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97.62 percent of ₹2,000 currency notes already returned, says RBI

RBI revealed that 97.62 percent of the ₹2000 banknotes in circulation as on May 19 last year have been returned. The total value of banknotes in circulation, ₹3.56 lakh crore in May last year, has now declined to ₹8,470 crore on Feb 29, 2024.

1 min read1 Mar 2024
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Adani promoters raised ₹39.4K cr amid scrutiny | Mint Primer | Mint

After a critical report by Hindenburg Research, Adani group promoters have raised ₹39,400 crore by diluting stakes in their companies. This move has generated liquidity that could be used for growth spending or to repay debts. GQG Partners, led by respected investor Rajiv Jain, has invested heavily in Adani group companies, providing a vote of confidence. The group's strategic moves could include investments in the renewables sector. Despite the setback caused by the report, the group's companies have seen a recovery in their stock prices. An investigation cleared the group of wrongdoing, potentially attracting more foreign investors in the future.

1 Sep 2023
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RIL to invest ₹1.5 tn in green energy business | Mint Primer | Mint

Reliance Industries Ltd (RIL), led by Mukesh Ambani, is doubling its green energy investment target to ₹1.5 trillion, showing its commitment to sustainability. RIL is progressing on the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, with investments in solar, wind, and battery manufacturing. It's competing with Tata and Adani groups in India's new energy sector. RIL plans to establish 100 GW of solar energy by 2030, build giga factories, and has partnerships with various companies. This push aligns with global trends as companies like ExxonMobil and BP aim for net-zero emissions.

25 Aug 2023
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Can Indian phonemakers ring in the China magic | Mint Primer | Mint

On 4 July, Reliance Subsidiary Jio Platforms Launched A 4g-Equipped Feature Phone, Called Jio Bharat 4G, For Under ₹1,000. Other Indian Brands Also Plan To Launch Inexpensive Smartphones. After Having Lost Out To Chinese Brands Nearly A Decade Ago, Can The Indian Brands Cut It In Today’s Market?

13 Jul 2023
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Vande Bharat’s appeal goes well beyond speed | Mint Primer | Mint

Trains Running On Time Have Been Overtaken By Speed As A Talking Point. When Exactly This Happened Is Hard To Identify. On A Timeline Stretching All The Way Back To Steam Engines, We Can Pin The Shift On Japan’s Bullet Trains. Flagged Off In The 1960s, Their Clever Branding Gave Them Instant Fame Around The World—And Other Railways A Fast-Moving Target To Chase. It Was Decades Later That China Zipped Ahead With Its Sudden Maglev Acceleration. As Visitors To Shanghai Testify, Magnetic-Levitation Travel Is A Marvel Of Technology. Freed From The Friction Of Track Contact, A Maglev Train Ride Is A Smooth Glide At A Whizzy 400 Km Per Hour. By Most Accounts, It’s A Sensation In A Class Of Its Own. Its Engine Does Not Have A Bullet-Like Snout, But A Sleek Aerodynamic Front. This Is A Look Sported By The Indian Railways’ Vande Bharat Trains As Well.

10 Jul 2023
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Trump Arrested; Calls U.S. A ‘Rigged Country’ | Secret Document Case Explained

In an unprecedented development, Donald Trump, was arrested on Tuesday. The former US President has been accused of mishandling sensitive government documents. He pled not guilty to all 37 felony counts.This is the first time in the history of American democracy when a former president has been arrested.Trump has also been accused of interfering in the Justice Department’s investigation. This is his second indictment since he announced his candidature for 2024 presidential elections.

14 Jun 2023
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₹2000 Note Axed: What You Need To Know Today

The Reserve Bank of India, in a surprise move, announced the withdrawal of 2,000 rupee notes from circulation on Friday. While the notes will continue to remain legal tender, people are being encouraged to exchange them at the earliest. Mint is an Indian financial daily newspaper published by HT Media.

20 May 2023
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Warburg Pincus exits PVR for ₹380 cr | Mint Primer | Mint

US-based global private equity firm, Warburg Pincus has exited Indian multiplex giant PVR by selling its entire stake of 2.49% through its affiliate in a block deal recently. The transaction aggregated more than ₹380 crores. However, major domestic mutual funds were among the top buyers of PVR in the open market. As per the block deal, on the BSE, Warburg-backed Berry Creek Investment sold 24,39,301 equity shares at a price of ₹1,559.35 per share in PVR, aggregating to ₹380.37 crore. This would be its entire stake of 2.49% in the Ajay Bijli-led company. Let's understand more about this transaction and how it might affect the market.

2 Apr 2023
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BJYU's Founder Byju Raveendran Raising Funds, Why? | Mint Primer | Mint

Byju Raveendran, the founder of Byju's, the most valuable edtech startup in the world, is currently in discussions with investors to increase his stake in the company to as much as forty percent. The former educator is using his shares in the company as collateral in order to secure funding in order to finance the stake repurchases, which could amount to as much as 15% of the company. Although Byju's was valued at $22 billion the last time it raised funds, the buyback may take place at a lower valuation, according to the people who spoke on the condition that they not be named because they were discussing private negotiations. Let's dig a little deeper into his funding process up to this point and see what kind of impact it could have on the company. #byjus #byjuraveendran #edtech #startup #securefunding #edtechstartup #investment #raisingfunds #fundraiser #finance #mint Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze

12 Jan 2023
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CBSE Class 10, 12 term 1 results: How to download results, other details

The CBSE Class 10 term 1 board exams are complete. Class 12 term one board exams for major papers are over and exams for minor papers will be complete on 30 December.

1 min read29 Dec 2021
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