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The capital market regulator is taking a close look at how private equity houses (PE) and venture capital funds (VCF) value the startups and unicorns they bankroll.
The government is working on a plan to revive stalled gas-fired plants and will provide them with a separate high-price market to sell electricity, power and new and renewable energy minister RK Singh said.
The Reserve Bank of India is estimated to have sold about $13 billion in the spot market in August to defend the rupee from falling further against the US dollar, top dealers told ET, citing the depletion in the country’s forex reserves.
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