1764690030 unnamed file.jpg

Philanthropy boost: Michael and Susan Dell pledge $6.25bn for ‘Trump Accounts’ launch; major gift aims to spur families to sign up

Billionaires Michael and Susan Dell on Tuesday announced a $6.25 billion commitment to encourage American families to open the new children’s investment accounts created under President Donald Trump’s tax and spending legislation, according to AP. The pledge is intended to reach 25 million children under the age of 10 by seeding each eligible account with…

Read More
1764061588 untitled design 55.jpg

Infra boost: India speeds up efforts to clear backlog of stalled highway projects; aims 60% cut in pending projects

India is pushing to clear a large backlog of delayed national highway projects by the end of March, aiming to cut cost overruns and revive construction momentum after a sharp fall in project awards this fiscal.According to an ET report, the road, transport and highways ministry began the year with 152 stalled projects worth Rs…

Read More
1763749054 unnamed file.jpg

Kotak Mahindra stock split: Bank announces 1:5 share split; aims to boost liquidity- what you need to know

Kotak Mahindra Bank on Friday said its board has approved a sub-division of equity shares in a 1:5 ratio to make the stock more affordable and enhance market liquidity. The decision was taken on the lender’s 40th foundation day and is subject to statutory and regulatory approvals, the private sector bank said in a regulatory…

Read More
1762853980 untitled design 38.jpg

Franklin Templeton fund launch: Firm introduces new multi-factor equity scheme in India; four-factor model aims for sustainable returns

Franklin Templeton (India) has announced the launch of the Franklin India Multi-Factor Fund (FIMF), an open-ended equity scheme built on a data-driven, multi-factor quantitative investment model. According to the company, the fund aims to create long-term wealth through a systematic approach that selects stocks based on four factors — Quality, Value, Sentiment, and Alternatives (QVSA).The…

Read More
1762764365 this is an ai generated image used only for representative purpose.jpg

US brand Jimmy John’s in India soon? Haldiram in talks with Inspire Brands; aims to compete with Subway, Tim Hortons

American sandwich chain Jimmy John’s might soon enter India!Haldiram Group, one of the country’s top ethnic food services company, is planning to expand into western-style quick service restaurants (QSR). The restaurant chain is in talks with US-based Inspire Brands for an exclusive franchise deal to launch the sandwich chain Jimmy John’s in India, sources close…

Read More
1762693415 unnamed file.jpg

Startup push: DPIIT signs MoUs with 50+ firms to boost manufacturing innovation; aims to scale startup ecosystem through industry tie-ups

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed over 50 memoranda of understanding (MoUs) with leading companies–including ITC, Flipkart, Mercedes-Benz, boAt, and Hero MotoCorp –to strengthen the manufacturing and innovation ecosystem for startups, an official said.As part of the initiative, the department has been engaging with corporates, industry associations, veterans, and…

Read More
1762690541 unnamed file.jpg

Aviation upgrade: IndiGo to roll out evidence-based pilot training; aims to boost skills, safety and decision-making

IndiGo, the country’s largest airline by market share, plans to introduce evidence-based training (EBT) programmes for its pilots as part of its efforts to enhance their skills, situational awareness, and decision-making capabilities, a senior company official said.The airline, which currently operates over 2,300 daily flights and has a fleet of more than 400 aircraft, is…

Read More
1762587687 untitled design 23.jpg

SBI eyes global top-10 spot by 2030: Bank targets elite list after hitting Rs 100-lakh-crore mark; aims to boost capital strength

File photo: State Bank of India Chairman CS Setty (Picture credit: ANI) State Bank of India (SBI) is targeting a place among the world’s top 10 most valued banks by 2030, a day after crossing the Rs 100 lakh crore business mark. Chairman CS Setty said the country’s largest lender by market capitalisation now aims…

Read More
1762514375 unnamed file.jpg

Bira 91 asset sale: B9 Beverages looks to clear employees salary dues; founder aims to raise ‘immediate cash’

B9 Beverages, the debt ridden bear maker, may soon clear pending salaries and provident fund dues as the company moves to sell one of its assets. Bira 91 founder Ankur Jain has informed employees that the planned sale is aimed at raising “immediate cash” to address these obligations, according to ET.The proposed move, however, has…

Read More