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.
The Karnataka government just pulled back criminal cases against AIMIM leader Mohammed Arif and 138 others from the 2022 Hubballi riots. Even with serious charges like attempted murder, this move has got the opposition fuming, accusing Congress of playing favorites.
A guy in Bengaluru got fired for threatening a woman with an acid attack just because of what she was wearing. The woman's husband blew the whistle on social media, which led to quick action from the cops and his boss at Etios Services, who let him go.
A food delivery guy, Rauf Shaikh, sadly lost his life in Pune after getting hit by a car driven by a supposedly drunk dude, Ayush Tayal. This all went down around 1 am and also hurt three other folks. Tayal got arrested, and the cops are looking into it more.
Bandhan Bank shares shot up over 10% after the Reserve Bank of India gave a thumbs up to Partha Sengupta as the new CEO. Analysts think this is a solid move for management stability, especially after the recent leadership shake-ups. Plus, the bank’s loan claims audit wrapped up on a high note, which could help boost its capital.
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.