ASHISH
Anup Gupta exits Nexus, latest in a wave of senior VC departures
Anup Gupta’s upcoming departure from Nexus Venture Partners in June 2024 marks the end of nearly 17 years with the firm, contributing to a trend of significant exits within leading Indian venture capital firms. Notable recent departures include Puneet Kumar from SuprDaily and Sameer Brij Verma from Nexus, both of whom are pursuing new ventures.
Retiring before 50: Here’s the formula to find out how much you need and a 3-bucket strategy so you don't run out of money
There are a few things that anyone planning to retire early must keep in mind. Everyone focuses on the number that you need, that challenge is nobody knows their own expiry date. Further, as life expectancy increases, the amount you need would also go up. With India being on a journey from a developing to a developed economy, it is unlikely that you would get a 12-15% return.
ET Wealth Expo| SIF bhi sahi hai’: Anshu Kapoor sees new investment vehicle attracting top fund management talent
Speaking at the ET Wealth Expo, Kapoor said the new product category could help bridge the gap between traditional mutual funds and alternative investment products that were earlier accessible largely to wealthier investors. “SIF bhi sahi hai,” Kapoor said, adding that the new category should be seen as an additional investment option rather than a replacement for mutual funds.
Festive online sales hit Rs 1.4 lakh crore, up 17%, but miss forecasts
The season had been expected to hit a record Rs 1.50-1.55 lakh crore in GMV, up 25-29% from last year. GMV is total value of goods sold by marketplaces before discounts and returns. The festive sale period started on October 8 with the flagship events of Amazon and Flipkart followed by multiple micro-events until Diwali, which fell on November 8.
Instagram’s 90-minute video bet could soon take it into direct confrontation with YouTube
Instagram is testing videos of up to 90 minutes with select creators in the US and Brazil as it looks to expand beyond short-form content and compete with YouTube and OTT platforms for viewers and advertising budgets. The move could bring podcasts, comedy specials and episodic shows to the platform, with creators using Reels to attract viewers to longer videos. Instagram is also working on a TV version of Reels to tap into connected TV (CTV) audiences. No India launch timeline has been announced.
India’s rich pivot to real estate after stock returns falter
Investors in India are increasing their allocations towards high-yielding assets in real estate and logistics. Recent data shows a significant rise in investments through Alternative Investment Funds, nearly doubling in recent years. Family offices are now directing larger portions of their portfolios toward private credit and infrastructure while moving away from traditional investments. Specialized funds are attracting wealthy investors who want exposure to completed assets.
Ladakh announces December 4 council polls amid shutdown
Ladakh's State Election Commission has announced December 4 as the polling date for all eight LAHDCs, with counting scheduled for December 8. The announcement comes amid protests and shutdowns in Kargil and Sankoo, with the Apex Body Leh opposing winter elections and demanding a review of the delimitation exercise.
Ode to a compassionate algorithm: Philanthropists are backing AI for public good
From Flipkart’s Binny Bansal to Chrys Capital’s Ashish Dhawan and Karishma Sanghvi of Sun Pharma, a growing number of entrepreneurs are writing cheques for AI that can diagnose diseases, empower teachers, modernise courts and strengthen public services, betting that the technology can create social returns as significant as commercial ones.
ET Wealth Expo | Private credit is filling the funding gap as India's growth story gathers pace: Ashish Mehrotra
Speaking on the sidelines of ET Wealth Expo 2026, Ashish Mehrotra, MD & CEO of Northern Arc Capital, said India's strong economic growth, supported by robust credit expansion, is creating a favourable environment for the private credit market.
ETMarkets Management Talk | Northern Arc sees D2C lending contributing over 75% of its loan book in the next few years
In this edition of ETMarkets Management Talk, Ashish Mehrotra, Managing Director and CEO of Northern Arc Capital, discusses the company's next phase of growth, its plans to expand the D2C business, and how a higher share of direct lending could support margins and return ratios. He also explains Northern Arc's broader strategy of combining a growing balance-sheet-led lending business with a capital-light, fee-based Credit Solutions platform to drive sustainable long-term returns.
Nuvama Wealth Management Q2 Results: Profit rises 19% YoY to Rs 304 crore
Nuvama Wealth Management Ltd achieved a consolidated net profit of Rs 303.5 crore for Q2 FY27. The company saw a revenue increase of 20.35% to Rs 1,366 crore for the same quarter. Client assets reached Rs 5.5 lakh crore, reflecting a 25% year-on-year growth. Wealth management, asset services, and capital markets drove this substantial growth. The company demonstrated strong operating profits with a return on equity remaining robust at 29%.
Taxpayers fret over loose ends in amnesty scheme, seek CBDT clarity on foreign asset disclosure rules as deadline nears
Many taxpayers are unsure if they need to report various accounts due to ambiguous regulations. Clarification is being sought from the Central Board of Direct Taxes regarding ownership versus authority, among other things.
Consumer goods cos turn to cost cutting amid higher input prices to protect demand, revive volume growth
The cost-cutting comes amid an elevated input-price outlook flagged by several companies during recent earnings calls, due to high raw material prices, supply disruptions and freight charges. They are cutting trade investments as well as rationalising vendor networks to negotiate better rates through higher volumes.
Deportation of wanted gangster Afridi secured after 10-month international manhunt
In a remarkable operation, Punjab Police has successfully extradited gangster Gurwinder Singh, known as Afridi, from Ethiopia after an extensive manhunt. Wanted for over 30 criminal cases, Afridi eluded capture using a fake passport. This international endeavor showcases the dedication of law enforcement agencies in uniting their efforts to dismantle organized crime, marking a significant win for public safety.
Adani Green bets on battery storage to offset grid issues
Adani Green Energy lost Rs 700 crore in Ebitda over the six months ended September. Without curtailment, its first-half FY27 Ebitda would have been about Rs 9,000 crore, against the actual Rs 8,276 crore.
NCLT declares Videocon’s Venugopal Dhoot bankrupt in SBI’s Rs 12,668 cr claim
The NCLT has declared former Videocon chairman Venugopal Dhoot bankrupt in proceedings initiated by SBI over personal guarantees for loans extended to the group. The order follows the rejection of his Rs 600 crore repayment proposal, backed by a proposed Siliguri real estate project, against total admitted dues of Rs 12,668 crore.
Stock split alert! Last day to buy this Ashish Kacholia-backed multibagger smallcap stock ahead of record date for 1:5 split
After the stock split takes effect, her 10 shares will be split into 500 shares worth Rs 20 each, keeping the total value of her stock holding the same at Rs 1,000.
Adani Defence plans MRO for narrow-body aircraft engines
India is one of the world's fastest growing civil aviation markets and the country's commercial aircraft fleet is projected to triple to 2,250 over the next decade. The country is also expected to become a hub for Maintenance, Repair, and Overhaul (MRO) activities.
Aditya Birla Lifestyle bets on festive demand
The company, which owns brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England, reported flat like-for-like sales growth in September, against 5.3% for the second quarter of FY27. The slowdown comes just as the full impact of price increases begins to flow through in the December quarter, making consumer acceptance and discounting critical to sustaining growth.
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