Vedanta Limited anticipates finalizing its business demerger by September. The demerger will lead to the creation of separate entities for its various business segments. Earlier, Vedanta revised its demerger plan to retain its base metal operations. Anil Agarwal stated that…
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Comptroller and Auditor General, Sanjay Murthy, convened a strategy meet. Senior officials discussed improving audit quality and ethics. The focus was on stakeholder engagement and audit practice synergies. Experts from IIT Delhi and Madras showcased Large Language Models. GIS mapping…
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Indian companies are gearing up to release their Q4 earnings, with Adani Enterprises and Adani Ports among the key names. All eyes are on Eternal, formerly Zomato, which is expected to reveal strong revenue growth, fueled by Hyperpure and Blinkit.…
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Amid global economic uncertainties, central banks are increasing gold reserves for stability. The Reserve Bank of India significantly boosted its gold holdings, purchasing 57.5 tonnes in FY24-25 and repatriating 214 tonnes since 2022. This strategic move aims to hedge against…
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Credit demand at mainstream lenders slowed to 12% in FY25, down from 16% the previous year, influenced by regulatory curbs on retail and unsecured lending. While most sectors experienced a slowdown, loans to industry remained stable. Notably, lending against gold…
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Rakuten currently employs 4,000 people in India – 90% of whom are tech staff – and plans to recruit people who it considers “power users” of AI.
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