CineNow Ltd, a British Virgin Islands-registered company, is in the process of closing a ₹1,350 crore fund with commitments from overseas investors and family offices to finance films in India.…
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Inflation data, US Fed interest rate decision, crude oil major drivers for stock markets: Analysts
Market investors would keenly track inflation data, the US Fed interest rate decision, and trends in crude oil prices to determine further movement, analysts said. Besides, the status of the…
FPI exodus continues, ₹62,800 cr pulled out from equities in first fortnight of June
Foreign investors remained sellers in Indian equities, dumping more than ₹62,853 crore of shares in the first fortnight of June amid heightened geopolitical tensions, concerns over global economic growth and…
Auto components maker Chamundi Die Cast seeks up to ₹1,500 crore as PE interest returns to manufacturing
The promoters of Chamundi Die Cast Pvt. Ltd., which manufactures components primarily for the auto industry, are exploring a stake sale to raise up to ₹1,500 crore and have appointed…
‘Fairy tale or mega bubble?’ Uday Kotak says SpaceX IPO valuation does not fit any traditional matrix
Uday Kotak, Founder and Non-Executive Director of Kotak Mahindra Bank, termed SpaceX’s blockbuster IPO a “real test of capitalism,” arguing that the company’s staggering valuation cannot be explained by traditional…
Corporate burnout is real: Can I afford to take a one-year sabbatical? I asked ChatGPT
Corporate burnout is real. There are times when I think of leaving everything. But, I guess a sabbatical is a wiser option. At the same time, I wonder if I…
Banyan Group bets on Indian investors for second homes in Phuket amid Middle East uncertainty
Banyan Group, a global hospitality brand, is stepping up its focus on Indian buyers for luxury holiday homes and temporary long-stay residences across its properties in Phuket, Thailand. The company…
MakaDi and Borecha maker LB Brewers eyes ₹500 crore sales in 5 years, IPO plans on cards
Goa-based Latambarcem Brewers (LB Brewers), which owns craft beer MakaDi and functional beverage drink ‘Borecha’, plans to cross the ₹500 crore revenue mark in the next 4-5 years and also…
magicpin scales AI assistant Vera, targets over 10 lakh merchants by 2026: CEO
Food delivery and e-commerce platform magicpin aims to more than double the merchant base of its AI assistant, Vera, to over 10 lakh by the end of 2026, after onboarding…
Long-awaited NSE IPO set to advance as draft papers likely next week
The long-awaited initial public offering (IPO) of the National Stock Exchange (NSE) is set to move a step closer, with the country’s largest stock exchange expected to file its preliminary…