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Bloomberg News, the stocks of companies related to the space sector like in the supply of equipment from electronics components to metal gears have added more than $2.5 billion in market value. Linde India's share jumped 23% this week and closed at ₹5,923 (up 2.73%) on Wednesday. Chandrayaan-3 mission required some critical modules and systems which was provided by Centum Electronics.

New Delhi: The National Health Authority (NHA) announced that Aizawl, the capital city of Mizoram, has become the first state in India to operationalize Ayushman Bharat Digital Mission’s (ABDM) microsite project. Last month, NHA announced 100 microsites project for accelerated adoption of digital health mission scheme across the country. The microsites are defined geographical regions where focused outreach efforts would be made to onboard small and medium scale private healthcare providers.

investment bankers in India as the US advisory firm looks to beef up its operations in the world’s most populous nation, people familiar with the matter told Bloomberg. As per the report, the firm is looking to add bankers in ranging from associate to managing director in order to expand its team in India to about 25 people. These new positions will focus on sectors such as infrastructure and industrials, said the people to Bloomberg, who asked not to be identified as the information is private.

Rolls-Royce Phantom collided with an oil truck moving on the wrong side. The oil truck overturned and caught flames after the accident, claiming the lives of the driver and his helper. As per the TOI report, the driver and helper were trapped inside the tanker and couldn't excape when it caught fire.

Yogi Adityanath. While, the Jailer actor has clarified why he touched Adityanath's feet on Tuesday, Congress leader Udita Raj has a different opion on this act. Also read: Rajinikanth defends touching Yogi Adityanath's feet According to the Congress leader, debates are happening that CM Adityanath will become the future Prime Minister of India and that's why Rajinikanth touched his feet.

Reliance Retail Ventures Ltd, the retail business of Mukesh Ambani’s Reliance Industries Ltd, is looking to raise Rs3,048 crore through an infrastructure investment trust (InvIT) of its warehousing and logistics infrastructure assets, shows a draft document filed with Sebi. ET first reported on 12 April that Reliance was planning to monetise the warehousing and logistics assets of its retail business through an InvIT and that the group had set up a trust under the name of Intelligent Supply Chain Infrastructure Trust for this purpose. Reliance Retail will hold a minimum of 25% units of the trust and balance will be sold to incoming investors. Of the total issue proceeds of Rs3,048 crore, around Rs100 crore will be used for acquiring equity shares of a special purpose vehicle (SPV) created to hold the warehousing assets, while a sum of Rs2,928 crore will be used to provide a loan to the SPV for acquisition of the warehousing and related logistics assets. The initial proposal is to acquire warehouse space of 12.77 million square feet and related logistics infrastructure for a consideration of Rs4,261 crore. Additionally, the trust has also entered into a lending agreement with Sikka Ports and Terminals Ltd, a Reliance group entity, to avail a rupee term loan of Rs2,122 crore, which will also be utilised towards acquisition of the warehousing assets. The portfolio of assets will comprise 64 warehouses spread across 34 cities across India including key warehousing markets such as Delhi NCR, Mumbai, Bengaluru, Chennai, Kolkata, Ahmedabad, Pune and Hyderabad.

Mumbai: K Balasubramanian has taken over as Citi’s head of banking, capital markets and advisory for India and South Asia, following the retirement of Ravi Kapoor. “K Balasubramanian (Bala) will add the India and South Asia BCMA head responsibility to his current corporate bank head role.

MUMBAI : Omnichannel pharmacy chain PharmEasy will raise ₹3,500 crore through a rights issue next week, multiple people aware of the development said, helping it repay a big chunk of its loans to Goldman Sachs. Temasek Holdings, TPG, Prosus, CDPQ, Eight Roads, LGT, Abu Dhabi sovereign wealth fund ADQ, Amansa, OrbiMed and Sunil Kant Munjal’s family office have already committed to invest as much as ₹2,000 crore, one of the people cited above said. Manipal Health Enterprises founder Ranjan Pai’s family office may invest ₹1,200 crore.

₹50 crore from existing investors, International Market Management in UK and Hunch Ventures in India. In 2018, Indian venture capital firm Hunch Ventures took a significant minority stake in Dolomite Restaurants, owned by International Market Management (IMM), founded by Dolomite managing director Jasper Reid. This year IMM, Dolomite’s parent, sold its Wendy’s burger chain to Rebel Foods for an undisclosed sum.

Mumbai: The Securities Appellate Tribunal (SAT) on Tuesday refused to interfere with Securities and Exchange Board of India(Sebi)’s actions against Eros International for alleged misrepresentation and diversion of funds. Instead, Justice Tarun Agarwala directed the company to file its reply to Sebi’s 22 June ex-parte order in three weeks. “We do not find any reason to interfere with the impugned order at this stage.

Magicbricks rental index for the April-June period. While demand grew 18.1% sequentially, supply rose 9.6%. Based on the behaviour and preferences of over 20 million customers on the Magicbricks platform, the report observed that among notable cities, Bengaluru saw rents going up by 8.1%, Navi Mumbai by 7.3% and Gurgaon by 5.1%.

ALSO READ: Chandrayaan-3 LIVE After a failure in 2019, India's second attempt to land on the moon is being seen as a display of the tenacity of its scientific institutions. Meanwhile, the Uttar Pradesh administration ordered all schools to hold special screenings as the 'landing of India's Chandrayaan-3 is a memorable opportunity, which will not only encourage curiosity but will also instill passion in our youth towards inquiry'.

MUMBAI : Liquidity in the Indian banking system slipped into deficit for the first time this fiscal on the back of the Reserve Bank of India’s (RBI) temporary liquidity withdrawal, coupled with tax outflows. Liquidity stood at a deficit of ₹23,644 crore as of 21 August, according to RBI data, prompting banks to borrow a whopping ₹89,813 crore from the RBI’s Marginal Standing Facility (MSF) window on Monday, the most in a decade. On 28 June, banks had borrowed nearly ₹71,050 crore through the MSF window at 6.75%.

₹13,000-crore Punjab National Bank (PNB) loan fraud case, PTI reported. Last June, Enforcement Directorate (ED), named Priti Choksi, also known as Priti Pradyotkumar Kothari, as an accused in the supplementary charge sheet. She was charged with helping her husband, the prime accused, "in layering of the proceeds of crime".

MUMBAI : Non-bank financier Profectus Capital, which lends to small businesses, wants to fund newer areas aligned to the government’s incentivized local manufacturing scheme and grow its book to ₹4,500 crore by end of this fiscal, chief executive officer K.V. Srinivasan said. Founded in 2017 by Srinivasan, who was earlier the chief executive of Reliance Commercial Finance, Profectus is backed by private equity firm Actis.

Devendra Fadnavis's statement was recorded in 2022. The closure report was accepted by additional chief metropolitan magistrate (Esplanade court) S P Shinde. A detailed order was not available yet.

Vedanta Ltd founder Anil Agarwal on 22 August took to the microblogging website saying entrepreneurship can be a lonely experience. Also known as the 'metal king' of India, Agarwal emphasized people should empower and support their family and friends who are currently on their entrepreneurial journey.

CBI) has conducted searches at the office of GTL Infrastructure Ltd (GTIL) in Mumbai after registering an FIR against it and unidentified officials of banks in a loan-fraud case of more than Rs 4,000 crore, officials said on Tuesday. The officials of 13 banks are under the agency's scanner for allegedly assigning Rs 3,224 crore dues of the company to an asset reconstruction firm for Rs 1,867 crore without attempting to secure their loans from collateral securities, they said. They were part of the negotiations related to the outstanding loans of GTIL, the officials said. The banks are Union Bank of India, Central Bank of India, Indian Overseas Bank, Bank of Baroda, ICICI Bank, Punjab National Bank, Oriental Bank of Commerce, Andhra Bank, Bank of India, axis Bank, State Bank of India, United Bank of India and Dena Bank, they said. The Central Bureau of Investigation (CBI) registered the case after a preliminary inquiry in which it surfaced that GTIL, promoted by Manoj Tirodkar, was engaged in the «business of passive telecom infrastructure sites capable of hosting multiple service providers», according to the FIR. The officials said the searches were conducted at the company's office in Navi Mumbai recently.

Anil Agarwal. Taking to social media, the Chairman of Vedanta Group opened up about a passionate founder's journey. In his words, "Entrepreneurship can be a very lonely experience." Recalling the time when he first moved to Mumbai in 1975, the businessman said that he faced a difficult time.

Rustomjee Group took over the project in 2018 and fulfilled its commitment towards delivering and turning around the project in record time despite the pandemic and restrictions. The 182 flats will be handed over along with not just the basics of a fully accessible gym, ballroom but other 60+ lifestyle amenities such as 7 tropical pools, a skywalk, a clubhouse, a toddler's area, and a lot more. After all Rustomjee Crown is the finest gated estate in South Mumbai.

West Bengal, the constituents of the opposition bloc INDIA, including TMC and Congress, are optimistic about formulating a draft proposal in the upcoming Mumbai meet to collectively combat the BJP, despite existing political contradictions within the coalition in various states. The third gathering of the opposition alliance, the Indian National Developmental Inclusive Alliance (INDIA), is set to take place in Mumbai on August 31 and September 1. In the current scenario, three parties in West Bengal — TMC, CPI(M), and Congress — acknowledge that without a framework, any attempt at electoral adjustments would be challenging, accentuated by the contrast between TMC's inclination for a 1:1 contest against the BJP, and the contrary stance of the current Left-Congress alliance in the state. «We are hopeful that some framework to put up a united fight not just in West Bengal but also in states where there are contradictions would take shape in the Mumbai meet.