VC major Accel has selected eight startups with specialised solutions in AI and Industry 5.0 for Atoms 3.0’, its 6 month accelerator programme that hand-holds and nurtures ventures to give them more firepower to unlock growth and collaboration opportunities. Atoms 3.0 mentors exceptional pre-seed startups dedicated to advances in cutting-edge domains such as AI and Industry 5.0.
Open FlipThere is a complete lack of buzz in the bond market when it comes to the upcoming monetary policy decision, with consensus for another one of those predictable, status quo policies. But predictable lacks excitement, predictable is boring. Yet, predictability is what policymakers often aim for, and rightly so. Anyway, for now, the narrative driving bond yields in India is anything but policy rates.
Open FlipGSMA has urged the Department of Telecommunications to recognise the 6 GHz band (6425-7125 MHz) for IMT or commercial mobile services in India without further delay and incorporate it into the National Frequency Allocation Plan (NFAP) to support 5G growth in the country. The global telco body said the step to include the 6Ghz band in the NFAP will ensure that the band is ready for assignment.
Open FlipRexford Industrial Realty, a real estate investment trust (REIT), said on Thursday it had acquired industrial properties for $1 billion from Blackstone Real Estate. Rexford has acquired about 3 million square feet of industrial properties located in Southern California for about $332 per square foot on average. The investment was funded using proceeds from Rexford Industrial's exchange.
Open FlipThe strange thing about Boeing Co’s crisis is that so many people saw it coming — and tried to stop it. The planemaker’s safety problems have been obvious since two 737 Max jets crashed in late 2018 and early 2019, killing 346 people. Boeing’s engineers were warning managers of potential quality problems as far back as 2001.
Open FlipSeveral parts of the country have started to see temperatures exceed the 40 degrees Celsius mark over the past few days, which has gradually started pushing India's peak power demand. From an 182.6 GW demand on Holi (March 25), India's power demand on March 28 was recorded at 215.3 GW. The peak shortage or the demand that could not be met on March 28 was 353 MW.
Open FlipMajor Chinese property developer Country Garden expects to suspend trading of its Hong Kong-listed shares, the company said in a filing on Thursday, highlighting unprecedented challenges gripping the country's debt-saddled real estate sector. Country Garden is among several of China's largest developers to face setbacks in recent years, along with Evergrande and Vanke.
Open FlipNational Stock Exchange, on March 28, issued a circular announcing revisions in the market lot sizes of derivative contracts for 54 individual stocks among the 182 stocks with such contracts. The derivative lot size for 42 stocks will be decreased, effective from April 26 for expiries in May 2024 and beyond. Key stocks impacted include Adani Ports, Bharti Airtel, BHEL, SBI, and L&T.
Open FlipNew Delhi Municipal Council (NDMC) on Thursday crossed the Rs 1,000-crore mark in property tax collection for the ongoing financial year 2023-24, mopping up Rs 1,003 crore so far, while Municipal Corporation of Delhi (MCD) crossed the Rs 2,000-crore mark, with figures at Rs 2,017 crore.NDMC said it aims to easily cross its target of Rs 1,150 crore this fiscal.
Open FlipBharti Hexacom Ltd is launching its initial public offering (IPO) for equity shares valued at Rs 5 each. The IPO price range is set between Rs 542 and Rs 570 per equity share, resulting in a total issue size of Rs 4,275 crore at the upper price band. The IPO is scheduled to commence on April 03, 2024, and will conclude on April 05, 2024.
Open FlipBest picture winner ”Oppenheimer” finally premiered in Japan on Friday, eight months after a controversial grassroots marketing push and concerns about how its nuclear theme would be received in the only country to suffer atomic bombing. The biggest winner at this month’s Academy Awards, the film directed by Christopher Nolan about U.S. physicist J. Robert Oppenheimer, who led the race.
Open FlipMadurai corporation has recorded a significant rise in tax collection for the 2023-24 financial year, successfully collecting 77% of property tax in line with the current year’s target. Corporation officials said this has propelled it to the ninth rank among 20 city corporations in the state. Madurai corporation has collected Rs 223 crore out of the targeted Rs 352 crore.
Open FlipIn a major shift in development policy, Kochi corporation and the town planning department plan to waive off restrictions on real estate construction in 140 risk zones that are prone to future flooding. Kochi Corporation's master plan, which has been approved by the town planning department, envisages giving approval for total construction in the areas instead of the 50% approved earlier.
Open FlipJaipur Development Authority (JDA) and JMC Greater on Thursday jointly removed 150 temporary encroachments between Shyam Nagar and Ajmer Road, Mansarovar and Gopalpura bypass, and the Riddhi Siddhi and Triveni intersections. JDA also demolished five illegal colonies on 12 bighas of agricultural land. Officials said around 150 places on both sides of the footpath.
Open FlipRepresentative ImageAHMEDABAD: The auction of 22 plots planned for early April has been deferred by the Ahmedabad Municipal Corporation (AMC) as the model code of conduct for the forthcoming Lok Sabha election is in force.Before the code was enacted, the AMC had already announced the public auction of these plots, with a cumulative base price of Rs 2,250 crore.
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