INDIAS CAPITALISM

The US investment bank declined to comment on the three forced exits about which a British media outlet reported earlier Friday. Debasish Purohit, co-head of investment banking, Subhrajit Roy, head of capital markets, and Vikram Khaitan who was also...

Finance Minister Nirmala Sitharaman urged a reimagining of economic systems, advocating for India as a responsible capitalist nation. She emphasized India's distinct approach, contrasting it with nations that engage in exploitation for economic gain...

The round also saw participation from existing investor Blume Ventures. The company has raised $96 million in funding till now from the likes of Creaegis, Bessemer Venture Partners, and ICICI Venture.

India installed 16.4 GW of solar power capacity between January and September 2024. This represents a 167% increase compared to the same period in 2023. The growth was driven by the completion of previously delayed projects. As of September 2024, In...

Brigade REAP invested in Settlin, a gig-based residential resale broker. Settlin secured $500,000 in funding. The startup uses data and gig workers for resale transactions. They have sold nearly 1000 homes, totaling Rs 900 crore in value. Brigade RE...

According to two people in the know, ZFunds is in talks with Elevation Capital to lead a Rs 25 crore equity funding round, which will be its first institutional funding round. AssetPlus, which had previously raised equity funding from Rainmatter and...

The Department for Promotion of Industry and Internal Trade (DPIIT) has given the green light to the ?10,000-crore acquisition of Reliance Capital by IndusInd International Holdings (IIHL). This approval clears the final regulatory hurdle for the de...

A report by India's leading health research body found that air pollution caused 1.7 million deaths in 2019. This represents 18% of all deaths in the country that year. The primary cause of death was chronic obstructive pulmonary disease (COPD). The...

The Federation of Indian Chambers of Commerce & Industry (FICCI) under the leadership of its outgoing president, collaborated with the Government of India on initiatives like 'Make in India', 'women-led development', 'farm prosperity', and 'sustaina...

India's economic growth may have slowed down recently. However, the economy is still projected to grow between 6.5% to 7% this fiscal year. Data on e-way bills and e-invoices support this projection. Food prices have been a concern, but inflation is...

India's economic growth is expected to moderate to 6.5% in the second quarter. This is due to heavy monsoon rains and weaker corporate margins. However, government capital expenditure and kharif sowing have shown positive growth. The industrial sect...

Gaja Capital, a mid-market Indian private equity firm, is preparing for an initial public offering (IPO). The firm, known for its investments in companies like RBL Bank and Teamlease, aims to create a pool of permanent capital for new ventures. If s...

Patels Airtemp (India) on Tuesday settled a case with capital markets regulator Sebi related to an alleged violation of disclosure rules by paying a settlement amount of Rs 28.53 lakh. Heavy machinery company Patels Airtemp (India) is a BSE-listed e...

Several companies, including Cochin Shipyard, ONGC, and Info Edge, are approaching their dividend ex-date on November 19th. This means investors have until the end of today to purchase shares and be eligible for upcoming dividend payouts.

Joining RCEP could hinder India's goal of becoming a top investment destination. Experts warn that it could lead to domestic capital flight and harm small businesses. India already has trade agreements with most RCEP members. The World Bank suggests...

A new report by CLSA suggests India is emerging as one of the least affected markets by former U.S. President Donald Trump's trade policies. This resilience is attributed to India's low trade exposure to the U.S., manageable corporate leverage, and ...

Prime Minister Narendra Modi, while addressing the inaugural ceremony of the first Bodoland Mahotsav, commended the Bodo community for embracing peace after the 2020 Peace Accord. He highlighted the region's shift from violence to growth, noting tha...

Niva Bupa, India's first listed multinational health insurer, debuted on the stock exchanges with a 5% premium. The company raised ?800 crore in fresh capital during the IPO to boost its capital reserves.

Murugappa Group is set to acquire Hubergroup, a German specialty chemicals company, for $310 million. The deal, financed through debt refinancing and equity infusion, will expand Murugappa's presence in the global print and packaging sector. Hubergr...