Maruti Suzuki India and Nadathur S Raghavan Centre for Entrepreneurial Learning (NSRCEL), the startup hub at the Indian Institute of Management Bangalore, have selected 26 mobility startups for a nine-month extensive incubation programme.

The automobile manufacturer had joined hands with the Indian Institute of Management Bangalore in August 2020 to incubate early-stage mobility startups and help them become large scale businesses.

The 26 startups, which have been shortlisted from over 400 applications received from across India, will undergo a three-month pre-incubation journey. During this period, they will engage in various sessions, workshops, peer-to-peer learning activities and receive regular one-on-one mentoring and advisory sessions. The major highlights will be networking events, mock-pitches and interaction with investors.

Based on intelligence, Air Customs officials intercepted Noormohamed Sultan, 60, of Kanchipuram, on Wednesday (February 24) when he was headed for security hold after clearing immigration, to board flight 6E-65 to Dubai. 

The officials suspected the passenger because he appeared to be nervous. After his personal search was carried, foreign currency 2000 US Dollars in 100 denomination, valued at Rs.1.45 lakhs were found in his pant pocket. 

Following which his check in baggage was searched in which the officials found numerous magazines, old books and five covers wrapped with adhesive tape were also found. On being cut open, Saudi Riyals were found to be ingeniously concealed inside a carton box. 

Finance Minister Nirmala Sitharaman’s office on Wednesday announced that the embargo on grant of government business to private banks has been lifted, thereby allowing them to participate in development of the economy and social sector initiatives.

“Embargo lifted on grant of Govt business to private banks. All banks can now participate. Private banks can now be equal partners in development of the Indian economy, furthering Govt’s social sector initiatives, and enhancing customer convenience,” the Finance Minister’s office wrote on Twitter.

“The Government has lifted the embargo on private sector banks (only a few were permitted earlier) for the conduct of Government-related banking transactions such as taxes and other revenue payment facilities, pension payments, small saving schemes, etc,” a press brief released on Wednesday by the Department of Financial Services.

Bitcoin has been soaring to new heights since the start of 2021, but market analysts have opposing opinions on the prospects of the cryptocurrency. Despite its volatility and vulnerability to market factors, there is a rather optimistic section that believes bitcoin's Bull Run will not end in a hurry, while there are others who are convinced about its eventual crash.

And billionaire investor Rakesh Jhunjhunwala has called for a complete ban on cryptocurrencies such as bitcoin in the country. Referred to as 'India's Warren Buffet', the 60-year-old went on to state that he "will never buy bitcoin".

In an interview with a news channel on Tuesday (February 23), Jhunjhunwala did not mince words as he said, "I think it's speculation of the highest order. I don't want to join every party in town. I think the hangover is much worse."

The Supreme Court has stopped regulatory approval for the Future Group’s $3.4 billion asset sale to Reliance Industries Ltd., effectively halting the deal and marking another victory for Amazon.com Inc., which wants to scuttle the transaction in its bid to dominate the country’s retail sector.

Agreeing with the American e-commerce giant’s petition, the top court on Monday overturned a lower court’s ruling and stopped India’s company tribunal from approving the transaction till further orders. The court issued notices to Future Retail Ltd. seeking written statements on Amazon’s petition. Justice Rohinton F. Nariman who’s heading the two-judge panel said the court will hear the case again after five week.

The latest verdict restores th dee legal advantage for Jeff Bezos-founded Amazon that secured an interim stay on the deal from a Singapore arbitration tribunal in October after accusing the Future Group of violating a partnership contract when it agreed to sell assets to billionaire Mukesh Ambani’s conglomerate last year. The Monday order, however, endangers Future Retail Ltd.,