Piramal Finance open to patient foreign capital, but no quick deals yet: CEO

Piramal Finance open to patient foreign capital, but no quick deals yet: CEO

Piramal Finance seeks patient foreign partners for steady growth Piramal Finance has signaled openness to strategic foreign investment, but with a clear message: any capital should support long-term growth rather than short-term gains. The company is positioning itself to scale deliberately, prioritising sustainable expansion over quick returns. Ambitious AUM goal for FY28 The firm aims … Read more

Will nomination make me sole owner of the asset?

Will nomination make me sole owner of the asset?

Nominee on a fixed deposit is not the same as owner Being named as a nominee on a fixed deposit (FD) makes it easier for banks to identify who to pay after the depositor’s death. It does not turn the nominee into the automatic owner of the funds. Legal heirs and beneficiaries named in a … Read more

‘Will not get bullied’: Perplexity CEO Aravind Srinivas responds to Amazon’s legal notice over use of Comet AI

‘Will not get bullied’: Perplexity CEO Aravind Srinivas responds to Amazon's legal notice over use of Comet AI

Perplexity co-founder and CEO Aravind Srinivas has publicly responded after a legal challenge from a major cloud and retail company over the startup’s new AI browser, Comet. Srinivas framed the dispute as one about user choice and industry collaboration, promising to defend the product and its users while inviting a constructive resolution. What happened The … Read more

Why EPFO’s new withdrawal rules may hurt more than they help

Why EPFO’s new withdrawal rules may hurt more than they help

The Employees’ Provident Fund Organisation (EPFO) has moved to extend the time period for full withdrawal of provident fund savings. The change is meant to protect retirement nest eggs, but it also raises fresh challenges for migrant workers, retirees, and people who need quick access to funds during emergencies. What the change means Under the … Read more

Groww IPO gets fully subscribed on Day 2

Groww IPO gets fully subscribed on Day 2

IPO modestly oversubscribed at 1.07 times The company’s initial public offering attracted bids for 39,16,33,950 shares against 36,47,76,528 shares on offer, translating into a subscription level of 1.07 times, according to data available with the NSE till 11:45 hours. Quick snapshot Bids received: 39,16,33,950 shares Shares on offer: 36,47,76,528 shares Subscription level: 1.07 times (NSE … Read more