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Volt VC, a micro venture capital (VC) firm, announced the launch of its inaugural fund on Wednesday. The Volt VC Fund-1 aims to raise a corpus of Rs 45 crore to invest in around 20-25 consumer-centric startups at the pre-seed stage across various sectors, with a particular focus on direct-to-consumer (D2C), business-to-consumer (B2C), and business-to-business-to-consumer (B2B2C) models. “In India, lately we have seen a good number of pre-seed and seed funds coming in, but several of them have ticket sizes of between Rs 4 crore and Rs 10 crore. However, many of these startups don’t have the appetite to take in that much money. So, there was a need for someone to enter with a smaller ticket for a smaller stake,” Param Patel, the general partner of the fund told ET.

₹5 lakh cash or cash equivalent for either buying or selling options," said Rajesh Baheti, director, Crosseas Capital, one of India's largest arbitrage and jobbing firms. “Another suggestion is to have multiple index products expire on the same day in place of having just a single expiry per week per exchange." Baheti said these were part of his comments to Sebi's 30 July consultation paper titled “Measures to strengthen index derivatives framework for increased investor protection and market stability". Three of the most important recommendations of Sebi’s Secondary Market Advisory Committee (SMAC) are to increase the initial margin to trade, have only a single product expiry per week per exchange, down from the current five indices which expire each day of week, and increase in contract size from ₹5-10 lakh currently to ₹25-30 lakh.

NARCL, which acquired EPC company Simplex Infrastructures' ₹9.600-crore debt from lenders led by Punjab National Bank (PNB), is exploring a restructuring plan to split the exposure into sustainable and unsustainable portions, potentially writing off the latter, sources told ET. The plan, which envisages gains for the company's stock on its approval, is in the early stages of discussions. NARCL had acquired the loan in cash and security receipts (SRs) for ₹640 crore earlier this year. The state-backed bad bank had bought the debt from lenders at a 93% discount. The banks involved include PNB, State Bank of India, Canara Bank, Bank of Baroda, Bank of India, Union Bank of India, RBL, IDBI Bank and Standard Chartered Bank.

British tech magnate Mike Lynch and several other people are missing after their luxury superyacht sank during a freak storm off Sicily, Italy’s civil protection and authorities said

Brookfield has proposed to put over 50,000 crore in renewable energy over three to five years in Andhra Pradesh, potentially the largest overseas investment in the sector. The company, through its Evren platform, plans to add 8.66 gigawatts (GW) of wind and solar power projects, people aware of the development told ET. Senior executives from Brookfield, which manages renewable assets worth $102 billion globally, met Andhra Pradesh chief minister N Chandrababu Naidu on Tuesday. “Met with managing director of Brookfield’s renewable power and transition group, Mr Nawal Saini… Brookfield has expressed a keen interest in investing in our state's renewable energy sector, particularly in solar, wind, and rooftop energy,” Naidu posted on X.

₹10 lakh range.Here is a look at five SUVs priced under ₹10 lakh that come equipped with this increasingly popular feature, as per HT Auto:Hyundai’s latest addition, the Exter, is among the most affordable SUVs featuring an electric sunroof, with prices starting at ₹6.12 lakh (ex-showroom). For those specifically seeking the sunroof feature, variants of the Exter begin at ₹8.23 lakh (ex-showroom).Hyundai recently expanded its Venue lineup with the introduction of the S Plus variant, which includes an electric sunroof.

OnePlus Buds Pro 3.

According to Morningstar's Asset Flows report, the surge in monthly inflows came on the back of strong interest in fixed income strategies, which attracted €42.6bn of net inflows in July, marking the strongest month since June 2019. Antje Schiffler, editor at Morningstar, noted that active fixed income strategies in particular attracted €32.7bn as a result of «robust interest in Asian local currency bonds», which accumulated €6.8bn. On the other hand, only €9.9bn flowed into fixed income passive funds. Meanwhile, equity funds enjoyed €10.1bn of net inflows in July, bolstered by passiv...

record date for the purpose of its 1:5 stock split, following which the stock closed 4.6% higher on BSE at Rs 555. “The Company has fixed Wednesday, 11th September, 2024 as ‘Record Date’ for the purpose of determining the eligibility of Shareholders for the purpose of sub-division of every one fully paid-up equity share having face value of Rs. 10/- (Rupees Ten only) each in the share capital of the Company into five (5) fully paid up equity shares having face value of Rs. 2/- (Rupees Two only) each,” said the company in a filing to the exchanges.

RBI's) inflation targeting regime has worked well and need not be abandoned in favour of a more discretionary regime that could be risky and counterproductive, a new research paper has said. The paper titled 'Inflation Targeting In India: A Further Assessment' said the weight of food-price inflation in the CPI inflation basket should be reduced to better reflect the circumstances of Indian households. «The RBI's inflation targeting regime has worked well. Given this record, radical changes such as broadening its mandate or abandoning the target in favour of a more discretionary regime would be risky and counterproductive,» it said. The paper is authored by economists Barry Eichengreen (University of California, Berkeley) and Poonam Gupta (NCAER).

According to the latest Pridham Report from ISS Market Intelligence (ISS MI), the US ETF giant led the way in mixed asset fund sales, and ranked second in terms of both gross and net retail sales. The firm's flagship £42bn multi-asset LifeStrategy fund range boosted its retail success, with the 80% equity option emerging as the top seller within its product line-up. Pridham Report: BlackRock retail sales dominance continues into first quarter The top five best-selling groups this quarter were all major passive investing players, with BlackRock holding the top spot, joined by Legal ...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Mint. "It is part of our strategy, and perhaps we may do it earlier than planned. A clear indication from the regulator is that if you can do a particular business in the bank, you should not be doing the business in a subsidiary.

UPSC lateral entry recruitment scheme, Tamil Nadu Chief Minister and DMK chief MK Stalin on Tuesday termed it a direct assault on social justice, adding that a caste census is imperative to guarantee basic rights to backward classes. In a post on social media platform X, he listed out the steps to uphold social justice and safeguard reservation. «Lateral Entry is a direct assault on social justice, depriving meritorious SC, ST, OBC and minority officers of their deserved opportunities at the top. The Union Government must halt this practice, prioritise filling backlog vacancies for OBCs & SC/STs, and ensure fair and equitable promotions,» he posted on X.

Realme aims to be India’s top smartphone brand, enter 100 new markets in five years: CEOAccording to a report by GSMarena, the Poco Pad 5G has been spotted on Geekbench 6 with model number 24074PCD2I (the same model number it appeared with on BIS) and 8GB of RAM. The Geekbench listing also confirmed that the Poco Pad 5G will be powered by the Qualcomm Snapdragon 7s Gen 2 processor.

₹1,500 each into the bank accounts of many beneficiaries of the Mukhya Mantri Majhi Ladki Bahin Yojana. The scheme pays out that amount each month to women in the age group of 21 to 60 with an annual household income of less than ₹2.5 lakh. News reports suggest that 1.6 crore women have applied for the benefit.

Mike Lynch, the British tech magnate, and five other people were missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy’s civil protection and authorities said. Lynch’s wife and 14 other people survived. Lynch was among six people who remain unaccounted for after their chartered sailboat sank off Porticello, near Palermo, sometime after 4 a.m. A tornado over the water known as a waterspout had struck the area overnight, said Salvo Cocina of Sicily’s civil protection agency. One body was recovered, and police divers spent the day trying to reach the hull of the ship, which was resting at a depth of 50 meters (163 feet) off Porticello where it had been anchored, rescue authorities said. They returned to the site after 10 p.m. to see if it would be possible to search through the night, when weather conditions were expected to worsen, said Luca Cari, spokesman of the fire rescue service.

Lucy Adcock, a 47-year-old from Ruislip, West London, led a double life. By day, she was a devoted single mother of five, handling school runs and family dinners. By night, she ran an organized crime group using drones to smuggle contraband into UK prisons. Adcock managed operations that involved delivering drugs and mobile phones worth nearly £1.5 million to six high-security jails, as per the reports of The Sun.co.uk. From her home, Adcock coordinated a team of four “ground crew” members. They used heavy-duty drones to drop packages of drugs and phones over prison walls. The contraband, wrapped in cling film and placed inside socks with fishing hooks, was retrieved by inmates using makeshift ropes. The operation was highly organized, with Adcock directing the crew from her car parked up to 20 miles from the prison.

Jayme, who first developed a fear of water at the age of five, began discussing his experiences aboard the RMS Titanic, which sank in the North Atlantic Ocean in 1912 following an iceberg collision. According to the teenager, he has finally made peace with his Titanic death. He became fixated on the ship that hit an iceberg and sank in the North Atlantic Ocean in 1912 when he was just five years old. His mother claims he was terrified of deep water since he was a small child and that he was able to remember her childhood bike while watching her from a window in heaven. A few years later, he cried out that he was going down during a terrifying death dream. Jamey's mother said that he was always very happy and joyful; he enjoyed everything that he did and had a great attention span for learning things; he was an easy kid, in an interview with LMN for the show The Ghost Inside My Child. Also Read :You can watch free TV on Google TV Freeplay; here's how you can do it

It may only be Monday, but it’s already a rollercoaster of a week for DogWifHat ($WIF) holders. The Solana meme coin has shed 21.5% of its value over the last seven days and currently trades at $1.35, after sinking below $1.50 on Thursday August 15th.

WeWork founder Adam Neumann sat across from Jamie Hodari on brown leather seats. They were in a private plane headed to Atlanta. Neumann, the charismatic billionaire founder of WeWork, grilled his buttoned-up, awkward seatmate about the success of his rival firm, Industrious, while the two chief executives sipped Bloody Marys.