'When you think of cross-border payments, the first things that come to mind are risk, compliance, taxation, speed, and cost.'
The CBDT is investigating Jane Street for possibly misusing the India-Singapore tax treaty.
ICICI Securities expects Jio Platforms' ensuing IPO to fetch "premium valuations", as was the case in the high-profile equity raise of FY21, and has pegged the company's equity value at $148 billion by September 2027.
'We cannot deny that Pakistan also played brilliantly.'
Jio Platforms Limited is likely to have a valuation of $148 billion by the time it goes public on the back of strong free cash flow and potential deleveraging, ICICI Securities said.
This marks the strongest DRHP filing tally since 1996, when 428 firms sought to enter India's equity markets.
Ravindra Jadeja's omission from the India ODI squad for Australia tour raised a few eyebrows but the veteran all-rounder was not surprised as the selection committee and team management had "communicated" to him about their inability to pick him.
S D Burman enjoyed a productive partnership with Dev Anand's production house Navketan for two decades, but their collaboration reached its apogee with Guide.
The Enforcement Directorate has filed a chargesheet against YouTuber Elvish Yadav, singer Rahul Yadav (Fazilpuria), and others, accusing them of money laundering related to wildlife crimes involving protected snakes and lizards.
The aggregate value of private equity (PE) deals in Indian real estate has declined nearly 30 per cent to $3.6 billion in 2023-24 (FY24) as compared to $5.1 billion in FY20, according to a report released on Monday.
'Defence, capital goods, engineering, capital market-related stocks, autos, and cement sectors are my bullish bets for Samvat 2082.'
But they seemed to learn nothing from their past mistakes.
The IPO wave of 2025 is here, and it's bigger than ever. From fintech unicorns to financial powerhouses and infrastructure giants, some of India's biggest names are all set to make their stock market debut. PhonePe, Zepto, Tata Capital, NSE, NSDL, and JSW Cement are just a few of the highly awaited listings that have investors and analysts buzzing with excitement.
PhonePe said on Tuesday it has launched a service that will allow the fintech firm's Indian users traveling abroad to pay foreign merchants using Unified Payments Interface (UPI). 'UPI international' supports merchant outlets in UAE, Singapore, Mauritius, Nepal and Bhutan that have a local QR (quick response) code. Users will be able to make direct payments in a foreign currency from their Indian bank, like they do with international debit cards.
Global private equity (PE) firms are successfully offloading large equity stakes in domestic companies in the open market, taking advantage of buoyant conditions. Strong domestic liquidity support and an upward trending market have underpinned over a dozen PE exits worth $2.5 billion, data compiled by Business Standard shows. The figures exclude PE exits during maiden share sales and shares sold by strategic investors, such as SoftBank and Ant Group in new-age companies.
Reliance Jio, India's biggest telecom operator, is planning to launch an initial public offering (IPO) and listing on bourses in the first half of 2026, billionaire Mukesh Ambani said on Friday. Jio is currently a unit of Reliance Industries Ltd, India's most valuable company.
'We went from zero to about 10 million users in three months. Paytm came out with the wallet play and we came out with the UPI play.'
An Indian may not have been walking the ramp at the 2026 Milan and Paris Spring Summer Fashion Weeks but Indian influences were certainly making their presence felt in unusual ways.
'If you watch songs like Acha Ji Main Haari Chalo Maan Jao Na, Lag Ja Gale or Jhumka Gira Re, you'll notice they're not just a distraction. There's a story unfolding within them.'
Walmart-owned fintech firm PhonePe said it has crossed 500 million lifetime registered users on its platform. With this milestone, 1 in 3 Indians are now on PhonePe. The company said it is the first Indian internet company to have reached this scale globally. This milestone has been achieved in just over 7 years since the PhonePe UPI (Unified Payments Interface) payments launched in August 2016.
True to form, Pant brought up his seventh Test hundred in the most Pant-esque way possible, with a soaring one-handed six off Shoaib Bashir. A
Global investors have been cautious this year to put money into Indian real estate, as private equity inflow is down 44 per cent till December 12 to $3 billion compared to the entire previous year, according to Knight Frank. Real estate consultant Knight Frank India on Thursday released its data showing that the Indian real estate market received $3,024 million in PE investments from 23 deals between January 1 and December 12 this year, as against $5,357 million recorded in 2022.
Fintech major PhonePe on Wednesday announced the launch of its homegrown Indus Appstore specifically for the Indian market, in a bid to compete with global incumbents like Google Play Store and Apple's App Store. The Indus Appstore is PhonePe's attempt at creating a more competitive and localised mobile app store economy for India, which is already the world's largest market for mobile apps.
India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling $7.2 billion -- the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. "This represents a 67 per cent increase in volumes and a 5.4-fold increase in values compared to February 2024, while a 14 per cent increase over the previous month," it said.
The Axiom-4 has successfully undocked and is making its way back to Earth, as observed by Axiom Space and the National Aeronautics and Space Administration (NASA) on Monday.
Investments by private equity and venture capital funds declined by 35 per cent to $4.4 billion in April compared with $6.8 billion in the year-ago period, a report said on Thursday. The number of deals in April stood at 98, which was 56 per cent higher than the year-ago period, the report by EY, a consultancy firm, and industry lobby grouping IVCA said.
'...when they feel that they need me for any format, they would summon. My job is to perform and be ready for call ups.'
Astronaut Shubhanshu Shukla and the Axiom-4 mission crew successfully returned to Earth, splashing down off the coast of San Diego after an 18-day stay at the International Space Station.
Valuations at current levels have historically corresponded single-digit returns.
The battalion launched an attack and came under intense fire from the enemy after reaching the hill top. Singh died in the gun battle and was awarded a Sena Medal posthumously.
Astronaut Shubhanshu Shukla concludes his 18-day stay at the International Space Station, praising India's ambition, confidence, and pride as seen from space. He echoes Rakesh Sharma's iconic words and expresses gratitude to all involved in the Axiom-4 mission.
'After playing strong women like Kavita and Tulsi on television, it would be very difficult for audiences to accept me as a routine running-around-trees heroine.'
'We want to achieve overall profitability, and then we would go for an IPO.'
'We realised that partnering with a strong local player like the JSW Group would create far greater value than going it alone.'
42 years of World Cup triumph: A Day that made Indian cricket what it is
Investments by private equity and venture capital funds into Indian entities fell by 69 per cent to $3 billion during July, a report said on Wednesday. The investments in July are the lowest for any month in a year, and lower than the $4.9 billion recorded across 118 deals in the preceding month of June, the report by industry lobby IVCA and consultancy firm EY said. Going by the number of deals, July 2022 recorded 74 deals, as against 134 deals in the year-ago period, the report said.
Walmart-owned digital payments app Phonepe on Thursday said it has raised $350 million at a valuation of $12 billion in a funding round led by private equity firm General Atlantic. "Marquee Global and Indian investors are also participating in the round," PhonePe said in a statement adding the investment marks the first tranche of an up to $1 billion total fundraise that commenced in January 2023. The fundraise follows PhonePe's recently announced change of domicile to India and full separation from Flipkart.
In the hottest sector of AI, where most global VC funding is going currently, the country's record has not been anything to write home about.
India and the US are expected to have smooth trade negotiations after US President Donald Trump and Indian Prime Minister Narendra Modi had a productive meeting during Modi's visit to the White House last month, Stephen A Schwarzman, chairman, chief executive officer, and co-founder of one of the world's largest alternative investment firms, Blackstone Group, said in Mumbai on Wednesday.
Modi's high praise of Russia as an ally and Putin's leadership came amid ongoing efforts by the Western world to isolate the Russian leader over the war in Ukraine.
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