Veterans in the travel industry, a well-known corporate lawyer, and a marquee US-based hedge fund have backed the upcoming low-cost airline Akasa Air. Founded by former Jet Airways chief executive officer (CEO) Vinay Dube, the venture counts ace stock trader and investor Rakesh Jhunjhunwala as its biggest financial backer with an investment of around Rs 300 crore. A person with knowledge of the development said most of the people were well known to Jhunjhunwala and Dube, who approached them during the conception stage.
I stumbled upon shares worth around Rs 300,000 in my late father's name, which are currently with the Investor Education & Protection Fund, points out Harsh Roongta.
'In a country like India where entrepreneurship is not common except in commercial or merchandise families, the situation is different today.'
Satwiksairaj Rankireddy and Chirag Shetty became the first Indians after Dinesh Khanna to be crowned champions at the 2023 Badminton Asia Championships on Sunday.
India's economy grew 6.1 per cent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 per cent, official data showed on Wednesday.
A presidential advisory sub-committee has recommended the federal government to extend the grace period for H1-B workers, who have lost their jobs, from the existing 60 days to 180 days so that the workers have enough opportunities to find a new job or other alternatives. "The immigration subcommittee recommends the Department of Homeland Security and the US Citizenship and Immigration Services (USCIS) to extend the grace period for H1-B workers, who have lost their jobs, from 60 days to 180 days," Ajay Jain Bhutoria, member of the President's Advisory Commission on Asian Americans, Native Hawaiians, and Pacific Islanders, said on Tuesday. In his presentation, Bhutoria highlighted the significant challenges faced by H1-B workers laid off from their jobs.
There will be a lot to repair and rejuvenate -- if that opportunity even presents itself, warns Rathin Roy.
Wimbledon debutant Eubanks ends Tsitsipas's challenge in fourth round.
Brand India's societal divisions and distortions have remained as much relevant in 'liberal' America and Europe as it still is in the structurally stratified Indian society of the 21st century, observes N Sathiya Moorthy.
IMAGES from Day 9 of the US Open, at the USTA Billie Jean King National Tennis Center, Flushing Meadows, New York.
This sort of property is better suited for an investor rather than an end user.
Jet airways crew member Chaphekar recalled her experience of how she survived the horrible attack and her determination and courage not to give up when things were falling apart.
India has much to be proud of and celebrate. But there is also much that is wrong, much that looks dangerous. Employment, current account deficit, rural distress, agricultural productivity are all in deep crisis, points out Shekhar Gupta.
Take a look at his best looks on the ramp.
The International Olympic Committee (IOC) too, is going big on popularising e-Sport with Singapore being confirmed to host the inaugural Olympic Esports Week in June next year.
Treesa Jolly and Gayatri Gopichand continued their impressive run, dishing out another superlative performance to advance to their second successive semi-finals at the All England Championships.
The EV industry is at an inflection point and batteries will play a critical role ahead -- batteries and related components typically constitute 35-45 per cent of an EV's costs.
Images from Day 3 of the US Open, at Flushing Meadows, New York.
Walmart-owned digital payments firm PhonePe has decided to halt its proposed acquisition of Goldman Sachs- and Xiaomi-backed ZestMoney, a Bengaluru-based buy now, pay later (BNPL) platform. The deal, which was poised to fetch anywhere between $150-200 million and $300 million, has hit a snag over lapses in due diligence, disagreements over valuation, sustainability of the business, and shareholding structure of ZestMoney, according to people familiar with the matter. The collapse of the deal is also being attributed to a slowdown in the financial technology (fintech) sector in the midst of a funding winter, difficult regulatory environment, and macroeconomic uncertainty, informed other sources.
'Or because I am getting a s**tload of money.'
Amazon had decided not to participate in the bidding as the company did not find it a viable option for growth in India
'It is a worrying trend as we are not seeing too much fresh capital being raised for new projects, plants, expansion or diversification. It's just private equity or venture capital or promoters cashing out.'
Even if the Paytm fiasco does not mark the end of the bull run, at least some sanity will return to the wild IPO market, observes Debashis Basu.
Bumrah, Chahar, Kaul get their first dose of COVID vaccine.
Jehanabad: Of Love And War authentically captures Bihar's political skullduggery and caste violence, observes Deepa Gahlot.
India's climate change goals are turning combustible. On the one hand, a protracted dispute between the government and manufacturers over subsidies threatens to slow the pace of electric vehicle (EV) sales. On the other hand, repeated assertions by different arms of the government over banning sales of new fossil fuel-fired vehicles have queered the pitch for energy investments. Before we address the issue of the recommended diesel vehicle ban in the recent report on energy transition, issued months before the next round of global climate talks begin in Dubai in November, let's look at what's at stake.
Brokerages expect Nifty50 firms to post 11.8% growth in net profit in Q1 but sales may decline
'There are worse things than being stuck with your in-laws during a nation-wide lockdown. Like actually enjoying being in that situation.'
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
Everybody knows he's a master of sublime, but Mani Ratnam's brilliance in escalating drama delivers a goosebumps-inducing impact when bolstered by A R Rahman's musical gravitas,
'Calendar year 2023 is going to be big as pessimism takes a back seat.'
Multiplex chains are rushing to smaller towns
Ola Electric became the latest among electric scooter (e-scooter) makers to have started the exercise of recalling a specific batch of its model after a rap on the knuckles by the government. Union Minister of Road Transport & Highways Nitin Gadkari on Thursday advised electric vehicle (EV) companies to act responsibly by identifying and recalling defective batches without waiting for orders or guidelines from the ministry. The Bengaluru-based start-up is conducting pre-emptive diagnostics and health check on 1,441 scooters, it said in a statement on Sunday.
'In FY23, PV sales are expected to end the year at a record 3.8 million units, up 26 per cent. In FY24, however, the industry is expecting 5-7 per cent volume growth'
A mysterious noise, like that of an explosion, rattled southern parts of the Bengaluru urban district, parts of Ramanagara district and Hosur in neighbouring Tamil Nadu on Friday, sending people into a tizzy.
Indian economy is poised to do better on the back of reforms undertaken by the government and is expected to clock a 6.5-7 per cent growth in the remaining part of the decade, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. Addressing reporters here after the tabling of the Economic Survey in Parliament by Finance Minister Nirmala Sitharaman, Nageswaran said that by and large, inflation is likely to be "well behaved" in FY2023-24 barring headwinds. "My optimism is that in the coming decade, rest of the decade, the potential GDP growth, without taking into account export potential, because global economy is still rife with uncertainty, the growth rate would be around 6.5 to 7 per cent, rather than between 6 per cent and 6.5 per cent," he said.
'I try to take it one day at a time. Short term goals help me a lot. There is always pressure to perform and I am hoping I am better equipped this time around.'
