IRB Infrastructure Trust (IRB InvIT), a privately placed InvIT sponsored by highway developer IRB Infrastructure, on Monday listed itself with the National Stock Exchange (NSE), the trust announced.
The move came months after the Securities and Exchange Board of India's (SEBI's) guidelines for conversion of private unlisted InvITs into listed ones were issued.

"The valuation of the trust units was determined basis third party evaluation and further endorsed by Trusts’ investors as well. The value ascertained comes to around 16 times FY 24 revenue, which will further keep appreciating with more projects coming in," the trust said.

Edtech giant Byju’s has appointed Ajay Goel as its Chief Financial Officer (CFO). The seasoned global finance professional has been hired to strengthen the company's financial operations, long-term business strategies, and path to profitability.

As CFO, Goel will be responsible for overseeing financial strategy and management for Byju’s. He will work closely with the founders and the senior leadership on strategy development, capital planning and financial analysis.

Gold price fell Rs 330 from yesterday's close during Tuesday's early trade with ten grams of 24-carat gold trading at Rs 59,670, according to the GoodReturns website. Silver prices, on the other hand, declined Rs 500, with 1 kg of the precious metal selling at Rs 74,000. The price of ten grams of 22-carat gold fell Rs 300 to Rs 54,700.

The price of ten grams of 24-carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 59,670.

Rents in India’s technology hub of Bangalore have nearly doubled since the start of last year, making it the country’s hottest residential market.

Landlords in the city, often referred to as India’s Silicon Valley, now charge the highest proportion of their property’s value as rent, edging out financial center Mumbai, according to data from market researchers.

Virat Kohli led the Royal Challengers Bangalore (RCB) along with skipper Faf du Plesiss to win their first match against Mumbai Indians (MI) in Indian Premier League (IPL) 2023. Not just that, Kohli became the first Indian batter to register scores of 50 or more on 50 occasions at the M. Chinnaswamy Stadium in Bengaluru on Sunday.

Kohli achieved the feat and is behind only David Warner, who has 60. Kohli reached his half-century in 38 balls and has hit 4 fours and 2 sixes. He also completed 3000 runs as an opener in the IPL.

Shares of Orient Electric dipped 5 per cent to Rs 256.30 on the BSE in Monday's intra-day trade as Rakesh Khanna is set to step down from the post of Managing Director & Chief Executive Officer (MD & CEO) from the close of business hours today (April 03, 2023).

The company, however, has announced the appointment of Rajan Gupta as Additional Director and the Managing Director & Chief Executive Officer of the company for a period of 5 years effective from April 4, 2023. The stock of the household appliances company was quoting close to its 52-week low level of Rs 245, touched on December 26, 2022.

In a blistering riposte to the Congress’s stream of “questions” on relations between business houses, including those between the Adani group and the Bharatiya Janata Party (BJP), the ruling party has hit back, accusing the Congress of massive corruption in the years it has been in power.
The BJP released the first episode of “Congress Files”, in which it alleged, as a title in a video message, “Congress means corruption”.

“The Congress has looted Rs 48,20,69,00,00,000 (nearly Rs 5 trillion) from the public in 70 years of its rule. That money could have been utilised for so many useful areas of security and development,” the party has alleged.

Marking its Indian Premier League debut with 4k viewing in 12 languages, that too for free, JioCinema grabbed the limelight by breaking records with its viewership and download numbers on the first day of IPL 2023.

With 25 million downloads on the opening day of IPL 2023, JioCinema set the record for being the most installed app in a single day, reported Moneycontrol’s Storyboard18.

Congress leader Rahul Gandhi will be in Gujarat's Surat city on Monday to file an appeal in a court against his conviction in a criminal defamation case over his "Modi surname" remarks.

Senior Congress leaders, including Priyanka Gandhi Vadra, chief ministers of three Congress-ruled states, other national and state party leaders are likely to accompany him to the court, sources said.

Leading energy-sector players like Reliance, Tata Power Solar, and JSW Energy have been allotted sums in different categories in the second tranche of the solar PLI (production-linked incentive) scheme totalling Rs 13,937 crore.

The highest amount, Rs 3,300 crore, has gone to Indosol Solar, a special purpose vehicle of Shirdi Sai, which was one of the winners in the first tranche of solar PLI also. Reliance Industries Ltd (RIL), which has got Rs 3,098 crore, follows.

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