Business

Lighthouse Learning Group is acquiring Pathways School Gurgaon for approximately Rs 1,500 crore. This transaction marks a significant deal within India’s school education sector. The school operates as a company, which may have influenced its valuation. Lighthouse Learning has recently acquired other educational institutions in the region. New owners might adjust costs and fees to

TCS reported June-quarter revenue of $7.6 billion, showing a modest year-on-year increase. The company added over nine thousand employees, marking significant workforce expansion. Consolidated net profit saw a sequential decline after a one-time legal charge. Operating margins decreased due to annual wage hikes, with a goal to return to twenty-five percent. TCS expects AI to

The 11 million barrels shipped over the past day are roughly equal to Iran’s pre-war crude exports for an entire week. It remains uncertain, however, whether buyers will be available for those cargoes.

The possibility of imposing transit charges in the Strait of Hormuz has drawn fresh attention to the dependence of global supply chains on a small number of strategically important waterways.

Fundamentum Partnership has launched its third fund with a Rs 2,200 crore target corpus. Nandan Nilekani anchors this fund, marking his largest venture capital commitment. The firm focuses on Series B investments in Indian technology companies ready for scaling. Fundamentum will invest Rs 100-150 crore in eight to ten portfolio companies. This new fund prioritizes

Fundamentum Partnership has launched its third fund with a Rs 2,200 crore target corpus. Nandan Nilekani anchors this fund, marking his largest venture capital commitment. The firm focuses on Series B investments in Indian technology companies ready for scaling. Fundamentum will invest Rs 100-150 crore in eight to ten portfolio companies. This new fund prioritizes

Justice Biswaroop Chowdhury partly allowed an appeal filed by Bajaj Allianz General Insurance Company Limited and enhanced compensation payable for the death of a homemaker from Rs.9.17 lakh to Rs.11 lakh, while dismissing the insurer’s challenge to a separate award of Rs.2.10 crore granted for the death of her husband in the same accident.

Before the Iran war began, Brent was trading near $72 per barrel. More recently, optimism surrounding an interim peace agreement had pushed prices back to roughly their pre-war levels.