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Work-Life Balance Debate in Corporate India: Capgemini CEO Advocates for a 47.5-Hour Workweek

27Feb

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Business & Finance, News

Work-Life Balance Debate in Corporate India: Capgemini CEO Advocates for a 47.5-Hour Workweek

Capgemini CEO Ashwin Yardi supports a 47.5-hour workweek, opposing the 70- and 90-hour workweek proposals. Yardi discourages weekend work emails to reduce unnecessary stress. Younger workforce expectations are shaping corporate policies. Nasscom chairperson and Marico CEO emphasize results over work hours. Capgemini introduces structured career paths, quarterly promotions, and frequent employee surveys. Key Highlights:Work-Life Balance at the Forefront of Corporate Discussions:Challenging Weekend Work Culture:Contrasting Views from Industry Leaders:Adapting to a Younger Workforce:A Balanced Approach to Work Hours: Work-Life Balance at the Forefront of Corporate Discussions: The debate on work-life balance in corporate India has intensified after influential business le...

Mahindra & Mahindra Share Price Falls 6% Amid Rights Issue Plans and Market Caution

21Feb

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Business & Finance, News

Mahindra & Mahindra Share Price Falls 6% Amid Rights Issue Plans and Market Caution

M&M shares fell 6% in intraday trade on February 21 to Rs 2,666.45, the biggest intraday drop in seven months. The stock has declined 17% in two months from its February 7 peak of Rs 3,197.75.M&M’s board approved subscribing to rights issues of MMFSL (up to Rs 3,000 crore) and MLDL (up to Rs 1,500 crore). Despite a strong 45% gain in the past year, market caution over the PV segment in FY26 has impacted investor sentiment. Analysts expect the SUV market to outperform, while mass-segment vehicle sales may remain sluggish. Key Highlights:M&M Stock Sees Steepest Intraday Fall in Seven Months:Rights Issue Plans Weigh on Market Sentiment:Market Outlook and Industry Challenges:Long-Term Growth Prospects for M&M: M&M Stock Sees Steepest Intraday Fall in Seven Mon...

JSW Energy Share Price Surges 3.3% After Morgan Stanley Sets Rs 545 Target

21Feb

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Business & Finance, News

JSW Energy Share Price Surges 3.3% After Morgan Stanley Sets Rs 545 Target

JSW Energy share price increased 3.3% to Rs 484 on February 21, continuing its four-day rally. Morgan Stanley maintained an ‘overweight’ rating with a price target of Rs 545, indicating a 16.5% upside. Despite the recent surge, JSW Energy stock has declined 27% since the start of 2025. The company is expanding its thermal and renewable energy business, with a projected 24% EBITDA CAGR over FY24–28. Q3 FY25 net profit dropped 27% year-over-year due to lower revenue from thermal and hydroelectric facilities. Key Highlights:Morgan Stanley’s Optimism Drives JSW Energy Stock Rally:Analysts Back JSW Energy’s Strong Market Position:Q3 FY25 Earnings: Profit Decline Due to Lower Thermal and Hydro RevenueStock Performance and Outlook: Morgan Stanley’s Optimism Drives JSW Energy Stock R...

OKX Secures MiCA License, Expanding Regulated Crypto Services Across Europe

20Feb

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Business & Finance, News

OKX Secures MiCA License, Expanding Regulated Crypto Services Across Europe

OKX becomes one of the first cryptocurrency exchanges to obtain the MiCA (Markets in Crypto-Assets) authorization. The license enables OKX to provide regulated services to over 400 million users across 28 EEA countries. OKX now offers over 240 cryptocurrencies, spot trading, OTC dealing, and bot trading, along with local payment options. The MiCA license grants OKX passporting rights, allowing seamless expansion within the EEA.OKX’s European headquarters in Malta will enhance user experience with local language and currency support. The company successfully obtained the license on January 27, 2025, following a rigorous regulatory process. This achievement solidifies OKX’s role as a global leader in secure and compliant cryptocurrency services. Key Highlights:OKX Secures MiCA Authori...

Over-Financialization in India: Uday Kotak Warns of Economic Risks and Calls for Structural Reforms

20Feb

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Business & Finance, News

Over-Financialization in India: Uday Kotak Warns of Economic Risks and Calls for Structural Reforms

Over-financialization could destabilize India's economy as investors struggle to comprehend valuations. Economic Survey 2024-25 highlights rising debt levels in industrialized nations due to excessive financialization. Kotak advocates for free and fair markets while warning against overregulation and micromanagement. Protectionism must be avoided, and India must enhance productivity and manufacturing competitiveness. The next generation of business leaders must focus on entrepreneurship rather than investment management. Key Highlights:Over-Financialization and Its Economic Risks:Shifting from Overregulation to Growth and Competition:Trade Deficit, Protectionism, and Global Competition:The Impact of Global Tariffs on Indian Competitiveness:Union Budget’s Tax Rebate and Financial Sec...

JBM Auto Shares Surge 19% After Rs 5,500-Crore e-Bus Order Under PM eBus Sewa Scheme

20Feb

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Business & Finance, Auto And Vehicles, News

JBM Auto Shares Surge 19% After Rs 5,500-Crore e-Bus Order Under PM eBus Sewa Scheme

JBM Auto shares soared by 19% on Wednesday after its subsidiary, JBM Ecolife Mobility, secured a Rs 5,500-crore order under the PM eBus Sewa Scheme-II. The company will be responsible for the procurement, supply, operation, and maintenance of 1,021 electric buses in Gujarat, Maharashtra, and Haryana. This significant order strengthens JBM Auto’s electric mobility business, aligning with the company's Net Zero 2040 goal while expanding its order book to over 11,000 electric buses. Key Highlights:JBM Auto Bags Rs 5,500-Crore e-Bus Order Under PM eBus Sewa Scheme:JBM Auto Strengthens EV Leadership with Massive Order: JBM Auto Bags Rs 5,500-Crore e-Bus Order Under PM eBus Sewa Scheme: In a significant boost to India’s electric vehicle (EV) sector, JBM Ecolife Mobility, ...

Adani Group Stocks Plunge as SEC Seeks India’s Help in Bribery Investigation

19Feb

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Business & Finance, News

Adani Group Stocks Plunge as SEC Seeks India’s Help in Bribery Investigation

Adani Group stocks took a sharp hit in early trading on Wednesday, following reports that the US Securities and Exchange Commission (SEC) has sought assistance from Indian authorities in its investigation into Gautam Adani and his nephew, Sagar Adani. The probe, linked to alleged securities fraud and a ₹2,300 crore bribery scheme, triggered panic selling among investors, sending Adani Enterprises down by 4.3% at market opening. The SEC informed a US district court on Tuesday that it was working with India's Ministry of Law and Justice to facilitate legal proceedings against the Adanis. This revelation fueled fresh concerns among investors, leading to a broad-based decline across all Adani Group stocks. Key Highlights:Adani Group Stocks Take a Hit:What Is the SEC Investigating?Inv...

Is Jack Dorsey the Mysterious Bitcoin Creator? Viral Theory Sparks Debate

19Feb

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Business & Finance, News

Is Jack Dorsey the Mysterious Bitcoin Creator? Viral Theory Sparks Debate

A viral theory circulating on social media claims that Jack Dorsey, the former CEO of Twitter and Square (now Block), is the real Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The theory, put forward by Sean Murray, editor-in-chief of deBanked, suggests that multiple pieces of evidence—ranging from Dorsey’s early interest in cryptography to suspiciously aligned timestamps—point toward him being the mastermind behind Bitcoin’s creation. Key Highlights:The Evidence: Does It Really Add Up?Debunking the Theory: The BitMEX Research ResponseDorsey’s Busy Timeline: Another Contradiction?Is Jack Dorsey Really Satoshi Nakamoto? The Evidence: Does It Really Add Up? 1. Dorsey’s Background in Cryptography & Cypherpunk Culture According to Sean Murray, Dorsey was...

LIC Launches Smart Pension Plan with Multiple Annuity Options

19Feb

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Business & Finance, News

LIC Launches Smart Pension Plan with Multiple Annuity Options

The Life Insurance Corporation of India (LIC) has unveiled a single-premium Smart Pension Plan designed to provide financial security post-retirement. The new non-participating, non-linked annuity plan offers multiple annuity options for both single-life and joint-life annuities, catering to the diverse needs of policyholders. The plan was officially launched by Financial Services Secretary M Nagaraju and LIC Chairman and MD Siddhartha Mohanty in the presence of senior finance ministry officials. Key Highlights:Understanding LIC Smart Pension Plan’s Features:Why Choose LIC Smart Pension Plan? Understanding LIC Smart Pension Plan’s Features: 1. Multiple Annuity Options for Financial Security: The LIC Smart Pension Plan allows policyholders to choose from various a...

ABB India Share Price Surges Over 5% After Strong Q4 Results and Dividend Announcement

18Feb

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Business & Finance, News

ABB India Share Price Surges Over 5% After Strong Q4 Results and Dividend Announcement

ABB India share price surged over 5% on February 18, 2025. The company reported a 54% YoY increase in net profit for the December 2024 quarter. ABB India's board recommended a ₹33.50 per share dividend in addition to a ₹10.66 interim dividend. Revenue rose to ₹3,365 crore from ₹2,757 crore in the same period last year. The stock has gained 17.33% in one year and 156.61% in three years, delivering a multibagger return. ABB India's market capitalization stands at ₹28,314.93 crore. Sensex and Nifty declined due to foreign fund withdrawals. Key Highlights:ABB India Share Price Soars on Strong Q4 Results:ABB India Q4 Results: Net Profit Jumps 54% YoYABB India Dividend Announcement Boosts Investor Sentiment:ABB India Stock Performance: A Multibagger in Three YearsMarket Reaction: Sensex &...

Zen Technologies Share Price Drops 17% After Q3 Earnings Report, Despite Revenue Growth

17Feb

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Business & Finance, News

Zen Technologies Share Price Drops 17% After Q3 Earnings Report, Despite Revenue Growth

While Zen Technologies’ share price fell 17% following its Q3 earnings, the company remains financially strong, with robust YoY revenue growth and a ₹816.91 crore order book. The strategic investments in Vector Technics and Bhairav Robotics reinforce Zen's commitment to defense robotics and UAV technology, setting the stage for long-term expansion. Key Highlights:Zen Technologies Share Price Plunges Over 17% Amid Profit Decline:Q3FY25 Financial Performance: Growth vs. DeclineManagement’s Outlook: Confidence Despite Market ReactionStrategic Investments in Defense Robotics & UAV Technology:Market Reaction: Why Did Zen Technologies' Stock Drop? Zen Technologies Share Price Plunges Over 17% Amid Profit Decline: Shares of Zen Technologies Ltd. tumbled 17.62% to ₹1,111.3...

Quality Power Electrical Equipments IPO Subscribed 62% on Day 1: Strong Demand from Investors

17Feb

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Business & Finance, News

Quality Power Electrical Equipments IPO Subscribed 62% on Day 1: Strong Demand from Investors

The Quality Power Electrical Equipments IPO has started on a strong note, with 62% subscription on Day 1 and high investor interest, particularly from non-institutional investors (82%). With a ₹859 crore IPO size, competitive pricing at ₹401-425 per share, and strong anchor investor backing, the IPO is expected to be fully subscribed before closing on February 18. Key Highlights:Strong First-Day Response for Quality Power Electrical Equipments IPO:IPO Details: Offer-for-Sale and Fresh Issue BreakdownAnchor Investors Infuse ₹386 Crore:Promoter Stake Sale & Lead Manager:Company Overview: Focus on Energy Transmission SystemsInvestor Outlook: What to Expect Before IPO Closure Strong First-Day Response for Quality Power Electrical Equipments IPO: The Quality Power Electrica...

SN Subrahmanyan Controversy: Chairman of Larsen & Toubro Sparks Debate on Labor Migration and Work-Life Balance

12Feb

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Business & Finance, News

SN Subrahmanyan Controversy: Chairman of Larsen & Toubro Sparks Debate on Labor Migration and Work-Life Balance

SN Subrahmanyan, the chairman of Larsen & Toubro (L&T), finds himself embroiled in yet another controversy. This time, the debate revolves around worker migration issues and the impact of government welfare schemes on labor availability. These comments follow his previous statement advocating for a 90-hour workweek, which drew criticism from business leaders and sparked a national discussion on work-life balance. During the CII Mystic South Global Linkages Summit 2025 in Chennai, Mr. Subrahmanyan pointed out that labor migration challenges are affecting India’s construction sector. He attributed the reluctance of workers to relocate to government programs such as MGNREGA, direct benefit transfers, and JAN DHAN accounts. Key Highlights:Labor Migration Challenges: Impact of...

Air Chief Marshal Amar Preet Singh Criticizes HAL Over Tejas Delay: Calls for Urgent Reforms

12Feb

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Business & Finance, News

Air Chief Marshal Amar Preet Singh Criticizes HAL Over Tejas Delay: Calls for Urgent Reforms

Air Chief Marshal Amar Preet Singh, the Chief of the Indian Air Force (IAF), recently expressed his dissatisfaction with Hindustan Aeronautics Limited (HAL) over the delay in the delivery of Light Combat Aircraft (LCA) Tejas Mk1A. In a video that went viral on Tuesday, the Air Chief Marshal was candid about the IAF’s frustrations, urging HAL to address its shortcomings and adopt a more mission-oriented approach. His remarks have reignited the debate on the efficiency of India’s defense manufacturing sector and the persistent delays in critical projects like the Tejas Mk1A. Key Highlights:Air Chief Marshal’s Statement: Growing Concerns Over DelaysCall for Change and Urgency:HAL’s Response: Perspective on the Delays:IAF’s Optimism and Future Prospects: Air Chief Marshal’s St...

Ashok Leyland Q3FY25 Earnings: Highest-Ever Quarterly Profit of ₹762 Crore, Shares Surge 6%

12Feb

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Business & Finance, News

Ashok Leyland Q3FY25 Earnings: Highest-Ever Quarterly Profit of ₹762 Crore, Shares Surge 6%

Ashok Leyland, India’s leading commercial vehicle (CV) manufacturer, reported its highest-ever earnings for the third quarter of FY25 (October to December). The company achieved a record net profit of ₹762 crore, a 31% increase year-over-year, with revenue of ₹9,479 crore. Following the announcement, Ashok Leyland’s shares surged 6% on the BSE, reaching ₹216.25 during intraday trading on Wednesday. The company’s strong performance was driven by growth in export volumes, recovery in the Medium and Heavy Duty Commercial Vehicle (MHCV) market, and continued dominance in the bus segment. Key Highlights:Ashok Leyland’s Stock Surge on Record Earnings:Strong Q3FY25 Performance:Market Recovery and Growth Outlook:Brokerage Firm Ratings and Industry Insights: Ashok Leyland’s Stock S...

Hexaware Technologies IPO: Key Dates, Price Band, GMP, and Listing Details

10Feb

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Business & Finance, News

Hexaware Technologies IPO: Key Dates, Price Band, GMP, and Listing Details

Hexaware Technologies, a global leader in digital and technological services with an AI foundation, is set to launch its much-anticipated initial public offering (IPO). Supported by the US-based private equity firm Carlyle, the IPO will open for subscription on Wednesday, February 12, and close on Friday, February 14. The price band for the IPO has been set at ₹674 to ₹708 per equity share, with a face value of Re 1 per share. Key Highlights:Hexaware Technologies: Business OverviewIPO Details and Peer Comparison:Important Dates for Hexaware Technologies IPO:Grey Market Premium (GMP) and Expected Listing Price: Hexaware Technologies: Business Overview Hexaware Technologies is a global technology company that specializes in digital transformation and AI-driven solutions....