According to data from the Centre for Monitoring Indian Economy (CMIE), profit after tax (PAT) as a percentage of capital employed rose to 10.47% in September, up from 8.41% a year earlier. This is the highest level recorded since March 2010. The data covers 3,307 non financial companies, where capital employed includes both equity and borrowed funds. Another key metric, profit relative to net worth, climbed to 15.66%, also the strongest reading in over a decade, indicating improved returns for shareholders. Market experts attribute the trend to operational resilience. Independent analyst Deepak Jasani said companies protected margins during periods of…
Author: Adarsh Kumar
Nepal is likely to soon permit the use of Indian currency notes above ₹100, a move expected to significantly ease cross-border travel and economic activity between the two neighbouring countries. The development comes nearly a decade after Nepal restricted the circulation of high-denomination Indian notes. According to local media reports, the Nepal Rastra Bank (NRB)—the country’s central bank is in the final stages of implementing the change. Guru Prasad Poudel, spokesperson for the NRB, said the regulator is preparing to publish an official notice in the Nepal Gazette, after which circulars will be issued to banks and financial institutions outlining…
Logistics and shipping platform Shiprocket, backed by Bertelsmann, Temasek, Tribe Capital and Eternal, has filed an updated Draft Red Herring Prospectus (UDRHP) with SEBI to raise ₹2,342.3 crore through an initial public offering (IPO). As per the filing dated December 12, the IPO will consist of a fresh issue worth ₹1,100 crore and an offer-for-sale (OFS) of ₹1,242.3 crore by existing shareholders. Key investors participating in the OFS include Bertelsmann, Tribe Capital, Lightrock, Arvind, Gautam Kapoor, Saahil Goel, and Vishesh Khurana. Shiprocket may also undertake a pre-IPO placement of up to ₹220 crore, which will be part of the fresh…
In India’s fast-evolving startup ecosystem, attention often centres on consumer apps and artificial intelligence-led platforms. However, a quieter set of startups—commonly described as “boring businesses”—is increasingly emerging as a strong engine of sustainable growth. These startups operate in areas such as enterprise software, logistics, compliance technology, industrial automation, fintech infrastructure and supply chain management. While they rarely generate viral buzz, they address essential business problems and offer services that companies depend on daily. What sets these startups apart is their predictable revenue model. Unlike consumer platforms that rely on aggressive marketing spends, enterprise-focused startups grow through long-term contracts, repeat clients…
NCR-based real estate developer Bhumika Group has announced plans to invest ₹700 crore in a large-scale mixed-use development in Faridabad, Haryana, reinforcing growing confidence in the city’s real estate potential. The project is expected to generate an estimated sales realisation of around ₹1,500 crore, according to company officials. Spread across approximately five acres, the development will feature 88 premium, low-density residential units configured as 3BHK plus study, along with dedicated staff accommodation. The residential component will be complemented by high-end luxury retail, entertainment facilities including a gaming zone, and multiple premium dining options, creating an integrated lifestyle destination. As per…
The Government of India has infused more than ₹3,100 crore into women-led startups over the past six years, underscoring its growing focus on promoting female entrepreneurship and innovation. The funding has been channelled through three flagship initiatives the Fund of Funds for Startups (FFS), the Startup India Seed Fund Scheme (SISFS), and the Credit Guarantee Scheme for Startups (CGSS) according to data shared by the Ministry of Commerce and Industry. Union Commerce and Industry Minister Piyush Goyal highlighted that India is now home to over two lakh government-recognised startups, with nearly 48% having at least one woman founder, director, or…
Elon Musk’s SpaceX has reached a fresh milestone, setting an estimated valuation of $800 billion through a new insider share sale, as the company prepares for what could become the largest initial public offering in history. The development signals growing investor confidence in the private space giant’s long term ambitions across launch services, satellite internet, and deep-space exploration. According to internal communications shared with shareholders, SpaceX is laying the groundwork for a possible IPO in 2026. The public listing would primarily be aimed at funding an aggressive expansion strategy, including a rapid launch cadence for its next-generation Starship rocket, investments…
Intel may once again find itself at the center of geopolitical and national security concerns, as reports suggest the US chipmaker tested semiconductor manufacturing tools linked to a company with sanctioned China-based units. According to Reuters, Intel evaluated chipmaking equipment in 2025 from ACM Research, a US-based supplier whose overseas subsidiaries have previously been targeted by US sanctions. The tools in question are wet-etch systems, critical for removing material from silicon wafers during semiconductor production. Sources cited by Reuters say Intel assessed these tools for compatibility with its highly anticipated 14A manufacturing process, expected to launch in 2027. The 14A…
India’s largest airline, IndiGo has estimated a compensation payout exceeding ₹500 crore following widespread flight cancellations that disrupted travel for tens of thousands of passengers last week. The cancellations, which affected around 4,500 flights, were primarily caused by inadequate pilot roster planning amid the implementation of new duty and rest regulations. According to the airline, the payout will cover customers whose flights were cancelled within 24 hours of departure, as well as passengers who were severely stranded at airports between December 3 and December 5. IndiGo said it is currently identifying the affected flights and passengers to ensure timely compensation.…
Zerodha was founded in 2010 by brothers Nithin and Nikhil Kamath, who wanted to fix a major problem in India’s stock market: high brokerage fees and complicated trading platforms. At a time when investing felt out of reach for young Indians, the Kamath brothers dreamt of making stock trading simple, affordable, and accessible to everyone. With no external funding, no big marketing budget, and no glamorous offices, they launched Zerodha with a bold promise zero brokerage on equity delivery and the lowest charges for traders. This simple idea began a quiet revolution in India’s financial landscape. Innovation, Technology & Building…