New Delhi, Feb 18 (IANS) The Enforcement Directorate (ED), Delhi Zonal Office-II, has provisionally attached 247 immovable properties worth Rs 10,021.46 crore under the Prevention of Money Laundering Act (PMLA) in connection with its ongoing probe into the alleged multi-crore fraud involving PACL Ltd and its related entities, an official statement said on Wednesday.The attached properties are located in SAS Nagar (Mohali), Rupnagar and Zirakpur in Punjab, and are suspected to have been acquired …
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New Delhi, Feb 16 (IANS) Under the gaming and interactive technology category at the India AI Impact Summit 2026, five Indian startups will showcase AI‑powered solutions that highlight “India’s growing leadership at the intersection of AI, gaming, immersive media and enterprise transformation,” the government said on Monday.The participation of these startups’ underscores expanding capabilities in AI‑powered gaming, immersive experiences, cognitive transformation and interactive storytelli…
New Delhi, Feb 16 (IANS) C2i Semiconductors, a Bengaluru‑based chip design startup supported under the government’s Design Linked Incentive (DLI) scheme, has raised $15 million in a Series A funding round led by Peak XV Partners, bringing its cumulative investment from private investors to roughly Rs 170 crore, it was announced on Monday.The latest funding round follows a $4 million raise in 2024 and, together with DLI support, will accelerate development of power-management semiconductor so…
Chennai, Feb 12 (IANS) Chief Minister M.K. Stalin on Thursday asserted that Tamil Nadu’s economic growth has outpaced the national average, highlighting the state’s rapid industrial expansion, record investments, and emerging leadership in advanced technology sectors. Speaking at a high-level investors’ meet organised by the Department of Industries, Investment Promotion and Commerce in Chennai, CM Stalin said the data presented at the event was a “direct answer to critics” and reflect…
Mumbai, Feb 6 (IANS) The Securities and Exchange Board of India (SEBI) has proposed to allow investors to set up standing instructions for systematic withdrawal plans (SWP) and systematic transfer plans (STP) for mutual fund units held in demat accounts, a facility currently available only for units held in the statement‑of‑account mode.Under the proposal, demat investors would be able to do one time registration of SWP or STP mandates with depositories or stock Exchanges, which removes the …
Mumbai, Feb 5 (IANS) Investors should maintain a balanced investment approach in 2026, positioning large caps or hybrids as the core allocation, complemented by staggered, selective exposure to mid and small caps, a report said on Thursday.The report from Motilal Oswal Private Wealth recommended this approach due to “improving fundamentals and macro conditions across India’s equity markets.”India’s relative valuation standing has strengthened after a consolidation‑led 2025, “supported by i…
New Delhi, Feb 3 (IANS) The India-US trade agreement is the most important deal for the country and will generate more jobs and also add to foreign exchange, said Ashishkumar Chauhan, NSE MD and CEO, on Tuesday.Speaking to IANS, Chauhan stated that the trade deal between the US and India was expected for a long time, and now will be implemented immediately, unlike the European deal, which is expected to roll out after six months.“India is the only country that has manpower, high-tech appreciat…
Mumbai, Feb 1 (IANS) Gold and silver prices continued their sharp decline on Sunday, as investors booked profits post an unprecedented rally over the past year.MCX gold February futures fell 7.12 per cent to Rs 1,39,000 per 10 grams around 10 am on an intraday basis. Meanwhile, MCX silver March futures dipped 9 per cent to Rs 2,65,652 per kg.CME Group raised margin requirements on Comex gold and silver futures after the metal prices saw steep declines, which raised investor caution.Further, the …
Agartala, Jan 29 (IANS) Tripura Chief Minister Manik Saha said on Thursday that the state has emerged as a major higher education hub in the Northeastern region, with seven universities, three engineering colleges, three medical colleges and several other higher education and professional institutions producing a highly skilled workforce. Laying the foundation stone of Northeast India’s largest data centre, the Chief Minister said that, coupled with the state’s first rank in Deregulation and Com…
Davos, Jan 21 (IANS) Assam Chief Minister Himanta Biswa Sarma on Wednesday said the state’s participation at the World Economic Forum (WEF) Annual Meeting in Davos as part of “Team Bharat” reflects India’s evolving growth narrative, where every region is now positioned as a credible destination for global investment. Speaking to the media after concluding his engagements at Davos, Sarma said Assam’s presence at the global platform underlined India’s transition towards balanced and in…