Reports Financial News

₹1,253 crore-1,670 crore) in India’s burgeoning startup ecosystem, a top executive told Mint. The Mumbai-based firm, which has invested in MobiKwik, PharmEasy, and Country Delight, among others, is open to all sectors including software-as-a-service (SaaS), agritech, and healthtech, as it doubles down on early-stage startups with cheque sizes of $1-2 million, Sukhmani Bedi, a partner at Orios, said in an interview. So far, almost half of the $150 million fourth fund has been invested in startups including climate-tech firm Varaha and fixed-income lender Lendbox.

Lal Krishna Advani was admitted to Apollo Hospital on Wednesday night, according to the PTI sources. This comes just days after the 96-year-old former deputy prime minister was discharged from the All India Institute of Medical Sciences (AIIMS) following a night-long stay. «Advani is stable and under observation,» a hospital source reported. «He has been admitted under Dr. Vinit Suri, a senior consultant in Neurology.» The source added that he was admitted around 9 pm. Details regarding Advani's ailment were not immediately available. He was undergoing treatment in the department of urology.

luxury hotels and other experiences than they used to. These include journeys literally to the ends of the earth, Formula 1 drives and epic train rides across continents. For instance, bookings by Indians at the Four Seasons Mauritius rose 50% in 2023 from 2022, said general manager Martin Dell. «The trend continues to be positive in 2024. Our multi-bedroom private retreats are very popular among family travellers looking to have a memorable vacation in the privacy of their pool villas,» he said. Adding to the property's lure is Indian restaurant Chatkar.

Joe Biden, the 2024 election is up to the public — not the Democrats on Capitol Hill. But the chorus of Democratic voices calling for him to step aside is growing, from donors, strategists, lawmakers and their constituents who say he should bow out. The party has not fallen in line behind him even after the events that were set up as part of a blitz to reset his imperiled campaign and show everyone he wasn't too old to stay in the job or to do it another four years. On Saturday, a fifth Democratic lawmaker said openly that Biden should not run again. Rep. Angie Craig of Minnesota said that after what she saw and heard in the debate with Republican rival Donald Trump, and Biden's «lack of a forceful response» afterward, he should step aside «and allow for a new generation of leaders to step forward.»

Now here’s a shocker. The highly credentialed and highly compensated nonprofit executive who tells businesses to stop focusing on the needs of shareholders doesn’t seem to be a very nice boss. In fact he may treat his employees even worse than he wants businesses to treat their owners and customers.

Defunct Japanese crypto exchange Mt. Gox on Thursday transferred Bitcoin worth $2.7b to a new wallet address. It marks the exchange’s first significant transaction since May, following several smaller test transactions on Wednesday.

White House staff and those who are working closely with President Joe Biden have been left baffled after the first US Presidential debate. It has been reported by the New York Post that the president has been continuously expressing his anger and taking it out on his aides. The staff were also not briefed regarding the outcomes of the first presidential debate and were left with many unanswered questions, according to Axios. White House has dismissed these reports and clarified that Biden has been receptive of different ideas and is preparing for the election campaign ahead of the US Presidential Election in November. Also Read: US Independence Day 2024: What and where to watch on TV on 4th July? Series, shows, movies and more

Cristiano Ronaldo is one of the richest sportsmen globally since his stellar career has seen some amazing multi-million dollar transfer deals, including brand endorsements that were worth handsome packages. The former Real Madrid star and ace Portugal national team striker owns villas, brands and much more, which have made his net worth exponential. However, there is a little-known Romanian sportsman, who is richer than even this footballing legend.

Sivaramakrishnan Ganapathi, MD, Gokaldas Exports, says this year on the low base of last year, there is a growth. Also, the retail-led demand continues to pull up the sector and there is also a move from Western companies to source more from India and that is getting more pronounced when the demand is coming back, so that also is helping us to see more traction. So, overall, in Asia, India, and Bangladesh would see some more growth As per reports doing the rounds, the centre seems to be planning to bring in some of the textile products like t-shirts, innerwear, etc, under the PLI scheme for textiles. Tell me, if this inclusion were to come in, how does it help you? Sivaramakrishnan Ganapathi: It will create fresh investments in the sector, so that is good news. And I see that there should be a demand-pull going forward for the next three to five years. So, after an inventory-led low demand last year, we are seeing traction coming back and coupled that with a PLI that encourages additional investment, and if the investment thresholds are kept low, many more new investors will come in, which will be good for the industry. More capacity gets created in India, more can be served out of India, and it will increase exports.

In the wake of a domain attack involving Squarespace, numerous DeFi protocols have released post-mortem reports and updates to inform their communities about the incident’s impact and their subsequent actions.

Democracy and markets share a belief in the ‘wisdom of crowds,’ a thesis presented well by James Surowiecki in a book by that title which offers various examples of how numerous minds put together are smarter than a few. The antithesis of it, though, glares out from every news report of a stampede. Can a clash of that crowd thesis with its antithesis yield a synthesis? Say, the ‘common sense of crowds’? The question has arisen again as India mourns the 120-plus lives lost to another crowd crush, this time in a slushy field near Hathras, Uttar Pradesh, where an estimated 250,000 devotees had turned up at a religious gathering, although local authorities said approval had been given for just 80,000.

The report, based on insights from Farmley, highlights that younger Indians, particularly Millennials and Gen Z, are balancing bold flavors with healthy options. The data reveals a trend towards fiery Peri Peri flavours among 44 percent of younger Indians, while older generations prefer classic black pepper. Surprisingly, the Achaari flavour, despite being tailored for Indian tastes, has not gained significant traction across all age groups. The love for chocolate remains strong across all generations, with 65 percent of Gen Z, 63 percent of Millennials, 46 percent of Gen X, and 40 percent of Boomers identifying it as their preferred sweet treat. Mango follows closely, favored by 50 percent of Millennials, 41 percent of Gen X, 40 percent of Gen Z, and 30 percent of Boomers. Vanilla also holds a cherished spot as a dessert favorite, with 42 percent of Millennials, 38 percent of Gen Z, 35 percent of Gen X, and 31 percent of Boomers appreciating its comforting sweetness.

small business borrowers. This is an increase from 50% at the end of FY23. In September 2019, the regulator had directed banks to link interest rates on retail loans and loans to some small businesses to the repo rate and the treasury bill yields.

Mint looks at the key aspects of the latest Hindenburg post: The show-cause notice dated 26 June 2024 was sent to Hindenburg and Kingdon Capital Management, the only investor with which the US short seller shared the damning report on the Adani Group before publishing it. The notice details how Hindenburg violated some regulations, including inadequate disclosures on how it traded and profited. It estimates Hindenburg made $14.7 million from taking a short position in Adani.

flood situation has been prevailing in Assam's Kaziranga National Park. According to the park official, the water level has risen significantly and inundated 167 camps. «This year flood situation prevails in Kaziranga National Park. The water level has risen considerably. So far 167 camps have been inundated, and we have evacuated eight camps...» DFO Arun Vignesh, Kaziranga National Park said. «With the support of the locals and police, we are strictly regulating the speed of the vehicles. That is why no vehicle hit has happened yet. People are very cooperative. Hope they will continue to cooperate,» he added.

Formula One race and the manufacturer of a hypersonic missile have in common? To a layman this may be like comparing oranges to apples. It has now emerged in various news reports that the Formula One team McLaren will be collaborating with the British Ministry of Defence on its hypersonic missile program. The car maker will be amongst other things advising the Ministry of Defence on matters pertaining to optimizing supply chain relationships. The details of the cooperation remain vague and this comes in the midst of an arms race in the manufacturing and innovation in the field of hypersonic missiles.

MUMBAI : Temasek, the private equity (PE) arm of the Singapore government, is the front runner to acquire significant minority stake in Tynor Orthotics, a Mohali, Punjab-based medical equipment maker, according to three people with knowledge of the development. The manufacturer and exporter of orthopaedic and fracture aids, which is backed by consumer-focused PE firm Lighthouse Funds, is being valued at ₹3,000 crore, three people with knowledge of the development said. “The final bids have come in and Temasek is the front runner," the first person cited above said on condition of anonymity, adding that the other bidders who made it to the final round include global PE firms Warburg Pincus and Norwest Venture Partners.

House of the Dragon, the epic American fantasy drama from creators George R.R. Martin and Ryan Condal, continues to captivate audiences with its deep dive into Westeros nearly two centuries before Game of Thrones. As Season 2 unfolds, anticipation mounts for Episode 4, promising more intrigue and drama.

Japan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher

Envestnet has confirmed that it will soon be purchased by Bain Capital and Reverence in what promises to be a seismic take-private deal.

State Department Deputy Spokesperson Vedant Patel made the remarks on Monday at his daily news conference in response to a question on US-India relations and the recent conversation between President Joe Biden and Prime Minister Narendra Modi on the sidelines of the recent G7 Summit in Italy. «India is a country in which we are deepening our relations within a number of key spaces, especially as it relates to deepening our economic ties, deepening our security cooperation,» Patel told reporters.