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.
Take a look at the arrivals.
Get Ahead reader Sarbani Sengupta tells us what she thinks of dessert chain Mad Over Donuts.
The branch of New York's venerable Le Cirque, at the Leela Mumbai hotel, is the latest in a wave of overseas-based high-end eateries to enter India.
Swiggy, a Bengaluru-based food ordering and delivery start-up, says it aims to revolutionise this segment.
It showcases products that help the differently abled live an independent life.
In yet another deadly attack on Indians and Indian-Americans in the United States in recent months, a 34-year-old trained classical dancer from India and a student of Washington University, was shot dead in St Louis, Missouri.
Merely being prosecuted on money laundering charges is not a sufficient ground to deny permission for passport renewal, a special court in Mumbai has said while granting nod to former Maharashtra minister Anil Deshmukh's son to apply for renewal of his passport.
British Prime Minister Rishi Sunak, a 'devout Hindu', issued his greetings for Diwali and Bandi Chhor Divas on Saturday expressing hope for a brighter tomorrow.
Master Chef judge Vikas Khanna talks about Junior Masterchef Swaad ke Ustaad.
The blast occurred on Tuesday evening at Himachali Rasoi restaurant, known for serving Himachali cuisines, located in Middle Bazaar adjacent to the fire brigade office in the heart of the city.
What follows is essentially a long scene set in a single location, and you watch in amazement as the scene grows into one of Indian cinema's funniest and most spectacular pieces of sustained craftsmanship, accumulating emotional power and subtext, growing wings and claws, becoming its own beast, applauds Sreehari Nair.
The Old War Office (OWO) of Britain's World War II era prime minister Winston Churchill opened its doors as a brand-new luxury hotel in London with a glittering launch event, complete with surprise musical performances by musicians Lord Andrew Lloyd Webber and Andrea Bocelli. Princess Anne - the Princess Royal, the sister of King Charles III, officially unveiled the plaque for The OWO after a tour of the hotel with Hinduja Group co-chairman GP Hinduja on Tuesday evening. British Prime Minister Rishi Sunak also made a quick stopover, along with parliamentarians, entrepreneurs, hoteliers and stars of film and television.
rediffGURU Kanchan Rai, founder Let Us Talk, offers advice on how to navigate problems in a relationship.
Proprietors Yadgar Marker and his daughter Phiroza launched a "Save India Club" appeal as they fought to keep it going but have now announced its impending closure.
Suchana Seth, the CEO of an AI start-up arrested for allegedly killing her four-year-old son, was quiet throughout her journey from Goa to Karnataka in a taxi, said the driver of the vehicle on Friday.
For four decades, his voice united millions of Indians for an hour every Wednesday as he brought Hindi cinema's greatest songs in an unparalleled radio broadcast.
'Blade Runner' Oscar Pistorius asked a friend to take the blame for him accidentally discharging a pistol under the table of a posh Johannesburg restaurant in January 2013, a month before he killed his girlfriend, his murder trial heard on Wednesday.
Living up to name: Beed's Little Sachin Dhas lives his father's dream
Word spread that Leo was in the vicinity and hundreds of fans gathered outside the Don Julio restaurant for a glimpse of the man who brought the World Cup to Argentina in December.
The wedding was attended by several of the couple's friends including Chris Hemsworth (who plays Thor in the Marvel Cinematic Universe) and his wife Elsa Pataky, Robert Downey Jr (Iron Man in the MCU) and Susan Downey, Jeremy Renner (Hawkeye in the MCU), John Krasinski and his wife Emily Blunt.
It was not just these instances but also some images from the Congress' 'Bharat Jodo Yatra' last year when it was passing through the state remain etched in people's memory.
Former president A P J Abdul Kalam made a surprise visit to his favourite vegetarian restaurant in the arterial Anna Salai in Chennai for dinner on Thursday night putting security personal into tenterhooks.
Before winter ends, it's time to give undhiyu a try!
The South Delhi Municipal Corporation's decision to make washrooms in hotels and eateries open to the public for a fee highlights India's failure to expand access to toilet facilities.
Indian sweet, snack, and restaurant chain group Bikanervala, with revenues of over Rs 3,000 crore, is working towards an initial public offering (IPO) for its food company in the next three years. Before that, it could also bring in private equity (PE) investors. The low-profile Aggarwal family-owned group company, Bikanervala Foods (which also sells under the brand name Bikano), operates in the snack business.
On-demand convenience platform Swiggy's food delivery business has turned profitable, making it one of the very few global players in the sector to achieve such a feat in less than nine years since inception, company CEO and co-founder Sriharsha Majety said on Thursday. Bullish on India's journey of eating out and food delivery, Majety, in a blogpost, said, Swiggy is "very sanguine about the growth potential over the next two decades" and would continue to drive further growth in food delivery. "Our sharp focus on innovation, coupled with strong execution has led to yet another milestone.
Reader Ashwyn Sathanantham sent us this picture from Wellington.
Anushka looked stunning in an orange ensemble, while Virat looked dapper in a black shirt.
Thirty six years down the line, the restaurant still continues to serve people and is famous as the place where Sobhraj was arrested.
The point made by sociologist M N Srinivas, that it represented a Sanskritic act that was linked to caste, is never raised in Indian debates and the disapproval of drink is almost universal, notes Aakar Patel.
The devotion to the deity is such that even commerce is not untouched by the spiritual feel in the holy city. Images of the grand temple is finding places even on visiting cards, posters, calendars and even signages.
Hotel room tariff in Ahmedabad, airfares shoot up ahead of India-Australia final
'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.'
After Mumbai Police commissioner issued the directive, the police commissioners of Thane and Navi Mumbai followed suit citing concerns of 'serious crimes' and 'law and order disruptions'.
'Don't be scared of the people who are trying to make a fool of you, those people who trying to pull you down...it is their insecurities that make them behave the way they do.'
Vir Sanghvi spills some secrets
It's mid-morning and the two-kilometre stretch from Rashbehari Avenue to Gariahat Market is bustling with activity. Dotted with saree shops and hawker stalls that sell everything, from hairpins, hangers and towels to hosiery, mobile phone covers and kurtas, this is one of South Kolkata's busiest shopping areas. And it is beginning to wake up to the Paytm crisis.
The FMCG sector is generally considered to be a safe haven during difficult times as people never stop buying soap and toothpaste. However, weak rural and semi-urban demand has been a factor since the lockdowns of 2020-21 while rising inflation has also impacted margins. While the FMCG majors have survived on the basis of price hikes and good management practices, they have seen growth slowdowns and experienced margins being squeezed as raw materials and transport costs rose. The FMCG sector witnessed positive volume growth in the fourth quarter of the 2022-23 financial year (Q4FY23) after five consecutive quarters of decline, and the rebound in demand was led by urban markets.
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