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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 rise of operators like Halwasiya epitomises India’s current stock market boom led by unheard-of growth (or manipulation) in small, unheard-of stocks.
Aditya Halwasiya who?
The 29-year-old entrepreneur wasn’t exactly a name to be reckoned with in India’s business landscape until recently. In fact, his tryst with listed companies began in January last year when he bought a Rs 9.5 crore stake and earned a board seat at Apollo Micro Systems, a Hyderabad-based aerospace and defence equipment manufacturer. At the time, his biodata described him as a third-generation entrepreneur of the Kolkata-based Universal-Halwasiya group, which mostly deals in lubricants and oil and has a turnover of Rs 2,000 crore. Nothing to write home about, really.
But things heated up in September last …
Capital productivity remains below pre-pandemic levels, helping explain why private investment has failed to respond more strongly to the government’s push.
After battling rising prices and a slowdown, HUL, Tata Consumer Products and Nestle India are showing signs of recovery. But the threat of inflation still looms.
Trent is accelerating Westside’s expansion as growth at Zudio slows. But replicating its value-retail playbook in the mid-premium segment will be harder than it looks.
