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Colgate ka to gate khul gaya, Nestle ka to panchhi urne wala hai, Pantene ka to pant gila hone wala hai, aur do saal me Unilever ka lever kharab ho jayega (Colgate’s gate has opened; Nestle’s bird [the Swiss company’s logo] has flown, Pantene’s pants are going to get wet, and in two years, Unilever’s lever will fail)." A month earlier, speaking to reporters in Bengaluru, he had said, “Colgate will be below Patanjali by this year (in terms of revenue), and in three years, we will overtake Unilever." Such was his confidence back then that Patanjali Ayurved, the company he had co-founded with Acharya Balkrishna, would send the multinational corporations (MNCs) that had lorded over India’s fast-moving consumer goods (FMCG) landscape for decades packing. In the end, however, the Patanjali founders failed in that endeavour as the MNCs took a leaf out of their ayurvedic playbook to beat them at their own game.

Asset Management Ltd on Thursday said it has garnered over Rs 1,800 crore during the new fund offering (NFO) of its Business Cycle Fund. Edelweiss Business Cycle Fund, an open-ended equity scheme, was open for subscription between July 9 and July 24. In a statement, the mutual fund house said that NFO received a strong response from investors, with over 90,000 applications amounting to more than Rs 1,800 crore.

ITC Hotels announced the opening of its 25th property under its brand Welcomhotel on Thursday.

BPEA Credit has committed Rs. 250 crore worth of funds to DMW Group which is engaged in the niche precision manufactured components space, according to a statement from the private credit investor. The funding includes a green shoe option.

Bitcoin miner Riot Platforms said Wednesday that a Canadian tribunal terminated Bitfarms’ “poison pill” strategy to block its acquisition. It means Bitfarms can no longer use this tactic to prevent a hostile takeover.

Navigating the volatile crypto market often feels like searching for hidden gems, and the WEEX Token (WXT) is proving to be one such treasure. Launched by the WEEX crypto exchange two weeks ago, WXT has seen an incredible 30% growth, defying the prevailing market trends. This prompts an investigation into WXT’s early success, including its market performance, comparison with other utility tokens, and future growth prospects..

Stephen Brown, deputy chief North America economist with Capital Economics, said the Bank of Canada’s comments suggested it would keep cutting rates if inflation continues to ease.

men's basketball team at the Paris Olympics 2024 as Team USA are the clear favorites when it comes to the gold medal in basketball.

Radhakishan Damani, through his entity Derive Trading, on Wednesday offloaded a partial stake in tobacco company VST Industries through bulk deals. According to exchange data, Damani sold about 2.62 lakh shares or about 1.7% stake in the company at Rs 4,102 apiece. This takes the transaction value to Rs 107 crore.

Northern Trust Asset Management has hired a former Goldman Sachs Asset Management leader as its global head of product strategy.

A registered investment advisor with $2.6 billion in assets under management has secured a strategic investment to fuel its national growth.

wildlife and conservation-focused lodges to guests, on Wednesday announced plans to achieve Rs 100 crore in revenue by FY28 from Rs 18 crore in FY24. In line with its growth strategy, the Delhi-headquartered company has set its sights on an Initial Public Offering (IPO) to fund its expansion plans. Jungle Camps India clocked a total revenue of Rs 18.10 crore and a profit after tax (PAT) of Rs 3.59 crore in FY24, compared with total revenue of Rs 11.24 crore and PAT of Rs 45 lakh in FY23, registering a healthy growth of 61 per cent in revenues and a five-fold jump in profit.

FAAD Capital has invested in four agritech startups — Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech — to support their growth plans. In a statement on Wednesday, FAAD Capital, a Sebi-registered Category 1 angel fund headquartered in Gurgram, said it has made a strategic investment in four innovative agritech startups as part of their AgriManch Accelerator.

₹1,000 crore venture fund for startups will further give a fillip to the country’s promising space sector, encouraging deeper public-private relationships. Changes to the Insolvency and Bankruptcy Code (IBC) are on the cards, with the setting up of additional tribunals to tackle pending cases and enhance the speed of the resolution process.

Under pressure from the disappointment in the Lok Sabha polls, the government got a massive boost for its 2024-25 budget in the form of a windfall dividend transfer by the Reserve Bank of India (RBI). With help from that revenue gain, the Centre chose to focus on cutting the fiscal deficit, and offer some tax relief to boost consumption, but only with a marginal increase in revenue expenditure. Did the budget manage to fire on all cylinders, or did it just showcase policy continuity? Mint breaks it down: After an unexpected loss of majority in the elections, the temptation to deliver a pro-welfare or a populist Budget could have run high for the ruling party.

Tax-free municipal bonds have traditionally been the cornerstones of high-net-worth investor portfolios.

budget unveiled dedicated schemes aimed at encouraging industry to increase hiring through incentives for employers and employees to jump start job creation and reap the benefits of the demographic dividend. The latest measures also seek to give impetus to skill training and encourage companies to offer internships to youth to enhance employability.

reform' has an interesting backstory. Originating from the Latin 'reformare' — 'to form again' — it essentially means giving things a makeover. It entered English through Old French in the 14th c, initially focused on moral and religious matters, and took the spotlight during the 16th c. Protestant Reformation. Nowadays, 'reform' is our go-to for fixing political, economic, social and educational systems because things break, get outdated or just mess up.

government on Tuesday said it will bring out a financial sector vision and strategy document for five years, with the objective to meet the financial needs of the country. «For meeting financing needs of the economy, our government will bring out a financial sector vision and strategy document to prepare the sector in terms of size, capacity and skills,» Finance Minister Nirmala Sitharaman said while unveiling Budget 2024-25 in the Lok Sabha.

According to interactive investor's first edition of its Top 50 Fund index, nearly one in three funds in the index invest in global shares. These included names such as Scottish Mortgage, Fundsmith Equity or HSBC FTSE All World index funds.  The US market ranked second in terms of popularity, with seven funds featuring among the 50 listed. Meanwhile, the UK had only three funds included by ii, while India had two and Europe and Asia Pacific one each. Deep Dive: Investors and managers diverge on cash balances amid high interest rates In addition, six out of the top ten funds were pa...

Rajesh Magow, group CEO of MakeMyTrip said its gross booking value for quarter one was more than $2.4 billion, with growth at 22% year on year in constant currency terms, and the adjusted operating profit was $39.1 million registering a growth of 30% year on year.