EXIT INTERVIEW
Blackstone set to acquire 15% of IIFL for Rs 5,000 crore
Blackstone will invest around Rs 5,000 crore for a 15% stake in IIFL Finance, while promoters Nirmal Jain and R Venkataraman will invest Rs 1,200 crore to retain their combined holding at around 25%. Mumbai-based investor Rohit Kothari, through Anchorage Capital, will contribute about Rs 100 crore, taking the total capital infusion to over Rs 6,200 crore.
Canva laid her off during maternity leave, but she is not walking away empty-handed: Pune woman reveals benefits included in severance package
A Pune woman who was laid off by Canva while on maternity leave has shared details of the company's severance package. Shraddha Khule, who joined the design platform in 2023, said employees can retain their MacBooks and receive a one-year LinkedIn Premium subscription, career coaching, interview preparation and access to an alumni talent directory. She also recalled how Canva supported her during maternity leave.
IIFL Finance board to weigh Blackstone, Advent proposals for Rs 5,000 crore capital raise
IIFL Finance's board will consider separate investment proposals from Blackstone and Advent International for a nearly Rs 5,000 crore capital raise, as the lender also explores a potential transaction involving Fairfax's stake sale.
Anger against Trump policies, not US stance towards India guided Desi voters in midterms
Indian Americans showed discontent towards Republican policies mainly driven by immigration and economic issues. In the recent midterm elections, Indian Americans elected several candidates to various offices, reflecting their political engagement. While anti-India sentiment was noted, broader economic concerns influenced voter behaviors significantly. Research indicates that despite perceived discrimination, interest in studying and working in the US remains strong.
Is Pete Hegseth getting fired? Impeachment threat grows as Republicans question his Iran war strategy
US Defense Secretary Pete Hegseth is facing growing pressure amid reports that Donald Trump had considered replacing him, although the president has since publicly backed him. Meanwhile, a possible impeachment vote in the House of Representatives could take place as early as next week, with Republican Rep. Thomas Massie pushing for action over allegations that Hegseth exceeded his constitutional authority.
Lenskart, Nykaa, PhysicsWallah see Q2 profits surge
New-age companies Nykaa, Lenskart, and PhysicsWallah reported strong numbers for the September quarter. This and more in today’s ETtech Top 5.
- Go To Page 1
US midterm elections: Democrats 'on the verge' of taking back House majority, says Hakeem Jeffries
Democratic leader Hakeem Jeffries expressed optimism about winning control of the House during midterm elections. Voting took place on November 3, with significant implications for Congress's power dynamics. Jeffries noted strong early vote numbers across various states indicating potential gains. President Trump, facing low approval ratings, dismissed concerns about a Democratic majority. Polling station closures marked significant moments in this critical electoral night.
US Midterm Elections 2026: Trump approval plunges to 38% as polls begin to close, CBS exit poll shows
US President Donald Trump’s approval rating stood at 38%, the lowest for an incumbent president during a midterm election, according to a CBS News exit poll. Around three-quarters of voters were dissatisfied with the direction of the country, while more Americans viewed the economy negatively than two years ago. Most also believed the US was wrong to take military action in Iran.
US Midterm Elections 2026 Exit Polls: What do voters think, and when will results come in Georgia, Florida, Michigan, Ohio, Pennsylvania, Texas and other states?
Americans voted in midterm elections that determined control of Congress for the next two years. All 435 House seats, 35 Senate seats, and 36 governorships were contested. Exit polls indicated potential challenges for the Republican Party based on pre-election surveys. Polling occurred through various methods, with interviews conducted both before and on Election Day. Exit polls reveal widespread voters' dissatisfaction.
Exit Polls 2026: How to check early Election insights and what they reveal about voters
Exit polls are poised to shed light on voter behavior and preferences during the crucial 2026 midterms. Conducted post-voting, these polls will delve into candidate choices and pressing topics such as economic concerns. Major outlets, including NBC News, will evaluate data from around 100,000 participants across the country. While initial findings may highlight demographic trends, concrete candidate preferences will await the conclusion of polls.
The business of running a hospital: Balancing profitability, patient trust and scale
A hospital’s financial health depends on more than occupancy and revenue, requiring a careful balance of cost control, cash flow and patient trust.
OpenAI’s India user base doubles; Rapido GOV quadruples
Happy Tuesday! India has become ChatGPT’s largest market globally, with its user base doubling. This and more in today’s ETtech Morning Dispatch.
ICE re-arrests immigrant minutes after judge frees him: Father describes trauma after being taken back into custody just three minutes later
A Nicaraguan immigrant has described the chilling moment ICE re-arrested him just minutes after a federal judge ordered his release, comparing an agent's changed expression to a wolf about to devour Little Red Riding Hood. His account comes amid growing reports of ICE re-arresting immigrants after they win habeas corpus petitions in US courts.
US midterm elections 2026: Who runs the exit polls? The SSRS survey behind every network’s projections
The Voter Poll uses multiple methods to reach voters and combines interviews conducted at polling locations with surveys conducted through mail, telephone and online platforms. The approach is designed to include people who vote in person on Election Day, those who vote early and those who can cast ballots by mail.
Dubai in Transit: The megalopolis is trying to shake off nightmarish war months, but caution remains in the air
Dubai is struggling to regain business momentum eight months after Iranian missile strikes disrupted tourism, real estate and other sectors. While tourist arrivals and hotel occupancy have recovered from their March lows, the recovery has stalled amid renewed regional tensions.
Democrats have long known heartbreak in Texas. Could this finally be their year?
Texas Democrats are proactively contesting every major election as they seek to end a long-standing Republican dominance. The state has become a battleground with rising Latino voter turnout and unrest among conservative women. Disturbing issues involving Attorney General Ken Paxton have led to doubts among Republican voters. Democrats are focusing on affordability while Republicans delve into culture wars.
WPL 2027 uncapped gems: Domestic performers eye India women’s T20 break
Several domestic players are showcasing impressive performances in India's women's T20 cricket, aiming for national selection. Humairaa Kaazi scored 92 runs against Jharkhand, reinforcing her case for a spot on the team. Meanwhile, Vrinda Dinesh and Deeya Yadav are also drawing attention with their strong statistics in recent competitions. The selectors are evaluating these players as the team seeks to rebuild after the T20 World Cup.
Mary Kom says Priyanka Chopra starrer biopic was ‘not real’: Boxing champion dismisses idea of a sequel after Bigg Boss 20 exit
Boxing champion Mary Kom has spoken about Priyanka Chopra’s 2014 biopic, saying the film showed only 10% of her struggles and hard work. After her Bigg Boss 20 exit, she said parts of the film were not real and suggested that her autobiography, Unbreakable, offers a fuller account of her journey. Mary also ruled out the possibility of a sequel.
No layoffs in 101 years: CEO of a company that has never laid off workers says businesses should cut costs elsewhere instead of firing employees
As Microsoft offers voluntary buyouts to around 60,000 employees amid heavy AI investment, the CEO of a 101-year-old syrup maker says businesses should look for savings beyond job cuts. Torani says it has never laid off workers, including during the pandemic, when revenue fell 20% in a single month.
AI narrative needs to change for India: K Balasubramanian, CEO, Citibank India
Long-term capital-gains tax is a big factor on the equity side. On direct investment, the trade agreements are going to be a big positive. Trade agreements create potentially important UK-India and EU-India corridors. We have been doing a lot of work identifying companies that could benefit and engage with clients. For Citi, that opportunity can flow through services and markets and potentially through investment-banking transactions as multinational companies raise capital in India, says K Balasubramanian, CEO, Citibank India.
Is Nicki Minaj Trump’s next press secretary? White House official shares video with her ahead of President’s Michigan rally; rapper responds
Rapper Nicki Minaj made a bold appearance with Donald Trump at a Michigan rally, where she urged the audience to head to the polls. This moment came amid swirling rumors of her candidacy for the role of White House press secretary, after the exit of Katie Zacharia sparked curiosity. Minaj took to social media, sharing a glimpse of her experience on Air Force One.
eMudhra faces a bigger test of public trust after security lapse
The company has voluntarily exited from the global Secure Sockets Layer/Transport Layer Security (SSL/TLS) certificate business following the incident.
This new mom built a startup between breastfeeding sessions. It went on to make $90,000 in a month
While juggling a full-time job and motherhood, Julia Holden, 34, successfully launched Sleepy Hat, overcoming various product development hurdles. Her first sale marked a pivotal point in her entrepreneurship journey. Transitioning from her advertising career, she dedicated herself to nurturing her brand. Despite skepticism about launching a business so soon after childbirth, Holden highlighted the need to trust her gut and embrace her entrepreneurial spirit.
ETMarkets Smart Talk| A ₹25,000 monthly SIP can grow to ₹2.17 crore in 15 years—with a 10% annual step-up: Jeet Marwadi
In an interview with Kshitij Anand of ETMarkets, Jeet Marwadi, Founder and Managing Director of 1 Finance, explains why reviewing loans, insurance, expenses and savings decisions can be just as important as investment selection—and why investors should seek financial advice early in their wealth journey.
From CDMO to aerospace: How Vikas Khemani finds India’s next big themes
Now, as Carnelian has ventured into mutual fund business by launching a small-cap fund with a ₹5,000 crore cap, Khemani is focusing on manufacturing, financials and IT while warning investors against confusing market capitalisation with valuation. In an interview, he explains how the fund plans to manage size, assess expensive growth opportunities and position for the next market re-rating.
Oil Price Today (October 21): Crude oil crosses $110 amid Middle East supply concerns. What lies ahead?
Brent crude futures jumped more than $1 to trade at around $110 per barrel. WTI Crude futures also gained more than a dollar to trade at around $99 per barrel
Easy exits hurting Indian stocks: Nirmala Sitharaman explains why equities are underperforming
Finance Minister Nirmala Sitharaman says easy liquidity is allowing investors to exit Indian equities as the Nifty and Sensex struggle to deliver positive returns. Foreign investors have pulled out nearly $63.6 billion since October 2024, erasing nine years of inflows, amid rising US yields, a stronger dollar and AI-driven investment shifts.
Tiger Shroff attack update: What was the actor doing moments before the shooting incident in Mumbai? Police find bike used in attack
Tiger Shroff narrowly escaped harm after gunshots were fired at his vehicle in Juhu, Mumbai, on Sunday evening. While he was unharmed, his driver and another staff member suffered injuries in the attack. Authorities have confiscated the motorcycle linked to the assailants. Read on!
IIFL Finance plans to raise ₹2,500-5,000 crore by selling stake amid Fairfax exit rumors
IIFL Finance is intending to raise ₹2,500-5,000 crore by selling a minority stake. The company's promoters may subscribe to warrants to limit dilution. Fairfax Financial Holdings is likely to sell its stake due to regulatory norms. IIFL aims to enhance its capital position amid evolving market conditions. These measures are expected to create synergies for IIFL Capital as part of IDBI Bank.
Load More
