Page 39 - Equity Program News Today

A decade after the Companies Act 2013 made it mandatory for Indian companies to have at least one woman director on their boards, the needle has barely moved beyond the mandatory compliance threshold. Data shows that almost half the NSE-listed firms have only 1 woman director and 41 do not even meet the mandate of one director. However, 262 companies have at least three or more women directors. On an overall basis, the representation of women directors has increased to 20% of the total directors...

Revenue of the Indian unit of Unicharm Corporation rose to Rs 3,612 crore in FY23, with the diaper segment accounting for 84%, or Rs 3,022 crore, according to its filing with the Registrar of Companies (RoC). In comparison, P&Gs diaper business clocked ?2,422 crore, or about 29% of its total business.

Deals within ecommerce nearly halved by value to 3.3 billion while the number fell 70% to 124 deals. Apparel and retail, however, saw deal transaction surge seven times, led by Reliance Retail which raised nearly $1.6 billion from Qatar Investment Authority and Abu Dhabi Investment Authority. Lenskart also received a funding of $500 million during the first half of 2023, followed by M&G Plc, Lightspeed Venture Partners and DST Global buying a stake in Udaan last month.

Sohan Lal Commodity Management (SLCM) Group has launched the Krishi Quality Janch Kendra, an AI ML-empowered solution for food grain quality checks in India. The initiative has opened 31 centres in Delhi and Madhya Pradesh, with plans to establish at least 600 more centres across the country by February 2024.

/PRNewswire/ -- Private Advisor Group, one of the largest and fastest-growing independent wealth management firms in the country*, announces that Drake...

The Shriram Group is one of the largest and well-respected financial services conglomerates. Its main line of activities in financial services includes truck financing, consumer durable financing, stock broking, insurance broking, and life insurance, etc.

Indian women are increasingly engaging in upskilling initiatives, driven by various factors such as re-entering the workforce, securing better jobs, and staying relevant amid technological disruptions. Edtech platforms like Imarticus Learning, Hero Vired, and upGrad report a surge in demand from women learners, not only in major cities but also in Tier 2/3 towns.

The Welspun Group has announced plans to invest over Rs 500 crore in the plastics business in Jammu and Kashmir. The investment will cover various plastic activities under the brand name Sintex, including water tanks and pipes. The Memorandum of Understanding (MoU) for this investment was signed during the tenth Vibrant Gujarat Global Summit.

Vibrant Gujarat Summit: Reliance chairman Mukesh Ambani has revealed the companys five major commitments to drive Gujarat towards global leadership at the Vibrant Gujarat Summit. These commitments focus on transforming the state into a leader in green growth, utilizing the potential of 5G and AI technologies, creating more job opportunities, and promoting inclusive growth.

Reliance Power and Reliance Infrastructure have signed standstill arrangements with DBS Bank and JC Flowers ARC, respectively, to settle their loans by the end of the fiscal year. In April 2023, Reliance Power settled loans with two of its lenders - JC Flowers ARC and Canara Bank, according to a disclosure by the company.