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Norway wealth fund critical of Novo board shakeup

Mint Kolkata

|

November 11, 2025

Norway's sovereign wealth fund is among investors renouncing a revamp of the board of directors at Danish obesity-drug maker Novo Nordisk A/S.

- Bloomberg

The decision by Norges Bank Investment Management to refrain from supporting Lars Rebien Sorensen's bid to become chairman underscores tensions between the drugmaker's dominant shareholder-the Novo Nordisk Foundation-and its minority investors.

NBIM is abstaining from voting on all five proposals to elect the chairman and four board members at Friday's meeting. California State Teachers' Retirement System plans to vote against the changes.

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Indian IT slashes spending on lobbying in the US

Indian IT slashes spending on lobbying in the US had incurred lobbying costs of $90,000 in 2022 as against $210,000 in 2020. It has not employed any lobbying services since 2022.

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Apple’s 5th India store to open in Noida soon

Apple announced on Friday it will open its fifth retail store in India on 1 December in Noida's DLF Mall of India—marking its second store in the National Capital Region after Delhi, which opened in April 2023.

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The beauty and sadness of living in the hills

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Fiscal deficit widens on higher capex, lower tax

India’s fiscal deficit for the April-October period rose on higher capital expenditure and lower net tax revenue.

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'The Family Man' S3: Agent down

The new season of the popular spy thriller series starring Manoj Bajpayee feels like a hedged bet

time to read

4 mins

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Fiscal deficit up on capex, lower tax

during the period, or 55.1% of the annual estimate for FY26, compared to %4.67 trillion or 42% ofthe annual estimate during the year-ago period.

time to read

1 min

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Equity treatment for Reits from 1 Jan

From 1 January 2026, any money put into Reits (real estate investment funds) by mutual funds and specialized investment funds (SIFs) will be treated as equity-linked investments.

time to read

1 min

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Mint Kolkata

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Former DBS CEO is Temasek India’s new non-exec chair

Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-executive role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said, He will join on 1 December.

time to read

1 mins

November 29, 2025

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