Silicon Valley technologist and entrepreneur Aarthi Ramamurthy has officially launched her venture capital firm, Schema Ventures, with an initial fund of $20 million. The firm aims to back early-stage startups founded by exceptional outsider entrepreneurs, focusing on industrial software, robotics, workflow intelligence, and developer tools. Schema Ventures: A Vision for Outsider Founders Ramamurthy, who has…
IndusInd Bank Ltd., one of India’s leading private lenders, is facing scrutiny after uncovering a ₹173 crore accounting fraud in its microfinance portfolio. The bank suspects staff involvement in the irregularities, which were identified through an internal audit and an external investigation. Key Findings & Financial Impact Market Reaction & Stock Performance Following the disclosure,…
Trident Ltd., a leading manufacturer of textiles, yarn, paper, and chemicals, has reported a remarkable surge in net profit for the fourth quarter of FY25. The company’s net profit more than doubled to ₹133.2 crore, compared to ₹56.6 crore in the same quarter last year. Key Financial Highlights Stock Market Reaction & Dividend Announcement Following…
Luxury hospitality brand The Leela Hotels, operated by Schloss Bangalore Ltd, has announced the price band for its much-anticipated Initial Public Offering (IPO). The IPO price range has been set between ₹413 and ₹435 per share, with the subscription window opening on May 26, 2025, and closing on May 28, 2025. IPO Structure and Fund…
India’s manufacturing sector is emerging as a key global investment hub, with S&P Global highlighting its growing competitiveness and strategic positioning in the global supply chain. India’s Manufacturing Boom According to S&P Global’s latest report, India Forward: Transformative Perspectives, India is making notable progress in attracting foreign investments, driven by: Economic Growth & Global Integration…
Apple is set to begin exporting Made-in-India iPhone 17 models to the United States, marking a significant milestone in its global manufacturing strategy. Despite former US President Donald Trump’s objections, Apple’s Foxconn facility in Bengaluru is gearing up to ship iPhones to the US market starting June 2025. Apple’s Expansion in India Apple has been…
Japanese automaker Nissan is reportedly evaluating plans to halt production in India, as part of a broader cost-cutting and restructuring strategy. While Tata Motors and Mahindra & Mahindra remain unaffected, Nissan’s Oragadam plant in Tamil Nadu, which manufactures the Magnite SUV, is under review. Why Is Nissan Considering an Exit? Nissan is undergoing a global…
IndusInd Bank has confirmed accounting irregularities totaling ₹1,269 crore, following an internal audit that uncovered discrepancies in interest income and asset balances. The revelation has triggered regulatory scrutiny, investor concerns, and leadership changes within the bank. Timeline of the Fallout Regulatory and Market Impact Conclusion IndusInd Bank’s accounting discrepancies have raised serious concerns about internal…
Kalpataru Projects International Ltd (KPIL) has reported a 37% year-on-year increase in consolidated net profit for Q4 FY25, reaching ₹225.4 crore, up from ₹164.3 crore in the same period last year. The company’s strong execution across segments contributed to the impressive financial performance. Financial Highlights CEO’s Statement KPIL MD & CEO Manish Mohnot expressed confidence…
The Reserve Bank of India (RBI) is expected to transfer a record surplus dividend of ₹2.7 lakh crore to ₹3 lakh crore to the central government in FY26, marking a nearly 50% year-on-year increase. Key Drivers Behind the Surplus Surge According to a report by Front Wave Research, the sharp rise in surplus transfer is…
