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Roshni Nadar Malhotra becomes India’s richest woman

Inshorts · 5m ago

Roshni Nadar Malhotra becomes India’s richest woman

Roshni Nadar Malhotra becomes India’s richest woman after Shiv Nadar transfers 47% of his HCL shares to her. With control over 44.34% of HCL Technologies, Roshni is set to lead the IT giant with a focus on innovation and social impact, marking a significant power shift in one of India’s top business empires.

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Shiv Nadar gifts 47% of his stake in HCL Corp, Vama Delhi to daughter Roshni Nadar Malhotra

YourStory

YourStory · 5m ago

Shiv Nadar gifts 47% of his stake in HCL Corp, Vama Delhi to daughter Roshni Nadar Malhotra

Billionaire Shiv Nadar, founder of HCL, has transferred 47% of his stake in HCL Corp and Vama Delhi to his daughter, Roshni Nadar Malhotra, reinforcing family leadership. This strategic move is part of a succession plan ensuring ownership continuity. Roshni, the HCLTech chairperson, becomes the majority shareholder in Vama Delhi, HCL Corp, HCL Infosystems, and HCL Tech. SEBI's exemption facilitates the smooth share transfer, bolstering the family's leadership and involvement.

HCLTech chairperson Roshni Nadar conferred France's highest civilian award

YourStory

YourStory · 1y ago

HCLTech chairperson Roshni Nadar conferred France's highest civilian award

Roshni Nadar Malhotra, Chairperson of HCL Technologies, has been awarded the Chevalier de la Légion d'Honneur, the highest civilian award in France. This recognition reflects the growing economic and technological cooperation between France and India, acknowledging the contributions of Indian IT companies to France's digital ecosystem. As HCLTech has had a long-standing presence in France, Malhotra expressed commitment to scaling operations in the country in order to support the digital transformation of French businesses. In addition to her role at HCL Technologies, Malhotra is actively involved in education initiatives and children's empowerment through the Shiv Nadar Foundation.

Who is Radha Vembu, India's richest self-made woman?

Inshorts · 1y ago

Who is Radha Vembu, India's richest self-made woman?

Radha Vembu, co-founder of Zoho Corp, has become the richest self-made Indian woman, surpassing Falguni Nayar of Nykaa. With a net worth of Rs 36,000 crore, Radha Vembu is ranked 40th among India's 100 richest people. She is the majority stakeholder of Zoho Corp and is involved in various ventures including email service, agriculture, and real estate. Radha Vembu completed her education at the Indian Institute of Technology (IIT) Madras.

Will consider plug-in hybrid in India if tax structure favourable: Volvo Car India MD

Economic Times

Economic Times · 7d ago

Will consider plug-in hybrid in India if tax structure favourable: Volvo Car India MD

Swedish luxury carmaker Volvo is considering introducing plug-in hybrid vehicles in India, contingent on a favorable tax structure, according to Volvo Car India's Managing Director, Jyoti Malhotra. Currently, India’s tax regime is not conducive to such introductions. Volvo recently launched a refreshed version of its popular XC60 model, which is assembled in Bengaluru. Malhotra also expressed support for the entry of new competitors like Tesla, stating it benefits the electric vehicle market by offering Indian consumers more choices.

2,013 Indian wealth creators are worth Rs 100 lakh crore, Ambanis top the list

Economic Times

Economic Times · 1m ago

2,013 Indian wealth creators are worth Rs 100 lakh crore, Ambanis top the list

The 360 ONE Wealth Creators List reveals 2,013 Indian wealth creators holding Rs 100 trillion in assets. Akash and Anant Ambani lead with Rs 3.59 lakh crore each. The list features 161 individuals worth over Rs 100 billion, while Tata, Reliance, and Adani groups hold 24% of wealth. Women represent 24% of total wealth, with Isha Ambani as the richest woman. Mumbai leads as the financial hub, with 40% of wealth creators.

"Stepping stone for Gaganyaan": Retd Air Commodore Ravish Malhotra on Axiom-4 mission

Economic Times

Economic Times · 1m ago

"Stepping stone for Gaganyaan": Retd Air Commodore Ravish Malhotra on Axiom-4 mission

Air Commodore Ravish Malhotra (retd), associated with the 1984 Indo-Soviet space mission, emphasized the importance of the upcoming Axiom-4 mission, featuring Group Captain Subhanshu Shukla and others, as a significant milestone for India’s Gaganyaan mission. Shukla, set to become the second Indian in space, trained extensively in Russia and the US, symbolizing hope for 1.4 billion Indians. The mission marks crucial Indo-US space collaboration, alongside astronauts from Poland and Hungary.

First woman with $100-billion net worth

Livemint

Livemint · 1y ago

First woman with $100-billion net worth

Francoise Bettencourt Meyers, the heiress of L'Oréal SA, has become the first woman to achieve a net worth of $100 billion. Her wealth surged as shares of L'Oréal reached an all-time high. With this accomplishment, Bettencourt Meyers ranks as the 12th richest person globally. Despite her success, she falls behind French compatriot Bernard Arnault, founder of LVMH, who holds a net worth of $179 billion. France's luxury retail sector has spawned other ultra-wealthy families, such as the Hermès and Chanel clans. Bettencourt Meyers, known for her privacy, serves as vice-chair of the L'Oréal board.

Startup news and updates: Daily roundup (April 28, 2025)

YourStory

YourStory · 3m ago

Startup news and updates: Daily roundup (April 28, 2025)

India’s startup ecosystem sees significant developments, with late-stage funding surging despite challenging markets. Companies like Ather Energy and Urban Company are reducing IPO offer sizes, while some await better economic climates. Fittr, a thriving wellness platform, faced financial setbacks from profit loss during the pandemic-driven boom. Meanwhile, Perfios, a fintech SaaS unicorn, acquired IHX, marking its third acquisition this year. Notably, 72-year-old Vidya Singh became India's oldest woman to summit Mount Kilimanjaro.

Going beyond the old 'Kitna deti hai?' - The Economic Times

Economic Times

Economic Times · 1m ago

Going beyond the old 'Kitna deti hai?' - The Economic Times

India's automotive sector is increasingly prioritizing safety, with a rising demand for high Bharat NCAP-rated vehicles and advanced safety features. Despite a vast road network, poor infrastructure, and human behavior contribute to high accident rates. However, a shift is evident as safety becomes a significant factor for consumers, influencing car sales. By 2030, India’s auto industry could grow substantially, driven by enhanced safety standards and the goal of halving road fatalities through technological advancements and regulations.

Pet food brand Drools claims unicorn status after minority stake by Nestlé

Entrackr

Entrackr · 2m ago

Pet food brand Drools claims unicorn status after minority stake by Nestlé Drools Pet Food Private Limited claims it has become India’s first pet food unicorn following a minority investment by Nestlé S.A., the parent company of Nestlé India. Drools has not disclosed the details of the transaction but will continue to operate independently post-investment. The deal gives Nestlé access to India’s growing pet food market, while Drools is expected to continue expanding in both domestic and international markets. Drools, with brands like Pure Pet, Meat Up, Canine Creek, and Kitty Yum, claims to be the top seller in the pet food category on Amazon. The company operates fully online and also sells offline, including vet clinics, pet stores, and general trade retailers. Founded by Fahim Sultan in 2010, Drools operates six production facilities and has a warehousing footprint of 1.6 million square feet. The company distributes its products through 40,000 retail outlets in India and exports to 22 countries. It employs 3,400 people across its operations. Earlier in June 2023, Drools had raised $60 million in funding from private equity firm L Catterton at a valuation of $600 million. The round was one of the largest investments in the pet care industry in India. For the fiscal year ending in March 2024, Drools’ revenue from operations jumped 50% to Rs 714.90 crore from Rs 474.62 crore in FY23. The company however reported a net loss of Rs 14 crore in FY24 against Rs 27.65 crore profit in the previous fiscal year. Drools becomes the fourth startup to enter the unicorn club in 2025. Netradyne and Juspay reached the milestone in January and April, respectively, while Porter recently joined the list after raising $200 million in a Series E round at a valuation exceeding $1 billion.

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