Sunday, October 11
Ten first-generation women wealth creators have accumulated a combined wealth of nearly Rs 2 lakh crore, according to the 2025 Candere Hurun India Women Leaders List released on Wednesday. The list highlights women who have built billion-dollar businesses from scratch, primarily in the software, healthcare, retail, and financial services sectors.Topping the list is Radha Vembu, co-founder of Zoho Corporation, with a reported wealth of Rs 55,300 crore. She is followed by Jayshree Ullal, CEO of US-based Arista Networks, whose wealth is estimated at Rs 48,900 crore.Seven of the top 10 women are based in India, while the remaining three reside in the United States.The software and services sector continues to dominate, contributing Rs 1.11 lakh crore of the total wealth. Other industries repre
Walmart-owned Flipkart on Wednesday is understood to have sold its entire 6% stake in Pantaloons owner Aditya Birla Fashion & Retail (ABFRL) in a Rs 582 crore bulk deal this morning. The Birla Group stock fell 11.49% to the day's low at Rs 76.10 on BSE following the exit.Flipkart Investments Private Limited had offered to sell its entire 73.17 million shares, amounting to 6% stake in ABFRL at a floor price of Rs 79.50 per share, which is at a 7.6% discount to the last closing share price, according to the term sheet.Goldman Sachs is the sole bookrunner in this deal. Market sources confirmed that the deal was closed this morning.The deal amount is likely to be around Rs 582 crore.In the last few weeks, the market rebound has been marked by paring of stakes by promoters, PE and other lar
Shares of food delivery and quick commerce platform Swiggy have jumped nearly 5% over the past two trading sessions to Rs 347, following Morgan Stanley’s initiation of coverage with an 'Overweight' rating.The global brokerage has set a price target of Rs 405, implying a potential upside of 22% from the stock’s previous close. The target also exceeds Swiggy’s IPO price of Rs 390.In its report, Morgan Stanley highlighted three key drivers behind its positive outlook on Swiggy:Improving Execution in Food Delivery: The brokerage expects Swiggy’s food delivery segment to grow at a compound annual growth rate (CAGR) of 15.8% between FY25 and FY28, supported by steady market share trends despite heightened competition.Quick Commerce Growth Potential: Swiggy’s quick commerce business (In
