In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
Overall, the People's Liberation Army Air Force (PLAAF) has focused on building ground-based air defense networks and network-centric operations rather than trying to match the Indian Air Force (IAF) in terms of straight fighter numbers along the border. All air assets fall under the Western Theater Command of the PLA, the largest geographic region of China's five military theater commands.
India's economic image is not affected due to Adani Group's recent decision to pull out Rs 20,000 crore FPO (follow-on public offers) amid allegations of financial wrongdoings, Finance Minister Nirmala Sitharaman said on Saturday.
P-notes are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. According to Securities and Exchange Board of India (Sebi) data, the value of P-note investments in Indian markets -- equity, debt, and hybrid securities -- stood at Rs 90,580 crore at April-end, compared to Rs 87,979 crore in March.
Stretched valuations and slowdown in DII flows are some of the reasons why Goldman Sachs cut its India rating to 'market-weight'
India's most powerful prime minister in five decades gets publicly admonished -- if gently -- by the US vice-president. The question is, would this make him reflect on how and why, or which ones of his government and party's missteps exposed his flank like this? asks Shekhar Gupta.
Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations.
Defence Minister Rajnath Singh on Tuesday handed over to the Army a raft of home-grown military hardware including unmanned aerial systems, quick reaction fighting vehicles, patrol boats and surveillance equipment for boosting its overall combat capability in eastern Ladakh.
'N Ram and I met on the lawns of Mani Shankar Aiyar's bungalow.' 'I pulled out a rolled printout from my jacket and handed it to him.' 'In the cut-throat world of journalism, this was like high treason.' 'But letting a story be killed because you can't publish it is a bigger crime than passing it to the competition,' recalls Shekhar Gupta.
China on Tuesday announced that its Defence Minister General Li Shangfu will visit India this week to attend the meeting of SCO defence ministers from April 27 during which he is expected to hold talks with his Indian counterpart Rajnath Singh on ending the prolonged eastern Ladakh standoff which has severely strained bilateral ties.
'We should build a military with the capability to fight today's war on priority -- balancing it with the requirements of the future,' says Lieutenant General Anil Chait, one of the Indian Army's most cerebral thinkers who recently retired as chief of the Integrated Defence Staff, in his agenda for the new defence minister.
Missing the deadline for filing Income Tax returns can lead to consequences.
'For the first time, all major countries are discovering India's indispensability to their own foreign policy interests.'
'Recent underperformance notwithstanding, equities should constitute a major part of investors' financial portfolio.'
The US wants its trade with India to grow multi-fold, Assistant Secretary of State for South and Central Asia Nisha Desai Biswal told lawmakers.
Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N Sathiya Moorthy.
'The Army must always be balanced in response.' 'Rabble rousers will demand that it be given a free hand against anti-national elements in the streets. That is exactly what the adversaries want.' 'Burning the Kashmir Valley through the summer is their desire; the Army will never contribute to enhancing their aim,' says Lieutenant General Syed Ata Hasnain (retd), who served as the General Officer Commanding 15 Corps in Kashmir.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
'Supplies should start moving to the Serum Institute without any impediments.'
Not just from the likes of Alibaba and Didi Chuxing, Indian startups saw a surge in Chinese funding from financial investors in 2019. This is a seven-fold jump from $459 million in 2016.
When Anand Mahindra becomes non-executive chairman in November, Shah will become the first professional MD and CEO in the history of the Mahindra group to have a complete oversight of and responsibility for the Mahindra group businesses.
Given the security dilemma prevailing between India and China, India should curb the operation of Chinese telecom companies in India, asserts Dr Rup Narayan Das.
'This is probably why the late General Bipin Rawat, who hails from the Garhwal Himalaya, said that the existing roads are fine with the army.'
Ranganath has held several leadership positions.
Prime Minister Modi, who is in Japan on a two-day visit to attend a summit of the Quad leaders at the invitation of his Japanese counterpart Fumio Kishida, penned an op-ed on the vibrant relations between India and Japan in the Yomiuri Shimbun.
The Tiger Global-backed company says the layoffs would affect all teams.
L&T Housing Finance on Thursday announced selling L&T Investment Management (LTIM) to HSBC Asset Management (India) at $425 million. LTIM is the investment manager of the mutual fund business of L&T. The divestment of the mutual fund business is in line with the strategic objective of L&T Finance Holdings of unlocking value from its subsidiaries to strengthen its balance sheet, it stated in a press release. The data from the Association of Mutual Funds in India (Amfi) shows L&T Mutual Fund (MF) has average assets under management (AAUM) worth Rs 78,273.80 crore, while HSBC MF has AAUM of Rs 11,314.32 crore as in the July-September quarter.
The elephant in the room will permeate the conversations, predicts Rup Narayan Das.
'The new order cometh, sweeping out the old,' notes Ambassador B S Prakash.
India-China relations have always attracted Parliament's attention and there have always been useful and productive and constructive discussions how to engage with China, notes Rup Narayan Das.
15 per cent of startups in Silicon Valley are founded by Indians.
With two ministers and four deputy ministers, the minority community will have better representation in the government to look into the well-being of Malaysian Indians, the New Straits Times said on Thursday.
US Secretary of State Michael Pompeo and Defence Secretary Mark T Esper will visit India on October 26 and 27 for the high-level dialogue aimed at further boosting defence, security and global strategic ties between the two countries.
'Despite the current tension at Doklam and the risk of escalation on the Himalayan land frontier, it is the Indian Ocean we need to worry about more,' says Nitin Pai.
Trump can afford to say that COVID-19 is a 'China virus', but we can't expect Modi to say that aloud while his actions may speak louder, says Rup Narayan Das.
'In South Asia, unlike Southeast, East, or Central Asia, there is a natural hegemon: India. China cannot cast it aside easily'
In January, Gopalakrishnan had donated Rs 225 crore (Rs 2.25 billion) to set up a brain research centre in a joint effort between IISc and a trust formed by him and his wife.
Justifying the docking of Chinese submarines in Karachi and Colombo, a Chinese think tank questioned criticism in India of the presence of Chinese naval ships in the Indian Ocean, saying China has a right to protect its interests and India should be "broad-minded" to accept it.
Rup Narayan Das reveals the towering Odisha leader's role in improving national security after the 1962 War with China.
Pakistan's offer to normalise relations with India is an attempt to buy temporary peace due to its economic and politico-strategic compulsions, notes Brigadier Narender Kumar (retd).
