The Reserve Bank of India (RBI) on Wednesday issued a list of entities that have not been authorised to operate electronic trading platforms (ETPs) for forex transactions.

The central bank’s move follows its February 3 statement cautioning the public against undertaking forex transactions on unauthorised ETPs or remit or deposit money for unauthorised forex transactions.

“The RBI, however, continues to receive references seeking clarification on the authorisation status of some ETPs. It has, therefore, been decided to place on the RBI website an “Alert List” of entities which are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (Fema) nor authorised to operate electronic trading platforms for forex transactions,” RBI said.

Healthtech platform 1mg has raised a fresh funding of $40 million in a round led by Tata Digital. The startup was valued at over $1 billion, according to filings with the Registrar of Companies (RoC).

Tata Digital, which had acquired a controlling stake in 1mg in June last year, invested around Rs 254 crore or about $32 million in the current round. Institutional investors, including KWE Beteiligungen AG and HBM Healthcare Investments, MAF Mauritius, and MPOF Mauritius, participated in the round. It saw contributions from individual investors Rubal Jain and Vardaan Sharma, filings revealed.

Skyroot Aerospace, a four-year-old space tech startup, has raised $51 million in a Series-B financing round. The company claims this is the biggest funding round ever in the Indian space-tech sector.

The funding round was led by GIC, a leading global investment firm headquartered in Singapore.

Skyroot will use the funds to expand its space engineering team, which currently has close to 200 employees.

The funding would also help the company get to full-fledged commercial satellite launch scale within a year from now, said Naga Bharath Daka, co-founder and COO of Skyroot. It has started booking payload slots for its upcoming launches, he added.

Realty firm Supertech Ltd, which incurred a loss of about Rs 500 crore from the demolition of its twin towers, wants to develop a new housing project at the same place and it will seek refund of land cost and other expenses if authorities do not approve the plan, its Chairman R K Arora said.

The nearly 100-metre-tall twin towers -- Apex and Ceyane -- were demolished at 2.30 pm on August 28 as per a Supreme Court order that found their construction within Emerald Court premises in violation of norms. More than 3,700 kg of explosives were used in this operation.

After the debris gets cleared from the site, Arora said the company will submit a proposal before the Noida development authority to develop a housing project and also take consent of RWA of Emerald Court, if needed.

Hyderabad-based space tech startup Skyroot Aerospace has raised US $51 million (Rs 403 crore) in a Series-B financing round. This is the largest funding round ever in the Indian spacetech sector, a release by the company claimed.

In contrast, Accenture recently announced that it has invested $25 million in Pixxel in a series A funding round. Chennai-based Agnikul Cosmos has, as of now, raised $11 million in Series A funding and is reportedly raising further funds in a new round; Hyderabad-based Dhruva Aerospace, in October 2021, raised Rs 22 crore or around $2.7 million.