MUMBAI FINANCIAL SERVICES
Venture Catalysts raises Rs 150 crore in mix of primary, secondary transactions
Venture Catalysts has raised Rs 150 crore through a mix of primary and secondary shares, valuing it at $200 million. The funds will help expand teams, launch new funds, and develop AI tools. New investors include Ashish Kacholia, Shah Rukh Khan’s family office, and Aishwarya Rai.
LG Electronics set to launch Rs 15,000 crore IPO in India this October
LG Electronics is set to launch its Indian arm's IPO in October, aiming to raise ₹15,000 crore. The offering, approved by Sebi, involves selling 15% of the local unit. This move follows a postponement due to market volatility and seeks to capitalize on the current bullish primary market momentum, making it potentially the largest IPO of 2025.
India, Israel to sign bilateral investment treaty this week
Israeli Finance Minister Bezalel Smotrich's upcoming visit to India aims to strengthen economic ties, with the signing of a bilateral investment treaty (BIT) expected. This BIT seeks to protect investors and boost confidence through assured treatment and dispute resolution. Discussions will also lay the groundwork for a free trade agreement (FTA) to further enhance trade between the two nations.
FPIs dump Rs 22,789 crore in August, financials and IT hit hard
Foreign investors heavily sold Indian equities in August, withdrawing over ₹80,000 crore in July and August combined. Financial services faced the brunt, with ₹9,817 crore offloaded in the second half of August, following ₹13,471 crore earlier. IT stocks also experienced sustained pressure, with FPIs selling ₹4,905 crore in the latter half after an earlier sell-off.
Banks sense an opportunity in GST gain for retail, MSME
Recent GST reforms, coupled with a good monsoon and improved liquidity, are poised to stimulate credit demand, particularly in retail and MSME sectors. Reduced tax rates and simplified compliance are expected to boost consumption, ease working capital pressures, and drive loan disbursements, benefiting banks and NBFCs.
General counsels step up as strategic leaders in India Inc
The role of general counsel in corporate India is evolving beyond traditional legal functions. Lawyers are increasingly taking on operational mandates, becoming business unit heads, COOs, and CEOs. This shift reflects a growing recognition of legal expertise as central to business strategy, driven by complex regulations and risk management needs.
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Twin Takeoff: Indian cities finally getting secondary airports but where are the low-cost terminals?
Navi Mumbai and Noida are getting new airports soon. These projects have been in the works for a long time. Many global cities have multiple airports. Mumbai's current airport is very busy. Delhi's airport is expanding. Goa already has a successful secondary airport. Other cities like Bengaluru, Chennai and Pune may also get new airports in the future.
From highways and rail corridors to sea bridges, influencers are reeling in viewers with aerial footage of India’s mega projects
Driven by passion and armed with drones, a new breed of Indian influencers are documenting the nation's infra boom. They are capturing the construction of highways, expressways, and bullet trains, offering updates and insights to a curious public. These digital documentarians are filling an information gap, fostering transparency, and holding authorities accountable for India's mega projects.
PSU stocks: Time to relook? But don’t use the 2023 lens; choose the business. 57 PSU stocks, some good, some not so good
A bull run from June 2023 to June 2024, and then a bear run for a year. PSU stocks now seem at a stage where it is probably time to look at them again. For those who have not noticed, some of these stocks have seen higher-than-average volumes. Also a sort of outperformance in the bearish phase where they did not decline like other stocks in the market. They are not in the news any more; nor are many talking about them on TV. All signs suggesting it might probably be time to look at them again. But this time do it from a very different perspective – and not just because they are PSU. What matters is the category of business they fall into.
Spectrum Sprint: Musk-led Starlink starts groundwork in India
Starlink is actively establishing its terrestrial infrastructure in India, engaging in advanced discussions with data center operators, telcos, and internet exchange providers. These strategic partnerships aim to create a robust ecosystem for satellite connectivity at scale, aligning with Indian regulations that mandate local routing and storage of downlink traffic.
From Wall Street to student street: How Nikkhil Mudgal is democratising global education finance
Nikkhil Mudgal, witnessing financial disparities, founded Lorien Finance to democratize global education. The New York-based fintech platform offers a full-stack ecosystem, integrating lending with essential support services like visa guidance and AI-powered counseling. Lorien has facilitated over $3 billion in lending, empowering students from underserved markets to pursue STEM and healthcare careers, fueling innovation and economic growth.
Indulgent heritage experiences with each swipe. Only with the Times Black ICICI Bank credit card
The Times Black ICICI Bank credit card goes beyond template perks, proving that true privilege isn't about what you buy, but about what money cannot access.
Adani, Encalm terminate airport lounge service contracts with Dreamfolks
Adani Digital, Semolina Kitchens and Encalm Hospitality have announced the discontinuation of airport lounge services with industry major Dreamfolks. The decision is said to impact company's operations and financial performance.
GST 2.0 is here. How should you tweak your mutual fund portfolio
GST 2.0 is set to revamp India's indirect tax system. Experts suggest domestic-facing sectors will benefit. Sectors like autos, staples, and retail may see better demand. Premium apparel and luxury cars could face pressure. The revised rates will be effective from September 22, 2025. Investors should consider their risk appetite before tweaking their mutual fund portfolio.
RBI panel on financial stability reviews US tariff impact, financial inclusion efforts
The Financial Stability and Development Council convened to address potential economic challenges arising from US tariffs and geopolitical tensions. Discussions centered on simplifying KYC procedures and advancing financial inclusion initiatives outlined in the National Strategy for Financial Inclusion 2025-30. The council emphasized coordinated regulatory efforts to bolster financial sector resilience and closely monitor emerging risks.
Dev Accelerator announces price band for its IPO. Check GMP and other details
Dev Accelerator is launching its IPO with a price range of Rs 56 to Rs 61 per share. The IPO will be open from September 10 to 12. The company aims to raise up to Rs 143 crore through this fresh issue. Proceeds will fund new centers and debt repayment. Shares will be listed on both BSE and NSE.
Injeti Srinivas likely to be appointed NSE chairman
NSE is poised to appoint Injeti Srinivas, former IFSCA chairman, as its new chairman, pending Sebi's approval, filling a two-year vacancy. Srinivas, already a public interest director on the NSE board, brings extensive experience, including his role in implementing the IBC. This move occurs as NSE prepares for its IPO and strengthens its board structure.
Urban Company bets on quick service Insta Help as a growth driver
Urban Company is betting on its new Insta Help service, which offers quick access to trained house-helps, to boost user engagement and repeat usage. Currently available in select cities, Insta Help aims to fulfill service requests within 15-30 minutes, targeting situations where regular help is unavailable. This launch occurs amidst growing investment in the quick house-help sector.
Time to think beyond correction & volatility? 7 small-caps from different sectors with upside potential of 13% to 50%
We are in turbulent and confused times, at least where the market is concerned. Sentiment on the street swings with each statement by an Indian minister or a US official, or President Trump himself. One way to deal with this is to sit it out. But if you are a smart investor with a long-term perspective you will be wondering whether this is the opportunity you have been waiting for. You may also be wondering whether, after an extended correction, small-cap stocks are at a stage where you should start looking at them? Perhaps. But you need to be smart about picking the right stocks.
JPMorgan to boost corporate banking in India on investment jump
JPMorgan's focus is on electric vehicles, data centers and solar energy sectors. These industries are increasing capital spending. JPMorgan sees India and Japan as its fastest-growing Asian markets. The bank expects continued growth despite tariff concerns. They aim to grow revenue by 30% annually. The expansion includes increasing domestic headcount.
After Dream11 exit, BCCI opens bids for national team lead sponsor; bars crypto, gaming firms
The Board of Control for Cricket in India invites bids for the Indian national team's lead sponsor. Interested companies can purchase the IEOI document for a fee. The last date to buy the document is September 12, 2025. Bidders must meet specific financial and ethical criteria. Certain categories like gaming and alcohol are restricted.
I am an NRI. How can I take money out of India after selling inherited property and shares with minimum taxes?
I am an NRI with inherited property and shares in India. What are the best ways to repatriate funds without triggering high taxes or violating Foreign Exchange Management ACT (FEMA) rules?
Maratha stir: Entry of protesters' vehicles blocked in Mumbai
Mumbai Police blocked entry points to manage Maratha quota protests. Thousands gathered in support of activist Manoj Jarange. Over 60,000 protesters entered the city earlier. Azad Maidan became a focal point. Protesters occupied streets, allegedly violating conditions. The Bombay High Court directed protesters to vacate Azad Maidan. Police are taking precautions to maintain order. Heavy vehicles are stopped before entry.
TCS finally rolls out annual salary increments; average hike at 4.5-7%
TCS has rolled out delayed salary hikes of 4.5–7% for junior to mid-level staff, effective from September 1, 2025, with top performers getting over 10%. It is understood to be the lowest hike in the last four years given the slowing business environment’s impact on the IT industry and TCS financials.
India plans to tie airport charges with customer service standards
To elevate passenger experience, India plans to link airport tariffs to service standards. AERA proposes benchmarks, monitored monthly, with financial incentives for exceeding and penalties for missing them. Objective measures include security wait times and baggage delivery speed, while subjective ones cover cleanliness and ambience. This follows criticism of arbitrary tariffs and aims to improve service despite limited competition.
ET Startup Awards 2025: Bootstrap Champ: Low burn and high agility take Minfy to cloud nine
Founded in 2010 by brothers Vijay and Vivek Jain, Minfy began with the insight that the cloud would become the foundation of enterprise technology.
Will it be another muted September for Dalal Street?
Indian equity investors might face a lackluster September, as historical trends indicate a subdued market performance. Data reveals that key indices like Nifty 50 and Nifty 500 have often declined during this month over the past decade. Technical analysis suggests a slightly negative outlook, with potential upside capped until Nifty surpasses specific levels.
CMS Info Systems to replace 1,000 ATMs for India Post Payments Bank
"One of the big wins we had was with the department of post. This was a former customer of AGS, and when they shut down, the department decided to close their sites and relaunch," said Anush Raghavan, chief business officer, CMS, in an interaction with ET. "We helped evacuate the old ATMs, won the contract, and are now deploying 1,000 new machines across post office locations."
Cable TV body appeals for shift to 5% slab amid cost pressures
The All India Digital Cable Federation requests a GST reduction on cable television. They want the rate to be 5% instead of 18%. This move aims to ease financial burdens on operators. It also seeks to keep cable services affordable for consumers. The federation highlights rising satellite channel prices. They believe a GST cut will help the Digital India mission.
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