Interviews Financial News

Chinese e-commerce giant Alibaba is back on track to be a top market player after a period of pressure, co-founder Joe Tsai told CNBC's Emily Tan in an exclusive interview Friday.

Goldman strikes $1 billion private credit deal with Mubadala The growth investment firm drew commitments from the likes of private and public pension funds, university endowments and insurance companies for the Edda III fund, according to a statement. “We only invest in companies that pass our 2040 test," Bjarne Kveim Lie, Verdane’s co-founder and managing partner, said in an interview.

₹6,459 in 2022-23, from ₹2,630 in 2011-12, the survey said. In rural India, this rose to an estimated ₹3,773 from ₹1,430 during the same period. In real (inflation-adjusted) terms, the growth was 40% in rural parts and 33.5% in urban parts.

Abu Dhabi sovereign wealth fund and Goldman’s asset-management arm struck a partnership to invest alongside each other in the Asia-Pacific region, with a particular focus on India. The pact follows a similar mandate the New York-based firm received from the Ontario Municipal Employees Retirement System in September.

Durable, high GDP growth requires inflation to be under control but real interest rates above 2% may not be sustainable when it comes to supporting the growth needs of the Indian economy, said Shashanka Bhide, member of the Monetary Policy Committee of the Reserve Bank of India. If one goes by the MPC's projection of 4.5% average inflation in FY25, the prevailing policy repo rate of 6.5% translates into a real interest rate of 2%. Edited excerpts of an interview with ET: In your view, what is an appropriate level of real interest rate that pushes inflation back to target while ensuring that growth is supported? With the policy rate as the instrument, there is a trade-off in terms of growth while bringing down the inflation rate to the target. However, a moderate inflation rate is also needed to achieve sustained high growth. While real interest rates above 2% may not be sustainable from a growth perspective, the persistence of inflation above the target is also unacceptable in the present framework.

Paytm Payments Bank Ltd crisis, Institute of Chartered Accountants of India President Ranjeet Kumar Agarwal on Sunday said its financial reporting review board (FRRB) may deliberate on issues of the fintech firm in the near future. The FRRB of the statutory body is currently conducting a review of the accounts of tech-based education unicorn Byju's over alleged governance concerns, and the exercise is progressing well, the ICAI president said. «So far, we have not considered it (Paytm issue), but the board meeting of the FRRB will take place in the near future and it will consider appropriate action if required. So far, we have not decided anything as far as this matter is concerned,» ICAI President Ranjeet Kumar Agarwal told PTI in an interview.

That, in a nutshell, is the story of Wham!, the British pop duo, and its two stars, George Michael and Andrew Ridgeley. It's a story that director Chris Smith tells in a Netflix documentary, which is nominated in Sunday's EE British Academy Film Awards, known as the BAFTAs. Other contenders in the documentary category include «Still: A Michael J. Fox Movie,» about the actor's battle with Parkinson's disease; and «American Symphony,» a year in the life of musician Jon Batiste.

Jaideep Hansraj, CEO of Kotak Securities says investors should continue investing through SIP as timing the market is a challenging task. In an interview with Mint, he says investors need to be stock-specific or bottom-up, as the top-down approach may fail.

Bengaluru is going through an acute water shortage this year, months before peak summer, forcing many residents in "India's Silicon Valley" to ration their water use and pay almost double the usual price to meet their daily needs, according to a report by Reuters. Weak southwest monsoon rains have dented groundwater levels and declined water levels in the Cauvery River basin reservoirs that feed the southern Indian city, which is home to roughly 14 million people and thousands of IT companies and start-ups, the report added.

startup ecosystems and Indonesia's startup ecosystem has been rapidly growing, fueled by a large young population and increasing internet penetration. There is immense potential for collaboration between India's public digital infrastructure and Indonesia's digital infrastructure to drive innovation, economic growth, and cultural exchange, Indonesia’s Creative Economy and Tourism Minister Sandiaga Salahuddin Uno has told ET. By sharing best practices and expertise, India and Indonesia can empower entrepreneurs, startups, and creative professionals to harness the full potential of digital technologies for innovation, growth, and social impact, Sandiaga who is in Delhi to participate in the Raisina Dialogue (India’s premier foreign policy dialogue) told ET in an exclusive interview. “There is great potential for partnership between Indian and Indonesian startups across-sectors — technology, e-commerce, fintech, healthcare, agriculture, and renewable energy,” the visiting Minister pointed out. “I recognize the immense potential for collaboration between India's public digital infrastructure and Indonesia's digital infrastructure to drive innovation, economic growth, and cultural exchange.”

(Reuters) -New York Federal Reserve President John Williams sees the U.S. central bank on track to cut interest rates «later this year,» despite stronger-than-expected inflation and labor market data in January, according to an interview with Axios.

Mahindra Holidays & Resorts has entered into an agreement with the Andhra Pradesh government for investing Rs 500 crore in the state and is in talks with the governments in Rajasthan, Gujarat, Tamil Nadu and Jammu & Kashmir for investment opportunities, the vacation timeshare company’s top executive said. “We are in active discussions with state governments to see if we can get land parcels or existing resorts. We could also take over and refurbish existing resorts,” managing director and chief executive Kavinder Singh told ET in an interview. “If we have to go from 5,000 to 10,000 keys by 2030, our capex is going to be in the order of Rs 4,000-5,000 crore. We are really strong on our cash position.” The Mahindra Group company has signed memorandums of understanding (MoUs) with Tamil Nadu and Uttarakhand in the past one year for investments worth Rs 1,800 crore to build new resorts.

₹1,794 crore) for this over the next decade. Once complete, the distillery in the industrial suburb of Butibori in Nagpur will be one of the largest in India, capable of producing up to 60,000 litres of malt spirit a day. “For us, it's really the moment to reinforce that India is one of the key strategic markets for Pernod Ricard.

Aamir Khan dropped a visit to the home of the late ‘Dangal’ actress Suhani Bhatnagar on Thursday. Bhatnagar passed away on February 16, after a long battle with a rare inflammatory disease. She was only 19 at the time of death. In an interview with NDTV, Bhatnagar’s uncle Navneet confirmed that the ‘3 Idiots’ star did, indeed, visit her home in Faridabad, at 6:00 pm. He inquired about her illness and also consoled her parents. Bhatnagar essayed the role of young Babita Phogat (an Indian wrestler) in the 2016 blockbuster. Khan played the role of her father Mahavir Singh Phogat in the movie.

₹4,263 per metric tonne for the sale of PDM by sugar mills to fertiliser companies for the current year. PDM manufacturers can also claim a subsidy at ₹345 per ton at current rates under Nutrient Based Subsidy Scheme (NBS) of the department of fertilisers. Sugar mills and fertiliser companies will now discuss how they can enter into long-term sale and purchase agreements for PDM.

UPSC aspirant and said that her Civil Services 2007 Mains marksheet reminded her of the journey that led to her selection in 2008. She wrote: "Nostalgic moment as I came across my UPSC Civil Services 2007 Mains marksheet, reminding me of the trials and triumphs that led to final selection in May 2008 Results. I just want to share with the aspirants that in my first attempt, I fell short of getting an Interview call due to low marks in the General Studies papers in Mains.

With Canada’s housing market “starting to turn a corner,” there is growing demand for homeownership with a “colossally high” number of people planning to buy a home within the next year, according to a new poll.

A cross-country United Airlines flight carrying 202 passengers was forced to land in Chicago after what local media reports, citing a preliminary police report, called a bomb threat

Iñaki Godoy and Jacob Romero, known for their roles in Netflix's One Piece Live Action, express fervent desire for Danny DeVito's involvement in the series. Fans rally behind an online petition proposing DeVito for the role of King Wapol in the upcoming Season 2.

CJI) D.Y. Chandrachud launched the AYUSH Holistic Wellness Centre within the Supreme Court premises on Thursday. He also shared his personal experience with AYUSH treatments, including Ayurveda, Yoga, and Naturopathy, during his battle with Covid-19. In an interview with ANI, CJI Chandrachud revealed Prime Minister Narendra Modi's intervention in facilitating his access to AYUSH treatment for Covid-19. He stated, «The Prime Minister called me when I was down with Covid and arranged for a consultation with an AYUSH vaidya. I took the medicine and did not require allopathic treatment in subsequent Covid infections.»

Vande Bharat trains, which are semi-high speed and self-propelled and which showcase India's indigenous manufacturing capabilities. In the 1980s and 1990s, the Shatabdi Express trains held a similar status, often referred to as «desi bullet trains.» These day trains typically return to their origin station on the same day, offering high-speed connectivity between major cities with minimal intermediate stops. In a recent interview, Civil Aviation Minister Jyotiraditya M. Scindia, son of former Railway Minister Madhavrao Scindia, shed light on the genesis of the Shatabdi Express trains. Madhavrao Scindia inaugurated the first Shatabdi Express in 1988, linking Delhi and Jhansi to commemorate Jawaharlal Nehru's birth centenary. An accomplished administrator, Madhavrao Scindia left a lasting legacy during his tenure as Railway Minister from 1986 to 1989 in the Rajiv Gandhi Ministry, where he envisioned the Shatabdi Express as a realization of his dreams. Madhavrao Scindia's vision for the Shatabdi Express was inspired by his observations during visits to Japan and France, where he surveyed their high-speed train systems. Accompanied by his son Jyotiraditya, Madhavrao Scindia gleaned insights from these trips, seeking to imbibe the best practices into India's railway infrastructure. In the interview, Jyotiraditya M. Scindia said that his father used to take him on some trips abroad at his own expenses to give him exposure.