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Asian Development Bank for two loans of $250 million each essentially for the country’s infrastructure sector. One of the ADB loans is for a project that supports India’s National Industrial Corridor Development programme and the other will part-finance the construction of the 82-kilometer Delhi-Meerut Regional Rapid Transit System (RRTS) corridor, according to the statements by the multilateral institution. The pacts were signed by Juhi Mukherjee, joint secretary in the finance ministry and Hoe Yun Jeong, deputy country director at ADB. Earlier, ADB had approved a $1.049 billion Multi-tranche Financing Facility (MFF) to support the construction of RRTS. The project will help the RRTS improve urban mobility, and women and the differently abled will benefit from its economic impact, Mukherjee said. Passing through the populated sections of the national capital region, the 82-km corridor is aimed at providing fast, safe, and high-capacity commuter transit services, expanding economic and job opportunities by cutting travel time from three-four hours now to about one hour, according to one of the statements. The other loan of $250 million will continue support to industrial corridor development to make manufacturing more competitive, bolster national supply chains and links with regional and global value chains, and create more and better jobs, according to another ADB statement. This loan builds on another financing of $250 million approved by the ADB in October 2021 that helped strengthen policy frameworks for India’s National Industrial Corridor Development Programme (NICDP) and develop 11 industrial corridors, it added. The latest loan will help in the integration of industrial corridors with transport,

The Daily Show" host Trevor Noah is returning to Netflix for his fourth original comedy special. The show titled "Where Was I" will witness Noah sharing his «hilarious experiences from his recent travels, around the world, ranging from foreign national anthems to varying cultural norms,» as per the official logline.

Hyderabad Auto & Taxi Drivers Association on Monday announced the launch of a new ride-hailing app Yaary, backed by the government’s Open Network for Digital Commerce (ONDC) protocols. The app has been built by Hyderabad-based startup Yaary, founded by former fintech professionals. Yaary has already onboarded over 20,000 auto and taxi drivers in Hyderabad, and is collaborating with various other driver associations across other cities to launch similar mobility apps, it said in a statement.

markets and a depreciation of the domestic currency is likely to enhance the competitiveness of the country’s exports while making imports of goods costlier. In a written reply in the Lok Sabha, minister of state for finance Pankaj Chaudhary also said spill-overs from geo-political tensions, aggressive monetary policy tightening across the world and recent surge in crude oil prices are some of the factors exerting pressure on the rupee against the dollar. At the same time, the exchange rate is only one of the several factors that influence demand for exports and imports in an economy, Chaudhary said. These factors include the types of the tradeables (essential or luxury items), availability of substitutes, freight costs and income growth of countries that buy goods and services from India. “Thus, the impact of recent depreciation of the Indian Rupee against the US Dollar, on levels of exports and imports cannot be isolated,” he added. The domestic currency has depreciated by more than 41% against the greenback since May 30, 2014 when one dollar equalled Rs 59.03. He said the Reserve Bank of India (RBI) regulates the foreign exchange market with a view to ensuring its “orderly functioning and development while eschewing undue volatility”. The central bank has announced a raft of steps in recent years to diversify and expand the sources of forex funding to mitigate exchange rate volatility and dampen global spill-overs, Chaudhary said.

FTX Trading Ltd. unveiled its latest proposal for returning billions of dollars to customers and creditors, kicking off a final round of potential squabbles about how best to end the bankruptcy case of the fraud-tainted crypto firm.

Developers from sectors like asset tokenization, gaming, DeFi, and SocialFi have recently gravitated towards Avalanche (AVAX). This has kept the blockchain ahead of the curve.

By Supantha Mukherjee

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Cloud kitchen startup Curefoods has invested Rs 10 crore in restaurant and food discovery platform Hogr on Monday. Bengaluru-based Hogr allows users to discover new restaurants and dishes through personalised recommendations from mutual connections and individuals with similar taste preferences. The platform provides suggestions for dining choices and helps build a broad food network through a recommendation system.

A15 Bionic chip. Get this on Amazon for ₹52,999. OnePlus Nord CE 3 Lite 5G: With smart features such as 6.72 inches display, Qualcomm Snapdragon 695 5G processor, a 108 MP main camera, a 16 MP front camera, and 5000 mAh battery, one can experience remarkable performance at with the OnePlus Nord CE 3 Lite.

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The crypto world is abuzz with the rapid rise and fall of Solana’s JTO token, a rollercoaster ride following its recent airdrop. Amidst this fluctuating market, InQubeta (QUBE) is making significant strides, steadily cruising past the $6.8 million mark in its presale, showcasing remarkable investor confidence and potential.

Pidge has introduced TRACE—a solution for effective fleet management, providing deep intelligence to all businesses looking to manage on-ground fleets of executives and vehicles. Enabling no-touch management for logistics teams, TRACE offers businesses real-time intelligence on fleet and vehicle Tracking, effective Routing, real-time Alerts, Customisability, and Exception management (TRACE).

EV finance and asset management platform Finayo on Monday said it has secured Rs 16 crore in funding from investors, including NBFCs F Mec and CFPl, as well as HNIs and angel investors. The funding aims to fuel technological advancements and extend the platform's presence across India, said Finayo. F Mec International Financial Services Ltd and Choice Finserv Pvt Ltd are RBI-registered NBFCs, providing funding to progressive businesses, according to the platform.

Digital will be a convenience but plastic will remain in vogue albeit the drop in their usage, says Ramanathan RV, CEO & Co-founder, Hyperface.

private equity investor InvAscent, through India Life Sciences Fund IV, has invested $10 million to acquire a minority stake in ABI Health Technologies Private Limited Ltd, a health-tech Software as a Service (SaaS) company headquartered in Bangalore. Founded in 2018 by Ajit Veerappan, ABI is a health-tech SaaS business which provides technology solutions to hospitals and diagnostic Labs. The company’s product, ClaimBook, helps a hospital to automate its entire health insurance claims management process, improving revenue cycles while reducing revenue leakage.

The next few months are crucial for final-year college students. It involves selecting a line of work, going through placement processes and interviews, and generally taking the first steps towards the rest of their lives. The process can lead to more questions than answers. This series, the Class of 2024, aims to simplify the way to navigate the world beyond the campus by talking about the sectors with opportunities, ways to use online platforms and preparing resumes, among other things. The fourth of the 10-part 'Class of 2024' series looks at the emerging areas freshers can tap for jobs. With shifts in technology increasing, the world of jobs is also evolving.

More companies are turning to blockchain-based private credit as they seek financing amid increasing interest rates, leading to a significant surge in this sector. 

Fresh tokens enter the market frequently, yet only a select few succeed in capturing the interest of investors and leaving a lasting impression. Among the recent standout tokens are Bonk Inu (BONK) and Retik Finance (RETIK).