Mumbai: After selling Indian equities worth almost ₹2.09 lakh crore this year, Foreign institutional investors(FIIs) have been training their guns on a particular stock that actually has what it takes to offer them inflation-beating returns. Hitachi Energy India, a midcap power technology stock, has witnessed increased interest from FIIs, with their holdings now accounting for almost 9.7% of the company’s shares. A year ago, FIIs held just 5.1% of Hitachi Energy India, with the increase commencing earlier this quarter, when the price was actually falling to about ₹18,000 from a peak of ₹20,000 witnessed earlier this year. What makes Hitachi…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
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Mumbai: Finfluencer Avadhut Sathe, accused of providing misleading trading advice through his firm Avadhut Sathe Trading Academy Pvt Ltd (ASTAPL), has challenged the SEBI order passed against him and his wife, Gauri Avadhut Sathe, alleging that the order was passed based on allegations of just 12 of his students, which number 3.5 lakh in total. Appearing before the Securities Appellate Tribunal (SAT), Avadhut Sathe had sought permission to withdraw ₹5.25 crore for basic monthly expenses, but was granted just ₹2.25 crore by the SAT. This was after the SAT reviewed the arguments from both sides, and upheld SEBI’s stand that…
New Delhi: Paisalo Digital, a fintech lending platform specialising in inclusive lending, has strengthened its touchpoint network as part of its long-term growth and financial inclusion strategy. The company has now reached 4,380 touchpoints across 22 states in Q2FY26, a 4 time rise from 1,052 touchpoints across 18 states it had in FY23. Currently, it has 402 branches, 2,585 distribution points and 1,393 business correspondence (BCs) across the country. The company’s customer franchise increased from ~2 million in FY23 to ~13 million in H1FY26. This six-time growth highlights robust market penetration and showcases Paisalo’s business development strategies. The company recorded…
Bengaluru: Homegrown two wheeler EV maker Ather Energy is all set to foray into auto insurance distribution by setting up a wholly-owned subsidiary, marking the first time the company is venturing beyond its core competencies. This venture is aimed at offering its existing customers EV-specific insurance products, by partnering with multiple insurers. The move is aimed at streamlining Ather Energy’s insurance offerings, while generating a recurring source of revenue and enhancing customer experience. This foray will help Ather build a well-integrated ecosystem around its EV two-wheelers, including vehicles, charging infrastructure, servicing, accessories, software, warranties and now insurance. “We have always…
Before the internet changed our lives drastically, our parents and grandparents had fond memories of the neighbourhood Khaki-clad Dakiya (postman) who was the point of contact for communications, money transfers and more. This person worked at the neighbourhood post office and had a sound understanding of the neighbourhood, and everyone staying there. In total, the Department of Posts (DoP), now known as India Post, has a workforce of more than 4,50,000 people across the country, working out of 1,56,000 post offices across the country- from Kashmir to Kanyakumari. About a generation before WhatsApp messaging meant distances were only measured physically,…
TikTok’s Chinese parent ByteDance has signed a binding agreement with a group of investors, including Larry Ellison-led Oracle, private equity firm Silver Lake and AI-focused Abu Dhabi based investment firm MGX to buy 45% of TikTok’s US operations. The new entity formed will have each investor owning 15% of the company while existing ByteDance investors will hold 30% and the original ByteDance company will retain 19.9% of the company. Under the deal, Chinese-owned ByteDance will have to divest the app’s US operations, where the new entity will oversee data protection, algorithm security and content moderation. This development comes after the…
New Delhi: The government’s encouragement for growth through Micro, Small and Medium Enterprises (MSMEs), through credit guarantee schemes and Udyam registrations, has been a key driver for credit expansion, according to a report by Axis Bank. Lower interest rates, faster underwriting by banks using digital tools and government-backed credit guarantee schemes have boosted the growth in credit availability for MSMEs, surpassing Rs.40 lakh crore by mid-2025. According to data by the Reserve Bank of India (RBI), MSME credit has grown by 14.1% this year, surpassing retail loans and service loans, which are at 11.7% and 11.2% respectively. The government’s credit…
Ahmedabad: Zydus Lifesciences has signed an exclusive agreement with US-based Myriad Genetics to bring its widely used MyRisk® cancer risk assessment diagnostic test to India. This risk assessment test helps healthcare providers to assess a patient’s hereditary cancer risk by screening their genomes to analyse key genetic variants that can cause breast, ovarian, colorectal or other cancers. “This agreement marks a major step in expanding access to precision diagnostic tests for cancer treatment in India. The prostate and ovarian cancer tests help doctors with actionable insights to develop personalised treatment plans, predict disease progression, arrive at treatment decisions and streamline…
New Delhi: Jio Platforms has been awarded one of India’s top 20 Innovator Companies at the CII Awards 2025, following its growing focus on intellectual property creation and deep tech innovation. The recognition comes on the back of Jio Platform’s portfolio of 1,037 patents filed in India, dwarfing those of TVS Motors (238), CSIR (70), IIT Madras (44) and Ola Electric Mobility (31). The company has invested almost Rs. 4,185 crore in research and development this year, almost 15% higher than the Rs.3,643 crore it spent in 2024. In the last three years, the company’s R&D spend has increased by…
Ethereum is all set to see a meaningful jump in transactions in January, as the core team of developers decided to move ahead with the ‘gas limit’ increase after the next blob parameter-only (BPO) hard fork scheduled for January 7. The gas limit represents the maximum amount of computational effort needed to execute a transaction or smart contract on the Ethereum blockchain. It acts as a budget to prevent unexpected costs from errors or complex operations. In essence, it is Ethereum’s equivalent for the fuel you need to perform a transaction on the blockchain. According to industry reports, Ethereum’s gas…
