White Shark raises USD 16 million to develop and deploy the world\'s fastest self-evolving blockchain

New Delhi [India], May 29: White Shark, the first Made in India Layer 1 public blockchain, has announced the successful completion of a USD 16 million funding round. The investment will be used to further develop and deploy their groundbreaking blockchain technology, which aims to revolutionize the industry with its speed, intelligence, and versatility.

White Shark raises USD 16 million to develop and deploy the world's fastest self-evolving blockchain

ANI Press Release

Medanta

Healthcare provider Global Health (Medanta) on Monday said its net profit surged over five fold to Rs 101 crore in the fourth quarter ended on March 31, 2023, aided by increase in bed capacity and higher in-patient footfalls.
The company had reported a net profit of Rs 17.5 crore in the January-March quarter of 2021-22 fiscal.
Revenue in the reporting quarter rose 37 per cent year-on-year to Rs 732 crore, the company said in a statement.
For the financial year ended on March 31, 2023, Medanta posted a net profit of Rs 326 crore as against Rs 196 crore in FY22.
Revenue rose to Rs 2,759 crore in the last fiscal as against Rs 2,206 crore in 2021-22 fiscal.
"For the year and quarter ending March 31, 2023 we have registered significant growth and strong financial performance across all revenue and profitability metrics," Global Health Group CEO and Director Pankaj Sahni noted.
The healthcare provider continues its planned growth in beds and infrastructure, and remain an attractive ...

Healthcare provider Global Health (Medanta) on Monday said its net profit surged over five fold to Rs 101 crore in the fourth quarter ended on March 31, 2023, aided by increase in bed capacity and higher in-patient footfalls.

Medanta net profit surges over five-fold to Rs 101 cr in March quarter

Press Trust of India

SBI, the country's largest public sector lender, on Monday raised USD 750 million under its USD 10 billion Global Medium Note programme to fund its overseas business growth.
The fund was raised at INX's Global Securities Market (GSM), GIFT International Financial Services Centre (IFSC) at Gandhinagar from global investors.
The bonds were issued through SBI's London Branch to fund offshore business growth and were priced competitively.
This demonstrates strong investor confidence in the country's largest bank and paves the way for a strong pipeline of foreign currency bond issuances this year, it said.
Commenting on the listing, SBI chairman Dinesh Khara said the success of the issue highlights the strong investor base SBI has created for itself in the offshore capital markets.
The issuance received huge participation from several marquee accounts across geographies resulting in the largest spread compression amongst all USD Indian bond issuances during the current year, it said.


SBI, the country's largest public sector lender, on Monday raised USD 750 million under its USD 10 billion Global Medium Note programme to fund its overseas business growth.

SBI raises $750 mn via bonds on India INX under its $10 bn MTN programme

Delhi rain, rainfall

Rainfall is expected in Delhi as clouds have surrounded the city. The India Meteorological Department's Regional Forecasting Centre predicts partly cloudy skies and intermittent rainfall

Rainfall expected in Delhi, heatwave unlikely to return this week: IMD

IANS

ADB, GoI sign $300-mn loan to improve primary healthcare in urban areas

Asian Development Bank, ADB

Sri Lanka has embarked on bold reforms to address the causes of both internal and external imbalances and return to a sustainable debt trajectory, the ADB said

ADB approves $350 mn loan to help support SL's economic stabilisation

An 18th-century gun made for Mysuru ruler Tipu Sultan and valued at 2 million pounds has had its export barred to allow time for a buyer to come forward to keep it in UK for public study and education

UK puts export bar on Tipu Sultan's Flintlock gun valued at 2 mn pounds

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu met with his Delhi counterpart Arvind Kejriwal in Delhi and discussed water sharing agreements of Renuka and Kishau hydro projects, an official statement said on Monday.
In the Sunday evening meeting, various common issues between both states were discussed besides electric supply for the upcoming Bulk Drug Park in Una district with the support of Bhakra Beas Management Board, it said.
Sukhu said that high-level discussions will be held for the memorandum of understanding (MoU) between the Delhi and Himachal Pradesh governments regarding Yamuna River water sharing.

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu met with his Delhi counterpart Arvind Kejriwal in Delhi and discussed water sharing agreements of Renuka and Kishau hydro projects, an official statement said on Monday.

Himachal CM Sukhu discusses water sharing issue with Kejriwal in Delhi

legal, law, judiciary, order

Institutes such as the Indian Institutes of Technology (IIT) are centres of technical studies par excellence in the country and the process of finding students is based on discipline, the Bombay High Court said while refusing relief to an 18-year-old boy who failed to submit his online form for the Joint Entrance Exam (JEE) Advanced due to a technical glitch.
The boy, Atharva Desai, in his petition claimed that he lived in a rural area where there were frequent power outages because of which he was unable to register himself online in the given time frame.
The petitioner sought a direction from the court for his registration form to be accepted and to permit him to appear for JEE-Advanced scheduled to be held on June 4.
The Joint Admission Board of the IIT opposed the plea on the ground that as per their records, Desai had logged in on the portal for the first time to fill the online form a day after the deadline and hence, no relief ought to be granted to him.
A vacation bench of 

Institutes such as the Indian Institutes of Technology (IIT) are centres of technical studies par excellence in the country and the process of finding students is based on discipline, the Bombay High Court said while refusing relief to an 18-year-old boy who failed to submit his online form for the Joint Entrance Exam (JEE) Advanced due to a technical glitch.

Admission process for institutes like IIT based on discipline: Bombay HC

One thousand houses for below poverty line families to be built as part of SOBHA Community Home Project

Palakkad (Kerala) [India], May 29: SOBHA, under the aegis of Sri Kurumba Educational and Charitable Trust, organized a foundation laying ceremony for one hundred houses being constructed for families below poverty line in Kizhakkenchery Panchayath, Palakkad district, Kerala. Plans are afoot to construct one thousand houses over the next four years to build homes for the less fortunate families in the district. One hundred houses are being constructed in the first phase. In an event organized in Kizhakkenchery, keys to the ten completed houses were handed over to the beneficiary families and six living quarters were handed over to young mothers and their children. Under the social pension scheme, pension was allotted for fifty rural widows. Also, ninety girl children from underprivileged families were inducted into The SOBHA Academy.

Fuelling Start-up Success: Neel Shah\'s Mentopreneur Leads the Way in Strategic Brand Building

Mumbai (Maharashtra) [India], May 29: In the dynamic realm of start-ups, where dreams soar and innovation knows no limits, there exists a towering presence that illuminates the path to entrepreneurial triumph - Mentopreneur, a premier brand consultancy firm in India, dedicated to empowering founders and start-ups in their extraordinary journey towards success.

Fuelling Start-up Success: Neel Shah's Mentopreneur Leads the Way in Strategic Brand Building

In a recent run-off election, Recep Tayyip Erdogan emerged victorious securing another five-year term as the president of Turkey. 
Watch the video to know more about his challenges.

Turkey election 2023: Erdogan wins another term as president but challenges remain

Employees Provident Fund or EPF is a mandatory savings and retirement scheme for employees of an eligible organisation, which can be used as a corpus post-retirement.

How To Withdraw PF Advance Online? Here's A Step-By-Step Guide

From US to Australia, investors from 21 nations get angeltax exemption. Watch the video to dive into the details and explore what exactly this angel tax is all about.

21 nations get angel tax exemption. Here’s what this means

21 nations get angel tax exemption. Here's what this means

The Narendra Modi government completes 9 years in power. Here's a look at major events in these 9 years.

9 Years of PM Modi | A look at the major events

Did you know RBI under Raghuram Rajan floated the idea of introducing Rs 5,000 and Rs 10,000 notes in 2014?
Watch the video to know the tale of inflation, demonetisation, and counterfeiting concerns.

RBI's Rs 10,000 note proposal: Inflation, demonetisation, and counterfeiting worries

If you think 2000 rupee note was the highest denomination of Indian currency, time to get your facts checked! Watch the video to know more

Don’t miss | Rs 2000 was not the highest denomination note in India

Don't miss | Rs 2000 was not the highest denomination note in India

Lava debuts MediaTek Dimensity 7050 system-on-chip in India with the launch of Agni 2 5G smartphone.

Lava Agni 2 5G: Unboxing & hands-on | Best phone in sub-Rs 25,000 segment?

Rahul Gandhi takes a late-night truck rides to interact with truck drivers. Watch the video to know more.

Rahul Gandhi's late-night truck talk with drivers

Now you can get your 2000 rupee notes exchanged from banks till September 30, 2023. Watch the video to know the rules and more

Must watch | How to get your Rs 2000 note exchanged | Important rules

Business Standard brings to you an Insight Out discussion on navigating risk and building resilience to potential adverse scenarios in the financial sector

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