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Cognizant says it is focusing on designing and executing AI projects better than rivals, rather than relying mainly on price cuts to win business.“So this is something that we are very careful when we first review the deal before we submit our bids. We look at very carefully how the need is constructed, and what is the solution because you don't win some of these deals on price point.

Subscribe to enjoy similar stories.Early investors in Billionbrains Garage Ventures Ltd, the parent company of Groww, are set to offload shares worth up to ₹4,750 crore ($498 million) through a block deal on Tuesday, according to a term sheet reviewed by Mint.The proposed transaction involves the sale of up to 268.4 million shares, representing around 4.3% of Groww’s existing total outstanding shares, through one or more on-market transactions on Indian stock exchanges.The floor price for the sale has been set at ₹177 per share, reflecting an 8.5% discount to Groww’s closing price of ₹193.52 on the National Stock Exchange on Monday.The sellers in the transaction include Peak XV Partners Investments VI-1, Sequoia Capital Global Growth Fund III – U.S./India Annex Fund LP, Y Combinator's YC Holdings II LLC, Ribbit Capital V LP, Ribbit Cayman GW Holdings V Ltd, and GW-E Ribbit Opportunity V LLC.The proposed stake sale comes months after Groww’s strong stock market debut and sharp post-listing rally. The issue comprised a fresh equity issue worth ₹1,060 crore and an offer for sale (OFS) of 55.72 crore equity shares by existing shareholders.Shares of the company, which listed at ₹100 apiece in November last year, opened at premiums of 12-14% on the NSE and BSE.

Subscribe to enjoy similar stories.Acko General Insurance Ltd has appointed investment banks for an initial public offering in India that could value the startup at up to $2 billion, according to three people familiar with the matter.The Bengaluru-based company has selected ICICI Securities Ltd, Kotak Mahindra Capital Co, and the India unit of Morgan Stanley to manage the share sale, one of the persons said, asking not to be identified because the information is not yet public.Mint had reported on 14 December 2025 that the General Atlantic- and Multiples-backed insurtech firm was preparing for an offer that could raise $300–400 million.The offering is expected to include a mix of a fresh issue of shares and an offer for sale by existing investors, the second person confirmed.Mint has reached out to Acko, ICICI Securities, Kotak Mahindra Capital Co, and Morgan Stanley India for comment.Acko intends to file its draft prospectus through the confidential pre-filing route before the end of this calendar year, the third person said.Under regulations introduced by the Securities and Exchange Board of India, the confidential filing mechanism allows companies to undergo regulatory review without immediately disclosing detailed financials and business strategies. It also gives issuers the flexibility to withdraw the offering without public disclosure if market conditions deteriorate.The IPO push comes as Acko reports improving financial metrics.For the fiscal year ended March 2025, the company posted revenue of ₹2,837 crore, up 35% year-on-year.

A year after it acquired AGS Health from EQT in a billion-dollar transaction, global private equity firm Blackstone has hired bankers to plan a listing for the company at three times the buy value, three people with knowledge of the development said. The company, which is now being valued upwards of $3 billion, will look to raise around $500 million from the public market listing, these people added.AGS, which provides a host of services, including medical billing, claim submission, denial management and medical coding, has appointed investment banks JM Financial, Jefferies, ICICI Securities, Nomura and JP Morgan India and others for the IPO.“It will be a mix of primary plus secondary share sale,” said one of the people cited above.

Reliance Jio was waiting for the government's nod for 2.5% public shareholding norms, and will now move ahead with its plans to tap the capital markets.Last week, the finance ministry allowed large companies above a certain market cap to list with just 2.5% stake sale through public offers, as against the minimum 25% requirement earlier.The rules allow companies with a post-issue valuation of above ₹5 trillion ($54 billion) to dilute a minimum of 2.5% equity, a drop from the previous 5% limit. The easing will also help companies such as the National Stock Exchange (NSE) to successfully list on Indian exchanges, Mint reported earlier.Mint also reported this month that India has emerged as the second-largest IPO market globally by proceeds and the most active by number of deals in 2024, with companies raising about ₹1.6 trillion across more than 300 listings.

Subscribe to enjoy similar stories. Indian households hold nearly 34,600 tonnes of gold, valued at over $5 trillion, according to a report released by Morgan Stanley in October 2025. This stock is larger than India’s nominal GDP of $4.1 trillion, as estimated by the International Monetary Fund.

Subscribe to enjoy similar stories. India is expected to see heightened momentum on cross-border mergers and acquisitions (M&A) and initial public offerings (IPOs) through 2026 as companies worldwide look to monetise their stakes and take advantage of the country's rich valuations, top executives at JP Morgan said at a media round table on Tuesday.

Subscribe to enjoy similar stories. Bankers don’t import or export sneakers or cars. But that doesn’t mean they are immune to tariffs.

IPO) for its portfolio company Straive in India, said people familiar with the matter. EQT has appointed Axis Capital, JP Morgan and Morgan Stanley to manage the offering for the edtech-focused data and solutions provider, the people said.

Jade Cargill lost her first match post the WWE Elimination Chamber 2025 when she faced off against the Women’s Tag Team Champion Liv Morgan in Bologna last week. Her upcoming storyline hints at an intense competition with Morgan and Naomi. WWE added Cargill to their talent roster in September 2023, and she immediately established herself as a prominent figure in pro wrestling.

Cyclone Alfred, a category 2 storm in the Coral Sea, is likely to make landfall on Saturday morning (Australia time). Air New Zealand has announced that it has stopped operations in and out of Brisbane and Gold Coast in the face of the impending storm. While announcing the decision to suspend operations, Air New Zealand' chief operational integrity and safety officer Captain David Morgan stated that flights would resume only after the Australian authorities give the all clear and restore roads and rail connectivity to the affected airports. «Customers are advised not to travel to the airport and those impacted have been contacted directly with rebooking options. We also encourage customers to ensure their contact details are up to date in their booking, so we can reach them if needed. We understand some customers may no longer wish to travel to or from areas affected by the cyclone, so we are offering additional flexibility for affected customers. Customers ticketed to travel to or from Brisbane or the Gold Coast up to and including Sunday, 16 March, have the option to defer travel within seven days of their original booking or place the value of their ticket into credit,» Morgan was quoted as saying by New Zealand website RNZ.co.nz.

Royal Bank of Canada has followed Toronto-Dominion Bank and Bank of Montreal in leaving the banking industry’s largest climate-finance alliance.

HSBC is winding down itsM&A and equity capital markets (ECM) businesses in Europe and the US. While insiders purport to be surprised, the closures have an air of inevitability. HSBC's bankers are peculiarly unproductive in terms of revenues per head. In the Americas, Dealogic says HSBC ranked outside the top 10 for M&A and ECM last year. In Europe, it squeezed in with a ninth position in ECM, down from 7th in 2023. 

Nomura's FX business is not what it was. Bloomberg reported this week that eight people have left and noted that the Japanese bank hired David Leigh from Deutsche Bank to find some replacements. 

Canada’s largest banks may be the next group to walk away from the industry’s biggest climate-finance alliance.

Premier League standings, continuing City's recent struggles. Unai Emery’s Aston Villa came out strong from the start, with Jhon Duran opening the scoring in the 15th minute after converting a brilliant pass from Youri Tielemans. Villa continued to dominate, and Morgan Rogers, who struck against his former club, sealed the victory with a goal on the hour mark. City were unable to respond, with key players like Erling Haaland and Jack Grealish failing to make an impact. Also Read: Luigi Mangione attains cult figure-like status, gets 54 emails, 87 letters and 163 financial deposits in Pennsylvania jail; sparks massive fan following

JP Morgan India chief executive officer PD Singh is among three candidates shortlisted by Standard Chartered Bank to succeed Zarin Daruwala as the chief executive officer for India and South Asia, people familiar with the matter said. Rahul Shukla, group head for commercial and rural banking at HDFC Bank, and Venugopal Ranganathan, chief risk officer (CRO) at Standard Chartered, are the two other names submitted to the Reserve Bank of India (RBI) for the CEO post, the people said. Daruwala retires from the bank in March after eight years at the top job.

With a total 99.6% of the votes in favour of the deal, JFJ will acquire £144.3m of assets from JSGI, in consideration for issuing 23.3 million in ordinary shares related to the merger. The deal was first announced in July, when JP Morgan said it would merge the two strategies into one all-cap portfolio with assets under management of the combined vehicle set to surpass £1bn. Largest Japanese equity investment trust prepares merger to create £1bn portfolio At a general meeting on Thursday (24 October), around 39% of JSGI's share capital representing slightly over 21.1 million shares...

Bank of America may run the risk of ending up being quite behind the likes of Goldman Sachs and JP Morgan in terms of its earnings in coming days, and there are already inclinations of the same, according to the latest stats available. However, its stocks still went up, relying on its dedicated base of investors, but things may not stay the same for long, if the latest problems within the top bank's bracket are not addressed.

JP Morgan has initiated coverage on Ultratech Cement and 3 other cement stocks with an upside potential of up to 31% on the belief that the sector is set for consolidation with the larger players likely to become more aggressive. “India cement sector looks set for consolidation with the larger players turning aggressive,” said JP Morgan in its note.

Following JPMorgan, Citi, Goldman and Bank of America, Morgan Stanley today announced its third quarter results. They look great if you're a shareholder. They seem less good if you're an employee.