MUMBAI: PhonePe has secured a go ahead from markets regulator Sebi for its IPO, people aware of the matter said. The Walmart-owned company is seeking to raise around Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). If it proceeds with a Rs 12,000-crore offer, it will be the second biggest Dalal Street…
MUMBAI: Uncertain political and economic environment, combined with weakness of the dollar and rising industrial demand for silver pushed gold and silver prices to record levels on Tuesday, both in the international and domestic markets.Gold broke above the Rs 1.5 lakh/10gm mark for the first time while silver traded above the Rs 3 lakh/kg mark,…
NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) exposure to the equity market has for the first time reached 10%, as the retirement fund body looks for avenues to augment its income to sustain the persistent high annual returns amid falling govt bond yields, where nearly 85% of its investible corpus is parked.“EPFO is allowed…
MUMBAI: Inspira Global, which owns the Chinese Wok brand, is acquiring Burger King India operator Restaurant Brands Asia (RBA). As part of the deal, Everstone Capital will exit RBA by selling its entire 11.3% stake to Inspira Global for about Rs 460 crore. The quick service restaurant space has been going through a slowdown on…
MUMBAI: The rupee weakened for a fifth consecutive session on Tuesday, closing at 90.98 to a dollar, down 7 paise from the previous session, after breaching the 91 mark and sliding to a one-month low intraday amid rising geopolitical tensions and sustained selling in domestic equity markets.The currency opened marginally weaker and slipped to 91.05…
NEW DELHI: After the US, India, along with Germany and the UK, has emerged as the second most popular destination for investment, a survey of global CEOs by PwC said Tuesday. Nearly 13% of global CEOs preferred India as an investment destination in 2026, up from 7% in 2025, with 35% identifying the US as…
HYDERABAD: Energy transition player AM Group (AMG), which is backed by the founders of Greenko Group, plans to set up a 1GW (gigawatt) high-performance AI infrastructure hub in Greater Noida region, with an investment of $25 billion.The high-performance compute hub to cater to global AI workloads will be developed in a phased manner, with the…
New Delhi: The country’s core sector growth accelerated to a four-month high in Dec. Data released by the commerce and industry ministry on Tuesday showed the eight core sectors, spanning coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, rose an annual 3.7% in Dec, faster than the 2.1% in Nov but…
MUMBAI: A weakening rupee is pushing Toyota to accelerate localisation and exports from India.“It (weaker rupee) pushes us for more localisation, but it also pressurises us for exports,” Tadashi Asazuma, deputy MD of Toyota Kirloskar Motor, told TOI in an interview ahead of the launch of the company’s first electric vehicle in India. The rupee…
The prediction market platform Kalshi will be preliminarily ordered by a superior court justice in Massachusetts to halt its online sports business there. Source link
