Today so far
Bajaj Finserv to rope in ex-GIC re chief for reinsurance venture
- Bajaj Finserv is preparing to enter the reinsurance sector
- It is appointing former GIC Re chairman N Ramaswamy Narayanan
- A reinsurance venture could broaden Bajaj Finserv’s insurance business
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Next-Gen GST and India's next phase of growth
- Next-Gen GST aims to simplify compliance, support businesses and strengthen revenues
- GST changes may affect compliance costs and demand across Indian businesses
One mutual fund for large-, mid-, small- and micro-cap exposure: How Nifty Total Market Index schemes fare on returns
Nifty Total Market Index funds offer exposure to large-, mid-, small-, and micro-cap stocks through a single mutual fund scheme. Here’s a look at the category, its benchmark performance, and how the index funds have performed so far.
Nykaa expects net revenue growth in late twenties in Q2
- Nykaa expects Q2 net revenue growth in the late twenties
- Fashion NSV is expected to grow in the late forties and net revenue in the early forties
- Expected growth supports Nykaa's outlook for its e-commerce and fashion business
Next-gen GST: Taking India's reform journey forward
- The new GST framework aims to streamline compliance while lowering tax rates
- Lower tax rates and simpler compliance could affect costs and demand across Indian businesses
Festive cheer shifts beyond metros as consumer brands bet big on small-town India
- Consumer brands are targeting tier-2 and smaller cities for festive-season growth as urban consumption weakens
- Brands named include Titan, Nykaa, Biba and Fabindia
- A shift toward smaller cities may benefit listed consumer-facing companies such as Titan and Nykaa
Reliance Retail, 7-Eleven end a five-year India franchise deal as convenience stores struggle
- Reliance Retail and 7-Eleven are ending their five-year India franchise partnership
- Most of their nearly 60 stores are set to shut
- The closure is a setback for Reliance Industries' retail expansion in India
DIAL raises 3,500 crore to refinance $522.6 m dollar bonds
- Delhi International Airport Ltd raised ₹3,500 crore through 15-year rupee-denominated non-convertible debentures
- The financing aims to refinance $522.6 million in dollar bonds
- Refinancing affects airport infrastructure debt funding, but no listed Indian company is named
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AI deal frenzy powers Hong Kong fundraising to a record in Jul-Sep
IPO, placement and block-trade fundraising hits a quarterly record despite stock sell-off and rising bond yields
AI cloning opens new monetisation route for celebrities, creators
Artificial intelligence is creating a new revenue stream for celebrities and digital creators by allowing them to license AI-generated versions of their faces and voices. The opportunity spans advertising, branded content and digital media, but also raises questions around consent, unauthorised replication and ownership of digital identities.
Trump reiterates pledge to send $5,000 checks, and hands out smaller payments, as midterm elections loom
- Trump reiterated a $5,000 dividend promise, conditional on Republicans retaining Congress
- He is promoting two federal payment programs already underway
There's an election next month: State of Crypto
Congress is gone from Washington for the final pre-election recess, and it's time to take stock of what's going on ahead of November.