Maruti Escudo: Suzuki plans Creta, Seltos rival to slot between Brezza & Vitara. Check launch details, expected price, and features
Maruti Suzuki Escudo: Maruti Suzuki is reportedly developing a new mid-size SUV, potentially named Escudo (codename Y17), to slot between the Brezza and Grand Vitara. Aimed at competing with the Hyundai Creta and Kia Seltos, the 5-seater SUV will likely share the Global C platform and offer various modern features. Engine options may include a 1.
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FinEdge Honoured at ET BFSI FinNext Awards 2025 for Transforming Goal-Based Investing
VMPL New Delhi [India], June 24: FinEdge,a leading digital wealth creation and goal-based investing platform, proudly announces that its proprietary bionic investing platform 'Dreams Into Action (DiA)', has been honoured at the ET BFSI FinNext Awards 2025 in the category of 'Innovative Wealth Planning Tools'. This recognition demonstrates FinEdge's commitment to enabling investors through innovative and hassle-free goal- based investment solutions. Dreams Into Action (DiA) is a first-of-its-kind bionic investing platform that blends human expertise with advanced technology to make long-term, goal-based investing accessible, personalized, and purposeful. With more than ₹1,400 crore of goal-based investments made by 20,000 clients across 1,700 cities in India, it has significantly advanced intelligent wealth planning across the country. On receiving the award Harsh Gahlaut, Founder and CEO, FinEdge, expressed his excitement, "We're honoured to receive the prestigious recognition from ET BFSI. We believe that the future of investment lies in technological innovation. With our property Dreams into Action (DiA), we've combined behavioural finance, predictive analytics, and empathy to create a platform that truly puts investors first. This award validates our mission to make purposeful, long-term investing accessible to everyone." Built on rational expectations, collaboration, and hyper-customization, FinEdge's DiA creates a seamless partnership between investors and experts. It tailors investment strategies to individual cash flows, risk profiles, and financial behaviour, while helping users stay focused on goals through regular reviews, scenario analysis, and financial education. DiA empowers better investing for a new generation, by aligning the right products with each client's needs. The ET BFSI FinNext Awards recognizes and honours outstanding achievements in the financial sector, celebrating organizations and individuals driving innovation and transformative change. FinEdge's 'Dreams Into Action' stood out for its ability to seamlessly integrate technology and human expertise, fostering better decision-making, improved financial outcomes, and enhanced client experiences. With its user-centric approach and focus on empowering individuals to make informed investment decisions, FinEdge is poised to make a lasting impact on the financial landscape of India About FinEdge FinEdge came into existence in the year 2011 with an aim to solve the core problem of the "investment gap" in India. FinEdge manages more than Rs. 1400 crores of goal-based investments of its clients across 1800 cities and 90 countries. FinEdge's Dreams into Action investing platform is a tech-enabled wealth management and goal planning platform that has helped thousands of investors create customised investing roadmaps for their goals. The platform enables a high degree of personalisation and employs a collaborative approach making it India's first BIONIC investing platform. The DiA platform allows FinEdge to have infinite geographic reach without compromising on the key requirements of investors, providing a convenient, low-cost, high-quality, process-driven, goal-oriented experience for clients. By keeping its objective of 'Investing with Purpose' at the centre of its strategies, FinEdge has been widely recognised as a preferred investing platform for executing goal-based investments.
Economic Times
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MoSPI gets real with artificial intelligence: Surveys to use chatbots
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Time of India
3 hours ago
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LG rewires strategy before hitting IPO switch
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Kolkata: Ahead of its public issue planned for the year-end, India's largest home appliance manufacturer, LG Electronics , has started tightening its belt in the face of a decline in revenue in the first half of calendar has started, with LG in the process of reducing the number of in-store sales promoters in retail outlets and a message to the sales team to either perform or leave, three industry executives aware of the developments have taken a hit due to a cooler summer and an overall slump in consumption, which impacted demand in categories such as air-conditioners, refrigerators, and televisions. Last year's record sales also meant the base was high, affecting weak demand in the market has hurt all companies in these segments, LG India is under pressure also to present a robust balance sheet ahead of the upcoming initial public offering to ensure good investor response, the industry executives India's AC sales are down 15-20% so far in the January-June period of this year compared with last year, they said. Sales in other categories are largely ACs and refrigerators are the sales drivers in the first half for the company, overall sales have slumped by double digits compared with last year."There is a fear that poor sales and profit growth may impact investor sentiment ahead of the IPO," one of the executives response to an email seeking comment, an LG India spokesperson said during January to April, the company improved its leadership market share across its product portfolio. "This is a strong testament to our continued leadership in the category and reflects strong market confidence in us," he spokesperson said there has been no reduction in the number of sales promoters as of date. The company is focusing on optimising productivity of the sales promoters by moving high-performing promoters to high-performance stores, he executives said there have been 4-5 exits of executives at branch and regional levels, such as the branch and regional managers in the East, amid pressure for a better sales performance and leaner cost structure. The company did not comment on the sales decline and sales team review meetings are often extending till late night. Two chief executives in rival companies said they are flooded with resumes of LG expected '15,000 crore IPO for the India unit was originally scheduled for the April-May period, but was postponed due to volatility in the share market and an uncertain macroeconomic company has now targeted October-November for the IPO and wants to file a revised draft red herring prospectus (DRHP) by July-August with updated financials, a person aware of the plans said. LG's South Korean parent wants to dilute about 15% of its stake in the Indian LG spokesperson said it continues to be a market leader in India across categories in the January to April period, including products like refrigerators, washing machines, microwave ovens and televisions. It competes with Samsung, Haier, Whirlpool , Godrej and Voltas To be sure, lower-than-normal temperatures and intermittent rains in the summer season this year have affected the sales of all AC manufacturers, including Voltas, Blue Star , Daikin and Lloyd, with industry sales volume falling by 50-60% compared with last year when there were record sales amid intense heatwave industry was expecting 10-15% growth in sales based on initial weather bureau forecasts for intense heat this retail stores are still saddled with unsold stock, primary sales (from company to retail) for all companies dipped in the April-June period. Companies have cut down on AC and refrigerator production to tackle the situation, industry executives said."The sales performance pressure is higher in Korean companies like LG and Samsung. In the case of LG India, the dip in sales was flagged by the headquarters as it is preparing for the IPO," said the head of a rival company. "The company came up with a strict carrot and stick policy for its sales people. There is cost tightening too to improve profit to make up for the sales loss."The LG spokesperson said the company expects the good monsoon to positively impact macro-economic growth across the country which is likely to have a positive impact on the sector in coming months.
