Less than one-third of new-age Indian IPOs beat market benchmarks: Report

India’s 25 venture capital and private equity backed “new-age” companies, that listed between May 2020 and June 2025, reveals a sobering reality behind the hype: barely a third have delivered sustained outperformance against the market. Illustration: Dominic Xavier/Rediff According to

Running for top spot, Asics eyes Nike and Adidas turf in India

It has charted an ambitious target. Japanese premium sports goods giant Asics — which sells 75 per cent of its shoes in the country at over Rs 12,000 a pair — wants to be the No. 1 running shoe player

Sebi bans Wadhawan brothers for five years in DHFL fund diversion case

The Securities and Exchange Board of India (Sebi) has barred Dewan Housing Finance Corporation Ltd’s (DHFL) former promoters Kapil and Dheeraj Wadhawan for five years from the securities market for alleged diversion of funds. Photograph: Francis Mascarenhas/Reuters They have also

Passenger vehicle dispatches dip marginally in July

Passenger vehicle dispatches from companies to dealers in the domestic market declined marginally year-on-year in July, hit by muted demand, industry body SIAM said on Thursday. Photograph: Karen Toro/Reuters Passenger vehicle dispatches declined  to 340,772 units in July, compared to

Ola Electric likely to enter sports scooter segment

Ola Electric is likely to announce its foray into the sports scooter segment on August 15 as part of its plans to expand its product portfolio, according to sources. Image used for representation purpose only. Photograph: Courtesy, Ola Electric The company

Sensex climbs 304 pts on buying in metal, auto and pharma shares

Stock markets rebounded on Wednesday with benchmark Sensex closing higher by 304 points on buying in metal, auto and pharma shares as steady US inflation data propelled a sharp rally in global markets. Photograph: Courtesy, Ola Electric The 30-share BSE

Banks to clear cheques within few hours from Oct 4: RBI

The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Photograph: Francis Mascarenhas/Reuters Cheques will be scanned, presented,

ONGC Q1 net profit drops 10% on lower oil prices

State-owned Oil and Natural Gas Corporation (ONGC) has reported a 10 per cent decline in its June quarter net profit on lower oil prices and stagnant production from its aging fields. Photograph: Amit Dave/Reuters The company reported a net profit

Why Are Bankers Committing Suicide?

In the past 10 years, over 500 PSB officers have died by suicide.When targets are overwhelming, senior management and customers are both impatient, and there is constant fear.Not every banker has the resilience to survive and thrive, warns Tamal Bandyopadhyay.

Ambani family wealth is double that of Adani’s at Rs 28 lakh cr: Report

The Ambani family, headed by billionaire Mukesh Ambani, possesses a wealth of Rs 28 lakh crore, more than double that of the Adani family at Rs 14.01 lakh crore, a report said on Tuesday. Photograph: PTI Photo from the Rediff