Investment firm Bain Capital on Thursday (June 25) exited pharmaceutical company Emcure Pharmaceuticals Ltd after selling its remaining stake of around 1%, marking the completion of its full exit and ending a 12-year investment in the company. The equity firm had acquired a 13% stake in Emcure Pharmaceuticals from global investment firm Blackstone in December…
Edelweiss Asset Management CEO Radhika Gupta explains how Gift City, an international financial hub in Gandhinagar, lets resident Indians invest abroad in dollars through mutual-fund-like structures, using their annual $250,000 overseas remittance limit. Minimum investments depend on the fund; Edelweiss’s Gift City fund is retail-oriented, with a $5,000 minimum for outbound investments for now. Unlike…
A report claimed that Russia wanted to use Belarusian territory as a base to intensify attacks on Ukraine The Kremlin on Thursday dismissed a Wall Street Journal report claiming that Moscow was pressuring Belarus to play a bigger role in Russia’s war against Ukraine.The newspaper reported on Wednesday that Russia wanted to use Belarusian territory…
NEW DELHI: A 38-year-old woman arrested in Jaipur last week was planning to travel to Pakistan to marry a close associate of Jaish-e-Mohammed (JeM) chief Masood Azhar, officials said on Thursday.The woman, identified as Babita Dhakar alias “Khadija”, allegedly intended to enter Pakistan via Nepal. She had been under surveillance by military intelligence agencies for…
Dubai brings back 4-day work week Thousands of Dubai government employees will enjoy more flexibility at work this summer, with some eligible for a three-day weekend under the emirate’s renewed “Our Flexible Summer” initiative starting June 29.The programme, launched by the Dubai Government Human Resources Department (DGHR), will run until September 10 and introduces reduced…
Subscribers will be able to withdraw their provident fund, and even transfer it directly to their bank accounts with the help of a UPI payment gateway. (AI image) Provident Fund withdrawals via ATMs, UPI, WhatsApp support, higher automatic settlement limits and more – the Employees Provident Fund Organisation has rolled out several steps aimed at…
The FIFA World Cup trophy (AP Photo) As the group stage of the expanded FIFA World Cup 2026 enters its final stretch, attention is turning to one of the tournament’s most intriguing qualification battles — the race among third-placed teams for a spot in the Round of 32.For the first time in World Cup history,…
GEMS Education India unveils USD 30 million expansion plan with 30 new schools BENGALURU: GEMS Education (India), part of the Dubai-based Varkey Group which operates K-12 private school operators GEMS Education, unveiled its India expansion strategy, with an initial investment of up to USD 30 million over the next three to five years. The plan…
For celebrated Lavani performer, actress, and stage artist Megha Ghadge, the upcoming film, ‘Eetha’, based on legendary Tamasha queen Vithabai Narayangaonkar is much more than just another biopic. It is a deeply personal journey that brings back memories of admiration, struggle, and inspiration. Megha who is known for her immense contribution to Lavani is also…
RHI Magnesita said on Thursday, June 25 that it has entered into a joint venture agreement with Khemka Refractories Pvt. Ltd. to establish a refractory recycling facility, aiming to expand the recovery and reuse of spent refractory materials in India. Refractories are heat-resistant materials used to line furnaces, kilns and reactors in industries such as…
