Category Archives: business

Why getting VC jobs is now harder for MBA graduates

**Why Getting VC Jobs Is Now Harder for MBA Graduates**
*By Dwaipayan Roy | Sep 22, 2025, 01:18 pm*

The pathway from earning an MBA to landing a job in venture capital (VC) remains open, but recent data suggests this route is becoming more challenging. According to reports from PitchBook and academic research, the landscape of VC hiring is shifting.

In 2024, Harvard University placed 50 of its 1,004 MBA graduates into VC roles, with a median starting salary of $177,500. Meanwhile, Stanford saw about 30 of its smaller graduating class enter venture capital positions.

### Alumni Presence and Declining MBA Representation

PitchBook data reveals that over 10,000 MBA alumni from Harvard, Stanford, and Wharton currently hold senior roles in US VC firms. Despite this large presence, the dominance of MBAs in the venture capital world is gradually declining.

Stanford professor Ilya Strebulaev’s research shows that the share of mid-career venture professionals with MBA degrees has dropped from 44% in the early 2000s to 32% today. This signals a noticeable shift in the composition of VC talent.

### Changing Hiring Preferences

The evolving nature of venture capital itself is a key factor behind this trend. VC is expanding beyond traditional sectors into cutting-edge fields like artificial intelligence (AI) and hardware, where technical expertise tends to be more valued than business school credentials.

As a result, venture firms increasingly prioritize candidates with backgrounds from tech powerhouses such as OpenAI and SpaceX over those holding MBAs from top business schools.

“There is less appetite for MBAs currently,” notes executive recruiter Will Champagne in an interview with PitchBook.

### Student Interest Remains Strong

Despite these changes in hiring preferences, interest among MBA students in venture capital careers remains robust. At Stanford, for example, the VC club boasts around 600 members out of roughly 850 MBA students on campus.

However, pursuing an MBA at a leading program can be costly, with expenses often exceeding $200,000. Yet this high price tag does not seem to diminish students’ enthusiasm for venture capital roles.

As the VC industry evolves, MBA graduates may need to adapt by gaining relevant technical skills or experience to stay competitive in this dynamic job market.
https://www.newsbytesapp.com/news/business/mba-to-vc-job-path-still-exists-but-changing/story

Indian Tech Industry To Enhance Local Skilling, Hiring In US: Nasscom

The Indian IT and tech industry is investing more than $1 billion in local upskilling and hiring within the United States, marking a significant increase in the number of local hires, according to the industry’s apex body, Nasscom.

Over the years, Indian and India-centric companies operating in the US have significantly reduced their reliance on H-1B visas, steadily boosting their local hiring efforts. “Moreover, with the fee being applicable from 2026 onward, companies have time to further enhance skilling programs in the US and increase local hiring,” Nasscom noted.

Data shows that the number of H-1B visas issued to leading Indian and India-centric companies has dropped from 14,792 in 2015 to 10,162 in 2024. Nasscom added, “H-1B workers for the top 10 Indian and India-centric companies constitute less than 1 percent of their entire employee base. Given this trajectory, we anticipate only a marginal impact for the sector.”

The H-1B visa is designed for high-skilled worker mobility and serves as a non-immigrant visa that helps bridge critical skill gaps in the US labor market. Salaries for H-1B workers are on par with local hires, and H-1B workers represent only a very small fraction of the overall US workforce.

“Nasscom has consistently advocated for predictable and stable skilled talent mobility frameworks, which are essential for sustaining national competitiveness and have long fueled US innovation and economic growth,” the industry body said. Skilled talent mobility, it emphasized, is central to enabling businesses to make forward-looking investment decisions, accelerate research, and strengthen nations’ positions in the global innovation economy.

On September 20, the White House issued clarifications regarding the recent proclamation introducing a $100,000 annual fee on H-1B visa applications. The clarification confirmed that this new fee will not affect current visa holders and will be applied as a one-time fee only to fresh petitions. This announcement has helped resolve immediate ambiguities surrounding eligibility and timelines, while also alleviating concerns about business continuity and uncertainty for H-1B holders currently outside the US.

*Disclaimer: This story is from a syndicated feed. Only the headline has been changed.*
https://www.freepressjournal.in/tech/indian-tech-industry-to-enhance-local-skilling-hiring-in-us-nasscom

Insurers to pass full GST benefit to customers

**Insurers to Pass Full GST Benefit to Customers**
*By Akash Pandey | Sep 21, 2025, 06:47 PM*

Insurance companies are preparing to implement the new Goods and Services Tax (GST) rates starting Monday. According to industry insiders, insurers will pass on the entire GST reduction directly to customers without altering product prices for the time being.

This initiative is expected to boost demand slightly, as many customers had postponed their insurance purchases in anticipation of the new tax regime.

**Implementation Status**

While some insurers are ready with their entire product portfolio updated to reflect the new GST rates, others may initially offer only their best-selling products. This phased approach will continue until all offerings are aligned with the revised tax structure.

This move is part of a broader industry effort to comply with the updated tax regulations while maintaining affordable insurance options for consumers.

**Margin Concerns**

Despite passing on the GST cut, insurers remain cautious about the potential impact on profit margins due to the withdrawal of input tax credit. The revised tax structure is seen as part of the government’s wider strategy to simplify and streamline taxation across sectors.

However, the long-term effects of these changes on both businesses and consumers are yet to be fully understood.
https://www.newsbytesapp.com/news/business/insurers-to-pass-on-gst-reduction-to-customers/story

Adani Group demands accountability from Hindenburg after $150B losses

**Adani Group Demands Accountability from Hindenburg Following $150 Billion Losses**

*By Akash Pandey | Sep 21, 2025, 05:26 PM*

The Adani Group is calling for accountability from Hindenburg Research after the US-based firm’s allegations led to a staggering loss of nearly $150 billion in shareholder value.

### SEBI Clears Adani Group of Violations

The Securities and Exchange Board of India (SEBI) recently concluded its investigation and cleared the conglomerate of any related-party violations under existing laws. A source close to the group questioned who would be held responsible for the massive losses suffered by millions of investors following Hindenburg’s report.

### Market Response: Stocks Rally After SEBI’s Clean Chit

Following SEBI’s ruling, the stocks of nine companies under the Adani Group witnessed gains ranging from 0.3% to 12.4%. Adani Power emerged as the biggest gainer, climbing 12.4% in stock price.

Despite this positive momentum, the combined market capitalization of these companies remains below ₹14 lakh crore, which is significantly lower than the pre-allegation peak of over ₹19 lakh crore.

### Regulatory Scrutiny Finds No Evidence of Wrongdoing

SEBI had launched a thorough investigation in 2023 in response to the Hindenburg allegations. The regulator found no evidence of fraud, market manipulation, or diversion of funds.

Additionally, a six-member committee appointed by the Supreme Court to examine the claims also cleared the Adani Group of any wrongdoing.

The developments mark a crucial chapter in the ongoing saga between the Adani Group and Hindenburg Research, highlighting the impact of financial allegations on market valuations and investor sentiment.
https://www.newsbytesapp.com/news/business/adani-seeks-accountability-as-sebi-dismisses-hindenburg-allegations/story

Market cap of India’s top 7 firms up ₹1.18L crore

**Market Cap of India’s Top 7 Firms Jumps by ₹1.18 Lakh Crore**

*By Dwaipayan Roy | September 21, 2025, 02:58 PM*

The combined market capitalization of seven of the top 10 most valuable companies in India saw a substantial increase of ₹1.18 lakh crore last week. This surge was primarily driven by gains in State Bank of India (SBI) and Bharti Airtel, reflecting a broadly positive trend in the equities market.

The Bombay Stock Exchange (BSE) benchmark index also experienced a boost, rising by 721.53 points, or 0.88%, during the same period.

**Market Leaders SBI and Airtel Lead the Charge**

SBI’s market valuation soared by ₹35,953.25 crore, reaching ₹7,95,910 crore. Close behind, Bharti Airtel’s valuation jumped by ₹33,214.77 crore to ₹11,18,952.64 crore. Reliance Industries also registered a significant increase, with its market capitalization rising by ₹17,389.23 crore to ₹19,04,898.51 crore.

Additionally, Tata Consultancy Services (TCS) saw its valuation climb by ₹12,952.75 crore, bringing it to ₹11,46,879.47 crore.

**Other Notable Gainers: LIC and Infosys**

Life Insurance Corporation (LIC) and Infosys also recorded considerable gains. LIC’s market cap grew by ₹12,460.25 crore to ₹5,65,612.92 crore, while Infosys’s valuation increased by ₹6,127.73 crore to ₹6,39,901.03 crore.

HDFC Bank witnessed a modest rise in its market capitalization, up by ₹230.31 crore, reaching ₹14,84,816.26 crore.

**Companies Facing Decline in Market Capitalization**

On the other hand, three companies experienced a dip in their market value. ICICI Bank’s market cap fell by ₹10,707.87 crore to ₹10,01,654.46 crore. Bajaj Finance saw its valuation decrease by ₹6,346.93 crore, down to ₹6,17,892.72 crore. Hindustan Unilever also recorded a decline of ₹5,039.87 crore, bringing its market cap to ₹6,01,225.16 crore.

Overall, the positive momentum in India’s equity markets was largely supported by strong performances from SBI, Bharti Airtel, and Reliance Industries, signaling robust investor confidence in these leading firms.
https://www.newsbytesapp.com/news/business/top-7-m-cap-gainers-add-1-18l-crore-last-week/story

Market cap of India’s top 7 firms up ₹1.18L crore

**Market Cap of India’s Top 7 Firms Surges by ₹1.18 Lakh Crore**

*By Dwaipayan Roy | Sep 21, 2025, 02:58 PM*

The combined market capitalization of seven out of the top 10 most valuable companies in India witnessed a massive jump of ₹1.18 lakh crore last week. This surge was primarily driven by strong performances from State Bank of India (SBI) and Bharti Airtel, amid a broadly positive trend in the equity markets.

The Bombay Stock Exchange (BSE) benchmark index also reflected this optimism, rising by 721.53 points or 0.88%.

### Market Leaders SBI and Bharti Airtel Lead the Gains

State Bank of India saw its market valuation soar by ₹35,953.25 crore, reaching ₹7,95,910 crore. Bharti Airtel closely followed with an increase of ₹33,214.77 crore, lifting its market cap to ₹11,18,952.64 crore.

Reliance Industries also experienced a significant rise, adding ₹17,389.23 crore to touch a valuation of ₹19,04,898.51 crore.

Tata Consultancy Services (TCS) posted an increase of ₹12,952.75 crore, taking its market capitalization up to ₹11,46,879.47 crore.

### Other Notable Gainers: LIC and Infosys

Life Insurance Corporation (LIC) saw its valuation climb by ₹12,460.25 crore, reaching ₹5,65,612.92 crore. Infosys also recorded gains, with its market cap increasing by ₹6,127.73 crore to ₹6,39,901.03 crore.

HDFC Bank’s market capitalization rose marginally by ₹230.31 crore, closing at ₹14,84,816.26 crore during the week.

### Market Laggers: ICICI Bank, Bajaj Finance, and Hindustan Unilever

On the downside, three firms witnessed declines in their market capitalizations last week. ICICI Bank’s valuation decreased by ₹10,707.87 crore to ₹10,01,654.46 crore.

Bajaj Finance and Hindustan Unilever also saw drops, with market caps falling by ₹6,346.93 crore and ₹5,039.87 crore, respectively. This brought Bajaj Finance’s valuation down to ₹6,17,892.72 crore and Hindustan Unilever’s to ₹6,01,225.16 crore.

The overall surge in market caps reflects renewed investor confidence in India’s blue-chip companies, particularly the banking and telecommunications sectors, while some pockets saw profit booking and corrections.
https://www.newsbytesapp.com/news/business/top-7-m-cap-gainers-add-1-18l-crore-last-week/story

Vince McMahon appears at WWE Wrestlepalooza: Blink and you miss it cameo

Former WWE chairman Vince McMahon made a surprise cameo at the start of Wrestlepalooza on Saturday.

This appearance marked his first involvement with the event since stepping down from his role as executive chairman of TKO in January 2024. McMahon has not been part of the company since his resignation earlier this year.
https://www.sportskeeda.com/wwe/news-vince-mcmahon-appears-wwe-wrestlepalooza-blink-miss-cameo

Mallorca vs Atletico Madrid Prediction and Betting Tips | 21st September 2025

The 2025-26 edition of La Liga is back in action this weekend, featuring an important encounter as Mallorca lock horns with Diego Simeone’s Atletico Madrid at the Estadi Mallorca Son Moix on Sunday. Both teams have experienced contrasting fortunes over the past year and will be eager to secure a win in this matchup.

### Mallorca vs Atletico Madrid Preview

Mallorca currently sit in 19th place in the La Liga standings and have struggled to make a significant impact so far this season. The home side suffered a narrow 3-2 defeat at the hands of Espanyol last week and will need to work hard to bounce back in this fixture.

Atletico Madrid, on the other hand, are positioned 11th in the league table at the moment. The team has been inconsistent throughout the season. In their previous game, Los Colchoneros faced a 3-2 defeat against Liverpool in the UEFA Champions League and will be looking to prove their mettle this weekend.

### Mallorca vs Atletico Madrid Head-to-Head and Key Numbers

Atletico Madrid boast an excellent recent record against Mallorca, having won 17 of the last 35 matches played between the two sides, compared to Mallorca’s nine victories.

Notably, Mallorca have won six of their last 11 home matches against Atletico Madrid in La Liga — matching the number of wins they had achieved in the 19 such games prior to this run.

Atletico Madrid have won each of their last five La Liga encounters against Mallorca and have a chance to secure six consecutive victories against them for only the second time in the history of the competition.

Additionally, Mallorca have failed to find the back of the net in their last four La Liga matches against Atletico Madrid, highlighting the defensive strength of the visitors.

### Mallorca vs Atletico Madrid Prediction

Atletico Madrid have yet to hit their stride this season and cannot afford any slip-ups going into this game. Marcos Llorente, who scored a brace in the previous match, will be looking to make an impact once again this weekend.

Meanwhile, Mallorca have fallen short of expectations and will need to be at their very best to challenge Atletico. Given the current form and head-to-head statistics, Atletico Madrid appear to be the stronger side and are expected to secure the victory.

**Prediction:** Mallorca 1-3 Atletico Madrid

### Mallorca vs Atletico Madrid Betting Tips

– **Tip 1:** Atletico Madrid to win
– **Tip 2:** Over 2.5 goals in the game
– **Tip 3:** Atletico Madrid to score first

Get ready for an exciting clash this Sunday as Mallorca and Atletico Madrid battle it out in what promises to be a thrilling La Liga encounter!
https://www.sportskeeda.com/football/mallorca-vs-atletico-madrid-prediction-betting-tips-21st-september-2025

How BFX Stacks Up Against BNB, TRON, Cardano, And Polkadot

The crypto market in 2025 is buzzing with activity. Established projects are proving their staying power, while new entrants are offering investors opportunities for exponential growth. Among them, BlockchainFX (BFX) has emerged as one of the most talked-about presales of the year, raising millions in just weeks.

But how does it compare with market veterans like Binance Coin (BNB), TRON (TRX), Cardano (ADA), and Polkadot (DOT)? Here’s a closer look at five tokens shaping the market right now.

### 1. BlockchainFX (BFX): The Newcomer with Multi-Market Ambitions

BlockchainFX is currently in its presale phase, with over $7.7 million already raised. At just $0.024 per token, and a launch price of $0.05, early buyers are securing an immediate upside.

What sets BFX apart is its vision: a trading super app where users can swap between crypto, stocks, forex, commodities, and ETFs seamlessly. The token rewards holders through daily USDT payouts funded by platform fees. Half of all fees are shared with stakers, while buybacks and burns reduce supply.

Investors also gain access to exclusive perks such as the BFX Visa Card, Founders Club membership, and even NFTs. With its BLOCK30 bonus code, buyers currently get 30% extra tokens, making it one of the most attractive presale offers of the year.

If BlockchainFX delivers on its promise of bridging crypto with traditional finance, BFX could become one of the breakout tokens of this cycle.

### 2. Binance Coin (BNB): The Veteran Powerhouse

BNB remains one of the most dominant exchange tokens in the market. Tied directly to Binance, the world’s largest crypto exchange, BNB is used for transaction fees, launchpad access, staking, and DeFi integration.

In 2025, it broke through the $1,000 mark, cementing its place as a blue-chip crypto asset. The BNB Chain continues to evolve, with recent upgrades improving scalability and performance. Analysts remain bullish on its mid-term outlook, projecting prices between $1,200 and $2,000 as adoption grows.

While regulatory challenges around Binance present risks, BNB’s strong ecosystem ensures it remains a core holding for many investors.

### 3. TRON (TRX): The Quiet Performer

TRON has built its reputation on speed, low fees, and high transaction throughput. It is one of the most widely used blockchains for stablecoins, especially USDT, which drives enormous daily transaction volumes.

In 2025, TRON’s price hovers around $0.34, with forecasts projecting slow but steady growth to about $0.43 by 2030. Technical indicators show TRON trending bullish in the short term, with its moving averages sloping upward.

While it may not offer explosive gains, TRON remains a reliable blockchain with a loyal community and a strong use case in payments and stablecoin transfers.

### 4. Cardano (ADA): The Long-Term Builder

Cardano is known for its careful, research-driven approach. Its focus on peer-reviewed development has sometimes slowed adoption, but it has built a solid reputation as a secure and sustainable blockchain.

In 2025, ADA is trading below its all-time highs but continues to develop through upgrades like Hydra, which enhances scalability and transaction speed. Cardano has strong backing in regions like Africa, where it is involved in projects for identity and governance.

Price predictions for ADA are conservative but positive, with expectations it could move toward the $1.50 to $2.00 range in the next few years if adoption accelerates.

### 5. Polkadot (DOT): The Web of Blockchains

Polkadot stands out for its vision of connecting multiple blockchains through its parachain ecosystem. By enabling interoperability, it allows projects to build specialized chains while still communicating with the broader network.

This gives DOT a unique position in the market, as interoperability is seen as a key challenge for the future of Web3. In 2025, DOT trades in the $6 to $8 range, with forecasts suggesting a move toward $15 or more by 2026 if parachain adoption increases.

While Polkadot hasn’t captured mainstream attention like Ethereum or Solana, its technological foundation remains one of the strongest in the space.

### Final Thoughts

Each of these tokens represents a different aspect of crypto’s evolution.

– **Binance Coin** is the established leader with massive utility and proven value.
– **TRON** continues to shine quietly as the backbone of stablecoin transactions.
– **Cardano** pushes forward with its methodical development.
– **Polkadot** bets on interoperability as the key to the next phase of Web3.
– **BlockchainFX**, meanwhile, offers something new: a presale opportunity that combines the high-growth potential of an exchange token with the ambitious vision of bridging crypto and traditional finance.

With its staking rewards, buybacks, Visa card perks, and the generous BLOCK30 presale bonus, BlockchainFX could be one of the most interesting projects to watch in 2025.

**For More Information**
Website: X:
https://bitcoinethereumnews.com/tech/how-bfx-stacks-up-against-bnb-tron-cardano-and-polkadot/?utm_source=rss&utm_medium=rss&utm_campaign=how-bfx-stacks-up-against-bnb-tron-cardano-and-polkadot

Shake-up at the top for billionaire-backed budget retailer

The chief executive of Best & Less has left after just nine months in the role, marking the second early departure of a CEO at the budget retailer within a short period.

Aaron Faraguna, who previously served as chief executive at JD Sports and chief operating officer at David Jones, was appointed to lead Best & Less in January. However, the company has now confirmed that Faraguna has tendered his resignation.

In a statement, Best & Less announced that Ray Itaoui, executive chairman of Best & Less Group, has assumed day-to-day responsibilities to maintain business continuity. Faraguna will continue to be available to ensure a smooth handover, the spokesperson added.

Faraguna had publicly announced his appointment as CEO of Best & Less on LinkedIn earlier this year, expressing gratitude to Itaoui for believing in him and offering the opportunity to lead “such a talented and passionate team.”

Founded in 1965, Best & Less operates more than 200 stores across Australia. The clothing and homewares retailer is co-owned by Ray Itaoui — who became CEO of Sanity in 2007 and purchased it two years later — alongside billionaire businessman Brett Blundy.

Itaoui had personally recruited Faraguna from sneaker chain JD Sports, reconnecting after Faraguna began his retail career at Sanity in 1999. Describing the appointment earlier this year, Itaoui told The Australian Financial Review that Faraguna was “exactly what we are looking for” and possessed “the energy we need.”

Before Faraguna’s appointment, Best & Less had announced in April 2023 that former The Iconic CEO Erica Berchtold would be joining as its incoming chief executive. However, in May, Itaoui and Blundy made a takeover bid for the discount fashion retailer.

By late June — months before Berchtold was due to start in September — the company and Berchtold agreed not to proceed with her appointment. Itaoui then assumed the CEO responsibilities himself.

In July 2023, Itaoui and Blundy delisted Best & Less from the Australian Securities Exchange, privatising the company two years after its initial public offering.

Reflecting on the role, Berchtold told Australian businessman Mark Bouris on his podcast, The Mentor, in August 2023: “I resigned, I quit my job, I signed up. I wasn’t allowed to start straight away, and that was fine because I wanted to do the right thing by The Iconic and see out my notice period. During that notice period, the company got bought out, privatised, and the role I wanted — the role I signed up for — was no longer the role that was there. That role just wasn’t there anymore.”

Today, Itaoui co-owns Best & Less alongside Brett Blundy, who is also the founder of Lovisa and holds a 40% stake in Dissh.

A spokesperson for Best & Less declined to answer further questions, and Itaoui was unavailable for interview.

In the 12 months to June 30, 2024, Best & Less reported a 2.2% decline in sales to $625.1 million. Despite the fall in revenue, net profits nearly doubled to $17.5 million from $9.1 million in 2023, according to the company’s most recent financial report filed with the corporate regulator.

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https://www.theage.com.au/business/companies/shake-up-at-the-top-for-billionaire-backed-budget-retailer-20250919-p5mwhn.html?ref=rss&utm_medium=rss&utm_source=rss_business