ECONOMY & NATION


IANS 04 September 2023
Total funding in the Indian edtech sector plunged 48 per cent this year, compared with the same period in 2022, and declined by 50 per cent against the same period in 2021, a report showed on Monday.   Only one over $100 million funding round took place this year (till August...

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IANS 02 September 2023
A special PMLA court in Mumbai on Saturday remanded Jet Airways founder Naresh Goyal to Enforcement Directorate (ED) custody till 11th September in connection with a case of bank fraud of Rs538 crore and money laundering. Arrested after hours of interrogation late on Friday night, Mr...

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Moneylife Digital Team 02 September 2023
Uday Kotak has resigned as managing director and chief executive officer (MD&CEO) of Kotak Mahindra Bank Ltd. He, however, would continue as a non-executive director of the Bank. As an interim arrangement, Dipak Gupta, joint managing director (MD), will carry out the duties of the MD&CEO till...

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Nagarjuna Fertilizers & Chemicals Ltd (NFCL) that set up about four decades back a major plant to produce urea in Kakinada and counts among its former chairmen, a certain Field Marshall Sam Manekshaw, has piqued one's curiosity by the notice to the shareholders for its upcoming annual general...

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Now that Vikram has landed safely on the moon, and the Chandrayaan-3 mission is a resounding success, all of us have heaved a sigh of relief and turned to admiring the Indian space research organisation (ISRO) and its scientists.   Now it’s time to move away from the congratulations,...

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Connectivity => trade => wealth => power.   Ancient India had adopted this ‘formula’ with great success. Ships carried valuable produce both eastward to south-east Asia and westward to Egypt, the gateway to the Roman empire. A senator of ancient Rome had lamented that buying spices,...

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IANS 01 September 2023
India experienced its hottest and driest August in recorded history, according to the India Meteorological Department (IMD). Notably, this August marked the highest temperatures since 1901, with four out of five of the hottest August mean temperatures occurring in the past seven...

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IANS 01 September 2023
Global rating agency Moody's has raised India's growth forecast to 6.7 per cent from 5.5 per cent for 2023.   At the same time though, it has lowered the GDP forecast for 2024 from 6.5 per cent to 6.1 per cent.   "Since the second quarter out performance creates a high base in...

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IANS 01 September 2023
India's economic growth stood at 7.8 per cent in the first quarter (April-June) of the current fiscal, a steep fall from 13.1 per cent GDP growth recorded in the corresponding period of last year, according to data released by the ministry of statistics and programme implementation on...

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Tushar Kohli (The Leaflet) 31 August 2023
In Ms Jaising’s view, gender stereotyping “starts with pleadings, continues with oral arguments, and finally finds its way into judgements.”   —   “The older I got and the more experienced, the gender stereotyping began. It seems almost as if male colleagues are unable to deal...

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IANS 31 August 2023
The Supreme Court on Thursday issued a public advisory against a phishing attack after a fake website impersonating the official website of the top court was created and hosted on the Internet.   The notice said that the attackers were soliciting personal details and other...

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IANS 31 August 2023
The Enforcement Directorate (ED) on Thursday said that it has arrested Abhay Narendra Lodha , promoter and managing director of Topworth Steels and Power Pvt. Ltd. (TSPPL) and the Topworth Group in a bank loan fraud case and allegedly generating iRs 3000 crore through the Topworth group and...

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Moneylife Digital Team 30 August 2023
Maharashtra police have suspended seven personnel for giving special treatment during medical checkups to Kapil Wadhawan and Dheeraj Wadhawan, promoters of Dewan Housing Finance Ltd (DHFL). The Wadhawan brothers are currently in judicial custody and lodged at the Taloja prison in neighbouring...

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IANS 30 August 2023
The erratic monsoon, which is affecting sowing, and global developments will keep the food inflation at elevated levels and would also hit the demand in rural India owing to lower income and inflation, said CARE Ratings in a report.          ...

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IANS 30 August 2023
Ananya Tripathi, the CEO of the online coding provider WhiteHat Jr, the beleaguered platform under edtech giant BYJU's umbrella, has resigned from the company, marking another top-level exit at India's most-valued startup, a media report said on Wednesday.   According to Moneycontrol,...

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IANS 30 August 2023
India has witnessed driest weather conditions since 1901 in August this year, a senior meteorologist said, adding it was a clear result of the intensifying El Nino conditions.   "Rainfall in August was subdued due to the influence of El Nino, and this is expected to adversely affect...

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IANS 29 August 2023
The Central government on Tuesday told the Supreme Court that “Union Territory is not a permanent feature” after the Constitution Bench asked the Attorney General and Solicitor General to seek instructions from the Centre over the timeframe to restore statehood of the erstwhile state of Jammu...

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IANS 29 August 2023
US-based investment major Tiger Global, via its VC fund Internet Fund III Pte Ltd, has exited online food delivery platform Zomato by selling its entire shareholding for Rs 1,123.85 crore.   Tigal Global sold its remaining stake in Zomato via open market transactions on August 28,...

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IANS 28 August 2023
The board of directors of Reliance Industries Ltd (RIL), at its meeting held on Monday, considered and recommended to the shareholders for approval the appointment of Isha Ambani, Akash Ambani and Anant Ambani as non-executive directors of the Company. The board also accepted the resignation...

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IANS 28 August 2023
JioAirFiber will be launched on the auspicious occasion of Ganesh Chaturthi on September 19, giving the company another avenue for customer value and revenue growth in the untapped Indian home segment, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited, said on...

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