KKR & Co is planning to invest a significant portion of its new $6.4 billion Asia-focused fund in the Indian infrastructure sector, including roads, highways, and renewables. The New York-based private equity major has already invested $3 billion in the Indian infrastructure space as part of its total $10 billion investment in the country.

The Asia Pacific Infrastructure Investors II Fund, which closed on February 1, has identified India, South Korea, Southeast Asia, Japan, Australia, and New Zealand for the deployment of funds.

Edtech giant Byju’s said that its Chief Executive Officer and founder Byju Raveendran will not attend the extraordinary general meeting (EGM) called by select investors on Friday, February 23, as it is invalid.

The current board of Byju's parent, Think and Learn, including Raveendran, his wife and Byju's co-founder Divya Gokulnath, and his brother Riju Ravindran will also not attend the EGM. It is expected to be conducted virtually.

India's stock market will surge to new highs by the end of June and gain nearly 9 per cent in 2024, despite already lofty valuations, according to analysts polled by Reuters, who said a correction in the next three months was unlikely.

The BSE Sensex index, closely tracking the US S&P 500 index, climbed nearly 19 per cent last year on expectations global central banks will cut interest rates in 2024 and India's economic growth will outpace its peers.

The Ministry of Heavy Industries has achieved 79 per cent of its revised target for the number of electric vehicles (EVs) — in two-, three-, and four-wheelers — that it had to support under Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India II (FAME II) as of February 18 (including vehicles under processing for subsidy).

The revised number of vehicles across the three segments was pegged at 1.73 million in the five years of the scheme (previously 1.5 million) which ends on March 31.

Amid a standoff with the farmers, the Haryana government on Wednesday extended the ban on mobile internet and bulk SMS services in seven districts till February 23.

Earlier, the government extended the suspension till February 19.

According to a notification issued by the Haryana administration, bulk SMS and all dongle services provided on mobile networks.

The Enforcement Directorate (ED) has requested the Bureau of Immigration (BOI) to issue a revised look-out circular (LOC) against Byju Raveendran, the founder and CEO of the troubled edtech firm Byju's, as per a report by Economic Times. The central agency approached BOI earlier this month, seeking to ensure that Raveendran remains within the country.

An LOC 'on intimation' had previously been issued against Raveendran more than a year and a half ago, following a request from the ED's Kochi office.

A consortium backed by Mukesh Ambani’s Reliance Industries Ltd. and India’s top engineering schools aim to launch its first ChatGPT-style service next month, a big step in the country’s ambitions to become a player in the field of artificial intelligence.

The BharatGPT group, encompassing an arm of India’s most valuable company and eight affiliated universities, offered a sneak peek of the large language model Tuesday during a technology conference in Mumbai.

Fintech major PhonePe on Wednesday announced the launch of its homegrown Indus Appstore specifically for the Indian market, in a bid to compete with global incumbents like Google Play Store and Apple’s App Store.

The Indus Appstore is PhonePe's attempt at creating a more competitive and localized mobile app store economy for India, which is already the world’s largest market for mobile apps.

Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday refuted the report which said that the Securities and Exchange Board of India (Sebi) has found that about Rs 2,000 crore may have been diverted from the company.

"Reports and rumours pertaining to accounting issues in co. are 'incorrect and false'," the company said as reported by news agency Reuters. "We are in the process of providing all comments requested by Sebi and has extended complete cooperation on all aspects."

Eminent jurist and senior advocate Fali S Nariman has passed away at the age of 95. He served as the president of the Bar Association of India from 1991 to 2010 and was awarded the Padma Bhushan (1991) and Padma Vibhushan (2007), among India's highest civilian honours, for his contributions to the field of law.

Nariman was born on January 10, 1929, in Rangoon, Burma (now Yangon, Myanmar). He completed his education in law at the Government Law College in Mumbai and started his legal career in the early 1950s. Nariman quickly gained recognition for his exceptional legal acumen and advocacy skills.

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