Inside Financial News

₹950 a day during the peak season. He even helped his relatives and their friends—five people in all—enter the business, getting them work in the Anandapur facility a decade ago. Shaow eventually moved to take up work with another employer in 2024, but they stayed on.On 26 January, a massive fire on the premises gutted a unit owned by Pushpanjali Decorators and the adjacent one, owned by food chain Wow! Momo, killing at least 25 people, among them Shaow’s relatives and their friends.A preliminary investigation found serious lapses at the godown, which had been functioning without a fire clearance certificate.

ChatGPT quite baffled me by commanding me to stop eating batteries and definitely not put one in the microwave again. It sent a page of instructions on how to remove a battery after it had been heated in an oven, and asked whether there was any burning, irritation, or metallic taste in my mouth. It urged me to get to a doctor on the double.

total annual income and liquid net worth as on the date of application.Liquid net worth is calculated by adding capital and free reserves and subtracting fixed assets such as pledged securities, unlisted securities, doubtful debts and advances, prepaid expenses and losses, intangible assets, and 30% of the value of marketable securities.Additional documents such as demat statements may also be required.The process involves a fee of ₹5,000, along with a certificate fee of ₹5,000 for two years or ₹9,500 for three years, according to CDSL Ventures Ltd.Once accredited, you enjoy various flexibilities and exclusive investment opportunities.The GIFT City AIFs with a minimum ticket size of $150,000 are available at $10,000 to accredited investors, investment in Portfolio Management Services (PMS) and AIFs which have minimum ticket size of ₹50 lakh and ₹1 crore for non-accredited investors are also offered at a lower ticket size to AIs.They are also exempted from the ₹10 lakh minimum limit of investing in Specialised Investment Funds.

Every financial crisis has a moment, usually identified only in retrospect, when an obscure product intended to mitigate risk spreads through what author Rick Bookstaber called “tightly coupled” interconnections to cause widespread damage. The first sign is lots of hard-to-understand stories that seem unrelated, except that they all involve a single sector.Think of all the stories in 2006 and early 2007 about subprime mortgages, underwriting fraud and various other technical-sounding events that seemed far removed from the real US economy and retail investors—until they weren’t.

a “Chinese Warren Buffett” in a LinkedIn profile, was convicted in 2013 of defrauding customers in a $50 million Ponzi scheme. He was sentenced to six years in jail and released in 2019.

The Indian stock market is in a clear downtrend. We had barely taken a breather from harsh tariffs, and now we find ourselves caught up in the consequences of a war.Given our dependence on oil and gas imports and trade with West Asia, this has serious implications for India. And the markets are reflecting that.The pain is much sharper in broader markets than what indices reflect.

₹23,000 crore, based on unlisted share prices. A large syndicate of bankers will also help widen investor outreach and support book-building for the offer.At current unlisted valuations and the indicative offer size, NSE’s IPO could become India’s largest ever.

Mint.India’s hotel industry is entering a an expansion cycle which is fuelled by domestic travel and the increasing shift of independent hotels to branded operators. "Domestic travel will remain the main driver of demand as India has 100 million people travelling and international inflow will only be a bonus," Baljee said.The company has 120 operational hotels, and 48 are in the pipeline.

Mint. Price was not a factor but the presentation on the screen definitely was. Like a moth to a light, the bright yellow colour drew her in and she tapped on it.That instinctive and irrational add-to-cart moment is exactly what Swiggy is betting Noice can engineer on a large scale.When the company rolled out the food and beverage (F&B) brand in the middle of last year, it did not resemble a routine back-end grocery experiment.

₹144.51 crore, the latest escalation in a decade-long dispute with former promoter Kalanithi Maran and KAL Airways Pvt. Ltd.The case concerns enforcement of payment obligations arising from a 2018 arbitral award linked to the airline’s 2015 ownership transfer.

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