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The Economic Times CaratLane’s Mithun Sacheti, Binny Bansal back Xeed as Indian founders turn big local sponsors of funds

In India, founders like Sacheti and Bansal are funding domestic funds like Xeed Ventures. The Rs 600 crore fund, with Premji Invest's backing, invests in startups like Charcoal.inc and Kredit.pe, led by Sailesh Tulshan.

The Economic Times Indus Towers may benefit if Vodafone Idea gets money and invests: Analysts

Cash-strapped Vi said it will open a sale of new shares on April 18 and close on April 22 to raise up to Rs 18,000 crore. This will be closely followed by a Rs 25,000-crore fundraising via debt. The company has already approved raising Rs 2,075 crore from a promoter entity through a preferential share issue.

The Economic Times Not participating in India would be a big miss: TCS CEO K Krithivasan

The US accounts for nearly half of TCS’ revenue and any recovery there augurs well for the Mumbai-headquartered company, which snagged a record $13.2 billion of deals in the previous quarter. A confident-sounding Krithivasan — who will complete a year at the helm of TCS in June — said his agenda now is to bring back growth for the $29- billion company.

The Economic Times Iran-Israel conflict: Exporters of basmati rice, tea worried

Indian basmati rice and tea exporters are anxious about the impact of Iran's attack on Israel. Concerns over outward shipment and rising sunflower oil prices persist amidst the conflict, posing challenges for the industry.

The Economic Times Iran-Israel conflict: Finmin, MEA keeping tabs on West Asia developments; policymakers gear up for any exigency

Iran Saturday night launched a drone missile attack on Israel. This was in response to a suspected Israeli strike on its consulate in Damascus on April 1 in which seven Iranian Revolutionary Guard Corps personnel, including two generals, were killed. New Delhi has called for immediate de-escalation and a return to the path of diplomacy. The development comes as India gears up for general elections from April 19 to June 1. Independent economists said the government will need to remain vigilant.

The Economic Times ET exclusive: Tata Electronics seals semicon deal with Tesla

The US-based electric vehicle (EV) major is keen to enter India, the world’s fastest-expanding major automotive market. Tesla promoter Elon Musk is reportedly visiting India this month for a meeting with Prime Minister Narendra Modi. Musk is expected to announce potential Indian investments, including a commitment of funds toward EV manufacturing facilities. His firm is the world’s largest automotive company by market value.

The Economic Times Ex-Reliance Industries CFO joins Modulus as equity partner

He will enter with 17.3% equity stake, which is set to increase over a period of time. Modulus is raising its second fund, targeting growth in the Indian private credit market, projected to be a $100-billion opportunity.

The Economic Times Kishore Biyani settles lenders’ dues by selling SOBO mall to K Raheja Corp

The settlement was backed by realty developer K Raheja Corp., which acquired SOBO Central Mall. Earlier known as Crossroads, SOBO Central is the country’s first mall, having opened in late 1990s in south Mumbai's Haji Ali locality.

The Economic Times TCS reports dip in Q4 hiring, full-year attrition cools to 12.5%

For TCS, the headcount decreased by 1,759 since the last quarter, ending the fiscal year at a headcount of 601,546. In the third quarter, TCS had reported a sequential headcount dip of 5,680.

The Economic Times Proposed SEZ Amendment Bill may Figure in 100-day Agenda

The government is considering several measures such as a flexible framework for the sale of products manufactured in SEZs in the domestic market, and streamlining approval processes for units.

The Economic Times GCCs in India looking to strengthen digital capabilities: report

Indian GCCs focus on AI/ML, data analytics. CIOs prioritize AI in 2024. ANSR report notes talent development, market growth, tech hubs like Bengaluru, Hyderabad, and emerging locations like GIFT City.

The Economic Times Adani Group targets 20% share in Indian cement market by FY28

Gautam Adani-led Adani group, which owns Ambuja Cements and ACC Ltd, is targeting to capture around one-fifth of the Indian cement market by FY28. Adani Cement business will implement its accelerated capex program through internal accruals and the business will continue to "remain debt free," said an investor presentation shared by Ambuja Cements.

The Economic Times Coffee startup Blue Tokai in talks for new raise at over $180 mln valuation

While the size of the fundraising remains undisclosed, the new round will more than double the valuation of the company. Last year in January, Blue Tokai raised USD 30 million in a Series B round at a reported valuation of around Rs 650 crore.

The Economic Times Quantum MF writes to Sebi, opposes plan to delist ISec

Quantum Mutual Fund objects to ICICI Bank's delisting plan for ICICI Securities, citing non-compliance and flawed valuation. Allegations of fraudulent means in achieving majority vote raise concerns about the scheme's integrity.

The Economic Times Amendments to Mauritius tax treaty not notified: CBDT

CBDT clarifies pending India-Mauritius DTAA amendments with new PPT introducing challenges for TRC reliance. Lokesh Shah from IndusLaw highlights the potential impact on treaty benefits, emphasizing tax authorities' authority to deny benefits in certain cases.