Profiles Financial News

IPO-bound Singapore’s Sembcorp Industries Ltd’s Indian renewable energy business and Hexa Climate Solutions are vying to acquire the entire India renewable business of Italy’s Enel Group in a deal having an equity and enterprise value of around $100 million and $300 million, respectively, according to two people aware of the development. Sembcorp is present in India throughSembcorp India Private Limited and Sembcorp Green Infra Ltd (SGIL) along with other subsidiaries., while Hexa is backed by I Squared Capital.The HSBC-run sale process follows a deal signed last year—which later fell through—under which Waaree Energies Ltd had agreed to buy 100% of Enel Green Power India Pvt Ltd (EGP India) from its parent Enel Green Power Development S.R.L.

Subscribe to enjoy similar stories. Swiping through Tinder in Saudi Arabia, a profile of a woman in her mid-20s includes photos of her manicured hands holding flowers, a matcha latte, a tennis court and some art. She reveals no photos of herself.

Subscribe to enjoy similar stories. Forget Kendrick Lamar’s Celine jeans or Rihanna’s red Alaia coat. There was a new fashion sensation at Super Bowl LX, and it wasn’t one of the usual luxury suspects.

Subscribe to enjoy similar stories. The credit-deposit (CD) ratio of scheduled commercial banks reached 81.75%—the highest level recorded since 2000-01—on 31 December 2025. Usually, a high CD ratio is a positive indicator as it means that banks are deploying funds efficiently in loans.

Subscribe to enjoy similar stories. India has shown strong resilience and absorptive capacity in the face of repeated global shocks, noted the Economic Survey 2025-26, presented in Parliament on Thursday.

Subscribe to enjoy similar stories. Bengaluru: India’s regional beverage makers are discovering that cutting sugar, not prices, may be the next growth lever as they give established aerated beverage players a run for their share in the mass market. They are rolling out low- and no-sugar flavoured soda variants to tap a growing base of young, health-conscious consumers in their core markets.

Subscribe to enjoy similar stories. To understand the challenge facing conservative investors today, it helps to begin with the interest rate cycle. The Reserve Bank of India (RBI) is currently in an easing phase, aimed at supporting economic growth.

Subscribe to enjoy similar stories. Perhaps it is inevitable that Anthropic, an artificial-intelligence (AI) lab founded by do-gooders, attracts snark in Silicon Valley. The company, which puts its safety mission above making money, has an in-house philosopher and a chatbot with the Gallic-sounding name of Claude.

AI and technology-led disruption, which naturally makes the hiring process more rigorous."This scrutiny has introduced new hurdles for candidates, including psychometric testing. Once reserved for the top rung, these assessments are now standard for middle management.Peer-level reviews are in too."Peer group evaluations are now done in seven out of 10 mandates at the middle and senior levels," says Pranshu Upadhyay, regional director at Michael Page India.

₹65,000-crore domestic paneer market, according to two government officials and a document reviewed by Mint.Authorities have frequently seized fake paneer ahead of major festivals, when demand surges, giving unscrupulous traders an opportunity to flood markets with adulterated products, posing a threat to consumer health.To curb this unsavoury practice, the Food Safety and Standards Authority of India (FSSAI) proposes to make it compulsory for paneer substitutes (products made from non-dairy ingredients such as vegetable oils) as “paneer analogue”, while prohibiting the use of any dairy-related terminology, to help consumers clearly distinguish them from milk-based paneer.“Currently, analogues are designed to mimic the white, creamy appearance of traditional or real paneer, often using starches and emulsifiers to replicate the texture. The proposed regulations aim to empower consumers to make informed choices instantly and promote healthy eating,” said the first of the two government officials cited earlier, both of whom spoke on the condition of anonymity.For clear visual identification, these substitutes will have food colour added to them to ensure that they stand out from the white and natural dairy paneer or paneer-based products.

Subscribe to enjoy similar stories. New Delhi/Karnal: In 2002, Rakshit Jagdale, a young MBA student, went pub crawling in Glasgow, Scotland. Not on a drunken soiree with batchmates but on a more onerous task, assigned by his father.

Subscribe to enjoy similar stories. NEW DELHI: Any private takers for a loss-making company owned by public sector power giants that is owed over ₹4,000 crore and has borrowed heavily to fund its investments? The answer will be known when the company’s promoters decide to list its shares. The company is Energy Efficiency Services Ltd (EESL), a joint venture owned by state-run NTPC Ltd, Power Finance Corp., Rural Electrification Corp.

It is heartening that the Reserve Bank of India (RBI) has decided to adopt a risk-based framework for deposit insurance to replace a one-size-fits-all one which does not distinguish between banks on the basis of their individual risk profiles. This decision was taken on Friday and it follows RBI’s monetary policy statement of October 2025, in which the central bank had proposed a model that abandons a flat premium rate in favour of payments that vary by risk—in this case, of a regular bank failing to meet its obligations to depositors. With this shift slated to come into effect from 2026-27, financially sound banks can expect to save on the price they pay.

Subscribe to enjoy similar stories. GE Vernova T&D India Ltd’s shares have risen about 8% after it announced a big-ticket order award from Adani Energy Solutions Ltd on Friday. The order pertains to the setting up of a high-voltage direct current (HVDC) substation for the evacuation of renewable energy from Khavda to Olpad in Gujarat.

Subscribe to enjoy similar stories. Indian companies are rethinking the benefits they offer their staff, such as healthcare, retiral plans, wellbeing perks, and leave, as they seek to control budgets while retaining top talent without compromising on employee experience.

RJ Mahvash, who is rumored to be cricketer Yuzvendra Chahal's new ladylove, has once again ignited speculation with her most recent Instagram reel. The popular radio host, who was previously spotted alongside Chahal at the ICC Champions Trophy final in Dubai, shared an emotional video that many fans believe subtly hints at their alleged love affair. In the clip, Mahvash enigmatically remarks, «If a guy comes into my life, he will be just one… He will be the same friend, the closest companion, the boyfriend, and ultimately, the husband.» She paired the video with a succinct caption that read, «Only one.» Social media users were quick to draw conclusions, filling the comment section with references to Chahal. One individual wrote, «You're talking about Chahal, right?» while another humorously noted, «Yuzi must be grinning in the background.» Some even urged her to be direct, saying, «Just say it's Chahal already!»

Kansas City Chiefs star’s most recent revelation has fans buzzing. Travis Kelce believes his high-profile romance with Taylor Swift has influenced his game. After a disappointing season and Super Bowl loss, he's taking a break from the spotlight. With both enjoying some downtime, the couple is focusing on resting and reconnecting away from public scrutiny. Travis and Taylor have come to the realization that «so much attention on their relationship is not the best thing,» according to US Weekly. The couple is taking a much-needed break from their hectic public life, which Kelce believes may have contributed to his on-field difficulties the previous season.

image generator, OpenAI has revealed plans to launch a new open language model—its first since GPT-2. To shape its development, the company is seeking input from developers, researchers, and the wider AI community through a feedback form. Open-source language models (OS LLMs) are designed to understand, generate, and manipulate human language, leveraging large datasets and sophisticated algorithms to perform a variety of language-based tasks. OpenAI CEO Sam Altman took to X (formerly Twitter) to announce the news, stating, “We are planning to release our first open-weight language model since GPT-2. We've been thinking about this for a long time, but other priorities took precedence. Now it feels important to do.” Altman added that before the model is released, OpenAI plans to evaluate it using its preparedness framework, the same process applied to all its models. “And we will do extra work given that we know this model will be modified post-release,” he stated in the post.

mutual funds to invest in. They ask their friends or colleagues or in some mutual fund forums for top or best schemes while starting their investment journey or while deciding to invest extra money. But most of them are not satisfied with the answers they get from the internet or friends due to different reasons. An online search would mostly take you to some websites with ready-made lists. Most often, the schemes may be shortlisted on the basis of their short-term performance. Sometimes, the schemes from a single category may dominate the list because that category happens to be the flavour of the season. Also Read | Best mutual fund SIP portfolios to invest in April 2025

WHAT DO YOU MEAN BY REBALANCING MUTUAL FUND PORTFOLIOS? Various asset classes move in different directions over a period of time. Due to this, asset allocation of an individual changes over a time. For example, due to a sharp rally in the price of gold by 35% in the last one year, investor allocation to gold would have increased. However, with the Nifty 50 moving up just 6-7% it could have lowered the overall allocation to equity in the portfolio. So you need to rebalance it to bring it back in line with the original. So an investor starting with 65% equity, 25% debt and 10% gold, needs to bring back this allocation at the end of the year, which is called rebalancing.

India’s economy, MSMEs remain critically underinsured. With less than 15% having adequate insurance coverage, millions of businesses are left vulnerable to financial shocks. Why, then, do so many small enterprises overlook such a crucial safety net? Business insurance penetration among micro, small, and medium enterprises (MSMEs) in India remains alarmingly low. Given that there are 63 million MSMEs, which currently contribute approximately 30% to India’s gross domestic product (GDP), only a small fraction have insurance. Insurance coverage is crucial for MSMEs, given their limited capacity to withstand risks such as payment defaults. In the post-pandemic world, challenges such as supply chain disruptions, geopolitical tensions, inflation, and economic slowdowns have further heightened the risks associated with exports, making risk mitigation through insurance more vital than ever. This raises an important question: Are MSMEs reluctant to embrace insurance, or is the system failing to make insurance accessible and compelling? According to Girija Subramanian, Chairman-cum-Managing Director, The New India Assurance Co. Ltd., the issue is deeply rooted in perception and awareness. Speaking on the sidelines of the Economic Times (ET) MSME Awards 2024 in Delhi, Subramanian addressed this challenge in a fireside chat moderated by Neha Dewan, Assistant News Editor, The Economic Times.