MUMBAI: Muthoot Fincorp has approved plans to raise up to Rs 4,000 crore through an initial public offering of equity shares and a share split, as part of a broader capital-raising programme cleared by its board on May 16, even as the company reported growth in its latest financial results.In an exchange filing, the company…
MUMBAI: Veteran banker KV Kamath is now the chairman of Jio Financial Services, helping guide its expansion in a crowded market. Kamath, credited with turning ICICI from a staid development financial institution into an aggressive retail powerhouse, remains upbeat on India and technology. Excerpts:PM Modi’s appeal to defer gold purchases and conserve fuel is seen…
NEW DELHI: Around half of India’s online fashion and beauty shoppers are now Gen Z, and platforms are rapidly realigning to keep pace. Significantly, the cohort also boasts 1.5x the e-retail spend share on categories such as lifestyle, beauty, and electronics compared to other age groups, driving growth in a market that has more than…
NEW DELHI: Prime Minister Narendra Modi and his Swedish counterpart Ulf Kristersson on Sunday exhchanged special commemorative gifts to celebrate the legacy of Rabindranath Tagore.According to a statement, Kristersson gifted a two replicas of hand-written epigrams by Tagore, accompanied by a small explanatory text and a photograph of Tagore taken in 1921 during his visit…
MUMBAI : UK’s Prudential plc has doubled down on its India plans, with the British insurer agreeing to acquire a 75% stake in Bharti Life Insurance from Bharti Life Ventures and 360 ONE Asset Management for an initial cash consideration of Rs 3,500 crore. The transaction will hand Prudential both majority ownership and operational control,…
The military government of Myanmar released the text of a bill aimed at combating online fraudsters, with several penalties related to cryptocurrencies and scam centers. According to the text of the Anti-Online Fraud Bill, made public on Thursday, Myanmar’s parliament, the Pyidaungsu Hluttaw, proposed the law in response to online fraud in the country, which…
NEW DELHI: Amid concerns among students over possible loss of marks due to the use of On-Screen Marking (OSM) for evaluating Class XII examinations, Central Board of Secondary Education (CBSE) on Sunday sharply reduced the fees for obtaining answer sheets, verification and re-evaluation, even as it defended the digital evaluation system as a globally accepted…
NEW DELHI: PM Narendra Modi’s visit to the Netherlands ended Sunday with 17 outcomes in all, including agreements on migration and mobility, green hydrogen and defence cooperation.Along with the war in Ukraine, Modi and Dutch PM Rob Jetten also discussed the situation in West Asia, calling for freedom of navigation and global flow of commerce…
Bitwise Asset Management has launched a US-listed investment product tied to Hyperliquid, offering investors spot exposure to the token and staking rewards linked to the decentralized derivatives platform. The fund, trading under the ticker BHYP on the New York Stock Exchange, is the second US-listed Hyperliquid product to launch this week. Bitwise said the fund…
NEW DELHI: Ministry of external affairs on Sunday expressed deep concern after Iranian strikes targeted the Barakah nuclear facility in the United Arab Emirates, calling the attack a “dangerous escalation” amid rising tensions in the Gulf.“India is deeply concerned at the attack targeting the Barakah nuclear facility in the UAE. Such actions are unacceptable and…
