Business

NEW DELHI: Investment management firm Fidelity International has acquired a 6.3% stake in e-commerce firm Meesho, according to regulatory filings. Fidelity’s stake is valued at around Rs 3,155 crore based on the issue price of Rs 111 apiece. Meesho shares listed at over a 53% premium on Wednesday. Agencies Source link

MUMBAI: New York-based alternative asset manager Brookfield is lining up investments worth over $1 billion (around Rs 9,000 crore) to set up a global capability centre (GCC) in Mumbai, raising its bets on India. The GCC, which will be Asia’s largest, is being developed through an agreement between Mumbai Metropolitan Region Development Authority (MMRDA) and…

NEW DELHI: IndiGo has appointment of Chief Aviation Advisors LLC to conduct an independent expert review and assessment of the recent operational disruption and the contributing factors. The firm is led by Captain John Illson, a veteran with more than four decades of aviation experience across the FAA, ICAO, IATA and major global carriers. “With…

Mexico’s steep tariff increase on imports from countries without a free-trade agreement will significantly disrupt India’s exports from January 1, 2026, the Global Trade Research Initiative (GTRI) has said, warning that nearly three-quarters of outbound shipments will come under sharply higher duties, ANI reported.Mexico has decided to impose duties of up to 50% on goods…

Americans are being advised to monitor their bank accounts as landlord subsidy payments of up to $1,500 under the Section 8 rental assistance programme begin to roll out, following delays triggered by the recent federal government shutdown, according to an ET report. The payments, formally known as Housing Assistance Payments, support low-income households, seniors and…

NEW DELHI: Retail inflation inched up marginally in Nov from a record low in Oct, led by an some uptick in prices of vegetables, eggs, meat and fish, spices – prompting experts to say that it is expected to remain benign for now.Data released by the National Statistics Office (NSO) on Friday showed retail inflation,…

The Union Cabinet has approved significant reforms for the stock market and insurance sectors. The plan includes allowing 100% foreign investment in insurance, aiming to boost penetration and consumer choice. NEW DELHI: The Cabinet on Thursday cleared rewriting of laws in two critical sectors – stock markets and insurance. The plan is to allow 100%…

The Cabinet Committee on Economic Affairs on Friday approved a new policy framework called the CoalSETU window, creating an additional auction route for long-term coal linkages for any industrial use and exports, according to an official release.The decision modifies the existing Non-Regulated Sector (NRS) Linkage Auction Policy of 2016, which restricts linkages to specified end-use…

Rupee depreciation: Experts are of the view that this weakness may persist in the near term. (AI image) The rupee has been in a downward spiral versus the US dollar – hitting new historical lows and even crossing the 90 mark. The depreciation has been steep, and even more on a real effective basis. In…

Russia’s diamond miner ALROSA CEO-Chairman Pavel Maryinchev said diamond companies will need time to adjust to the US tariff hike but the long-term impact is unlikely to be severe, adding that India’s cutting and polishing sector should be able to “adapt and minimise the effect”.“According to GJEPC data, the amount of diamonds purchased by Indian…