US private equity firm General Atlantic is acquiring a minority stake in Indian snack food maker Balaji Wafers for over Rs 2,000 crore. This investment values the Rajkot-based company at approximately Rs 35,000 crore. The deal aims to support Balaji Wafers’ expansion, innovation, and professional team development as it targets an IPO in five years.
General Atlantic bets on Balaji Wafers, to buy minority stake Read More »
Fintech giant PhonePe is preparing for its stock market debut, aiming to raise Rs 12,000 crore. Major investors Tiger Global and Microsoft are fully exiting their stakes as Walmart, the majority owner, reduces its shareholding. This move marks the first Indian venture from Walmart to go public, following a confidential IPO filing last September.
Walmart to cut 10 percent stake in PhonePe IPO Read More »
IndiGo’s net profit plummeted 78% to Rs 549 crore in the December quarter, impacted by Rs 577 crore in operational disruptions and Rs 1,000 crore from labour code provisions. Despite flight cuts and fare caps, total income rose 6.7% to Rs 24,541 crore, with the airline carrying 12.4 crore passengers in 2025.
IndiGo profit dives 78% in December quarter over flight disruptions Read More »
US regulators are seeking court permission to email summons directly to Indian billionaire Gautam Adani and an executive, after India twice refused to serve them. The SEC alleges fraud and a bribery scheme. Adani Group denies the claims, vowing to fight them. India cited procedural issues and questioned the SEC’s authority for the rejections.
US Regulator Seeks to Bypass Indian Govt to Serve Adani Summons Read More »
India’s banks are seeing their deposit base struggle to keep up with surging commercial credit demand. While bank credit still dominates, its share in funding is shrinking as non-bank sources like NBFCs and bond markets gain prominence. This indicates a significant shift in how businesses are financed, with banks facing increasing pressure.
Bank depositors’ role in funding credit growth on decline: RBI data Read More »
Outward remittances by resident Indians under the Liberalised Remittance Scheme saw a significant drop in November 2025, reaching a two-year low. This decline was attributed to a decrease in education-related travel and seasonal factors. Total outflows fell by approximately 18% from October, with travel expenses easing considerably.
Outward remittances fall to two-year low in Nov Read More »
Gold and silver prices are surging to all-time highs, driven by geopolitical uncertainties, trade disruptions, and a global supply-demand imbalance for silver. The weakening rupee further fuels these gains in the domestic market, with gold exceeding Rs 1.5 lakh/10gm and silver surpassing Rs 3.2 lakh/kg.
Gold trades near $4.9k/oz, silver at $95/oz Read More »
