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HDFC Capital Advisors has partnered with Shalimar Corp to set up a Rs 750 crore real estate development platform aimed at residential and mixed-use projects in Uttar Pradesh. The venture targets more than 5 million sq ft of development potential, including about 3,000 homes, with Lucknow and Varanasi among the first focus markets.
In a surprising turn of events, the CEO of a leading financial firm has left the company following backlash over a Facebook post featuring an AI-edited family photo. The incident raises questions about corporate governance and social media accountability.
The Tamil Nadu government has ordered a daily food allowance of Rs 50 for 24,264 conservancy workers of the Greater Chennai Corporation, replacing the meals currently supplied to them. The move follows a worker survey in which about 92% said they preferred cash support over the existing food scheme, citing persistent complaints over meal quality and delivery.
Police in Katpadi arrested two bus passengers after seizing 10 litres of illicit arrack during a vehicle check near Christianpet village on Saturday. The accused, both from Chhattisgarh, allegedly told investigators they were carrying the liquor to Hosur to sell to workers at a private company.
IIT Madras, its Research Park and Unicorn India Ventures have announced a first close of Rs 450 crore for a Rs 1,000 crore fund aimed at advanced technology startups, with the final close expected by December 2026. The fund has already deployed nearly Rs 55 crore across four deep-tech startups as it sharpens its focus on sectors seen as strategically important to India's industrial and national security ambitions.
The IIT Madras-led Unicorn Frontier Fund has reached a Rs 450 crore first close, marking a major early milestone for its Rs 1,000 crore deep-tech investment vehicle. Backed by alumni, family offices, institutions, corporates and banks, the fund has already deployed capital into four startups working on rocket engines, air-quality technology, quantum instrumentation and energy storage.
The Telangana government is weighing a new "Tourism Coupons" initiative aimed at encouraging Hyderabad's large IT workforce to travel across the state on weekends, in a bid to expand domestic tourism and spotlight lesser-known destinations. The proposal comes alongside a much larger push to use AI, digital tools and private investment to position Telangana as a major tourism hub, with officials now targeting Rs 50,000 crore in tourism investments and 5 lakh jobs.
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Entities frequently referenced alongside Shalimar Corp: