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₹2.1 trillion worth of new projects were announced across the country in the December-ended quarter, up nearly 15% from the preceding three-month period, showed data from the project-tracking database of the Centre for Monitoring Indian Economy (CMIE). While capital expenditure proposals were still sharply weaker than the year-ago period, when projects worth ₹9.5 trillion were announced, the latest figure marks a sharp turnaround after two quarters of precipitous decline. The data is provisional, and may be updated later.

Subscribe to enjoy similar stories. MUMBAI : A 10-year-long lobbying effort by the private equity and venture capital industry bore fruit on Saturday when finance minister Nirmala Sitharaman amended section 2 (14) of the Income Tax Act on “capital assets" to include alternative investment fund (AIF) investments in securities.

Trump’s return to the White House, chief economic adviser (CEA) V Anantha Nageswaran said on Wednesday, cautioning against any “kneejerk reaction” to the current bout of stock market volatility. The CEA was in conversation with economist Prachi Mishra at the ET India Ascends event. While capital has flooded into the US markets over the past week in the aftermath of Trump’s victory, “I'm not entirely sure that this will sustain over a very long term,” he said. “Because even before this election happened, US stocks were somewhat elevated in valuation, etc., and the Federal Reserve is cutting interest rates. So I think we can give some time for the financial markets to take a breath….”

air taxis in the world and the launch in 2026 will revolutionise urban travel, said Nikhil Goel, chief commercial officer, Archer Aviation. Archer is a California-based EVTOL company Archer Aviation. EVTOLs, or air taxis, take off and land vertically, just like a conventional helicopter. But since they're electric, they produce less emissions and are potentially much quieter. Archer's Midnight is a 4-seater aircraft, which can carry four passengers and a pilot for up to 160 kilometres. «While cities are getting more populated, our transportation options are degrading. That burden is particularly profound right here in India and that is what we are looking to address. I am confident that India will be not only be one of, but perhaps the largest market for electric air taxis in the world,» Goel said at the ET World Leaders Forum. Archer has tied up with InterGlobe Enterprises, which is the owner of India's largest airline, IndiGo, credited with making air travel more affordable in India. The US company plans to replicate the IndiGo model for its air taxi services — increase trip volume and reduce overall cost by achieving economies of scale. India is the third country besides the US and UAE where Archer plans to start operating. Archer will look to cater to passengers of IndiGo for their journey to and fro airport. IndiGo carries around 90 lakh passengers per month.

Real Madrid will take on Manchester City in the first leg of Champions League quarter-final match on Tuesday. While City are looking to defend their maiden Champions League title, Madrid are aiming to win the competition for the record-extending 15 times. Manchester City versus Real Madrid Champions League match will be held at Santiago Bernabeu in Spain. The soccer match is scheduled to kick off 3 pm (ET) on Tuesday, April 9.

Does Paris have too many SUVs

Morgan Stanley upgrading the rating on Indian equities to “overweight” and moving it to the 1st position in the basket of Asian emerging markets ex-Japan. The ratings upgrade reflects India’s growing absolute and relative attractiveness as an equity market, according to Ridham Desai, managing director at the global investment firm.

Venture capitalist (VC) investment into crypto firms continued to fall in the first quarter of 2023, yet despite the current regulatory turbulence for crypto in the United States, it is still first for the number of firms raising capital according to a new report.