MUMBAI: Blackstone chairman & CEO Stephen Schwarzman said that the new tariff regime in the US has the potential to boost growth and increase American consumption demand.“I think it is too early to tell because you don’t know how this is all going to work out. I think it will result in a significant increase…
NEW DELHI: Aviation industry personnel in India have made a beeline for joining Saudi Arabia’s soon to be launched second national carrier Riyadh Air, that is owned by the Public Investment Fund (PIF) of Saudi Arabia.The airline website’s career portal has been open for two years on which pilots, cabin crew members, ground, maintenance staff…
Retail investors maintained their mutual fund investments in February despite market volatility, with a slight dip in SIP contributions and equity inflows. Shift towards flexicap funds was noted, while small and midcap funds faced declines. Gold ETFs saw strong annual inflows but dropped monthly. The overall AUM reduced mainly due to mark-to-market losses in equity…
ChrysCapital has secured $2.1 billion for its private equity fund, marking the biggest capital raising by an Indian buyout shop, according to people familiar with the matter. The firm’s latest fund is two-thirds bigger than its last raise of $1.25 billion in 2022, and beat the record $1.7 billion raised by Kedaara Capital last year….
Binny Bansal, cofounder, Flipkart BENGALURU: Flipkart cofounder Binny Bansal launched a new startup, Opptra, which specialises in developing franchise business portfolios. Opptra will license and sell branded consumer goods online, combining market expertise, digital-first brand building, and a centralised supply chain to accelerate market entry.“Many consumer brands have the potential to scale globally, but navigating…
Infosys chairman Nandan Nilekani BENGALURU: The future of energy will be a decentralised structure, with millions of small producers buying and selling power in a way that mirrors Unified Payments Interface (UPI), Infosys chairman Nandan Nilekani said at an event hosted by Arkam Ventures in Bengaluru on Wednesday.“The next UPI is energy,” said Nilekani, who…
NEW DELHI: A day after Airtel announced a deal to market the satellite internet services of Elon Musk’s Starlink in India and supplement its network coverage, Mukesh Ambani’s Reliance Jio too joined the bandwagon, coming out with a twin deal, making it a strong entry ecosystem for the American satellite company. But it will take…
NEW DELHI: Govt capital expenditure, tax cuts for middle class income groups to boost consumption and monetary easing will help India’s GDP growth exceed 6.5% for fiscal 2025-26, global ratings agency Moody’s said on Wednesday.“Following a temporary slowdown in mid-2024, we expect India’s economic growth to reaccelerate and record one of the fastest rates among…
MUMBAI: IndusInd Bank shares plunged 27% on Tuesday to Rs 656, erasing Rs 19,000 crore in market value — the sharpest drop in its history. The fall followed the bank’s disclosure of Rs 2,100 crore derivatives accounting discrepancy, cutting net worth by 2.4%. The stock hit its lowest since Nov 2020, making it Nifty 50’s…
MUMBAI: Summer is here, and so is some refreshing news for consumers! In a significant ruling, the Gauhati high court has held that fruit pulp and juice-based carbonated drinks are not just “water or carbonated water alone.” That means they attract a lower Goods and Services Tax (GST)— falling under the lower 12% GST slab…