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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The financial services major is being weighed down by its digital arm’s lacklustre performance.
Vishakha Mulye seems to have done a tremendous job as chief executive officer of Aditya Birla Capital Ltd. Ever since she took the reins in June 2022, the financial services arm of the Aditya Birla Group has seen its stock jump 3x, with the top line and bottom line also doubling. Given this remarkable feat, when the shareholders’ nod was sought last week for Mulye’s reappointment, no surprises were expected. Except there were a few.
About 20% of public institutions voted against Mulye’s appointment for a five-year term. What’s equally telling is that Mulye’s second-in-command, Rakesh Singh, managed to secure …
India’s second-largest brokerage by active clients wants to handle IPOs as a merchant banker. But gaining a foothold in the highly competitive sector is easier said than done.
An NBFC licence and a string of approvals give the fintech firm a fresh shot at relevance. But patchy execution, intense competition and a stagnant core cast doubt on whether it can capitalize on the opportunity.
Alongside a decent set of numbers, the Mukesh Ambani-helmed financial services co. has articulated a long-term playbook that could reshape the competitive landscape of financial services.
