CHENNAI: Private equity and venture capital (PE-VC) investments fell 5% year-on-year during the Jan-June period of CY2026 to $17.5 billion, compared with $18.4 billion in the corresponding period of CY2025. PE-VC investments, excluding those in the real estate sector, remained flat at $1.9 billion in June 2026, according to data released by research firm Venture…
NEW DELHI: India’s passenger vehicle industry ended the first quarter of FY27 on a strong footing, with most major automakers reporting healthy year-on-year growth in June, reflecting resilient consumer demand for SUVs and electric vehicles, despite supply disruptions at select manufacturers.Tata Motors Passenger Vehicles emerged as the biggest gainer among leading carmakers, reporting sales of…
BENGALURU: Persistent Systems’ $1.5-billion bridge financing from Barclays for its proposed acquisition of German IT firm Nagarro is the latest sign that Indian IT companies are increasingly comfortable using debt to fund transformative acquisitions. This marks a departure from the industry’s long-standing preference for cash-rich, debt-free balance sheets.The financing, backed by a corporate guarantee of…
NEW DELHI: Hero MotoCorp is set to invest Rs 3,200 crore in Andhra Pradesh over the next three to five years as India’s largest two-wheeler maker ramps up manufacturing, strengthens its global supply chain and expands beyond vehicle production into higher-margin businesses such as accessories and merchandising.The investment includes Rs 750 crore for the company’s…
NEW DELHI: India’s smart TV market may have slipped into reverse in the first quarter of 2026, but the ongoing FIFA World Cup is emerging as an important catalyst for premium television sales. Brands are reporting a sharp surge in demand for larger screens, despite broader consumer caution.According to Counterpoint Research, India’s smart TV shipments…
Wall Street falls as AI giants slide; investors track Iran tensions and Fed outlook US stocks traded under pressure on Wednesday as declines in major artificial intelligence-related companies weighed on the broader market, despite gains across most other sectors.Investors also remained cautious over US-Iran tensions, interest rate uncertainty and the outlook for inflation.The S&P 500…
China can now conduct national security reviews of overseas investments or transfers that could affect the country’s interests China has introduced sweeping new regulations to tighten scrutiny of overseas investments, with the framework coming into effect on Wednesday amid growing technological competition with the United States.The new rules, announced by China’s State Council on June…
Benchmark equity indices rebounded on Wednesday after two consecutive sessions of losses Benchmark equity indices rebounded on Wednesday after two consecutive sessions of losses, supported by positive global market trends and a decline in crude oil prices.The BSE Sensex climbed 443.97 points, or 0.58 per cent, to close at 76,922.64 after rising as much as…
The weakness has extended into the new quarter, with gold falling for a fifth consecutive week and slipping below $3,980/oz, its lowest level since November. (AI image) Gold price prediction today: Gold prices will continue to be under pressure with rate hike expectations in place, with near-term outlook negative, says Vedika Narvekar, Research Analyst –…
The latest collections were higher than the Rs 1,71,105 crore recorded in June 2025 India’s gross Goods and Services Tax (GST) collections rose 13.9 per cent year-on-year to Rs 1,94,812 crore in June 2026, driven largely by a sharp increase in tax revenues from imports, according to provisional data released by the finance ministry on…