BUSINESS
Government Set to Initiate Second Auction of Essential Mineral Blocks on February 29th
Saxena advised Kejriwal to take responsibility for decisions instead of attributing blame to others. He cautioned against the consideration of waiving bills, penalties, LPSC, and arrears for 10 lakh consumers, suggesting that the payments made by the remaining 17 lakh consumers who have dutifully paid their bills over the years should also be reimbursed, along with interest.
Sunil Bharti Mittal Honored with Knighthood by King Charles III
Bestowed with the title of Knight Commander of the Most Excellent Order of the British Empire (KBE) by King Charles III, Mittal is recognized "for services to UK and India business relations." The KBE stands as one of the highest honors granted by the British sovereign to civilians, often awarded to foreign nationals in an honorary capacity.
Bitcoin Surges Past $57,000, Reaching Heights Not Seen Since 2021
Moreover, in mid-February, Bitcoin's market capitalization exceeded the $1 trillion milestone for the first time in over two years. Since the beginning of the year, Bitcoin has seen a 34 percent increase, with significant gains occurring following the launch of the spot Bitcoin ETF in early January.
Dailyhunt Considering Acquisition of Microblogging Platform Koo: Report
Established in 2020, Koo is the brainchild of Aprameya Radhakrishna and Mayank Bidawatka, based in Bengaluru under the umbrella of Bombinate Technologies. Often likened to Elon Musk's X, Koo has gained traction as India's own microblogging platform.
Vodafone Idea Witness Sharp Decline in Share Prices Following Fundraising Announcement
The stock of Vodafone Idea was observed trading at Rs 13.98, reflecting a decrease of 11.91 percent on the Bombay Stock Exchange (BSE).
State Bank of India Forecasts India's Q3FY24 GDP Growth at 6.7-6.9%
The assessment derives support from the SBI Composite Leading Indicator (CLI) Index, a compilation of 41 leading indicators spanning various sectors, indicating a marginal moderation in economic activity during Q3.
Vodafone Idea's Ambitious Fundraising Strategy: Targeting Rs 45,000 Crore via Equity and Debt
Scheduled for April 2, Vodafone Idea will convene a shareholder meeting to seek approval for the proposed fundraise, with plans to conclude the equity fundraising in the ensuing quarter. Notably, the promoters have reaffirmed their commitment to participate in the equity infusion, as previously pledged.
Shadowfax Raises $100 Million in Series E Funding Round Led by TPG NewQuest
Abhishek Bansal, CEO of Shadowfax, highlighted the company's resilience in capturing market share amidst challenging economic conditions. He emphasized the robustness of Shadowfax's business model as a key factor in this success.
Zeno Health Secures $25 Million in Funding for Healthtech Innovation
The funding infusion is earmarked to bolster Zeno Health's outreach efforts, expand its market presence, and fortify its technological infrastructure. Siddharth Gadia, CEO and Co-founder of Zeno Health, reiterated the company's commitment to reaching and serving 1 crore consumers monthly, with the ambitious goal of slashing healthcare expenditure by 50 percent.
India Takes a Stand Against China-Led Investment Facilitation Proposal, Deems it Beyond WTO's Trade Scope
A coalition of over 120 nations, led by China, is advocating for the incorporation of the Investment Facilitation for Development Agreement (IFD) proposal into the framework of the WTO. This group aims to address the issue during the 13th ministerial conference (MC), which commenced on February 26 and spans four days.
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