Business

MUMBAI: There are strong signs that after a lull of a few months, companies will hit the street to raise funds from investors. Markets regulator Sebi on Tuesday said it cleared six IPOs aiming to raise more than Rs 20,000 crore in total, including the Rs 12,500-crore offer by HDB Financial, which will be the biggest such issue ever by …

WestBridge Capital on Tuesday sold a 12.4 per cent stake in Aptus Value Housing Finance, amounting to Rs 1,906 crore, via an open market transaction.The private equity firm, one of the promoters of Aptus Value Housing Finance, executed the sale through its investment arm, WestBridge Crossover Fund LLC. According to bulk deal data on the NSE, over 6.19 crore shares …

Aylo, the company which runs a number of pornographic websites, including Pornhub, is to stop operating in France from Wednesday. It is in reaction to a French law requiring porn sites to take extra steps to verify their users’ ages. An Aylo spokesperson said the law was a privacy risk and assessing people’s ages should be done at a device …

Organisations supporting families with babies say they have seen a rapid rise in demand for their services. Baby banks provide donated nappies, cots, clothes and other items to parents in need. Eve Bennett, founder of the Market Rasen Baby Bank, in Lincolnshire, said the number of users had risen from 19 to 76 over the last six months. She described …

Swiss brokerage UBS has revised its forecast for India’s FY26 GDP growth to 6.4% from the earlier 6%, citing resilient economic momentum despite ongoing global trade tensions.This revision comes after official data last week showed India’s economy grew by 7.4% in the March quarter, pulling the full-year 2024-25 GDP growth down to 6.5%, compared with 9.2% in FY24.UBS attributed the …

Tom Gerken Technology reporter The Met Police seized more than 1,000 handsets in a crackdown in February Senior figures at Apple and Google have clashed with the police over its recommendations for how best to deal with phone theft in the UK. The Met’s James Conway told the Commons Science, Innovation and Technology Committee – which is considering the question …

Lower energy prices mean the amount of money needed to meet a basic standard of living in retirement has fallen, a major report has found. But those wanting a better retirement will need a higher income than ever before, the Pensions and Lifetime Savings Association (PLSA) has said. Each year, the trade body estimates the level of income needed to …

New data shows record house price rises are currently “centred” in south Wales. Source link

Fashion brand The North Face and luxury jeweller Cartier have become the latest retailers to report having customer data stolen in cyber attacks. North Face has emailed some customers saying it discovered a “small-scale” attack in April this year. Cartier said “an unauthorized party gained temporary access to our system”. Both brands say data such as customers names and email …

Global economic growth is set to be slower this year largely because of Donald Trump’s US tariffs, according to a leading international policy group. Worldwide growth is now expected to slow to a “modest” 2.9%, down from a previous forecast of 3.1%, said the Organization for Economic Co-operation and Development (OECD). It blamed a “significant” rise in trade barriers for …