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India's interbank foreign exchange order matching system operated by LSEG was not functioning, four traders told Reuters on Thursday. The rupee was last at 82.9200 to the U.S. dollar compared with 82.9700 in the previous session.

Mint in August last year, chairman and managing director (CMD) Rahul Munjal said that Hero Futures Energies will look at several options to raise funds over the next two-three years, including the launch of an IPO. He had added that the company will plan new fundraises, including private investments and accessing public markets. London-headquartered Hero Future Energies has a 3 gigawatt (GW) operational and under-construction portfolio across India, Ukraine and Vietnam, and an additional 2 GW pipeline.

Hindu Business Line, based on the data by PrivateCircle Research, around 44 startups have been founded by former Flipkart employees (popularly known as 'Flipkart Mafia or Flipsters), having a cumulative valuation of $25 billion. According to the English Business Daily, of the 44 startups, more than a third (15) of them are e-commerce only. The list includes Udaan, Spinny, and RentoMojo.

Real estate is one of the favourite asset classes of investors. However, with the increase in the cost of real estate and sky-high home prices, different investment options that aim to deliver returns of underlying real estate have come up. Fractional real estate is one such concept where people can invest in a fraction of a real estate property.

Hedge funds pared exposure to the Magnificent Seven megacap tech stocks in the fourth quarter amid signs of extremes in the market, according to Goldman Sachs Group Inc. 

The former wealth head of First Republic Bank, one of the casualties of last year’s regional banking crisis, has entered into a partnership with Boston-based private equity firm Summit Partners as he seeks to launch a new RIA.

Twitter, has confirmed its compliance with executive orders issued by the Indian government demanding the suspension of specific accounts and posts, which are allegedly associated with the ongoing farmers' protest. Despite taking action to withhold the identified accounts and posts within India, X has expressed its disagreement with the government's directives, emphasizing its commitment to freedom of expression. As per the official Global Government Affairs account of X, the platform is acting under potential threat of significant fines and imprisonment. However, in a move to challenge the government’s demands, X has filed a writ appeal, which is currently pending. «The Indian government has issued executive orders requiring X to act on specific accounts and posts, subject to potential penalties including significant fines and imprisonment. In compliance with the orders, we will withhold these accounts and posts in India alone; however, we disagree with these actions and maintain that freedom of expression should extend to these posts. Consistent with our position, a writ appeal challenging the Indian government’s blocking orders remains pending. We have also provided the impacted users with notice of these actions in accordance with our policies,» Global Government Affairs tweeted.

MUMBAI : Government-backed National Investment and Infrastructure Fund (NIIF) has agreed to invest $200 million ( ₹1,658 crore) in digital infrastructure company iBus for a controlling stake, two people aware of the development said. iBus Network and Infrastructure Pvt. Ltd, which is backed by Morgan Stanley Infrastructure Partners, will use the money to finance its expansion.

Nitrogen unveiled numerous upgrades to its fintech suite aimed at boosting the efficiency and growth of financial advisors and wealth firms.

The recent bullish crypto market performance has transformed investor outlooks and activity. Impressive price rises by Polygon (MATIC) and Uniswap (UNI) have encouraged investors to purchase the tokens.

superhero movie Morbius, led by Jared Leto on the streaming platform has been disclosed. Around two years since its disappointing release, Morbius is ultimately going to arrive on March 1 on Disney+. One of the most enthralling and incongruous characters arrives on the big screen with Jared Leto transforming into the bewildering antihero Michael Morbius as per the synopsis. Critically unwell with a unique blood disorder and insistent on saving others who are going through a similar destiny, an attempt is made by Dr Morbius for a despairing wager. Though initially, it appeared to be a complete success, there was an unleashing of the darkness inside. Will good overrule evil or will Morbius give way to his mystifying new impulses?

Snap Camera India, the local unit of social networking and messaging platform Snapchat's US-based parent company Snap Inc, has reported a 20% increase in revenue to ₹79 crore for 2022-23, compared to ₹65.7 crore in the previous fiscal. According to the financial data obtained from the Registrar of Companies, the company's net profit surged 24% to ₹7.7 crore, as against ₹6.2 crore in the previous fiscal. Expenses went up 20.2% to ₹69 crore from ₹57.4 crore.

On Wednesday, it was reported by the Wall Street Journal that Reddit, a social media platform, is planning to sell a portion of its IPO shares to its users.

(Reuters) -Social media platform Reddit plans to sell a chunk of its IPO shares to its platform's users, the Wall Street Journal reported on Wednesday.

Indian Energy Exchange (IEX), Hindustan Power Exchange (HPX) and Power Exchange India Ltd (PXIL)— the CERC stressed the need for a comprehensive review of operations at the exchanges in order to ascertain compliance with the provisions of the Power Market Regulations (PMR) 2021. “The commission directs its staff to arrange to conduct an audit of the processes as well as software of the three power exchanges in terms of the relevant provisions of PMR 2021.

BeerBiceps has nearly 7 million followers, has hosted various leaders of the ruling Bharatiya Janata Party (BJP) including Smriti Irani, S. Jaishankar and Rajeev Chandrasekhar. While Congress leader Rahul Gandhi appeared on Curly Tales, which has nearly 3 million subscribers, Nationalist Congress Party leader Supriya Sule has gone on The Bombay Journey, a part of Mashable India that has 567,000 subscribers.

Investing.com -- A decline in volatility in the so-called Magnificent 7 group of megacap stocks suggests that the U.S. stock market is not yet in a bubble, according to analysts at Bank of America Securities.

BJP is set to release a documentary on Sandeshkhali on Thursday with the party intensifying its attack on West Bengal Chief Minister Mamata Banerjee-led TMC government over the alleged incidents of atrocities and sexual assault on women there. The «exclusive» documentary titled 'The Sandeshkhali Socker — The Big Reveal' will be released Thursday morning at 9 am, the BJP said in post on X, asking Banerjee in Bangla, «Didi ke bolo aaro koto 'Sandeshkhali' (Tell didi how many more Sandeshkhali like incidents)». This comes amid a raging war of words between the BJP and the TMC over alleged incidents of rape and harassment of women in Sandeshkhali in West Bengal's North 24 Parganas district ahead of the Lok Sabha elections. The riverine Sandeshkhali area — situated on the borders of the Sunderbans, about 100 kilometres from Kolkata — has been witnessing protests after the local women accused absconding Trinamool Congress (TMC) leader Sheikh Shahjahan and his supporters of land grab and sexual assault under coercion.

PTI reported that the constable was eventually suspended from duty and arrested. The way employees of state-owned banks agitate against the management is changing. Organized labour unions with clear political affiliations have been the face of activism for long.

₹1,332 crore ($160 million). The Murthy couple's initial investment in Cloudtail amounted to ₹417 crore ($50 million), rendering this transaction immensely profitable for them. Also read: Byju's $200 million rights issue fully subscribed; third party agency to check usage of funds: CEO Raveendran The sale of Cloudtail shares has resulted in a substantial profit of around ₹915 crore ($110 million) for Narayana Murthy and Sudha Murty, signifying an impressive threefold return on their investment made over eight years ago.

Elder-care startup Samarth Life has secured Rs 12 crore in a funding round led by Aroa Venture Partners, a venture capital firm known for backing companies like Unacademy, Urban Company and Cred. This funding marks its debut investment from the newly launched Aroa Opportunities Fund, which has a total corpus of Rs 400 crore.