Core sectors expanded 6% in February

   Output across India’s eight core sectors rose at a three-month-low pace of 6% in February, as growth eased from January’s revised estimate of 8.9%, which was the highest uptick in seven months.   Fertiliser production continued to lead output growth with a 22.2% surge, while coal, steel and electricity production eased from double-digit growth in […]

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Two U.S. PE funds exit Shriram Properties after selling 14.27% stake

Shriram Properties Ltd. Chairman and Managing Director M. Murali Two U.S.-based real estate private equity (PE) firms Walton Street Capital and Starwood Capital have exited Shriram Properties Ltd. (SPL) by selling 14.27% stake through a bulk deal on the NSE for ₹134 crore. “We see the current deal as a very good outcome for long […]

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BYJU’S firm AESL to explore test preparatory markets in tier 2,3,4 cities

There is still a lot of untapped demand for test preparation in India and to capture this opportunity Aakash Educational Services Limited (AESL), which offers test preparatory coaching services to students, will be expanding its presence across tier 2, 3, and 4 cities, said CEO Abhishek Maheshwari. Since the acquisition by BYJU’S in 2021, AESL […]

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Ola Electric sold more than 27,000 scooters in March

Representational photo | Photo Credit: PTI Ola Electric on Friday said it sold more than 27,000 units of EV scooters in March this year, the highest in seven consecutive months. During FY23, the company sold more than 2 lakh units of scooters, consolidating a market share of more than 30%, in the EV two wheeler […]

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IPL 2023 | Gujarat Titans opt to field against CSK

Gujarat Titans Sai Kishor during a practice session at Narendra Modi Stadium ahead of IPL 2023 match against CSK in Ahmedabad on Thursday, March 30, 2023. | Photo Credit: VIJAY SONEJI Gujarat Titans skipper Hardik Pandya won the toss and elected to field against Chennai Super Kings in the Indian Premier League opener in Ahmedabad […]

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FTP expands export promotion scheme to include PM MITRA

The Foreign Trade Policy (FTP) announced on Friday has added the Prime Minister Mega Integrated Textile Region and Apparel Parks (PM MITRA) scheme as an additional scheme eligible for benefits under the Common Service Provider Scheme of the Export Promotion Capital Goods Scheme (EPCG). Santosh Kumar Sarangi, Director General of Foreign Trade, said on Friday […]

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CAD declines to $18.2 billion year-on-year in Q3: RBI data

India’s current account deficit declined to $18.2 billion (2.2% of GDP) in Q3 of FY23 from $30.9 billion (3.7% of GDP) in Q2 of FY23 and $22.2 billion (2.7% of GDP) in the year-earlier period, according to RBI data. “Underlying the lower current account deficit in Q3 2022-23 was a narrowing of merchandise trade deficit […]

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Sarod meets sitar in a rare jugalbandi

 Ayush Mohan and Lakshya Mohan | Photo Credit: Courtesy: mohanbrothers.com New Earth Performing Arts recently organised a unique sarod-sitar jugalbandi of brothers Ayush Mohan and Lakshya Mohan in Chowdaiah Memorial Hall, Bengaluru. Titled ‘The Marvel of Jugalbandi’, the concert commenced with an enthusiastic delineation of raag Jogeshwari through a three tiered sequence of alap-jod-jhala, unveiling […]

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First Day First Show | Reviews of ‘Dasara’, ‘Viduthalai’, and more

(This article forms a part of the First Day First Show newsletter that brings you the latest and best from the world of movies and entertainment. Subscribe now) Around Tinsel Town The trailer of  Ponniyin Selvan 2, the much-anticipated second instalment of Mani Ratnam’s magnum opus, was released by the makers on March 29 during a […]

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