Vinay Dube, Founder & CEO, Akasa Air, says given the small base, Akasa grew 300%, the previous financial year over 50%, this financial year. These kinds of numbers will continue for the next couple of years. The airline has ordered another 199 aircraft and with the existing fleet, there will be about 226 aircraft over … Read more
India’s BigBasket is planning to go public in the next 18 to 24 months, its CEO said, as the Tata Group-backed grocery giant seeks to tap surging demand for quick online deliveries of everything from fruits to Apple iPhones. The company is on track to double its business year-on-year by March 2026 and expand to … Read more
Singapore announced on Friday a set of measures to rejuvenate its equities market, including a 20% tax rebate for primary listings and a S$5 billion ($3.74 billion) program that focuses on investing in domestic stocks. The statement offers more details on measures Singapore’s equities market review group announced on February 13 to revive its stock … Read more
The DSP Mutual Fund recently introduced the DSP Nifty Private Bank Index Fund, an open-ended scheme that tracks the Nifty Private Bank Index. This fund offers investors a targeted approach to the private banking sector in India. The NFO will be available from February 14, 2025, to February 28, 2025. Investors have the option to … Read more
Rajesh Jejurikar, ED & CEO, Auto & Farm Sector, M&M, explains how M&M beat the industry on both SUV and tractor segments. In SUVs they have 23% revenue market share and in tractors, they have 44% market share. In SUVs, there have been five successful launches over the past five years. The first significant launch … Read more
Hiren Ved, Director & CIO, Alchemy Capital, says EMS is a rapidly growing field, reminiscent of the boom in IT services, with many companies thriving on abundant opportunities. In manufacturing, Dixon leads with a $2 billion valuation in the $70-80 billion power T&D and electronic manufacturing market, suggesting potential for several firms to reach $4-6 … Read more
Shares of brokerage firm Angel One today rallied 4.5% to their high of Rs 2,988 on the BSE after reporting an 11.3% year-on-year (YoY) increase in its Average Daily Turnover (ADTO) to Rs 40.05 lakh crore in the third quarter of FY 25. Considering Angel One’s ADTO based on option premium turnover, overall ADTO jumped … Read more
Sachin Gupta, Founder & CEO and Nithya Balasubramanian, CFO, IKS Health in talks with ET Now. Balasubramanian says IKS expects to do much better than the industry growth rate of 12%. In terms of margins as well, they hope to touch a steady state of around the early to mid-30s EBITDA margins. With the AQuity … Read more
“Also, in the current market context where we see that where there is some amount of weakness which is there, the large groups they are better placed to manage the slowdown because of the diversification of cash flows what they have from different businesses, they have a better control in terms of cash flows which … Read more
Anuj Kumar, Director & CEO, CAMS, says there has been some market correction and some flattening of the mood in the last two months. But as things come back, we should be holding our projections and FY25 should be one of the strongest years in the last five-six years in the history of the company. … Read more