Nifty 50 hits record high as investors bet on earnings growth recovery
India's benchmark Nifty 50 index scaled record highs on Friday in a broad-based rally led by financials, metals, and automobile stocks on prospects of a strong earnings growth in the December quarter. The Nifty 50 hit a record high of 26,340 before ending up 0.7% at an all-time closing high level ......
As gold hits records, Indians opt for bars and coins over jewellery
For nearly two decades, Mumbai homemaker Prachi Kadam marked every festive season with a gold jewellery purchase, blending tradition with personal style. This year's record rally in prices, however, led her to choose a 10-gram gold coin instead of necklaces or bangles. "I like jewellery because it can be worn during ......
Weak demand drags factory growth to two-year low, hits labour market
India's manufacturing sector expansion slowed to its weakest pace in two years in December as demand softened and firms curbed production, according to a business survey that also showed hiring had slowed to a near standstill. The cooling in factory activity adds to signs the world’s fastest-growing major economy is entering ......
PE firm Access Asset’s founders on investment strategy, valuations, and more
Mumbai-based private equity firm Access Asset Managers sold its minority stake in procurement technology firm Beroe in 2025, generating an extended internal rate of return (IRR) of 27% over a seven-year holding period. With this exit, the mid-market-focused PE firm has exited four of its five investments from its first ......
Ambit GPC-managed Poonawalla Vision Fund I marks final close
Poonawalla Vision Fund I, a growth-stage-focused venture capital fund set up by the Poonawalla family that runs vaccine manufacturer Serum Institute of India, has marked its final close after raising Rs 1,000 crore ($111.4 million), its investment manager said on Tuesday. The investment manager, Ambit Global Private Client (Ambit GPC), the ......
Kedaara Capital strengthens bench with firm-wide promotions
Homegrown investment firm Kedaara Capital, which primarily makes private equity bets but has also recently begun investing through its public markets vehicle, has carried out a broad round of internal promotions as it strengthens its leadership bench across investment and portfolio support functions. Founded in 2012 by Manish Kejriwal, Sunish Sharma, ......
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