players
India's Economy Set to Grow by 7% in 2024-25, Boosted by Strong Industrial and Service Sectors: ADB Report
The central government's debt is expected to decrease from 58.2 per cent of GDP in FY 2023-24 to 56.8 per cent by FY 2024-25, while the general government deficit, including state governments, is predicted to fall below 8 per cent of GDP
India Eyes $100 Billion in Annual FDI Inflows Amid "Make in India" Push
Over the last ten years, India has attracted $667.4 billion in foreign investments, a marked increase from the $304.1 billion recorded in the previous decade (2004-2014)
Hyundai Motor India Receives SEBI Nod for $3 Billion IPO, Set to be India's Largest
Hyundai has maintained a consistent market share between 15 per cent and 17 per cent since 2008, reinforcing its position as the second-largest automaker in India.