Welspun One, the logistics and industrial real estate arm of Welspun Group, on Wednesday said it has committed the whole of its Fund 2, a Rs 2,000-crore fund, within eight months of its final close. The fund has invested the corpus across nine Grade A assets. Welspun said it is launching a co-investment programme, targeting
Third-party logistics players’ (3PL’s) share of e-commerce shipments, excluding grocery, will continue to grow in line with the growth in online shipments over the next five years, according to a report by Redseer. In FY24, this stood at $4.4 billion and is expected to rise by 30% to $15-17.5 billion by FY29, the report notes.
WSB Real Estate Partners, a fund manager, has invested over Rs 300 crore in three property developers from its newly-launched ‘Mumbai Opportunities Strategy’. The fund manager does early-stage pre-approval deals, which banks and non banking financial companies are barred from doing, but alternative investment funds are allowed. The funds have been raised from multiple investors
Wipro plans to invest $200 million to its venture arm, Wipro Ventures, in its latest round of funding to accelerate the focus on early- to mid-stage startups. This is the fourth round of investment raised by Wipro Ventures since its inception in 2015. This brings Wipro Ventures’ total investment to $500 million and will be
Companies across the Asia-Pacific (APAC) region are accelerating their adoption of artificial intelligence (AI) to drive productivity and revenue growth, with nine out of ten organisations planning to implement agentic AI models within the next three years, according to a study by Accenture. However, despite this rapid adoption, most organisations are yet to operationalise responsible
Several sellers of Flipkart are up in arms over a recent practice adopted by the e-commerce major, which they allege offers preferential treatment to a group of big sellers, referred to as alpha sellers, in terms of pricing of their products and commission rates. The sellers have alleged that the practice, which in trade terms
On Tuesday, Madhya Pradesh concluded a two-day global investors’ summit and proudly announced investment pledges worth Rs 26.61 lakh crore by global and domestic companies. That is precisely double the size of the state’s gross domestic product (GDP). Late January, Odisha, one of the mineral-rich states in the country that is betting big on its
Bharti Airtel on Wednesday confirmed that it is in talks with the Tata Group over a potential merger of Tata Play with Bharti Telemedia. In an exchange filing, Airtel said, “We wish to submit that we are in talks to explore a potential transaction to achieve a combination of Tata Group’s direct-to-home (DTH) business, housed
Go to Live UpdatesSensex Nifty Today | Stock Market Live Updates: Indian markets are set to open on a positive note today, taking cues from early trends in GIFT Nifty. Asian stocks also kicked off the day in the green, reflecting optimism from Wall Street’s overnight rally. Major indices across Japan, South Korea, and Australia
Markets are gearing up for a positive start today, with early signals from Gift Nifty pointing upwards. Global factors, including Wall Street trends and key economic updates, will set the tone for the day. On March 17, Indian stock markets ended on a strong note, with the Sensex rising 0.46% to 74,169.95 and the Nifty
Every day, there is a lot happening in the world of business such as companies announcing big moves, stocks reacting to market trends, and new policies shaping industries. With so much information coming in, it’s easy to lose track of what really matters. To cut through the noise, here are the top stocks in focus
Edtech giant Physics Wallah has confidentially filed for an initial public offering (IPO) that could raise as much as $500 million, according to a report by IFR. The company in October 2024 said it might launch a $400-500-million IPO in 2025. If the public issue is launched, Physics Wallah will be the first pure-play edtech
Advance tax collections from the corporate sector, other firms and individuals in the current fiscal stood at Rs 10.45 lakh crore as on Sunday, up 14.6% on year. In the corresponding period of last fiscal, these collections — a proxy of corporate profitability and the state of the economy — stood at Rs 9.11 lakh