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private equity firms holding stake in Indian IT services companies has doubled between 2019 and 2022 to more than 50 now, data by Avendus Capital show. Institutional shareholding in IT services companies listed in India has also increased — by 9% for large-cap players, and 16-18% for mid-cap and small-cap firms over the last 12 months. There has also been a spate of acquisitions led by PE firms such as ChrysCapital and Carlyle. With Indian IT services becoming an increasingly attractive investment area for a spectrum of investors including PE firms, many more M&A deals are in the works, said experts. This even as the startup ecosystem in the country has somewhat soured.

What do toothpaste, deodorant, soap, cameras, computers, gasoline, heating oil, jet fuel, car tires, contact lenses and artificial limbs have in common?

A faster-than-expected expansion in large batteries has propelled France’s Neoen to Australia’s biggest clean energy player, revealing a target to triple its renewable capacity by 2030.

NEW DELHI : The National Curriculum Framework for School Education (NCF) released by the ministry of education (MoE) is intended to guide school education. Since education is not only relevant to its immediate participants but is critical to the well-being of society at large, it is useful to understand what the NCF is about. In the spirit of full disclosure, I am a member of the group the ministry constituted to develop it.

New Delhi: A day after the union cabinet approved a Rs-200 cut on domestic LPG cylinders, union minister for petroleum and natural gas Hardeep Singh Puri has asked states with non-BJP governments to cut the value added tax (VAT) on petrol and diesel. In an interview to CNBC-TV18, he said that the Centre lowered the excise duty on the transport fuels in November 2021 and May 2022, which was followed by reduction in VAT by BJP-ruled states. "The BJP central government and states reduced their excise on two occassions, November 2021 and May 2022.

While the attention has been firmly on GenesisCare’s up-for-sale operations in the United States, some lenders are beginning to toy with the idea of a voluntary administration for the cancer services provider’s local operations.

Qantas, Jetstar and Virgin took advantage of smaller rivals and overseas carriers relinquishing their landing slots at Australia’s largest airport during the pandemic, soaking up more than 500 new slots at Sydney Airport compared to 2019, according to previously unreported data.

I recently found my Cibil (Credit Information Bureau-India) score was much lower than what I expected it to be. Could it be because of an error made by my bank in reporting my timely repayments on my home loan? How can I rectify any discrepancy in my Cibil score, especially when the lapse is by the bank in reporting of my timely loan repayments? —Name withheld on request In the case of a discrepancy or dispute with your Cibil score, especially due to lapses made by the bank in reporting your timely loan repayments, you can take the following steps: To begin with, fill the dispute form. You can do this online on the Cibil website.

HHS) has proposed a relaxation of the regulations surrounding marijuana, according to a report from Bloomberg News on Wednesday. The report cites a letter written to the Drug Enforcement Agency (DEA) administrator, Anne Milgram. The letter, authored by Rachel Levine, the US Assistant Secretary for Health, specifically requests the reclassification of marijuana from its current category to a Schedule III drug as defined by the Controlled Substances Act.

Mint explains: A transit hub is an airport that provides smooth connectivity from one foreign destination to another. Ideally, a transit hub should enable a seamless transfer experience to someone flying from country A to country C via country B. A transit hub often requires a stronghold of a large carrier with a widespread network so that the airline can offer one-stop connectivity to passengers with a wait time of no more than 2 to 3 hours between flights.

Rahul Gandhi on Wednesday said women were the ones who suffered the blow of inflation as he explained the rationale behind the guarantee schemes his party's government was implementing in Karnataka. «I have met several women in the Bharat Jodo yatra, and in the 600 km I travelled across Karnataka, thousands of women told me they couldn't bear inflation,» he said. Gandhi was speaking at a massive launch of the Congress government's Gruha Lakshmi scheme in Mysuru, where he transferred Rs 2,000 each into the bank accounts of 10.8 million women beneficiaries with a click on a tablet. The recently reinstated MP also slammed the central government, accusing it of working for billionaires. «We think that the government should work for the poor and the weak,» he said. Under the Gruha Lakshmi scheme, which is the fourth of the Congress government's five major pre-poll guarantees to be implemented, women heads of low-income households in the state receive ₹2,000 in their bank accounts every month.

LPL Financial said advisors Steve Boeckmann and David Wyzgowski, who managed approximately $350 million in client assets at Valic Financial Advisors, the broker-dealer for AIG Retirement Services, have joined LPL’s broker-dealer, RIA and custodial platforms.

InvestmentNews’ Hot List provides a look into the standout professionals who rise above the challenges of the industry.

Finfluencers are back in action, with fake screenshots, telegram channels and even mentorship. Ask Mayank Saw, a commerce student from Dhanbad in Jharkhand. Saw spent 14 months trying to time the market but was unsuccessful. Frustrated, he turned to Youtube videos to check if he could get any leads. That’s when he stumbled on a video posted there by Abhishek Kar, showcasing screenshots of the lakhs of rupees in profits that he had made by trading in derivatives.

Hoga hoga, khela hoga.". The Trinamool Congress posted the pictures of the two leaders celebrating Raksha Bandhan on X. “Today, Hon'ble Chief Minister Smt @MamataOfficial celebrated Rakhi with Uddhav Thackeray ji and his family at his residence in Mumbai.

In a male dominated industry, female surgeons spend more time in the operating room and their patients endure fewer postoperative complications. That’s the conclusion of two research studies published Wednesday in JAMA Surgery.Researchers found better outcomes for patients treated by female surgeons in the sweeping reviews of millions of procedures in Canada and Sweden. In the first study, 17 researchers in the U.S.

economic development by providing last mile connectivity, Reserve Bank Governor Shaktikanta Das Wednesday urged the directors of UCBs to further strengthen their governance practices, especially the three supporting pillars of compliance, risk management and internal audit. “The quality of governance was the most important aspect in ensuring stability of individual banks and the directors of UCBs are urged to further strengthen governance practices," the RBI governor said at a conference of directors on the boards of Tier 3 and 4 UCBs in Mumbai Zone.

New Delhi: The India Meteorological Department (IMD) is planning to provide air quality early warning through the System of Air Quality Weather Forecasting and Research (SAFAR) to 92 more polluted cities in the next two years. SAFAR, developed by Indian Institute of Tropical Meteorological (IITM) Pune and was operationalized by IMD in 2010 during Commonwealth Games, is India’s first metro air quality service. It currently issues 1-3 days advance forecast in 40 cities including Delhi, Pune, Mumbai and Ahmedabad of a total of 132 ‘air contaminated’ cities.

Alliance (INDIA) on August 31 and September 1 at Grand Hyatt Hotel in Mumbai. “You will know that in the next two days, the number of parties, the level of confidence, and morale (of the opposition alliance) is going up. At the same time, there is fear in the Narendra Modi-led camp," Khera said.

Prigozhin last week, the Kremlin's spokesperson said Wednesday. Speaking to reporters during his daily conference call, presidential press secretary Dmitry Peskov said that «different versions» of what happened exist and «are being considered» by Russian investigators, including, «let's put this way, deliberate wrongdoing.» A business jet carrying Prigozhin, the founder and leader of the his top lieutenants crashed halfway between Moscow and St. Petersburg a week ago, killing all seven passengers and three crew members. The Interstate Aviation Committee, the Moscow-headquartered body that oversees civil aviation in most former Soviet republics, said in an online statement Wednesday that it was not currently investigating the crash, although the agency has an accident investigation division.

Raymond James said Wednesday that an Indiana team that managed $335 million at Edward Jones is joining the firm’s independent advisor channel, Raymond James Financial Services.