Revolut continues with hybrid working, despite move to new global HQ - Related to despite, global, move, firstcry’s, hybrid

FirstCry’s Company Secretary Resigns To Pursue New Avenues

In an exchange filing, FirstCry noted that Jethani tendered her resignation to pursue "new avenues for professional growth" on February 19.

Omnichannel kidswear brand FirstCry will soon part ways with its organization secretary and compliance officer Neelam Jethani. In an exchange filing, the organization introduced that Jethani tendered her resignation to pursue “new avenues for professional growth” on February 19.

She will continue to serve as FirstCry parent BrainBees’ enterprise secretary and compliance officer till March 25.

The Institute of corporation Secretaries of India (ICSI) accredited professional joined FirstCry in December 2022 after a near three-year stint with manufacturing corporation Schaeffler as a deputy manager.

Her resignation comes at a time when FirstCry’s shares are on a downward spiral. On February 19, the firm’s shares touched an all-time low of INR [website].

The downturn for the shares came after it disclosed its financial performance for the third quarter of the fiscal year 2024-25 (Q3 FY25). The organization managed to narrow its consolidated net loss by [website] to INR [website] Cr in the quarter from INR [website] Cr in the year-ago quarter.

Meanwhile, its top line saw an increase of [website] to INR 2,[website] Cr in Q3 FY25 from INR 1,[website] Cr in Q3 FY24.

During the quarter, the corporation shut 38 of its stores due to undesirable performance levels of these stores. “This is the first time we have undertaken such a cleanup, as we had never closed even a single store before,” noted Supam Maheshwari, cofounder and CEO of FirstCry.

On the other hand, its board approved an INR 300 Cr infusion in its wholly owned subsidiary, Digital Age Retail Private Limited (DARP), which is engaged in retail trade of baby, kids and maternity products.

While the business’s shares have been on a decline since the announcement of their quarterly performance, its shares surged significantly today. Shares of FirstCry ended today’s trading session [website] higher at INR [website].

The increased investor interest came after brokerage JM Financial gave the stock a ‘Buy’ rating and a price target of INR 605.

“Indian equities have seen a tough start to 2025, suggesting the need for portfolio allocation towards low-beta stocks with strong valuation comfort. FirstCry, coincidentally, also saw its pre-IPO lock-in expire during this period resulting in potential buyers holding off while potential sellers liquidated their positions before the event. With over a week since lock-in expired on Feb 10th, 2025, we note that neither have the volumes spiked nor have we seen any block deals, denoting pre-IPO investors’ willingness to hold on to their positions until more effective value is on offer,” the brokerage noted in the study.

FullEnrich, a global data enrichment aggregator for businesses, has raised $2M in its first seed funding round. The round was led by Flex Capital, M-F......

To note, in the past 12 months, the stock has lost more than 39% in value.

Market capitalisation of the organization currently stands at INR 6,[website] Cr.

RateGain Shares Surge 8% During Intraday

To note, in the past 12 months, the stock has lost more than 39% in value.

Market capitalisation of the firm currently stands at INR 6,[website] Cr.

Shares of enterprise tech unicorn Rategain soared [website] to INR [website] apiece during the intraday trading session on the BSE today.

Shares of enterprise tech unicorn Rategain soared [website] to INR [website] apiece during the intraday trading session on the BSE today (February 20), a day after marking its 52-week low of INR [website] per share.

The stock ended the day’s trading session at INR [website] per share on the BSE, a [website] jump from its previous close of INR [website] apiece yesterday (February 19).

It is observed that despite reporting a strong third-quarter earnings, the stock has been on a downward trend, ending nine out of the past ten sessions in red, of which the stock hit its 52-week low in the last four consecutive trading sessions.

RateGain’s consolidated net profit surged 40% to INR [website] Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25) from INR [website] Cr in the year-ago quarter.

Its revenue from operations jumped nearly 11% to INR [website] Cr in the December quarter of FY25 from INR 252 Cr in the same quarter last year.

Founded in 2004 by Bhanu Chopra, RateGain is a global provider of SaaS solutions for travel and hospitality sectors, enabling enterprises to accelerate revenue growth through acquisition, retention and wallet share expansion. The startup points to to cater to more than 3,200 consumers and has a presence in over 100 countries.

To note, in the past 12 months, the stock has lost more than 39% in value, as of its last close.

Market capitalisation of the organization currently stood at INR 6,[website] Cr as of 01:32 PM, with nearly 11 Lakh shares traded hands.

On a broader preview, the Indian benchmark indices have been dull today, influenced highly by the volatile effect influenced by the US President Donald Trump’s tariff plans.

At 02:28 PM, BSE Sensex was trading at 75,[website], down [website] points or [website] while Nifty50 was at 22,[website], down [website] points or [website].

In November last year, the firm firm lowered its FY25 outlook, where it cut its FY25 revenue growth forecast to 15% year-on-year (YoY), a decrease from 20% growth in the same period a year earlier.

However, RateGain maintained its margin expansion growth guidance to 150-200 bps.

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Revolut continues with hybrid working, despite move to new global HQ

Revolut will continue with a hybrid working policy, despite staff imminently moving into new multi-million-pound London headquarters and in contrast to some well-known companies which are ordering staff back to the office.

Revolut co-founder and CEO Nik Storonsky today stated:

"We’re keeping our hybrid working policy across our core markets. Some people work superior from home, and some work superior in the office alongside their colleagues."

Posting on LinkedIn, Storonsky stated he had made an announcement to staff telling them about the policy moving forward, which comes amid some firms ordering staff back into the office full-time.

“Our new global HQ in London will be the ideal setting for those who excel in a modern office environment. This office, as well as many of our other workplaces, will continue to play a crucial role in our growth.”.

Revolut is moving into a new multi-million-pound global HQ in London’s Canary Wharf in May this year. Its office footprint in London is set to increase by more than 40 per cent to 113,000 square feet, taking up four floors of the new building.

Remote working became commonplace during the pandemic, but several big-name firms are ordering staff back to the office full-time. Companies calling staff back to the office include the banks JP Morgan Chase and Barclays, the advertising group WPP and the tech group Amazon.

In January, JPMorgan Chase, which employs thousands in the UK, presented that all workers on hybrid schedules would be required to return to the office five days a week from March. It made the decision after several years of evaluating the benefits and challenges of remote and hybrid working. Citigroup, however, stated that most staff would be able to work remotely two days a week.

Eleven Dynamics AG, a software developer and full-breed integrator of automated and open production solutions, has secured €[website] for its Seed extensio......

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Dixon Technologies India reported a consolidated profit after tax (PAT) of INR 375 Cr in FY24 on an operating revenue of INR 17,691 Cr.