BENGALURU: Mphasis CEO Nitin Rakesh said Blackstone’s stake sale reflects a natural phase in the private equity firm’s investment lifecycle and does not indicate any loss of confidence in the company’s performance. Blackstone acquired a 60.5% stake in Mphasis for $1.1 billion in 2016 and has been invested in the company for over nine years….
MUMBAI: The foreign exchange market on Friday threw up a set of developments that appear contradictory: the rupee fell to a new low, RBI took measures to ease borrowing conditions, and foreign exchange reserves jumped past $700 billion even though the central bank was selling dollars to support the currency.The rupee slipped close to the…
Hyderabad & Mumbai: Silver’s unprecedented surge continued Friday. In late trades on the New York Commodity Exchange (Comex) the price of the white metal crossed the psychologically important $100-per-ounce (Oz) mark for the first time in history. Gold, which has gained at a much slower pace than silver in recent months, neared the $5,000/Oz mark.In…
Australia’s national carrier Qantas has launched a limited-period economy-class fare sale for Indian travellers planning trips to New Zealand later this year, as airlines seek to capitalise on rising outbound leisure travel from India, the airline said.The ‘New Year, New Zealand’ sale is open for bookings from January 22 to January 31, 2026, and covers…
Succession planning in promoter led Indian companies must be viewed through a commercial and generational standpoint, not a narrow, technical one. (AI image) By Varun SriramIn the last several years, across India’s listed company backdrop, a subtle but significant shift has been underway in how promoter families are viewing succession planning. As first and second-generation…
Market participants said sentiment was further undermined by a shift towards safe-haven assets and persistent foreign fund outflows. (AI image) It’s a bloodbath on Dalal Street! Indian stock market indices, Nifty50 and BSE Sensex, have crashed over 2% this week, leading to investors losing over Rs 16 lakh crore. Even as US President Donald Trump’s…
Even as India’s GDP growth has beaten forecasts so far this financial year – the big question is can it continue to grow well amidst the global economic storm? (AI image) India is the world’s fastest growing economy – with an over 6-7% GDP growth rate – the world’s fifth largest economy is driving global…
With India’s foreign exchange reserves rebounding sharply during the week, the country’s overall forex buffer rose by $14.167 billion to $701.36 billion in the week ended January 16, RBI data showed on Friday.The increase follows a relatively modest rise of $392 million in the previous week, when total reserves had edged up to $687.193 billion.While…
The Union Budget 2026 may maintain the fiscal deficit at 4.4% of GDP in FY27, according to Nuvama, as the economy shows fragile momentum. The government might focus on deregulation and disinvestments to support growth, rather than fiscal expansion, with a continued emphasis on sectors like semiconductors and AI. As the Budget 2026 approaches, the…
Ahead of the Union Budget 2026, industry leaders from the pharmaceutical and MedTech sectors have called for a structured funding framework to deepen innovation and research and development (R&D), saying this is critical for realising India’s Viksit Bharat vision.Dr Reddy’s Laboratories Ltd Chairman Satish Reddy said India’s pharmaceutical industry is undergoing a strategic transition from…
