The number of mergers and acquisitions (M&As) in August that involved private equity (PE) funds was the lowest in nearly three years. There were 26 such deals last month, according to data from tracker Refinitiv (part of London Stock Exchange Group). The last time monthly deal numbers were so low in recent times was January 2021 when Covid cases were picking up during the second wave of the pandemic.
After a brief lull during the pandemic, there is a strong revival in luxury car sales, bolstered by more launches across price bands, replacement demand, ban on old diesel vehicles in the NCR, and 'revenge buying'.
Around 6,967 tech employees lost their jobs in Bengaluru, the highest among Indian cities, partially because of its evolution in recent years as a start-up hub.
India has incurred the third highest losses globally due to Internet shutdowns in 2023.
The exports in 2022-2023 was $79 billion, compared to imports of $50 billion.
Among India's tech companies, education-associated start-ups are the worst affected, recording the maximum number of layoffs.
The inactivity of Go First may help other airlines in India's competitive market as it had a 7.8 per cent market share.
'With one more year remaining in the term, and 58 average sitting days a year, the 17th Lok Sabha is unlikely to sit for more than 331 days.' 'This could make it the shortest full-term Lok Sabha since 1952.'
If a bank shuts down, every account holder it has will get back their money for a maximum limit of Rs 5 lakh. It was Rs 1 lakh before.
The March 2020 lockdown did not stop the spread of infection (as it triggered a huge reverse migration from cities), but it did help to flatten the curve and gave time to scale up health infrastructure.
A parliamentary committee report on empowerment of women from February 2019 noted that the number of cases 'could be higher as many times cases against coaches also might have gone unreported/not complained against.'
The second quarter results of banks show that net profits for the industry increased 57 per cent annually. The private sector banks recorded a 64 per cent rise in profits, whereas the net profits of public sector banks jumped 50 per cent in this period. A significant portion of this increase can be attributed to the rise in credit costs and a decline in non-performing assets (NPAs).
Indian cities need $840 bn investment over 15 yrs, says World Bank report.
Some of India's largest companies have seen a slowdown in the growth of temporary, contract and casual jobs, as compared to the increase in their total workforce. The absolute number of such jobs is up 30 per cent between financial year 2017-18 and 2021-22 (FY18-22), shows an analysis of data collated from the annual reports of S&P BSE 100 companies. Forty-eight firms were considered for the final analysis based on the availability of uniform data across the last five years. In comparison, the total workforce numbers are up 36 per cent in the same period.
India on average lost 44.85 years of a lifetime due to Type 1 diabetes in 2021.
The number of cybercrime incidents in 2021 has gone up by 18.4 per cent since 2019, but the number of such cases against women has risen at a significantly steeper 28 per cent, data released by the National Crime Records Bureau showed. Of the 52,974 incidents reported in 2021, 10,730 - 20.2 per cent - were reported as cases of crime against women, the data revealed. Cybercrimes against women primarily include instances of cyber blackmail, threatening, cyber pornography, posting/ publishing of obscene sexual materials, cyber stalking, bullying, defamation, morphing, and creation of fake profiles.
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