 "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, ...
According to a recent report from the Reserve Bank of India’s September bulletin, non-banking financial companies (NBFCs) in the middle layer have the highest percentage of unsecured loans, holding 27.3% as of December 2023. This is closely followed by upper-layer NBFCs at 24.3%. Both categories saw a decrease in their respective shares from December 2022, ...
 "Gulf Oil International divests 4% stake in Gulf Oil Lubricants India for over Rs 263 crore, impacting share prices dramatically.")
Gulf Oil International Mauritius Inc. has successfully sold a 4 percent stake in Gulf Oil Lubricants India for over Rs 263 crore through open Market transactions. The sale involved approximately 1.95 million shares at an average price of Rs 1,351 each, lowering Gulf Oil International’s ownership from 71.76 percent to 67.8 percent. Notable buyers included ...
 "Accenture announces a billion share buyback as AI demand drives unexpected revenue growth, boosting shares nearly 7%.")
Accenture, the IT services giant, recently announced a significant $4.0 billion share buyback following impressive fourth-quarter revenue results. The company reported earnings of $16.41 billion, slightly beating analysts’ predictions. This growth was largely fueled by increased demand for generative artificial intelligence solutions, which continued to rise for the fourth consecutive quarter. Accenture’s new customer contracts ...
 "SpiceJet settles salary debts and faces operational turmoil, despite raising funds, while market share continues to plummet dramatically.")
SpiceJet, a low-cost airline in India, has cleared all pending salary dues for its employees after raising Rs 3,000 crore through a qualified institutional placement. However, it has recently faced significant financial challenges, including a decline in Market share from 5.6% in January 2023 to just 2.3% in August 2024. The airline owes Rs 3,700 ...
 "Nishant Pitti sells 14% stake in Easy Trip Planners, triggering a 15% share price drop amid significant market turbulence.")
Nishant Pitti, a co-founder of Easy Trip Planners, has sold a 14 percent stake in the company for Rs 920 crore through open Market transactions. The sale involved approximately 24.65 crore shares, with prices ranging from Rs 37.22 to Rs 38.28. Following this transaction, Pitti’s ownership in the company has decreased from 28.13 percent to ...
 "Syrma SGS Technology’s share price surged 7.3% after receiving a strong ‘IND A1+’ rating, signaling robust financial health and growth potential.")
Syrma SGS Technology’s share price saw a significant increase, rising 3.77% to Rs 456.85 on the BSE. Earlier in the day, it even hit an intraday high of Rs 472.5 after receiving an ‘IND A1+’ rating from India Ratings and Research for its Rs 110 crore Commercial Paper Program. This rating signifies strong safety for ...
 "SpiceJet secures Rs 3,736 crore funding to regain market share and restore its reputation amidst ongoing financial struggles.")
SpiceJet, the low-cost airline, has successfully raised Rs 3,000 crore through a Qualified Institutional Placement (QIP) from global investors to improve its efficiency and reliability. The airline also plans to receive an additional Rs 736 crore from past funding to bolster its financial stability and support growth initiatives. With this investment, SpiceJet aims to strengthen ...
SpiceJet Ltd. has successfully attracted bids worth $358 million for its share sale, drawing interest from notable investors such as Tata Mutual Fund and Authum Investment. This move comes as the airline, based in Gurugram near New Delhi, struggles with staff furloughs and delayed tax payments. The share sale, offered at a discounted price of ...
A recent working paper by the Economic Advisory Council to the Prime Minister highlights the impact of economic liberalization since the 1990s on various Indian states. Gujarat, Haryana, Karnataka, Tamil Nadu, and Delhi have seen significant increases in their share of the national GDP from 1990-91 to 2023-24. In contrast, Maharashtra’s GDP share declined from ...
