Maruti Suzuki finds digital highway ideal for smooth drive

Maruti is not an online outlier, of course; other heavyweights have rolled out similar services. But as an analyst pointed out, Maruti’s all-India roll-out has significant impact given that it accounts for over half of all cars sold, reports, reports Pavan Lall. A digital financial services platform that the country’s largest car-maker Maruti Suzuki started […]

Maruti Suzuki finds digital highway ideal for smooth drive

Maruti is not an online outlier, of course; other heavyweights have rolled out similar services. But as an analyst pointed out, Maruti’s all-India roll-out has significant impact given that it accounts for over half of all cars sold, reports, reports Pavan Lall. A digital financial services platform that the country’s largest car-maker Maruti Suzuki started […]

How RBI’s tough rules impact audit companies

The central bank’s tough new rules spell major changes in the competitive landscape for financial services audits, reports Sudipto Dey. Irrespective of whether the Reserve Bank of India agrees to suggestions by large audit firms, banks and non-banking financial companies to defer and dilute some of its new audit rules, the competitive landscape for financial […]

Stock broking giant Zerodha’s FY21 profit more than doubles to Rs 1,000 cr

Zerodha will not raise external funds now or in the future, because it is profitable and has zero debt. India’s largest stock brokerage firm Zerodha’s profit more than doubled in the last financial year (FY21) to Rs 1,000 crore, co-founder Nithin Kamath said on Sunday. Zerodha’s profit in FY30, according to regulatory filings, was Rs […]

Vijay Mallya denied access to court-held funds

vVijay Mallya on Wednesday lost an appeal to gain further access to court-held funds to cover his costs for legal proceedings in India, as a high court judge in London concluded that the 65-year-old businessman had failed to provide sufficient evidence in support of the over 750,000 pounds being sought. During a remote hearing of […]

Amazon’s next CEO Andy Jassy’s India Plan

‘We look forward to providing great customer experiences in India.’Peerzada Abrar reports. Amazon.in was set up in India seven years ago, but the US-based company established its first centre 18 years ago in India in 2003 and incidentally it was focused on its technology arm Amazon Web Services. Amazon Web Services chief Andy Jassy travelled […]

Is Zomato’s Deepinder Goyal up for a challenge?

With scrutiny that comes with a public listing, Deepinder Goyal’s leadership could face its sternest test yet, report Peerzada Abrar and Neha Alawadhi. For the past many days, Deepinder Goyal, 38, co-founder and CEO of India’s first food delivery company Zomato, has been leading several initiatives for COVID-19 emergency support. Under the ‘India Needs Oxygen’ […]

‘Taming the virus is like fighting a war; all have to pitch in’

Sanjiv Mehta, chairman and managing director, Hindustan Unilever, the country’s largest consumer goods company, says that while the June quarter will not be as bad as last year, it could change as the COVID-19 situation evolves. “I remain optimistic that 2021 will be better than 2020 because we have visibility of vaccinations this year,” Mehta […]

Modi-Johnson virtual summit brings pound 1 bn worth of deals

Britain has finalised 1 billion pounds worth of new trade and investment with India, creating over 6,500 jobs in the UK, to be signed off at a virtual summit between Prime Minister Boris Johnson and his Indian counterpart Narendra Modi on Tuesday. The investments confirmed by Downing Street on Monday evening form part of an […]

Change in tax structure prompted India Inc to favour buybacks again in FY21

In 2020-21, Indian firms offered to buy back shares worth Rs 39,295 crore, or 97% more than Rs 19,972 cr proposed in the previous financial year. Share buybacks have made a strong comeback as tax considerations have once again made India Inc favour the route to reward their shareholders. In 2020-21, India Inc offered to […]