Buisiness

ChrysCapital has secured $2.1 billion for its private equity fund, marking the biggest capital raising by an Indian buyout shop, according to people familiar with the matter. The firm’s latest fund is two-thirds bigger than its last raise of $1.25 billion in 2022, and beat the record $1.7 billion raised by Kedaara Capital last year….

Binny Bansal, cofounder, Flipkart BENGALURU: Flipkart cofounder Binny Bansal launched a new startup, Opptra, which specialises in developing franchise business portfolios. Opptra will license and sell branded consumer goods online, combining market expertise, digital-first brand building, and a centralised supply chain to accelerate market entry.“Many consumer brands have the potential to scale globally, but navigating…

NEW DELHI: Govt capital expenditure, tax cuts for middle class income groups to boost consumption and monetary easing will help India’s GDP growth exceed 6.5% for fiscal 2025-26, global ratings agency Moody’s said on Wednesday.“Following a temporary slowdown in mid-2024, we expect India’s economic growth to reaccelerate and record one of the fastest rates among…

Infosys chairman Nandan Nilekani BENGALURU: The future of energy will be a decentralised structure, with millions of small producers buying and selling power in a way that mirrors Unified Payments Interface (UPI), Infosys chairman Nandan Nilekani said at an event hosted by Arkam Ventures in Bengaluru on Wednesday.“The next UPI is energy,” said Nilekani, who…

NEW DELHI: A day after Airtel announced a deal to market the satellite internet services of Elon Musk’s Starlink in India and supplement its network coverage, Mukesh Ambani’s Reliance Jio too joined the bandwagon, coming out with a twin deal, making it a strong entry ecosystem for the American satellite company. But it will take…

MUMBAI: IndusInd Bank shares plunged 27% on Tuesday to Rs 656, erasing Rs 19,000 crore in market value — the sharpest drop in its history. The fall followed the bank’s disclosure of Rs 2,100 crore derivatives accounting discrepancy, cutting net worth by 2.4%. The stock hit its lowest since Nov 2020, making it Nifty 50’s…

MUMBAI: Summer is here, and so is some refreshing news for consumers! In a significant ruling, the Gauhati high court has held that fruit pulp and juice-based carbonated drinks are not just “water or carbonated water alone.” That means they attract a lower Goods and Services Tax (GST)— falling under the lower 12% GST slab…

MUMBAI: Despite recent uncertainties related to global tariff wars and the sharp slide in the two leading Indian indices, global financial major Morgan Stanley has not changed its year-end sensex target of 105,000 points by Dec 2025. Calling India ‘A stock pickers’ market’, Morgan Stanley’s strategists and economists, led by Ridham Desai, said that India’s…

NEW DELHI: Zydus Lifesciences on Tuesday said it has entered into negotiations to acquire a majority stake in France-based Amplitude Surgical, a medtech firm, for 256.8 million euro (around Rs 2,500 crore). The company is in talks with PAI Partners and Amplitude Surgical’s management, and two minority shareholders, for 85.6% of the firm’s stake at…

NEW DELHI: Hong Kong-based Caravel Group Acquire has announced the acquisition of International Maritime Institute, a leading maritime training institute, and is seeking to upgrade the facility in greater Noida to ensure that more Indian seamen get to command ships.India is among the top global suppliers of seamen, next only to the Philippines, and group,…