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Kotak's new AIF raises $1.25 bn at first close

GIFT City-based fund will provide equity, debt capital and hybrid capital

E-rupee yet to catch on even as central banks work on digital currencies

Just outside the Reserve Bank of India's Monetary Museum - which charts the evolution of money, from barter to electronic transactions Bachche Lal Sahani is testing the nation's newest form of currency, the e-rupee.

Japan plans NE push with India, B'desh

Representatives from Japanese businesses and multilateral institutions, including the Asian Development Bank, are slated to visit the Northeast in April to explore significant investments as part of a wider manufacturing push, according to people aware of the matter.

'Rabi wheat procurement likely to cross estimated 34 million tonnes'

Wheat procurement in the 2023-24 rabi marketing season may be higher than the estimated 34.1 million tonnes, but the quality of the grain may suffer because of unseasonal rains in some areas, Food Corp. of India chairman Ashok Meena said in an interview.

EPFO hikes interest rate on PF deposits for FY23 to 8.15%

India's state-run retirement fund manager raised the interest rate on employees' provident fund to 8.15% for FY23, a development that will benefit more than 60 million subscribers of the Employees' Provident Fund Organization (EPFO).

Adani stocks crash on fear banks hold collateral

Adani group stocks plunged the most by value in 23 sessions after a report in The Ken cited regulatory filings to show that banks have not released a significant portion of promoter shares held as collateral. This means the group’s debt hasn’t been fully paid off, against its claims of repaying $2.15 billion in share-backed debt.

Discoms seek tariff hikes up to 40% as demand, costs soar

Power distribution utilities plan to raise tariffs ranging from single digits to as high as 40% across states if approved by the state electricity tariff regulators. Discoms in states such as Uttar Pradesh, Maharashtra, Madhya Pradesh, and Himachal Pradesh have already proposed increases in tariffs.

RIL, ReNew, 9 others secure solar PLI sops

Govt to offer entities ₹14,007 cr incentives to manufacture solar cells

Should You Use Hybrid Funds To Offset The New Debt Fund Tax?

Debt funds with less than 35% equity will always be treated as short term, taxed at slab rate under new regime

Stay Fit And Play Safe During The Summer Months

Maintaining your fitness during the hot months means avoiding exhaustion and exercising smart

Is Plastic The Villain?

Formed millions of years ago from living organisms falling on to the sea floor before being crushed into sediment and transformed by bacteria into hydrocarbons - such as crude oil - and then finally being processed, plastic one might argue, is a true force of nature.

A high school drama dissects mental health

A Netflix show reveals how trauma can impact the mental health of teens

How I danced my way through diabetes

Diabetes can be lifealtering, but it needn't cause panic. A writer tells you how she managed the disease by doing something fun

Turmoil in China's EV market could accelerate the transition

Beijing should not intervene in a shake-up that can do EVs good

Going digital has played a special role as a catalyst in our economy

An open-source strategy for interoperability has let us build various affordable solutions on top of Aadhaar as a digital base

Let satellites terminate patchy internet coverage

Isro's successful launch of One Web orbiters is a matter of pride for the country but we must keep internet access uninterruptible for the benefits of Digital India to reach all our citizens

HOW TATA MOTORS PLANS TO TAKE ON MARUTI

The EV race begins next fiscal. The Tata group company has to make its early-mover advantage count

Israeli govt plunges into chaos

A mass overnight protests over the sacking of defence chief piled pressure on the govt to halt judicial reform plans

Oyo to shrink IPO size amid tech headwinds

Company to outline plans for selling a third of shares it originally planned

Airline CEOs flag Pratt engine issues ahead of peak season

Long turnaround times at workshops and shortage of engines are aggravating the issue

Investors fret over e-pharma policy

The Centre's decision to ban the sale of medicines by online pharmacies has rattled investors, as the move could result in the closure of the firms.

Air India readies 8-10% pay hike on rising competition

Pilots, cabin crew to gain first as Tata Group wants to prevent talent from leaving airline

Weather adds to challenges for farm chemicals makers

Unseasonal rains, El Nino warning compounds uncertainties for agrochemical manufacturers

Vi may shut shop on delays in fundraising, tariff hike: Kotak

Vodafone Idea or Vi stares at a bleak future, including the possibility of \"shutting shop\" due to factors triggered by heightened competition, a domestic brokerage said on Monday. It also expects telecom companies to start hiking tariffs only after general elections in June 2024 as inflation stays above RBI's upper tolerance level.

Margins, the bright spot for FMCG

While FY24 is expected to be the year of margin expansion for fast-moving consumer goods (FMCG) companies, the extent of recovery would vary. This is because of the different raw material baskets that companies have.

'India's EV sector ready to take off on its own'

The timing for climate-tech-focused investments is ripe for market adoption with potential to grow 2-3 times of India’s GDP over the next 5-7 years, said Raj Pai, one of the founders and managing partner at GEF Capital Partners.

India prepares to develop any kind of vaccine within 100 day

India is working on a pandemic preparedness program that will enable it to develop any kind of vaccine within 100 days. The Ind-Coalition of Epidemic Preparedness Innovations (CEPI) program has been initiated by the department of biotechnology.

India's heat action plans fail in vulnerability assessments

HAPS are primary policy response to economically damaging and life threatening heat waves.

More Indians fly premium, business classes as pandemic ebbs

As travel resumes normalcy after the pandemic, several tour operators and airlines are reporting that demand for business and premium economy tickets has risen compared with the pandemic and pre-pandemic period.

First Citizens buys much of failed Silicon Valley Bank

First Citizens Bancshares Inc., one of the nation's largest regional banks, is buying big pieces of Silicon Valley Bank more than two weeks after the lender's collapse sent tremors through the banking system.