Piper Serica launches ₹800 crore
The asset manager will look to invest in around 22 companies in its Series A and B rounds, with a target investment of ₹25-40 crore per company, a target gross internal return (IRR) of around 30 per cent and a holding period of six years. The new fund follows its Category-I Alternative Investment Fund, which…
Mankind Pharma Q4 PAT rises by Rs 30
Delhi-based pharma major Mankind Pharma reported 30.4 per cent year-on-year (YoY) growth in consolidated net profit for the March quarter (Q4) of FY26 due to strong domestic demand for legacy drugs used to treat long-term diseases. The drugmaker reported a profit after tax (PAT) of Rs 559 crore, up from Rs 429 crore in the…
Average IPL Franchise Valuation
According to Fanatic Sports and Hurun India’s Most Valuable Sports Teams 2026 report, the average franchise valuation in the Indian Premier League (IPL) is projected to reach $15 billion by 2032, significantly higher than $1.8 billion in 2026. The average IPL franchise valuation has been rising steadily since the league’s inception, rising from $0.1 billion…
Windows 11 gets custom taskbar
Microsoft is introducing a series of new customization features to Windows 11, primarily focusing on the Start menu and taskbar experience. The update, which is being released to Windows Insiders in the Experimental Channel, allows users to move the taskbar to different sides of the screen, use a smaller taskbar, and get more control over…
Public sector banks started sending
Officials from at least three large state-run banks returned to their Dubai offices last week after working from India for a short period following the outbreak of the Middle East conflict, sources said. In April, banks transferred some executives handling treasury, wholesale banking and corporate banking operations to India as a precaution as the United…
Paul Curcio named editor of GL
New editor Paul Curcio outlines a commitment to the digital future of global finance and its roots. The life cycle of a magazine is no different from the life cycle of a person. After almost 40 years, global finance A kind of middle age has been reached – a deeper stage of life where experience…
Alembic Pharma shares fall by 9%
Alembic Pharmaceuticals share price today Shares of Gujarat-based pharmaceutical company Alembic Pharma fell over 9 per cent to an intraday low of ₹710.70 on the National Stock Exchange (NSE) after it reported lower-than-expected numbers for the March 2026 quarter (Q4FY26). Around 02:45 pm, the stock was trading at ₹720, down 8.15 per cent from the…
Oil reached its highest level in 2 weeks
Oil prices rose on Monday after an attack on a nuclear power plant in the United Arab Emirates halted efforts to end the Iran war and US President Donald Trump is expected to discuss military options on Iran. Brent crude futures were up $1.65, or 1.51 percent, at $110.91 a barrel by 0703 GMT, but…
Weekly Economy Brief: Tariff on Gold
More than two months after the war broke out in West Asia, its impact started becoming visible on retail consumers as oil marketing companies (OMCs) increased the prices of petrol and diesel in four metro cities. The government this week took action on gold imports, sugar exports, energy security and foreign exchange buffers, as geopolitical…
mcap of 9 top valued firms
The combined market valuation of nine of the top 10 valued companies declined by Rs 3.12 trillion last week, with Reliance Industries the biggest hit. Last week, the 30-share BSE Sensex fell 2,090.2 points or 2.7 per cent, while the 50-share NSE Nifty fell 532.65 points or 2.2 per cent. “Markets ended the week in…
