Latest news with #RadhaVembu
Time of India
4 days ago
- Business
- Time of India
Bharti Hexacom shares drop 3% after Motilal Oswal downgrades to neutral, citing steep valuation premium
Bharti Hexacom shares declined nearly 3% to Rs 1,827 in Friday's trading session on the BSE following a downgrade by Motilal Oswal. The domestic brokerage changed its rating from Buy to Neutral and set a target price of Rs 1,900. Motilal Oswal cited a steep 40% valuation premium compared to Bharti Airtel as a key reason for the downgrade, calling the current risk-reward profile unfavourable. While the company's execution remains robust with strong premiumisation, several concerns remain. The brokerage expects Bharti Hexacom's net debt (excluding leases) to be zero by FY27, and forecasts a rise in dividends from Rs 10 per share in FY25 to Rs 30 per share by FY27. ARPU (Average Revenue Per User) is projected to increase to Rs 284 by FY27, up from Rs 242 in FY25, following an expected tariff hike in December 2025. Post FY28, Motilal Oswal expects a 5.5% CAGR in ARPU, with moderated revenue and EBITDA growth at around 7%. However, the upside in valuation depends on a sharper ARPU trajectory. The brokerage noted risks including higher concentration in Bharti Hexacom's key circles, which may limit incremental gains. Additionally, Gol's 15% stake in the company remains an overhang, compounded by the absence of board representation and past objections related to the Indus Towers deal. Potential corporate actions like divestments could also pressure valuations. Motilal Oswal pointed out that a merger with Bharti Airtel poses a structural tail risk, as the swap ratio may be unfavourable given the elevated valuation. Also Read: From Zoho's Radha Vembu to Nykaa's Falguni Nayar: India's top 10 first-gen women wealth creators in 2025 Due to these factors, Motilal Oswal prefers Bharti Airtel and Reliance Jio over Bharti Hexacom in the telecom space. At 10:04 am, Bharti Hexacom was trading 2% lower at Rs 1,841.2 on the BSE. The stock has surged 24% year-to-date and 74% over the past 12 months. The company's market capitalisation stands at Rs 91,857 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
4 days ago
- Business
- Time of India
SpiceJet shares in focus after NCLT asks lessors to submit valid power of attorney
SpiceJet shares will be in focus on Friday after the National Company Law Tribunal (NCLT) directed three aircraft lessors of the airline to submit a valid Power of Attorney by July 3. The directive came during a hearing on insolvency petitions filed by AWAS 36698 Ireland, AWAS 36694 Ireland, and AWAS 36695 Ireland. The three lessors are seeking insolvency proceedings against SpiceJet over alleged defaults totalling Rs 77 crore in April 2024. During the June 2 hearing, SpiceJet's legal counsel pointed out that the Power of Attorney presented by the petitioners was only valid until February 11, 2025. The airline argued that no updated or currently valid authorisation had been submitted since. 'In order to continue the proceeding by the person who has initiated this petition, there must be a valid Power of Attorney existing at the present point of time,' the NCLT noted in its order. In response, the lessors' counsel requested time to submit updated documents. The tribunal accepted the request and scheduled the next hearing for July 3. Also Read: From Zoho's Radha Vembu to Nykaa's Falguni Nayar: India's top 10 first-gen women wealth creators in 2025 SpiceJet, in operation for 19 years, is facing multiple financial and legal challenges. The airline has been the subject of several insolvency petitions filed by creditors, including Willis Lease, Aircastle Ireland, Wilmington, and Celestial Aviation, across both the NCLT and the appellate tribunal NCLAT. Also Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4 SpiceJet shares closed at Rs 42.29 in the previous session, down 0.9% on the BSE, while the benchmark Sensex rose 0.55%. The stock is down 25% year-to-date and 31% over the past six months. The company's market capitalisation stands at Rs 5,421 crore. Also Read: India's top 10 priciest stocks in 2025: MRF to Elcid, see who tops the list ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
4 days ago
- Business
- Time of India
IREDA shares in focus as firm launches QIP to raise up to Rs 5,000 crore
Shares of state-owned Indian Renewable Energy Development Agency (IREDA) will be in focus on Friday after the company launched a qualified institutional placement (QIP) to raise up to Rs 5,000 crore on Thursday night. IREDA's board has fixed the floor price for the QIP at Rs 173.83 per equity share, as per a stock exchange filing on Thursday. The company may offer a discount of up to 5% on the floor price. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dhoni's Exclusive Home Interior Choice? HomeLane Get Quote Undo The board also approved the preliminary placement document and draft application form related to the QIP. Merchant bankers managing the issue include IDBI Capital Market Services, BNP Paribas , SBI Capital Markets, Emkay Global Financial Services , and Motilal Oswal Investment Advisors. The government's equity dilution through this QIP will not exceed 7%, as per the proposal approved earlier in January. Live Events Also Read: India's top 10 priciest stocks in 2025: MRF to Elcid, see who tops the list IREDA Q4 earnings In the March quarter, IREDA reported a 49% year-on-year rise in consolidated net profit to Rs 502 crore, compared to Rs 337 crore a year ago. Revenue from operations rose 37% YoY to Rs 1,905 crore, up from Rs 1,391 crore in Q4FY24. On a sequential basis, profit after tax grew 18% from Rs 425 crore in Q3FY25. Operating profit for Q4FY25 stood at Rs 770 crore, up 55% from Rs 498 crore in the same quarter last year. Gross NPAs for the March quarter stood at Rs 1,866 crore, compared to Rs 1,845 crore in Q3FY25 and Rs 1,411 crore in Q4FY24. Also Read: From Zoho's Radha Vembu to Nykaa's Falguni Nayar: India's top 10 first-gen women wealth creators in 2025 IREDA share price target and performance According to Trendlyne, the average target price for IREDA is Rs 173, suggesting a potential downside of around 2% from current levels. Of the two analysts covering the stock, the consensus rating is 'Buy'. IREDA shares closed 1.5% higher at Rs 176.5 on the BSE in the previous session, outperforming the Sensex's 0.55% gain. While the stock has risen 2% over the past year, it is down 20% year-to-date. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
India.com
6 days ago
- Business
- India.com
Meet India's richest self-made woman, has net worth of Rs 553000000000, her business is…, she is…
The 2025 Candere Hurun India Women Leaders List announced ten first-generation women wealth creators whose combined wealth is around Rs 2 lakh crore. Radha Vembu of Zoho Corporation is top in the list with Rs 55,300 crore net worth. Vembu has played an important role in software building for the company. She also looks after Zoho Schools and rural development and empowers the community. She is sister of businessman Sridhar Vembu, Chief Scientist at Zoho Corporation. Radha's majority of wealth comes from her stake in the company. She studied in IIT Madras and works as a product manager for the Zoho Email Service. She has around 47.8% stake in Zoho. She generally stay out of the limelight and has rarely given interviews She was also featured in the 8th spot among the top 10 philanthropists, according to the Hurun report. It stated that she has donated Rs 11 crore for women's empowerment, rural development, and education. Other Top Leaders like Shweta Jalan of Advent International have topped the list in the investor category. Rohini Nilekani of Rohini Nilekani Philanthropies topped the list in the Philanthropists category with total donations of Rs 154 crore. At 28, Devanshi Kejriwal, Co-founder and CPO of Skillmatics, is the youngest in the list. She topped the list under the Young Women Leaders category.
Mint
6 days ago
- Business
- Mint
Top 5 First-Generation Women Wealth Creators. Hint it's not Indra K Nooyi
Indian and India-origin women entrepreneurs are constantly shaping the business ecosystem around the world as they build their billion-dollar businesses. The Candere Hurun India Women Leaders List 2025 has showcased the top first-generation self-made wealth creators. Radha Vembu, Kiran Mazumdar-Shaw, Indra K Nooyi, and Meena Sethi were among many other prominent industry names of the top women entrepreneurs who have successfully become the first generation of self-made wealth creators in their families. The data also highlighted that the 'Software and Services' segment was the most dominant sector for these women entrepreneurs, which contributed nearly ₹ 1.11 lakh crore. Retail, finance, healthcare, and media were among the other leading sectors. 1. Radha Vembu: Ranking top of the list is Radha Vembu, an Indian billionaire businesswoman who owns the cloud-based business software multinational giant Zoho Corporation. According to the list, Vembu's wealth stands at ₹ 55,300 crore at the age of 52 years. Radha Vembu is married to Sridhar Vembu and lives at Chengalpattu, near Chennai, Tamil Nadu. 2. Jayshree Ullal: Jayshree Ullal is an Indian-origin British-born billionaire businesswoman who is also the Chief Executive Officer (CEO) and President of Arista Networks, a software services firm. 63-year-old Jayshree Ullal ranked second in the list with her wealth estimated to be around ₹ 48,900 crore, according to the Hurun India list. The CEO is based out of Santa Clara, California, from where she runs the cloud networking company, which designs and sells multiple software products. 3. Kiran Mazumdar-Shaw & Family: The founder of Bengaluru-based biotechnology and biopharmaceutical giant Kiran Mazumdar-Shaw ranked third in the Candere Hurun India Women Leaders List 2025, and her wealth is estimated to be around ₹ 32,000 crore. The 71-year-old industry veteran is based out of Bengaluru and has played a key role in developing India's healthcare industry with the help of her company, Biocon. 4. Falguni Nayar & Family: Online beauty brand Nykaa's (FSN E-Commerce Ventures) founder and CEO, Falguni Nayar, successfully ranked fourth on the Hurun India list with her wealth estimated to be at ₹ 29,000 crore. The 61-year-old CEO is based in Mumbai and has played a major role in developing India's online beauty segment by founding Nykaa with her own money. As of 4 June 2025, the company is listed on the Indian stock market with a market capitalisation (M-Cap) of ₹ 55,721.18 crore. 5. Neha Narkhede & Family: Palo Alto-based Neha Narkhede is the co-founder of the software and service firm Confluent. Narkhede is an Indian-born American whose wealth is estimated to be around ₹ 6,800 crore, which marked her at the fifth rank in the Hurun India list. Other members in the list were Upstox's Kavitha Subramanian at wealth worth ₹ 6,500 crore, Lenskart's Neha Bansal at ₹ 5,100 crore, Former CEO of Pepsico Indra K Nooyi at ₹ 4,800 crore, Knight Riders Sports' Juhi Chawla and family at ₹ 4,500 crore, and lastly, ranking 10th on the Candere Hurun India Women Leaders List 2025 was Meena Sethi and family at an estimated wealth of ₹ 2,700 crore.
