Avaana Climate and Sustainability Fund raises $135 mn to fuel climate-tech start-ups
Avaana Capital, India’s leading climate-focused venture capital firm, has announced the final close of its Avaana Climate and Sustainability Fund, securing a total fund size of $135 million. This makes it the largest institutional climate-focused venture capital fund in India. The Avaana Climate and Sustainability Fund aims to invest in
Milma chairman bats for sustainable practices in dairy sector, scaling up exports at Paris meet
KS Mani, Chairman, Kerala Cooperative Milk Marketing Federation, popularly known as Milma, has emphasised the need for adopting sustainable practices in the dairy sector to turn the challenges into opportunities. Speaking at the just concluded World Dairy Summit in Paris, he said that India’s dairy sector promised vast export potential,
BRICS outreach: Jaishankar pitches for more equitable global order
External Affairs Minister S Jaishankar pitched for a `more equitable global order’ and came up with suggestions to achieve it at the BRICS outreach session in Kazan, Russia, on Thursday. While there is the steady diversification of production and consumption, many inequities of the past also continue, the Minister pointed
Targeted killings resurface in Kashmir Valley, threatening workforce
A migrant worker, Shubham Kumar, was injured in an attack by militants in an outlying village in Tral, which is around 45 km south of Srinagar, on Thursday. This comes after nine people were killed in two separate incidents in the last one week. A resident of Uttar Pradesh’s Bijnore
Demand from US, UK, UAE pushes engineering goods exports in September: EEPC
Engineering goods exports grew 10.55 per cent (year-on-year) to $9.82 billion in September 2024 with good demand from countries such as the US, the UK, UAE, Germany and Mexico, per an EEPC India analysis. This was the fifth straight month of growth for the sector during the current fiscal year.
Cabinet greenlights ₹6,800 crore railway projects in key allies-run States of Andhra Pradesh, Bihar
The Union Cabinet on Thursday approved two key railway projects totaling nearly ₹6,800 crore in States governed by BJP allies. These include rail connectivity for the upcoming capital Amravati in Andhra Pradesh and a 256-km line doubling in Bihar ramping up a trade corridor connecting Nepal. The Amravati rail project,
IndusInd Bank Q2 results: PAT tanks 40% on higher provisions, bad loans
The Reserve Bank of India (RBI) has delivered a sharp message to Microfinance Institutions (MFIs), urging them to realign their lending practices and prioritise affordability in their credit offerings. MFIs can no longer hide behind the facade of limited access as a rationale for steep interest rates, Jayant Kr Dash,
RBI refused approval of Top Cop Asthana’s appointment to Board, reveals Religare
Religare Enterprises Ltd (REL), which is in the eye of corporate control battle, on Thursday revealed that Reserve Bank of India (RBI) had in May this year refused approval for appointment of Rakesh Asthana as Director on the Board of the company. Asthana, who is Group Head-Corporate Affairs & Business
Cyclone Dana: Crosses north Odisha coast as heavy rain, high winds batter adjoining districts
Severe cyclone Dana over north-west Bay of Bengal moved north-northwestwards and crossed the north Odisha coast close to the Habalikhati Nature Camp (Bhitarkanika) and Dhamara between 1.30 am and 3.30 am early on Friday morning, as predicted by India Meteorological Department (IMD), with wind speed of 100-110 km/hr gusting to
FinMin wants suitable revamp of interest equalisation scheme before further extension
The Finance Ministry may consider extending the popular interest equalisation scheme on pre- and post-shipment rupee export credit beyond the year-end if the Commerce Department suitably revamps it. It has to be “more convincingly” established that the scheme is serving the objective of promotion of exports of labour-intensive items and actually