CORPORATE INDIA
Mcap of 7 of top-10 most valued firms surges by Rs 2.16 lakh cr; Reliance, Airtel biggest gainers
India's top companies saw a significant market valuation jump last week. Reliance Industries and Bharti Airtel led the surge, adding over Rs 2 lakh crore collectively. Seven of the top ten firms experienced growth. This optimistic trend reflects the positive movement in the equity markets. Investors witnessed substantial gains across several major corporations.
ASICS opens first company-owned store in India
Japanese sportswear giant ASICS has launched its inaugural company-owned and operated store in India, situated at DLF Mall of India, Noida. This new retail space offers an immersive experience across ASICS' diverse product categories. The move signifies ASICS' commitment to the Indian market, with plans to grow its store count to 200 by 2026.
India Inc thinks out of box for gift hampers this Diwali
Indian companies are upgrading Diwali gifts for employees. This year, expect wellness retreats, skill subscriptions and travel vouchers. Traditional dry fruits and chocolates are being replaced by curated hampers. Companies are spending more per gift, focusing on personalized, sustainable, and experiential options.
Bankruptcy court approves Future Supply Chain Solutions’ acquisition by Reliance Retail
Mumbai bankruptcy court approved Reliance Retail Ventures' resolution plan for Future Supply Chain Solutions. Secured lenders overwhelmingly backed the Rs 170 crore acquisition, paving the way for the logistics firm to join the Reliance group. This approval ensures continuity of existing licenses and authorizations for the company.
PhD in USA or Rs 17 lakh tech job in Bengaluru? IIT graduate in USA shares his dilemma and leaves netizens divided
An Indian professional in the US grapples with a significant choice. He can pursue a fully funded PhD at UT Austin or return to India for a lucrative software engineering position. Family responsibilities and career aspirations are key factors. This decision impacts his long-term financial security and personal goals. The situation highlights a common crossroads for many.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories this week. Let's take a look.
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C-suite, not quite gender neutral: Why India Inc can’t afford to ignore women leaders
India's business world is at a critical juncture, as the shortage of female leadership continues to inflict economic strain. This disparity threatens to compromise both our GDP and strategic competitiveness on a global scale. While women demonstrate remarkable talent in entrepreneurship, entrenched biases often stymie their pathways to leadership.
Toshiba mulls 55-Billion-Yen investment to more than double output in Japan, India
Toshiba Energy Systems & Solutions Corporation is investing 55 billion yen by FY2027 to double its power transmission and distribution equipment output capacity in Japan and India. This expansion aims to meet accelerating global electricity demand, driven by renewable energy adoption and infrastructure upgrades. The investment will modernize and expand key facilities in both countries.
EKA Mobility Secures ₹500 crore from NIIF’s IJF
The India-Japan Fund has committed ₹500 crore to EKA Mobility, marking a pivotal investment in India's burgeoning electric vehicle industry. With this funding, EKA Mobility is set to enhance its electric bus manufacturing capabilities by establishing a state-of-the-art plant in Pithampur.
SMBC rules out raising stake in Yes Bank beyond 25%, Yes shares tumble
Sumitomo Mitsui Banking Corporation has decided to cap its investment in Yes Bank at 24.99%, choosing to solidify its presence as the principal shareholder without stepping into an executive role. The Japanese lender is dedicated to overseeing Yes Bank's progress in tackling essential issues, with their current stake at 24.2%. This decision highlights SMBC's focus on governance and strategic guidance.
Whirlpool of India shares jump 10% after signing key brand, tech agreements. Check details
Whirlpool of India shares rose sharply on Friday after the company announced signing key brand, technology, and service agreements with Whirlpool Corporation and affiliates. The deals aim to strengthen long-term growth, innovation, and exclusive brand rights, ensuring smooth operations and continued support from its parent company.
LIC AAO result 2025 download link: Check prelims result, cut off, and next steps
LIC is poised to announce the Assistant Administrative Officer (AAO) prelims results for 2025 by October 19th. Over 841 vacancies are up for grabs. Candidates who cleared the October 3rd prelims will advance to the mains exam on November 8th. The official website, licindia.in, will host the results and admit cards.
Lock in stability before rate cuts: Jiraaf’s Saurav Ghosh on why AAA bonds deserve a place in every portfolio
Investors are eyeing AAA-rated corporate bonds for stable returns as India's interest rates stabilize. These bonds offer high credit quality and predictable income, outperforming fixed deposits. Experts suggest 2025 could be a key year for fixed-income investments. Investors should check credit ratings, issuer track records, and tax implications before investing. Platforms registered under SEBI's framework ensure secure transactions.
Global shocks no worry, India stays investors’ darling: S&P Global Ratings President Yann Le Pallec
India's economy is poised for strong growth, with S&P Global Ratings projecting expansion around 6.5% this year and 7% in the next two. The nation is seen as resilient to global trade shocks and geopolitical risks. Global investors view India as an attractive destination for stable, long-term growth opportunities. This outlook supports India's economic trajectory.
Cochin Shipyard to launch three vessels, including Anti-Submarine Warfare craft for Navy
Cochin Shipyard Limited is launching three advanced vessels. These include an Anti-Submarine Warfare Shallow Water Craft for the Indian Navy. A Hybrid Electric Methanol-Ready Commissioning Service Operation Vessel and India's largest Trailer Suction Hopper Dredger are also being launched. These launches highlight India's engineering prowess and commitment to sustainable maritime development.
'1.5 years, countless late nights, and no recognition': Viral post sparks internet discussion on what’s missing in corporate India
A woman's LinkedIn post detailing her departure from a job due to feeling unappreciated has resonated widely. Her experience highlights how a lack of recognition, despite long hours and dedication, can significantly impact employee morale and lead to career decisions, sparking a broader conversation on workplace appreciation in India.
LIC launches Jan Suraksha (880) and Bima Lakshmi (881) plans: Check eligibility criteria, minimum sum assured, entry age and other features
LIC new policies: Life Insurance Corporation of India has introduced two new insurance plans. The LIC Jan Suraksha Plan is designed for lower-income individuals, offering life cover and maturity benefits. The LIC Bima Lakshmi Plan is exclusively for women, providing life cover, periodic money-back options, and critical illness coverage. These are LIC's first products launched under the new GST regime.
From 'leave without calls' to 'anything but soan papdi': Employees reveal what they really want from their organisations this Diwali
Corporate India's Diwali gifting tradition sees lavish presents like luxury suitcases and even cars. However, employees often prefer practical gifts like Amazon vouchers or direct cash transfers, valuing the freedom to choose. Thoughtful, lasting items and even a day off are also highly appreciated, highlighting a desire for genuine appreciation beyond traditional sweets.
Learn With ETMarkets: Why blue-chip corporate bonds are gaining popularity in 2025
In 2025, AAA and blue-chip corporate bonds are gaining popularity as investors seek stable, predictable returns that outperform fixed deposits. High credit quality, attractive yields, low volatility, and improved liquidity make them a preferred choice for portfolio diversification and capital preservation amid moderating interest rates.
Bankruptcy court admits IDBI Bank’s insolvency resolution plea against Wind World arm
The National Company Law Tribunal has ordered the corporate insolvency resolution process (CIRP) against Wind World (India) Infrastructure following a default on dues to IDBI Bank. The company, a subsidiary of the already distressed Wind World India Limited, argued its revenue source was cut off by its parent's resolution professional.
Continuous cheque clearing hits roadblocks, customers face long waits
A new cheque clearing system, intended for same-day clearance, is facing significant delays and rejections due to initial technical glitches and poor image quality. Customers report cheques taking over a week to clear, disrupting business finances. While the National Payments Corporation of India states most issues are resolved, some customers are still experiencing prolonged waits for their funds.
Learn with ETMarkets: The Gold Standard of Corporate Debt Investing
AAA-rated corporate bonds are the safest investment-grade options, offering minimal credit risk, predictable returns, and portfolio stability. Highly rated by SEBI-regulated agencies like CRISIL and ICRA, these bonds serve as a reliable fixed-income choice for conservative investors seeking security and liquidity.
Why India Inc lags GDP sprint despite robust growth headlines
India's GDP is soaring, yet this growth seems to shadow the profits of many companies. The government’s push in spending and service offerings boosts GDP, but listed firms often miss out on the windfall. Sectors like banking and IT are grappling with their own set of challenges, while export-dependent businesses struggle under tariff pressures.
These 8 banking stocks can give more than 21% returns in 1 year, according to analysts
In the last two trading sessions, banking stocks have witnessed slightly higher volatility. But don’t assume that volatility is always a bad word. Some banks will report their numbers soon, and given that interest rates are headed south, there might be some pressure on margins, which should not be a surprise. Sometimes, volatility is an opportunity if things are improving structurally. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Banks facing teething problems with faster cheque clearance system, say union
A bank employees' union has raised concerns about the new same-day cheque clearing system, citing software glitches and inadequate staff training that are causing extended work hours and impacting customer service. The National Payments Corporation of India acknowledged "teething issues" but stated most problems have been resolved.
SC seeks replies of Centre, SEBI on Sahara firm's plea for nod to sell properties to Adani
The Supreme Court is considering a Sahara India Commercial Corporation Ltd plea. The company wants to sell 88 prime properties to Adani Properties Private Limited. The court has asked the Centre, SEBI, and other stakeholders for their responses. The Ministry of Finance and Ministry of Cooperation will also be heard. Details of the properties, including any disputes, will be collected.
Govt committee on nuclear power bats for up to 49% FDI
A government committee has proposed allowing up to 49% foreign investment in India's nuclear power sector and amending the civil liability Act. These changes aim to shield operators from other liability laws and include equipment suppliers in contractual liability caps, facilitating global participation to meet the 100 GW nuclear capacity target by 2047.
Centre has shifted email IDs of 12 lakh employees to Zoho's platform: report
Central government employees, including those in the PMO, have had their email services migrated to Zoho Corporation's platform over the past year. This move follows a ransomware attack on AIIMS servers and aims to enhance data sovereignty and reduce reliance on global tech giants. Zoho's suite of work apps has also been activated for government use.
How mental health has become a new priority for corporates
Indian companies now see mental health as vital for business success. They are implementing programs like counselling and mental health days. This shift aims to boost productivity and engagement. Despite challenges like stigma, firms are adopting proactive strategies. Supporting employee well-being is now a key business mandate for growth.
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