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Bengaluru: At a time when global geopolitical tensions are making foreign investors cautious, Neo Alternative Asset Managers is doubling down on domestic credit with plans to raise ₹1,500-2,000 crore for its maiden real estate fund, its managing director Kaushik Desai told Mint in an interview. The category-II alternative investment fund (AIF) will largely offer credit to residential real estate developers across tier 1 and tier 2 cities, he said.Earlier this week, Neo Alternative Asset Managers said it had ventured into real estate, bringing aboard Kaushik Desai, Vinit Prabhugaonkar, and Vimal Jangla, the former senior leadership team at Walton Street India, to anchor its real estate investment platform.The three bring with them more than two decades of experience in real estate investing, asset management, and structured financing.

Srinivasan on 2 April. Notably, this was a day before Mistry sought a probe by the Maharashtra Charity Commissioner, highlighting the restrictive clauses. Mint has seen Sharma's letter to all 11 trustees of Tata Trusts where he sought to clarify his position.“I was also informed that Mr.

multi-asset model has seen steady traction in recent years, according to industry insiders. While data at the industry-wide level is not available, Mint interviewed senior executives at large wealth management companies and portfolio management services, or PMS, firms and analyzed their portfolios to capture the trend.Some quick background: a wealth manager, typically, earns revenue in two ways.

₹40,000-2.5 lakh range. Nearly 70% of the collection carries a sub- ₹2.5 lakh tag.India's jewelley demand remains anchored in weddings and festivals, but it's increasingly being reshaped by millennials, who are keen on lightweight designs, gemstone-led fusion pieces and craftsmanship.The company already offered coloured gemstone jewellery, largely rooted in traditional designs.

Silent compiler: Compile multi-file reports while you're in transit or between meetings.Inbox sentinel: Triage your inbox and flag urgent emails before your day begins.Recurring pilot: Run recurring tasks (like daily status reports) on a schedule, monitored from your phone.- A consultant heading into a client pitch realizes she hasn't fully prepped on a competitor.From her phone: "Check my /research folder and emails from our sector lead. Compile a 1-page snapshot and save to /Pitch-Prep."By the time she walks into the room, it's done.- An HR manager wrapping up back-to-back interviews needs three candidate briefing packs ready for tomorrow's final round.From her phone: "Pull the shortlisted CVs, generate interview questions based on the JD, attach the interview notes, and save one briefing doc per candidate to /Briefing-Packs."She's home by the time they're ready to share.Truly async: You assign the task and leave—Claude doesn't need you hovering.Your files, your machine: Local processing means sensitive data stays with you.One persistent thread: Your phone and desktop stay in sync—no switching apps, no copy-pasting between devices.Mint's ‘AI tool of the week’ is excerpted from Leslie D'Monte's weekly TechTalk newsletter. Subscribe to Mint's newsletters to get them directly in your email inbox.Note: The tools and analysis featured in this section demonstrated clear value based on our internal testing. Our recommendations are entirely independent and not influenced by the tool creators.Jaspreet Bindra is co-founder and CEO, and Anuj Magazine is co-founder, of AI&Beyond.Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.

Mint.A multipolar world could open up new leadership pathways that may not align perfectly with the largest economies, said Sternfels, pointing to emerging growth areas such as artificial intelligence (AI) and data centres.India’s talent, combined with grit and entrepreneurship, gives it a winning edge, said Sternfels, who is serving his second three-year term as head of the consulting firm that has a significant influence across boardrooms and national leaderships.“In a shifting world order, this is India’s leadership moment on multiple dimensions, as it becomes a strategic imperative for organizations globally to re-orient towards India,” he said.Sternfels rejected the idea that global trade is diminishing. Instead, it is growing in different ways, he said.Global trade flow moves like water; if it is blocked somewhere, it finds a different way, said Sternfels, adding that a few free trade agreements were negotiated among countries in the last 12 months, but they do not involve the US.

The government’s ₹20,000 crore credit guarantee support for the microfinance sector, announced on 21 March, comes at a crucial time for smaller non-banking finance company-microfinance institutions (NBFC-MFIs), which are grappling with tight liquidity and risk-averse lenders.In an interview, Sadaf Sayeed, chief executive officer of Muthoot Microfin in New Delhi, told Mint the move could unlock lending, revive financial inclusion and support sectoral growth. Edited excerpts:This is a very welcome step and something the industry has been requesting for a long time.

Sebi) found that nine out of ten individual traders in the futures and options (F&O) segment lose money.It is a structural reality of a zero-sum game. When someone wins, someone else loses by exactly that amount, minus the fees extracted by brokers and exchanges on every single transaction.All that activity—the charts, the terminals, the WhatsApp tips, the YouTube gurus – produces nothing new. It merely redistributes money from the many to the few, while extracting fees along the way.This is the dung economy of personal finance.

Mint.A second fund, still on the drawing board, is a blended finance fund of similar size, Rai said in an interview at the Mumbai headquarters of Nabfid, which was founded in 2021. The company was initially set up as a development finance institution to support long-term projects.“We are (also)likely to launch an alternative investment fund, mainly for the equity side, in the next six months,” Rai said.Nabfid’s new subsidiary will be like a holding company, under which there will be multiple alternative investment funds (AIF).

It has been almost six decades since American writer Joan Didion wrote a devastating critique of the hippie counterculture movement after months of reporting in San Francisco. She painted a picture of a community morally adrift and in the thrall of LSD.

Mumbai: India’s largest private sector lender HDFC Bank has appointed at least two law firms Wadia Ghandy & Co, and Trilegal to conduct a review of the circumstances leading to former chairman Atanu Chakraborty’s sudden exit last week, said two people aware of the matter.These law firms have been tasked with aiding the bank’s internal legal counsels to sift through pages of minutes of past board meetings to see if Chakraborty had made any serious observations, according to one of the two people cited above. The bank’s board and the management maintained they had no inkling of Chakraborty’s exit and he did not specify what he was referring to as part of his ethical concerns despite being repeatedly asked.Earlier on Tuesday morning, the bank said its board approved the appointment of external law firms to conduct a review of Chakraborty’s resignation letter.

₹1,290-1,750 per month for its vial dosages, sharply below Novo's ₹8,790 per month for the starting dose in a pen device. Natco’s pen device is roughly 50% cheaper at ₹4,000 per month for the starting dose.While generics will fight on the price point, Emcure is banking on its “innovator edge” with a biological molecule, as well as patented pen device to cater to specialists.In an earlier interview, Emcure told Mint that it was partnering with well-known celebrities and influencers for an awareness campaign on obesity as a disease, aiming to reach consumers directly in addition to marketing the drug to specialists and physicians.A recent directive by the apex drug regulator has put strict curbs on “surrogate advertising” for GLP-1s, anticipating intense competition and marketing tactics as generics enter the market.However, Emcure will continue building awareness with healthcare providers as well as with patients, Vikas Thapar, president of corporate development, strategy and finance, said.The entry of generics will only expand the market, said Thapar.

OTT (over-the-top) content and other entertainment options for audience attention, promotional campaigns have become a central part of a film’s release strategy, often with actors contractually required to participate.A recent dispute in the Malayalam film industry has brought that shift into focus. The Kerala Film Producers’ Association (KFPA) has asked actor Biju Menon to pay a compensation of about ₹15 lakh to cover the alleged loss incurred by the producer of his movie Nadanna Sambhavam, after the actor allegedly failed to appear for promotions as required under his contract.Queries sent to the actor on Saturday requesting a comment remained unanswered.

₹1,000 crore over the last two years in acquiring stakes in startups such as BlackBuck, OfBusiness, Purplle, Shiprocket and BlueStone.The size of the first fund was about ₹300 crore, followed by a ₹400-crore second fund. The third fund is likely to have a corpus of ₹500 crore and will go live shortly, Oister’s co-founder and co-chief executive officer Sandeep Sinha told Mint in an interview.

. Employees get an AI competency score from one to five—scoring a five if they create systems that improve the workflow of others. He has also created a new award: Whoever comes up with the most effective AI-driven process wins a vacation stipend worth several thousand dollars.He won’t consider hiring candidates without AI fluency.

Subscribe to enjoy similar stories. Sarvam AI, the IIT Madras-incubated artificial intelligence startup that launched three foundational models on Wednesday, will seek commercial success with a ChatGPT-like application, which it plans to launch soon. This application, Sarvam cofounder Vivek Raghavan told Mint in an interview, is part of the company’s long-term monetization efforts as it looks to start generating revenue.

Subscribe to enjoy similar stories. Toby Rice made his fortune unlocking a gusher of natural gas in Appalachia. He has a bold new ambition: bringing energy to millions of people in impoverished nations.

Subscribe to enjoy similar stories. Mumbai: IIFL Finance Ltd will be conservative in expanding its gold loan book in the next financial year starting 1 April, as founder Nirmal Jain flagged risks to its largest growth driver from evolving regulations after a sharp surge in the prices of the precious metal. “...this risk is real and gold prices can be volatile.

Subscribe to enjoy similar stories. MUMBAI: As Kwality Wall’s (India) prepares for life after Hindustan Unilever, the ice-cream seller plans to become a year-round ‘snacking’ company, leading that change, top executives told Mint. “We are leading the shift of ice-cream, moving from a leisure snack or a leisure dessert to an everyday frozen snack.

Subscribe to enjoy similar stories. NEW DELHI : JSW MG Motor India Ltd will invest about $400 million over the next four years to nearly triple its manufacturing capacity and accelerate its electric and hybrid vehicle push, managing director and chief executive Anurag Mehrotra told Mint in an interview. The Gurugram-based carmaker—a joint venture between Mumbai-headquartered JSW Group and China’s SAIC Motor—plans to expand capacity at its Halol plant in Gujarat from around 110,000 units annually to over 300,000 units in the next 12 to 18 months.

Subscribe to enjoy similar stories. MUNICH—Ask a European official who attended this weekend’s Munich Security Conference about the state of the trans-Atlantic relationship, and you’re likely to hear metaphors about dealing with a troubled, possibly abusive, spouse. Secretary of State Marco Rubio delivered a less pugnacious message when compared with last year’s Munich conference.