'Whether I am optimistic or pessimistic is not the issue; I am just going by the evidence available.' 'The Indian economy and financial sector are now well-placed and very resilient in dealing with any kind of spillover coming from the external world.'

Lulu Retail announced on Wednesday that its initial public offering (IPO) was oversubscribed 25 times across all tranches, excluding cornerstone investors, generating demand exceeding $37 billion-a record for a private sector IPO in the United Arab Emirates. The company is controlled by Kerala-based business tycoon MA Yusuff Ali. The final offer price for Lulu shares was set at AED 2.04 per share, raising a total of $1.72 billion (AED 6.32 billion), making it the largest IPO in the UAE in 2024 to date.

Marico may buck the industry trend with the fast-moving consumer goods (FMCG) major reporting strong growth and favourable commentary in a weak quarter for the industry. The company reported consolidated revenue growth of 8 per cent year-on-year (Y-o-Y) in Q2FY25. Domestic revenue growth was 8 per cent Y-o-Y with 5 per cent volume growth (4 per cent in Q1FY25).

A Competition Commission probe has found that food delivery platforms Zomato and Swiggy indulged in unfair business practices, including alleged preferential treatment to some restaurant partners, according to sources. The detailed investigation was ordered by the Competition Commission of India (CCI) in April 2022 and the probe report was submitted to the regulator earlier this year. Under the norms, CCI director general's report has been shared with the parties concerned and later, they will be called for hearings by the watchdog.

The Food Safety and Standards Authority of India (FSSAI) has sought a meeting with quick-commerce (qcom) platforms like Blinkit, Swiggy Instamart and Zepto on Tuesday to discuss issues regarding violations of food safety standards, according to sources familiar with the matter. This comes at a time when there have been issues raised about food safety standard violations by qcom platforms for packaged food products, including violations related to expiry and best before dates.

Mutual funds (MFs) reinforced their record monthly inflows in October with an investment of Rs 87,000 crore (up to October 29), softening the downside pressure on domestic markets. Their prior record for monthly inflows was Rs 48,139 crore in May. This unprecedented monthly buying partially countered record monthly sales by foreign portfolio investors (FPIs) of Rs 1.1 trillion last month.

After trying to make a dent in the cola market with Campa by offering higher trade margins to the supply chain, Reliance Consumer Products is betting on the same strategy to capture the chips, namkeen, and biscuits market in the country's booming snacks sector.

Equity mutual funds witnessed a record inflow of Rs 41,887 crore in October, marking a surge of over 21 per cent on a month-on-month (MoM) basis, fuelled by robust investments in thematic funds. This also marks the 44th consecutive month of net inflow in the equity-oriented funds, highlighting the ever-increasing appeal of mutual funds among investors, data with the Association of Mutual Funds in India (AMFI) showed on Monday.

After experiencing an 11 per cent contraction in exports in 2023-24 (FY24) due to a dip in exports for 10 consecutive months from April to January, the Tiruppur textile industry is back on track in 2024-25 (FY25). The cluster, which contributes 55 per cent of the country's total knitwear exports, posted a 13 per cent increase in the first five months of this financial year (FY25), with August seeing a 22 per cent rise - the highest in over two years.

Abdullah said if the terrorists think they can establish Pakistani writ in Jammu and Kashmir by indulging in such acts, they are mistaken.

This comes as the neighbouring country strengthens defence ties with Gulf and Western European countries, and its long-standing ally Turkiye, the officials said.

After co-working spaces, co-living is the new buzzword.

Innumerable battles, countless sagas of bravery... Capt. D.P. Ramachandran of Colours of Glory Foundation tells DEEPA ALEXANDER why the heroism of our men and women in arms needs to be celebrated

From serving traditional meals in car parks to packaging coffee decoction, the city’s wedding caterers are finding innovative ways to power through the COVID-19 crisis

‘Election Atlas of India’, through photo collages and thematic maps, is a seminal ready reckoner on Lok Sabha elections

The event at Women’s Christian College has choirs performing music across genres

A recent study done in Coimbatore turns the spotlight on master health check up to catch life threatening health issues early on

From shadowing people for hundreds of kilometres to investigating in disguises, detective IS Yasmin has gone several lengths to solve cases

Here’s how the lockdown proved to be transformative for Alankrutha Chandra and Meher Gundavarum, inspiring them to return to Telangana and take up chemical-free farming and establish a clothing label, Elephant in You

'Hopefully, in 10 years, I will cross over.'

Neeraj Chopra on Wednesday bid an emotional farewell to his German coach Klaus Bartonietz who ended his five-year partnership with the star Indian javelin thrower, citing family commitments.

Ajit Chavan was in prime form for the U Mumba as he led his team to a thrilling 42-40 victory over the Patna Pirates in a Pro Kabaddi League match on Wednesday.

India could finally have a driver on the F1 grid after 13 long years.

The most scathing criticism came from Dr. Cyriac Abby Phillips, a Indian hepatologist and social media influencer known as 'The Liver Doc' on X.

The firm has chosen India's online home design firm Livspace for its first investment.

The post SG’s Venturi Partners to raise $150m consumer fund for India and SEA appeared first on DealStreetAsia.

The fund manager sees opportunities in sectors such as education and microfinance.

The post We are betting on the Indonesian consumer story: Northstar co-founder Walujo appeared first on DealStreetAsia.

Over time, buyout funds with multiple, scaled-up businesses in diverse sectors under their control, will begin to look similar to diversified conglomerates.

The post Buyout funds will become the new conglomerates: EY’s Soni appeared first on DealStreetAsia.

Ninja Van's country head Eric Saputra talks about the challenges and opportunities of operating in Indonesia.

The post Ninja Van sets its sights on Indonesia’s mom-and-pop e-commerce plays appeared first on DealStreetAsia.

The digital telco firm is also looking to enter new markets.

The post Warburg-backed Circles.Life wins slice of telco pie, targeting incumbents’ legacy systems appeared first on DealStreetAsia.

Fave, formerly Kfit, is understood to be looking at a corpus of $50 million in its Series C round.

The post Fave seeks funding to expand ops into more Southeast Asian countries appeared first on DealStreetAsia.

In January, Wandou raised $48-million Series B from SBI Holdings, Sugi Holdings, and XJ Holding.

The post SBI Holdings-backed e-commerce firm Wandou bullish on Sino-Japanese market appeared first on DealStreetAsia.

With the close of the latest fund, Quona Capital’s AUM currently stands at $363 million.

The post Quona Capital closes second fund at $203m to invest in fintech firms appeared first on DealStreetAsia.

Coronavirus may trigger positive investment sentiment in ancillary segments of healthcare, says its MD Sunil Thakur.

The post Coronavirus will compel govts to increase public health expenditure: Quadria Capital appeared first on DealStreetAsia.

SNOWPLUS, which recently raised $125 million, is seeking to grow in SE Asia, Europe and the US.

The post Vaping startup SNOWPLUS says unfazed by COVID-19, Beijing crackdown appeared first on DealStreetAsia.

Carsome is entering the slowdown with cash in hand, after raising $50 million in December.

The post Used car platform Carsome sees opportunities amid COVID-19 outbreak appeared first on DealStreetAsia.

In 2019, JD.com merged its secondhand commodity trading platform Paipai.com with Aihuishou.

The post JD.com-backed second hand goods platform Aihuishou spots big opportunity in trade-in market appeared first on DealStreetAsia.

The BigBasket and Portea Medical promoter expects to see venture debt rising as an asset class in India.

The post Critical to conserve cash and ride out the storm, says GrowthStory’s K Ganesh appeared first on DealStreetAsia.

InnoVen's Chin Chao, Alteria's Vinod Murali and Simmonds Stewart's Chris Wilson answer your questions.

The post Venture debt in the times of COVID-19: Your questions answered appeared first on DealStreetAsia.

The industry in China has begun to show signs of a pickup with a rise in bookings, Trip.com CEO Jane Jie Sun added.

The post China’s Trip.com CEO says primary challenge is to ensure cash flows this year appeared first on DealStreetAsia.

Is India’s first IPO of a credit card issuer an opportunity with boundless prospects or a victim of arrested development?

The post SBI Cards betting on millennial-driven growth story in upcoming share sale appeared first on DealStreetAsia.

Startups will be judged by what they are doing rather than what they might accomplish in a starry future.

The post How unicorns can no longer expand in perpetuity with others’ money appeared first on DealStreetAsia.

Fundraising conversations will increasingly be centred around business models and sustainability.

The post Indonesia 2020: Tougher funding environment to trigger consolidation appeared first on DealStreetAsia.

The warning came as HK-based companies are expected to show the scars of the protests that forced businesses to shut over the next few weeks.

The post Hong Kong exchange chief warns of economic ‘devastation’ from protests appeared first on DealStreetAsia.