Torrent Group to appeal against NCLAT order in Reliance Capital matter in SC

Chennai (IANS) With the Committee of Creditors (CoC) for the bankrupt Reliance Capital Ltd set for the second round of Challenge Mechanism on March 20, the Torrent Group, one of the suitors, is likely to mention their plea in the apex court on Monday.

Silicon Valley Bank collapse leaves Indian startups worried

New Delhi (IANS) The collapse of Silicon Valley Bank (SVB) in the US has left several Indian startups worried who have exposure to its investments and their raised funds may now be stuck.

According to recent data by global software-as-a-service…

India-US ink pact for setting up semiconductor supply chain

New Delhi (IANS) India and the US on Friday inked an agreement for establishing semiconductor supply chain and innovation partnership under the framework of India - US Commercial Dialogue.

The agreement was signed between Commerce Minister…

India-Australia to finalise economic cooperation agreement by this year

New Delhi (IANS) Australian Prime Minister Anthony Albanese on Friday said that his country and India have agreed on an early conclusion of the ambitious comprehensive economic cooperation agreement, expecting it to be finalised by this year itself.

Industrial output rises to 5.2% in January

New Delhi (IANS) India's industrial output or index of industrial production (IIP) went up by 5.2 per cent in January, according to data released on Friday by the statistics ministry. It was 4.7 per cent in December 2022.

For the April-January…

Torrent to move SC against NCLAT order allowing RCap's second auction

New Delhi (IANS) The Torrent Group, a bidder of bankrupt firm Reliance Capital (RCap), has decided to move the Supreme Court challenging the National Company Law Appellate Tribunal's (NCLAT) order to hold a second round of auction for RCap assets.

Cryptocurrency transactions to come under money laundering provisions: Govt

New Delhi (IANS) Any participation in transactions involving virtual digital assets or cryptocurrency, would come under the Prevention of Money Laundering Act or PMLA, the Centre has said.

This was announced through a gazette notification,…

India's per capita income doubles since 2014-15

New Delhi (IANS) Since 2014-15 when the NDA government came to power at the Centre, the nation's per capita income has doubled to Rs 1.72 lakh.

According to National Statistics Office (NSO) data, the per capita income in terms of net national…

33?bt investments made in FY 22 were to women-led enterprises and impact businesses: Caspian Debt

New Delhi (IANS) The Indian startup ecosystem has evolved dynamically over the last two decades, demonstrating a rapid growth trajectory. However, despite the rapid growth of the startup ecosystem, there are certain challenges that are still left…

Domestic gas cylinder prices up by 56% in 4 years; hefty drop in subsidy

New Delhi (IANS) While a recent hike of Rs 50 in the price of the 14.2 kg domestic liquefied petroleum gas (LPG) cylinder led to the cost of the cylinder touching Rs 1,103, data has disclosed that the price has registered a rise of nearly 56 per cent…