Centre asks for tweaking Metro Phase 3A's 'high' cost
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Value Chain
28 minutes ago
- Fashion Value Chain
Marwari Catalysts Unveils Rs. 4,000 Crore Impact Fund to Accelerate Purpose?'Driven Startups
Marwari Catalysts (MCats), India's fastestâ'growing startup accelerator, today announced plans to build a Rs. 4,000 crore (US$500 million) impact-focused portfolio by 2027. Backed by more than 150+ co-investors, family offices and 200+ global mentors, the initiative coincides with MCats' expansion into Dubai and Singapore. This milestone underscores MCats' mission to develop a startup ecosystem where innovation translates into social inclusion and last-mile impact. Marwari Catalysts Unveils Rs. 4,000 Crore Impact Fund to Accelerate Purposeâ'Driven Startups Since its founding, MCats has invested in and accelerated over 100 earlyâ'stage ventures across the country. The accelerator has generated more than 5,000 jobs, with 35% of its portfolio companies led by women co-founders, and key department heads led by women. Its commitment aligns closely with the United Nations Sustainable Development Goals (SDGs), ensuring that growth and social progress go hand in hand. Marwari Catalysts Unveils Rs. 4,000 Crore Impact Fund to Accelerate Purposeâ'Driven Startups 'We believe valuations shouldn't eclipse values,' said Sushil Sharma, founder of Marwari Catalysts. 'This fund is our blueprint for a more resilient and inclusive India. Success isn't just about unicorns; it's about building companies that improve lives and create lasting social change.' Through its investments and mentoring programs, MCats directly advances several SDGs: Good Health & Well-being (SDG 3) : Investments in fertility treatment provider Pratap IVF, elderly care or homeâ'care innovator Sarathi Healthcare make high-quality healthcare with AI like Onedose to underserved communities. Quality Education (SDG 4) : Accelerator programs support edtech startups such as Indian Map Service, Learn & Build and Tutedude, while MCats Foundation's outreach efforts equip students in rural areas and women with industryâ'aligned skills. Gender Equality (SDG 5) : Over oneâ'third of MCats' startups are helmed by women. Portfolio companies like Book Cafe, Fresh Woof, Nuskha Kitchen and First Crack exemplify this commitment. Decent Work & Economic Growth (SDG 8) : MCatsâ'backed ventures have collectively created more than 5,000 jobs across Tier II and Tier III cities, reducing urban migration by offering high-quality employment in locations such as Jodhpur, Ajmer, Nasik, Udaipur, Sikar, Surat and Raipur. Industry, Agri Innovation & Infrastructure (SDG 9) : Highâ'impact startups across fintech, agritech and sustainability-such as TURMS, PropFTX, Freshokartz, Work Affair -are building the infrastructure for India's next-generation economy. Sustainable Cities & Communities (SDG 11) : Initiatives like Startup Chaupal and Startpreneur nurture local talent, while ventures focusing on clean energy and digital access address cityâ'level challenges. Climate Action (SDG 13): MCats intends to be India's first carbonâ'neutral accelerator by 2027 and supports climateâ'resilient startups including Climekare, UCR, BuyByScrap. 'MCats' support has been invaluable,' said Lavender Singh Rathore, Founder of Sarathi Healthcare. 'Their guidance and network have enabled us to bring highâ'quality healthcare directly to patients' homes. It's a partnership driven by a shared purpose.' About Marwari Catalysts Founded in Jodhpur, Marwari Catalysts (MCats) is one of India's leading startup accelerators. It has invested in over 100 startups nationwide, generating thousands of jobs and supporting women-led businesses. MCats' mission is to build a purposeâ'driven startup ecosystem aligned with the UN SDGs, proving that innovation and social impact can thrive together.
&w=3840&q=100)
Business Standard
28 minutes ago
- Business Standard
Cities overwhelmed by rain: Here's why you can't ignore home insurance
Contrary to perception, home insurance is not expensive. Cover for a home and contents worth Rs 50 lakh can be purchased for just Rs 1,500-Rs 2,000 annually New Delhi Several cities are overwhelmed by heavy rains, and reports of inundated streets and houses are pouring in. Yet, despite recurring losses, home insurance penetration in the country remains alarmingly low. Experts say that awareness and affordable policies can go a long way in protecting middle-class households from financial shocks. Rising flood risks in cities 'Year on year, the world is witnessing a rise in floods and cyclones, and India is no exception,' said Shashi Kant Dahuja, executive director and chief underwriting officer, Shriram General Insurance Limited. He pointed to Mumbai's recent floods as an example where waterlogging not only damaged vehicles but also homes, furniture, and electronics. 'An appropriate home insurance not only covers the structure but also protects personal property, which is very important,' he added. Similarly, Arti Mulik, chief technical officer, Universal Sompo General Insurance, said that low-lying areas like Dadar and Kurla in Mumbai often face inundation. 'Residents suffer losses due to damaged electronics and furniture, and sometimes homes become uninhabitable. In such cases, policies may also pay for temporary relocation,' she said. What's covered and what's not? Policies cover flood, storm, cyclone, and inundation as standard covers. It may also provide protection against short circuits, appliance failures, and structural damage caused by moisture. However, exclusions apply. Dahuja highlighted that valuables like bullion, coins, and manuscripts are not covered unless specified. Mulik added that intentional damage, pre-existing defects, or long-term vacant homes may also fall outside coverage. Hari Radhakrishnan, an expert of the Insurance Brokers Association of India (IBAI) explained that policyholders must ensure proper upkeep of the property and provide proof of ownership or lease for claims to be processed. Affordability versus low awareness Contrary to common perception, home insurance is not expensive. 'Cover for a home and contents worth Rs 50 lakh can be purchased for just Rs 1,500– Rs 2,000 annually,' said Dahuja. Mulik added that a Rs 30 lakh cover may cost only Rs 2,000–Rs 5,000 for a 10-year term. Despite this, penetration remains below 1 per cent. Radhakrishnan blamed 'poor awareness, fatalistic attitudes and the fact that most policies are sold only when bundled with home loans.' Preparing for the rainy season Experts recommend some simple precautions: Clear drainage systems and repair leaks before heavy rains. Store household goods away from basements and open areas. Maintain digital copies of bills, photos, and videos of valuables. Document damage promptly and co-operate with surveyors during claims. 'Just as you prepare your car for the monsoon, households should also check their home insurance policies and keep emergency contacts handy,' Mulik advised.
Economic Times
28 minutes ago
- Economic Times
Apollo Hospitals promoters to sell stake worth Rs 1,395 crore in block deal: Report
Promoters of Apollo Hospitals Enterprise are expected to sell shares worth ₹1,395 crore via a block deal, with a floor price of Rs 7,747 per share, a 2% discount on Thursday's closing. Suneetha Reddy may sell up to 1.25% equity. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Promoters of Apollo Hospitals Enterprise are likely to sell shares worth Rs 1,395 crore in the company via block deal on Friday. The floor price is likely set at Rs 7,747 per share, ET Now is a 2% discount over Thursday's closing price of Rs 7,920. Apollo Hospitals shares closed with gains of Rs 37 or 0.47%.While details of the deal are awaited, CNBC-TV18 reported that Suneetha Reddy will sell equity up to 1.25% stake. She currently holds 3.36% stake accounting over 48.34 lakh shares. Apollo Hospitals Enterprise reported a consolidated net profit of Rs 433 crore in Q1, up 42% compared to Rs 305 crore reported in the year ago period. The profit after tax (PAT) was attributable to the owners of the company. Company's revenue from operations in the quarter grew 15% to Rs 5,842 crore versus Rs 5,086 crore in PAT was 11% higher on a sequential basis versus Rs 390 crore in Q4FY25 while the topline increased 4.5% over Rs 5,592 reported by the company in earnings were announced after market hours and Apollo Hospitals shares ended with minor downtick at Rs 7,253 on the company earned its revenues from healthcare services, Retail health & diagnostics, Digital health & pharmacy distribution and also as other services revenue stood at Rs 2,974 crore in Q1FY26 versus Rs 2,843 crore in Q4FY25 and Rs 2,654 crore in Q1FY25. The retail health & diagnostics revenue stood at Rs 435 crore in Q1FY26 versus Rs 394 crore in Q4FY25 and Rs 366 crore in Q1FY25 while digital health & pharmacy distribution revenue stood at Rs 2,472 crore in Q1FY26 versus Rs 2,376 crore in Q4FY25 and Rs 2,082 crore in Read: Vedanta announces second interim dividend of Rs 16 per share; check record date
