Mubadala is in discussions to buy a stake of less than 10% in Manipal Hospitals in India. If successful, this would be the Abu Dhabi sovereign fund’s first investment in the expanding Indian healthcare sector, reported Reuters. According to Reuters news report, the fund is in talks with Singapore’s Temasek, which spent $2 billion in … Read more
While the Indian film industry is showing signs of recovery, high ticket prices in multiplexes, particularly for big-budget releases such as Jawan, are a point of concern given the possible impact on the movies’ earnings, especially in small towns of north India. Unlike south India, where ticket prices are capped, no such restriction exists in … Read more
YouTube sensation MrBeast, real name Jimmy Donaldson, has taken the top spot on Forbes’ 2023 Top Creators List. Over the past year, MrBeast amassed an estimated $82 million in earnings, making him the highest-earning digital creator by a significant margin. MrBeast’s earnings and following With a whopping 186 million subscribers on YouTube, MrBeast is not … Read more
Regional FMCG brands are rapidly expanding to challenge national brands after outpacing them and posting double-digit sales growth in the past two quarters as inflation cools off. Brands like Rungta Tea, Balaji Wafers, Mario Rusk, and Bovonto soft drinks are among those increasing their brand visibility and diversifying their offerings after emerging stronger from pandemic … Read more
Investors have about $2 trillion of funds available to invest, and about $100 billion to $150 billion of that is focused on India, according to Anu Aiyengar, JPMorgan Chase & Co.’s global head of mergers and acquisitions. “As we look at a combination of the inflows into the Indian market, as well as the exits … Read more
India has reassured confidence in Aadhaar technology after the US-based rating agency highlighted concerns about it like establishing authorisation and biometric reliability. The Unique Identification Authority of India (UIDAI) issued a strong rebuttal to Moody’s Investors Service by saying, “A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, … Read more
The Supreme Court of India has received a fresh plea that questions the integrity of the existing expert committee looking into the Hindenburg report on Adani Group accusing it of stock manipulation. The plea sought that the apex court formulate a new panel comprising individuals with unblemished integrity and no conflicts of interest in the … Read more
The Income Tax Appellate Tribunal – Chennai bench on Wednesday ordered that a Rs 19,000-crore share buyback undertaken by technology major Cognizant in 2017-18 attracts dividend distribution tax of Rs 4,853 crore. The ITAT‘s ruling dismissed an appeal filed by Cognizant. Cognizant conducted a share buyback through a scheme approved by the Madras high court … Read more
Kolkata-born professor Jay Bhattacharya, hailing from Stanford University, has achieved a significant legal victory alongside fellow scientists, marking a milestone in a free speech censorship case against the US government. In his account published on The Free Press (thefp.com) on Monday, Bhattacharya expressed, “The victory is not just for me but for every American who … Read more