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banking legacy of Karnataka which has disappeared due to the recent bank mergers. Speaking at the centenary celebrations of Karnataka Bank here, he said, «Karnataka was the cradle of banking in India. Unfortunately, many legacy Karnataka banks such as Syndicate Bank, Vijaya Bank, and Corporation Bank have been merged with other banks. I call upon banks like Karnataka Bank to bring that glory back to Karnataka.» «I urge Karnataka Bank to bring back the glory and pride of the banking legacy in Karnataka. The banking has a rich history in the region and don't forget the road you have taken to reach here,» he said after releasing a Rs 100 coin and a stamp to commemorate the centenary celebrations of Karnataka Bank.

investors have raised red flags over the management's failure to recover about Rs 1,400 crore from a Dubai-based reseller, More Ideas General Trading LLC, while paying out Rs 300 crore in sales commissions at a time when the debt-laden edtech firm is battling a severe fund crunch. Byju’s has, however, disputed the investors’ claim. In an Extraordinary General Meeting (EGM) notice, a copy of which ET has reviewed, the investors said the company's value has eroded due to the management's neglect in enforcing its legal rights.

Invest India is building a tool called I-chat policy with an idea to incorporate the policies and regulations of India's 28 states and make them available to investors through a common platform. It will soon add details of union territories as well. «This has been rolled out as a pilot internally. But the larger goal is to enhance the ease of doing business for an investor,» Invest India chief Nivruti Rai told ET.

digital public good which will let customers locate an EV charging station, green energy sources, and used idle batteries across the country. Called the Unified Energy Interface (UEI), the initiative is powered by Beckn Protocol, and it will allow a user to search for EV charging stations nearby and settle payments across service providers. Beckn Protocol is an open-source initiative created by the Foundation for Interoperability in Digital Economy (FIDE).

private sector is ready, and has been shipped for launch on a SpaceX rocket. Work is also in progress on a ground station that will control the asset and process sub-metre resolution imagery from it. ET has learnt that the satellite built by Tata Advanced Systems (TASL) was completed last week and is being sent to Florida for an expected launch by April.

Kirin Holdings is investing $25 million (about ₹205 crore) to buy an additional minority stake in B9 Beverages, the maker of craft beer Bira 91 and owner of pub chain Beer Cafe, executives aware of the development said. The transaction, made through purchase of fresh shares, will boost Kirin's holding in B9 Beverages beyond the current nearly 20%, the executives said requesting anonymity. Another American financial investor is also close to investing $25 million for an additional stake in B9 Beverages, which is expected to be closed in the coming weeks, said one of the executives cited above. The person did not identify the investor. The fresh investments of $50 million (₹410 crore) are being done at a pre-money valuation of $600 million. Tokyo-listed Kirin Holdings had invested ₹570 crore in the beer company in late 2022, raising its stake to 20%, valuing the beer maker at $600 million. Launched in 2015, B9 Beverages sells craft, lager and strong beer across brands like Bira White, Gold and Boom. It has a presence in 24 countries and operates six breweries. Ankur Jain, B9 Beverages chief executive, and Rahul Singh, chief executive and founder of The Beer Cafe, could not be reached for comments.

India has allowed exports of onions on government-to-government basis to some countries, on recommendation of the Ministry of External Affairs, said people aware of the matter. One of the persons said a limited quantity of onion exports has been allowed for bilateral purposes though no decision has been taken on lifting a complete ban on onion exports. Details of the exporting agency could not be ascertained. Another person said the government has permitted exports of onions in limited quantities to Bangladesh, Sri Lanka, Mauritius, Bahrain, Bhutan and Nepal, among others.

₹4.36 trillion between the 13th and 15th FCs. Against the backdrop of Vocal for Local, Lifestyle For Environment (LiFE) and Jan Bhagidari espoused by the prime minister for greater citizen participation in governance, the 16th FC’s potential to transform the governance in general and public finance in particular of India’s cities is immense.

It was inevitable that Indians would make an ingenious contribution to corruption. It now appears that we did in 2017. A set of amendments had brought into life the electoral bond, a financial instrument unique to India.

Mizuho Bank, Japan’s third-largest ‘megabank’ with close to $2 trillion in assets, made its biggest bet in India with a Rs 4,100-crore capital infusion in November and followed it up with a Rs 1,200-crore investment in NBFC Credit Saison. Asia Pacific co-CEO Yasuhiro Kubota explains to Joel Rebello why India is important for the Japanese lender and how it plans to expand the business here. Edited excerpts. You infused Rs 4,100 crore ($500 million) capital into India in November – Mizuho’s largest here to date. What does that allow you to do that you couldn't do before? We want to create a lending capacity to be able to support our local book. It's a commitment to the market that we have enough capacity to grow. The $500 million is just the first tranche. We want to do large ticket acquisition financing around our customers, like a loan against shares or what we call promoter financing in India. We had the capabilities in the region but not India. Now, we are developing these capabilities in the country. If somebody wants to acquire a company and they are looking for a billion-dollar cheque, I can say with great confidence that we can do it.

Centre's attempt to introduce the Citizenship Amendment Act (CAA), West Bengal chief minister Mamata Banerjee on Sunday said the BJP always comes up with citizenship rights implementation issues ahead of the elections. The Trinamool chief also raised concern about Aadhaar cards of many people getting rejected in several parts of Bengal. «Around 50 Aadhaar cards have been rejected in Burdwan's Jamalpur. Similar things are happening in Birbhum, North 24 Parganas, Burdwan and several other districts,» Banerjee said while speaking at a programme in Birbhum.

AI) tools may not necessarily lead to job losses but shift the demand curve in the near term, said Adam Kansler, president, S&P Global Market Intelligence. «Each year for the last decade, we've thought that technological advance would mean we needed 10% less people or 20% less people. Today, we have probably 40% more people working in those functions than we did,» Kansler told ET in an interview. He said productivity gains could result in a shift in demand and that there is a long way to go before the net effect of the disruptive and highly valuable technology is understood. According to him, new technologies and startups and a world where outcomes could become more predictable could also lead to reversal of some caution by venture capital investors and redeployment of capital in 2024.

National Assembly seats in the general elections has raised concerns among their voters and stakeholders amid political wrangling over a numbers game for the formation of a new government in the Centre, English daily Dawn reported on Sunday. The report said, over 101 independent candidates — most of them backed by Pakistan Tehreek-e-Insaf (PTI) — have won National Assembly seats, citing unofficial results.

Alexei Navalny, who was known as the most vociferous critic of Russian President Vladimir Putin and survived multiple assassination attempts died on Friday at a remote Arctic penal colony. The prison services said that Alexei Navalny collapsed after a walk and couldn't be saved despite resuscitation attempts by the medics. His death evoked a strong response from the world as global leaders and activists blamed Vladimir Putin for his death.

₹57,900 per tonne in September, fell to just over ₹54,000 in February, as per data from SteelMint. “Our retail sector sales dropped because of higher imports from China and FTA countries in the last quarter," Jayant Acharya, joint managing director of JSW Steel said in a recent interview. “Our imports rose by 16% and our exports fell by 16%, and that impacted basic sentiments and retail." The Ebitda margin of JSW Steel contracted nearly 57 basis points sequentially during the December quarter to 17.1% as per Mint’s analysis.

people of Indonesia on the successful Presidential elections and @prabowo on the lead. Look forward to working with the new Presidency to further strengthen Comprehensive Strategic Partnership between India and Indonesia," PM Modi said. Branded as the “reformed" general, Prabowo Subianto is a former officer of the special forces and previously served as the Defence Minister of Indonesia.

₹1,00,772.17 per kilolitre in Delhi as of 1 February, 74% higher than in 2019. Going forward, too, airfares are expected to go up, said Ajay Prakash, board member, Faith and president, Travel Agents Federation of India, “The upswing in the demand can be seen with supply falling short of it.

ALSO READ: ‘Modi ji, before new guarantees, calculate old guarantees:’ Rahul Gandhi accuses PM Modi of failing to provide 2 cr jobs "Did you see the 'Ram Mandir Pran Pratishtha'? Did you see any OBC or ST/SC faces? It was attended by Amitabh Bachchan, Aishwarya Bachchan, and PM Narendra Modi, but we didn't see the people who truly run the country. These people want to ensure that you guys can never control the country," he said, as quoted by the new agency PTI. Earlier on 22 January, the Ram Temple consecration ceremony was presided over by Prime Minister Narendra Modi and RSS chief Mohan Bhagwat. It was attended by thousands of celebrities, politicians, and other dignitaries, however, the Opposition skipped the event, claiming the BJP was trying to score political brownie points.

Congress leader Rahul Gandhi Sunday said the OBC, Dalit and tribal constitute 73 per cent of the population but not even one of the top 200 companies in India is owned by them. Addressing a gathering during his Bharat Jodo Nyay Yatra here, he said a caste census is an X-ray of the country which would «reveal everything». «Caste census is your (youth's) weapon and you have to find out what is your population,» he told the gathering as he came of the Swaraj Bhawan, at Lakshmi Talkies intersection near Allahabad University. «Secondly, you have to find out what is your share in the country's wealth.» «How much wealth do the 73 per cent castes have in this country? Caste census is the X-ray of the country. This will reveal everything,» he said.

India's foreign policy is going strong, Prime Minister Narendra Modi on Sunday said that the world is seeing how New Delhi's relations with many countries continue to grow stronger in trade, tourism, technology and various other aspects. In a jibe against the critical remarks over the years on experience in foreign policy, PM Modi said that when he took the oath as India's Prime Minister, questions were raised about him not having «experience outside a state.» While addressing the concluding day of the National Convention of the Bharatiya Janata Party (BJP) at Delhi's Bharat Mandapam, PM Modi said, «When I took oath in 2014, many of our critics said that what experience does Modi have outside a state. Many things were said about foreign policy.»

Russian diamonds from the world’s affluent markets, a confused, volatile trade is feeling the pulls and pressures: a rigid rule pushed by Europe to probably regain its waning influence; the emerging voices of Africa and India opposing it; and, a new, different plan mooted last week in America, the largest market, which could make life easier for the trade amid the chaos of geopolitics. Trade sources told ET there was a glimmer of hope following a meeting last week between a US government official and the country’s leading jewellers who import diamonds mined across the world and polished in India and other countries. “It was indicated at the meeting that America could accept `self-certification’ from its jewellers that the diamonds imported into the country have no Russian links. Here, the process could be similar to the one applicable for American firms importing fish and seafood," said a senior industry person.