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Holani Venture Capital Fund to capitalize on investment opportunities within the SME sector. The company's focused approach and deep understanding of the SME landscape enable it to identify promising businesses with high growth potential in SME segment The fund to contribute to the growth of the SME ecosystem. Mumbai (Maharashtra) [India], April 9: Holani Venture Capital Fund, a fund promoted by a renowned name in the investing realm, The Holani Group, has received a communique from the Securities and Exchange Board of India (SEBI) for registration of its Alternate Investment Fund, enabling it to operate as a Equity Fund house. This landmark communication marks a significant milestone for the Holani Group, signaling its foray into the realm of fund management and investment.

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₹2,043 crore from a year earlier, as per the company's latest filings sourced from Tofler. Fractal Analytics reported a profit of ₹194 crore in FY23 from a loss of ₹148 crore a year earlier. It benefited from an exceptional item gain from the loss of control of a subsidiary company, as per the company's filings.

Bharatiya Janata Party – seeking a record third term under Prime Minister Narendra Modi in the seven-phase elections beginning April 19. The visitors are expected to observe the scale of the elections, billed as largest voting exercise in the world, and understand the ruling party’s campaign strategies, according to a report in the Indian Express. Follow Live Updates on Lok Sabha Polls 2024 Here As of now, the BJP has sent invitation to political parties of at least 25 nations who have been requested to send their representatives to witness the India’s electioneering.

Last week, Prime Minister Narendra Modi asked the Reserve Bank of India (RBI) to prepare a 10-year strategy to make the Indian rupee a globally “accessible and acceptable" currency. Since the Indian economy is expected to be among the world’s three biggest national economies in less than a decade, with only China’s and America’s larger than ours, it is easy to grasp why such an aim might beckon. It’s more than a matter of prestige.

Ride-hailing major Ola Cabs is set to withdraw from its three overseas markets of the UK, Australia and New Zealand by month end. As reported, the company has started sending users notifications on the service’s impending closure, with its Australian operations set to cease from 12 April.

Fourth Partner Energy (FPEPL) has raised ₹125 crore in debt majorly from private credit funds Modulus Alternatives and Incred Private Credit Fund at an interest rate of 14-15%. The fund will be used for expanding the generation capacity, sources said.

BJP is yet to announce candidates for 12 Lok Sabha seats in Uttar Pradesh, including high-profile constituencies such as Rae Bareli and Mainpuri, represented by Sonia Gandhi and Dimple Yadav, respectively. Several factors are at play with the BJP looking for new candidates in some constituencies, while at the same time, trying to keep caste equations in its favour, in several other seats. These 12 constituencies also include Balia, Ghazipur, Machhlishahr which borders Prime Minister Narendra's seat Varanasi in eastern Uttar Pradesh, Kaiserganj, Firozabad, Prayagraj, Bhadohi, Deoria, Kaushambi, and Phulpur. In Kaiserganj, represented by former Wrestling Federation chief Brij Bhushan Sharan Singh, the BJP is considering replacing him with one of his family members. Wrestlers, hailing from the Jat community in Haryana, had protested against him in Delhi and hurled several allegations against him. Jats are an influential votebank in Haryana and can impact at least eight of the ten Lok Sabha seats. But Singh is adamant on contesting again from Kaiserganj. He enjoys influence in the neighbouring constituencies as well. Similarly, in Rae Bareli, BJP is opting for a wait and watch strategy to see if someone from the Gandhi family contests from this seat.

BMO Bank, the U.S. subsidiary of Bank of Montreal, quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labelled an energy “boycotter” in West Virginia.

NEW DELHI : Even as India accelerates towards a greener future with an ambitious target for two-wheeler electrification by 2030, Yamaha Motor India is steering towards a more conservative course. Anticipating a 20% adoption rate for electric scooters by the end of the decade, the local arm of Japan's Yamaha Motor Co.

Wealth Enhancement Group announced some executive leadership appointments as it also celebrates surpassing $81 billion in client assets.

fixed-term leases after hers wasn’t renewed – a decision the rental company said was necessary based on its “overall business strategy.”Sarah Mosher and her wife have been living in a one-bedroom apartment in a small multi-unit complex on Oxford Street for more than five years, but they will soon have to move after their landlord decided to end their fixed-term lease.“They had no complaints…. We’ve been good tenants the whole time,” Mosher said.

BENGALURU : Waycool Foods and Products Pvt. Ltd has sought short-term relief on repayments to its debt lenders, marking a turn of fortunes for a company that was in the race to be India's first agritech unicorn. The move comes shortly after the company raised $30 million through convertible notes in an internal funding round, with most of its existing investors participating, two people familiar with the matter told Mint.

In a stock exchange notice today (9 April), the board said Dimitri Goulandris and Liad Meidar, alongside existing director Richard Boléat, will join a newly formed strategy committee, to be chaired by Goulandris.  The committee will be responsible for undertaking a full review over a period of six months to consider how the trust, which invests directly in Daniel Loeb's flagship hedge fund, may best deliver value to shareholders going forward.  TPOU said the review is not a formal sale process, and is therefore not inviting offers. Instead, the committee will evaluate all possible opt...

Italy's government is mulling tougher penalties for crimes using Artificial Intelligence (AI) tools including market rigging and money laundering, according to a draft law bill seen by Reuters on Tuesday. The 25-article draft bill lays down general principles «on research, experimentation, development, adoption and application» of AI in Italy, to cope with «the impact on fundamental rights» and related economic and social risks.

Nifty on Tuesday ended about 23 points lower to form a small negative on the daily chart, indicating that bulls are getting tired at new highs. Nifty is currently placed near the crucial overhead resistance of the ascending resistance line and also the important Fibonacci extension around 22,750-22,800 levels. The immediate support is at 22,500 levels and a decisive break below this support could trigger a short-term downward correction in the market, said Nagaraj Shetti of HDFC Securities.

While many are familiar with common tax-saving avenues such as Section 80C investments like PPF, ELSS, HRA, or home loan interest, there exist lesser-known strategies that can significantly benefit individuals seeking to minimise their tax burden. Today, we'll delve into five such lesser-known tax-saving tips that can assist not only employees but also business owners and freelancers in legally reducing their tax liabilities.

Merck Tuesday said it has appointed Dhananjay Singh as the managing director of Merck Life Science in India. Singh takes on the role in addition to his current position as head of science and lab solutions commercial, India. Effective April 1, Singh has taken over from Sreenath NS, who is retiring after 36 years of working with Merck in India.

Ghost Kitchens has acquired Ahmedabad-based cloud kitchen firm Shy Tiger Brands. The acquisition is part of Ghost Kitchens’ expansion strategy in Gujarat, it said in a statement. Shy Tiger operates five multi-brand cloud kitchens in Ahmedabad and operates brands like KBOB’s and The Black Chimney. Shy Tiger has an annualised revenue run rate (ARR) of Rs 5 crore, the statement added.

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Savita Subramanian, head of US equity and quantitative strategy at BofA Securities, talks about why she is bullish on US equities when many on Wall Street are cautious. Edited excerpts: You are one of the most optimistic Wall Street equity strategists, while many are struggling to find reasons to be optimistic. Why?