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Manipur but relegated to the annals of history, is now undergoing a remarkable revival, thanks to the Rs. 650 crore Lamphelpat Waterbody Project initiated by the Water Resource Department, Manipur, in collaboration with the Ministry of Jal Shakti. The primary objective of this ambitious project, as articulated by Remmei Alemmei, Chief Engineer of Manipur's Water Resources Department, is to develop Integrated Flood Risk Management and ensure water security in the Imphal Valley. With a staggering water storage capacity of 124 million cubic meters, Lamphelpat Waterbody is poised to provide potable water to over 4 lakh residents of Imphal city through the Public Health Engineering Department (PHED). Moreover, this rejuvenation endeavour is not merely about bolstering water resources; it also entails preserving the ecological integrity of the Nambul River, enhancing aesthetic values, and promoting eco-tourism potential in the Imphal city. Already, there have been promising signs of ecological revival, with increased sightings of migratory and resident birds flocking to the waterbody.

₹90.04 crore from anchor investors, a day before its initial public offerings (IPO) opens for subscription. According to an exchange filing, Krystal Integrated Services allocated 12,59,265 shares at ₹715 per share to 10 anchor investors.

Federal Bank and South Indian Bank to stop issuing new co-branded credit cards, marking a step towards increased regulatory scrutiny. In a stock exchange filing on Wednesday, Federal Bank said it is rectifying the deficiencies, and will await regulatory approval before issuing new cards. Nevertheless, the bank will continue offering credit cards to both new and existing customers in the non-co-branded segment.

US House of Representatives overwhelmingly approved a bill on Wednesday that would force TikTok to divest from its Chinese owner or get banned from the United States. The lawmakers voted 352 in favor of the proposed law and 65 against, in a rare moment of bipartisan unity in politically divided Washington.

Vedanta Ltd on Wednesday said it will appeal against Sebi's order to pay ₹77.6 crore penalty to Scottish explorer Cairn UK Holdings Ltd for delay in paying dividends to its erstwhile shareholder, news agency PTI reported. Vedanta said the Scottish firm had given up its right to claim interest when it settled a retrospective tax demand with the government. "Vedanta Ltd will appeal the Sebi order before the appropriate forum," the mining conglomerate said in a statement.

Karnataka naming candidates for 20 constituencies. Former chief minister Basavaraj Bommai, who represents Shiggaon in the assembly, will contest from Haveri, which is also his native district. The party has dropped former union minister DV Sadananda Gowda (Bengaluru North), Pratap Simha (Mysuru), Sanganna Karadi (Koppal), Nalinkumar Kateel (Dakshina Kannada) and GM Siddeshwara (Davanagere) while making some changes.

Covalent (CQT), recognized as a leading multichain indexer with 225+ chains, is entering an exciting integration with Gnosis Chain, a prominent Ethereum Virtual Machine (EVM) blockchain. This marks a significant milestone as it introduces cutting-edge, real-time data indexing including Covalent’s Unified API and GoldRush Kit into the dynamic Gnosis ecosystem. In doing so, it is reshaping onchain data accessibility for Gnosis’ developers.

MUMBAI : Byju Raveendran received an extended relief from the Karnataka High Court on Wednesday, allowing him to remain at the helm of Byju’s, amid a volley of charges and countercharges between his troubled edtech company and its investors. But that could also result in Think & Learn Pvt.

NEW DELHI : On Tuesday, Apple announced “more flexibility" in terms of enabling app downloads from outside of its proprietary applications marketplace. While the move is selective to a filtered group of apps, and applicable only in the European Union (EU), industry stakeholders said that the move is of great significance, and will set a global precedent in anti-competition and digital markets regulations across the world—including in India.

₹9,650 crore and was approved by a majority of lenders. The plan has to be implemented within 90 days of the date of the order which came on 27 February.

In the presentation, Witlox outlined the benefits of a digital euro that will complement cash in Europe, detailing that it would strengthen strategic autonomy by reducing dependence on non-European payment providers and offer another form of trusted and secure transactions for people in Europe.

By Iain Withers

On Wednesday, Mizuho Securities reiterated its buy rating and a price target of $156.00 for Fiserv Inc (NYSE:FI) (FISV), as speculation continues regarding the potential acquisition of Shift4 Payments, Inc. (FOUR). Fiserv, a prominent financial services technology company, has been mentioned alongside Amadeus as a possible suitor for Shift4 Payments, a provider specializing in integrated payment processing and technology solutions. However, Amadeus publicly expressed disinterest in a deal.

One of the most critical errors in retirement planning is failing to start early enough. This mistake can severely impact one's financial security and comfort in later years. Beginning your retirement savings at a younger age takes advantage of compound interest, where even small contributions can grow significantly over time. The power of compounding is such that the longer your money is invested, the more potential it has to grow, making early investments disproportionately beneficial. Delaying retirement savings often leads to a challenging catch-up scenario.

Coal India, Adani Ports & Special Economic Zone, Adani Enterprises, NTPC, Tata Steel, and ONGC saw losses of over 5%. Moreover, the market was also influenced by the uptick in US inflation to 3.2% in February, raising concerns about the possibility of a rate cut by the US Federal Reserve in the near term. This, however, boosted the dollar index, and even the US stock market surged.

V Anantha Nageswaran on Wednesday said words like 'sustainable', 'green', 'climate' and 'environment' are fads that have «lost their meaning» now. They have been used as "convenient packaging" by all to continue with the activities they do, he rued.

capital on Wednesday amid weak trends in the overseas markets, according to HDFC Securities. The precious metal had closed at Rs 66,350 per 10 grams in the previous trade. Silver also plummeted Rs 600 to Rs 75,300 per kg. In the previous close, it had settled at Rs 75,900 per kg.

Nifty on Wednesday ended 338 points lower to slip below its immediate support of the short-term moving average i.e. 20-DEMA and also breached the trendline support. The bullish pattern like higher tops and bottoms continued on the daily chart and the present weakness could be in line with the new higher bottom formation. But a decisive move below 21,860 levels (last higher bottom of 29th Feb) could negate this bullish setup and that could eventually form a bearish pattern like lower tops and bottoms, Nagaraj Shetti of HDFC Securities said.

Yogi Adityanath on Wednesday said people should not «waste their votes» on the Congress and the Samajwadi Party (SP) «if they cannot do anything for the poor». In Farrukhabad, Adityanath lashed out at the previous governments and cautioned the voters not to get seduced by those who «imposed curfews, prevented progress and worked on a policy of appeasement». Addressing a function in Unnao to inaugurate and lay foundation stones of projects worth Rs 241 crore, the chief minister asked the gathering, «Could those in the Congress have made the Ram temple (possible) in Ayodhya? Could those in the SP have made it? If they cannot give ration, houses or health facilities to the poor nor can they respect your faith by building a Ram temple, why do you waste your vote and accept them as a burden over you?» With 80 Lok Sabha seats, the maximum amongst all the states, Uttar Pradesh is the most crucial battleground for the Bharatiya Janata Party (BJP), which is eyeing to retain power for a third consecutive term at the Centre in the upcoming general election.

By David Shepardson