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VCs shift focus to ESG norms, not just ‘financial parameters’ for startup funding ESG ratings emerged as a response to the growing interest among investors and regulators in examining the wider impact of companies on all stakeholders. These ratings are an important gauge, especially for large funds that have various social or environmental mandates. ESG ratings are not standardised.

₹30 crore of unexplained currency in a Jharkhand legislator’s home, it is time to shine a light on a somewhat obscure term: Politically exposed persons (PEPs). This term refers to individuals who hold political office or public positions such as judgeships and bureaucracy posts, or have a close association with those who hold such authority. Data from Rzolut, a risk and compliance technology and data provider, reveals that there are over 2.3 million PEPs around the world, ranging from country presidents to municipality officials.

Mazagon Dock Shipbuilders has excelled, with a stellar return of over 277% in the past year. The company is one of India's leading defence public-sector undertaking shipyards under the Ministry of Defence (MoD). It is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers.

Paytm has announced potential job cuts and plans to trim non-core assets following its first-ever decline in sales on May 22, Bloomberg reported. This comes after a regulatory probe into the startup's financial arm Paytm Payments Bank (PPBL) by the Reserve Bank of India (RBI) significantly impacted the company's operations. The fintech pioneer, once a symbol of India’s startup success, reported a net loss of ₹550 crore in the quarter ended March 2024, while its revenue from operations in Q4FY24 dipped 2.6 percent to ₹2,267.10 crore, marking its first drop since its 2021 stock-market debut.

Hemant Soren, which challenged his arrest by Enforcement Directorate (ED) in connection with money laundering case. The plea seeking interim release was dismissed by the vacation bench of Justices Dipankar Datta and Satish Chandra Sharma, denying relief to Soren. Further, the apex court also pulled up Soren for “suppressing facts" from it that he had filed bail plea before trial court, following which he withdrew his petition, as per a PTI report.

Incofin Investment Management has invested $10 million SaGgraha Management Services, a business correspondent wholly owned by SAVE Solutions, which itself provides the last mile banking services in the rural hinterlands through its some 10000 touchpoints. The equity funding came from Incofin India Progress Fund (IPF) of the Belgium-headquartered impact investor. IPF is a registered category II alternative investment fund. The investment in SAVE is its fourth investment in the financial inclusion space.

Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business. Once a role model for India’s nascent startup economy, Paytm’s net losses swelled several-fold to 5.5 billion rupees ($66.1 million) for the three months through March. The company known as One 97 Communications Ltd. reported a 2.6% slide in revenue to 22.7 billion rupees — the first drop since its 2021 stock-market debut. Its shares slid as much as 2%. Also Read: Paytm Q4 Results: Loss widens to Rs 550 crore; revenue drops 3% YoY

The death of a British man and injuries impacting dozens of other people aboard a Singapore Airlines flight have highlighted the potential dangers of flying through extreme turbulence

U.S. stock indexes drifted higher to set more records following another quiet day of trading

Germany’s foreign minister says sending air defense systems to Ukraine to help protect it from Russian cruise missiles, rockets and drones is an “absolute priority.”

Stocks that traded heavily or had substantial price changes on Tuesday: Keysight Technologies, Nordson fall; Eli Lilly, Lam Research rise

The Georgia Ports Authority says a surge of auto imports rerouted from Baltimore led to its busiest month ever for car and truck shipments

TrueUSD (TUSD) has joined efforts with Bitci to offer various stablecoin campaigns, including a zero-fee trading campaign that offers users an opportunity to trade TUSD without fees.

Heat wave to severe heat wave conditions are expected to persist over the plains of Northwest India and heat wave conditions over northern Madhya Pradesh and Gujarat State for the next five days, according to India Meteorological Department. Heat wave to severe heat wave conditions have been observed in many parts of Haryana and Delhi, and in some parts of Punjab. Heat wave conditions are also present in parts of Rajasthan and Uttar Pradesh, with isolated pockets in Gujarat and Madhya Pradesh. These conditions have been prevailing over the Gujarat region since May 15, Saurashtra & Kutch since May 16, and over Punjab, Haryana-Chandigarh-Delhi, Uttar Pradesh, and Rajasthan since May 17, 2024. Sirsa (Haryana) had recorded a temperature of 47.8 degrees on Tuesday while Najafgarh (Delhi) was the hottest in India on Monday, recording a temperature of 47.4 degrees.

Varun Beverages Ltd. gained 0.11 per cent to Rs 1512.65 at 10:55AM (IST) in Wednesday's trade. The scrip hit a high of Rs 1522.5 and low of Rs 1509.5 so far during the session. The stock had closed at Rs 1510.85 in the previous session. The counter had a total traded volume of 10:55AM shares so far with a turnover of Rs 2.62 crore on BSE. The stock traded at a price-to-earnings multiple of 90.85 and a price-to-book ratio of 23.16.

coaching hub of India. Most students aspiring to get into IITs head there to prepare for the toughest exams like JEE. However, Rajendra Choudhary, who developed the Meesho online shopping platform and studied in Kota earlier, warns that students need to be mentally and emotionally strong to survive in the city. «If you go to Kota, you will become like a machine. Most of the time will be spent studying and giving exams. It is important to be mentally and emotionally strong to survive two years in that city,» says Rajendra. Rajendra, who hails from Balapura in the Bhilwara district of Rajasthan, went to Kota to study for engineering entrance exams after completing 11th grade.

BENGALURU : One 97 Communications, the parent of payments aggregator Paytm, on Wednesday reported a fall in its fiscal fourth quarter revenue, hurt by a dwindling customer base after the regulatory authorities directed the payment giant to halt certain banking activities. Losses also widened for the three months through March on the back of an impairment of ₹227 crore for carrying the value of company's investment in Paytm Payments Bank Ltd, it said in a statement. Revenue fell to ₹2,399 crore in the quarter ended 31 March 2024, from ₹2,465 crore a year earlier.

Also Read: This UK Royal broke code of conduct during Barack Obama's 2016 visit to the UK In an interview with 7News, Simon said that he is maintaining confidentiality regarding specific case details, and he and his wife, Dr Elvianna Dorante-Day, have been diligently collecting evidence. The King and Queen are scheduled to visit Australia in October of this year.

Hitachi Energy surged 8% to ₹11,700 apiece in early morning trade today following the release of impressive Q4 and full fiscal year (FY24) results. After market hours on Tuesday, the company reported a 123.7% increase in Q4 consolidated net profit, reaching ₹113.7 crore compared to ₹50.8 crore in Q4 FY23. Sequentially, net profit soared 394.8%, with the previous quarter's profit at ₹23 crore.

Bharat Heavy Electricals (BHEL) cracked almost 8 per cent in early deals on BSE on Wednesday, May 22, a day after the company reported its March quarter (Q4) scorecard. BHEL share price opened at ₹305 against its previous close of ₹319.20 and crashed about 7.6 per cent to hit the level of ₹295. The stock, however, pared losses soon and traded 4.61 per cent lower at ₹304.50 apiece around 9:20 am.

Kate Middleton is unlikely to return to royal duties soon, although she continues to be briefed on the work of her main causes while she undergoes cancer treatment.