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Cost of EVs to match petrol, diesel vehicles in about 2 years: Nitin Gadkari
Business

Cost of EVs to match petrol, diesel vehicles in about 2 years: Nitin Gadkari

New Delhi, Sep 9: As the adoption of electric vehicles (EVs) increase in the country, the cost of EVs will almost match petrol and diesel vehicles within the next two years, Union Minister for Road Transport and Highways, Nitin Gadkari, said on Monday. Addressing an event here organised by the...
Hackers behind Rs 2,000 crore WazirX theft begin laundering stolen assets
Business

Hackers behind Rs 2,000 crore WazirX theft begin laundering stolen assets

New Delhi, Sep 7: The hackers behind the Rs 2,000 crore (about $234 million) WazirX theft have started withdrawing the stolen digital assets and have reportedly laundered more than $12 million via Tornado Cash platform. According to Blockchain security firm Cyvers, more than $12 million in Ethereum...
IIT Bombay secures record Rs 700 crore fund for research and development
Business

IIT Bombay secures record Rs 700 crore fund for research and development

New Delhi, Sep 7: The Indian Institute of Technology (IIT) Bombay secured a record Rs 700 crore as an annual grant for research and development in 2023-24. This is the highest funds received in the last three years. In 2022-23, the institute received Rs 576 crore, and Rs 502 crore in 2021-22. The...
India pips China to become largest weight in MSCI Emerging Market IMI
Business

India pips China to become largest weight in MSCI Emerging Market IMI

Mumbai, Sep 6: Strong fundamentals have helped India pip China in the MSCI EM Investable Market Index (IMI) to become the largest weight. The world’s fastest-growing economy is also set to surpass China as the top weight in the broader MSCI Emerging Markets index too.The MSCI Emerging Markets IMI...
Sensex trades lower amid mixed global cues
Business

Sensex trades lower amid mixed global cues

Mumbai, Sep 6: Indian equity indices opened lower on Friday following mixed cues from global markets. At 9.48 a.m., Sensex was down 430 points or 0.52 per cent at 81,771 and Nifty was down 118 points or 0.48 per cent at 25,023. The broader market trend remains positive. On the National Stock...
Demat accounts rise to 171 million in August, up 4 million
Business

Demat accounts rise to 171 million in August, up 4 million

New Delhi, Sep 6: India's total demat accounts continue to rise, with over four million new ones added in August, as per the depositories’ data. National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) data showed that the total number of demat accounts in the...
Rapido raises $200 mn to expand operations, scale tech platform
Business

Rapido raises $200 mn to expand operations, scale tech platform

New Delhi, Sep 5: Homegrown ride-sharing platform Rapido on Thursday said it has raised $200 million in its Series E funding, taking its valuation to over $1.1 billion. The funding round was led by WestBridge Capital, and also saw participation from existing investor Nexus, along with new investors...
Indian beauty, personal care mkt to soar higher than China, Japan, South Korea
Business

Indian beauty, personal care mkt to soar higher than China, Japan, South Korea

New Delhi, Sep 5; India is set to become one of the world's most influential markets for beauty and personal care soaring higher than China, the US, Japan, and South Korea, according to a report. The report by online beauty and fashion marketplace Nykaa showed that India is set to see a 10-11 per...
Indian women leading 18pc of 111 unicorns in India: FM
Business

Indian women leading 18pc of 111 unicorns in India: FM

Chennai, Sep 5: Indian women are rising the corporate ladder as they are leading about 18 per cent of 111 unicorns (valued at $1 billion) in the startup and financial technology space, said Nirmala Sitharaman, Union Finance Minister. Speaking at a conference organised by the FICCI-FLO Chennai...
From India to South Korea, crypto exchanges under regulatory lens
Business

From India to South Korea, crypto exchanges under regulatory lens

Seoul, Sep 3: The financial regulator here said on Tuesday it will soon launch an inspection of virtual asset exchanges to check for any illegal or unfair transactions, as India cracks down on crypto platforms. The planned inspection will be the first of its kind since the country introduced tougher...
Sensex trades flat, FMCG stocks gain
Business

Sensex trades flat, FMCG stocks gain

Mumbai, Sep 3: Indian equity indices were trading flat on Tuesday following mixed sentiments in the markets. At 9:51 a.m., Sensex was down 76 points or 0.09 per cent at 82,483 and Nifty was down 17 points or 0.07 per cent at 25,261. The broader market trend remains positive. On the Bombay Stock...
Adani Green, TotalEnergies sign $444 mn JV to boost solar energy portfolio
Business

Adani Green, TotalEnergies sign $444 mn JV to boost solar energy portfolio

Ahmedabad, Sep 3: Adani Green Energy Limited (AGEL) has announced a strategic joint venture (JV) with TotalEnergies, involving an investment of $444 million into a new entity. The JV is aimed at managing a portfolio of solar projects totalling 1,150 MW. Adani Green and TotalEnergies will each own 50...
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