In this issue

March 23, 2023

No thaw seen in start-up funding winter despite 231 deals this year

India-focused VCs sitting on dry powder worth $12.88 bn, highest in 7 years

3 mins

Modi kicks off 6G mission

Also inaugurates International Telecommunication Union Area Office

2 mins

Markets gain ahead of US Fed rate decision

Stock markets gained slightly as investors around the world shifted focus to the US Federal Reserve's rate decision after the conclusion of a two-day meeting of the Federal Open Market Committee.

1 min

AUTO SALES GROWTH MAY DROP IN FY24 ON WEAK SENTIMENT

Passenger vehicle segment will close FY23 with 24 per cent growth, says report

2 mins

SII tops profit charts among unlisted cos amid Covid war

Surge in demand for Covishield led to a huge spike in its revenues and profits

2 mins

PM holds Covid meeting amid renewed concerns

Amid rising Covid cases in the country, Prime Minister Narendra Modi on Wednesday directed officials to conduct regular mock drills at hospitals, enhance whole genome sequencing in positive samples, and ensure Covid-appropriate behaviour.

2 mins

AIF applications swell as Sebi strikes note of caution

Longer than expected wait time leads to delay in fund launches

2 mins

Law firms plan fee hikes to retain talent amid 'foreign entry'

Worried about star performers being poached

2 mins

Coming to a kirana near you: Reliance expands FMCG play

Launches home, personal care range for Real India’

3 mins

UK inflation jumps to 10.4% in February

British inflation unexpectedly rose to 10.4 per cent in February, pushed up by higher food and drink prices in pubs and restaurants, according to official data which is likely to prompt the Bank of England to raise interest rates on Thursday.

1 min

Five firms make the PLI cut to manufacture H₂ vehicles

Ashok Leyland, Eicher, Pinnacle, Tata, and Booma get approval

1 min

We follow the guidelines for subsidies: Okinawa MD

With the FAME II sops for electric two-wheeler makers on hold and investigations being carried out against the manufacturers to ascertain whether they were non-compliant with the localisation norms, Gurgaon-based Okinawa Autotech, one of the early entrants into this space, has submitted requisite documents with the government and is now awaiting a resolution.

1 min

Trai to again meet telcos to discuss spam calls

The telecom regulator will meet companies and other stakeholders on March 27 to discuss spam calls, making it the third such discussion since February.

1 min

Retail inflation magnified? RBI cites NSO methodology

Various analysts had earlier doubted the accuracy of retail price inflation because of \"overestimation\" of the rate of price rise in cereals in January and February this year. The Reserve Bank of India (RBI) in its recent paper attempted to provide an answer to this anomaly.

2 mins

Transmission of rates better in easing cycle

Transmission of repo rate to banks' deposit and lending rates seems to be better in an interest rate easing cycle than in the monetary tightening period, data put out by the Reserve Bank of India (RBI) in its latest monthly bulletin shows.

2 mins

50% urban areas stare at water shortage by 2050

26% of the world's population doesn't have access to safe drinking water

2 mins

EU to propose clampdown on firms using fake 'green' claims

The European Commission wants to require companies in Europe to back up climate-friendly claims about their products with evidence, under draft rules to stamp out misleading green labels for products from clothing to cosmetics.

1 min

Ukraine, IMF agree on $15.6-bn loan package

Ukraine and the International Monetary Fund have agreed on U aimed at shoring up government finances severely strained by Russia's invasion and leveraging even more support by reassuring allies that Ukraine is pursuing strong economic policies and fighting corruption.

1 min

Pension Bill should be enacted by end of the year: Macron

French President Emmanuel Macron said on Wednesday that the pension Bill that he pushed through without a vote in parliament needs to be implemented by the \"end of the year\".

1 min

UBS buys back $3-bn bonds in bid to boost investor confidence...

UBS Group said on Wednesday it would buy back 2.75 billion euros ($2.96 billion) worth of debt it sold just days ago, seeking to boost confidence among investors rattled by its $3-billion rescue of rival Credit Suisse at the weekend.

1 min

Steep correction

Market valuations are becoming reasonable

2 mins

No more farm fires

Govt must not let agri protests escalate

2 mins

Women, villages and the less affluent drive internet growth

The message from Nielsen's latest India Internet Report is that media planners need to get out of the reach game and get more creative to leverage the new type of audiences coming online

3 mins

QS ratings: IIT-Delhi enters top 50 club

Indian Institute of Technology Delhi has entered the list of top 50 institutions for engineering in the QS World University Rankings by Subject 2023, which was released on Wednesday.

1 min

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