Infrastructure push: Government mulls Rs 20,000 crore risk guarantee fund; aim to boost private investment

[ad_1] The government is considering setting up a Rs 20,000 crore risk guarantee fund to encourage private sector participation in infrastructure projects, according to PTI sources. The proposed fund aims to share project risks, easing financial pressure on developers and boosting private investment. The sources said the National Credit Guarantee Trustee Company (NCGTC) is likely…

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NPS returns: National Pension System delivers 13% annual returns; ‘offers flexibility and choice,’ says FM

[ad_1] Finance minister Nirmala Sitharaman on Wednesday hailed the National Pension System (NPS) saying that it has emerged as a high performing and cost effective retirement planning tool, with some of the best returns among global pension products.Speaking at the NPS Diwas conference in New Delhi, organised by the Pension Fund Regulatory and Development Authority…

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OpenAI valuation: ChatGPT parent is now worth $500 billion; more than SpaceX and ByteDance

[ad_1] ChatGPT maker OpenAI’s valuation has surged to $500 billion after employees and former staff cashed out $6.6 billion worth of shares in a secondary sale, a source familiar with the deal told Reuters. With this valuation, the AI giant has left behind SpaceX and ByteDance.The transaction lifts the artificial intelligence company’s value from $300…

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India’s oil market: Why state-owned refineries are cutting Russian crude while private firms step up?

[ad_1] India’s oil market is seeing a mixed approach as state-owned and private refiners take contrasting strategies on Russian crude.State-run companies have cut back sharply while private refiners continue to take in supplies. In September, they imported an average of 605,000 barrels per day (bpd), 32% below their April–August average, 22% lower than August, and…

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Mfg activity slowest since May: Survey

[ad_1] NEW DELHI: Manufacturing activity moderated in Sept compared to the previous month, but remained robust, as new orders slowed and job creation slipped to a one-year low while selling prices hit a 12-year high, a survey showed on Wednesday.At 57.7 in Sept, down from 59.3 in Aug, the HSBC India Manufacturing Purchasing Managers’ Index…

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