Lenskart is moving closer to its much-anticipated stock market debut, with shareholders formally approving its initial public offering plans at the company’s annual general meeting held on Saturday. The omnichannel eyewear firm plans to raise Rs 2,150 crore ($250 million) as part of the public issue, which could reach up to $1 billion in total…
Suresh Narayanan, who steered Nestlé India through the most challenging “existential” Maggi crisis, will retire on July 31 after a decade at the helm—a satisfied man. That sense of satisfaction stems from leaving the packaged food major in significantly better shape, with revenue growing at 10 per cent CAGR, profit after tax rising nearly six…
The National Capital Region Transport Corporation (NCRTC) has started procuring electricity through the power exchange for its Receiving Sub-Station (RSS) in Ghaziabad, in a bid to reduce operational expenses and push green energy adoption.The Ghaziabad RSS serves as the interconnection point between the Namo Bharat corridor and the national power grid. According to an official…
Donald Trump trade deals (AI image) US-EU trade deal: US President Donald Trump has begun trade deal talks with European Union chief Ursula von der Leyen in Scotland. Ahead of the talks, Trump spoke of the likelihood of a trade deal saying, “..probably will know in an hour.”Trump and Ursula von der Leyen are looking…
Citigroup has entered the competitive luxury credit card market with the launch of its new Strata Elite Card, aiming to lure premium customers away from rivals like American Express’ Platinum Card and JPMorgan Chase’s Sapphire Reserve.The Strata Elite, launched at an annual fee of $595, undercuts the Platinum and Sapphire Reserve cards, which charge $695…
Gold prices are likely to remain in a consolidation phase over the coming week, as investors await critical central bank policy decisions and developments on global trade negotiations, analysts said.The upcoming US Federal Open Market Committee (FOMC) meeting, the Bank of Japan’s rate decision, and the approaching August 1 deadline for US tariff negotiations are…
In the last few weeks, the US has sealed trade deals with several countries. (AI image) US President Donald Trump’s reciprocal tariff deadline for August 1, 2025 will not be extended, Commerce Secretary Howard Lutnick has said. According to an AFP report, Lutnick said that the new set of tariffs will hit countries effective August…
India’s top IT services companies closed the first quarter of FY26 with modest single-digit revenue growth, reflecting the impact of global macroeconomic uncertainty, geopolitical instability, and sluggish client decision-making. Despite a cautious outlook, industry leaders pointed to emerging opportunities in artificial intelligence, vendor consolidation, and cost optimisation.An overview of the Q1 performance reveals year-on-year revenue…
A consortium led by Multiples Alternate Asset Management has approached the Competition Commission of India (CCI) seeking approval to acquire a 32% stake in luggage maker VIP Industries, according to a notice filed with the regulator.The application follows the July 13 announcement that VIP Industries’ promoters — Dilip Piramal and family — will sell up…
India’s IPO market is gearing up for a busy week starting Monday, with 14 companies, across both mainboard and SME platforms and set to launch their initial public offerings. Together, these firms aim to raise more than Rs 7,000 crore.NSDL: Leading the pack is National Securities Depository Ltd (NSDL), which will open its Rs 4,012…