[ad_1] NEW DELHI: Billionaire Mukesh Ambani‘s Reliance Industries has acquired technology-driven and oncology-focused healthcare platform Karkinos for Rs 375 crore, the firm said on Saturday. Reliance Strategic Business Ventures (RSBVL), a wholly-owned subsidiary of Mumbai-listed India’s most valuable company, completed the acquisition of Karkinos Healthcare Pvt Ltd with allotment of requisite shares, the firm said…
[ad_1] NEW DELHI: India’s electronics industry is on the brink of a transformative phase as it targets USD 500 billion in manufacturing output by 2030, according to TeamLease report.Achieving this goal will require the sector to expand fivefold in the next five years, addressing a USD 400 billion production gap. Presently, the industry’s domestic production…
[ad_1] NEW DELHI: Venture capital (VC) activity in India has witnessed significant growth from January to November 2024, with investments reaching $16.77 billion across 888 deals, according to India Brand Equity Foundation (IBEF).This marks a 14.1 per cent rise in value and a 21.8 per cent increase in deal volume compared to the same period…
[ad_1] NEW DELHI: India’s IPO market achieved a historic milestone, with proceeds doubling from $5.5 billion in 2023 to $11.2 billion in 2024 says Global Data report.Murthy Grandhi, Company Profiles Analyst at GlobalData, says 2025 promises even bigger fireworks. He said, “India’s IPO market hit a bull run in 2024, with proceeds skyrocketing to $11.2…
[ad_1] MUMBAI: India’s current account deficit narrowed to 1.2% of GDP in Q2 FY25, slightly below the 1.3% in the year-ago period, according to RBI data. This was despite significant worsening of the trade deficit. In absolute terms, the CAD declined to $11.2 billion in Q2 FY25 from $11.3 billion in the same period last…
[ad_1] MUMBAI: The rupee plunged to a record low on Friday, closing at 85.53 against the dollar from it’s previous close of 85.26. In Friday’s trades, it briefly touched an intraday low of 85.80 – its sharpest fall in nearly two years, Bloomberg reported.The fall in the rupee was driven by panic dollar buying from…
[ad_1] NEW DELHI: Sajjan Jindal-promoted JSW Energy on Friday announced an all-cash deal to acquire green energy business of O2 Power, backed by Swedish private equity firm EQT and Singapore’s state investment arm Temasek, for Rs 12,468 crore, or about $1.4 billion.The largest acquisition by JSW is part of its strategy to achieve 20 gigawatts…
[ad_1] Hybrid work models, a focus on mental health, advancements in DEI (diversity, equity, and inclusion), and AI integration in recruitment, performance, and engagement will shape the future of HR. As businesses adapt to these changes, hiring will increase, driven by the growth of GCCs (global capability centres) and KPOs (knowledge process outsourcing) in India,…
[ad_1] NEW DELHI: If anyone can stake claim to putting India on four wheels and producing the people’s car Maruti 800, it is Osamu Suzuki, known for his hard-nosed business acumen as much as his no-nonsense attitude and frugal mindset.Suzuki (senior advisor, Suzuki Motor Corporation and former chairman, Suzuki Motor corp), who died on Dec…
[ad_1] MUMBAI/NEW DELHI: The FMCG industry does not see a full revival in urban demand to set in until at least mid-next year. This is even when companies are betting on premiumisation to derive growth from the bigger cities, where consumers are seeking high-quality products and convenience to partly make up for the sluggishness that…
