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…
Jon Gray, President and COO of Blackstone, speaks during the Axios BFD event in New York City, U.S., October 12, 2023. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Blackstone president Jon Gray on Tuesday defended the quality of loans within the firm’s flagship private credit fund after investors pulled nearly 8% from it in the last…
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NEW DELHI: In a major move to strengthen patient safety, India has, for the first time, brought blood components used in transfusions under uniform pharmacopoeial standards, tightening regulatory oversight of blood banks and transfusion services nationwide. The step is accompanied by stricter quality specifications for widely used medicines—from tuberculosis and diabetes drugs to cancer therapies—aimed…
The Indian rupee weakened sharply on Wednesday, slipping to a record closing low of 92.05 against the US dollar as soaring crude oil prices and global risk aversion linked to the Iran crisis weighed heavily on the domestic currency.The rupee depreciated by 56 paise during the session, pressured by rising energy costs, foreign fund outflows…
Sovereign wealth funds were buying the dip in bitcoin BTC$91,392.19, according to BlackRock CEO Larry Fink. “We’re seeing more and more legitimate, long-holding investors investing in it,” Fink said Wednesday at the New York Times DealBook Summit in New York. “I can tell you there are a number of sovereign funds […] they are adding…
Stablecoin giant Tether is in discussions to lead a €1 billion ($1.16 billion) funding round for Neura Robotics, a German start-up developing AI-powered humanoid robots. The potential deal would value Neura between €8 billion and €10 billion, the Financial Times reported, citing sources familiar with the talks. If finalized, the investment would represent a sharp…
NEW DELHI: West Bengal chief minister Mamata Banerjee on Friday launched a scathing attack on Prime Minister Narendra Modi, alleging that he should resign first if voter lists contained names of infiltrators.Speaking at a rally in Dakshin Dinajpur, she said: “If voter list contained names of infiltrators, Modi also won with their votes earlier, so…
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