PM Narendra Modi sent out warm vibes to the nation on Vijayadashami, wishing everyone a victorious life with the blessings of Maa Durga and Lord Ram. This festival is all about celebrating the win of good over evil.
Amicus Capital just threw ₹125 crore into Equirus Group, a finance firm that got its start thanks to the late Rakesh Jhunjhunwala. This cash injection also means Federal Bank is partially stepping back from its investment, with the goal of helping Equirus grow through more capital and tech upgrades, ready to take on India’s growth chances.
Former cricketer Ajay Jadeja is set to take the throne as the next Jamsaheb of Nawanagar, which we now know as Jamnagar, a historic princely state in Gujarat. This move ties him to a legendary cricket legacy, given his family’s impressive links to the Ranji and Duleep Trophies.
CEO of Bombay Shaving Company, Shantanu Deshpande, is saying that Delhi is "1,000%" better for startups than Bengaluru, just like Zomato's Deepinder Goyal said. Deshpande believes that Delhi's all about sustainable, high-quality businesses, making it a way better place for entrepreneurs compared to Bengaluru's trend-chasing vibe.
India's edible oil imports have dropped by 6% in the first 11 months of the 2023-24 oil year, mainly because of falling palm oil imports. The country brought in 145.35 lakh tonnes of edible oil, with palm oil down by 10%. This change shows how the market's shifting, making buyers more cautious.
Noel Tata is the new chairman of Tata Trusts, taking over from his half-brother Ratan Tata, who sadly passed away recently. Everyone was on board with this decision, which marks a big change for the philanthropic side of the Tata group, owning a major chunk of Tata Sons. With Noel's solid experience in the Tata group, he's in a good spot for the job.
With a pretty low arrest rate of just 1% for cybercrimes, India's Ministry of Home Affairs has kicked off a pilot project called Cyber Investigation Assistance Request (CIAR). This project is all about giving state police a hand in dealing with cybercrime better, bringing in cyber experts and legal help to tackle those tricky investigations.
The Indian Defence Ministry is looking to snag over 20,000 new anti-tank guided missiles and 1,500 launchers to boost the Army's game against armored threats. They’re really pushing for stuff made in India, focusing on local production and fitting in with what they've already got.
Good Glamm Group just snagged Sirona Hygiene for ₹450 crore in an all-cash deal. This move follows Good Glamm's earlier investment in Sirona and is all about boosting women's wellness products worldwide, with both companies on the same page about innovating in feminine hygiene.
Akhilesh Yadav took a shot at the BJP for putting up tin sheets at the Jayaprakash Narayan International Centre in Lucknow, blocking him from entering during his visit to celebrate the socialist leader’s birthday. He called out the government's intentions and accused them of "dirty politics," stressing how important the center is to socialism.