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Mint.A second fund, still on the drawing board, is a blended finance fund of similar size, Rai said in an interview at the Mumbai headquarters of Nabfid, which was founded in 2021. The company was initially set up as a development finance institution to support long-term projects.“We are (also)likely to launch an alternative investment fund, mainly for the equity side, in the next six months,” Rai said.Nabfid’s new subsidiary will be like a holding company, under which there will be multiple alternative investment funds (AIF).

Subscribe to enjoy similar stories.Potential competition from the National Stock Exchange (NSE), India’s largest bourse, hasn’t perturbed the country’s largest commodity derivatives exchange, MCX, though it is keeping a close eye on NSE’s activity in the commodity derivatives segment (CDS), Praveena Rai, managing director & CEO of MCX indicated on Monday.MCX dominated the commodity options market in FY26 with a 99.9% share, leaving rival NSE with just 0.1%."We are watching the space very closely… it is a large competitor and they have made their intention felt in the market with the focus they are placing on the commodity segment," Rai said in response to an analyst’s query on evolving challenges during the company's Q4 earnings call.Rai didn't name NSE, but the reference was unmistakable as it is the second-largest non-agri commodity contender in CDS, ahead of BSE.Though NSE entered the CDS in 2018, it began working at increasing its market share in earnest only since late last year. Starting last November, it revised the expiry of its WTI crude oil options contracts to seven days before the underlying futures expire—a significant shift from its previous two-day window and the current schedule followed by MCX.In March 2026, it launched a 10-gram gold contract to compete with MCX’s benchmark gold contract, followed last month by a dated Brent Platts futures contract to gain a foothold in the energy derivatives market.

Subscribe to enjoy similar stories. MUMBAI : The banking hiring cycle has turned, as India’s top campuses are feeling the momentum again and premier engineering and business schools are humming. In the hushed corridors of the Indian Institute of Technology (IIT) campuses and the polished atriums of top business schools, recruiters from private lenders and foreign banks are back in force, testing and interviewing candidates, and handing out offer letters to the best fits.

Subscribe to enjoy similar stories. Hindi language filmmakers who have increasingly begun to bank on the trend of ‘spiritual sequels’ – films that may be similar in tone or theme to an earlier hit, but not a direct continuation of the plot, or even those that feature the same cast – may be in for legal challenges. Film production and distribution house Eros International Media has filed a suit in the Bombay High Court against filmmaker Aanand L Rai and his production house Colour Yellow Media Entertainment LLP.

Subscribe to enjoy similar stories. MUMBAI : As most credit card issuers chase premium experiences and luxury rewards to drive higher spending, BoB Card is betting on healthcare, wellness and insurance-led benefits to carve a niche for itself. With rising medical costs and changing customer preferences reshaping how credit cards are used, the Bank of Baroda subsidiary is moving away from one-size-fits-all offerings towards cohort-specific products.

Impact investor Aavishkaar Capital is increasingly looking to complement its long-cycle carbon bets with newer, faster-return climate opportunities—areas where capital can turn over quicker, risks are easier to price, and revenues don’t hinge on 20-year biological curves. The shift comes even as the impact investor continues to build out its permanent capital vehicle for carbon sequestration, incorporated in 2024 as Aavishkaar Carbon, the firm’s founder, Vineet Rai and Santosh Singh, managing director at Intellecap, the advisory arm of The Aavishkaar Group, told Mint in a joint interview.Aavishkaar Carbon was set up to invest in growing trees on Indian farms to promote carbon sequestration and monetise it through the carbon trade market.

Bhupendra Singh Chaudhary on Saturday said a committee had been formed at the state level to oversee the programmes. The party's state general secretary Sanjay Rai has been made convenor of the committee. The BJP was founded on April 6, 1980. Chaudhary said party workers would decorate offices across the state and hoist the party flag at their homes. An exhibition on the BJP's successful journey will also be held at the district level. On Monday, the party workers will offer floral tributes to Syama Prasad Mookerjee, Pandit Deendayal Upadhyaya and Bharat Mata at each booth. Conferences of active members will be held in each assembly constituency on Tuesday-Wednesday.

Rajya Sabha gave its approval, following 12 hours-long debate over the proposed legislation. The bill, which seeks to improve the administration and management of waqf properties in India, was passed with 128 votes in favour of the bill, as against 95. The Lok Sabha passed the Bill with a 288-232 vote in the wee hours of Thursday after nearly 12 hours of debate. Tabling the Bill in the Upper House, which was examined and redrafted by a Joint Parliamentary Committee (JPC), Rijiju said the proposed legislation has nothing to do with religion, but deals only with properties. The Bill aims to include all the Muslims sects in the Waqf board, Rijiju said. The government proposes to rename the Waqf Bill as Unified Waqf Management Empowerment, Efficiency and Development (UMEED) Bill. The bill was earlier presented in the Lok Sabha in August of last year and a Joint Parliamentary Committee, headed by BJP member Jagdambika Pal, examined it.

Mansoor Khan directorial, which hit the theatres in 2000, featured Khan and Rai as siblings and was an unofficial adaptation of the 1961 American musical ‘West Side Story.’ The movie went on to become a modest success at the box-office, and Shah Rukh received critical acclaim for his performance as Max Dias, a delinquent youth who leads a gang. In an interview with PTI, Mansoor Khan revealed that his cousin, superstar Aamir Khan, was initially supposed to be a part of the movie, but he backed out when his wish to step into the shoes of Max was declined. Mansoor revealed that Aamir was offered to play the role of Aishwarya’s love interest, Rahul, which he turned down.

An atmospheric river is bringing a significant amount of moisture from the tropics, fueling a low-pressure system and potentially causing flooding and slips. Buller and Tasman districts in the South Island could receive a month's worth of rain in 48 hours. The heavy rain is expected to impact the western and northern regions of both islands. MetService and NIWA have advised residents to clear drains, avoid low-lying areas, and drive cautiously. The warning have been issued for the Westland District ranges, Buller district, Tasman northwest of Motueka, Nelson Lakes, Bryant Range, Rai Valley, and Marlborough ranges northwest of the inland Kaikoura Range. “Many areas probably in these regions seeing a couple of hundred millimetres or more of rain over 48 hours, so yeah this’ll be some pretty beefy rain for that region.” The rain is expected to move up over the North Island later in the week," said NIWA principal scientist Chris Brandolino.

Subscribe to enjoy similar stories. Gurugram: It all began with an unassuming poster, pinned to a wall at a local Bandra library during the pandemic: “Tired of Zoom classes? Presenting Comini Learning Pods." It led curious parents to Priyanka Rai and Sai Gaddam, who had then just moved to Mumbai and were looking for alternative schooling options for their own children. As they began to speak to interested parents, the idea of a learning pod (where a small group of children learn together) turned into something bigger but small enough to suit their needs: Comini Microschool.

Aam Aadmi Party (AAP) is set to hold a meeting of its Parliamentary Affairs Committee at Arvind Kejriwal's residence on Friday. The meeting is expected to focus on the party's strategies for Delhi and its expansion plans in Punjab, Gujarat, and Goa.

NIA is probing foreign links to terror acts, human trafficking and terror financing emanating from foreign soil, minister of state for home Nityanand Rai informed the Rajya Sabha on Wednesday. Referring to NIA (Amendment) Act, 2019, he said the agency has been empowered to investigate terrorist acts on Indian missions. In reply to supplementary questions during Question Hour, Rai said during the investigation of cases in the last year, NIA found that the accused were based outside India's borders.

National Investigation Agency (NIA) is probing foreign links to terror acts, human trafficking and terror financing emanating from foreign soil, Minister of State for Home Nityanand Rai informed the Rajya Sabha on Wednesday. Referring to the NIA (Amendment) Act, 2019, he said the agency has been empowered to investigate terrorist acts on Indian missions abroad as part of the dispensation’s commitment to zero-tolerance towards terrorism. In reply to supplementary questions during Question Hour in the Upper House, Rai said during the investigation of cases in the last year, NIA has found that the accused were based outside India’s borders.

Aishwarya Rai Bachchan did not hesitate to ditch the makeup when she shot for the 1999 blockbuster ‘Taal’. In a recent interview, director Subhash Ghai said that he had always emphasised on showcasing the natural beauty of his leading ladies and insisted his heroines don a minimal amount of makeup. “I always request my heroines to limit their use of makeup as it brings out real emotions. The first time Aishwarya applied makeup in Taal was during the shoot of the song Kahin Aag Lage Lag Jaaye. When I cast Aishwarya for the role, I wanted to portray the life of a simple and divine girl who was naturally beautiful,” the veteran filmmaker explained.

IRCON International are set to be in focus on Tuesday after the company, in a joint venture with Badri Rai and Company, secured an Engineering, Procurement, and Construction (EPC) contract worth Rs 1,096.17 crore from the Directorate of Urban Affairs, Government of Meghalaya. The project involves the construction of a new Secretariat Complex, including campus infrastructure, in New Shillong City. IRCON holds a 26% share in the joint venture, amounting to Rs 285 crore, while BRC holds the remaining 74%. The contract has a completion timeline of 36 months.

Manisha Koirala, and model Rajeev Mulchandani. What started as a rumored romance quickly spiraled into a public spat, with accusations, emotional turmoil, and a war of words that left Bollywood buzzing and Aishwarya Rai crying “like crazy”.

pilots in the next 15-20 years as domestic airlines have more than 1,700 planes on order as they expand their network, Civil Aviation Minister K Rammohan Naidu said on Tuesday. Asserting that the ministry is working with a collective approach for the aviation industry, he also said that officials are verifying various aspects of 38 Flying Training Organisations (FTOs) and these organisations will be rated. The minister was speaking at a function to mark the signing of a Memorandum of Understanding (MoU) for an order for 200 trainer aircraft. Indian airlines have placed orders for more than 1,700 aircraft and currently, there are over 800 planes, Naidu said.

James submitted before the Special CBI judge Sanjeev Aggarwal that he would need at least two months to apply for and get access to a passport as the same had expired. The accused, Michel James, needs to surrender his passport to the court authorities as one of the conditions required to be fulfilled for the grant of bail. On March 7, the Court directed Michel James to furnish a bond of Rs 5 lakh with one surety of the same amount as part of his bail conditions. The court had also directed Michel to surrender his passport. Since his passport had already expired, the court directed him to apply for a new passport with the British High Commission as per the prescribed rules.

USCIS) has announced a one-month grace period for older versions of immigration forms, including green card applications. This decision comes after a lawsuit challenged the agency's sudden rollout of new forms without prior notice. According to Bloomberg Law, USCIS will now accept previous editions of updated forms for 30 days from the date new versions were issued. The agency confirmed this update in a notice published on its website. Forms impacted by this decision include Form I-485 for green cards, Form N-400 for naturalization, and others. Earlier, the USCIS introduced updated forms with an edition date of January 20, 2025. However, when these forms were released in late February and early March, the agency did not provide a grace period. This led to confusion among applicants and attorneys, as older versions were submitted even after the updates took effect.

earthquake of magnitude 4.1 jolted Tibet on Tuesday, a statement by the National Center for Seismology (NCS) said. As per the NCS, the earthquake occurred at a depth of 10km, making it susceptible to aftershocks. In a post on X, NCS said, «EQ of M: 4.1, On: 11/03/2025 12:39:06 IST, Lat: 28.52 N, Long: 87.40 E, Depth: 10 Km, Location: Tibet.» Shallow earthquakes like this one are more dangerous than deeper ones due to their greater energy release closer to the Earth's surface, causing stronger ground shaking and increased damage to structures and casualties, compared to deeper earthquakes, which lose energy as they travel to the surface.