 "Compass Group India aims to capture significant market share, planning to double its business in food services over the next three years.")
Compass Group India is rapidly expanding its food service business in India, aiming to double its operations every three years. The company, recently acquiring ICS Foods, is focusing on sectors like manufacturing, education, and healthcare. With a goal to serve over two million meals daily and grow its presence to 600 client locations by 2027, ...
 "Sebi probes investment banks for inflated IPO fees, revealing potential malpractices in India’s booming small business offerings.")
India’s securities regulator, SEBI, is investigating six investment banks over high fees related to small business IPOs, which are reportedly reaching 15% of funds raised—far above the typical 1-3% range. This investigation, which started earlier this year, aims to combat malpractice in a booming IPO Market. SEBI is concerned that these inflated fees encourage artificial ...
 "IIFL Finance, a key non-bank lender, regains RBI approval for gold loans, overcoming scrutiny to restore vital business operations.")
IIFL Finance, a leading non-bank lender, recently announced that the Reserve Bank of India (RBI) has lifted restrictions on its gold loan operations. These limitations were imposed in March 2024 due to concerns about the accuracy of gold evaluations and compliance with regulations. With the RBI’s decision now effective, IIFL Finance can resume its activities ...
Former Delhi Chief Minister Arvind Kejriwal is preparing to vacate his official residence in Civil Lines this week, following his recent resignation and release from Tihar Jail on bail related to the excise policy scam. AAP MP Sanjay Singh confirmed that despite concerns for his security, Kejriwal has chosen to live among the people and ...
 "Infosys’ Cobalt platform propels AI adoption, transforming business models, as executives anticipate a surge in GenAI demand.")
Infosys, India’s second-largest IT services provider, is successfully leveraging its Cobalt platform to enhance artificial intelligence (AI) and generative AI (GenAI) initiatives. Launched four years ago, Cobalt helps clients transition to cloud-led digital transformations. Anant Adya, executive vice president at Infosys, explained that Cobalt now supports “grow, disrupt, and transform” projects, shifting from traditional IT ...
 "Delhivery accuses Ecom Express of misrepresenting business metrics in their IPO prospectus, igniting a fierce rivalry in logistics.")
Delhivery, a logistics company backed by SoftBank, has accused its competitor Ecom Express of wrongly representing business metrics in its draft IPO documents. The dispute centers on shipment volumes and other financial figures, with Delhivery claiming Ecom Express has misclassified shipments by double-counting some returns. For instance, while Ecom Express reported 514.41 million shipments, Delhivery ...
 "Sebi’s new rules ease margin trading, allowing cash collateral as maintenance margin, enhancing business efficiency and reporting requirements.")
The Securities and Exchange Board of India (Sebi) has introduced new guidelines to ease margin trading for investors. Now, securities funded with cash collateral can qualify as a maintenance margin for the margin trading facility (MTF). This change aims to reduce the need for additional collateral. Sebi received requests from Market participants to modify the ...
 "Air India Express plans to eliminate business class seats by 2025 amidst a major fleet expansion and operational restructuring.")
Air India Express is planning to phase out business class seats from its aircraft by 2025. This decision comes as the airline, part of the Tata Group, prepares to merge AIX Connect with itself next month. Currently, Air India Express operates a fleet of 85 aircraft, which is expected to grow to around 100 by ...
 "IndiGo Airlines aims for global dominance by 2030, expanding routes and cargo capabilities, while launching a business class by 2025.")
IndiGo Airlines is planning significant international expansion and improvements in its cargo operations to become a major global player by 2030. CEO Pieter Elbers announced the goal to double the number of international destinations to 40 by March 2025, targeting new markets for Indian travelers. The airline will also launch its business class offering, called ...
 "Shriram Finance plans to raise billion for business growth, anticipating a 15-16% loan increase this financial year.")
Y S Chakravarti, the MD and CEO of Shriram Finance, announced that the company plans to raise $1 billion (around Rs 8,300 crore) in the next six months to support its growth. This includes an initial $300 million targeted for October, with the remainder to follow as Market conditions allow. While Shriram Finance intends to ...
