All stories by Jaden Mathew Paul
On buyback, Upstox delivers 10x returns to Ratan Tata
Rediff.com3 hours agoUpstox, an investment platform, has generated a 10-fold return to Tata group's former chairman Ratan Tata on a buyback of 5 per cent of his stake in the company, according to a company press release. The returns were on the partial sale of Tata's 1.3 per cent stake in the company.
Family offices surge to 300 since 2018 on Tier-II,-III push
Rediff.com4 Jul 2024Thanks to a booming market, India now has more than 300 family offices, up from 45 in 2018, according to a PwC report. The number is expected to grow rapidly, with promoters establishing more businesses in Tier-II and Tier-III cities. Family businesses play a crucial role in India's booming economy, spanning manufacturing, retail, real estate, healthcare, and finance.