Author: TI Editor
Shiv Nadar, who founded HCL Technologies Ltd., has executed gift deeds to transfer his 47% shareholdings in HCL Corp. and Vama Delhi to his daughter Roshni Nadar Malhotra.After the transfer, Malhotra will acquire control and become a majority shareholder of Vama Delhi and HCL Corp., HCL Infosystems said in an exchange filing late Friday. Malhotra will also acquire control over the voting rights in relation to the 12.94% stake held by Vama Delhi and 49.94% held by HCL Corp. in HCL Infosystems.“Gift deeds have been executed pursuant to a private family arrangement intended to streamline succession, which would ensure continuity…
One of the key pillars of wealth generation is compounding. This means a humble investment on a regular basis can lead to massive growth over a long period of time. Veteran wealth advisors tend to assert that it is not the timing of investment but the time period for which the investment remains locked which can lead to massive wealth creation.This happens because the investment made in the early few years reap dividends which are added to the principal. As the time rolls on, the return accrues on the increased sum which also includes dividend earned in the few years.…
Indian Artificial Intelligence (AI) startup Krutrim’s Chief Executive Officer (CEO) and Ola CEO Bhavish Aggarwal met Union Minister Ashwini Vaishnaw on March 7 to discuss the progress of the homegrown tech company, according to a social media post on the platform X on Saturday, March 8.“Exciting meeting yesterday with @AshwiniVaishnaw ji!” said Aggarwal in his post on the social media platform X. According to the social media post, the executive and the Union Minister discussed the progress of Krutrim 3 Large Language Models (LLMs), AI chips, and the “largest supercomputer in India.”“Shared updates on @Krutrim work across the stack – Krutrim…
Income Tax (I-T) department has released the latest list of banks which are mapped to e-Pay tax service at e-Filing Portal as you file your income tax return.The two banks which were lately added to the list are Tamilnad Mercantile Bank (included on March 5, 2025) and IDFC First Bank (added on Nov 27, 2024). Another bank which added to the list is Dhanlaxmi Bank on June 26, 2024.The other banks where tax payment is available at e-pay tax service at e-filing portal are Axis Bank, Bandhan Bank, Bank of Baroda, Bank of India, Bank of Maharashtra and Canara Bank.Other…
With two new showcases, Bengaluru-based electric motorcycle manufacturer Ultraviolette Automotive quite literally, sent shockwaves across not just the Indian but the global motorcycling landscape. A relatively young brand, Ultraviolette presently has one product on sale – the F77 electric motorcycle, that entered the European market in Q4 of CY2024 marking a pivotal step in its global expansion plans.The brand’s Co-founder and CEO Narayan Subramanyam took to the stage to announce not one but two products – the Tesseract electric scooter and a lightweight, budget-friendly electric-enduro motorcycle called the Shockwave – both of which will be production-ready in Q1 of 2026.…
When you are planning to open a fixed deposit, it is recommended to compare the interest rates offered by different banks so that you can choose the one which offers the highest one.Typically, a long tenure fixed deposit offers a higher interest rate. We list out the interest rates offered on 3-year term deposits by top 7 banks – both private and public sector. Meanwhile, it is important to note that a marginal difference of, say, 50 basis points in interest rates can lead to higher savings over a long period of time.For instance, if one bank offers 50 basis…
Modi, former executive director at tobacco major Godfrey Phillips India Ltd, part of Modi Enterprises—KK Modi Group, plans to launch home decor stores and expand his direct-selling venture, which he started in 1996. His cosmetics brand Colorbar is also undergoing a revamp. “I’m not concerned with the (inheritance) fight; that’s in the background. I’ve got businesses to run, people take care of,” Modi, founder and managing director of Modicare Ltd, said in an interview on Friday at the company’s office in New Delhi. In August last year, Modi was ousted from the tobacco maker’s board over his conduct during board meetings…
Around 10 public sector units did not fulfil the requirement for at least three months as of December, according to an analysis of 20 PSUs based on data sourced from the Nifty PSE Index and the National Stock Exchange (NSE). “A prevalent issue appears to be a systemic tardiness and operational inefficiencies within PSUs, who often defer to their respective ministries for clearances, leading to delayed approvals and potential appointments based on patronage rather than merit,” said Shriram Subramanian, founder and managing director of proxy advisory firm InGovern Research Services. The Companies Act mandates at least one woman director on…
Born in 1937 to a lower-middle-class family with no business pedigree, Gupta, who was called Bhaisahib by older employees and QRG by others, defied the odds in the India of the 1970s, where connections and inherited wealth often dictated success. His story rivals the bootstrapped triumphs of global icons such as Sam Walton of Walmart and Ingvar Kamprad of IKEA, yet remains distinctly Indian in its context and execution. At 21, QRG left for Delhi armed with little more than the will to succeed. He started working at an electrical goods shop in Bhagirath Palace, Delhi’s bustling wholesale market, learning…
Generic Engineering Construction & Projects Q3 Results 2025:Generic Engineering Construction & Projects declared their Q3 results on 06 Mar, 2025. The topline increased by 58.2% & the profit decreased by 27.2% YoY. Profit at ₹1.82 crore and revenue at ₹93.29 crore.As compared to the previous quarter, the revenue grew by 81.57% while the profit decreased by 15.35%. This fluctuation in profit has raised concerns among investors and analysts alike.The Selling, general & administrative expenses rose significantly by 25% quarter-on-quarter and increased by 108.86% year-on-year, indicating rising operational costs that are impacting profitability.Moreover, the operating income saw a decline of 7%…