Satin Growth Alternatives launches debut ₹200 cr fund

Satin Growth Alternatives launches debut ₹200 cr fund


The fund’s quasi equity/debt instruments balance downside protection with equity upside potential.

Following SEBI approval, Satin Growth Alternatives Ltd (SGAL), a 100 per cent owned subsidiary of Satin Creditcare Network Ltd (SCNL), has launched its debut ₹200 crore Category II Alternative Investment Fund (SGAL-Scheme 1).

The fund will back businesses around financial inclusion, sustainability and impact with an average ticket size of ₹4-5 crore going up to ₹10 crore.

The fund, whose quasi equity/debt instruments balance downside protection with equity upside potential, will be led by VC (venture capital) and consulting professional Shivika Sethi (Partner at SGAL since October 2025, with around 14 years of experience), per a SCNL statement.

HP Singh, Chairman-cum-Managing Director, SCNL, said: “This initiative not only reflects our commitment to fostering inclusive and sustainable growth, but also creates an opportunity for our talented team to step into larger leadership roles.

“I look forward to seeing how they evolve, take ownership, and contribute to building a differentiated investment platform that delivers both strong financial returns and meaningful impact.”

Aditi Singh, Director, SGAL and Chief Strategy Officer, SCNL, observed that at its core, the AIF’s strategy is designed to empower women-led and women-focused businesses, enabling greater financial inclusion and unlocking opportunities at the last mile.

“By bridging the gap between traditional debt and equity, we aim to provide flexible, growth-oriented capital to enterprises that are often underserved,” she said.

Published on April 15, 2026



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Baharampur sees high-stakes triangular contest

Baharampur sees high-stakes triangular contest


Congress candidate from Berhampore constituency, Adhir Ranjan Chowdhury campaigns ahead of the West Bengal Assembly elections
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“Is there any prohibition saying that a person who has been elected as an MP cannot contest the Assembly elections? There is no such prohibition. Even Mamata Banerjee, a seven-time MP, has also been fighting elections for the Assembly,” said veteran Congress leader Adhir Ranjan Chowdhury, who always plays with a straight bat.

A comeback

Chowdhury, a five-time Congress MP and former leader of the party in Lok Sabha, is all set to return to State politics after two-and-a-half decades. Gearing up for a high‑stakes battle, he is contesting this Assembly elections from the Baharampur Assembly constituency in Murshidabad to recapture his former stronghold.

“In this Assembly polls, the Congress party is very much assertive. Our party is ahead in at least four districts in West Bengal. We are very much optimistic. The Congress will come out with a good results,” Chowdhury told businessline.

Causing a huge upset in the 2024 Lok Sabha elections, the heavyweight leader of the grand old party lost the minority-dominated Baharampur Lok Sabha constituency to Trinamool Congress’ cricketer-turned-politician Yusuf Pathan. Making his electoral debut, the former all-rounder had bowled Chowdhury out by winning the seat with a margin of more than 85,000 votes.

“Trinamool Congress supremo Mamata Banerjee had fielded the Muslim celebrity against me in order to make a dent in the Muslim electorates. The ruling party in the State also tried to engineer communal clashes in my constituency before the Lok Sabha elections to polarise voters in order to defeat me,” Chowdhury pointed out.

Political observers feel that apart from religious polarisation, Congress’ weakening grip in Baharampur also caused the 2024 loss. And the party’s continued weakness here remains a major headache for Chowdhury in this election, too.  The Baharampur Assembly constituency, among 22 Assembly seats in the Muslim-dominated Murshidabad district, covers Baharampur municipality, and five other gram panchayats. In this constituency, around 70 per cent voters are Hindu. In a Triangular contest, Adhir Ranjan Chowdhury will be taking on BJP’s incumbent MLA Subrata Maitra and Trinamool Congress’s Naru Gopal Mukherjee.

Seeking re-election

Maitra, who is seeking re-election, said the people of the State want parivartan, or change in the government, as they are “fed up with a large scale corruption” being carried out by the ruling Trinamool Congress. “The BJP can ensure a stable and efficient government in the State,” he said during an election rally.

“In this constituency names of around 4,000 voters were deleted during the SIR of the electoral rolls,” said Maitra. Chowdhury has been demanding that the elections should be postponed until all legitimate voters are included in the final voter list.

“Adhir Ranjan Chowdhury is not a winning candidate. He lost this seat in the 2024 Lok Sabha elections. His party lost the last Assembly elections in 2021. His vote bank has been shattered in five years. We are very optimistic this time as our candidate won LS polls two years ago,” said TMC’s Mukherjee.

Locals said although Chowdhury is still a very popular leader here, Congress’s strength has diminished considerably. It is going to be a toughest contest for the veteran leader. “I personally admire Adhir Chowdhury. But why should one vote for Adhir Chowdhury now? BJP rules at the Centre, while Trinamool is in power in the State. Why should people cast votes in favour of Congress just for only a seat for the party in this elections?” wondered Pappu Das, a voter of the constituency.

Published on April 15, 2026



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NAAS suggests govt to consider one-time licensing for imported horticulture hybrids

NAAS suggests govt to consider one-time licensing for imported horticulture hybrids


Among other recommendations, it has suggested the government to develop production protocols for organic/natural farming and facilitate the certification to the growers.

The National Academy of Agricultural Sciences (NAAS), the apex body of agriculture scientists, has suggested the government to introduce one-time licensing mechanism for globally competitive horticultural crop varieties/hybrids currently being imported, so that those are freely accessible to farmers and reduce repeated imports and ongoing royalty burdens.

In a policy paper released last week, NAAS has also said that improved varieties and hybrids be developed in the country in import-dependent seeds in crops like carrot, beetroot, gherkins, parthenocarpy, cucumber, papaya, apple, walnut, hazelnut, kiwifruit, olive, oil palm, date palm, blueberry, tulips and lilium.

“Strengthen the breeding programme of the horticultural crops, for which seeds and planting materials are imported in high quantity, and minimise the burden of royalty through specific licensing. Emphasise the development of improved varieties and hybrids in import-dependent horticultural crops,” NAAS said in a policy paper — Horticultural Innovations to Enhance Exports from India – released last week.

It has also said that emphasis should be on the development of exportable varieties targeting the destination countries considering consumer preferences, nutrition value and shelf-life.

“Promote a sustainable, efficient and safe production system aligned with global concerns for food safety and traceability. Promote adoption of Bharat GAP-compliance packages (good agricultural practices) in horticultural crops to improve field-level compliance and enhance export readiness,” the study said.

Among other recommendations, it has suggested the government to develop production protocols for organic/natural farming and facilitate the certification to the growers. Besides, traceability systems across the value chain, including organic produce should be strengthened to assure food safety and sustainability.

There is a need to develop sea route protocols for long duration consignments of important fruits such as banana, pomegranate and mango to minimise the export cost, it said adding processing-specific varieties in major horticultural crops such as tomato (paste/concentrate), onion (dried flakes/powder), potato (chips, French fries), chilli (high oleoresin), turmeric (high curcumin) and marigold (high lutein and zeaxanthin) should be developed.

“Promote linkages with food, pharmaceutical and cosmetic industry partnership for developing innovative uses of horticulture-based processed and value-added products,” it said.

On streamlining regulations of pesticides in horticulture, it said crop specific data on pesticides for effective management of insects and pests be generated. “Facilitate the Central Insecticides Board & Registration Committee’s (CIBRC) for providing the data on new and safer agrochemicals for registration,” it said.

“Crop grouping approaches may be implemented to streamline label claims for maximum crop groups for inclusion in CODEX norms. This will facilitate to optimising residue testing and standardise maximum residue limits (MRLs),” it said suggesting public–private partnership (PPP) models and institutional support.

As hybrid seed production is costly in many countries, India can serve as a key supplier for importing countries, it noted. “India’s strength as a major hub for vegetable hybrid seed production, particularly for solanaceous vegetables and cucurbits, can be leveraged by simplifying export policy to promote seed exports,” it said.

Published on April 15, 2026



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CBSE Class 10 results 2026: Pass percentage at 93.7%, girls outperform boys

CBSE Class 10 results 2026: Pass percentage at 93.7%, girls outperform boys


CBSE has announced Class 10 results with a pass percentage of over 93.7%, with more than 55,000 students scoring above 95%
| Photo Credit:
KVS Giri/The Hindu

More than 93.70 per cent students cleared Class 10 board exams with over 55,000 of them scoring above 95 per cent marks, the Central Board of Secondary Education (CBSE) announced on Wednesday.

Over 2.20 lakh candidates have scored above 91 per cent marks.

Girls outshone boys yet again with 94.99 per cent of girls clearing the exam, with 1.3 percentage points higher than the pass percentage of boys which stood at 92.69 per cent. Transgenders recorded a pass percentage of 87.50 in the crucial exams.

In line with the recommendations of the National Education Policy (NEP), the CBSE introduced two board examinations for Class 10 students this year. The first examination was held in February-March and the second is scheduled for May. It was mandatory for students to appear in the first edition.

“Traditionally, Class 10 results are announced in mid-May. However, this year, CBSE evaluated approximately 1.6 crore answer books in record time and the result is being declared a month earlier than usual,” said CBSE Examination Controller Sanyam Bhardwaj.

“Following the declaration of results, students will be asked to submit their candidature for the second examination through their respective schools,” he said.

While 55,368 students have scored above 95 per cent marks, 22,1574 have scored above 90 per cent. More than 1.47 lakh candidates have been placed in the ‘compartment’ category.

Trivandrum and Vijaywada regions have recorded the highest pass percentage of 99.79 per cent. The lowest pass percentage has been recorded by the Guwahati region (85.32 per cent). Delhi achieved a pass percentage of 97.38 per cent.

Institution-wise, the best performance was achieved by the Kendriya Vidyalayas with a pass percentage of 99.57 per cent. It was followed by the Navodaya Vidyalayas at 99.42 per cent. The private schools achieved a pass percentage of 93.77 per cent while government-aided schools recorded the lowest pass percentage at 91.01 per cent.

Children With Special Needs (CWSN) have achieved a pass percentage of 96.24 with at least 91 of them scoring above 95 per cent marks and 452 students in the category scoring above 90 per cent marks.

According to the earlier decision of the board to avoid unhealthy competition amongst students, no merit list has been declared by the CBSE. Also, the board did not award first, second or third divisions to its students.

“However, we will issue the merit certificate to top 0.1 per cent of students who have scored the highest marks in the subjects. The merit certificate will be made available in the Digi-Locker of the student concerned after second board examinations,” he said.

The board also declared the results for students appearing for the exams in the Middle East where the examination was cancelled in view of the prevailing situation due to the West Asia crisis. The CBSE had announced an alternative marks calculation policy for these students.

“Given the prevailing situation in West Asian countries, CBSE has decided to release the results of students from this region simultaneously with other students, ensuring fairness and consistency in accordance with CBSE policy,” Bhardwaj said.

The foreign schools recorded a pass percentage of 99.10.

This time, more than 24.71 lakh candidates appeared for the exam which was conducted at 8,074 centres. On February 21, the СBSE conducted examinations of 24.95 lakh candidates which was the biggest examination conducted in a single day. More than 10 lakh rooms and 20 lakh invigilators were used on this day.

Published on April 15, 2026



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LPL Financial opens Global Capability Centre in Hyderabad

LPL Financial opens Global Capability Centre in Hyderabad


A Fortune 500 company, LPL is among the fastest-growing wealth management firms in the US, supporting more than 32,000 financial advisors.
| Photo Credit:
iStockphoto

The US-based wealth management firm, LPL Financial, has inaugurated it’s Global Capability Centre (GCC) in Hyderabad.

While LPL’s core business remains US-focused, the Hyderabad-based LPL Financial GCC will support important enterprise functions including technology, operations, product development, data and analytics and risk management. 

As part of LPL’s global operating model, the GCC is expected to enhance advisor and client support, accelerate innovation, and strengthen platform stability and operational resilience.

“As we continue to elevate our position from being a GCC hub to a global value creation ecosystem, commitments like this reinforce Telangana’s vision of building Hyderabad as a leading global centre for wealth management and financial services innovation,” D Sridhar Babu, Telangana Minister for IT E&C, and Industries said at the inaugural on Wednesday. 

“The opening of a new facility—it marks an important step in our journey to build a more agile, scalable and innovation-driven organization,” said Greg Gates, Chief Technology and Information Officer for LPL Financial.

Ramesh Kaza, Executive Vice President and Head of Country for the LPL Financial Global Capability Centre, said: “Over the next three to five years, we expect this centre to become an increasingly important capability hub, with teams supporting business, product development, technology, and operations.” 

A Fortune 500 company, LPL is among the fastest-growing wealth management firms in the U S, supporting more than 32,000 financial advisors.

Published on April 15, 2026



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