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The India-focused investor is raising its stake in the financial inclusion space at a time when the country is expected to emerge as the fastest-growing major economy. India has recently earned the distinction of being the fifth largest economy, overtaking the UK.

​"Overall revenue of the company will grow by 14 per cent to Rs 13.4 billion, with MF revenue growing at 13 per cent. MF yields are expected to remain 3.2 bp as the benefit of a rise in equity AUM will be partially offset by an increase in total AUM

The blockchain intends to build private, autonomous platforms for free speech and an open peer-to-peer economy.

When the global economy crashed in March 2020 and markets went into free fall, the U.S. Treasury market - the $25 trillion bedrock of the global financial system - broke down. Sellers struggled to find buyers, and prices whipsawed higher and lower. The Fed stepped in, devoting trillions of dollars to steadying the market.

Reliance Commercial owes creditors ₹9,017 crore. Authum has offered ₹2,207 crore - a 75% haircut for secured creditors - largely funded by internal cash reserves accumulated in the debtor and also some cash payment by Authum.

Last week, Singtel sold 1.76% in Airtel through block deals for a little over ₹7,100 crore. Bulk of that stake - around 1.62% - was acquired by BTL for ₹6,604 crore, while the balance (0.14%) was acquired by public shareholders in Airtel. BTL is now raising fresh debt to part-finance the remaining 1.57% stake buy from Singtel.

At least three top lenders - Axis Bank, HSBC and State Bank of India (SBI) - are likely to extend the loan, which could be raised in the Gujarat GIFT City.

There is money coming into India because we are seen among the very few stable and growing markets in the middle of a lot of uncertainty worldwide," said Siddarth Bhamre, research head at Religare Broking. "That also explains the premium valuations that Indian stocks have been commanding.

The valuation of India’s largest online pharmacy, which has grown aggressively through VC money and 11 acquisitions so far, has dropped and could be at almost half its October 2021 pre-IPO valuation.

Crude prices on both sides of the Atlantic have surged more than 15% this year due to uncertainties stemming from the Russia-Ukraine conflict. Energy costs have also soared with Moscow slashing gas supplies to Europe amid Western sanctions imposed over its invasion of its neighbour.