MUMBAI: Kotak Mahindra Bank founder Uday Kotak‘s family office USK Capital has acquired a majority stake in Go Raw, a Chicago-based seed-centric snack brand, marking its first investment outside India and its debut in the consumer sector.The stake was acquired from Juggernaut Capital Partners, a middle-market private equity firm, and other early-stage investors. USK did…
Indian equity benchmarks opened Wednesday’s session on an uncertain note, swinging between gains and losses as investors remained cautious amid continued foreign fund selling and ongoing global tariff concerns.At 12:00 BSE Sensex gained 161 points or 0.19% to 83,789. At the same time, Nifty50 rose 55 points or 0.22%. Several heavyweight stocks weighed on the…
Wholesale prices increased in December, with inflation measured by the Wholesale Price Index (WPI) rising to 0.83%. This marks the second consecutive month of upward movement after two months of deflation, official data released on Wednesday showed. The return to positive inflation came after wholesale prices contracted in October and November, when WPI inflation stood…
US President Donald Trump recently proposed to cap credit card interest rates at 10% for one year, to ease affordability concerns for Americans. However the move has sparked a debate as supporters are arguing that it could save Americans billions of dollars, while critics have flagged that it may restrict access to credit for people…
The upcoming Union Budget offers a moment to consider how crypto taxation can better align incentives with outcomes. By Nischal ShettyCrypto taxation in India was introduced at a moment when digital assets were gaining rapid adoption, but regulatory clarity was still evolving globally. In the Union Budget of 2022, the government implemented a flat 30…
China registered a trade surplus of nearly $1.2 trillion in 2025, the government reported on Wednesday. The record figure comes as strong exports to international markets offset slowing shipments to the United States. According to customs data cited by AP, the country’s exports rose 5.5% to $3.77 trillion last year, while imports remained steady at…
Gold price prediction today: Maneesh Sharma of Anand Rathi Shares and Stock Brokers sees the gold and silver price rally continuing amidst ongoing global economic and geopolitical uncertainty. Source link
NEW DELHI: The World Bank on Tuesday raised India’s growth projection for the current financial year to 7.2%, compared with 6.3% estimated in June, citing robust domestic demand due to strong consumption on the back of tax cuts and higher real rural income. For next year, the World Bank has retained its growth projection at…
Rupee started Wednesday on a weak note but recovered to gain 11 paise against the US dollar in early trade, buoyed by easing crude oil prices and a softer US currency in overseas markets. In the interbank foreign exchange market, the domestic unit opened weaker at 90.26 against the greenback but soon inched higher touching…
Asian markets mostly rose on Wednesday as Japanese stocks continued to outperform, extending a record-setting rally while yen weakened further. Hong Kong’s HSI traded at 27,037, up 188 points or 0.7%. Nikkei also inched higher, jumping 864 points or 1.6% to 54,413. Shenghai and Shenzhen also traded in green, up 1.11% or 1.83%. Meanwhile, in…