Family offices double down on startup bets

MUMBAI: Indian family offices are increasingly placing their bets on startups which, if made right, can generate higher returns. From quick commerce’s Zepto to supply chain financing startup Mintifi, investments from family offices are straddling sectors. They have broadened their coverage of new-age companies over the years, and are looking at emerging sectors like chip […]

Elevating Corporate Offices to a New Level of Excellence

Gurgaon, Haryana, India:  In a significant addition to Gurgaon’s corporate skyline, AIHP Group has announced the launch of AIHP Millennium, a state-of-the-art corporate tower strategically situated along NH8 in Udyog Vihar. As a GRIHA-certified workspace building, AIHP Millennium is crafted with a keen emphasis on sustainability, innovation and enhancing the daily […]

Akasa Air gets funding boost! Azim Premji-Ranjan Pai family offices to buy significant minority stake

The budget carrier aims to raise $130-140 million through this transaction. Akasa Air stake sale: A consortium led by Premji Invest and Claypond Capital, representing the Bengaluru-based family offices of Wipro founder Azim Premji and Manipal group chief Ranjan Pai, is set to acquire a substantial minority stake in Akasa Air, according to informed sources.The […]

Income Tax department searches Truecaller India offices in tax evasion case, ETCFO

The Income-Tax Department Thursday carried out searches at offices of global caller ID platform Truecaller on charges of tax evasion, official sources said. The Stockholm-headquartered company said it was cooperating with the investigators. Tax officials said the searches were aimed to gather detailed information and check documents in connection with certain charges of tax evasion […]