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Mphasis CEO Nitin Rakesh assured investors that Blackstone's stake sale is a standard part of its investment cycle, not a reflection of poor performance. Blackstone, holding over 60% since 2016, plans to sell up to 1.8 crore shares via open market transactions, subject to market conditions. This move signals a natural exit strategy for the private equity firm.
The US Justice Department told a federal judge that Live Nation Entertainment Inc. should be broken up because the company maintains a stranglehold over the live events industry, in part by freezing out venues that don’t use its Ticketmaster unit.
Ashok Leyland's MD highlights the urgent need for a robust vehicle scrappage policy to modernize India's truck fleet. This initiative is crucial for reducing pollution and logistics expenses, as the average age of trucks has significantly increased, impacting operational efficiency and costs.
Textile Minister Giriraj Singh anticipates a trade deal with the EU within four days, highlighting stable garment export growth despite global economic challenges. He attributed this resilience to market diversification, with exports reaching Rs 1,01,000 crore in April-December 2025. Singh also refuted claims by Rahul Gandhi regarding US tariffs crippling the sector.
Indian apparel exporters face US tariff challenges, with some like Shishir Kapoor unaffected due to their premium clientele. Others, however, are pivoting to Europe and the UK, seeking new trade agreements and diversifying markets. Despite geopolitical hurdles, companies are adapting by focusing on new product lines and exploring emerging markets like Russia and Australia.
The Centre has approved a Rs 11,640-crore payout for employees of public sector general insurers, RBI, and Nabard, covering wage and pension resets. State-owned general insurers will receive the largest share of Rs 8,170 crore. This comes as three PSU insurers face solvency concerns, potentially leading to budgetary capital infusion and speculation about consolidation or stake sales.
Intel Corp.’s stock slide is delivering a reality check to President Donald Trump’s vision for quickly reviving domestic chip manufacturing led by an American champion, four months after the US moved to acquire as much as a 10% stake in the company.
Mumbai-based payments infrastructure startup Juspay has achieved unicorn status, securing $50 million from WestBridge Capital at a $1.2 billion valuation. This funding round, including a secondary component for early investors and employees, marks the company's significant growth. Juspay, powering global merchants and banks, processes over 300 million daily transactions, underscoring its robust business model and market traction.
Market watchdog Sebi is probing alleged insider trading in Yes Bank shares during a $1.1 billion deal in July 2022. Notices have been issued to executives from PwC, EY, Carlyle Group, and Advent International, along with their relatives and a former Yes Bank board member. Investigations reveal potential misuse of unpublished price-sensitive information for illegal gains.
The rupee hit a new low against the dollar, prompting the RBI to intervene by selling dollars. Simultaneously, the central bank injected liquidity into the banking system and conducted a dollar-rupee swap, which boosted forex reserves to over $700 billion. These actions demonstrate a delicate balancing act by policymakers.
Dalal Street witnessed a significant downturn on Friday as the Sensex plunged 770 points and the Nifty slid 241 points. Investor sentiment was dampened by a weakening rupee and substantial foreign fund selling, driven by geopolitical concerns. This selling pressure resulted in a loss of Rs 6.9 lakh crore for investors.
FIRST CITIZENS BANCSHARES-RESULTS/:First Citizens BancShares slides after downbeat annual interest income forecast
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