Welspun Enterprises posted a mixed Q4 earnings. The revenue is up 20 percent but higher taxes have hit the bottom line this quarter. Further, margins have also contracted for the company. Sandeep Garg, MD & CEO of the company, said, “FY21, the year gone by had its own challenges so we had a challenge in terms of the Q1, which was practically a wash out due to COVID. We lost nearly Rs 350 crore of revenues in Q1 itself. More a revenue perspective it has been a difficult year.”

The government has made many regulatory changes in the past couple of years to make AIF (alternative investment fund) investment more robust. The industry asks for more measures such as goods and services tax (GST) reduction on fund managers' fees to make it more attractive. On Big Deal, Nisha Poddar discussed various suggestions with Kalpesh Jain of Multiples Alternate Asset Management, Ashish Fafadia of Blume Ventures, and Siddarth Pai of 3one4 Capital and co-chair at Regulatory Affairs Committee of IVCA.

Carbon neutral is the new gold as more and more companies are pledging to become carbon neutral, net-zero, and even climate positive. CNBC-TV18’s Sonal Bhutra explains the meaning of these, and India's stand.

PepsiCo India has filed a trademark infringement suit against Parle Agro seeking a permanent injunction restraining the latter from using the tagline ‘For the Bold.’