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  • Startup funding in India drops 33% to USD 24 billion in 2022: Report Jan 11, 2023 03:45 PM IST

    Startup funding in India drops 33% to USD 24 billion in 2022: Report

    Global investors were still positive about the Indian startup ecosystem despite the global slowdown, as per the report titled 'Startup Tracker-CY 22'.

  • Kumar Mangalam Birla’s Hindalco to sell first bond in a decade Jan 11, 2023 02:21 PM IST

    Kumar Mangalam Birla’s Hindalco to sell first bond in a decade

    Hindalco Industries Ltd. is looking to sell a bond for as much as 7 billion rupees ($86 million), according to an exchange filing on Wednesday. If the transaction goes ahead, it would the firm’s first bond sale since 2012, Bloomberg-compiled data show.

  • Food Corporation of India 'corruption': CBI searches 50 locations; DGM arrested Jan 11, 2023 01:26 PM IST

    Food Corporation of India 'corruption': CBI searches 50 locations; DGM arrested

    The CBI on Wednesday launched a crackdown on alleged corruption in the Food Corporation of India, conducting searches at 50 locations in Punjab, Haryana and Delhi after arresting a DGM-ranked officer, officials said.

  • Commodities LIVE: Gold at 8-month high on dollar weakness | Strong buying by China, central banks Jan 11, 2023 01:06 PM IST

    Commodities LIVE: Gold at 8-month high on dollar weakness | Strong buying by China, central banks

    Where are the metals headed? Gold at 8-month high, watch commodities with Manisha Gupta for the latest updates only on Moneycontrol.

  • SC bans 'apartmentalisation' of residential units in Chandigarh Phase-I Jan 11, 2023 11:24 AM IST

    SC bans 'apartmentalisation' of residential units in Chandigarh Phase-I

    A bench of Justices B R Gavai and B V Nagarathna heard the case and rendered a decision applicable to Phase 1 of Chandigarh which is considered a heritage area, popularly also known as Corbusier Chandigarh.

  • The threat of a lost decade in development Jan 11, 2023 11:18 AM IST

    The threat of a lost decade in development

    A way has to be found to resolve the debt problems that are now emerging for the world’s most vulnerable

  • Uttar Pradesh govt to organise roadshows from January 15 to woo local investors Jan 11, 2023 11:06 AM IST

    Uttar Pradesh govt to organise roadshows from January 15 to woo local investors

    The roadshows, to be held till February 2, will be organised by the UP State Industrial Development Authority (UPSIDA), an official release said on Wednesday.

  • Greaves Cotton unveils new two-wheeler, three-wheeler EVs Jan 11, 2023 11:01 AM IST

    Greaves Cotton unveils new two-wheeler, three-wheeler EVs

    The company at the event unveiled three two-wheelers under Ampere brand series -- Ampere Primus, Ampere NXG and a multi-utility scooter Ampere NXU which can be also used for deliveries.

  • MG Motor India expects EVs to make up 25% of sales in 2023 Jan 11, 2023 10:34 AM IST

    MG Motor India expects EVs to make up 25% of sales in 2023

    SAIC Motor has previously said that it has a wide portfolio of new energy vehicles (NEVs), which include electric, hybrid and fuel cell cars, which MG can choose from to sell in India.

  • MC Insider: The next big pharma IPO, trader in trouble, life science firm in distress & more Jan 11, 2023 09:51 AM IST

    MC Insider: The next big pharma IPO, trader in trouble, life science firm in distress & more

  • Vivekananda, a Netflix show and investing Jan 11, 2023 09:25 AM IST

    Vivekananda, a Netflix show and investing

    Pursuing a simple idea ferociously is the key to success in business and investing

  • India’s foray into the EV battery lacks key ingredients Jan 11, 2023 08:20 AM IST

    India’s foray into the EV battery lacks key ingredients

    The government has unveiled incentives of at least $3.4 billion to expedite its lagging adoption of EVs as Prime Minister Narendra Modi vows to reach net zero by 2070.

  • Foreign cars muscle in on India’s EV market at Auto Expo 2023 Jan 11, 2023 08:16 AM IST

    Foreign cars muscle in on India’s EV market at Auto Expo 2023

    The prominence of foreign carmakers at India’s biggest auto show underscores the nation’s slow take up of electric vehicles.

  • Morning Scan: All the big stories to get you started for the day Jan 11, 2023 08:07 AM IST

    Morning Scan: All the big stories to get you started for the day

    A round-up of the biggest articles from newspapers

  • Google warns Android growth in India will stall due to antitrust order Jan 11, 2023 06:10 AM IST

    Google warns Android growth in India will stall due to antitrust order

    The Competition Commission of India (CCI) in October fined Alphabet Inc-owned Google $161 million for exploiting its dominant position in Android, which powers 97% of smartphones in India, and asked it to change restrictions imposed on smartphone makers related to pre-installing apps.

  • IDBI Bank divestment will conclude in first half of FY24: DIPAM Jan 10, 2023 06:12 PM IST

    IDBI Bank divestment will conclude in first half of FY24: DIPAM

    Bidders will move to the due diligence stage only after they clear the central bank’s fit and proper test.

  • RCAP Insolvency: Allowing a second auction will set a bad precedent Jan 10, 2023 06:07 PM IST

    RCAP Insolvency: Allowing a second auction will set a bad precedent

    The fact that applicants in a few Insolvency and Bankruptcy Code (IBC) code cases had to approach the courts to restrain lenders from considering bids that were made after the deadline is shameful. Such bids should automatically be thrown out or delays will be endemic

  • Glenmark launches generic version of diuretic with $16.5-million market Jan 10, 2023 01:57 PM IST

    Glenmark launches generic version of diuretic with $16.5-million market

    Glenmark Pharmaceuticals will launch single-dose and multi-dose vials of Bumetanide injection USP, the company has said

  • Byju’s seeks more time from lenders to recast $1.2 billion debt Jan 10, 2023 12:00 PM IST

    Byju’s seeks more time from lenders to recast $1.2 billion debt

    The creditors have until Tuesday to sign a forbearance agreement, which will give the company time till Feb. 10 to negotiate broader terms on the term loan, the people said, asking not to be identified as the information isn’t public.

  • Park+ raises Rs 140 crore for business expansion to over 100 cities, hire 200 people Jan 10, 2023 11:59 AM IST

    Park+ raises Rs 140 crore for business expansion to over 100 cities, hire 200 people

    The company plans to utilise the fund to expand its presence to over 100 cities, to hire more than 200 employees and expand its services verticals, Park+ said in a statement.

  • Loan fraud case: Chanda Kochhar, her husband Deepak Kochhar released from jail Jan 10, 2023 11:03 AM IST

    Loan fraud case: Chanda Kochhar, her husband Deepak Kochhar released from jail

    Chanda Kochhar walked out of the Byculla women's prison in Mumbai, while her husband was released from the Arthur Road jail, the official said.

  • Startup India Innovation Week begins today Jan 10, 2023 11:03 AM IST

    Startup India Innovation Week begins today

    Aimed at encourage entrepreneurship and innovation, the Startup India Innovation Week will conclude on the National Startup Day on January 16

  • Glenmark Pharmaceuticals launches generic version of diuretic Bumetanide injection Jan 10, 2023 10:58 AM IST

    Glenmark Pharmaceuticals launches generic version of diuretic Bumetanide injection

    In a statement the company said Glenmark Pharmaceuticals Inc., USA (Glenmark) launched Bumetanide Injection of strengths of 1 mg/4 mL (0.25 mg/mL) single-dose vials and 2.5 mg/10 mL (0.25 mg/mL) multi-dose vials.

  • Institutional investments in retail real estate jumps over 6-fold to $492 million in 2022: Report Jan 10, 2023 10:56 AM IST

    Institutional investments in retail real estate jumps over 6-fold to $492 million in 2022: Report

    In 2021, the retail real estate had attracted only USD 77 million institutional investments because of an adverse impact of the COVID pandemic on the businesses in shopping malls.

  • Adani nears purchase of bankrupt Mumbai builder at 98% discount Jan 10, 2023 09:58 AM IST

    Adani nears purchase of bankrupt Mumbai builder at 98% discount

    Adani offered to pay 319.7 million rupees ($4 million) to financial creditors, compared with their ask for 16.58 billion rupees and 15.2 million rupees to employees, the person said, asking not to be identified as the details are private.