Industry

– By Vivek Subramanyam Cross-border investments are now a crucial component of family offices’ business strategies as they increase their global presence. To diversify their portfolios and pursue greater returns, these organisations are increasingly moving outside their home markets, with a projected US$5.9 trillion in assets under administration globally as of 2024. Cross-border ventures, however

The tech and durables (T&D) sector recorded a 13 per cent value growth during the four-week festive season (Weeks 40-41: Sep 30-Oct 13, Weeks 42-43: Oct 21-Nov 3), on the back of heightened consumer demand across multiple categories, stated to the latest weekly insights from GfK intelligence. A report released by NielsenIQ said that categories

– By Gaura Sengupta  Over the last few years conditions have been conducive for recovery in private corporate capex. For starters balance sheets of both banks and corporates are in much better shape. Capacity utilization in the manufacturing sector has increased to 75% since last year (on a 4-quarter moving average basis), which is associated

Punit Goenka, CEO, Zee Entertainment, on Thursday underscored his commitment to achieving the revenue (8-10%) and margin targets (18-20%) set by the company over the next three years, as it steers through an evolving domestic media market. Also ReadONGC makes four oil discoveries in Ashokenagar, awaits mining lease from WB govt Addressing shareholders at the

Dismayed by the lack of enthusiasm among the industry over the national single window system and the industrial land bank, commerce and industry minister Piyush Goyal on Thursday said that he is almost inclined to discontinue these business-friendly measures. “I am once again urging you, hopefully for the last time, to engage with the national

Asset Reconstruction Company (Arcil) aims to increase its assets under management (AUM) to Rs 20,000–22,000 crore in the next two to three years, up from Rs 16,800 crore at present, chief executive officer and managing director Pallav Mohapatra told FE. The country’s oldest asset reconstruction company plans to raise the share of retail assets to

A delayed winter this year has slowed down the sales of winter-centric electrical appliances like geysers and heaters in November, especially in North India, dealers and industry players told FE.  “The delayed onset of winter has undoubtedly impacted the immediate sales of winter-centric appliances like geysers and heaters,” said Rajat Chopra, business head for home

Early-stage venture capital firm Stellaris Venture Partners, which has invested in startups such as Mamaearth parent Honasa Consumers and Whatfix, has closed its third fund of $300 million.  Over the next three years, the new fund will invest in 25-30 startups in seed or Series A stages in consumer tech, artificial intelligence (AI), software as