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Subscribe to enjoy similar stories. Bengaluru: By focusing on learning through comprehension rather than by rote, husband-wife duo Sumeet Mehta and Smita Deorah, who founded LEAD Group in 2012, hoped to revolutionize K-12 education in small towns. Their goal was to bridge the knowledge gap in children from less privileged backgrounds.

Subscribe to enjoy similar stories. The 87-year-old poet and former IPS officer Keki N. Daruwalla passed away on the night of 26 September at a Delhi hospital after a prolonged period of illness.

As the Southeast U.S. recovers in the aftermath of Hurricane Helene's destruction, consumers looking to change their air travel plans to or from affected areas without taking a financial hit may be out of luck, experts said.

The country’s top competition watchdog is warning corporate Canada to “buckle up” for a new era of enforcement that will feature tougher merger controls, steeper financial penalties and more frequent challenges, following several rounds of changes to the Competition Act.

Subscribe to enjoy similar stories. As the festival season approaches, Indian passenger vehicle makers (PV) are cautiously optimistic despite a backdrop of declining wholesale dispatches, as well as lower retail sales in September on account of an inauspicious Shraadh period taking up the second half of the month. While passenger vehicle registrations declined 5% in September on a year-on-year basis, wholesales too moderated to account for swelling inventories at dealerships.

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banking system is set to improve to a decadal best of 2.5 per cent in 2024-25, domestic rating agency Crisil said on Tuesday. It, however, flagged concerns around unsecured exposures like personal loans and credit cards, and also the microfinance (MFI) loans made by lenders, pointing out that the segments are witnessing a surge in stress. Credit growth is expected to moderate to 14 per cent in FY25 from 16 per cent in FY24 on the back of lower economic growth expected at 6.8 per cent as against 8.2 per cent in FY24, and the regulatory restrictions through interventions like higher risk weights on unsecured lending which has made lenders cautious, the agency said.

Invesco increased the fair value of public markets-bound online food delivery company Swiggy in its books to $13.3 billion as of July 31, according to a regulatory filing made with the US Securities and Exchange Commission. At the same time, the investor reduced the valuation of fintech firm Pine Labs to $3.3 billion. The valuation ascribed to Swiggy by Invesco was 24% higher than the $10.7 billion value at which the asset management firm invested in the company in January 2022. As of April 30, Invesco valued Swiggy at $12.7 billion. Invesco is not participating in the offer for sale (OFS) component of Swiggy’s upcoming initial public offering (IPO). The Bengaluru-based company has filed an updated red herring prospectus for its public issue through which it is looking to raise Rs 3,750 crore in fresh capital and OFS of up to 185.3 million shares.

Subscribe to enjoy similar stories. Humanity across cultures has always been fascinated by mythologies and hero archetypes of various shades.

London-based online trading platform Freetrade told CNBC Tuesday that it's agreed to buy the U.K. customer book of Stake, an Australian investing app.

Godrej Properties on Tuesday said its board has approved raising of up to Rs 6,000 crore through the issue of securities. In a regulatory filing, Godrej Properties informed that the board has approved the raising of funds for an aggregate amount not exceeding Rs 6,000 crore. The funds would be raised through the issuance of securities, including equity shares, debentures, preference shares and/or any other eligible securities. The fund raising could be in one or more tranches through public and/or private offerings including qualified institutions placement, rights issue, further public offer or any other mode as may be permitted under applicable laws and/or any combination thereof.

Subscribe to enjoy similar stories. In an October 2009 lecture at Central European University, George Soros, the legendary hedge fund manager, shared his views on the concepts of fallibility and reflexivity, first introduced in his book The Alchemy of Finance (1987). Soros reflected, "In the course of my life, I have developed a conceptual framework that has helped me both to make money as a hedge fund manager and to spend money as a policy-oriented philanthropist.

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Subscribe to enjoy similar stories. New Delhi: The government’s renewed focus on setting up thermal power projects in the country and a surge in demand for coal-fuelled power generation have revived the fortunes of BHEL Ltd, India’s largest power equipment manufacturer, two people familiar with the matter said.

Subscribe to enjoy similar stories. Automobile dealers are staring at slowing sales and swelling stocks, after Onam and Ganesh Chaturthi that kick off India's annual festive season failed to revive a protracted slump. Concerns are mounting over whether the upcoming Navratri and Diwali festivals will spark a turnaround, amid record-high inventories, deep discounting and cooling consumer excitement.

Dr Lal PathLabs, India's largest diagnostic chain, is looking at a potentially large acquisition to increase its foothold in south India. If the asset is of a strategic fit, it could look at a deal size of Rs 3,000 crore-Rs 4,000 crore, said a senior company official. «We have around Rs 1,000 crore (net) cash, we can leverage our balance sheet, we can use our equity, size will not hold us,» said Ved Prakash Goel, group CFO, in an interview to ET. «There are people who are there in the market, the (valuation) expectation is high,» Goel said. Dr Lal is typically looking at assets with Rs 300-400 crore revenue, with the right revenue mix, good quality and governance practices. It has formed an M&A team to evaluate potential acquisition opportunities in the market.

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Coldplay’s upcoming concerts in Navi Mumbai are sparking an unprecedented increase in room tariffs at top hotels. The British rock band is slated to perform at three sold-out concerts on January 18, 19 and 21 at the DY Patil stadium in Navi Mumbai. The Courtyard by Marriott Navi Mumbai property is sold out for January 18 and 19 due to the concert. Rooms are available at The Fern Residency Turbhe but for a hefty price of Rs 236,943 (including taxes) for two nights for the dates. Four Points by Sheraton Navi Mumbai will set you back by Rs 135,700 (including taxes) on January 21, the third concert date. The craze is not limited to Coldplay alone. Indians' love for music is triggering a surge in bookings for top musical acts with travel industry insiders reporting a three-to-fivefold jump in online searches for concert-linked experiential trips in India and overseas. Thomas Cook India recently arranged a father-daughter 'music concert bonding' trip in Los Angeles for Rs 14 lakh.

Subscribe to enjoy similar stories. Bengaluru: CarDekho’s early investors including Peak XV, Google Capital and Hillhouse Capital are expected to sell part of their stakes in the automobile marketplace as the company initiates conversations with merchant bankers for an initial public offering next year. CarDekho, which is expected to file its IPO papers in March, may see other early investors also book a profit from its public share offering, two people with direct knowledge of the matter told Mint.

Ashok Leyland Ltd. fell 0.39 per cent to Rs 238.8 in Monday's trade as of 01:07PM (IST) even as the benchmark Nifty ruled at 25883.65, down 295.3 points. The scrip had closed at Rs 239.75 in the previous session. The stock quoted a 52-week low of Rs 157.65 and a high of Rs 264.7. The company quoted a market-cap of Rs 70121.88 crore on the BSE.

Indian banks expect growth in festive period spending through credit cards to be in high single-digits as consumer demand remains subdued, several card issuers and merchants said. «Right now, it's not like the mood is bullish for a big festive season, it seems like wait and watch,» said Sanjeev Moghe, head-cards & payments, Axis Bank. «It's a different market when the economy is growing at 12-15% and it's not growing at that pace. In my own discussion with merchants, I am not sensing a bullish mood. But we are hoping that consumers could positively surprise us.» For the festive period of October to December 2023, banks had recorded credit card spends of nearly ₹4.87 lakh crore. During the October to December 2022 period, banks saw total spends of ₹3.69 lakh crore. In one year, banks had seen growth in credit card spending of over 30%.