Aero India 2023: Rajnath Singh hardsells India advantage for defence sector to global OEM CEOs

Bengaluru (IANS) Union defence minister Rajnath Singh on Tuesday listed competitive land costs, skilled human capital, a vibrant start-up ecosystem and a huge domestic defence market among the advantages that India offers the global defence industry.…

India's PokerBaazi suffers security lapse, users' data exposed: Researcher

New Delhi (IANS) PokerBaazi, India's biggest online poker platform, suffered a significant security lapse after an internal database containing sensitive user information was left exposed online for more than 2 months, a cyber-security researcher…

Homegrown EV mobility solutions provider Magenta Mobility raises $40 mn

New Delhi (IANS) Homegrown EV charging and mobility solutions company Magenta Mobility has raised $40 million in its Series B funding in a mix of equity and debt, the media reported.

Backed by Microsoft's global startup programme, the company…

88% of Rs 14K cr AIF funding goes to startups in 5 states; K'taka tops list

New Delhi (IANS) Nearly 88 per cent of the investments made by Alternative Investment Funds (AIFs) under the Startups FFS (Fund for Funds) Scheme have gone to five states. Karnataka has topped the list of states with an investment of Rs 4,687 crore…

Adani fights back - and it's helping

Ever since the Adani Enterprises Limited Follow-On Offer opened on January 27, the group has been on the backfoot post the Hindenburg report questioning it and its finances.

The aftershocks of the report rattled the group and its impact…

Inside India's first rapid rail service that gets operational in three weeks

New Delhi (IANS) The country's first rapid rail with amenities similar to an airplane will start running from Sahibabad in Ghaziabad to Duhai Depot from March, 2023.

It will be run on 17-km stretch of Sahibabad, Ghaziabad, Guldhar, Duhai…

Regulators are experts in their domain, says FM on Adani row

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Saturday said that regulators in India are quite experienced and experts in their domain.

She said this when asked to react to Supreme Court's observation on the Hindenburg-Adani group…

Electric 2-wheelers grew 300% in India in 2022: Report

New Delhi (IANS) The automotive electric 2-wheelers (E2W) market grew by more than 300 per cent (year-on-year) in CY2022, a report has said.

By 2025, the share of E2Ws and connected 2-wheelers (C2W) will both cross 50 per cent.

The share…

'How do we protect interest of Indian investors', SC seeks Sebi's response on Hindenburg report

New Delhi (IANS) The Supreme Court on Friday observed that there is a need for a robust regulatory framework to protect the interest of the investors and if Centre agrees, a committee may be set up to suggest regulatory improvements.

The Supreme…

RBI's 25 bps rate hike to increase home loan EMI

Chennai (IANS) The 25 basis points (bps) hike in the repo rate by the Reserve Bank of India (RBI) will result in an additional equated monthly instalment (EMI) of Rs 16 per lakh, said a top official of Sundaram Home Finance.

The RBI on Wednesday…