Cover Financial News

1. Orient Electric Apex Prime The Orient Electric Apex Prime is a 1200mm ceiling fan which offers superior air delivery at 350 RPM, covering 210 CMM for efficient room coverage. Its decorative trims and corrosion-free aluminium blades enhance aesthetics and durability.

Venture capital firm Peak XV, formerly Sequoia Capital India and South East Asia, on Monday said it has launched new startup cohort Spark 03 with 14 companies that include 16 female founders. 

As two-wheeler ownership continues to rise in India, ensuring adequate insurance coverage is paramount for safety and financial security. Two-wheeler insurance not only provides protection against unforeseen accidents but also complies with legal requirements mandated by the Motor Vehicles Act, 1988.

Quality higher education is essential for developing the academic rigour required to shape one’s domain-specific skills to build a successful career trajectory. Education stands as a transformative force, empowering students to make substantial and meaningful contributions to the advancement of a robust economy. According to the latest reports, education inflation has surged to 12%, overshadowing the 6% consumer price inflation (CPI).

By Nitin Kumar

Gurugram, 23rd February, 2024: With the threat of climate change increasing by the day, green power has become the need of the hour. Across various industries, there is a growing recognition of the importance of transitioning to renewable energy sources to mitigate environmental impact and work towards achieving net-zero emissions goals. To bring India a step closer to procuring green power, BluSmart, India’s largest born-electric, fully integrated eMobility ride-hailing services and EV charging infrastructure network, proudly announces a multi-year Power Purchase Agreement (PPA) with Tata Power Trading Company Ltd.

Tata Motors, Mahindra & Mahindra and Ola Electric—have already cleared the eligibility criteria for the incentives for multiple products, the certifications for auto parts makers were significantly delayed given a complex process involving auditor certifications for domestic value addition (DVA) at the component makers’ tier-II and tier-III vendors. With the advanced auto parts makers receiving certification confirming they meet the stringent 50% DVA criteria laid down under the scheme, the decks have now been cleared for the government’s move to finally start disbursements under the scheme, which it has said will begin in fiscal year 2025.

By David Stanway

(Reuters) — AT&T (NYSE:T) will credit customers a full day of service for the carrier's more than 10-hour outage on Thursday that affected more than 70,000 users, saying it was the «right thing to do.»

Ahmedabad-based realty firm Savvy Group has emerged the highest bidder for developing the largest commercial and recreational project in the special economic zone of Gujarat International Finance Tec-City, or GIFT City. The project — spread over 2.8 million sq ft and entailing an investment of more than ₹1,200 crore — will also include an innovation and startup hub. The company has pipped three other bidders to bag the proposed project that surpasses all existing developments within the GIFT City, which previously boasted the largest development covering a million sq ft.

Visakhapatnam, The sea phase of MILAN — 2024, a biennale multi-national naval exercise hosted by the Eastern Naval Command of the Indian Navy kicked off in a display of cooperation among the vessels and aircraft of friendly foreign nations, an official release on Sunday said. The sea phase, which is a high intensity segment of the event which encompasses air, surface and undersea domains commenced yesterday, showcased naval prowess. «Day two of the sea phase witnessed a harmonious blend of mutual understanding and interoperability as participating ships operated collaboratively in the Bay of Bengal,» said the ENC in the press release.

real estate developer Savvy Group has emerged as the highest bidder to develop the GIFT Special Economic Zone’s largest commercial and recreational project, including an innovation and startups hub, spread over a total 2.8 million sq ft with a total investment of over Rs 1,200 crore. The company has pipped three other bidders to bag the proposed project that surpasses all existing developments within the GIFT City, which previously boasted the largest development covering a million sq ft. This is the first project conceived by the GIFT City authority following the recent declaration by the Gujarat government to grant an exemption to GIFT City from a long-standing liquor prohibition law dating back 63 years. This exemption aims to bolster the city's appeal to foreign corporations, encouraging increased investment in the region.

₹5 lakh for modern treatments, while offering a sum insured of ₹20 lakh is counter-productive. A few insurers have made it a standard policy to cap 50% of the sum insured for modern treatment. This obviously helps them get more customers by offering lower price, but creates negative feedback loop for the category.

PTI report cited officials. The train gained speed along the way, finally coming to a stop on a steep gradient near Unchi Bassi railway station in Punjab, it added.

By Diego Oré

Brihanmumbai Municipal Corporation (BMC) has announced a 10% water cut in some areas of Bandra and Khar West (H-West ward) from February 27 to March 11 citing rehabilitate work in Pali Hill Reservoir. As per the civic body, the areas which will face a 10% water cut include— Gazdar Bandh, Dilip Kumar zone, Pali Mala zone, Union Park zone (Khar west), Dandpada, Kantwadi, Sherli Rajan and some areas of Bandra West. The civic body is doing repair and rehabilitation of the 600-mm old water inlet main pipe of the Pali Hill reservoir in the H-West ward, which will cause a low water supply.

GST Council is likely to soon clarify that Real Estate Regulatory Authority (RERA) will not be required to pay Goods and Services Tax (GST), an official said. According to the official, RERA, which functions as a regulator as well as facilitator for the realty sector, is covered under Article 243G of the Constitution dealing with powers, authority and responsibilities of panchayats. RERA was set up in different states to ensure transparency in real estate projects, protect the interest of consumers and to establish an adjudicating mechanism for speedy dispute redressal. The official said that after discussions with RERA functionaries about the nature of their function it was decided that GST is not applicable on them.

By David Shepardson

MILAN — While the fashion industry discusses size diversity from time to time, there was little evidence of real evolution on the Milan runway this season.

A U.S. company says its moon lander is on its side near the lunar south pole

The staggering civil fraud judgment against Donald Trump was finalized by a New York county clerk on Friday