Bengaluru-based Groww, now the largest stock broking firm in India by active investors, has just reported an impressive financial performance for the fiscal year ending March 2024. The company’s revenue more than doubled to ₹2,900 crore, up from ₹1,295 crore in the previous year. Its net profit also saw a significant leap, soaring to ₹298 crore from just ₹73 crore in FY23.
This growth…
LG Electronics Inc. is contemplating an initial public offering (IPO) for its India business as part of its strategy to achieve a $75 billion revenue target by 2030. This marks the first time the South Korean company, which competes with industry giant Samsung Electronics Co., has publicly discussed the possibility of listing its Indian operations.
CEO William Cho revealed that an Indian market…
Small and Medium Enterprises (SMEs) are increasingly leveraging capital markets for funding, with a reported 780 SMEs listed on the NSE and BSE as of June 2023. These companies have collectively raised approximately ₹11,000 crore. Shekhar Chaudhary, director of the financial markets division at the Department of Economic Affairs, shared these insights at the 10th edition of the CII (East)…
