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Akasa Air Teams Up with CAE for Boeing 737MAX Pilot Training

Akasa Air has forged a long-term partnership with CAE to conduct pilot training for Boeing 737MAX aircraft at CAE's facilities in India. Over the next 15 years, Akasa Air will make use of CAE's training resources, including instructors and full-flight simulators. The agreement comes on the heels of Akasa Air's recent announcement in mid-February of its plans to venture into international operations. In January, the Indian airline expanded its horizons by adding two Boeing 737 MAX 8 aircraft to its fleet. Rumors abound that the Indian budget carrier is on the verge of placing an order for approximately 150 Boeing 737 MAX narrowbody planes, aiming to capitalize on the burgeoning travel demand in the world's fastest-growing aviation market. Vinay Dube, Founder and CEO of Akasa Air, expressed enthusiasm about the partnership, stating, As we anticipate a significant influx of aircraft over the next decade, this collaboration will grant us access to top-notch training facilities for the next 15 years, aiding us in cultivating a team of highly skilled and experienced pilots, as we strive to establish ourselves as one of the world's safest airlines. Since the launch of Akasa Air's operations in 2022, CAE has been actively involved in training its pilots, offering infrastructure support and a comprehensive simulation training curriculum. Nick Leontidis, Group President of Civil Aviation at CAE, commented, This long-term agreement underscores the excellence of our pilot training programs and the strong partnership we have developed with Akasa within a relatively short span of time. With a significant presence in India, CAE operates 13 simulators across three commercial aviation training centers, delivering crucial pilot training services to Indian airlines. In 2023, CAE achieved recognition as a Boeing Authorized Training Provider for Boeing's Competency-Based Training and Assessment (CBTA) curriculum in India.

News Track 19 Mar 2024 1:35 pm

Unilever plans to spin off Ice Cream business, sack 7,500 to cut costs

Unilever Plc is set to spin off its ice cream business, home to beloved brands like Ben & Jerrys and Magnum, in a cost-cutting move that will result in 7,500 job losses. This strategic separation aims to create a more focused Unilever and a leading standalone ice cream business with robust growth prospects. CEO Hein Schumacher is steering a wider restructuring effort to drive growth, with the company targeting 800 million in cost savings over the next three years.

The Economic Times 19 Mar 2024 1:32 pm

Airtel, SBI, Zomato on Jefferies hotlist for 5 years

Jefferies has identified 11 stocks set to benefit from long-term macro trends like capital expenditures, government manufacturing initiatives, and financialisation.

Rediff 19 Mar 2024 1:30 pm

Exclusive: Atlan raises $6.5 million from WaterBridge Ventures

Data collaboration software provider Atlan has raised $6.5 million from WaterBridge Ventures. The fundraise is part of the extended Series B round, during which it raised $50 million, led by Salesforce Ventures in March 2022. The board at Atlan has passed a special resolution to issue 24,092 Series B preference shares to raise $6.5 million, Continue reading Exclusive: Atlan raises $6.5 million from WaterBridge Ventures The post Exclusive: Atlan raises $6.5 million from WaterBridge Ventures appeared first on Entrackr .

entrackr 19 Mar 2024 1:25 pm

How pig butchering scam is taking a toll on investors

Too many fake apps and websites are luring investors with promises of huge returns.

Livemint 19 Mar 2024 1:22 pm

Looking at high single-digit volume growth : UB MD

The Economic Times 19 Mar 2024 1:10 pm

India buying more US oil as sanctions stifle Russian flows

State-owned Bharat Petroleum Corp. and Indian Oil Corp., along with top private refiner Reliance Industries Ltd., have purchased about 7 million barrels of April-loading US crude so far this month, said traders who asked not to be identified.

Money Control 19 Mar 2024 12:56 pm

Relso raises $840K in pre-Seed round led by Venture Catalysts, IPV

Bengaluru-based Relso has raised $840,000 in a pre-seed round co-led by Ventures Catalysts and Inflection Point Ventures. Investors such as Ramakant Sharma (Livspace founder and Global COO), Shantanu Deshpande (Bombay Shaving Co-founder), and Saurabh Jain (Livspace India CEO) also joined the round. The fresh capital will be used for expansion, talent acquisition, team and more, Continue reading Relso raises $840K in pre-Seed round led by Venture Catalysts, IPV The post Relso raises $840K in pre-Seed round led by Venture Catalysts, IPV appeared first on Entrackr .

entrackr 19 Mar 2024 12:51 pm

A high CIBIL score offers 7 key advantages to borrowers

Banks often prefer borrowers with high credit scores as they indicate a lower risk of default. Thus, having a high CIBIL score increases your chances of getting approved for loans, credit cards, and other forms of credit.

Livemint 19 Mar 2024 12:42 pm

Can rent payments influence your credit score? An explainer

For a fee, a number of agencies allow tenants to get their rent payments reported to credit rating agency such as CIBIL.

Livemint 19 Mar 2024 12:41 pm

Hope for Bengaluru water crisis: Cauvery V project

The Economic Times 19 Mar 2024 12:32 pm

Brij Hotels raises $4 Mn in Series A funding round

Boutique hotels Brij Hotels has picked up $4 million in Series A round co-led by the Manipal Education & Medical Group (MEMG) Family Office. High net worth individual investors including Abhay Jain, Bain Capital MD Abhiroop Jayanthi , Rajendra Rao, and Prashant Deshpande also joined the companys new financing. The company plans to utilise the Continue reading Brij Hotels raises $4 Mn in Series A funding round The post Brij Hotels raises $4 Mn in Series A funding round appeared first on Entrackr .

entrackr 19 Mar 2024 12:19 pm

Pro-Khalistani-gangster nexus similar to Dawood-Chhota Rajan rivalry that led to '93 blasts, NIA probe finds

The two main gangs at loggerheads now are those of Lawrence Bishnoi and Kaushal Chaudhary, similar to the rivalries of underworld dons Dawood and the now jailed Chhota Rajan. The federal agency is investigating more than a dozen cases involving terrorist-gangster syndicates and PKEs and have arrested more than 45 suspects. ET joins the dots.

The Economic Times 19 Mar 2024 12:05 pm

Navjot Singh Sidhu is back as commentator for IPL 2024. Here are details

Navjot Singh Sidhu joins Star Sports for IPL commentary starting March 22. He will cover various venues including Jaipur, Ahmedabad, Bengaluru, Lucknow, Vizag, and Mumbai.

The Economic Times 19 Mar 2024 12:02 pm

Sprih raises $3 Mn in seed round led by Leo Capital

Climate tech startup Sprih has raised $3 million in its seed round led by Leo Capital, with participation from a few individual entrepreneurs and climate experts. The proceeds will be used for sales and marketing activities to support the global expansion efforts, the startup said in a press release. Additionally, it will also deploy funds Continue reading Sprih raises $3 Mn in seed round led by Leo Capital The post Sprih raises $3 Mn in seed round led by Leo Capital appeared first on Entrackr .

entrackr 19 Mar 2024 11:55 am

Congress approaches Delhi HC against tax re-assessment proceedings

The Congress party has taken legal action against tax reassessment proceedings by authorities, filing a case in the Delhi High Court. The matter was presented before a bench led by Acting Chief Justice Manmohan, who agreed to hear it the following day.

The Economic Times 19 Mar 2024 11:54 am

Why Sensex, Nifty crashed on Tuesday morning

From the Sensex basket, Tata Consultancy Services, Nestle, Bajaj Finserv, Wipro, Maruti Suzuki India, Reliance Industries, Larsen and Toubro and NTPC were the major laggards. Tata Steel, Bajaj Finance, JSW Steel and Bharti Airtel were among the gainers.

Rediff 19 Mar 2024 11:14 am

Eupheus Learning reports Rs 99 Cr revenue in FY23; improves economics

B2B edtech firm Eupheus Learning is among a handful of edtech startups that managed to grow exponentially with sound economics. The company grew 4X in its last two fiscal years: rising to Rs 99 crore in FY23 from Rs 23 crore in FY21. When it comes to YoY growth, Eupheus Learnings revenue from operations increased Continue reading Eupheus Learning reports Rs 99 Cr revenue in FY23; improves economics The post Eupheus Learning reports Rs 99 Cr revenue in FY23; improves economics appeared first on Entrackr .

entrackr 19 Mar 2024 10:57 am

Qila aims to lead the charge for blockchain-as-a-service industry

In India, the adoption of blockchain technology is steadily growing across various sectors, including finance, supply chain management, healthcare, and government services. As the Indian blockchain ecosystem continues to evolve, Blockchain as a Service (BaaS) is expected to play a significant role in driving innovation and digital transformation across various sectors. Qila, founded by Sid Continue reading Qila aims to lead the charge for blockchain-as-a-service industry The post Qila aims to lead the charge for blockchain-as-a-service industry appeared first on Entrackr .

entrackr 19 Mar 2024 10:27 am

Pick from these 6 large, midcap banks: Sanjiv Bhasin

The Economic Times 19 Mar 2024 10:20 am

In 2024, more funding for startups : Bikhchandani

The Economic Times 19 Mar 2024 9:40 am

Focus on top 500 cos, stagger investment: Kothari

The Economic Times 19 Mar 2024 9:24 am

Nowruz 2024: Google celebrates Persian new year with doodle

The Economic Times 19 Mar 2024 8:55 am

Why Indias FDI inflow is slowing down, and measures to deal with it

India has not realised its full potential when it comes to attracting long-term foreign capital. Reforms in ease of doing business, expediting investment protection treaties with major FDI suppliers, and allowing the rupee to gradually and steadily depreciate to incentivise exports, can help India

Money Control 19 Mar 2024 8:44 am

Why Indias FDI inflow is slowing down, and measures to deal with it

India has not realised its full potential when it comes to attracting long-term foreign capital. Reforms in ease of doing business, expediting investment protection treaties with major FDI suppliers, and allowing the rupee to gradually and steadily depreciate to incentivise exports, can help India

Money Control 19 Mar 2024 8:44 am

IMD has rainfall warning for these states

The India Meteorological Department has forecast heavy rainfall in some places in Odisha, Andhra Pradesh, Telangana, Chhattisgarh, Gangetic West Bengal and Jharkhand over the next few days. The IMD said that a cyclonic system is located over the western part of Vidarbha, while a trough or disturbance in the wind pattern extends from southern Tamil Nadu to western Vidarbha. Another trough runs from Jharkhand to the northern coast of Andhra Pradesh in the lower layers of the atmosphere. Meanwhile, an anti-cyclonic circulation is situated over the West Central region and the adjacent Northwest Bay of Bengal off the coast of Odisha in the lower troposphere.Due to these weather conditions, scattered to fairly widespread light to moderate rainfall is highly probable over Gangetic West Bengal and Odisha from the 19th to the 21st of March. Isolated thunderstorms, lightning, and gusty winds are likely during this period, with the possibility of hailstorms and squalls with speeds reaching 50-60 kmph on the 19th of March, 2024, IMD said. Telangana is expected to experience scattered to fairly widespread light to moderate rainfall with isolated thunderstorms and lightning from the 19th to the 20th of March, with the possibility of hailstorms on the 18th and 19th. Coastal Andhra Pradesh and Yanam are also likely to experience similar weather conditions from the 19th to the 21st of March, 2024. Isolated heavy rainfall is also anticipated over these areas on the 20th of March, 2024.Similar weather patterns are anticipated over Jharkhand, Vidarbha, Chhattisgarh, and East Madhya Pradesh till 20th of March, with Bihar experiencing these conditions from the 18th to the 21st of March, 2024. Isolated hailstorms are also expected over Vidarbha, East Madhya Pradesh, and Chhattisgarh on the 18th and 19th, and over Jharkhand on the 19th of March, 2024. Thundersqualls with speeds reaching 50-60 kmph are likely over East Madhya Pradesh on the 18th and 19th of March.Weather Forecast for TelanganaExpect light to moderate rainfall with thunderstorms and lightning, with winds reaching 50-60 kmph at some places on the 18th and 19th of March, according to IMD. On the 20th of March, anticipate gusty winds at a few spots, with speeds reaching up to 40-50 kmph. There's a possibility of heavy rainfall at isolated places on the 20th of March, along with hailstorms at some locations on the 18th and 19th of March.Weather Forecast for Andhra PradeshSimilar to Telangana, there will be light to moderate rainfall accompanied by thunderstorms and lightning, with wind speeds reaching 50-60 kmph at isolated places on the 18th and 19th of March. Gusty winds are expected at a few spots on the 20th of March, with speeds reaching up to 40-50 kmph. Heavy rainfall is likely at isolated places on the 20th of March, IMD said. Weather Forecast for OdishaAnticipate light to moderate rainfall with thunderstorms and lightning at isolated places, along with gusty winds reaching 50-60 kmph. On the 20th of March, expect gusty winds at many locations with speeds up to 40-50 kmph, according to IMD. There's a chance of light to moderate rainfall at isolated places on the 21st and 22nd of March. Heavy rainfall is likely at isolated places on the 19th and 20th of March.

The Economic Times 19 Mar 2024 8:33 am

What to make of sharp GDP variations in election year

Questions will be raised over why those changes take place and whether non-economic factors are at play, says A K Bhattacharya.

Rediff 19 Mar 2024 8:30 am

Silicon Valley NRIs pray for Modi's re-election

The Economic Times 19 Mar 2024 8:03 am

Best FD rate? This bank is offering 9.25% on fixed deposits for senior citizens

North East Small Finance Bank announces attractive fixed deposit rates

Livemint 19 Mar 2024 7:52 am

Boutique properties boom: HNIs showing great interest in exclusive properties for celebrations

According to travel industry experts and property owners, there is a growing demand for bulk bookings of entire boutique properties costing Rs 3 lakh per night to as much as Rs 10 lakh. Some are even using private charters for group travels. These bespoke holidays are either for exclusive reunions, celebrations or simply to enjoy leisurely getaways during long weekends, fuelling a trend of luxurious seclusion.

The Economic Times 19 Mar 2024 5:30 am

How China, Russia and Iran are forging closer ties

Assessing the economic threat posed by the anti-Western axis

The Economist 19 Mar 2024 1:22 am

How to manage a demat account efficiently? Here are 5 ways

Equity investment is rising due to shifting preferences, especially among millennials. Factors include mobile trading platforms, regulatory initiatives, and young Indians' willingness to take risks. With a surge in demat accounts, vigilance is key to safeguard investments from potential threats.

Livemint 19 Mar 2024 12:58 am

Big poll spends unlikely to lift rural demand

Economists suggest that rural consumption in India needs further government support and sustained capital expenditure to become broad-based in the coming quarters. The upcoming general election is unlikely to provide a significant boost to consumption. Instead, broader economic growth, easing inflation pressures, and government measures such as rationalizing GST rates and increasing allocations to rural schemes could support demand. Automakers also do not expect a huge sales boost from the elections, as historical data shows no real correlation between election years and sales.

The Economic Times 19 Mar 2024 12:15 am

IL&FS moves NCLAT seeking protection for cos

The Economic Times 18 Mar 2024 11:37 pm

UN chief warns against 'sequel to 'Oppenheimer''

The Economic Times 18 Mar 2024 9:29 pm

Govt allows urea imports by state-owned fertiliser companies till March' 25

The Directorate General of Foreign Trade (DGFT) in a notification, said that import of urea (for agriculture purpose) on government account shall be allowed either by designated state trading enterprises (STE) itself, or other entities authorised by the fertilizers department.

The Economic Times 18 Mar 2024 8:26 pm

Are DTAA benefits applicable to MFs?

The allocation of taxation rights under the capital gains article of the DTAA is usually not concerned with the source of investment, rather it is dependent upon the situs (location) of the asset or the residence of the alienator (seller) of the asset at the time of sale.

Livemint 18 Mar 2024 8:20 pm

Sushant Goel steps down as Third Wave Coffee CEO; Rajat Luthra to replace him

Third Wave Coffees co-founder and chief executive officer Sushant Goel has stepped down as the firms CEO role and transitioned to a board member. KFC India and Nepal CEO Rajat Luthra will replace Goel, effective from the first quarter of the next fiscal year (FY25). The development has come after six months of the firms Continue reading Sushant Goel steps down as Third Wave Coffee CEO; Rajat Luthra to replace him The post Sushant Goel steps down as Third Wave Coffee CEO; Rajat Luthra to replace him appeared first on Entrackr .

entrackr 18 Mar 2024 6:58 pm

In absence of black swans, markets may rise further

Since March 2020, when the Nifty50 plummeted to 7,511 following the announcement of a nationwide lockdown, the stock market has been on an upward trajectory. Over the next four years, the major market index has delivered a remarkable compounded annual growth rate (CAGR) of over 31.5 per cent. In the past year alone, the Nifty50 has gained by 27 per cent, hitting a succession of record highs.

Rediff 18 Mar 2024 6:48 pm

How to transfer shares from one demat account to another? Here's a step-by-step guide

Transferring shares from one demat account to another is an important feature used by multiple investors. Here are the advantages as well as the online and offline process for making the transfer.

Livemint 18 Mar 2024 6:09 pm

Why India's polls this year will take this long

The Economic Times 18 Mar 2024 5:28 pm

What is commodity trading and can I start this trade through a demat account?

Commodity trading stands as a time-honored financial practice deeply rooted in the foundation of global commerce, offering a distinct investment avenue compared to traditional stocks or bonds.

Livemint 18 Mar 2024 5:22 pm

Remarkable features of Vande Bharat trains: Have you experienced yet?

Vande Bharat express train features: What are the best features of vande bharat? How is the food quality of vande bharat?

The Economic Times 18 Mar 2024 5:21 pm

BJP accuses Cong of violating Code of Conduct

The Economic Times 18 Mar 2024 5:19 pm

Sensex ends up 105 points; metal, auto shares shine

From the Sensex basket, Tata Steel jumped over 5 per cent. Mahindra and Mahindra, JSW Steel, Tata Motors, Axis Bank, Sun Pharma, Reliance Industries and Maruti were the other biggest gainers. Infosys, Tata Consultancy Services, Titan, Wipro, Hindustan Unilever and Nestle were among the laggards.

Rediff 18 Mar 2024 5:06 pm

Demat Accounts: How does dematerialisation benefit investors? MintGenie explains

Indian capital market growth in the 1990s led to challenges with paper-based transactions. The Depositories Act of 1996 established depository systems like NSDL and CDSL, enabling dematerialisation of physical shares into electronic form.

Livemint 18 Mar 2024 4:43 pm

Mint and GoalTeller launch coffee table book '20 Personal Finance Strategies

The book is a collection of Mints popular daily personal finance infographics. It covers tips to make your money go further.

Livemint 18 Mar 2024 3:37 pm

Tata Sons' net debt burden at eight-year low

Tata Sons Private Limited, the holding company of the Tata group, witnessed a precipitous drop in its net debt to Rs 5,656 crore in the 10 months ended January this year, as its cash reserves burgeoned to Rs 9,516 crore during this period. Eight years ago, in 2015-16, Tata Sons reported a net debt of Rs 5,132 crore; from March 2017 until March 2023, this figure was above the Rs 14,700 mark, peaking at Rs 27,437 crore at the end of March 2019, according to data sourced from Capitaline. The company's gross debt nearly halved to Rs 15,173 crore until January 2024 on a standalone basis, down from a peak of Rs 31,363 crore reported in the financial year ended March 2019.

Rediff 18 Mar 2024 3:20 pm

India cant match Chinas past 8-10% growth, Morgan Stanley says

Indias economy will likely grow steadily at 6.5%-7% over the long term, Chetan Ahya said in interview Monday with Bloomberg Televisions Haslinda Amin. The South Asian nation is also far from replacing its bigger rival as a global manufacturing hub, he added.

Money Control 18 Mar 2024 2:58 pm

Top 6 smallcap MFs to take time to liquidate 50%

The country's six largest smallcap schemes would require more than 20 days to liquidate half of their holdings, despite most of them maintaining high cash levels and having considerable exposure to more liquid largecap stocks, stress tests conducted by fund houses reveal. For midcap funds, the time required to sell half of the assets of the top six schemes varies between seven and 34 days, according to disclosures made by asset management companies. The Securities and Exchange Board of India (Sebi) had called for such tests in the face of strong inflows into smallcap and midcap funds, despite concerns over high valuations, to keep investors better informed.

Rediff 18 Mar 2024 2:52 pm

How RBIs latest rules on credit card billing cycle impact you

Know your billing dates and clear all outstanding dues to get the benefit of interest-free period.

Livemint 18 Mar 2024 2:49 pm

India cant match Chinas past 8-10% growth, Morgan Stanley says

Morgan Stanley predicts India won't match China's past high growth rates, foreseeing a steady 6.5%-7% growth due to infrastructure and workforce limitations. Despite this, India's economic prospects are positive, resembling the mid-2000s boom. However, replacing China as a manufacturing hub seems unlikely. India's recent growth and potential rate cuts by the Reserve Bank of India are key factors to watch.

The Economic Times 18 Mar 2024 2:48 pm

Financial goals and the buckets of investing

Bucketing not only helps you manage cash flow but also improve risk adjusted returns.

Livemint 18 Mar 2024 2:34 pm

Lok Sabha Polls: Kamal Nath's close aide Syed Zafar, various other MP Congress functionaries join BJP

Lok Sabha Elections 2024: Close associates of former Madhya Pradesh CM Kamal Nath and Congress members switched to BJP ahead of Lok Sabha elections. Former Congress spokesperson Syed Zafar joined BJP in Bhopal. Other Congress members and BSP state in-charge also joined BJP citing PM Modi's welfare schemes.

The Economic Times 18 Mar 2024 1:59 pm

New scheme for EVs may put global majors in fast lane

The new scheme, promoting manufacturing of electric vehicles (EVs) by global majors, will give a fillip to companies like Tesla and its upstart rival Vinfast, both of whom have lobbied for lower import duties from the Centre. While Vinfast has already announced an investment of Rs 4,000 crore to set up an electric vehicle (EV) plant in Tamil Nadu, Tesla's next move will be watched carefully. Four years ago, Musk announced that his company would come to India.

Rediff 18 Mar 2024 1:52 pm

FLY91, India's newest airline, hits the skies

FLY91, the newest addition to the India's aviation industry, on Monday started its commercial services. The airline's inaugural flight took off from Goa's Manohar International Airport at 07:55 am, bound for Kempegowda International Airport in Bengaluru. Additionally, on its maiden day of operations, Fly91 also successfully flew its first route to Sindhudurg from Bengaluru.FLY91 is initially flying between Goa, Hyderabad, Bengaluru, and Sindhudurg. They will later add flights to Agatti, Jalgaon, and Pune in April. They'll operate flights between Goa and Bengaluru on Monday, Friday, and Saturday, with a similar schedule for Bengaluru-Sindhudurg routes. Additionally, they'll fly between Goa and Hyderabad, as well as Sindhudurg and Hyderabad twice a week.We at FLY91 are incredibly proud to launch our inaugural commercial flight, symbolizing our commitment to connecting India in a way that has never been done before. This inaugural flight is not just about reaching a destination; it's about taking flight with the dreams and aspirations of a nation, said Manoj Chacko, Managing Director and Chief Executive Officer.FLY91 is a regional carrier and it seeks to enhance air connectivity from tier 2 and tier 3 towns across India.FLY91's debut in the world's third-largest civil aviation market comes at a time when the Asian country is aiming to ascend as the foremost aviation market globally by the decade's end, despite challenges faced by some airlines.However, Fly91 aims to get into a segment which the government has been trying to push, especially via its regional connectivity scheme called UDAN.FLY91 has been assigned its initial routes as part of the government's Regional Connectivity Scheme (RCS) UDAN. These routes encompass destinations such as Sindhudurg, Jalgaon, and Nanded in Maharashtra, as well as Agatti in Lakshadweep, alongside prominent business and leisure hubs like Bengaluru, Goa, Hyderabad, and Pune.The airline has introduced a special fare of Rs 1,991 (all inclusive). This inaugural offer applies to all FLY91 routes. FLY91 will also allow changes and cancellations of flight tickets for a nominal fee of Rs 499 per passenger per sector for a limited time.

The Economic Times 18 Mar 2024 1:32 pm

Exclusive: The Good Glamm Group raises $30 Mn in a new round

Content-to-commerce company The Good Glamm Group has raised Rs 245.5 crore (approximately $30 million) in a bridge round from the existing investors via right issue. This is the first major infusion in the Delhi-based company after its Series D round in November 2021. The board at Good Glamm has passed the special resolution to allot Continue reading Exclusive: The Good Glamm Group raises $30 Mn in a new round The post Exclusive: The Good Glamm Group raises $30 Mn in a new round appeared first on Entrackr .

entrackr 18 Mar 2024 1:28 pm

Jumbotail raises $18.2 Mn in Series C3 round

Jumbotail, B2B marketplace and retail platform for food and grocery, has raised Rs 151 crore ($18.2 million) in a Series C3 round led by Artal Asia Pte. Ltd. Heron Rock, Sabre Investment, Arkam Ventures, Jarvis Reserve Fund, Reaction Global, VII Ventures and others. Artal had led a $85 million Series C round in Jumbotail in Continue reading Jumbotail raises $18.2 Mn in Series C3 round The post Jumbotail raises $18.2 Mn in Series C3 round appeared first on Entrackr .

entrackr 18 Mar 2024 1:26 pm

Book profit if overweight on equity: Nilesh Shah

The Economic Times 18 Mar 2024 1:01 pm

Exclusive: Beshak Insurance set to raise funds from 35 North Ventures

Insurtech company Beshak Insurance is all set to raise its maiden funding from 35 North Ventures, sources aware of the development told Entrackr. This will be the maiden institutional round for the Mumbai-based startup. 35 North Ventures via India Discovery Fund will put around Rs 3 crore in Beshak, said one of the sources. As Continue reading Exclusive: Beshak Insurance set to raise funds from 35 North Ventures The post Exclusive: Beshak Insurance set to raise funds from 35 North Ventures appeared first on Entrackr .

entrackr 18 Mar 2024 12:57 pm

'Indian startups on track to raise $8-12 bn this year'

Indian startups are expected to raise $8-12 billion this year, a top official of venture capital firm Peak XV said on Monday, highlighting that the country's startup ecosystem is the most vibrant in the world. Speaking at StartUp Mahakumbh, Peak XV managing director Rajan Anandan said around $20 billion of private capital is lying uninvested and is committed for investment in private firms and startups in India.

Rediff 18 Mar 2024 12:24 pm

AI music startup Beatoven.ai raises $1.3 Mn in pre-Series A

AI music startup Beatoven.ai has raised Rs 11 crore (about $1.3 million) in its pre-Series A round led by existing backers Capital 2B, Entrepreneur First and new investors IvyCap Ventures, Upsparks Capital, Rukam Capital, and other angel investors. As per the company, the proceeds will be used to ramp up Beatoven.ais growth plans to enhance Continue reading AI music startup Beatoven.ai raises $1.3 Mn in pre-Series A The post AI music startup Beatoven.ai raises $1.3 Mn in pre-Series A appeared first on Entrackr .

entrackr 18 Mar 2024 11:45 am

Apple farming will make you rich

Apple farming has long been hailed as a profitable venture, offering promising returns to those willing to invest time, effort, and resources. Whether you're a seasoned agriculturalist or a novice entrepreneur, delving into the realm of apple cultivation can pave the path to financial prosperity. The Appeal of Apple Farming 1. Resilient Crop With sturdy trees and a robust nature, apple trees are known for their resilience against various environmental factors, making them a dependable investment for farmers. 2. High Market Demand Apples are a staple fruit in many households worldwide, ensuring a consistent and high demand throughout the year. This steady market demand translates to reliable income for apple farmers. 3. Diverse Varieties The vast array of apple varieties available allows farmers to cater to different consumer preferences, tapping into niche markets and maximizing profits. Getting Started: Essential Steps for Successful Apple Farming 1. Conducting Comprehensive Research Understanding Climatic Requirements Different apple varieties thrive in specific climatic conditions. Researching the climatic requirements of various apple cultivars is crucial for selecting suitable varieties for your region. Analyzing Market Trends Stay informed about market trends, consumer preferences, and pricing dynamics to make informed decisions regarding apple variety selection and cultivation practices. 2. Securing Adequate Land and Resources Choosing the Right Location Select a location with optimal sunlight exposure, well-drained soil, and protection from harsh winds to ensure the healthy growth of apple trees. Investing in Quality Saplings Procure high-quality apple saplings from reputable nurseries to kickstart your orchard with healthy and productive trees. 3. Implementing Effective Cultivation Practices Pruning and Training Regular pruning and training of apple trees promote proper growth, enhance fruit quality, and facilitate easier harvests. Pest and Disease Management Implement integrated pest management (IPM) strategies to mitigate pest and disease pressures sustainably, minimizing the need for chemical interventions. 4. Harvesting and Marketing Strategies Timely Harvesting Monitor fruit maturity closely and schedule harvests at the optimal ripeness to ensure maximum flavor and shelf life. Diversifying Marketing Channels Explore various marketing avenues such as local farmers' markets, community-supported agriculture (CSA) programs, and direct-to-consumer sales to reach a broader customer base and increase sales. Maximizing Profits: Innovative Approaches in Apple Farming 1. Value-Added Products Apple-Based Products Diversify your product offerings by creating value-added products such as apple cider, apple butter, and gourmet apple snacks, tapping into niche markets and boosting revenue streams. 2. Agritourism Opportunities Farm Tours and U-Pick Events Capitalize on agritourism trends by offering farm tours, u-pick experiences, and educational workshops, providing additional income streams while fostering community engagement. 3. Sustainable Practices Organic Certification Consider obtaining organic certification for your apple orchard, catering to the growing demand for organic produce and commanding premium prices in the market. Energy-Efficient Technologies Embrace energy-efficient technologies such as solar-powered irrigation systems and LED lighting to reduce operational costs and enhance sustainability credentials. Embarking on a journey into apple farming presents a myriad of opportunities for financial success and agricultural fulfillment. By leveraging the resilience of apple trees, adopting innovative cultivation practices, and exploring value-added ventures, aspiring apple farmers can unlock the full potential of this lucrative industry. With dedication, perseverance, and strategic planning, the realm of apple farming can indeed pave the way to riches, offering not only monetary rewards but also a deep-rooted connection to the land and the satisfaction of nurturing a thriving orchard. This mistake related to food can make you sick! Caution! Eating this food item immediately after eating eggs can cause harm to the body Eat these things in case of diarrhea, you will get relief soon

News Track 18 Mar 2024 11:35 am

Safegold gross revenue nears Rs 5,000 Cr in FY23; turns profitable

Several digital investment platform users like Zerodha, Groww, Upstox, and more saw a huge uptick in user base in the last couple of years, mainly driven by the stay-at-home-norms during the Covid phase. Beyond the stock markets, investment in digital gold experienced a turnaround, too. This could also be evident from Safegolds exceptional financial performance Continue reading Safegold gross revenue nears Rs 5,000 Cr in FY23; turns profitable The post Safegold gross revenue nears Rs 5,000 Cr in FY23; turns profitable appeared first on Entrackr .

entrackr 18 Mar 2024 11:34 am

BJP's Gowda may quit party to join Congress

Veteran BJP leader, former Karnataka CM and Union Minister DV Sadananda Gowda may quit the party and contest from Mysuru as Congress candidate. The 72-year old leader is celebrating his birthday today (Monday).He may contest against BJP's YCK Wadiyar. The Congress leaders are in touch with him, and the announcement is expected in a day or two.Gowda, sitting MP from Bengaluru North, has been upset over denial of ticket from the same seat. The BJP has announced the name of MoS Shobha Karandlaje from Bengaluru North. She met him two days ago and touched his feet to take his blessings.Gowda, a member of the Vokkaliga community, held Railways, Law & Justice and Statistics & Programme Implementation portfolios in the NDA regime. He had been sulking after he was moved from the Railways portfolio, and had even made public comments recently critical of the party's actions.The Congress had been looking out for a Vokkaliga face in Mysuru. Karnataka Pradesh Congress Committee (KPCC) president DK Shivakumar and other leaders are said to be in touch with Gowda.Former CM Jagadish Shettar had also quit the assembly polls last year after the party denied the ticket. He contested the polls but lost. He has now returned to the party and may be the party's candidate from Belagavi.

The Economic Times 18 Mar 2024 11:28 am

How RBI is shaping the credit cards market

India's credit card market will continue in its growth path, but under the watchful eye of the regulator.

Livemint 18 Mar 2024 11:28 am

Binny Bansals Three State Ventures invests $25 Mn in Curefoods

Cloud kitchen startup Curefoods has raised an additional capital of $25 million in its Series D round from Three State Ventures, a fund launched by Flipkart co-founder Binny Bansal. The company raised $36 million in the first tranche of Series D and is now valued at $375 million, according to Curefoods founder and CEO Ankit Continue reading Binny Bansals Three State Ventures invests $25 Mn in Curefoods The post Binny Bansals Three State Ventures invests $25 Mn in Curefoods appeared first on Entrackr .

entrackr 18 Mar 2024 11:14 am

Many Bengaluru residents consider leaving city as water crisis hits daily life

Bengaluru faces a severe water crisis as groundwater sources deplete due to deficient rainfall. The city's infrastructure struggles to meet demand, highlighting the urgency for sustainable water management strategies.

The Economic Times 18 Mar 2024 10:45 am

Bata India MD on driving premiumisation & Power brand

The Economic Times 18 Mar 2024 9:39 am

4 coaches of train derail in Ajmer, no casualty

The Economic Times 18 Mar 2024 8:48 am

How did investors miss Byju's numerous red flags?

Byju's is set to go the way of Housing.com and Zilingo. It is only a matter of time. Indeed, the coup attempted by investors will ensure that, says Debashis Basu.

Rediff 18 Mar 2024 8:30 am

Guyana signs LoC with India to purchase aircraft for its military

Guyana Defence Force enhances security capabilities with HAL (Dornier) 228 planes from India for maritime patrols and troop movement, supported by a $23.27 million loan. The collaboration aims to strengthen defence and ensure peace.

The Economic Times 18 Mar 2024 7:02 am

Seven star Han So-hee confirms relationship with Reply 1988 actor Ryu-Jun-Yeol, plans to apologise to his ex-flame Hyeri

Earlier, when a photo of Han So-hee and Ryu-Jun-Yeol holidaying in Hawaii went viral, Yeol's ex-girlfriend, Girl's Day member Hyeri got cryptic on Instagram.

The Economic Times 17 Mar 2024 9:19 pm

Akhilesh congratulates Rahul, calls him 'rare person'

The Economic Times 17 Mar 2024 9:01 pm

What is the taxability for inherited assets?

In accordance with section 47 of the Income Tax Act , the transfer of capital assets through inheritance is not deemed as a taxable transfer.

Livemint 17 Mar 2024 7:14 pm

Arunachal 'inherent part of China's territory'

The Chinese military has reiterated its claim over Arunachal Pradesh, calling the area an inherent part of China's territory, days after India rejected Beijing's objection to Prime Minister Narendra Modi's visit to the state. The Chinese Defence Ministry spokesman Senior Colonel Zhang Xiaogang said that the southern part of Xizang (the Chinese name for Tibet) is an inherent part of China's territory, and Beijing ever acknowledges and firmly opposes the so-called Arunachal Pradesh illegally established by India, official media here reported. Zhang made the remarks in response to India's enhancement of its military readiness through the Sela Tunnel in Arunachal Pradesh, according to a report posted on the Chinese Defence Ministry's website on Friday. China, which claims Arunachal Pradesh as South Tibet, routinely objects to Indian leaders' visits to the state to highlight its claims. Beijing has also named the area as Zangnan. India has repeatedly rejected China's territorial claims over Arunachal Pradesh, asserting that the state is an integral part of the country. New Delhi has also dismissed Beijing's move to assign invented names to the area, saying it did not alter the reality. On March 9, Prime Minister Modi dedicated to the nation the Sela Tunnel built at an altitude of 13,000 feet in Arunachal Pradesh that will provide all-weather connectivity to strategically located Tawang and is expected to ensure better movement of troops along the frontier region. The Rs 825 crore tunnel, constructed on the road connecting Assam's Tezpur to West Kameng district of Arunachal Pradesh, is being billed as the longest bi-lane road tunnel in the world at such an altitude. The Sela Tunnel will provide for better movement of troops and weaponry to various forward locations along the Line of Actual Control (LAC) with China, according to Indian military officials. The Indian side's actions contradict the efforts made by both sides to ease border situations and are not conducive to maintaining peace and tranquillity in the border areas, Zhang said, referring to Modi's visit. He said that the current border situation is generally stable, with effective diplomatic and military communication between the two sides on border issues of common concern. Zhang urged India to stop actions that complicate the border issue and to earnestly maintain peace and stability in the border area. He stressed that the Chinese military remains highly alert in defending national sovereignty and territorial integrity, according to the report. Zhang's reaction follows China's foreign ministry spokesperson's remark on Monday about lodging a diplomatic protest with India over Modi's recent visit to Arunachal Pradesh. India strongly rejected China's objection and asserted that the state was, is, and will always be an integral and inalienable part of India. External affairs ministry spokesperson Randhir Jaiswal said in New Delhi that the Chinese side was made aware of this consistent position on several occasions. Jaiswal said China's objection to such visits will not change the reality that Arunachal Pradesh was, is, and will always be an integral and inalienable part of India. Indian leaders visit Arunachal Pradesh from time to time, as they visit other States of India. Objecting to such visits or India's developmental projects does not stand to reason, he said. Further, it will not change the reality that the State of Arunachal Pradesh was, is, and will always be an integral and inalienable part of India, Jaiswal said.

The Economic Times 17 Mar 2024 7:10 pm

NDA moves ahead taking regional aspirations: PM

The Economic Times 17 Mar 2024 6:51 pm

BJP propagated lies, people have faith in us: Gehlot

The Economic Times 17 Mar 2024 6:19 pm

PM Modi afraid of Kharge, says D K Shivakumar

The Economic Times 17 Mar 2024 5:36 pm

Guy Ritchies The Gentlemen on Netflix: 2 key money lessons to learn from the series

British soldier Edward Horniman inherits a Dukedom, but gets entangled in shady family business involving weed cultivation. Facing debt and threats, he struggles to break free. Lessons on family businesses and investing are highlighted in this Guy Ritchies The Gentlemen series on Netflix.

Livemint 17 Mar 2024 2:37 pm

The March effect and indexation benefit in MFs

You require a holding period of three years to be eligible for indexation.

Livemint 17 Mar 2024 2:37 pm

How Edelweisss Radhika Gupta dialed up risk in her portfolio

Gupta says she cut exposure to balanced advantage funds, added to mid- and small-cap funds.

Livemint 17 Mar 2024 2:31 pm

NSC vs 5-year FD: Which is a better tax saving investment option?

Choosing between NSC and tax-saving FDs can be tricky as both have advantages and limitations. NSC interest is reinvested and qualifies for tax deduction under Section 80C, while FD interest is taxed as per income slab.

Livemint 17 Mar 2024 1:37 pm

Factors that will guide the markets this week

Stock markets would take cues from the biggest event of the week -- the US Fed interest rate decision, besides tracking the trends in global markets and trading activity of foreign investors, analysts said. Last week, a heavy decline in smallcap, midcap firms, foreign fund outflows and elevated crude oil prices in the international market dented investors' sentiments. Experts said equity markets may remain volatile in the near-term amid a host of global central bank's monetary policy decisions lined up during the week.

Rediff 17 Mar 2024 1:36 pm

LS polls 2024: South Karnataka bracing up for fierce battle between Cong & BJP-JD(S) combine

The Vokkaliga heartland in Karnataka's old Mysuru region is set to test the BJP-JD(S) alliance in the upcoming Lok Sabha polls. The Congress aims to strengthen its gains from the last assembly elections, where it made inroads into JD(S) strongholds. In the 2019 polls, the Congress and JD(S) won one seat each in the old Mysuru region, while the BJP dominated the state with 25 seats. The BJP-JD(S) alliance hopes to counter the Congress's surge, banking on Vokkaliga votes and Modi's appeal. Coordination and vote transfer between the parties will be crucial for the alliance's success.

The Economic Times 17 Mar 2024 1:05 pm

Effective people's habits for success

Effective habits for success: prioritize tasks, maintain focus, set goals, cultivate resilience, seek feedback, and practice gratitude.

The Economic Times 17 Mar 2024 12:24 pm