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Blackstone to invest $2 billion every year in India, has invested $50 billion so far: CEO Jonathan D. Gray The New York-based group, which has been operational in India for nearly two decades, said Indian PE investments have delivered the highest return for it worldwide, and the investment in...

‘Radisson is the second largest international hotel operator in India’ With 115 operational hotels, and 60 are under development, the company plans to add 30 properties every year for next five years.

Bharat Forge re-appoints Amit Kalyani as vice chairman and joint MD Amit Kalyani's current tenure as joint MD ends on 10 May 2024. He has been associated with the company since 1999, starting his career focusing on operations and manufacturing before moving on to IT and finance

'Come to Bengaluru, increase odds of success': Unacademy’s Gaurav Munjal asks start-up founders to ditch Mumbai, Delhi Unacademy co-founder and CEO Gaurav Munjal says the environment in Bengaluru is more conducive for startups than in Mumbai and Delhi

India’s take-private norms a ‘mathematical impossibility’, need reforms, says Blackstone's Gray Blackstone COO Jonathan Gray also called for reforms for quicker M&A processes, while emphasising that India remains the investment firm’s third-most important market

'Regulatory risk...the biggest risk': Zerodha's Nithin Kamath on RBI's latest guidelines on currency derivatives According to the mandate, traders will compulsorily have to demonstrate contracted or prospective currency exposure to participate in the currency derivatives segments.

Vistara blames rostering for flight disruptions, warns of curtailed ops till May Over the last two days, more than 100 flights of the airline have been cancelled and a large number of flights have faced delays, as disgruntled pilots have called in sick en masse.

WinZO Games posts ₹120-crore operating profit in FY23 after similar loss in FY22 The social-gaming startup’s revenue surged 182% in FY23, capping an impressive turnaround amid tough times for India's gaming industry.

GroupM retains crown as India's top media agency in 2023 The WPP-owned media agency network emerged as the frontrunner with a total new business value exceeding $654 mn, followed by IPG Mediabrands with over $200 mn, and Omnicom Media Group, securing a new business value of around $128 mn...

Q4 results preview: FMCG sector likely to see muted revenue growth; margins to expand at a slower pace Q4 results preview: FMCG sector’s volume growth in the quarter ended March 2024 shall remain challenging with low-to-mid-single-digit volume growth driven by urban demand. Rural demand remains...

Vodafone Idea shareholders approve ₹20,000 crore fundraising plans Vodafone Idea wins shareholder nod for a whopping ₹20,000 crore fundraising through issuing new securities. The capital will be used for network upgrades, 5G investments, and potentially debt reduction.

General Atlantic buys majority stake in Ujala Cygnus Early backers Eight Roads Ventures, Somerset Indus Capital, and Evolvence Capital made a full exit with the deal

Could AMD break Nvidia’s chokehold on chips? Taking on the top AI chipmaker will be hard—but maybe not impossible

Jeff Bezos acquires third mansion in Florida's Indian Creek Island for $90 million Jeff Bezos buys a $90 million mansion on Indian Creek island in Florida, planning to demolish existing properties. The world's second-richest person, worth $203.7 billion, is expanding his real estate portfolio in...

Zomato gets service tax demand, penalty order of ₹184 crore, set to appeal Zomato, India’s leading online food delivery platform, has said that the company has received a service tax demand and penalty order of over ₹184 crore for the period October 2014 to June 2017.

UltraTech announces ₹32,400 crore capex for expansion in the next three years The cement company also announced the commissioning of two new greenfield projects with a total capacity of 5.4 million tonnes a year in an exchange filing.

In charts: Summer is here, but for India’s startups, funding winter is still on The Indian tech startup ecosystem saw a decline in venture capital funding during the first three months of 2024, reversing the moderate growth in funding over the previous three quarters, data from Tracxn shows.

Zee CEO Punit Goenka takes 20% pay cut Goenka said the voluntary cut is in line with his goal of driving frugality, optimisation and a sharp focus on quality content.

CoinSwitch parent forays into equity trading with Lemonn The cryptocurrency unicorn aims to revive its business with its new trading platform, following the prolonged downturn of the much controversial asset class.

India Inc pushes for temp hires An increase in consumer spending after appraisals and the summer holiday season are expected to push recruitment in this segment