MUMBAI: Institutional investors usually dominate pre-IPO placement, but a host of star individual fund managers crowded ICICI Prudential Asset Management’s (I-Pru MF’s) pre-IPO book. The family offices of two of India’s software sector pioneers – Azim Premji of Wipro and Shiv Nadar of HCL Group – also invested in this round, merchant bankers said. They…
Rural India’s economic health is booming, with 80% of households reporting increased consumption and 67.3% of income now dedicated to spending. A significant 42.2% saw income growth, and optimism for the next year is at its highest since September. Capital investment has also surged, driven by strong consumer demand and income gains, not credit issues….
BENGALURU: The Delaware Bankruptcy Court in US reversed its earlier $1 billion default damages judgment against Byju Raveendran and ordered a fresh phase of proceedings to determine whether any damages are owed, according to an amended order issued after Raveendran filed a motion seeking correction. The court held that damages were not determined on the…
Bitcoin BTC$93,087.73 clawed back to $93,000 on Thursday as traders digested the Fed decision, but altcoins mostly didn’t join in the bounce. Slipping to $89,000 after the Federal Reserve’s Wednesday rate cut and a sharply lower open for U.S. stocks, bitcoin recently was trading at $93,000, up marginally over the past 24 hours. Altcoins mostly…
Businesses can now open current and overdraft accounts with more banks as the RBI has raised the loan threshold for restrictions to Rs 10 crore. This move offers greater flexibility, allowing companies to manage payments and collections across a wider banking network. The revised framework, effective April 1, 2026, aims to reduce dependence on single…
Microsoft CEO Satya Nadella emphasized cyber resilience as crucial for sovereignty, warning that isolation from global threat intelligence creates vulnerabilities. He highlighted AI’s role in evolving software development and announced significant AI partnerships in India, underscoring a new era of innovation driven by data and multi-model reasoning for enhanced decision-making. BENGALURU: Microsoft CEO Satya Nadella…
NEW DELHI: Clarifying the procedure for inquiry into a sexual harassment at workplace complaint, when accused and survivor belong to two different offices or departments, Supreme Court on Thursday ruled it will be the jurisdiction of the Internal Complaints Committee (ICC) constituted at the workplace of the aggrieved woman to hold inquiry and not by…
Mexico’s Senate approved a bill imposing 5-50% tariffs on over 1,400 Asian products, including India’s, starting next year. This move, targeting China’s massive output, could significantly impact India’s automotive and auto parts exports, valued at $1.1 billion. The tariffs aim to boost Mexican revenue and potentially ease US trade pressure. Mexico’s Senate Wednesday voted in…
‘Prefer Our Own Assessment To Make Policies’ NEW DELHI: Different global organisations, including environmental think tanks, may be ranking India on different green parameters, but the country prefers its own assessment for policy formulation instead of banking on “external” findings on pollution, sustainability and disaster resilience. Environment ministry made the country’s stand over such global…
Chainlink’s LINK token fell nearly 5% over the past 24 hours to $13.74 on Thursday, reversing early gains despite a major announcement from Coinbase. Earlier in the day, Coinbase revealed it had selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to power a new bridge connecting its $7 billion in wrapped assets, including cbETH, cbBTC and cbDOGE….
