In a significant move that has caught the attention of the financial markets, Tata Sons, the principal holding company of the Tata Group, has announced its decision to offload a 0.65% stake in Tata Consultancy Services (TCS), one of its crown jewels. This transaction, involving the sale of 23.4 million shares at a floor price…

In a significant corporate shift poised to influence the trajectory of one of the leading consumer goods companies in India, Procter & Gamble (P&G) India has announced the appointment of Kumar Venkatasubramanian as its new Chief Executive Officer (CEO). This pivotal transition, effective from May 1, 2024, marks a new chapter in the company’s leadership,…

Union Mutual Fund, a prominent joint venture between Union Bank of India and Dai-Ichi Life Holdings, has ushered in a new era with the appointment of Madhu Nair as its Chief Executive Officer (CEO). This strategic move marks a significant transition for the fund house, which has been under the stewardship of G Pradeepkumar since…

The Employees’ Provident Fund Organisation (EPFO) plays a pivotal role in the financial planning of millions of employees across India. Ensuring accurate information in the Universal Account Number (UAN) profiles is essential for seamless fund management and withdrawal processes. Recognizing this necessity, the EPFO has updated its standard operating procedure (SOP) to facilitate easier corrections…

In a significant move signalling the growing interest in India’s eldercare sector, Kites Senior Care, a pioneer in geriatric care services, has successfully secured Rs 45 crore in a Series A funding round. This round was led by Ranjan Pai, the Chairman of Manipal Education and Medical Group (MEMG), through his family office, marking a…

In the rapidly evolving financial landscape of India, Airtel Payments Bank has emerged as a key player, driving innovation and accessibility in banking services across the country. As the bank continues to expand its operations and strategic initiatives, leadership and expertise in financial management become crucial. In a significant move to bolster its executive team,…

In a remarkable downturn that gripped the financial markets on March 13th, the Adani Group, a conglomerate with a formidable presence in multiple sectors, witnessed a steep decline in its stock values. This event saw a significant erosion of the group’s market capitalization, raising concerns and eyebrows in equal measure. Also Read: Perfios Fund Raising: B2B…

In a significant boost to its growth ambitions and market expansion plans, Perfios, a leading business-to-business (B2B) Software as a Service (SaaS) fintech startup, has successfully raised $80 million in funding. This substantial investment comes from Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of the Ontario Teachers’ Pension Plan. This latest…

In a significant move that has caught the attention of both the edtech industry and business analysts, Byju’s, one of India’s unicorn startups, has vacated all of its office spaces across the country, retaining only its headquarters located at IBC Knowledge Park in Bengaluru. This decision marks a pivotal moment for the company as it…

In a significant development in India’s financial sector, Aditya Birla Capital has announced its board’s approval for a merger with its wholly-owned subsidiary, Aditya Birla Finance. This strategic decision is poised to reshape the landscape of financial services, aiming to create a unified, more robust entity capable of navigating the complexities of the market with…