Trifecta Capital is planning a Rs 1,500 crore-late stage venture capital fund that will invest in new economy companies that are likely to pursue an initial public offering in the medium term.

Trifecta Capital has invested in over 70 companies across its two venture debt funds and its present portfolio comprises nine unicorns and 11 soon-to-be-unicorns.

The number of coronavirus cases in India hit a record daily high since the outbreak of the pandemic in the country with over 1.07 lakh new infections reported on Tuesday, according to the data provided by governments of various states and Union territories.

The number of coronavirus cases breached the 1-lakh mark for the second time in three days with the central government asserting that one of the major reasons for the surge in infections was people becoming lax towards following COVID-appropriate behaviour.

The Tamil Nadu Assembly elections ended peacefully on Tuesday and the voter turnout stood at 71.79 per cent with people sealing the fate of nearly 4,000 candidates including that of AIADMK's K Palaniswami and DMK chief M K Stalin, the key contenders for power.

The 71-plus polling percentage is likely to go up with completion of data collation, Chief Electoral Officer Satyabrata Sahoo told reporters.

People from sixty villages in Trimbakeshwar Tehsil of Nashik district have been facing difficulties as there has been no electricity for the last 8-10 days in this region.

Speaking to ANI, the sarpanch of Belgaodaga village, Sanjay Gangode said, For the last 8-10 days there is no electricity in 60 villages of this region. The villagers are facing a lot of problems. Due to darkness at night, wild animals attack the villagers. We request the administration to restore electricity.

API Holdings Pvt., one of India’s largest digital pharmacies, announced on Wednesday that it has raised $350 million from Prosus Ventures and TPG Growth LLC. The company was valued at close to $1.5 billion, according to a person familiar with the deal, adding to a rapidly growing list of unicorn startups in the country.

Reliance Jio Infocomm (Jio) on Tuesday said it had signed a definitive agreement with Bharti Airtel to acquire the right to use spectrum in the 800-megahertz (MHz) band in Andhra Pradesh, Delhi, and Mumbai circles through spectrum trading.

Jio will acquire 3.75 MHz in Andhra Pradesh, 1.25 MHz in Delhi, and 2.5 MHz in Mumbai.

As coronavirus cases in India continue to rise at an alarming rate, Union Health Minister Harsh Vardhan on Tuesday held a meeting with health ministers of 11 states and union territories where cases of COVID-19 are on the rise. During the meet, he also informed the reasons for the sudden increase in new cases of the virus.

Your EMI rates will remain the same as the Reserve Bank of India has kept the repo rate unchanged at 4%, maintaining an accommodative stance. The reverse repo rate stands at 3.35%.

Making the announcement, RBI governor Shaktikant Das informed that the projection of real GDP growth for 2021-22 is retained at 10.5%.

Jaguar Land Rover India on Tuesday said it has commenced bookings for the updated version of F-PACE SUV.

With new exterior, all-new interior, latest generation Pivi Pro infotainment and the choice of in-line four-cylinder petrol and diesel engines, the new F-PACE is more luxurious, connected and efficient, JLR India said in a statement.

The Securities and Exchange Board of India (Sebi) has asked Indian companies to work towards separating the roles of chairperson and managing director (MD).

The deadline is a year away, but the market regulator is hinting that it won’t extend it.

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