What's New

Billionaire Gautam Adani-led promoter group has increased stake in two of the group's listed companies. This is the second time in less than a month that the promoters have raised stake in the flagship firm that incubates new businesses. The promoter group has also increased stake in Adani Ports and Special Economic Zone Ltd.

Indian CXO salaries are catching up to US counterparts. Multinationals and GCCs are giving higher pay and stock options. This rise is due to increased responsibilities and India's growing importance. The '2 in a box' model promotes collaboration. India's cost-effectiveness and skilled workforce contribute to this trend.

Indian listed companies saw a 6% revenue growth in FY24, but profits (EBIDTA and PAT) surged by 28% and 32%, respectively. Employee expenses moderated to 13% growth, down from 17% in FY23, indicating cost optimization efforts. Companies maintained a steady 22% EBIDTA margin over the past four years, demonstrating effective cost management strategies.

Twelve Indian startups, including Go Digit General Insurance, Awfis, Ixigo, Ola Electric, FirstCry, TBO Tek and Swiggy, went public in 2024, demonstrating resilience amid funding challenges. Mobikwik and Bluestone are also preparing for IPOs, further highlighting the growth of India's startup ecosystem and investor confidence in new-age tech enterprises.

Indian companies raised a record-breaking Rs 1.21 lakh crore through Qualified Institutional Placements (QIPs) in 2024, a two-fold increase from the previous year. Strong market conditions and high valuations fueled this surge, with 82 companies utilizing QIPs until November. Major players like Vedanta and Zomato led the fundraising, bolstering financial reserves and capitalizing on positive investor sentiment.