MUMBAI: Hillhouse Investment has acquired a minority stake in Quest Global, an engineering services company in Singapore, in a mix of primary and secondary share purchases, the companies said in…
Category: Companies
Vertis InvIT plans to double AUM to ₹52,000 crore in two years; eyes ₹5,000–6,000 crore acquisitions annually
Vertis Infrastructure Trust, an infrastructure investment trust (InvIT) backed by global investment firm KKR and Ontario Teachers’ Pension Plan, plans to double its assets under management (AUM) to about ₹52,000…
Mint Explainer: What’s driving VCs to launch deeptech accelerators?
Investing in India’s deeptech startups isn’t new; venture funds have been doing it for a while. Now, the startup ecosystem is seeing the rise of deeptech accelerators, where generalist funds…
How the IDFC First Bank scam unfolded: From employees in the dock for ₹590 crore fraud, timeline of events, what’s ahead
IDFC First Bank has suspended four employees at a branch in Chandigarh for suspected involvement in a ₹590 crore fraud targeting bank accounts linked to the Haryana state government. In…
UPL restructures, but debt clouds the reset
UPL’s restructuring may have been pitched as value unlocking, but the market response was sceptical. When trading opened on Monday, the stock fell as much as 12%, as brokerages flagged…
HC quashes order staying proceedings against Anil Ambani to classify his bank accounts as fraud
Mumbai, Feb 23 (PTI) In a setback to industrialist , the Bombay High Court on Monday quashed a single bench interim order that stayed proceedings initiated against him and Reliance…
Anthropic engineer who created Claude Code says AI will take over most internet-based jobs — ‘It will be painful’
The US is going to see an AI revolution very soon, with a top Anthropic engineer predicting that a new generation of artificial intelligence agents will take over nearly every…
Mint Explainer | What is peer-to-peer power trading? How will it help Indian power consumers?
NEW DELHI: India recently piloted peer-to-peer power trading that will enable consumers such as households, businesses and farmers who generate renewable energy to directly sell their surplus power to other…
Malaysia’s Anti-Graft Chief Questioned in Shareholding Probe
(Bloomberg) — Malaysia’s anti-graft chief Azam Baki was summoned by a special committee set up to probe his stock ownership to explain the matter on Thursday, as authorities respond to…
AU Small Finance Bank de-empanelment: What we know about ₹47 crore funds transfer, timeline, internal review details
Clarifying the instruction from the Haryana government de-empanelling it, on Sunday informed the exchanges that it has “initiated an internal review” on the matter. This comes after the Haryana government’s…