Deepinder Goyal, the CEO of food delivery platform Zomato, has decided to forgo his annual salary of Rs 3.5 crore until the end of the financial year 2026. He owns a 4.18% stake in Zomato, which is currently valued at over Rs 10,000 crore, based on the company’s closing share price on November 25. ZOMATO’S MARKET PERFORMANCE Zomato has achieved …
The first wave of claims for India's automobile production incentives scheme barely touched ₹500 crore, an amount that may grow exponentially in the years ahead as the electric revolution unfolds and more products secure certification. The PLI scheme, which covers both automakers and component makers, was designed to stimulate production in advanced automotive and EV sectors by providing financial incentives …
Shares of Life Insurance Corporation of India were in the spotlight on Monday and ended the day with nearly a 1% rise after the state-owned insurance giant reported a 4% decline in net profit for Q2 FY25. They anticipate sustained growth despite the new surrender regulations, though they LIC’s stock saw a 2% rise, reaching Rs 933.30 on Monday, pushing …
JK Cement Ltd has lowered its FY25 volume growth guidance for grey cement from 10% to 6-7%. This will increase its total grey cement capacity from 24.34 mtpa at present to 30 mtpa by FY26, thus providing volume growth visibility. JK Cement has been consistently increasing its share of premium products and trade mix to push realisations, but faces stiff …
Finance Minister Nirmala Sitharaman has pegged fiscal deficit for the coming year 2021-22 at 6.8% of GDP and aims to bring it back below the 4.5% mark by 2025-26. The government also took the opportunity to bring the food subsidy bill back on the budget books, which includes a one time payment of more than ₹2 lakh crore to the …