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The buyout fund will be buying 90% of the company, with the housing finance company retaining a 10% stake that it may sell over a two-year period. A formal announcement is expected by June end, ahead of the mega merger between HDFC Bank and HDFC to create the world’s fourth-largest bank. Both sides are finalising legal documentation, said the people cited above.

​On weekly chart, the index has formed a long bullish candle forming a higher high-low than the previous week and has closed above the previous week’s high, indicating positive bias.

In an email to about 20 fund officials and senior professionals, Sebi has asked them to suggest ways to lessen the compliance burden on the funds, which, many in the industry believe, has led to a regulatory overkill.

The US dollar, which has benefited from angst around the statutory borrowing limit, will be in focus as another week of trading begins at 5 a.m. Monday in Sydney. Liquidity is set to be thin with US and UK markets closed Monday for national holidays, although futures contracts referencing US Treasuries and the S&P 500 Index will trade.

The government provided a blanket exemption from angel tax to various structures such as pension and sovereign wealth funds, among others investing in India from 21 countries, but corporate entities were left out, making them potentially liable to the levy.

To put it very simply, we will want to be known as a company that funds entrepreneurs. We would continue to be known as the company that actually funds people who find it hard to get money from the organised sector.

"Everstone, which also operates Subway and Lavazza coffee in India, is looking to cash out from its stake in Burger King, and is now actively engaged in due diligence with private equity firms General Atlantic and Advent," one of the executives said.

In a separate statement, the company said "PFC Group clocked the highest PAT (profit after tax) with a 13% increase from ₹18,768 crore in FY22 to ₹21,179 crore in FY23."

The Ebitda margins expanded 890 YoY basis points to 26.2%. Occupied bed days increased by 25.6% YoY, representing an occupancy of 58% on increased bed capacity.

Nikhil Zelawat, a trader and fintech entrepreneur from Mandsaur, has developed two trading tools, including a trade journal and an emoji-based stock screener, to simplify data use. The screener uses various emojis to represent technical parameters and the resulting "face" helps Zelawat to understand the data and take appropriate action. He additionally elaborates on his profitable trading strategies, including the use of 3-4 systems for trending and sideways markets. Zelawat spent two years as a software engineer in Bengaluru before becoming a full-time trader with mentor support.