MUMBAI: Four early investors in Billionbrains Garage Ventures that operates the leading fintech platform Groww, are together selling 4.3% stake worth about $500 million (close to Rs 4,800 crore) in the recently-listed company. Peak XV, Sequoia, Y Combinator and Ribbit, the selling shareholders, have mandated Kotak Securities and JP Morgan India to sell the shares…
MUMBAI: Indians’ love for gold is ever shining but the steep prices of the yellow metal over the past several quarters have nudged consumers to find ways to ease burden on their pockets while keeping the heft and appeal of jewellery intact. For instance, consumers are buying less of new gold but instead recycling or…
NEW DELHI: India cannot afford to remain a passive consumer in the AI era and must urgently build its own frontier-scale artificial intelligence models if it wants to shape global technology rules, according to Pratyush Kumar, co-founder of Sarvam AI.Speaking at the CII Business Summit, Kumar said Sarvam is now preparing to train its first…
NEW DELHI: Govt is steadfast in pursuing reforms along with policy certainty, which will ensure that India not only maintains macroeconomic stability but also emerges as a globally competitive economy, principal secretary to PM Shaktikanta Das said Monday, while listing out seven strategies that the corporate sector may adopt to build resilience.Addressing the CII annual…
MUMBAI: Investors continued to invest in equities, debt and gold through the mutual fund route despite volatile markets due to geopolitical tensions. In April, net inflows in equity funds were at Rs 38,440 crore, down marginally from Rs 40,450 crore in March while the corresponding figure in debt funds showed a huge reversal with a…
BENGALURU: LTM (formerly LTIMindtree) increased fresher hiring by 40% in FY26 and expanded the deployment of AI agents across its workforce. At the same time, the company relied more on subcontractors in overseas markets and adopted a calibrated salary hike strategy amid macroeconomic uncertainty The IT firm onboarded more than 6,700 freshers during 2025-26, strengthening…
MUMBAI: Fresh tensions between the US and Iran affected global investor sentiment on Monday, pushing up crude oil prices, weakening the rupee to a level below the 95-to-the-dollar mark, and leading to a sell-off on Dalal Street. As a result, sensex lost over 1,000 points in early trade, recovered some ground by mid-session, but fresh…
Jewellery industry body All India Jewellers & Goldsmith Federation (AIJGF) on Monday urged the government to focus on domestic gold mobilisation and recycling instead of discouraging gold purchases, warning that any sharp fall in demand could hurt livelihoods linked to the sector, PTI reported.The federation’s comments came a day after Prime Minister Narendra Modi appealed…
Wall Street’s main indices traded cautiously on Monday after last week’s record-setting rally as renewed concerns over stalled US-Iran peace talks and rising oil prices weighed on investor sentiment, Reuters reported.The Dow Jones Industrial Average was nearly flat in early trade, slipping 3.54 points, or 0.01 per cent, to 49,605.62.The S&P 500 rose 11.38 points,…
India has sufficient fuel inventories and there is no plan to ration petrol, diesel or LPG supplies despite continuing disruptions in global energy markets, Oil Secretary Neeraj Mittal said on Monday, PTI reported.Addressing the CII Annual Business Summit, Mittal said the country has maintained adequate fuel and LPG stocks during the ongoing West Asia crisis…