Private equity (PE) investments in India have fallen to a 6-year low at $24.2 billion in the financial year ending March 2024. Investments via PE deals are down 47 per cent compared to FY23, when private equity deals worth $45.8
For the startup ecosystem in India, the scorecard so far has been a mixed bag, observes Akhil Gupta. Startups are being projected as the ‘backbone of future India’. The Startup Mahakumbh in Delhi is a great step forward in showcasing
Investors’ wealth soared by Rs 10.58 lakh crore in three days of the market rally, where the BSE benchmark jumped over 2 per cent, and hit an all-time high on Monday. Extending its winning momentum to the third day running,
Infosys has received a tax demand of Rs 341 crore for assessment year 2020-21 from the Income Tax Department, the IT services company said on Monday adding it is evaluating filing an appeal against the said order. Photograph: PTI Photo
GST collections in March grew 11.5 per cent to Rs 1.78 lakh crore, buoyed by domestic transactions, the finance ministry said on Monday. The gross GST collection for the last fiscal (April 2023-March 2024) stood at Rs 20.14 lakh crore,
Wealth, which can broadly be a measure of assets held as opposed to income earned, is unequally distributed. India’s richest people now have a larger share of national income than in more than a century. The top 1 per
The Reserve Bank of India’s interest rate decision, macroeconomic data and global trends will drive investors’ sentiment this week, with markets hoping to continue the positive momentum after ending FY24 on a buoyant note, analysts said. In addition, the trading
Adani group opened a $1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani’s Reliance Industries, all in a matter of one week in signs that the
Reliance Industries Ltd invested over $125 billion in the last ten years as it undertook massive expansion in hydrocarbon and telecom businesses, a report said, estimating that the conglomerate’s investments in the next three years would be in relatively less
Will we see a Chennai-Bengaluru hyperloop? IMAGE: Union Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw inspects the demonstration of the Hyperloop pod model during his visit to the Indian Institute Of Technology-Madras Research Park, in Chennai. Photograph:
