Securitize, one of the largest providers of tokenization infrastructure for Wall Street, expects to raise about $400 million as it prepares to go public through a merger with a Cantor Fitzgerald-backed special purpose acquisition company. The company said Friday that, following lower-than-expected shareholder redemptions, the business combination with Cantor Equity Partners II (CEPT) is expected…
New Delhi: In a bid to provide some reprieve to airlines badly affected by the US-Iran war, the aviation ministry has directed 34 major airports to reduce their landing and parking charges by 25% for three months, for domestic flights. Accordingly, the Airports Economic Regulatory Authority (AERA) on Tuesday issued an order directing the operators…
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New Zealand foreign minister and New Zealand first leader Winston Peters has accused the National Party-led government of ‘covertly’ introducing immigration changes that unfairly target Indian citizens under the proposed India-New Zealand Free Trade Agreement (FTA), while the government has rejected the allegations as misinformation.In a series of posts on X and later during the…
NEW DELHI: India’s pharmaceutical industry must focus on both generics and innovative products, as well as develop products specially tailored for the country’s patient needs. Domestic companies particularly smaller to mid-sized players can carve out a strong role in rare diseases and niche patient segments, where agility and specialised research can drive meaningful breakthroughs, pharma…
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File photo of Nitin Gadkari NEW DELHI: Union minister Nitin Gadkari on Sunday made a strong pitch for generational transition in leadership, suggesting that the older generation should step aside once systems begin to function smoothly and allow younger people to take charge.Addressing a press conference in Nagpur ahead of the Advantage Vidarbha–Khasdar Audhyogik Mahotsav,…
New Delhi: Swiss drug firm Novartis will sell its entire stake of nearly 71% in its listed Indian subsidiary for about Rs 1,446 crore to a clutch of private equity investors, led by ChrysCapital. The exit comes two years after the parent began a strategic review of its Indian subsidiary, including assessing its stake in…
