Economic Times5/7/2026BusinessIndia
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Developing·19m ago
Alpha Wave Global Exits Delhivery; Nexus Venture Partners, Mirae Asset Also Divest Stakes
Global investment firm Alpha Wave Global sold its entire 1.93% stake in Delhivery for Rs 665 crore. Concurrently, Nexus Venture Partners divested a significant stake in Delhivery, and Mirae Asset Venture Investments reduced its holding in Shadowfax Technologies, leading to share price drops for both logistics firms.
Economic Times
Business·1h ago
India's Equity Markets Poised for Significant Rebound as Foreign Investors Rediscover Growth Prospects
India's equity markets are expected to rebound significantly as foreign investors, led by BlackRock's Ben Powell, recognize the country's long-term growth potential, driven by normalizing oil prices and a broader repricing of India's growth story.
Economic Times
Business·1h ago
RBI Announces Compensation Rules for Small Digital Fraud Victims
The Reserve Bank of India (RBI) has introduced new guidelines, effective January 2027, allowing victims of small value electronic banking frauds up to Rs 50,000 to claim compensation. Victims reporting within 5 days can receive the lower of 85% of net loss or Rs 25,000.
Economic Times
Business·1h ago
Maximizing Travel Savings with the Right Credit Card
With summer travel costs rising, this article advises travelers on selecting credit cards to maximize savings. It highlights evaluating reward rates, redemption value, transfer partners, and terms, alongside considering travel perks and zero forex mark-up cards for strategic spending.
Times of India
Business·1h ago
Indian Consumer Firms Boost Africa Investments, Shift to Local Operations
Indian consumer firms like GCPL, VBL, Dabur, and Marico are significantly boosting investments in Africa, shifting from export-led strategies to local manufacturing and distribution. This move, driven by Africa's young population and underpenetrated markets, positions the continent as a crucial long-term growth engine despite currency volatility and retail fragmentation.
Economic Times
Business·2h ago
Tech Mahindra CEO Mohit Joshi's Pay Surges 11.7% to Rs 67.5 Crore in FY26
Tech Mahindra CEO Mohit Joshi's remuneration rose 11.7% to Rs 67.5 crore in FY26, outpacing peers, as the company reports strong growth driven by AI-led services and a turnaround strategy, despite a 4.89% decline in median employee pay.
Economic Times