MUMBAI: US-based private equity (PE) firm General Atlantic is buying a minority stake in Rajkot’s Balaji Wafers amid growing investor appetite for local snack food brands. The companies did not disclose the financial terms of the deal announced on Thursday. General Atlantic, it is learnt, is picking up a 7% stake for over Rs 2,000…
NEW DELHI: Prime Minister Narendra on Thursday had a telephonic exchange with Brazilian President Luiz Inacia Lula De Silva.According to a statement by the ministry of external affairs, both the leaders reaffirmed their commitments to strengthen India-Brazil strategic partnership“Prime Minister Narendra Modi received a telephone call today from the President of Brazil, Luiz Inácio Lula…
Check out the companies making the biggest moves in premarket trading: Procter & Gamble — The consumer packaged goods company shed nearly 1.5% after its fiscal second-quarter revenue missed expectations. Procter & Gamble reported revenue of $22.21 billion, less than the $22.28 billion expected from analysts polled by LSEG. However, its earnings of $1.88 per…
NEW DELHI: The European Union has renotified the list of products on which preferential tariffs for Indian goods will continue until Dec 2028, officials said.Over the years, benefits for Indian exports under the generalised system of preferences (GSP) have been reduced and around 47 per cent of India’s exports to the EU, valued at $35.6…
A record surge in activity on the Ethereum network is likely being driven by scam-related behavior rather than genuine user growth, according to the bank’s analysts. Source link
MUMBAI: Tiger Global and Microsoft will fully exit PhonePe as the Walmart-owned fintech gears up for a debut on Dalal Street in the coming months. The first Indian business from Walmart’s stable to go public, PhonePe is seeking to raise about Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). Walmart, which holds…
NEW DELHI: Amid tariff trouble, for Indian commercial missions the message from the Prime Minister’s Office (PMO) and the commerce department is clear: “Har ek country zaroori hota hai”.PMO officials have held at least five meetings with Indian missions, ministry of external affairs and trade bodies, underlining the need to step up trade engagement for…
Representative image (ANI) JAMMU: Ten Army soldiers were killed and 11 wounded around noon Thursday when an armoured troop carrier skidded off a narrow mountain road in J&K and plunged nearly 200ft into a gorge. The six-wheel truck was heading to a counterterrorism operation in the upper reaches of Doda district, a remote, forested area…
Retail traders leaned on their 2025 playbook and bought the dip this week as market volatility surged. Stocks posted their worst day since October on Tuesday after President Trump threatened to take over Greenland and announced tariffs on eight European nations that opposed him. But the market rebounded on Wednesday after Trump announced a “framework”…
Trump files $5 billion lawsuit against JPMorgan over 2021 debanking Source link
