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ISSL), on the block almost five years after IndusInd Bank pulled out of a deal to acquire the entity following the collapse of the infrastructure financier in September 2018. Unlike last time, however, bidders can either bid for the custody business or the depository (brokerage) business separately or both together, a document seeking expressions of interest (EOI) showed. ISSL is a rare non-bank custodian that holds financial securities like stocks, bonds or gold for safekeeping. It also has a separate depository licence that allows it to offer brokerage services. «ISSL is neither a big depository nor a custodian; so there is not much business to be gained.

Actis is looking to monetise a portfolio of operating road assets that it owns in India through an infrastructure investment trust (InvIT), potentially raising as much as ₹1,500-₹2,000 crore, said two sources aware of the development. Last year, Actis acquired a portfolio of six roads — five hybrid annuity model (HAM) properties and one build operate and transfer (BOT) road — from Welspun Enterprises for an enterprise value of ₹6,000 crore ($775 million). This was the first set of roads that Actis bought in India after expanding into the roads sector, following its success in the renewable industry where it has sold two large platforms — Sprng Energy and Ostro Energy. The six roads were acquired by Actis' Long Life Infrastructure Fund, which seeks to invest in stabilised operating assets within multiple infrastructure sectors and deliver a strong cash yield for investors.

Shares of TKO Group, the new company that houses WWE and UFC, opened at $102 per share in their first day of trading on the New York Stock Exchange on Tuesday

NEW DELHI : Samsung Electronics Co. Ltd is evaluating making India a hub for making 5G equipment as it weighs alternatives to China for expanding production, three people aware of the development said. The South Korean conglomerate is considering India alongside Vietnam for its plans.

₹300 crore mark within India alone at last count. Meanwhile, Gadar 2, released mid-August, has crossed the ₹515 crore mark at last count, while Pathaan had earned ₹543 crore in January. “Theatre owners are aware this isn’t a year-long phenomenon and are looking to tie up with chains or convert (into two or three-screen multiplexes) in order to sustain," said Ashutosh Agarwal, owner of Star World Cinemas in Uttar Pradesh.

(Reuters) — U.S. House of Representatives Republicans will open an impeachment inquiry into Democratic President Joe Biden after months of investigations of his son Hunter Biden's foreign business dealings, Speaker Kevin McCarthy said on Tuesday.

The laws do not bestow on shareholders of a company an inherent right to participate in its management; it is the board with which governance and oversight of management is entrusted. Shareholders, especially public shareholders, inevitably have to depend on the disclosures made by entities to the bourses.

Digital India journey has yielded substantial impact at scale. Insights from it were shared with the G20.

Rajnath Singh on Tuesday called upon domestic defence companies to invest more in research and development for India to keep pace with the evolving world. Addressing the North-Tech Symposium, jointly organised by the army's Northern Command, the Society of Indian Defence Manufacturers (SIDM) and IIT-Jammu, Singh described the country's defence manufacturing sector as «imaginative, innovative, dynamic and progressive». «Though research and development (R&D) is a risky venture as it requires out-of-the-box thinking and sometimes does not give desired results, it still remains one of the basic elements for the development of any country,» he said.

Louise Smoczynski is enjoying a quiet retirement in Madison, Wis., but she and her friends are starting to have health problems. Ken Diller is a biomedical engineering professor in Austin, Texas, who has taught for 50 years and isn’t ready to spend his days relaxing on a beach. They have one thing in common: They were born on Nov.

Mansukh Mandaviya on Tuesday said. On July 27, Prime Minister Narendra Modi dedicated 1.25 lakh PMKSKs, saying these one-stop centres for farmers will pave the way for their prosperity. Last year, the central government decided to convert retail fertiliser shops in the country into PMKSK in a phased manner.

Shivakumar on Tuesday said the state now is not in a position to release Cauvery river water to neighbouring Tamil Nadu, due to lack of rains in the river basin region. Noting that currently Cauvery water is not flowing to Tamil Nadu from the state, he said Karnataka officials at the Cauvery Water Management Authority (CWMA) will make a plea to at least to save water for drinking. «On the Cauvery issue, our officials are currently participating in the meeting.

BEIJING — Walter Isaacson's new biography of Elon Musk hit the Chinese market Tuesday, several hours ahead of the U.S. release due to a time difference that puts Beijing 12 hours ahead of New York.

Pee Safe, a hygiene and wellness brand has raised $3 million in a Series B funding round led by Natco Pharma Limited, and Rainmatter Health. Nithin Kamath and Nikhil Kamath, founders of Zerodha. Alkemi Growth Capital, an existing investor, also participated in the round. «This funding will accelerate our expansion efforts and establish us as the leading brand in the rapidly growing intimate wellness sector, which boasts a remarkable CAGR of 16%,” Vikas Bagaria, founder and CEO of Pee Safe adding that over the past five years, the brand has achieved a growth rate of 100% CAGR, surpassing market expectations.

Maharashtra Assembly elections since Manohar Joshi had opposed his candidature. Hence Thackeray had instructed me to visit Joshi's house and attack," he said. Following Thackeray's orders, Sarvankar left for Joshi's residence with 15-20 party workers and Sanjay Raut was already aware of the plan to attack Joshi's residence.

The Russian Central Bank says it may look to “mark” or “color-code” digital ruble tokens to help it track CBDC transactions.

The proposed mechanism will ensure that such suspected transactions are flagged immediately, giving intelligence agencies enough time to take swift action, said people aware of the development. «This is being actively pursued,» an official said on condition of anonymity, adding that counterparty transactions help investigating agencies track frauds, siphoning off of funds and other such illegal activities in accounts under the radar. Under the existing framework in relation to large-value frauds, the finance ministry has asked state-run lenders to seek a report from the Central Economic Intelligence Bureau (CEIB) on any prospective borrower at the pre-sanction stage, renewal of an existing loan or non-performing asset (NPA) account for an amount of ₹50 crore and above. Intelligence agencies now have a uniform format for the acquisition of information after the Reserve Bank of India-backed standard operating procedure proposed by banks for the submission of information or documents to the CEIB. Agencies are also eying digitisation of the whole information network so that banks also have real-time information. The latest move is expected to further bolster this framework. The official said banks had also suggested there should be a threshold limit of ₹1 crore for providing details of counterparty transactions in such cases. According to a banker, since multiple channels were used for various transactions, it was not possible for lenders to provide all counterparty details. «Information for a longer period is not available in some cases, so if the agencies seek details on suspected transactions above a threshold value, that will help lenders provide details quickly,» said the banker, who did not wish to be identified. As

marine gas turbines (MGT) that power warships and submarines of the Indian Navy. There is a sense of urgency to create a domestic ecosystem for such equipment given the war in Ukraine that has impacted Zorya-Mashproekt, the primary supplier of the MGTs to the Indian Navy. According to officials aware of the development, public sector undertaking Bharat Heavy Electricals Limited (BHEL) and Bharat Forge from the private sector are said to be among the companies that have been individually consulted for developing and supplying the MGT suited to the Indian Navy's needs. «Some inputs have also been provided by the Indian Navy to BHEL to aid the development of equipment and spares,» one of the officials quoted above told ET. The Ukraine-Russia conflict has impacted supply of spares and parts for MGTs. The move to develop indigenous options is also in line with the Make in India initiative to cut down imports of defence-related equipment.

MUMBAI : Byju’s has put up kids’ reading platform Epic and higher education platform Great Learning for sale, three people aware of the development said, as the edtech giant tries to raise money and pay off a $1.2 billion loan it raised in November 2021. The sale will also help Think & Learn Pvt. Ltd, which runs Byju’s, weed out businesses that it does not consider central to its long-term goals, the people said on condition of anonymity.

NEW DELHI : The global proliferation of digital public infrastructures (DPIs) can be part of India’s soft power projection, in turn helping “increase our influence" around the world, said Ram Sewak Sharma, former chief executive of the Centre’s National Health Authority (NHA). In an interview on the sidelines of the first Digital Public Dialogues, a government-backed discussion forum in Delhi on Monday, Sharma underlined the importance of DPIs, which were a part of India’s agenda during its G20 presidency that concluded on 10 September. “China has a huge amount of money, which can be used to influence global stakeholders.

NEW DELHI : India and Saudi Arabia have begun discussions on trading in national currencies, officials from the ministry of external affairs said after a visit by Saudi Crown Prince Mohammed Bin Salman. The idea was currently in the “discussion stage", said Ausaf Sayeed, secretary in the ministry. “The Saudi side is aware that we have worked out similar arrangements with other countries in the region.