Interviews Financial News

By Nandita Bose and Tim Reid

Mint was the first to report NewQuest’s interest in the company. The $100 million raised includes about $50 million in primary capital, $18 million in venture debt, and the balance in secondary investments. The company has so far raised nearly $120 million from investors such as Eight Roads Ventures, US investment firm NGP Capital, Qualcomm Ventures and Mirae Asset Naver Fund, and Flipkart.

Hockey India CEO Elena Norman on Tuesday said the work environment in HI was «suffocating» and she had no choice but to call it quits. After holding the position for 13 years, Norman resigned and even though HI did not reveal the specific reasons for her decision in its official statement, the Australian spoke out on what pushed her to exit. «Absolutely, it was getting tough to deliver in the fight between two factions. The environment was becoming suffocating,» Norman told PTI in an interview. «There are two factions in Hockey India. There is (President) Dilip Tirkey and I and there is (Secretary) Bholanath Singh, (Executive Director) Cdr. R K Srivastava and (Treasurer) Sekar J Manoharan,» she said.

In an interview with the FT, Therese Chambers, joint executive director of enforcement and market oversight at the Financial Conduct Authority, suggested the regulator was planning on naming firms it was probing earlier in the process in a bid deter firms from straying outside of the rules. Listings reform will not cure 'general disinterest and malaise' in UK capital markets According to the FT, the new approach will be outlined in a consultation paper set to be published today (27 February). It said the changes would largely apply to firms over individuals. «More transparency a...

Actor and comedian Amy Schumer has revealed she was diagnosed with Cushing’s syndrome after she faced harsh online criticism for her face appearing “puffier than normal” during a recent appearance on The Tonight Show. 

Mint in an exclusive interview. The company has been conducting trials at select cafes, such as adding new items to the menu, improving food and beverage presentation, and polishing cafe design and infrastructure, Chaayos's finance chief Pranav Dahiya said. It has also begun serving drinks in ceramic cups instead of the usual paper cups at Delhi's Cyber Hub cafe as a part of its premiumisation efforts.

Investors should not sway their portfolio basis specific events and should stick to diversified funds for the majority of their portfolio. For risky thematic or sectoral bets, they can set aside 10-20% of their equity portfolio as tactical bets, says Vivek Banka, Co-founder, GoalTeller.

₹1,125 from ₹1,265. The new target price implies a potential downside of 11 percent. The firm's operating profit margin (OPM) has declined to 5 percent in the nine months ended FY24 against 9-12 percent in FY15-21, the brokerage said.

By Lewis Jackson and Sameer Manekar

Donald Trump Jr., the eldest son of former President and GOP front-runner Donald Trump. A person familiar with the matter said that results on the substance were inconclusive, but officials do not believe it was deadly. The person spoke on condition of anonymity to confirm details of the letter, which were first reported by The Daily Beast.

The Claman Countdown panelists Kenny Polcari and Joseph Lavorgna break down the Federal Reserves moves.

By Nupur Anand

Reliance Industries and Reliance Foundation on Monday announced the launch of 'Vantara', an umbrella initiative aimed at rescuing, treating, caring and rehabilitating injured, abused and threatened animals, in India and abroad. The initiative—a brainchild of Anant Ambani, director on the boards of Reliance Industries and Reliance Foundation— is considered to be the world’s largest animal rescue and rehabilitation centre. "The Vantara initiative, the first of its kind in India, has been conceptualised and birthed under the passionate leadership of Anant Ambani, Director on the boards of RIL and Reliance Foundation," Reliance Industries said in a statement.

Technology is so pervasive and invasive that it’s polarizing people, producing feelings of love and loathing for its devices, online services and the would-be visionaries behind them

Foundation has maintained its reputation for embracing high-concept narratives and diverging from Isaac Asimov's original book series. While changes have been introduced, the central conflict involving Hari Seldon's strategic clash with the Empire has remained a focal point. The show's ability to extend this battle across vast time spans has been a defining feature, offering a unique take on the source material.

Canadians can expect the Bank of Canada to start providing some respite this spring as the central bank “slowly but surely” moves towards its first interest rate cuts, says Desjardins Group.

Reliance Industries and Reliance Foundation on Monday unveiled Vantara, an initiative for animal welfare in Gujarat. This project focuses on the rescue, treatment, and rehabilitation of injured and abused animals across India and abroad. What is Vantara? Vantara, which is a Hindi word, means 'star of the forest'. This program is dedicated to the rescue, treatment, care, and rehabilitation of animals in need.

Indian Navy Chief Admiral R Hari Kumar has declared that the BrahMos supersonic cruise missile will become the primary weapon of the Indian Navy, supplanting older missile systems acquired from other countries. In an interview with ANI, Admiral Kumar stated, «BrahMos will be our primary weapon now as the surface-to-surface missile weapon.» He also indicated that the Indian Air Force and its fighter aircraft might adopt BrahMos as their primary air-to-surface weapon. He praised BrahMos for its evolution in range, capabilities, and lethality, emphasizing that the missile is «a very potent missile.» Admiral Kumar highlighted the advantage of BrahMos being manufactured in India. He noted, «It is made in India, so we are not dependent on anybody else. It can be repaired, and spares are available.» This self-reliance, he added, is a significant advantage for the Indian Navy.

Billionaire investor Mike Novogratz believes many of the lawsuits brought under current Securities and Exchange Commission Chair Gary Gensler will be dropped. 

US Federal Reserve, which provides guidance on liquidity conditions, Ashima Goyal, a member of the Monetary Policy Committee said to Bhaskar Dutta in an interview. Edited excerpts: Is there a need for liquidity management to also be brought under the purview of the MPC? As the experience of the past six months shows us, liquidity conditions have been the driver of funding costs rather than the benchmark policy rate that the MPC votes on.

(Reuters) -Goldman Sachs and Abu Dhabi's sovereign wealth fund Mubadala have struck a $1 billion deal, signing a seperately managed account in which the companies will co-invest in private credit in the Asia Pacific, the companies said on Monday.