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The Bengaluru-based fintech unicorn said it wants to back 10-15 companies every year and could invest up to a million dollars in each. The company has a target of investing in at least 50 startups through this programme. Razorpay Venture Investment Programme, as it is named, will scout for opportunities in sectors like fintech, travel, healthcare, hospitality, retail and ecommerce. But the company intends to invest only in business-to-business (B2B) startups. The Reserve Bank of India-licensed payment aggregator believes that India will see 10-15 B2B unicorns getting created over the next five years.

Subscribe to enjoy similar stories. MUMBAI : Investing can sometimes feel overwhelming, with so many options available. One strategy that often stands out is focusing on monopoly businesses.

Qatar named Mohammed Al Sowaidi as the chief executive officer of its $510 billion sovereign wealth fund, which is set to acquire even more financial firepower in coming years. Al Suwaidi, who joined the fund in 2010, was most recently chief investment officer for QIA in the Americas region and helped establish a US office. He replaces Mansoor Al Mahmoud, who's led the entity since 2018 — longer than a typical four-year term. The QIA is the world's eighth-largest sovereign fund with around $510 billion in assets under management, according to consultancy Global SWF. It was founded in 2005 to handle the country's revenue from liquefied natural gas, of which Qatar is one of the biggest exporters.

Donald Trump’s landslide victory has shaken Canadians and rattled the loonie, but on balance will be beneficial for the country, notably its natural resource sectors.

Activist investor Elliott Investment Management has taken a more than $5 billion stake in Honeywell International and is calling for the industrial conglomerate to split into two separate companies

Apple was notified by the European Union that its geo-blocking practices are potentially in breach of consumer protection rules, adding to the iPhone maker's regulatory issues in the bloc. Apple's App Store, iTunes Store and other media services unlawfully discriminate against European customers based on their place of residence, according to a European Commission statement on Tuesday.

Indian Railways has utilised 61% of its budgeted allocation — till October-end — through a ₹1.63 lakh crore capital expenditure (capex) for the current fiscal. According to officials aware of the development, earnings of the national transporter were at an upswing with ₹1.02 lakh crore earnings from freight and ₹46,374.5 crore from passengers during the months under review. «Total revenue stood 6.1% higher at ₹1.49 lakh crore this fiscal,» a senior official told ET. For the full fiscal, the Railways has earmarked ₹2.65 lakh crore as capex. It also expects to rake in ₹80,000 crore from passengers, and ₹1.80 lakh crore as freight revenue.

Reliance Retail is temporarily shutting down stores in its department chain Centro to reposition the format with mostly its own brands and labels it has launched in India as a licensee partner. In September 2022, the retail division of Reliance Industries had converted Future Group's Central into Centro in locations where it had taken over the lease after the Future Group surrendered the property to it. Reliance Retail has shut three stores and will shut another two dozen doors by the end of the month, according to executives of companies which have been asked by the country's biggest retailer to take back their inventory and fixtures citing renovation and repositioning of the format.

high-end smartphones are set to get at least 5% more expensive, driven by use of more powerful and complex chipsets for AI use-cases along with more powerful memory modules and other components. Leading chipset companies-Qualcomm and MediaTek-have guided gross margins on mobile phone chipsets to go down in the December quarter due to increasing wafer costs. Taiwanese chipset maker TSMC is raising costs for leading-edge 5nm and 3nm processors that are majorly utilised by smartphone chipmakers. Meanwhile, chipset designer ARM is also raising licensing costs for companies like MediaTek, even as it is embroiled in a lawsuit against Qualcomm for its use of custom CPU cores in its latest generation mobile chipset. Experts believe Qualcomm will likely settle ahead of the hearing in December, with ARM pushing to raise license fees with Qualcomm as well.

Economists, however, struck a note of caution in view of softening urban demand. «There is improvement in the numbers, but IIP is extremely volatile,» said Gaura Sen Gupta, chief economist at IDFC First Bank.

Europe's main index plunged 2% to a near three-month low on Tuesday, as concerns over the fate of U.S.-China relations cast a shadow over stocks with significant exposure to the world's No. 2 economy, while some downbeat earnings also weighed. The STOXX 600 also notched its steepest one-day decline since early August after Monday's 1% jump.

Pakistan Cricket Board (PCB) said Tuesday it has asked the sport's governing body to explain India's refusal to send a team to Pakistan for the Champions Trophy next year. The International Cricket Council informed the PCB last week that India would not tour Pakistan for the eight-team tournament, leaving the fate of the event hanging in the balance. Pakistan had previously rejected the option of a hybrid arrangement that would allow India to play their matches at neutral venues, for example in the United Arab Emirates.

EV charging facility as oil companies quadrupled the number of pumps with chargers in two years despite installation and consumer demand challenges. EV charging facilities are available at about 17,900 pumps, with state-run oil companies accounting for 95% of these, according to the oil ministry data. Two years ago, only 4,100 pumps offered EV charging. Indian Oil Corp is the leader with EV facilities available at 10,057 pumps. Hindustan Petroleum operates 3,705 pumps with chargers and Bharat Petroleum 3,146.

...the people Had squandered the confidence of the government And could only win it back By redoubled work. Would it not in that case Be simpler for the government To dissolve the people And elect another? — Die Losung (The Solution), Bertolt Brecht, 1953 Brecht, of course, was mocking the Stalinist government of East Germany, against which the people had staged an uprising in 1953, only for it to be crushed. However, there is a strong case for stripping Brecht's solution of installing a new people of all irony, and adopting it as the primary project of redemption around the world, given the kinds of leaders who get elected. Does this sound frivolous? Or worse, elitist? Instead of moulding yourself to find acceptance among the people who had rejected you, isn't it pure conceit to hope to change them, rather than change yourself?

Flipkart, Amazon, Swiggy and Zomato, and has reportedly found them to have violated competition law. Reactions to CCI's preliminary probe reports are premature. It's crucial to understand that CCI's investigation reports are only preliminary findings, based on an investigation conducted by DG. These reports are not CCI's final decision, nor binding on anyone. DG's investigation is one step in a lengthy quasi-judicial process that will culminate in a final decision by CCI. One needs to contextualise DG's investigation within CCI's overall decision-making process.

US President- elect Donald Trump is all set to inherit an US economy which is showing signs of severe growth while he will be resuming his office in the month of January. According to The Associated Press, in spite of the fact that Donald Trump eventually won the Presidency due to voter frustration over inflation and economic conditions, he is going to find a pretty low unemployment rate and easing inflation as well. The Associated Press reported that the administration of Joe Biden has already initiated numerous infrastructure projects which include a computer chip plant in the state of Arizona and an electric vehicle factory in the state of Georgia which might continue under the leadership of Donald Trump. On the other hand, Joe Biden have acknowledged the fact that the benefits of his economic policies would be eventually felt following the end of his term while he also stated that much of the positive impact will unfold over the next decade. Also Read: Wild theories: Did Kate Middleton have cancer? Conspiracists are suggesting that the Princess of Wales may not have had cancer at all

Subscribe to enjoy similar stories. Industrial technology major Siemens will be focusing on delivering artificial intelligence-based solutions to its customers over selling simple components to differentiate itself and enrich its margins, a top global executive at the firm said.

MTNL has defaulted on a total payment of Rs 5,726.29 crore, comprising a principal amount of Rs 5,492 crore raised from various banks and an interest of Rs 234.28 crore, the company said in a regulatory filing. The company shared that its total financial debt now stands at Rs 32,097.28 crore — 40 times more than its consolidated annual income of Rs 798 crore. Union Telecom Minister Jyotiraditya Scindia on Tuesday told reporters that there is no insecurity about the debt raised by MTNL as it is backed by a sovereign guarantee and the company's business will be transferred to BSNL.

Mamata Banerjee on Tuesday announced that the state government will reconstitute the 16 development boards under the Gorkhaland Territorial Administration (GTA) within the next one-and-half-month and will form of a special monitoring cell to screen the functioning of the various boards in the hills. The decision was taken after a meeting convened by the Chief Minister with the Gorkhaland Territorial Administration (GTA) officials, including the GTA chief executive Anit Thapa. “The development boards in the hills will be reorganized within the next couple of months for the purpose of smooth functioning. Anit Thapa will be chairman of the monitoring cell. District Magistrates of Darjeeling and Kurseong will be part of the team,” Chief Minister told the media after the meeting.

The two sides had started coordinated patrols in the first week of the month after completing disengagement in both Demchok and Depsang in the last week of October. The two sides have agreed to carry out one patrol each by both sides every week in Depsang and Demchok. In each area, one patrol would be carried out by Indian troops and one patrol would be done by the Chinese troops, defence sources told ANI.

After a disappointing batting performance in the second match, India will be looking to make changes to their lineup. Abhishek Sharma's recent form is a concern, and the team may consider bringing in Tilak Varma to open with Sanju Samson. Ramandeep Singh is also an option for the middle order. India's key batters, including Suryakumar Yadav, Hardik Pandya, and Rinku Singh, will need to perform consistently. Pandya, despite scoring 39 runs in the previous game, was slow to score, highlighting an area for improvement. While Samson is currently in good form, other batters must contribute if he has an off day.