Indian Businesses

One of the biggest investors in the Indian and Southeast Asia startup ecosystem, it said that recently, some portfolio founders have been under investigation for potential fraudulent practices or poor governance. "These allegations are deeply disturbing. We have always strongly encouraged founders to play the long game. We focus on the enduring, and discourage focussing on vanity metrics. Despite that we find some counter-examples of what we espouse," the VC said in a blog post.

Global thermal coal prices have remained elevated as a fallout of the Russia-Ukraine conflict, which disrupted trade flows and crippled supply amid additional demand from Europe, which has now sanctioned Russian coal. As a result, imported coal has largely remained out of bounds for price-sensitive markets like India, S&P Global Commodity Insights said.

Shankar was DGM Finance in Nirav Modi's company. Red corner notice had been issued against him. The federal probe agency was working to bring him back to India for a long time in connection with the loan fraud case of PNB. "He has been placed under arrest. We will produce him before a Mumbai court and will seek his custodial remand. He will be then further interrogated," said a CBI official.

As per a Crisil Research's analysis of over 300 companies, corporate profitability, or the average Ebitda (earnings before interest, taxes, depreciation and amortisation) margin, likely declined by 200-300 basis points (bps) on-year and 40-60 bps sequentially in the fourth quarter (Q4) of fiscal 2022. This marks the second on-year decline in 12 quarters, it said.

With 75 per cent growth in wealth, Basant Bansal and family gained eight spots and to be ranked seventh in the list. Basant Bansal and family also ranked first in Gurugram and second in Delhi, as per city-wise ranking. Known for premium and luxury housing projects, M3M India's Basant Bansal has also been ranked fourth in the categories of 'Top Property Developers with a focus on Premium Housing', and 'Top Residential Property Developers in India'.

In a statement, ATS Infrastructure CMD Getamber Anand, who is also a director in Ananda Divine Developers, said: "We have received a copy of the order and we are in the middle of studying the same. However, the amount under consideration is a very small sum and the related project is completed and handed over.

In this regard, Japanese Prime Minister, Fumio Kishida announced an investment of Yen 3.5 trillion ($42 billion) in India over five years during the India-Japan Annual Summit in Delhi. Under an MoU, Suzuki Corporation would set up an electric car manufacturing unit in Gujarat.

Addressing a session on "Gateway to Growth - Roundtable on Indian Startup Ecosystem" in Abu Dhabi, he said: "Today we are the third largest startup ecosystem, but our aspiration is to be the world's number one startup destination," as per an official statement. "The startup bug has caught India's imagination. The entire innovation ecosystem that the startup industry represents is giving a new direction, new momentum to India," he said, as per the Commerce and Industry Ministry statement.

The brokerage house sees 25-31 per cent upside in these stocks. Clean Science and Technology is one of the specialty chemical companies which has a strong presence in global markets and it focuses entirely on developing newer technologies which are eco-friendly and cost-competitive. It has a strong customer base that includes manufacturers and distributors in China, Europe, the US, Taiwan, South Korea, Japan as well as in India.

Special Judge Sanjeev Aggarwal also permitted the Central Bureau of Investigation (CBI) to get Ramkrishna's handwriting specimen on probe-related grounds as the agency stressed need to investigate several digital pieces of evidence. Ramkrishna was arrested earlier this month while Anand Subramanian, the NSE's former Group Operating Officer and her advisor, was arrested in February after questioning.