The groundwork for making L&T Finance Holding (LTFH) a retail credit-driven entity had begun before Larsen & Toubro (L&T), its parent, said its subsidiary would get out of wholesale and real estate funding.

Soon after declaring results for the third quarter of FY22, it articulated a roadmap to grow the share of retail loans from 50 per cent now to 80 per cent by the end of March 2026.

The Canada Pension Plan Investment Board (CPPIB) will invest Rs 2,650 crore in a joint venture with Bengaluru-based realty firm RMZ Corp to develop and acquire commercial projects across India.

RMZ Corp and CPPIB announced that they have entered into their second joint venture to develop and hold commercial office space in key cities across India.

Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries and the holding company of all retail companies within the group, has invested in Abraham & Thakore Exports for a majority stake.

RRVL seeks to leverage its subsidiary Reliance Brands’ (RBL’s) deep understanding of the affluent Indian customer and their heft across digital, retail operations, marketing, and supply chain platforms, to build Abraham & Thakore’s global appeal in the fashion and lifestyle category, Reliance Industries said in a press release.

Two weeks after he was appointed Air India chief executive officer, Ilker Ayci has declined the offer to join the Tata Group-owned airline. Ayci’s departure, even before taking charge, comes in the backdrop of a controversy around his security clearance prospects.

Ayci, former chairman of Turkish Airlines, had earlier served as advisor to Turkey president Recep Tayyip Erdogan. His closeness to Erdogan drew criticism on social media given the frosty relations between India and Turkey.

The global coronavirus caseload has topped 435.1 million, while the deaths have surged to more than 5.94 million and vaccinations to over 10.48 billion, according to Johns Hopkins University.

In its latest update on Monday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 435,174,068 and 5,948,306, respectively, while the total number of vaccine doses administered has increased to 10,486,610,798.

A fifth flight carrying 249 Indian nationals who were stranded in Ukraine landed in New Delhi on Monday morning. The flight running as part of Operation Ganga had departed from Romania's Bucharest in the early hours today.

Government has helped us a lot. All possible support was provided by the Indian Embassy. The main problem is crossing the border. I hope all Indians are brought back. There are several more Indians still stranded in Ukraine, said a student who arrived in Delhi from Ukraine

The single-day rise in coronavirus infections fell below 10,000 after two months, with 8,013 cases taking India's total tally to 4,29,24,130, while active cases have declined to 1,02,601, according to Union health ministry data updated on Monday.

On December 28 last year, 9,195 people were infected in a day.

The death toll has climbed to 5,13,843 with 119 daily fatalities, the data updated at 8 am stated.

The rupee tumbled 40 paise to 75.33 in early trade on Monday, tracking surge in crude prices amid escalating tensions between Russia and Ukraine.

At the interbank forex market, the local currency opened sharply lower against the dollar. It was moving in a tight range of 75.78 and 75.70. In early deals, it was trading at 75.73, registering a fall of 40 paise over its previous close.

Test automation platform Testsigma has secured $4.6 million in seed funding led by Accel and STRIVE, with participation from BoldCap and a host of well known entrepreneurs and operators. These include Shanmugam Krishnasamy, co-founder and CTO of Freshworks; Kiran Darisi, co-founder and VP of engineering at Freshworks; Parsuram Vijayasankar, co-founder and principal engineer at Freshworks; Vetri Vellore, CEO of Ally.io; Nitesh Banta, CEO at B12; Ioann Fainsilber, Co-Founder at Pintek, and others.

Testsigma will use the capital to strengthen the core engineering and product team and to build alongside and for a global community of testers, test automation engineers, and developers.

Bharti Airtel shareholders have approved the issue of preferential shares to Google for its about Rs 7,500 crore investment in the company to buy 1.28 per cent stake.

A special resolution to approve Google's investment was approved by over 99 per cent of the shareholders, according to the voting result of an extraordinary general meeting (EGM) filed by Airtel on Sunday.

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