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12.03 / 17:29
markets IPO Progressive Gap economy information recommendations Infosys cofounder Nandan Nilekani predicts that India will have one million startups by 2035
Infosys cofounder Nandan Nilekani predicts that India will have one million startups by 2035. He said that there are 150,000 startups today growing at a compound annual growth rate of 20%. He also noted that among 2000 funded startups, 100 unicorns have been created. He was speaking at venture capital firm Arkam Ventures Annual Meet 2025 on Wednesday here where he outlined a strategic roadmap for India to achieve an 8% annual growth rate and become an $8 trillion economy by 2035.
12.03 / 17:29
Parke WhatsApp NTPC commissions 50MW MP solar project, group capacity reaches 77,461 MW
NTPC has commissioned a 50 MW unit of Shajapur solar project in Madhya Pradesh, taking the group's total installed and commercial capacity to 77,461.50 MW, a BSE filing said on Wednesday. «Second and last part capacity of 50 MW out of 105 MW Shajapur Solar Project (Unit-I) in Shajapur Solar Park, M.P of NTPC Renewable Energy Limited (NTPC REL) is declared on commercial operation,» NTPC said in the filing. The first part capacity of 55 MW has already been declared on commercial operation on November 29, 2024. With this, the total installed and commercial capacity of NTPC group has now become 77,461.50 MW, it said.
12.03 / 17:29
Provident Platform security Mobile Enterprise SpaceX country IT Minister Ashwini Vaishnaw 'welcomes' Musk's Starlink to India, says it will be useful for...
Ashwini Vaishnaw welcomed Elon Musk's Starlink on Wednesday, highlighting its potential to benefit railway projects in remote areas. «Starlink, welcome to India! Will be useful for remote area railway projects,» said Vaishnaw in a statement on X. Billionaire Mukesh Ambani's Jio Platforms has struck a deal with SpaceX, the aerospace company led by Musk, to bring Starlink's broadband internet services to India, a surprise move that follows months of bickering over how Musk's venture should be granted spectrum rights. The deal with Musk — considered the right-hand-man of US President Donald Trump — came a day after telecom tycoon Sunil Bharti Mittal's Bharti Airtel signed a similar partnership deal with SpaceX.
12.03 / 17:29
Hollywood UPS film shooting stars Interviews Now, a new desi twist after Govinda claimed he refused Rs 18 crore for Avatar role
Bollywood superstar Govinda recently claimed that he was offered James Cameron's Hollywood blockbuster Avatar for Rs 18 crore. Now, veteran producer Pahlaj Nihalani recently weighed in on these allegations, addressing the controversy surrounding Avatar. In an interview, he cleared the air that he had once come up with a project titled Avatar which had absolutely no connection to Hollywood's namesake. One of the most intriguing aspects of Govinda’s career is his claim of being approached for Avatar, a film that went on to become a Hollywood blockbuster. In an interview with veteran actor Mukesh Khanna on his YouTube channel, Govinda recalled meeting James Cameron through a businessman in the US. He claimed that he suggested the title Avatar to Cameron and was offered Rs 18 crore for the role. However, he declined the project upon learning that the protagonist was handicapped, as he was unwilling to commit to the 410-day shoot.
12.03 / 17:29
Provident CEO Platform Align exclusive Updates International BRISKPE gets RBI in-principle nod for cross-border payments
BRISKPE on Wednesday said it has received the RBI's in-principle authorisation to operate as a payment aggregator for cross-border (PA-CB) transactions. The authorisation enables BRISKPE to operate as a dedicated PA-CB for both exports and imports under the Payment and Settlement Systems Act, 2007, BRISKPE CEO Sanjay Tripathy, said. As one of the first platforms to solely focus exclusively on cross-border payments, BRISKPE aligns with the RBI's updated regulatory framework introduced in October 2023, the company said. «With this approval, BRISKPE is equipped to provide seamless solutions for businesses struggling with inefficient international payment systems,» it added.
12.03 / 17:29
markets UPS Manufacturing CEO President country Mitsubishi Chemical plans to join supply chain link in semiconductor, EV sectors in India
Mitsubishi Chemical Group of Japan has evinced interest in entering the supply chain link in the semiconductor and electric vehicles sectors in India. There are plans to set up a project catering to the supply chain link in the semiconductor and EV sectors in the country, president and CEO of Mitsubishi Chemical Group Manabu Chikumoto, said at an interactive session of Bengal Chamber of Commerce and Industry here on Wednesday. «We are trying to find out some occasions to come to this market to expand our existence, together with some partners. It will be in the supply chain link to the semiconductor and EV sectors», he said. Chikumoto said the group has not identified any place for the proposed project.
12.03 / 17:29
Provident Booking film Actor audience information International Lord Buddha comes alive through cinema
Ven Geshe Dorji Damdul, Director of Tibet House said on the opening of the BODHIPATH Film Festival that visual art had always been a channel for education and information to the masses. Speaking at the inauguration of a two-day festival, organised by the International Buddhist confederation, the Venerable, a Special Guest, explained that cinema was an extremely powerful tool to influence the public. “However, cinema also depicts the level of thinking of the public. Films will be made in accordance with the current thinking in society”, he added. Ven Geshe Damdul mentioned that during the Buddha’s times, paintings were commissioned by Sakyamuni that showed his teachings and educated the public.
12.03 / 17:19
UPS Aware Manufacturing track country medicines Centre, states gear up for checking abuse of narcotic drugs, may mandate bar-code on packaging
Subscribe to enjoy similar stories. New Delhi: The government may make it mandatory for packages containing narcotics to carry a barcode while it mulls building a portal to identify, track and monitor the illegal sale of narcotics. In view to recent cases of abuse of narcotics meant for medicinal use, the government is devising a mechanism to ensure the tracking and traceability of these drugs.
12.03 / 17:19
markets UPS FIVE Coca-Cola hospital rights SLMG to invest $1 billion in Coca-Cola Expansion
Subscribe to enjoy similar stories. Lucknow-based SLMG Beverages Pvt. Ltd, a major Coca-Cola bottler in India, plans to invest up to $1 billion by 2030 to expand its production capacity in the populous states of Bihar and Uttar Pradesh, according to a company executive.
12.03 / 16:41
markets UPS track abrdn Asia Income shakes up management team with ex-JP Morgan portfolio manager hire
Thong, who will work alongside Eric Chan, joins from JP Morgan Asset Management (JPMAM), where he spent almost 12 years as a portfolio manager on the JP Morgan Global Emerging Markets Income trust and the JP Morgan Emerging Markets Income fund. abrdn Asian Income introduces continuation vote and enhanced dividend policy With over 15 years' experience in financial services, Thong said he is «looking forward» to taking on the management of the aberdeen trust.  «The company has a rich heritage of investing in Asia, while the team at aberdeen has an excellent track record in Asia equit...
12.03 / 16:41
UPS Strategy rights Kingswood nears takeover deal with PE backer HSQ Investments
HSQ initially invested in Kingswood in September 2019, injecting up to £80m in growth equity capital to support the business. HSQ currently holds 68.4% of Kingswood's voting rights. Kingswood said it has been impacted by «headwinds seen across the sector over the last couple of years», despite HSQ's investment. This resulted in the company's growth not being as strong over the period as management had expected, it set out. Assura receives cash offer from KKR and Stonepeak Partners In conjunction with this, its acquisition strategy has seen the company's debt position increase signi...
12.03 / 16:41
CEO Artemis appoints Teun Johnston as CEO
Johnston is set to join the firm from the beginning of April, shortly before Artemis senior partner Mark Murray retires at the end of June. Murray has spend nearly a decade leading the firm and 28 years with the business. Artemis poaches high yield analyst from Bank of America to bolster fixed income division He joined Artemis as company secretary in 1997, later becoming COO in March 2001. In January 2016, Murray took on the role of senior partner. He is now partner in Artemis Investment Management, a member of the management committee, and director of Artemis Fund Managers. ...
12.03 / 16:41
Target Progressive Diversity inclusion Investigations International FCA and PRA ditch plans to progress with diversity and inclusion targets
The pair had both consulted in parallel with industry on proposed rules and expectations that sought to improve D&I at firms that fall under their remits.  The FCA said: «In light of the broad range of feedback received, expected legislative developments and to avoid additional burdens on firms at this time, the FCA and PRA have no plans to take the work further.» FCA drops plan to name and shame firms under investigation Imogen Makin, counsel at the international law firm WilmerHale, said the regulator's recognition that the existing rules cause a burden on firms is «welcome».  ...
12.03 / 16:41
testing Investigations FCA drops plan to name and shame firms under investigation
The regulator is expected to announce today (12 March) that it will no longer move forward with its proposal to introduce a public interest test for naming companies. House of Lords committee slams FCA over 'unacceptable' name and shame plans Instead, the FCA will maintain its current approach, which only allows for disclosure in exceptional circumstances. The FCA held a call with industry bodies on Tuesday (11 March) to brief them on the decision. The watchdog had already softened its initial stance on the «name and shame» policy. In November, it revised its proposals, allowing...
12.03 / 16:41
Provident awards Morningstar Celebrity performer Investment Week reveals finalists for Fund Manager of the Year Awards 2025
A flagship event for the investment industry for three decades, the Investment Week Fund Manager of the Year Awards honour fund managers who have demonstrated consistently strong performance for investors.  We will announce the winners at a special 30th Anniversary celebration of the awards on 19 June at the Marriott Grosvenor House Hotel in London.  Our fund awards shortlists are constructed using data provided by our partner, Morningstar (see methodology below). These categories are not open for entry and qualifying funds will be contacted by our team to fill out a supporting questi...
12.03 / 16:03
Williams Career Remark SpaceX reports International Who is Sunita Williams? All about veteran NASA astronaut's life and her remarkable journey to space
NASA astronaut Sunita Williams has been stranded in space for more than nine months and is scheduled to return to Earth in mid-March. She and Butch Wilmore have been aboard the International Space Station (ISS) since June 2024. Sunita Williams has dominated headlines after she found herself stranded in space due to technical issues with the Boeing Starliner. Sunita Williams and Butch Wilmore launched aboard Boeing’s Starliner spacecraft on June 5, 2024 for its first crewed flight, arriving at the space station on June 6. Following the agency’s decision to return Starliner uncrewed, the duo is currently living and working aboard the space station as part of the Expedition 71/72 crew and will return home in March 2025 aboard the SpaceX Dragon spacecraft with NASA astronaut Nick Hague and Roscosmos cosmonaut Aleksandr Gorbunov on NASA’s SpaceX Crew-9 mission. ALSO READ: Sunita Williams' return to Earth: Elon Musk's SpaceX Crew-10 mission to head to ISS today. Check time, launch details
12.03 / 16:03
Blockchain Binance Digital CEO economy Crypto exchange Binance gets $2 billion investment from Abu Dhabi's MGX
MGX has invested $2 billion worth of cryptocurrency into Binance, in what the world's largest cryptocurrency exchange said on Wednesday was its first institutional investment. Binance and MGX said in statements posted on their website that the investment was made in stablecoin — a type of cryptocurrency pegged to a fiat currency such as the dollar. A spokesperson for Binance declined to comment on which stablecoin the payment was made in.
12.03 / 16:03
markets Strategy Trade President Experts reports Stocks are down: Here's how it is impacting younger and older generations in US with 401(k)s
US tariffs and the global economy, the stock market has faced significant declines in recent days, leaving many Americans questioning the impact on their 401(k) retirement accounts. While experts urge calm, the situation presents different opportunities and risks depending on one’s age and proximity to retirement, as mentioned in a report by USA Today.
12.03 / 16:03
Election Nielsen Healthcare social reports rights Greenland election: Center-right party wins amid independence debate, US control talks
Demokraatit Party obtained the highest number of voter support. The outcome emerged during a period when the territory has experienced increased global attention from the US. As per reports, voters prioritized social matters such as healthcare and education before the question of independence from Denmark.
12.03 / 16:03
COST UPS Progressive Food Trade show Celebratory moment for Federal Reserve? Here's where America stands in terms of inflation
Inflation showed signs of cooling in February, offering some signs of relief for Americans who were squeezed by rising costs. The Consumer Price Index (CPI), a key measure of living costs, climbed 2.8 per cent compared to last year, with monthly growth slowing to 0.2 per cent down from January’s sharper 0.5 per cent jump and beating economists’ forecasts. Even the “core” inflation rate, which ignores food and energy prices, eased slightly to 3.1 per cent annually. While progress toward the Fed’s 2 per cent target remains uneven, the dip suggests some pressure is lifting, as per NY Times.

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