He seems to have struck a chord with young entrepreneurs.
'Many do not have robust business models, and their prospects of survival and long-term growth are poor.'
The government on Saturday gave its approval to Shipping Corporation of India's plan to invest $20.88 million for 33.77 per cent stake in a joint venture company to be set up in Panama.
The promoters who own the Leela brand will also be transferring the label to Brookfield for all hospitality businesses.
Corporate India is busy restructuring - through mergers, demergers and splits. That seems to be the new normal as CXOs and boards brainstorm on how to create assets and value. The pitch rose significantly during the third quarter of this financial year (FY24), translating into $32.9-billion worth of such deals - the highest quarterly total since the HDFC Bank-HDFC merger announced in FY22 Q2.
Mukesh Ambani-owned Reliance Industries (RIL) is in discussions to acquire a 29.8 per cent stake in Tata Play from the Walt Disney Company, according to sources close to the development. This move is seen as part of RIL's broader strategy to deepen its footprint in India's television distribution sector. Tata Sons, the holding company of the Tata group, currently holds a 50.2 per cent stake in the satellite television broadcaster.
'Companies like Tesla and others have been given a long rope in India.'
IPO-bound hospitality major Oyo's India Chief Executive Officer (CEO) Ankit Gupta and the head of its Europe business Mandar Vaidya have resigned. A company spokesperson told Business Standard that the two had moved on from their roles six months ago in March 2023. During the same period, Oyo had rejigged its top management, where the company's COO Abhinav Sinha was reassigned as Chief Product and Technology Officer, while Chief Business Development Officer Anuj Tejpal was reappointed as Global Chief Merchant Officer.
The Pinjari family faced a devastating turn of events as siblings Jishan and Jia were swept away with two others by a strong wave in the Volkhov river in Russia.
'The transition from payment banks to SFBs is only permissible for banks not owned by corporate entities.'
Tahlia McGrath and Ellyse Perry kept Australia's hopes alive as they put together a dogged partnership in the post-lunch session on Day 3.
ICICI venture firm, RFCL Ltd acquired Alved Pharma and Foods. RFCL aims at banking on Alved's southern market in animal healthcare business.
'Unlike in the sporting arena, where sports federations moved from partisan to impartial referees, in Indian democracy's biggest festival, it appears we are moving backward from unbiased and objective to one-sided and partisan,' observes Nilanjan Mukhopadhyay.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
A Russian skier died while six others, including a local guide, were rescued as an avalanche struck the ski slopes of Gulmarg in Jammu and Kashmir on Thursday, officials said.
National Aeronautics and Space Administration will soon provide advanced training to Indian astronauts, with the goal of mounting a joint effort to the International Space Station, a top American diplomat said Friday.
The exports in 2022-2023 was $79 billion, compared to imports of $50 billion.
'Even last time, when I defeated Shatrughan Sinha, I did not take his name.'
Blume Ventures sets a breakneck speed in two years of existence; time will tell if the strategy works.
Each bottle of pickle that leaves FarmDidi, headed to a consumer, has a little kahani behind it -- it's linked to the tale of a life, the life of a simple, striving village woman who created it, and that's what gives Manjari Sharma satisfaction and happiness.
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
Had you invested Rs 10,000 each in JSW Steel, Titan Company and Bajaj Finance 20 years ago, when they were just penny stocks (trading below Rs 10), you would have become a millionaire by now.
The government believes firms which are subject to China's laws could be forced to hand over information to Beijing's security services.
High-end apartments, penthouses, and bungalows boasting amenities like swimming pools, expansive driveways, and premium interiors are becoming highly sought after.
Bharti Global, the international investment arm of Bharti Enterprises, has decided to buy 24.5 per cent equity in BT Group - a move that will make the Indian conglomerate the biggest shareholder in the UK's second-largest telecom company both in terms of market value and subscriber count. The shares are being purchased from billionaire Patrick Drahi's Altice UK through a combination of cash and debt .
Images from Day 3 of the first Test between India and England in Hyderabad on Saturday.
There is more appetite for failure both in entrepreneurs and early-stage investors, say analysts
As consumers in India seek variety and innovative products, there's a lot of interest among investors for healthier products.
The recovering valuations, will lead to enhanced optimism among investors about funding startups.
An exclusive excerpt from The Tatas: How A Family Built A Business And A Nation.
The administration is geared up for more showers as the India meteorological department has warned of heavy to very heavy rains with isolated extremely heavy rains in several districts of the state till Thursday morning.
To invest $1 bn in realty sector, mulls new funds; has done exits worth Rs 8,000 crore, says founder
Havelock should be your destination for 2024. It is love at every sight!
'We added a significant number of freshers in Q1. You will see a good number of hiring in Q2 as well.'
Private equity and venture capital funds' investment in the country continued to fall in May, with the overall values declining by nearly 44 per cent to $3.5 billion, a report said on Monday. The dedicated funds had invested $6.2 billion in May 2022 and $7.4 billion in the preceding month of April 2023, representing a dip of 44 per cent and 52 per cent, respectively, as per the report by industry lobby IVCA and consultancy firm EY. "Despite a recovery of sorts being seen in tech sector indices and some of the large global tech names, sentiment in India for tech sector investments has been lacklustre, and fundraising by Indian startups has been sluggish," the firm's partner Vivek Soni said.
The UK-based BAE Systems has zeroed in on M&M and is believed to have signed a Memorandum of Understanding (MoU) after holding talks with at least two other leading corporates -- Tatas and Larsen and Toubro (L&T) for its Indian Land Systems project, sources close to the development said.
