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The place that guarantees happiness had to burn itself down to create some for itself. Santa Claus is coming along riding on a sleigh! But where does Santa really come from? It’s from his hometown of Rovaniemi. Marketed as the magical “official hometown of Santa Claus,” when you think of the place you think of…
Pune Grand Tour, a four-stage cycle race spanning 437 kilometres, will be held from 19-23 January, 2026. (Image by Special Arrangement) Pune’s geographical features, such as its hilly landscapes and picturesque surroundings, make it an ideal city for cycling. No surprise then that ‘Poona’ was known as the Cycle Capital of India during the 1960s…
India’s mutual fund assets under management (AUM) are projected to exceed Rs 300 lakh crore by 2035, while direct equity holdings are expected to reach Rs 250 lakh crore, signaling a major shift in the country’s investment landscape, according to the How India Invests 2025 report by Bain & Company in partnership with Groww.Mutual fund…
Credit provided by India’s capital markets could eventually surpass bank lending, Kotak Mahindra AMC managing director and CEO Nilesh Shah said on Tuesday, underscoring a structural shift in how the economy is financed.Speaking at an event in Mumbai, Shah said credit, which was traditionally dominated by banks, is increasingly being provided by capital markets and…
Wakefit Innovations Ltd has raised Rs 186 crore ahead of its initial public offering, with Steadview Capital, WhiteOak Capital and Temasek-backed Capital 2B collectively buying shares through secondary transactions before the public issue opens.As disclosed in a public announcement, Steadview Capital Mauritius, WhiteOak Capital and Capital 2B acquired a combined 95.57 lakh equity shares at…
VIJAYAWADA: The Union govt has initiated the process to bring a Bill proposing to amend the AP State Reorganisation Act, 2014, for the inclusion of Amaravati as the capital of residual state of Andhra Pradesh.According to sources, the law ministry has already approved the proposal sent by the state govt, and it will be placed…
India’s three largest lenders — State Bank of India, HDFC Bank and ICICI Bank — will continue to be treated as domestic systemically important banks (D-SIBs), the Reserve Bank said on Tuesday, underscoring their critical role in the financial system and the need for stronger capital cushions. The designation requires the lenders to maintain higher…
The Pension Fund Regulatory and Development Authority (PFRDA) will create a dedicated NPS fund-of-funds platform to route pension money into selected alternative investment funds (AIFs), chairman S Ramann said on Tuesday, outlining a broader push to position pension assets as a stable source of long-term capital for India’s private markets. Speaking at IVCA DII &…
Oppo, Vivo, Lenovo-Motorola, Haier, Midea and other top Chinese electronic companies are relying on group companies to fund their Indian operations, according to the Registrar of Companies filings. Most of the funds received are from external commercial borrowing route from linked parties.According to sources cited by ET, this comes as the entities face a roadblock…
VIJAYAWADA: IT and HRD minister Nara Lokesh has asserted that the capital city Amaravati is coming up with world class infrastructure. In a captivating glimpse shared on X, Lokesh showcased the dynamic strides in Amaravati’s underground power infrastructure, underscoring the state’s commitment to building a resilient, visually stunning capital. The video, posted by Lokesh, captures…
