ADVISOR
'Excited about new horizons': Nexus Venture Partners’ Anup Gupta announces June 2027 exit after nearly 17 years
Anup Gupta, a partner at Nexus Venture Partners, announced his decision to step down in June 2027. He reflected on his nearly 17-year journey with the firm and the entrepreneurs he collaborated with. Gupta indicated he is ready to pass responsibilities to the next generation of leaders. He expressed gratitude for being part of India's startup ecosystem since its early days.
18 patent applications for HIV drug lenacapavir may delay affordable generics in India
Gilead Sciences has filed 18 patent applications in India for lenacapavir, raising concerns among patient groups. They argue these applications may hinder the availability of affordable generic versions of the HIV drug. Consumer advocates have approached the patent office, seeking a rejection of these filings as they may constitute evergreening. If granted, these patents could remain valid until 2042, extending exclusive rights.
Warburg Pincus picks up Rs 1,663 crore stake in unit of Pricol
Warburg Pincus will acquire a 38% stake in Pricol’s driver information and connected vehicle solutions business for ₹1,663 crore through its affiliate Topaz Terrace Investments. The business, which makes digital dashboards and instrument clusters for automakers such as TVS, Honda, Royal Enfield and Ather Energy, will be demerged into a separate entity called Pricol Autotech.
Crystal Crop Protection IPO GMP signals 18% potential listing gains. Key things to know before issue opens on Nov 18
Crystal Crop Protection's unlisted shares are commanding a 16-18% grey market premium ahead of its Rs 455.5 crore IPO. The public issue opens on November 18, with a price band of Rs 259-272 per share.
Simplify Alpha™ opens AI engineering and innovation center in Hyderabad, joined by Simplify Healthcare® and SimplifyX™
Hyderabad joins Pune and Mumbai as the third India location for the Simplify Group™ companies, adding capacity for customer delivery and growth.
Supply shocks to weaken monetary policy effectiveness: CEA
Chief Economic Advisor V Anantha Nageswaran emphasized the diminishing effectiveness of interest rate adjustments in controlling inflation due to supply chain disruptions. He indicated that fiscal policies will play a critical role in addressing these supply-induced challenges. Nageswaran highlighted that many countries have struggled to meet their inflation targets since 2022. He underscored the potential long-term dominance of supply shocks in inflation dynamics.
Crystal Crop Protection sets price band for Rs 455.49 crore IPO, issue opens on November 18
Crystal Crop Protection has fixed a price band of Rs 259–272 per share for its Rs 455.49 crore IPO, which opens on November 18. The agrochemical company plans to use part of the proceeds to repay debt and fund strategic growth initiatives.
ETMarkets PMS Talk | 15–20 stocks, 4Ps and active risk management: Inside Anand Rathi's IMPRESS PMS strategy
In an interaction with Kshitij Anand of ETMarkets, Mayur Shah, PMS Fund Manager at Anand Rathi Advisors, explains how the strategy combines a long-term fundamental approach with a strong focus on mid- and small-cap companies, while using its proprietary Re-VIEW framework to manage valuations, earnings risks and portfolio exposures.
PM Modi to inaugurate golden jubilee celebrations of Prashanti Kutiram in Bengaluru today
Prime Minister Narendra Modi is set to attend the Golden Jubilee Celebrations of Prashanti Kutiram on Friday. He will also participate in the Birth Centenary Commemoration of author H. V. Sheshadri during the event. Dattatreya Hosabale, the General Secretary of Rashtriya Swayamsevak Sangh, will be a distinguished guest at this occasion. Additionally, he will virtually lay the foundation stone for a new Compressed Bio-Gas plant in Bengaluru.
Trump dialled ex-Nvidia boss Jensen Huang, urged him to fight for his job amid extramarital affairs controversy, says report
Donald Trump has been defending Jensen Huang since his resignation over alleged extramarital relationships. Trump reportedly urged Huang to fight for his job in multiple conversations this week. As the controversy stirred, Alice Huang was mentioned regarding her potential ties to Chinese intelligence. Trump expressed uncertainty about whether Alice Huang was a spy, suggesting it influenced Huang's resignation. Ultimately, Trump believes that Huang will recover from this situation.
Rupee streak trips on dollar demand, falls 35 paise to 94.04
The Indian rupee faltered on Thursday, settling at 94.04 per US dollar after shedding 35 paise from its previous value. The surge in dollar demand from nationalised banks and importers outweighed the early strengthening of the rupee. This push for dollars was influenced by unexpected inflation data from the US and upward trends in US treasury yields. Interestingly, foreign portfolio investors continued their buying spree, purchasing ₹7,830.
Kalshi ends Donald Trump Jr's advisory contract due to Polymarket conflict
Prediction-market platform Kalshi has ended Donald Trump Jr.’s advisory role by mutual agreement after his venture-capital firm, 1789 Capital, increased its investment in rival Polymarket. Discussions began after 1789 Capital led Polymarket’s latest funding round, according to a Kalshi spokesperson.
Turtlemint Q2 net loss narrows 67% to Rs 26 crore, revenue rises 35%
The improvement was driven by an expansion in insurance distribution through Turtlemint's network of advisors, alongside higher renewal income, which carries better margins than commissions earned on new policy sales.
Govt raises price cap for electronic devices to Rs 1.8 lakh for officers; personal retention rights after 4 yrs
The Centre has raised the purchase ceiling for laptops, tablets and similar devices for eligible government officers to ₹1.5 lakh plus taxes, or ₹1.8 lakh for devices with more than 40% Make-in-India content. Officers in Pay Level 12 and above will be eligible, while departments can extend coverage to some lower pay levels, and employees may retain the devices after four years of use.
Arunachal Pradesh inaugurates geothermal-powered drying unit to boost farmers' incomes
Arunachal Pradesh Science and Technology Minister Dasanglu Pul inaugurated a geothermal-powered drying unit in Dirang, West Kameng district, to promote renewable energy, reduce post-harvest losses and improve farmers' incomes. Developed with support from India, Norway and Iceland, the facility will use natural geothermal heat to preserve local agricultural and livestock products. Pul also urged the Centre to expedite the Seismic Microzonation Project to strengthen earthquake preparedness in the state.
RBI extends supersession of Abhyudaya Co-operative Bank Board for one more year
The Reserve Bank of India has extended the supersession of the Board of Directors of Abhyudaya Co-operative Bank. This extension will be effective until November 24, 2025, continuing a period of oversight. The RBI aims to address governance standards that raised material concerns regarding the bank's operations. Satya Prakash Pathak remains the Administrator, overseeing the bank's management during this time.
Kotak eyes ₹4,500 crore fundraise to deepen bets on India's real estate market
Kotak Investment Advisors plans to raise ₹4,500 crore through its 16th real estate fund. This fund will focus on investments across India's real estate market, encompassing residential and commercial properties. The fund will utilize both debt and equity while targeting institutional capital to enhance liquidity for developers. It aims to conduct multiple transactions primarily in major cities and select tier-II locations.
Fee defaults push Sebi to pull the plug on 8 investment advisers
Securities and Exchange Board of India has canceled the registrations of eight investment advisers for failing to pay fees. The affected firms include Karvy Investment Advisory Services, IDFC Alternatives, and six others. Non-payment of renewal fees dates back to December 2018 for certain firms and continues for others. Registered investment advisers are required to pay renewal fees every five years to maintain validity.
Sebi initiates action against 8 investment advisers over non-payment of renewal fees
SEBI has initiated proceedings against eight registered investment advisers for failing to pay mandatory renewal fees. The defaults span 2018 to 2024, with the regulator seeking explanations and warning of possible suspension or cancellation of registrations.
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