China's Ant Group has offloaded 25.5 million shares of fintech firm Paytm in a block trade, raising approximately $246 million. The shares were sold at ₹823.10 ($9.69) apiece, according to a term sheet reviewed by sources.
Avendus has raised more than Rs 1,000 crore in the first close of its third structured credit fund, as demand from high-net-worth individuals (HNIs) and family offices for customised private debt solutions grows in India’s evolving credit market.
Sri Lanka restaurant EBITDA margin improved by 250 basis points year-on-year to 14.8 per cent. Sales grew 19 per cent in LKR (Sri Lankan rupee) terms and 31 per cent in rupee terms. This quarter marked the culmination of a strong turnaround for the Sri Lanka business over the year.
The report comes amid Subramanian's recent exit from his post as India’s executive director at the International Monetary Fund (IMF), six months ahead of schedule.
Union Telecom Minister Jyotiraditya Scindia has said that Apple will manufacture all iPhones in India in the coming years.
The housing finance company faced challenges in two of its major markets — Karnataka and Telangana — in FY25. Business in Karnataka was affected by delays in the registration of property sale transactions.
Realty firm Macrotech Developers Ltd plans to launch housing projects worth Rs 19,000 crore across Mumbai Metropolitan Region, Pune and Bengaluru during this fiscal as it seeks to expand business amid strong demand for residential properties.
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