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financing: Lenders push to stay ahead of the curve in climate financing

RBI has given a glide path for adopting detailed disclosures from FY25 onwards. The central bank sees a need for a better, consistent and comparable disclosure framework for lenders, as inadequate information about climate-related financial risks can lead to the mispricing of assets and misallocation of capital.

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India defence startups: Newspace raises $52 mn, the largest equity raise for an Indian defence startup

Newspace Research & Technologies (NRT), a leading drone manufacturer in India's defence sector, has secured $52 million in a bridge round, marking a significant equity raise. The funding includes $33 million in equity from prominent investors and $19 million in debt facilities from SBIs startup hub and SIDBI. NRT, specializing in swarm drone technology, collaborates with the Ministry of Defence and aims for global expansion, having demonstrated swarm drone operations in Japan.

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domestic market growth: Positive economic outlook prevails for India's mid-market businesses despite global slowdown

India's mid-market businesses are expected to experience positive prospects in the coming year, according to a report by Grant Thornton. The International Business Report (IBR) revealed that nearly 80% of Indian mid-market businesses maintain a positive economic outlook, up from 78% in H1 2023. The growth is driven by India's domestic market and government initiatives like 'Make in India'.

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MH 60R helicopter: Indian Navy to bolster anti-submarine warfare capabilities with MH 60R helicopter induction

The Indian Navy is set to induct the MH 60R helicopter into its fleet next week, bolstering its Anti-Submarine Warfare (ASW) capabilities. The squadron will be commissioned under Captain M Abhisheik Ram, who said the induction will bring about a significant surge in the Navy's maritime prowess and capabilities. The MH 60R is designed for anti-surface warfare, search and rescue operations, medical evacuation, and vertical replenishment.

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Haldwani violence: Haldwani violence: Uttarakhand Police arrests son of 'mastermind' from Delhi

A fresh case was registered by the police against six persons including Abdul Malik, the alleged mastermind in the Haldwani violence, and his wife Safia charging them with criminal conspiracy and fraudulently using a dead man's name for illegal plotting, construction and transfer of land, the police had said.

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They act as BJP's cell, says Akhilesh Yadav on CBI summons

Samajwadi Party chief Akhilesh Yadav has accused the Central Bureau of Investigation (CBI) of acting as a "cell" of the Bharatiya Janata Party (BJP). Yadav made the comment in response to CBI summons regarding a mining case before the elections. He also criticised the BJP for alleged voter fraud in the Chandigarh mayoral poll.

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RBI issues revised norms to streamline bill payments process

These directions will be applicable from April 1, 2024 to banks, NPCI Bharat BillPay Limited and other non-bank payment system participants. Bharat Bill Payment System (BBPS) is an integrated bill payment platform which enables payment or collection of bills through multiple channels using various payment modes, like UPI, internet banking, cards, cash, and prepaid payment instruments.

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Citigroup to lay off 286 employees in New York, filing shows

Citigroup said in January it would cut 20,000 jobs over the next two years, while acknowledging a "clearly disappointing" quarter marred by one-off charges that resulted in a $1.8 billion loss. The lender is aiming to reduce its global workforce by roughly 8% through 2026, including layoffs from the reorganization, Chief Financial Officer Mark Mason told reporters at the time.

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Sheikh Shahjahan's arrest: Stage-managed drama: Oppn on expelled TMC leader Sheikh Shahjahan's arrest

West Bengal's opposition parties have criticized Trinamool leader Sheikh Shahjahan's arrest as a "stage-managed drama" despite celebrations in Sandeshkhali continuing. The arrest was viewed as a mutual arrangement between the police and Shahjahan, while CPI-M leaders argued that Shahjahan was already in the police's safety net. BJP Bengal leadership called the arrest a face-saving act, while CPI-M state secretary Mohd Salim criticized the arrest as a "face-saving activity."

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PM Modi to be in West Bengal tomorrow

The Prime Minister will also lay the foundation stones of multiple projects for strengthening of infrastructure at Syama Prasad Mookerjee Port, Kolkata worth about Rs 1000 crore. PM will also dedicate to the nation the project for augmentation of the firefighting system at oil jetties of Haldia Dock Complex under Syama Prasad Mookerjee Port.

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