In a remarkable display of wealth and influence, Adar Poonawalla, the CEO of Serum Institute of India, has secured the title for the most expensive residential property sold in London in 2023. The mansion, purchased by Serum Life Sciences—the British division of the Poonawalla family—boasts a staggering value of ₹1,446 crore, outstripping even Mukesh Ambani’s renowned Stoke Park estate.
Overcoming cancer is a profound challenge that tests the limits of human resilience and determination. For Kanika Tekriwal, this personal battle became the catalyst for an extraordinary entrepreneurial journey. Today, Kanika stands as a remarkable example of how personal adversity can lead to monumental success. Her transformation from a cancer survivor to the owner of a ₹420 crore empire and 10…
Shares of Aadhar Housing Finance Limited, a company specializing in low-income housing finance, soared by 4.6% to ₹432 in Tuesday’s trading session. This surge follows the company’s announcement of a robust 37% year-on-year increase in net profits for Q1 FY24-25, reaching ₹200 crores.
At 10:49 AM, Aadhar Housing Finance shares were trading at ₹417.75, up 1.2% from the previous close of…
Urbanic, the fashion e-tailer, has launched a new brand called Savana by Urbanic, targeting the Gen-Z consumer market.
This strategic move aims to attract younger shoppers with a fresh and trend-driven fashion line. Savana by Urbanic is designed to cater to the evolving tastes and preferences of Gen-Z, focusing on style, affordability, and the latest trends.
In a related announcement, Malvern…
Samir Modi has been removed from the board of Godfrey Phillips India, according to a report by the Economic Times. The decision came after Modi failed to secure sufficient support for his reappointment bid during a board meeting on August 7.
Background of the Dispute
The controversy surrounding Modi’s directorial role escalated earlier this year when a Delhi court ruled in July that Modi could…
The New Shop, a burgeoning grocery convenience retail startup, is reportedly in advanced negotiations to acquire the 24Seven retail chain from Godfrey Phillips India (GPI). If finalized, this acquisition would see all existing 24Seven locations rebranded under The New Shop’s banner.
Acquisition Details
According to a recent report by The Economic Times, the acquisition talks are progressing, and…
Market Overview
The Indian stock market experienced a significant downturn today, with the Sensex dropping 400 points. Despite the overall negative sentiment, the market breadth remains positive, buoyed by gains in mid-cap and small-cap stocks.
Sanghvi Movers’ Significant Decline
Shares of Sanghvi Movers hit a six-month low, trading at Rs 800.10, reflecting a sharp decline of 10 percent in…
India’s economic landscape is significantly influenced by its family-owned enterprises, and a new report underscores their immense financial power. The ‘2024 Barclays Private Clients Hurun India Most Valuable Family Businesses’ report reveals that the top family businesses in India collectively hold a staggering valuation of Rs 6,009,100 crore (approximately $460 billion). This impressive…
In a historic move, Singapore’s DBS Group has named Tan Su Shan as its new Chief Executive Officer, effective March. This appointment is particularly significant as Tan will be the first female to lead DBS and the first to rise from within the ranks of the bank. She will succeed Piyush Gupta, who has been at the helm of Southeast Asia’s largest bank for the past 14 years, guiding it through a…
In a decision that now appears prescient in hindsight, Intel, once a leading force in the computer industry, opted against investing in OpenAI, a move that has contributed to the chip giant’s struggle to stay relevant in the rapidly evolving AI sector. The choice not to back OpenAI has had significant repercussions, especially as the field of artificial intelligence has surged forward, fueled by…
