The RBI is of the view that it cannot carry out satisfactory due diligence for granting registration because the funding is from a jurisdiction that has been identified by FATF as having weak measures to combat money laundering and terrorist financing.
'It is so gratifying that I was able to help donate 130 eyes to those who needed them.'
Chief Justice of India (CJI) D Y Chandrachud's first 100 days in office saw the Supreme Court take a giant leap towards reforms, especially making courts more technology-friendly, and ensuring relatively fast judicial appointments including those of eight judges to the apex court.
State Bank of India (SBI) on Tuesday announced the launch of its first "state-of-the-art" dedicated branch for start-ups in the country here, to facilitate and support them. The branch launched by SBI chairman Dinesh Khara is located in Koramangala, which alongside neighbouring HSR Layout and Indiranagar are the biggest start-up hubs in the city. "...overall we are in a position to provide end-to-end services to start-ups, with that in mind this particular start-up branch is the first start-up branch we are starting, from the capital city of start-ups- Bengaluru.
While welcoming Prime Minister Narendra Modi's announcement on Saturday to celebrate January 16 as National Start-up Day, six years after the Start-up India Action Plan was launched by the government, stakeholders in the ecosystem say that more needs to be done at the policy level to unleash the next phase of growth in the sector. "The Start-up India programme's launch in 2016 was a turning point - that is when the promoter came to be known as the founder in the country and the word 'entrepreneur' entered the common lexicon. "But now we need a Start-up India 2.0 now for the next phase of growth of the ecosystem", said Siddarth Pai, managing partner of venture capital (VC) firm 3one4 Capital. Pai says that Startup India 2.0 must look at promoting Startups headquartered in tier II,III & IV cities and solving the problems of Bharat.
The Indian squad for the continental championship will be selected on Monday, but it is still not clear if the official announcement will happen on the day.
The JNUSU holds the Vice-Chancellor responsible for the violence. "He is using henchmen to perpetrate violence on students and vandalise the university," said JNUSU. "The JNU community has a single point of demand. That either this VC resign or the human resource development ministry as the competent authority remove him! Those who are trying to malign and destroy this university will not succeed," demanded JNUSU.
The government also appointed Dr Vinod Paul, a pediatrician at the AIIMS, as a member of the NITI Aayog
Of the 59 IPOs for which the data is available, 36 IPOs received mega responses of more than 10x (of which, six IPOs more than 100x), while eight IPOs were oversubscribed more than 3x.
A few words of praise for Gujarat Chief Minister Narendra Modi have eventually cost Ghulam Mohammad Vastanvi his coveted job as vice chancellor of Darul Uloom, Deoband, widely recognised as India's leading Islamic seminary.
The Supernovas, led by Harmanpreet Kaur, have been invincible so far winning all the previous two editions.
However, with the Asian Games now postponed to next year owing to the COVID-19 situation in China, HI decided to pick a strong team for the prestigious event, scheduled to begin from July 28.
The turmoil, if you read the headlines, is about the so-called funding winter. Deep down, though, the question is one of the common direction in which founders and investors need to pull, points out Suveen Sinha.
Before facing the might of Shaheen Shah Afridi in Asia Cup, a morning session with deliveries moving both sides, albeit with a gentle pace, would be decent enough extended net session for Rahul.
The ability to look into the future and to be able to predict trends is one of the most important things for a VC, says Waygate Capital MD Rajesh Jog.
The T20 Challenge, to be played during the IPL play-offs, will begin with last year's finalist Supernovas taking on Velocity in the opening game.
Besides Rani's exclusion, there are no further surprises as India went or a tried and tested squad, which has been playing together for a long time.
Is Bhuvneshwar going to be around for the T20 World Cup in 2024 with a sharp decline in his pace?
Investments by private equity and venture capital funds in November stood at $6.8 billion across 102 deals, which is double by value when compared with the pandemic-impacted year-ago period but half of the bets in the preceding month of October, as per a report. In November 2020, such high-risk investors had infused $3.9 billion, while in October, the total investments had stood at $13.1 billion, the monthly data shared by industry lobby IVCA and the consultancy EY said. The overall investments in the first 11 months of the year have touched $72.6 billion, which is 53 per cent higher than the all-time high for a year achieved in 2020, it said.
India will need their bowlers, especially Harshal and Chahal, to overcome their struggles ahead of the T20 World Cup.
To everyone's surprise, the team management didn't play him during the high-scoring first T20I in Mohali, raising doubts whether he has still attained peak fitness or not.
He also claimed that the people were asking are all the jobs under Kerala government reserved for cadres and the university jobs for powerful people in Thiruvananthapuram.
Smriti Mandhana-led Trailblazers will aim for another win to finish with two victories and enter the final on November 9 with momentum behind them.
'Last year, India exported more software than Saudi Arabia exported oil.' 'Last year India got $83 billion of private equity.' '50 percent of India's FDI has come in the last five years.'
The Nitish government has increased pressure on Governor Phagu Chauhan to take action against vice chancellors of two universities following allegations of corruption against them.
In a significant push to popularise cricket in the US, a $120 million funding has been secured from prominent Indian-American business leaders, including Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen, to launch the first professional T20 league in the US. Major League Cricket (MLC), the first professional Twenty20 Cricket League in the US, announced Thursday that it has completed an initial close of a $44 million Series A and A1 Fundraising Round led by a group of America's leading business leaders. It said that with an additional commitment of $76 million in further fundraising over the next 12 months in place, MLC plans to deploy more than $120 million to launch the country's first-ever professional T20 league.
It is sad that the legislative pre-consultation on such an important bill is being done in a very biased manner, notes Shailesh Gandhi, former Central Information Commissioner, recounting his experience with Minister Rajeev Chandrashekhar.
A distinguished Indian-American academician has been appointed as vice chancellor for research at the prestigious University of Illinois, Chicago.
US hedge fund Tiger Global and Japanese investment giant SoftBank have trimmed their investments in Indian start-ups by over a third - from $3.8 billion in the second half of 2021 to a mere $1.08 billion in H1 2022, according to data from Venture Intelligence. While SoftBank's investments in India dropped from $1.9 billion in H2 2021 by more than a fifth to only $0.33 billion in H1 2022, that of Tiger Global fell from $1.92 to $0.74 billion in the same period. Private equity (PE) fund trackers point out that this year most of the deals that Tiger Global has invested in are in the early stage (up to series D), and only a few are in the series E and above.
'Our competitiveness with China is very important.' 'If the exchange rate depreciates, it is good for us because it helps in our competitiveness.'
With Jadavpur University students demanding the Vice Chancellor's resignation over a molestation case, an apology message attributed to the VC was on Saturday posted on the varsity website, which official sources denied claiming the website has been hacked.
Indian clean technology businesses are finally catching the attention of investor community. New Ventures India - founded by World Resources Institute and CII-Godrej Green Business Centre - aims to fund 50 entrepreneurs in this segment by 2010 with a target investment of $250 million
While industry is upbeat, start-ups in the space sector are finding it difficult to cater to the demand due to a lack of funding, issues related to policy like foreign funding, intellectual property, etc, and a lack of support in testing.
There seems to be no dearth of funds to fuel this growth, report Peerzada Abrar and Shivani Shinde.
The recent pullout by ICICI Venture and Citigroup Venture from a three-year-old drug discovery partnership with Dr Reddy's Laboratories points to angel investors' growing aversion to risk in pharma and biotech firms, say experts.
The students' union has been on a strike against the draft hostel manual, approved by the Inter-Hall administration, which it claims has provisions for hostel fee hike, dress code and 'curfew' timings.
'I'm 79 + now, and I've been doing all this since my late 20s.' 'Sometimes the ideological war extends to the home as well.' 'Many nights I couldn't sleep when someone close to me uttered the smallest insult.' 'It would cause me a lot of pain. But one has to be honest to oneself.'
India play the opening T20I against New Zealand on Friday.
India, Pakistan, Sri Lanka, Afghanistan and Bangladesh can beat each other on their day
