During the company’s January-March quarter earnings, Eternal’s chief financial officer Akshant Goyal had said that assuming Blinkit owned 100% of inventory in fiscal 2025, it would have ended up deploying less than Rs 1,000 crore in working capital. This accounts…
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InGovern Research urged Care Health Insurance Ltd (CHIL) to disclose details surrounding Rashmi Saluja’s ESOPs, citing governance lapses and regulatory breaches. The firm called for transparency on correspondence with IRDAI, legal opinions, and conflict of interest management. Pratap Venugopal denies…
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Flipkart Esop buyback: Flipkart has completed a $50 million employee stock buyback, offering liquidity to around 7,000–7,500 staff at a time when the Walmart-owned ecommerce giant is looking to go public. The etailer is currently valued at about $35 billion,…
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A preliminary report on the Air India Boeing 787-8 crash is out. The report reveals a previous crew logged a stabilizer sensor defect. An engineer cleared the aircraft after troubleshooting. During the flight, engine fuel cutoff switches activated. Pilots reported…
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The Centre has provided a five-year extension for tax exemptions. Sovereign wealth funds and pension funds can now claim benefits on eligible investments in India until March 31, 2030. The Department of Revenue has formalized this extension. This move aims…
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A preliminary report by the AAIB reveals that Air India flight AI 171, en route from Ahmedabad to London Gatwick, tragically crashed shortly after takeoff, killing 241 people. The investigation indicates that engine fuel control switches were briefly turned off…
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