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Rahee Infratech Limited, an integrated railway civil engineering, manufacturing, and construction company in India, has filed its draft red herring prospectus (DRHP) with the market regulator SEBI to raise funds through an initial public offering (IPO). The IPO with a face value of Rs 2 per equity share is a mix of fresh issues of up to Rs 420 crore and an offer for sale of up to 2.7 million equity shares.

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Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Annual Survey of Industries (ASI) released on Monday showed. There were 18.5 million persons engaged in factories in 2022-23 compared to 17.2 million in 2021-22 and 16.3 million in 2018-19, as per the survey released on Monday by the Ministry of Statistics and Programme Implementation (Mospi) and Niti Aayog. The gross value added (GVA) grew 7.3% to ₹22 lakh crore in FY23 while output rose 21.5% from a year earlier. «It gives us confidence that India can actually aim for 9% plus growth,» Niti Aayog chief executive BVR Subrahmanyam said after the release of the report.

Connor Sephton is a journalist based in London, who also works for Sky News and the BBC as a radio newsreader and online reporter. He has covered crypto since 2018 — reporting from major conferences...

Viksit Bharat' plan, it must face the stark reality of economic inequality, especially in the agricultural sector, where disparities run deep. The farm sector employs nearly 50% of the population, but contributes only 17% to GDP, reflecting a vast divide between smallholders with marginal incomes and a small group of wealthy farmers. Implementing a well-structured taxation policy for affluent farmers is crucial to correcting this imbalance and generating revenue. Farm income is exempt from taxation under Section 10(1) of Income-Tax Act 1961. This provision was designed to shield small and marginal farmers from financial strain. However, exemption has inadvertently allowed wealthy farmers to avoid paying taxes, even though they benefit disproportionately from public infra, subsidies and services compared to small-scale farmers. According to People Research on India's Consumer Economy's (PRICE) ICE 360° survey, there are about 5 mn 'wealthy farmers', each earning over ₹25 lakh annually, with two-thirds of their income coming from agriculture, and the rest from non-farm activities. Though this group represents only 8% of the farming population, they control 28% of the sector's income.

Hezbollah leader Hassan Nasrallah, who was then tracked down, spied upon, and then ultimately killed by Israeli agencies, reveal reports. This comes in after the pager and walkie-talkie blasts in parts of the Middle East, which saw hundreds of Hezbollah's top officials get injured, with multiple deaths of some of the Hezbollah's premier brackets.

Subscribe to enjoy similar stories. The investment pros at one of the world’s largest hedge funds, Millennium Management, have a strict rule: Don’t lose money. Millennium parcels out the roughly $69 billion it manages for clients across more than 2,600 traders, analysts and other investment staffers working on hundreds of teams.

cement pillar on the railway track of the Jhansi-Prayagraj route, officials said. The incident was reported after a loco pilot of the passenger train 11801, en route from Jhansi to Prayagraj, noticed the obstruction near Raivara village. The pilot promptly applied emergency brakes and informed the control room. The railway personnel, including Government Railway Police (GRP), Railway Protection Force (RPF), and local police, arrived at the site and removed the cement pillar. The boy, who was grazing animals nearby, was detained and questioned by the police. During the interrogation, he admitted to placing the pillar on the track as a prank. Kabrai police registered a case based on the complaint filed by Rail Path Inspector Rajesh Kumar. «A case has been registered against the teenager under section 327 of the Bharatiya Nyaya Sanhita for mischief with intent to endanger safety, and under section 150 of the Railways Act for attempted wrecking of a train,» Additional Superintendent of Police (ASP) Vandana Singh told Times of India.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Online retailers like Flipkart and Amazon are poised to record 20-25% growth in festive season sales this year, gauging from response to the first three days of sale, according to estimates from Datum Intelligence and senior industry executives briefed on the sale trajectory. During September 26-28, online retailers clocked about 26% rise in sales compared to last year, at about Rs 26,500 crore ($3.2 billion), as per Datum Intelligence, which tracks ecommerce data. The market researcher estimates gross sales of $12 billion this festive season, a growth of about 23%, including discounts and returns. Etail major Flipkart is on track to hit its internal targets for this festive season based on the first three days of sale. The first day of sale was only open to paid VIP and Plus members, similar to Amazon Prime. “Day 1 is usually for the high frequency buyers and the next day it opens to all…Now, with three days of trends in, their (Flipkart) sales remain on target,” said one of the executives cited above.

Government bond yields are likely to soften further by the end of the fiscal, leading to an annualised savings of Rs 1,000-2,000 crore for the exchequer. Higher demand, especially from foreign portfolio investors, would help yields remain tamed, economists said, pointing to North Block’s second-half borrowing calendar published last week. The Centre’s gross borrowings for the second half of the fiscal have been fixed at Rs 6.61 lakh crore with the borrowing target for the entire fiscal being maintained at Rs 14.01 lakh crore, the central bank said last week. About 77% of the bond issuances will be for 10 years or higher tenure. «Given the favourable global and domestic backdrop, we expect a further downward bias in domestic yields, leading to a steepening bias in the yield curve,» Bank of Baroda economist Aditi Gupta said.

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railway track in the Bairia area here, the RPF has formed a special team to solve the case, and patrolling is being done on the rail route, an official said. Circle Officer (Bairia) Mohammad Usman said that it is to be investigated if the incident is a conspiracy or mischief. Railway Protection Force Commandant S Ramakrishnan on Sunday told PTI that it appears that some mischievous elements have placed stones on the railway track. A special team has been formed to solve this case. Along with this, patrolling is being done on the rail route. RPF and the local police are working together. He added that this case will be solved soon.

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The initial investigation points to an extortion racket involving the notorious Bhau Gang, led by gangster Himanshu Bhau. According to a report in the Times of India, which quoted sources, the assailants left behind a note demanding money, signed with the chilling message, «Bhau Gang Since 2020.» It is believed that Bhau had demanded Rs 5 crore in protection money, though police have not officially confirmed this. Authorities have now launched an investigation to track down and arrest the shooters. The attack occurred around 7:30 PM, when three men arrived on a motorcycle and stormed into the showroom, brandishing pistols. Without warning, they opened fire both inside and outside the building, sending shockwaves through the area.

Whether routine or specific situations, our default response as humans is to add rather than subtract. Adding more clothes to wardrobe, more tasks in to-do list, more gadgets for convenience, more corporate meets to resolve issues. Addition is more intuitive and simpler, while subtraction takes some effort to think or reason. This tendency also extends to personal finance decisions.

Every September, a crush of events unfold on the sidelines of the United Nations General Assembly, the annual high-level meetings of world leaders in New York

Lady Gaga's next album from film, Joker: Folie à Deux, might be another smash. The sequel to the Oscar-winning Joker is set to hit theatres in early October, and the singer is doing everything she can to capitalize on this historic event, including producing music related to the film. On Friday (September 27), Gaga released her new album Harlequin. The set includes a compilation of standards that will apparently appear in the film, as well as a limited handful of original tracks—at least one of which will be heard in the movie. The title quickly became a bestseller, outpacing the flood of new releases. Harlequin is currently number one on the U.S. iTunes albums chart. The set rocketed straight to the top quickly after its release and has remained there for hours, proving to be the most exciting new launch this Friday.

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SEBI) prepares to introduce MF-Lite regulations for passive funds, it's important to understand what MF-Lite is and what investors should know about this emerging asset class. Sebi in a consultation paper has proposed a regulatory framework in the Mutual Funds (MF) segment viz, “the MF Lite Regulations” for the passively managed MF schemes. This proposed regulation intends to reduce the compliance requirement, foster innovation, encourage competition and promote ease of entry for the MFs interested in launching only passive schemes. “We had a very detailed consultation on that and if as a part of that you feel that there needs to be relaxation in terms of how to do distribution of those kind of passive funds. We are open to any kind of suggestions so that we can facilitate growth of these funds across the country,” Buch said at an industry event.