US-based private equity firm General Atlantic (GA) is close to acquiring a 7% stake in Balaji Wafers for about Rs 2,500 crore (approximately $282 million), valuing the Gujarat-headquartered snack maker at nearly Rs 35,000 crore (around $4 billion). Two people familiar with the matter confirmed that the deal is in its final stages.As per ET,…
Warren Buffett’s comments come days after Tesla approved a $1 trillion pay package for its CEO Elon Musk. Berkshire Hathaway’s CEO Warren Buffett – widely regarded as an investment maverick – seems to have taken a subtle dig at Tesla CEO Elon Musk’s pay package. In his final shareholder letter as CEO, Warren Buffett observed…
Singapore will soon introduce a sustainable aviation fuel (SAF) levy of up to S$41.60 (around $31.95 or Rs 3,690) per passenger beginning next year, marking a significant step in its efforts to reduce carbon emissions in the aviation sector. The Civil Aviation Authority of Singapore (CAAS) announced that the levy will apply to tickets sold…
US President Donald Trump on Monday, once again claimed that India has stopped Russian oil imports and added that they are going to “bring down the tariffs” imposed on New Delhi.When asked about how close a trade deal with India is and whether he is willing to consider lowering the current tariff rate, Trump said,…
MUMBAI: Health insurance firms posted the strongest growth in October, outpacing the rest of the non-life sector, as lower GST rates on health premiums spurred fresh buying and renewals. Data from the General Insurance Council’s monthly Flash Report show that stand-alone health insurers (SAHIs) recorded a 38.3% year-on-year jump in gross premiums to Rs 3,738…
MUMBAI: The bad loan business showed faint but firm signs of recovery in September 2025, as the portfolio of asset reconstruction companies (ARCs) turned positive after two quarters of contraction. The rebound came despite rating agencies predicting a continued shrinkage in the sector, with banks accelerating sales of retail stressed assets to clean up their…
File photo (Picture credit: AP) Asian stocks continued to climb for a second straight day on Tuesday as signs emerged that US lawmakers were close to resolving the country’s record-long government shutdown. The positive sentiment also lifted global markets, though oil prices remained subdued amid concerns about oversupply and slowing demand.At 0230 GMT, the Nikkei…
India’s domestic growth cycle may be nearing its lowest point, with several supportive economic factors pointing to a possible rebound in the coming months, according to a report by HSBC Mutual Fund.The report noted that low interest rates, steady liquidity conditions, easing crude oil prices and a normal monsoon are all helping to create a…
In the very short-term, gold is expected to test the strong resistance around $4160. (AI image) Gold price prediction: Gold prices are rallying again on the hopes of US Federal Reserve rate cut expectations, and China’s gold buying. However, Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan recommends buying the…
MUMBAI: Tech-driven eyewear solutions company Lenskart listed on the bourses on Monday at 3% discount to its IPO price of Rs 402 but closed the session at Rs 403.3, marginally above its offer price. In the run-up to the IPO, there were concerns that the company’s stocks were being sold at a very high valuation,…
