Crypto awareness outscoring bonds disappoints Sebi chief

SEBI chief Tuhin Kanta Pandey (PTI photo) MUMBAI: Sebi chairman Tuhin Kanta Pandey Wednesday expressed his disappointment at the fact that more Indians know about cryptocurrency than about corporate bonds. “Sebi’s investor survey shows awareness of corporate bonds as an investment product is only about 10%, well below deposits, insurance, and small savings. Even cryptocurrency…

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India 2nd biggest private equity hub for Warburg

Chip Kaye, Chief Executive Founder, Warburg MUMBAI: Warburg Pincus’s global chairman Chip Kaye said India is one of the ‘best constructive ecosystems’ that the PE giant has built over the last 30 years that the US-headquartered private equity major has been in the country.In this period, Warburg Pincus had made 80 investments in India. In…

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‘Budget move to accelerate urbanisation’: Swiggy MD

Sriharsha Majety, group CEO, Swiggy Swiggy MD & group CEO Sriharsha Majety has said that budget’s announcement to introduce City Economic Regions, will accelerate urbanisation and formalisation beyond the metros, while expansion of organised economic activity into Tier-II and Tier-III centres will be a key driver of incremental GDP creation over medium term.“Targeted investments in…

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Rupee retreats to 90.44 after deal-fuelled surge

MUMBAI: The rupee slipped 17 paise to close at 90.44 against the dollar on Wednesday, retreating after a sharp 124-paise surge in the previous session that followed news of a trade deal being finalised between India and US.Dealers said the rally lost momentum as the market failed to see follow-through demand, particularly from foreign institutional…

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Marico buys 60% in protein brand Cosmix

MUMBAI: Marico has snapped up a 60% majority stake in D2C wellness brand Cosmix for Rs 226 crore, ramping up acquisitions of new-age startups as consumers seek better choices and varied options catering to specific needs, increasingly shunning run-of-the-mill products.Cosmix sells a range of plant-based protein powders and functional superfood blends. The development comes days…

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AI Express to invest Rs 633 crore for revamp

NEW DELHI: Air India Express will invest $70 million (Rs 633 crore) on product upgrade and standardisation as the LCC is going to reposition itself between a low cost and a full service carrier.Sources say the $70 million programme is to upgrade its legacy fleet and standardise the 50 white tails (made for some other…

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Trouble brewing in machines for coffee chains?

MUMBAI: India’s coffeehouse chains are staring at a troubling brew. A higher customs duty on roasting, brewing and vending machines which is already in place now, will raise costs for companies, hitting their margins.Factor in the rupee depreciation and a wobbly coffee inflation and you have a perfect mix for stirring up a storm in…

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