In a move that has stirred debate across India’s capital markets, alternative investment fund Persistence Capital publicly announced its decision to skip participation in the high-profile initial public offering (IPO) of eyewear retailer Lenskart. The fund’s candid disclosure, made via a post on X (formerly Twitter), has added fuel to the ongoing conversation around inflated…
India’s long-term economic growth hinges on a decisive increase in its investment rate, according to S Mahendra Dev, Chairperson of the Economic Advisory Council to the Prime Minister (EAC-PM). Speaking at the First ISID@40 Distinguished Person Lecture in New Delhi, Dev emphasized that India must raise its investment rate from the current 31–32% to at…
Vedanta Limited, one of India’s leading diversified natural resources companies, reported its financial results for the second quarter of FY26, showcasing a mixed performance. While the company’s consolidated net profit before exceptional items declined by 13% year-on-year to ₹5,026 crore, it simultaneously achieved record revenue and EBITDA, driven by strong operational performance in its aluminium…
Bankim Brahmbhatt, an Indian-origin telecom entrepreneur, has become the focal point of one of the largest alleged loan frauds in the history of private credit markets. Accused of orchestrating a $500 million deception involving fabricated invoices, fake customer accounts, and non-existent receivables, Brahmbhatt’s case has sent shockwaves through global financial circles. The lawsuit, filed by…
Alphabet Inc., the parent company of Google, has reported its first-ever $100 billion quarter in Q3 2025, marking a historic milestone in the tech giant’s financial journey. CEO Sundar Pichai attributed the achievement to robust double-digit growth across all major verticals—Search, Cloud, YouTube, and subscriptions—driven largely by the company’s aggressive push into artificial intelligence. The…
India’s quick commerce sector witnessed a public clash of philosophies as Swiggy’s Group CEO Sriharsha Majety took a pointed swipe at rival Zepto during the company’s Q2FY26 earnings call. Without naming Zepto directly, Majety criticized the practice of chasing volume growth at the expense of profitability, stating, “We won’t chase volume growth with poor average…
Union Commerce and Industry Minister Piyush Goyal has clarified his earlier remarks on Indian startups, stating that his intent was never to undermine the entrepreneurial ecosystem but to ignite a national movement toward deep tech innovation. Speaking at the TiEcon Delhi-NCR 2025 conference, Goyal described his comments as a “wake-up call” aimed at shifting focus…
India’s automobile sector witnessed a robust rebound in September 2025, signaling a strong start to the second half of FY2026. According to the latest analysis by ICRA, the industry recorded a 5–10% increase in overall sales across segments, with the commercial vehicle (CV) category leading the charge with an impressive 11.9% year-on-year growth in wholesale…
In a world where leadership is often defined by charisma, strategy, and execution, Aravind Srinivas—co-founder and CEO of artificial intelligence startup Perplexity—offers a refreshingly grounded perspective on what it truly takes to lead a company. Speaking at the UC Berkeley Haas Dean’s Speaker Series, Srinivas declared that the number one skill required to become a…
In a dramatic development that has sent ripples across India’s corporate landscape, investigative portal Cobrapost has alleged that Anil Ambani’s Reliance Group diverted funds amounting to ₹41,921 crore from its listed companies over nearly two decades. The group has strongly denied the charges, calling the report a “malicious, baseless, and motivated campaign” allegedly orchestrated by…
