Platform Financial News

India's love for cricket has always been apparent, and the game is now larger than the entire sports industry was just a year ago. Despite real-money gaming companies pulling out of advertising, India’s sports economy crossed the $2 billion mark in 2025, growing at a healthy 13.4% year-on-year to ₹18,864 crore, according to a new report, Sporting Nation: Building a Legacy, released by global media investment company WPP Media.The sports industry, led by cricket, has doubled over the past four years, rising from ₹9,530 crore in 2021.

Mint.The shift began last year, when the firm sold its majority stake in human resources tech and services player PeopleStrong to the private equity arm of investment banking giant Goldman Sachs. The Mumbai-based company had first invested in PeopleStrong in 2017 from its Fund II, which was sized at $555 million, according to private market data intelligence platform PitchBook.“We bought a services business and pretty much spent all the R&D dollars to really build the products business and make it successful,” said Gaur.The same year, the firm acquired a majority stake in digital engineering services QBurst in a $200 million deal, marking its first bet in the segment.

The international system is entering a phase that increasingly resembles an earlier era of geopolitics—one defined less by shared rules and more by competing spheres of influence. Signals emerging from Washington’s strategic thinking, particularly during the presidency of Donald Trump, point to a worldview in which power, leverage and bilateral bargaining take precedence over the norms and institutions that have guided global governance for decades.With the next Ministerial Conference of the World Trade Organization (WTO) approaching, the future of multilateralism is in the spotlight.

Marvel, into spin-offs and cross-format storytelling across platforms.Industry experts say this is a capital-efficient way for IP owners to extend the universe and monetize catalogues without the production risk of large-scale formats. For new-age platforms such as those hosting micro-dramas, it accelerates adoption by new users without much marketing expense. “Taking a known IP into formats like audio or micro-drama is about unlocking new value from existing storytelling equity.

IBM closed the buyout of Confluent, a US-based data streaming company. At $11 billion, this is IBM’s second-largest acquisition in recent years, after the Red Hat buyout in 2019 for $34 billion. The deal is expected to help IBM boost Agentic AI capabilities.As companies shift from AI pilots to production, they struggle with fragmented data.

financial crisis soon cut that to roughly $11 billion at the trough, before a recovery to around $15 billion by 2010.The inflection point came in 2011, when Adobe began shifting from boxed software to monthly subscriptions through its Creative Cloud platform. Investors were initially skeptical. Over time, the model gained traction.

Jupiter International Ltd (JIL), a Kolkata-based homegrown solar cell manufacturer, has appointed bankers to help raise $300 million through an initial public offering (IPO), three people familiar with the matter said.The company has appointed IIFL, Axis Capital, Nomura and ICICI Securities, the people said, adding that the draft papers are likely to be filed in May. “The issue will be largely to raise primary capital to fuel expansion plans,” one of the people cited above said on the condition of anonymity.Jupiter, IIFL, Axis, and ICICI did not respond to Mint’s requests for a comment till the time of publishing.

Eternal Ltd’s stock fell for 18 consecutive sessions till Friday, losing nearly a quarter of its value to ₹216. It is rare for a Nifty50 index constituent to have such a long losing streak.It has recovered by about 11% to ₹242 over the last three trading sessions, probably after JM Financial Institutional Securities reiterated its target price on the stock at ₹400 with largely unchanged earnings estimates.

Mint.“The acquisition was strategic in nature for us and they bring their partnerships on the procurement side of running warehouse management and the serviceability of an order that is coming from rural India," said Mohapatra.While the company declined to comment on the financial details of the transaction, it said that it had not raised additional funding to finance the acquisition and that it was done through the company's existing funds.The acquisition brings Saveo's 10,000 platform partners across Karnataka, Telangana, Andhra Pradesh and Tamil Nadu into CureBay's network of 190 clinics.Most of the integrations of Saveo's pharma distribution business into CureBay have already been completed. “In a few of our markets, we are already hitting the market with the combined power of both the organizations and talent," said Mohapatra.India's rural healthcare market is fragmented with multiple models, including remote patient monitoring, mobile hospitals and more.

Mumbai: Global private equity firm L Catterton’s India pool of capital, led by former Hindustan Unilever (HUL) chief Sanjiv Mehta, is eyeing more proprietary deals in the country after deploying over $100 million across companies like Farmley, Haldiram’s and Healing Hands Clinic over the last year.“Our deals are primarily proprietary in nature, and we don’t take part in intense bidding processes. This preferential access allows us to have better returns for our investors through better pricing discipline.

cyberattacks. Instagram’s decision reflects a broader push and pull shaping the future of digital communication. Mint explains.End-to-end encryption ensures that only the sender and recipient of a message can read its contents.

Reliance Jio was waiting for the government's nod for 2.5% public shareholding norms, and will now move ahead with its plans to tap the capital markets.Last week, the finance ministry allowed large companies above a certain market cap to list with just 2.5% stake sale through public offers, as against the minimum 25% requirement earlier.The rules allow companies with a post-issue valuation of above ₹5 trillion ($54 billion) to dilute a minimum of 2.5% equity, a drop from the previous 5% limit. The easing will also help companies such as the National Stock Exchange (NSE) to successfully list on Indian exchanges, Mint reported earlier.Mint also reported this month that India has emerged as the second-largest IPO market globally by proceeds and the most active by number of deals in 2024, with companies raising about ₹1.6 trillion across more than 300 listings.

AI tokens) going to be part of our commercial model. We're going to factor in the price of the tokens into our model itself, on top of it,” said Balazs Fejes, chief executive officer (CEO) of EPAM, during the company’s analyst day.AI tokens are small units of texts that an AI tool can read.

SaaS players that are rapidly adding AI-powered products. Startups must build technology that can’t easily be replaced by large language models while also generating revenue and scaling.“There’s the SaaS and software companies that are building on top of AI models and launching agentic solutions to their customers.

music labels under contractual arrangements. Disputes arise when legacy agreements are vague or silent on new exploitation methods, leading to debates over residual rights, especially in public performance, digital sharing, or re-recordings.The case highlights the continuing tension between authorship rights and the commercial realities of assignment-heavy industry practices.“The interim order in the Ilaiyaraaja vs.

Pet parenting in India is harder than it should be.” Vineet Khanna, co-founder of pet support platform Supertails, leans back in his chair and gives two examples that illustrate the lack of an ecosystem and low awareness about pets and pet parenting that make it so difficult.Two girls tele-consulted the Supertails vet, saying their newly acquired cat was making “a strange sound”. The call switched to video, but the cat, unaware of the attention, took some time before she made the mysterious sounds that had her minders worried.

₹19,974.9 crore in two weeks, according to NSE data.The short position is close to the record high of 231,796 contracts seen on 24 February last year, when markets were roiled by proposed Trump tariffs, per data from analytical firm IndiaCharts."These are hedges taken by large funds that tend to be buyers of EMs (emerging markets) like India," said U.R. Bhat, founder of investment platform Alphaniti Fintech.

₹1,549 a month on Furlenco. The platform also offers an option to buy it for ₹32,500, which is roughly equivalent to 21 months of rent.

KKR plans to own multiple independent platforms for renewable energy assets in India, a key market for the global private equity giant, where it is betting on infrastructure and financial services to consumer technology.KKR is vying for larger assets, such as Sprng Energy and Gentari, directly through its Asia fund, rather than via its renewable energy platform, Serentica. "The idea is to have multiple energy platforms in the country," said a person with knowledge of the firm's strategy.“The assets are large, and Serentica does not have the debt gearing or equity to finance those deals.

₹2 crore over five days, excluding revenue from souvenirs and other merchandise. The estimated economic impact generated for hotels, transport services, restaurants, artisans and local businesses is pegged at ₹130 crore, according to KLF officials.It was not an isolated spike.

New Delhi: As India's job market battle intensifies, top tech firms are swapping staid job ads for influencer-marketing campaigns on Instagram, YouTube and LinkedIn. Creators with millions of followers now spotlight job openings and work cultures, turning a single video into a flood of thousands of applications.Companies like Atlassian, 7-Eleven GCC, Octa, EPAM Systems, ServiceNow, Intuit, ZS Associates, and Infosys are leading this charge, betting on niche influencers’ social media reach to lure talent in a hyper-competitive landscape.“For us, it’s about visibility in the right places where top tech talent is consuming content.