MUMBAI: Tiger Global and Microsoft will fully exit PhonePe as the Walmart-owned fintech gears up for a debut on Dalal Street in the coming months. The first Indian business from Walmart’s stable to go public, PhonePe is seeking to raise about Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). Walmart, which holds … Read more
NEW DELHI: IndiGo net profit fell 78% to Rs 549 crore in the tumultuous Dec quarter due to flight disruption and provisions for higher gratuity and leave encashment as mandated by the labour code.IndiGo CEO Pieter Elbers, who has been issued a warning by aviation regulator for the airline’s failure to plan for crew flying … Read more
MUMBAI: India’s bank depositor remains the predominant source of credit to the commercial sector, but their relative contribution is steadily declining as credit growth outpaces deposit mobilisation, data for Dec 2025 show.As of Dec 2025, total outstanding credit to the commercial sector (bank and non-bank) rose to Rs 297.9 lakh crore, while bank deposits stood … Read more
NEW DELHI: The US Securities and Exchange Commission has asked a US court for permission to personally email summons to Indian billionaire Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme, filings show.India, the SEC said, has previously refused two requests to serve the summons. In the most … Read more
MUMBAI: US-based private equity (PE) firm General Atlantic is buying a minority stake in Rajkot’s Balaji Wafers amid growing investor appetite for local snack food brands. The companies did not disclose the financial terms of the deal announced on Thursday. General Atlantic, it is learnt, is picking up a 7% stake for over Rs 2,000 … Read more
NEW DELHI: Amid tariff trouble, for Indian commercial missions the message from the Prime Minister’s Office (PMO) and the commerce department is clear: “Har ek country zaroori hota hai”.PMO officials have held at least five meetings with Indian missions, ministry of external affairs and trade bodies, underlining the need to step up trade engagement for … Read more
The US Federal Reserve’s preferred inflation measure remained elevated in November, reinforcing expectations that policymakers are likely to pause further interest rate cuts as they assess the impact of earlier easing and new trade-related pressures.Data released by the US Department of Commerce on Thursday showed that the personal consumption expenditures (PCE) price index rose 2.8% … Read more
Healthcare emergencies have emerged as one of the leading reasons for personal loan borrowing in urban India, highlighting gaps in health insurance coverage and rising medical costs, according to a new consumer research report released by Paisabazaar.The study, titled The Personal Loan Story, found that 11% of personal loan borrowers nationwide took credit to meet … Read more
Billionaire founder Deepinder Goyal has relinquished over Rs 1,000 crore worth of unvested employee stock options (ESOPs) at Eternal, marking one of the most significant founder-led governance moves seen in India’s listed internet sector in recent years.The decision comes alongside a leadership transition at the food delivery and quick-commerce major, with Goyal stepping down as … Read more
NEW DELHI: IndiGo net profit fell 78% to Rs 549 crore in the tumultuous Dec quarter due to flight disruption and provisions for higher gratuity and leave encashment as mandated by the labour code.IndiGo CEO Pieter Elbers, who has been issued a warning by aviation regulator for the airline’s failure to plan for crew flying … Read more