NEW DELHI: The news of a reduction in goods and services tax (GST), while cheering consumers and companies, has also led to a peculiar problem for retailers – both offline (on ground) and online.Companies say that festive demand, that usually begins from Ganesh festival in Maharashtra and Onam in the south, is turning out to…
NEW DELHI: Over the last five years, India’s private hospital sector has shifted increasingly into the hands of global private equity giants, reshaping the over $80 billion healthcare market through consolidation and scale.Once dominated by public institutions and family-run setups, the sector has witnessed a surge of private equity interest – a sharp departure from…
Mumbai: Markets regulator Sebi is planning to incentivise fund distributors who bring in first-time women investors into the mutual fund (MF) fold, Tuhin Kanta Pandey, Sebi chief, said on Friday. “Another priority is to encourage greater participation of women in mutual fund investing. Financial inclusion will remain incomplete unless women are equally represented, and we…
Mumbai: Markets regulator Sebi on Friday proposed to hike the minimum amount for a large chunk of shares to qualify as a block deal, from Rs 10 crore now to Rs 25 crore. Block deals are executed through special 15-minute trading windows on stock exchanges twice a day and at prices that are fixed by…
Mumbai/Kolkata: British-Indian industrialist Swraj Paul passed away on Thursday evening in a London hospital at the age of 94. The founder of Caparo Group had been unwell, leading to his recent hospitalisation. Consistently featured in the ‘Sunday Times Rich List’, Swraj was ranked 81st this year, with an estimated fortune of £2 billion. His group,…
In an industry where star earnings often rise and fall with box-office success, Jackie and Ayesha Shroff’s early bet on television proved to be a defining financial decision. Their timely investment in Sony Entertainment Television’s Indian launch two decades ago turned into their most profitable venture, as reported by Economic Times.Ayesha Shroff, who co-founded Jackie…
Widespread adoption of Artificial Intelligence (AI) by US corporates could help offset the financial impact of tariffs, HSBC said in a new report, highlighting how technology is driving efficiency and reshaping business operations.The report analysed 44 S&P 500 companies and found that firms achieved median cost reductions of 1.5 per cent, alongside average productivity gains…
Nvidia chief executive Jensen Huang said the company is holding talks with the Trump administration over a potential new semiconductor for China, even as Washington maintains tight curbs on advanced chip sales citing national security.During a visit to Taiwan to meet Taiwan Semiconductor Manufacturing Corp (TSMC), Nvidia’s key manufacturing partner, Huang was asked about reports…
Infrastructure policies and other elements essential for critical communication in the country are being developed rapidly, Telecom Regulatory Authority of India (Trai) Chairman A K Lahoti said on Friday.Speaking at the Broadband India Forum (BIF) event on critical communications, Lahoti said the regulator has given a series of recommendations to the government to strengthen critical…
Markets regulator Sebi chairman Tuhin Kanta Pandey on Friday cautioned the mutual fund industry that beyond market-linked investment risks, operational risks such as fraudulent redemptions by impersonators pose a growing threat to investor confidence.Speaking at an event organised by the Association of Mutual Funds in India (Amfi), Pandey stressed the need for heightened vigilance, urging…