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Subscribe to enjoy similar stories.Billionbrains Garage Ventures Ltd (Groww) shares jumped over 10% on Tuesday during trading hours, hitting a new high of ₹216.75 apiece. Investors seem excited about better revenue growth prospects for FY27, aided by a slightly softer base.

Subscribe to enjoy similar stories.Mumbai: India’s trustee services industry has long operated in the background. At Axis Trustee Services Ltd, an arm of private sector lender Axis Bank, the new chief executive is pushing to change that.After over two decades at Axis Bank, Rahul Choudhary moved to Axis Trustee Services as the chief executive in February 2025, bringing with him experience across wholesale banking, including credit, trade finance, and treasury.With this experience in mind, Choudhary now wants Axis Trustee to play a more active role in pre-empting defaults, instead of playing a passive role.Regulated by the Securities and Exchange Board of India (Sebi), a trustee acts as an intermediary between the issuer of securities and investors.

Subscribe to enjoy similar stories.South Korean tech companies Krafton Inc. and Naver Corp.

Subscribe to enjoy similar stories.India’s plan to use artificial intelligence to reduce a tide of spam is drawing the ire of the nation’s lenders and digital platforms, who warn the effort risks affecting the digital backbone of the economy. Banks and fintech giants claim the automated system could hinder essential customer alerts, from fraud warnings to one-time passwords (OTPs).The Telecom Regulatory Authority of India (Trai) is seeking to keep a crisis at bay, which saw spam complaints triple to 2.5 million last year from 2021, according to data tabled in the Lok Sabha in February by the Department of Telecommunications.

Subscribe to enjoy similar stories.Amazon is investing $5 billion more into the AI startup Anthropic and up to $20 billion longer-term.An expanded agreement includes a pledge by Anthropic to spend more than $100 billion over the next 10 years on Amazon’s AWS artificial intelligence technologies.The agreement includes current and future generations of Amazon’s custom Trainium chips and tens of millions of Graviton CPU chips, and up to 5 gigawatts of capacity to train and power its advanced AI models.The two companies also announced a meaningful expansion of international inference in Asia and Europe to better serve Claude’s growing international customer base.Amazon’s additional investment comes on top of the $8 billion Amazon previously invested in Anthropic.Amazon’s shares were up 2.6% to $254.80 after the bell. Amazon’s stock is up 7.6% year to date through Monday’s close, and 43% over the past 12 months.Write to Janet H.

Subscribe to enjoy similar stories.Wall Street’s favorite new way of making money is selling sophisticated investing strategies to Main Street.JPMorgan, Goldman Sachs, Morgan Stanley and other banks are competing to sell programs that systematically execute trades based on preset rules. Hedge funds and others have long deployed such quant-trading strategies, but now pension funds, endowments, family offices and others are embracing them.Asset managers are also seeing a surge in interest in the strategies from wealthy investors.Fueling interest in these trading products, which banks call quantitative investment strategies, or QIS: fear that traditional investment approaches can’t keep up in the age of artificial intelligence.“The speed of the market is increasing, and we don’t have conviction about managers who mainly rely on fundamental analysis,” says Elmer Huh, chief investment officer of the Murdock Trust, a foundation in the Pacific Northwest.

Subscribe to enjoy similar stories.Mumbai: A clutch of private equity firms including Multiples Private Equity, Warburg Pincus, KKR and Kedaara Capital are evaluating a stake in jewellery brand Giva in an $80-100 million deal, three people familiar with the matter told Mint.“The company is expected to see an uptick in its valuation and is seeking a little over ₹6,000 crore for this round,” the first of the three persons cited earlier said, all of whom spoke on the condition of anonymity. The second person said the round is largely primary (about 75%) with a small secondary component that is likely to see early investors like A91 Partners and Sixth Sense Ventures exit their stake in part or full as the structures are still being decided.“The company plans to use the funds towards expansion plans including opening new stores, expanding inventory lines and manufacturing capabilities.

Subscribe to enjoy similar stories.Tiger Global-backed Infra.Market’s founders are taking on personal debt through their promoter entity, Silverline Homes Pvt Ltd, to inject fresh capital into the company, as market volatility clouds its valuation and delays its planned initial public offering (IPO), three people aware of the matter told Mint.“As things stand, the promoters are injecting more cash into Infra.Market through Silverline by taking on personal debt,” one of the persons said on the condition of anonymity. “They are also asking existing investors to participate in this equity raise as the much-needed IPO liquidity is still quite far away.”The promoter-backed infusion underscores the pressure building across India’s pre-IPO cohort.

Subscribe to enjoy similar stories.Mumbai: Tea cafe chain Chaayos, backed by investors including Tiger Global and Elevation Capital, has appointed Avendus as an advisor to raise $50-70 million in a fresh funding round, two people familiar with the matter told Mint.“The company mandated Avendus a few months ago and the deal has been formally launched. While the exact structures are yet to be decided, several private equity and growth stage funds have been tapped as part of the process,” said one of the people cited above, adding that the company plans to use the funds for expansion.The round is expected to be a mix of primary and secondary.

Subscribe to enjoy similar stories.NEW DELHI: South Korean tech companies Krafton Inc. and Naver Corp.

Subscribe to enjoy similar stories.New Delhi: Three weeks after its official inauguration, the Noida International Airport faces fresh uncertainty over the start of commercial flights, as a key security clearance for its chief executive is still pending. The nod from the Bureau of Civil Aviation Security (BCAS)—essential before operations can begin—has yet to come through, raising the possibility of a delay to the airport’s planned mid-May launch.The Noida International Airport at Jewar in Uttar Pradesh, 100 km off Delhi’s Indira Gandhi International airport, was inaugurated by Prime Minister Narendra Modi on 28 March 2026.

Subscribe to enjoy similar stories.MUMBAI: Zero sugar is no longer a differentiator for India’s soft-drinks industry – it’s a way of ensuring a stake in the market. After a year in which zero sugar dominated advertising and shelf space, beverage makers are offering functional drinks – reduced or no-sugar products with zero calories and ingredients like vitamins, minerals, probiotics and prebiotics.Chini Kum has entered the market with zero-sugar, low-calorie drinks fortified with prebiotic fibre.

Subscribe to enjoy similar stories.SÃO PAULO—A Brazilian gang founded in the country’s violent prisons is fast becoming one of the world’s biggest criminal organizations, reshaping global cocaine flows from South America to Europe’s busiest ports and edging into the U.S.Long under Washington’s radar, the First Capital Command, known by its Portuguese initials PCC, started out as a disgruntled band of inmates fighting for soap and toilet paper in the 1990s.It now has some 40,000 members behind bars and on the streets with a vast network of affiliates—making it the largest criminal group in the Americas by some estimates, operating in nearly 30 countries on every continent except Antarctica.“The PCC has become a truly transnational group,” said Lincoln Gakiya, Brazil’s top PCC prosecutor, who has tracked its rise for two decades. “I believe it is now the fastest-growing criminal organization in the world.”With the scale of Italian organized criminal groups and the efficiency of a multinational corporation, the PCC has helped drive record cocaine seizures in Europe and sparked violent turf wars in the heart of major ports in Belgium and the Netherlands.Prosecutors and police in Brazil are calling on President Trump to label the PCC a Foreign Terrorist Organization, joining more than a dozen other Latin criminal networks.The PCC is organized crime at its most organized, prosecutors say.Unlike the narco-tycoons of Mexico, the heavily armed Colombian cocaine militias or the flashy drug lords of Rio de Janeiro’s Red Command gang, PCC members keep a low, businesslike profile, seeking fortune not fame—and shying away from the kinds of gratuitous violence that attract police and TV news crews.

Subscribe to enjoy similar stories.Stock market recap: Indian equity benchmarks ended a volatile session on Monday with a positive bias. Indices had opened higher, tracking firm global cues, and briefly strengthened around midday, but gave up most gains as concerns around the US-Iran ceasefire kept sentiment cautious.Sensex closed up 26.76 points at 78,520.30, while Nifty 50 edged up 11.30 points to settle at 24,364.85.Sectoral performance was mixed.

Subscribe to enjoy similar stories.Pocket FM, an audio storytelling platform, said its users in India and the US are getting increasingly comfortable with microtransactions— paying per episode or series—giving it a monetization engine that differs from the classic subscription business.The company’s recent growth reflects how microtransactions and the deeper use of AI across content creation, editing and creator tools have started to scale up together, chief operating officer Lalit Gangwar said.“Pocket FM is best understood as a microtransaction-led audio storytelling business rather than a pure subscription model,” Gangwar said. “Listeners typically start free, get hooked on serialized stories or series, and then keep returning to unlock the next episode or story arc.”The company doubled its annualized revenue run-rate (ARR) to over $400 million ( ₹3,725 crore) in the past year, after taking six years to reach its first $200 million.

Subscribe to enjoy similar stories.India’s equity market is undergoing a quiet but meaningful structural shift, where market leadership is steadily widening beyond traditional heavyweight conglomerates. While large business groups continue to dominate in absolute terms, their grip on overall market capitalization is loosening as gains spread across sectors, mid-sized firms and new-age businesses.A Mint analysis of 10 leading business groups by market capitalization shows their combined share in India’s total market value has steadily declined over the past few years—from 31.4% in FY22 to 25.3% in FY25 and further to 24% in FY26.

Subscribe to enjoy similar stories.India’s chaotic public transportation system could be in for a major overhaul, with federal think tank NITI Aayog beginning work on a national framework for first- and last-mile mobility, according to two people aware of the development and a document reviewed by Mint.The move is significant given the scale of reliance on informal transit: an estimated 200–300 million Indians depend heavily on privately run rickshaws, tempos and minibuses for last-mile connectivity, with most tier-II, tier-III and smaller towns having limited public transport.The framework is to be finalized by a nominated committee of transportation sector experts, as well as officials from the ministries of road transport and highways, and housing and urban affairs, according to one of the two people cited above, who requested anonymity.“The target for this committee, headed by a NITI Aayog official, is to prepare a report in the next three months,” this person added.The second person cited above said that the move was prompted by the fact that there is currently no formal framework for a transport system widely used by the public. “The committee will try and figure out what can be done about establishing an oversight into this informal system of transport, which is growing rapidly,” the second person said.The document reviewed by Mint showed that government-run systems are available in just 66 of 496 Indian cities with populations above 100,000.

Subscribe to enjoy similar stories.Mumbai: A clutch of India's top private banks will decide by the end of next year who their new chief executives would be, and while the incumbents remain eligible, industry experts are keen on clarity over the second line of leadership.Chief executive officers (CEOs) of five prominent private sector banks —HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and IDFC First Bank—will require regulatory nod for another term. While the board of ICICI Bank has already approved a shorter-than-usual two-year term for CEO Sandeep Bakhshi, HDFC Bank’s Sashidhar Jagdishan is willing to serve another term.

Subscribe to enjoy similar stories.Late on Sunday, Tata Trusts announced it would seek to amend an exclusionary clause in the 103-year-old Bai Hirabai Trust, a charitable entity under its control, that restricts eligibility for trustee positions to members of the Zoroastrian community. The move has put the spotlight back on long-standing disputes within the philanthropic organizations that hold a majority stake in Tata Sons.Here is a snapshot of the simmering tensions that have gripped the House of Tata since the death of Ratan Tata on 9 October 2024.Since Ratan Tata’s demise, India’s largest industrial conglomerate has seen several top-level skirmishes.

Subscribe to enjoy similar stories.THE IRAN war may end up teaching America many lessons. One that it has learned the hard way is the woeful economics of using traditional weaponry against cheap Iranian drones.

Subscribe to enjoy similar stories.Bengaluru: Real estate investment firm Certus Capital plans to invest around ₹2000 crore in residential, office and mixed-use development projects in 2026-27, said a top executive.The Mumbai-headquartered firm will deploy the capital through a combination of proprietary balance sheet and its recently launched alternative investment fund (AIF).Certus Capital is currently raising its second Category-2 AIF—Certus TFCI Real Estate Fund—of ₹500 crore plus a green-shoe option of ₹500 crore. Tourism Finance Corp.