India's economic growth rate is estimated to slip to a four-year low of 6.4 per cent in 2024-25, mainly on account of poor showing by the manufacturing and services sector, according to government data released on Tuesday. The gross domestic product (GDP) rate of 6.4 per cent will be the lowest since the Covid year (2020-21) when the country witnessed a negative growth of 5.8 per cent.
Close to $18 billion that Reliance Jio and Reliance Retail mopped up from a slew of private equity transactions in 2020 has pushed up the money inflows through this route by 108 per cent to $33.8 billion, according to an industry report. As per the data collated by Refinitiv, private equity investments increased 108 per cent in 2020 over the previous year, with the number of deals jumping from 665 in 2019 to 791 in 2020 at $33.8 billion, despite the pandemic. In 2019, total PE deals stood at $16.2 billion. Most of the fund inflows were in the third quarter, fetching $24 billion, which, however, tapered off in Q4 to just about $4.57 billion, as per the data from the agency that tracks financial transactions at a global level.
The police received over 500 complaints alleging that many social media influencers and YouTubers promoted the HIBOX mobile application on their pages and lured people into investing through the app, the officer said.
A bench of Justice Chandrachud and Hima Kohli got annoyed when a lawyer sought time to argue a matter and said he has circulated a letter for adjournment.
Fundraising by Indian corporates through equity and debt reached all-time high in the calendar year 2024, according to primedatabase.com. The overall public equity fundraising stood at Rs 3.7 trillion in 2024, a rise of 159 per cent from Rs 1.4 trillion in 2023. If Rights Issues of Rs 25,973 crore were to be added, the overall equity fundraising would touch nearly Rs 4 trillion in 2024.
The third edition of Fever FM's SuperWomaniya Awards 2024 was held at the ITC Grand Central hotel in Mumbai, and several stars made sure to walk the blue carpet.
The Securities and Exchange Board of India (Sebi) on Thursday debarred Pacheli Industrial Finance and six others entities from the markets in its bid to crack down on a "pump and dump" case, substantiated by a probe into Rs 850 crore preferential allotment and examination of alerts around price movement of the firm's stock.
'If you are not prudent, you may exceed your budget, and if it happens too often, you may end up in debt.'
Salman Khan returned to his hosting duties on Bigg Boss 18 just days after his close friend and NCP leader Baba Siddique was killed.
Market reaction to the Union Budget was overall neutral. The income tax "gift" wasn't enough to move the needle. There was some apparent rationalisation of Customs duty structure as well as cuts on import duties of some key components for the telecom and IT industry and duty cuts on vehicle imports. Other proposals related to development of agriculture and rural economy and renewables seem to be generally positive.
Investments totaling over $9.5 billion in Jio Platforms by a clutch of private equity firms, following social media giant Facebook's $5.7 billion mid-April investment in the company, helped overall.
'Why would she agree to be part of a film, where she has to play second fiddle to another leading lady?'
The Union Budget 2025-26, while promising a new framework for smoother mergers and acquisitions (M&As), has plugged a major loophole on carry-forward losses for a total of eight assessment years between amalgamating company and amalgamated company from the date of loss instead of date of the merger. For all mergers effected on or after April 1, 2025, the losses can be carried forward only for the residuary period (counting from the date of loss).
'I told President Obama, "Mr President, do you realise that the person who is likely to become the prime minister of India in two weeks, does not have a visa, and you are talking about having great relations between India and the USA, how are you going to do it?".'' 'His answer was that this is not right and that he'll have somebody from the White House and the State Department reach out to me.'
The quarter also saw exits worth $1.9 billion across 37 deals, 59 per cent higher YoY. This was driven by one of India's largest PE-backed IPO exit, the $1-billion partial exit by Carlyle in the SBI Cards IPO.
The Ajrakh print has taken 2024 by the storm.
The Supreme Court on Friday stayed the emoluments of the newly appointed interim vice-chancellors of state-run universities in West Bengal and asked Governor CV Ananda Bose to sit with Chief Minister Mamata Banerjee "over a cup of coffee" to resolve the deadlock over appointment of VCs.
'Binary fission will happen -- startups will lead to more startups.'
In a video that went viral on social media ahead of India's clash against Pakistan in the Emerging Teams Asia Cup, Haris revealed that talking about India is forbidden in the dressing room.
The performance of banking and information technology (IT) stocks has had a significant impact on the composition of diversified mutual fund (MF) portfolios. Over the past two months, these sectors have become increasingly dominant, now constituting nearly 30 per cent of the total allocation in many diversified MF portfolios.
'While investors need to be prepared for making some losses, they should not lose big money chasing euphoria amid fear of missing out.'
Prime Minister Narendra Modi announced that he will hand over his social media accounts to women achievers from different walks of life to mark International Women's Day on March 8. In his monthly "Mann Ki Baat" address, Modi said these successful women will talk about their work and experience on his social media accounts. He also renewed his appeal to people to take measures to deal with the growing problem of obesity and encouraged people to visit research laboratories or planetariums to mark National Science Day on February 28. Modi highlighted India's progress in space science and artificial intelligence, and emphasized the importance of celebrating and respecting the indomitable spirit of women. He also spoke about the diversity of India's wildlife and the importance of conservation efforts.
'Ghar pe bait ke comment karna easy hai and sports khelna difficult.'
Ahead of Republic Day, the Indian Army announced on Thursday the addition of two new features to this year's parade: battlefield surveillance systems and a Defebce Research and Development Organisation tableau showcasing Pralay, short-range ballistic missiles.
PhonePe via Bharat Bill Payment System (BBPS) plans to get into a number of new verticals, including fee payments in schools and colleges, payments at hospitals and other services
Shiv Sena-Uddhav Balasaheb Thackeray MP Sanjay Raut on Wednesday blamed Congress leaders in Maharashtra for the delay in Maha Vikas Aghadi's seat-sharing talks for the upcoming assembly elections.
With the rapid evolution of channels like quick-commerce and the emergence of ONDC, the Indian retail industry is 'cautiously optimistic' for 2025, in which new-age technologies such as AI and automation will play a crucial role, driving efficiency and personalisation.
Since the Centre tightened the Press Note 3 norms in April last, as many as 150 private equity/venture capital investment applications from China and Hong Kong are pending with the government, starving the country's start-up ecosystem of funds, says a report. The Press Note 3 (PN3) changes were effected in April, restricting foreign direct investment from countries that share land borders with India. Analysts are of the view that the move was primarily aimed at China as lot of private funds were investing billions into domestic companies.
Newer asset classes such as data centres and rental housing gained prominence among investors.
PE firms are looking at various ways to protect their nominee directors.
'I told him I would send the food to his hotel, he said, "No, I want to experience the hospitality".' 'He came and sat and I just kept staring.' 'He said, "Tu baith mere saath".' 'When I sat down with him we both looked up at the glass ceiling. And do you know what we saw?'
According to the IVCA-EY report, July recorded 10 large deals worth $3.1 billion compared to 13 large deals worth $7.1 billion in July 2019.
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.
Siemens's share price has lost ground in the past few sessions following weak management commentary. The management indicated challenges to the growth outlook due to stagnant private capex and concerns over semiconductor shortages for digital industries. Government infra-spending may regain momentum from January 2025.
Why are financial-technology (fintech) players moving back to India, or doing the reverse-flipping?
After Yes Bank was placed under moratorium, digital payments were impacted as PhonePe, which depends on the cash-strapped lender for its transactions, could not operate. Even the bank's own net banking facilities have not been operational since last evening. Other fintech operators who rely on Yes Bank to settle their transactions are also down.
Instead of the minority stake they held earlier, now they have controlling stake in many firms
'She is the gorgeous Lata, the love of my life.'
While 2017 was a record year for private equity investments in India after $23.5 billion in 660 deals, 2018 too has begun with a bang.
Fund managers said investors remained positive on the pharma manufacturing activity in India, which further strengthened during the Covid-19 period, on account of restrictions imposed on pharma imports from China.
