India Inc is witnessing a decisive shift toward professional management, with a sharp rise in the number of non-promoter chief executive officers earning million-dollar pay packages. Amid growing global uncertainty, Indian companies are increasingly relying on experienced professional CEOs to steer growth, manage complexity and meet global investor expectationsrewarding them with significantly higher compensation. The number of professional CEOs earning $1 million (over ₹8 crore) or more annually in BSE 200 companies has jumped nearly 71% over the past five years, rising to 145 in FY25 from 85 earlier, according to data from global executive search firm Stanton Chase shared…
Author: Adarsh Kumar
Mebigo Labs Pvt. Ltd., the operator of popular Indian audio platform Kuku FM, has appointed leading investment banks to manage a proposed initial public offering (IPO) that could raise up to $200 million, according to sources familiar with the matter. The development marks a major milestone for the Mumbai based startup as it prepares to enter public markets amid renewed interest in India’s consumer internet and digital media sector. The company has mandated Kotak Mahindra Capital Co., Axis Bank Ltd., and the Indian unit of Morgan Stanley as bankers for the share sale. While Mebigo Labs has not yet disclosed…
Walmart owned e-commerce major Flipkart has received approval from the National Company Law Tribunal (NCLT) to shift its holding company domicile from Singapore back to India, according to people familiar with the matter. The development marks a key milestone in the company’s preparations for a potential domestic initial public offering (IPO). The approval follows Flipkart’s disclosure earlier this year that it was working towards relocating its legal base to India to better align its corporate structure with its largely domestic operations and business footprint. At the time, the company said the move was aimed at simplifying its structure ahead of…
The December 15 deadline is a key compliance milestone for taxpayers, marking the third instalment of advance tax for the financial year 2025–26 (assessment year 2026–27). Any individual whose total tax liability for the year exceeds ₹10,000, after adjusting for tax deducted at source (TDS), is required to pay tax in advance. By December 15, taxpayers must have paid at least 75% of their total estimated tax liability for the financial year. “This instalment is critical. Missing the deadline automatically attracts interest under Section 234C of the Income-tax Act, even if the remaining tax is paid later while filing the…
The planned expansion of Kavach, India’s indigenous automatic train protection (ATP) system, is set to unlock a massive business opportunity of nearly ₹50,000 crore over the next six to seven years, as Indian Railways rolls out Phase-I of the programme across its network. Industry executives say the market potential could rise further as Indian firms eye overseas opportunities. Nova Control Tecnologix, a deeptech subsidiary of Etoe Transportation Infrastructure, has entered into a strategic partnership with Tata Elxsi to co-develop Kavach 4.0, the next generation version of the safety system. Senior executives from the two companies said the collaboration positions them…
The initial public offering (IPO) of ICICI Prudential Asset Management Company (AMC) continued to witness strong investor interest on Day 2, with the grey market premium (GMP) climbing to nearly 14%, signalling improving sentiment ahead of the stock’s market debut. Early subscription data indicates healthy participation across investor categories, supported by confidence in the company’s fundamentals and brand strength. Market participants said the rise in GMP reflects expectations of a reasonable listing gain, amid relatively stable broader market conditions. While grey market trends are unofficial and prone to volatility, they are widely tracked as a short-term indicator of investor appetite.…
The United States has unveiled a nine-nation strategic coalition to strengthen the global semiconductor and artificial intelligence (AI) supply chain, with India notably absent from the initiative. The alliance, dubbed “Pax Silica,” includes Japan, South Korea, Singapore, the Netherlands, the United Kingdom, Israel, the United Arab Emirates, and Australia, according to a statement from the US Department of State. The group aims to build a secure, resilient, and innovation-driven silicon ecosystem, spanning critical minerals, advanced chip manufacturing, AI infrastructure, and global logistics. “These countries host the most influential companies and investors driving the global AI supply chain,” the State Department…
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…
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…