In the bustling streets of Mumbai, Mithun Sacheti embarked on his business journey with Jaipur Gems, a jewelry store that laid the foundation for his remarkable career. However, it was his entrepreneurial vision that led him to establish CaratLane in Chennai, a venture that would eventually be valued at a staggering Rs 17,000 crore. At […]
The Securities and Exchange Board of India (Sebi) on Friday introduced a consultation paper that proposes to allow private equity (PE) firms to become mutual funds sponsors. “PE may also provide constructive competition to the current entities in the mutual fund industry and improve value to investors. Hence, the working group agreed that PE, if […]
Indian equity indices opened in the red territory on Thursday amid negative sentiment in the global markets. The BSE Sensex fell 222.27 points or 0.36% to 60,823.47 and NSE Nifty 50 dropped 71.60 pts or 0.39% to 18,093.75. Axis Bank, HDFC Bank, Sun Pharma, Mahindra & Mahindra and Tata Steel were the top gainers while […]