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Search Results for author "Ayush Singh"
Early-stage VC firm Kae Capital closes its Winners Fund II (KWF II) by raising $50 Mn-thumnail

Early-stage VC firm Kae Capital closes its Winners Fund II (KWF II) by raising $50 Mn

By Ayush Singh

Kae Capital, an e­arly-stage venture capital firm, has successfully closed its Winners Fund II (KWF II) with a total of $50 million (INR 410 crore) in funding.

Investment & Funding

September 14, 2023

Bank of India to float bonds on September 13 to raise up to Rs 2,000 crore-thumnail

Bank of India to float bonds on September 13 to raise up to Rs 2,000 crore

By Ayush Singh

The Bank of India is preparing to issue Basel-III Tier-II bonds on September 13th in an effort to raise Rs 2,000 crore. These bonds have a tenure of 10 years and include a call option after 5 years.

Finance

September 13, 2023

Elon Musk: Starlink to soon receive approval from telecom ministry to offer services in India.-thumnail

Elon Musk: Starlink to soon receive approval from telecom ministry to offer services in India.

By Ayush Singh

Elon Musk’s satellite project, Starlink is, on the verge of receiving approval from the telecom ministry in India. Following security concerns a significant meeting is scheduled to take place where they may grant Starlink a license

Business

September 12, 2023

Funding: VC firm Vertex Ventures Southeast Asia and India raises $541 million in its fifth fund-thumnail

Funding: VC firm Vertex Ventures Southeast Asia and India raises $541 million in its fifth fund

By Ayush Singh

Vertex Ventures Southeast Asia and India has achieved a fundraising round securing $541 million for its fund.

Investment & Funding

September 12, 2023

Fintech Unicorn Razorpay has acquired digital invoicing startup BillMe-thumnail

Fintech Unicorn Razorpay has acquired digital invoicing startup BillMe

By Ayush Singh

Razorpay, a known fintech company valued at, over a billion dollars has recently acquired BillMe, a startup based in Mumbai. BillMe specializes in invoicing and customer engagement.

Business

September 12, 2023

Bain Capital sells a stake worth $102 million in L&T Finance in a block deal-thumnail

Bain Capital sells a stake worth $102 million in L&T Finance in a block deal

By Ayush Singh

Bain Capital, trading under the name BC Invsts intends to sell its ownership stake, in L&T Finance Holdings through block deals.

Business

September 12, 2023

Coinbase discontinuing ‘all services’ for its users in India from September 25-thumnail

Coinbase discontinuing ‘all services’ for its users in India from September 25

By Ayush Singh

Coinbase, a cryptocurrency exchange has announced that it will halt its services, for users based in India on September 25th. This decision is due to non-compliance with the standards set by authorities.

Business

September 11, 2023

Fintech startup Perfios to raise from Kedaara Capital investment of $229 Mn-thumnail

Fintech startup Perfios to raise from Kedaara Capital investment of $229 Mn

By Ayush Singh

Fintech startup Perfios, based in Bengaluru has recently secured an investment of $229 million, in its Series D funding round.

Business

September 11, 2023

RBI likely to launch CBDC for transactions in the call money market by October-thumnail

RBI likely to launch CBDC for transactions in the call money market by October

By Ayush Singh

The Reserve Bank of India (RBI) is gearing up to launch a Central Bank Digital Currency (CBDC) pilot program for interbank transactions in the call money market by October.

Business

September 11, 2023

Blue-collar staffing platform Smartstaff receives strategic investment from Persol-thumnail

Blue-collar staffing platform Smartstaff receives strategic investment from Persol

By Ayush Singh

Persol, a leading APAC HR services provider, has strategically invested in Smartstaff, a blue-collar staffing platform, aligning with their focus on the Indian market. Smartstaff offers comprehensive staffing, recruitment, and

Business

September 11, 2023

Cafe Coffee Day shares tank 15% over Rs. 228.45 crore default-thumnail

Cafe Coffee Day shares tank 15% over Rs. 228.45 crore default

By Ayush Singh

Cafe Coffee Day Enterprises experienced a decline of 15%, in its stock price on September 11th as a result of a default application made by Trusteeship Services. In response, Coffee Day sought advice.

Business

September 11, 2023

Pakistan unveils new visa policy designed to Lure International business-thumnail

Pakistan unveils new visa policy designed to Lure International business

By Ayush Singh

Pakistan has introduced a thinking visa policy, with the goal of revitalizing its economy by attracting businesses.

News

September 11, 2023

Yatra Online’s IPO to open for public participation on September 15-thumnail

Yatra Online’s IPO to open for public participation on September 15

By Ayush Singh

 Yatra Online Limited, based in Gurugram is preparing to release its offering (IPO) on September 15th. The IPO comprises an issue size of Rs 602 crore and an offer, for

Business

September 11, 2023

TPG, Tepco, and Brookfield are in a race to acquire a minority stake in JSW Neo Energy.-thumnail

TPG, Tepco, and Brookfield are in a race to acquire a minority stake in JSW Neo Energy.

By Ayush Singh

TPG, Tepco, and Brookfield equity investors are currently engaged in advanced discussions to acquire a minority stake, in JSW Neo Energy. The purpose of this investment is to secure funding

News

September 11, 2023

VC firm First Cheque takes partial exit from D2C brand GIVA Jewellery.-thumnail

VC firm First Cheque takes partial exit from D2C brand GIVA Jewellery.

By Ayush Singh

First Cheque, a venture capital firm based in Bengaluru exits from D2C brand GIVA With an outstanding 75x return on investment (ROI) and an impressive 194% internal rate of return

News

September 11, 2023

Samhi Hotels Ltd sets price band at Rs 119-126, IPO opens on September 14.-thumnail

Samhi Hotels Ltd sets price band at Rs 119-126, IPO opens on September 14.

By Ayush Singh

Samhi Hotels Ltd, backed by Equity International, ACIC Mauritius, and Goldman Sachs announced the pricing range, for its offering (IPO) at Rs 119 126 per share. The IPO is scheduled

News

September 11, 2023

US-India: Legislation introduced in the US House to remove high-tech export barriers to India-thumnail

US-India: Legislation introduced in the US House to remove high-tech export barriers to India

By Ayush Singh

During President Joe Biden’s visit to New Delhi, two prominent US lawmakers, Congressman Gregory Meeks, and Congressman Andy Barr put forth the “Technology Exports, to India Act.” The objective of this bill is to eliminate obstacles in the export of technology thereby encouraging the flow of sensitive technologies to India and enhancing technology collaboration, between the two nations.

News

September 9, 2023

iPhone 15: Apple to unveil new iPhone, AirPods, and smartwatches on 12th September. Read More-thumnail

iPhone 15: Apple to unveil new iPhone, AirPods, and smartwatches on 12th September. Read More

By Ayush Singh

Apple is gearing up for their anticipated event called “Wonderlust” where they will be unveiling the iPhone 15 along, with exciting updates to their Apple Watch and AirPods.

Business

September 9, 2023

G20 Summit: Joe Biden and the leaders of India, Saudi Arabia, and the UAE are likely to announce a joint infrastructure deal at the G20 summit-thumnail

G20 Summit: Joe Biden and the leaders of India, Saudi Arabia, and the UAE are likely to announce a joint infrastructure deal at the G20 summit

By Ayush Singh

At the G20 summit, President Joe Biden and leaders from India, Saudi Arabia, and the UAE are set to unveil a strategic infrastructure plan to connect Gulf and Arab nations, bolstering regional ties and countering China’s influence.

News

September 8, 2023

Vedanta Group and Foxconn submitted separate proposals to set up semiconductor manufacturing units in India-thumnail

Vedanta Group and Foxconn submitted separate proposals to set up semiconductor manufacturing units in India

By Ayush Singh

The Vedanta Group and Foxconn both known companies have independently applied to the Indian government to set up semiconductor manufacturing facilities in India.

Business

September 8, 2023

GDP: India needs to grow at 8-9% for 20 years to become a developed by 2047: Deloitte -thumnail

GDP: India needs to grow at 8-9% for 20 years to become a developed by 2047: Deloitte 

By Ayush Singh

India must achieve a growth rate of 8-9 percent over the two decades to become a developed nation by 2047 according to Romal Shetty, CEO of Deloitte South Asia.

Economy

September 8, 2023

Appointed: RBI approves Dipak Gupta as interim MD and CEO of Kotak Mahindra Bank-thumnail

Appointed: RBI approves Dipak Gupta as interim MD and CEO of Kotak Mahindra Bank

By Ayush Singh

The Reserve Bank of India has given its approval, for Dipak Gupta to serve as the acting Managing Director and CEO of Kotak Mahindra Bank for a duration of two months.

Business

September 8, 2023

IPO: The initial public offering of RR Kabel to pen for subscription on September 13-thumnail

IPO: The initial public offering of RR Kabel to pen for subscription on September 13

By Ayush Singh

RR Kabel, which is backed by TPG is preparing for its stock market debut through an offering (IPO) that will be priced at a range of Rs 983, to Rs 1,035 per share.

Business

September 8, 2023

Funding-: Nazara Tech raises 410 crore from SBI Funds after Nikhil Kamath-thumnail

Funding-: Nazara Tech raises 410 crore from SBI Funds after Nikhil Kamath

By Ayush Singh

Nazara Tech raised Rs 410 crore from SBI Fund. This investment is aimed at capitalizing on the growing gaming industry in India, which is expected to reach a value of $5 billion by 2025.

Business

September 7, 2023

Indian Football: Reliance Retail’s Performax activewear becomes the official Kit Sponsor for Indian Football Team-thumnail

Indian Football: Reliance Retail’s Performax activewear becomes the official Kit Sponsor for Indian Football Team

By Ayush Singh

Reliance Retails Performax activewear has been chosen as the kit sponsor, for the football team and they will unveil their latest kit at the upcoming 49th Kings Cup 2023 in Thailand.

Business

September 7, 2023

Ola Funding: Ola Electric raises $140 million in fresh funding from existing investors-thumnail

Ola Funding: Ola Electric raises $140 million in fresh funding from existing investors

By Ayush Singh

Ola Electric recently raised $140 million, in funding from its investors such as Temasek Holdings. This investment has valued the company at around $5.4 to 5.5 billion.

Investment & Funding

September 7, 2023

Voiced enabled UPI: NPCI launches New UPI features at Global Fintech Festival-thumnail

Voiced enabled UPI: NPCI launches New UPI features at Global Fintech Festival

By Ayush Singh

The National Payments Corporation of India (NPCI) has recently unveiled a variety of payment choices, on the UPI platform.

Business

September 7, 2023

Gaming: Google planning to continue permitting real-money games on its Play Store-thumnail

Gaming: Google planning to continue permitting real-money games on its Play Store

By Ayush Singh

Google intends to permit the inclusion of real money games, on its Play Store subject to receiving approval from self-organization, in India.

Business

September 6, 2023

Investment: Tabreed to set up Asia’s largest district cooling project in Hyderabad with investments of $200 million-thumnail

Investment: Tabreed to set up Asia’s largest district cooling project in Hyderabad with investments of $200 million

By Ayush Singh

Tabreed in collaboration, with the Telangana government, has unveiled a cooling infrastructure project for Hyderabad Pharma City.

Business

September 6, 2023

Bootstrapped: Zoho becomes the first self-funded SaaS company to surpass 100 Mn users-thumnail

Bootstrapped: Zoho becomes the first self-funded SaaS company to surpass 100 Mn users

By Ayush Singh

Zoho has achieved something by becoming a highly successful SaaS company without relying on external funding.

Business

September 6, 2023

State Bank of India (SBI) unveils UPI interoperability in its Digital Rupee-thumnail

State Bank of India (SBI) unveils UPI interoperability in its Digital Rupee

By Ayush Singh

The State Bank of India (SBI) has introduced UPI interoperability for its Digital Rupee (e rupee), or Central Bank Digital Currency (CBDC), via the ‘e rupee by SBI’ app.

Digital Transformation

September 4, 2023

Real estate developer Anant Raj Limited to develop 300 MW data center with ₹10,000 crore investment-thumnail

Real estate developer Anant Raj Limited to develop 300 MW data center with ₹10,000 crore investment

By Ayush Singh

Delhi-based real estate developer Anant Raj Limited is making waves in the data center industry with plans to invest ₹10,000 crore in developing 300 MW data center facilities.

Business

September 4, 2023

Apple is all set to start manufacturing iPhone 15 models in Chennai around the launch date-thumnail

Apple is all set to start manufacturing iPhone 15 models in Chennai around the launch date

By Ayush Singh

Apple plans to launch the iPhone 15 on September 12. India will play a crucial part in their production strategy.

Business

September 4, 2023

Telco Reliance Jio raising $2 billion in Offshore loans with BNP Paribas as arranger-thumnail

Telco Reliance Jio raising $2 billion in Offshore loans with BNP Paribas as arranger

By Ayush Singh

India’s leading telecom provider, Reliance Jio has recently obtained loans amounting to $2 billion from BNP Paribas.

Business

September 4, 2023

Nazara Technologies raises 100 crore from Zerodha’s founders Nikhil and Nithin Kamath-thumnail

Nazara Technologies raises 100 crore from Zerodha’s founders Nikhil and Nithin Kamath

By Ayush Singh

Nazara Technologies has received the go-ahead to offer shares valued at Rs 100 crore, to the founders of Zerodha, Nikhil, and Nithin Kamath.

Business

September 4, 2023

Corning Inc. to set up a Gorilla glass manufacturing facility in Telangana with an investment of Rs. 934 crores-thumnail

Corning Inc. to set up a Gorilla glass manufacturing facility in Telangana with an investment of Rs. 934 crores

By Ayush Singh

Corning Inc. Has announced its intention to invest Rs. 934 crores, in Telangana, India with the aim of establishing a cutting-edge manufacturing facility for Gorilla glass.

Business

September 2, 2023

Founder Arrested: Ed arrests Jet Airways founder Naresh Goyal in a money-laundering case of 538 crores-thumnail

Founder Arrested: Ed arrests Jet Airways founder Naresh Goyal in a money-laundering case of 538 crores

By Ayush Singh

Naresh Goyal, the founder of Jet Airways has been taken into custody by the Enforcement Directorate (ED) in connection, with a money laundering case involving a bank fraud of Rs 538 crore, at Canara Bank.

News

September 2, 2023

India to the Sun: ISRO is all set to launch the Aditya-L1 solar mission at 11:50 a.m. today-thumnail

India to the Sun: ISRO is all set to launch the Aditya-L1 solar mission at 11:50 a.m. today

By Ayush Singh

“ISRO’s Aditya-L1 solar mission, India’s inaugural foray into solar exploration, launches today from Sriharikota, Andhra Pradesh.

News

September 2, 2023

Prestige Group plans to develop Hyderabad’s largest mixed-use township with Rs 5,000 crore investment-thumnail

Prestige Group plans to develop Hyderabad’s largest mixed-use township with Rs 5,000 crore investment

By Ayush Singh

Prestige Group, a real estate developer based in Bengaluru has plans to transform the skyline of Hyderabad with their project called Prestige City Hyderabad.

Business

September 1, 2023

Toyota reports its best-ever monthly sales at 22,910 units in August-thumnail

Toyota reports its best-ever monthly sales at 22,910 units in August

By Ayush Singh

Toyota Kirloskar Motor (TKM) had the best sales performance in August 2023 selling a total of 22,910 units which represents an increase of 53% compared to the previous year.

Automotive

September 1, 2023

Ola Cab: Ola founder Bhavish Aggarwal to vacate post and appoint a CEO for Ola Cab-thumnail

Ola Cab: Ola founder Bhavish Aggarwal to vacate post and appoint a CEO for Ola Cab

By Ayush Singh

Bhavish Aggarwal, the founder of Ola is supposedly contemplating the appointment of a CEO, for Ola Cabs.

Business

September 1, 2023

India’s GDP GDP:- Nomura and Deutsche Bank raise India’s FY24 growth forecast by 40 and 20 BP-thumnail

India’s GDP GDP:- Nomura and Deutsche Bank raise India’s FY24 growth forecast by 40 and 20 BP

By Ayush Singh

India’s GDP growth, in the First quarter of 2023-24 which stood at 7.8% has led Nomura and Deutsche Bank to revise their forecasts.

News

September 1, 2023

Business Deal: Torrent Pharma submits a non-binding bid for a stake in Cipla says Sources-thumnail

Business Deal: Torrent Pharma submits a non-binding bid for a stake in Cipla says Sources

By Ayush Singh

Torrent Pharma, based in Ahmedabad is currently considering acquiring a stake, in Cipla, a company. Should this acquisition be successful it has the potential to position Torrent Pharma as India’s pharmaceutical company.

Business

September 1, 2023

Nikhil Kamath Invests: Zerodha Co-founder Nikhil Kamathplanning on increasing his stake in Nazara Technologies-thumnail

Nikhil Kamath Invests: Zerodha Co-founder Nikhil Kamathplanning on increasing his stake in Nazara Technologies

By Ayush Singh

Nikhil Kamath, the founder of Zerodha has set a goal to increase his ownership, in Nazara Technologies, a platform that focuses on gaming and sports media.

Business

September 1, 2023

Aditya L1: ISRO completes Aditya-L1 mission to study the Sun launch rehearsal-thumnail

Aditya L1: ISRO completes Aditya-L1 mission to study the Sun launch rehearsal

By Ayush Singh

ISRO’s Aditya L1 mission indicates that the launch rehearsal and internal rocket checks have been successfully conducted.

News

August 30, 2023

$1 Billion: B2B sales intelligence platform Apollo.io turns unicorn after raising $100 million in Series D-thumnail

$1 Billion: B2B sales intelligence platform Apollo.io turns unicorn after raising $100 million in Series D

By Ayush Singh

Apollo.io, a sales intelligence platform, for B2B businesses, has recently reached unicorn status after securing $100 million in Series D funding.

Business

August 30, 2023

Resignation: WhiteHat Jr. CEO Ananya Tripathi resigns marking another senior-level exit at Byjus-thumnail

Resignation: WhiteHat Jr. CEO Ananya Tripathi resigns marking another senior-level exit at Byjus

By Ayush Singh

Ananya Tripathi, who served as the CEO of WhiteHat Jr., a subsidiary of Byjus has reportedly chosen to resign while, on maternity leave.

Business

August 30, 2023

Maruti Suzuki looking at investing Rs 45,000 crore to double production capacity to four million units per annum-thumnail

Maruti Suzuki looking at investing Rs 45,000 crore to double production capacity to four million units per annum

By Ayush Singh

Maruti Suzuki, one of India’s car manufacturers has announced its intention to invest Rs 45,000 crore in expanding its production capacity.

Business

August 30, 2023

Zomato opens over 5 percent higher as 10 crore shares exchange hands worth 947 crore-thumnail

Zomato opens over 5 percent higher as 10 crore shares exchange hands worth 947 crore

By Ayush Singh

Zomatos stock prices rose by 5% on August 30th after a transaction involving a 1.17% ownership stake worth Rs 947 crore.

Business

August 30, 2023

Inox India Ltd files draft papers with SEBI to raise funds through a public issue-thumnail

Inox India Ltd files draft papers with SEBI to raise funds through a public issue

By Ayush Singh

In India Inox India Ltd, a known manufacturer of tanks has recently submitted initial paperwork for an IPO. The proposed offering will involve the sale of 22.11 million shares, by existing shareholders and promoters including Siddharth Jain and Pavan Kumar Jain.

Business

August 30, 2023

Managed workspace operator Table Space set to invest Rs. 1,000 crores to expand operations-thumnail

Managed workspace operator Table Space set to invest Rs. 1,000 crores to expand operations

By Ayush Singh

Table Space Technologies plans to invest Rs 1,000 crore in the year 2023 24 to expand their operations by 4.5 million square feet. This comes after an expansion of 3.2 million feet, in the previous year which cost them Rs 800 crore.

Business

August 30, 2023

Jio AirFiber will be launched on the occasion of Ganesh Chaturthi, i.e., September 19, 2023-thumnail

Jio AirFiber will be launched on the occasion of Ganesh Chaturthi, i.e., September 19, 2023

By Ayush Singh

Jio AirFiber, set to launch on September 19, 2023, coinciding with Ganesh Chaturthi, marks a milestone for Indian telecom leader Jio. With its innovative technology utilizing the 5G spectrum, Jio aims to connect 100 million households with high-speed wireless internet comparable to fiber optic services.

Business

August 28, 2023

Jio Telecom to roll out one million 5G cells by December 2023 said Chairman at Reliance AGM 2023-thumnail

Jio Telecom to roll out one million 5G cells by December 2023 said Chairman at Reliance AGM 2023

By Ayush Singh

Chairman Mukesh Ambani shared their goals. He mentioned that their telecom division, Jio has set a target to install one million 5G cells, across India by December 2023. Ambani highlighted their dedication to progress.

Business

August 28, 2023

SoftBank has made $5.5 Bn in exits from its India portfolio since it began operations in November 2018-thumnail

SoftBank has made $5.5 Bn in exits from its India portfolio since it began operations in November 2018

By Ayush Singh

SoftBank, a conglomerate has seen returns, on its investments in India surpassing $5.5 billion since it entered the Mumbai market in 2018.

News

August 28, 2023

Go First has further extended flight cancellations till August 31-thumnail

Go First has further extended flight cancellations till August 31

By Ayush Singh

Firstly Go First the budget airline has announced that they will be extending flight cancellations until August 31 for reasons.

News

August 28, 2023

Terry Gou founder of Foxconn enters Taiwan’s presidential race in the 2024 elections-thumnail

Terry Gou founder of Foxconn enters Taiwan’s presidential race in the 2024 elections

By Ayush Singh

Billionaire entrepreneur Terry Gou, founder of Apple supplier Foxconn, has announced his independent bid for Taiwan’s presidency in the 2024 elections.

News

August 28, 2023

‘National Space Day’ to be observed on August 23 in honor of the Chandrayaan-3 mission-thumnail

‘National Space Day’ to be observed on August 23 in honor of the Chandrayaan-3 mission

By Ayush Singh

Prime Minister Narendra Modi designated August 23 as ‘National Space Day’ to celebrate Chandrayaan-3’s success.

News

August 26, 2023

Reliance Capital offloads 45% stake in listed subsidiary Reliance Home Finance for Rs 54 crore.-thumnail

Reliance Capital offloads 45% stake in listed subsidiary Reliance Home Finance for Rs 54 crore.

By Ayush Singh

Reliance Capital has made a move by selling 45% of its subsidiary, Reliance Home Finance for Rs 54 crore. This sale will help the company in its efforts to recover

Finance

August 26, 2023

Pet food major Mars Inc plans to invest ₹800 crore in Telangana; taking total investment to 1500 crore-thumnail

Pet food major Mars Inc plans to invest ₹800 crore in Telangana; taking total investment to 1500 crore

By Ayush Singh

Mars Inc., a known player, in the pet food industry, has announced its intention to invest an additional ₹800 crore in Telangana bringing its total commitment to ₹1,500 crore. This

Investment & Funding

August 26, 2023

India to consider Tax cut if EV makers agree to manufacture in India-thumnail

India to consider Tax cut if EV makers agree to manufacture in India

By Ayush Singh

India is currently in the process of formulating a fresh EV or electric vehicle policy, with a specific focus on reducing import taxes for automakers willing to engage in local manufacturing.

Automotive

August 25, 2023

Japanese tech giant SoftBank is likely to offload Zomato shares as lock-in Period ends-thumnail

Japanese tech giant SoftBank is likely to offload Zomato shares as lock-in Period ends

By Ayush Singh

SoftBank, the technology company is preparing to divest its shares in Zomato as the lock-in period following the Blinkit deal comes to an end.

Business

August 25, 2023

Key leadership changes at PayU ahead of IPO, Anirban Mukherjee likely to be PayU Global CEO-thumnail

Key leadership changes at PayU ahead of IPO, Anirban Mukherjee likely to be PayU Global CEO

By Ayush Singh

PayU, the fintech company backed by Prosus is going through some changes, in its leadership team after selling its global payments division to Rapyd. It is expected that CEO Laurent Le Moal, CFO Aakash Moondhra, and other executives will be leaving.

Business

August 25, 2023

Reliance Industries likely to sell another 8-10% stake in Reliance Retail Ventures-thumnail

Reliance Industries likely to sell another 8-10% stake in Reliance Retail Ventures

By Ayush Singh

Reliance Industries, a conglomerate is considering selling a 8 10% stake, in Reliance Retail Ventures. The purpose of this move is to fund expansion plans reduce debt and prepare for a listing.

Business

August 25, 2023

Mastercard and crypto exchange Binance ends their crypto card partnerships-thumnail

Mastercard and crypto exchange Binance ends their crypto card partnerships

By Ayush Singh

Mastercard and Binance have announced that they will suspend their cryptocurrency card services, in Argentina, Brazil, Colombia, and Bahrain starting from September 22nd.

Business

August 25, 2023

Reliance Infrastructure and Reliance Power raises ₹1,043 crores from Reliance Commercial Finance -thumnail

Reliance Infrastructure and Reliance Power raises ₹1,043 crores from Reliance Commercial Finance 

By Ayush Singh

Reliance Infrastructure and Reliance Power, which are companies, under the Anil Ambani group plan to raise ₹1,043 crore through shares from Reliance Commercial Finance.

Business

August 25, 2023

IIT Bombay receives 160 crore from anonymous donor for Green Energy Research Hub-thumnail

IIT Bombay receives 160 crore from anonymous donor for Green Energy Research Hub

By Ayush Singh

IIT Bombay has recently received a donation of Rs 160 crore, from a donor. This significant contribution will be utilized to establish a Research Hub focused on Green Energy and Sustainability.

Business

August 25, 2023

Real money gaming startup Fantok suspends operations following 28% GST on gaming-thumnail

Real money gaming startup Fantok suspends operations following 28% GST on gaming

By Ayush Singh

Fantok, a real money gaming startup, has temporarily ceased operations due to India’s new 28% GST on gaming startups.

Business

August 24, 2023

Coforge Limited introduces the Coforge Quasar platform designed to facilitate the development of enterprise AI-thumnail

Coforge Limited introduces the Coforge Quasar platform designed to facilitate the development of enterprise AI

By Ayush Singh

Coforge Limited recently introduced Coforge Quasar, a platform powered by artificial intelligence. This transformative platform offers a range of features including, over 100 APIs, a modular architecture, and then 100 pre-built cognitive use cases.

Artificial Intelligence

August 24, 2023

Naver, the South Korean internet conglomerate introduced n generative AI tool-thumnail

Naver, the South Korean internet conglomerate introduced n generative AI tool

By Ayush Singh

Korean internet company Naver has ventured into the world of intelligence with its new tool called HyperCLOVA X. This AI tool focuses on providing search results and tailored services for businesses.

AI

August 24, 2023

Education-focused lending startup GradRight secures INR 50 crore in funding-thumnail

Education-focused lending startup GradRight secures INR 50 crore in funding

By Ayush Singh

GradRight, a company based in Mumbai has successfully raised INR 50 Cr, in Series A funding from IvyCap Ventures.

Investment & Funding

August 24, 2023

Arkade Group to file for IPO launch by December-thumnail

Arkade Group to file for IPO launch by December

By Ayush Singh

The Arkade Group, based in Mumbai is gearing up for a change. They intend to submit a draft herring prospectus (DRHP) to SEBI by August 31 and then proceed with a public offering (IPO) in December 2023.

News

August 24, 2023

Former US President Donald Trump to surrender today in Georgia Jail-thumnail

Former US President Donald Trump to surrender today in Georgia Jail

By Ayush Singh

Former President Donald Trump is, on the verge of turning himself in at a Georgia jail as he prepares to face racketeering charges.

News

August 24, 2023

Pragyan rover has successfully exited the Vikram lander confirms ISRO-thumnail

Pragyan rover has successfully exited the Vikram lander confirms ISRO

By Ayush Singh

India successfully achieved the landing of Chandrayaan 3 at the pole of the moon deploying the Pragyan rover on its surface. President Droupadi Murmu commended ISRO’s accomplishment.

News

August 24, 2023

The initial public offer of Vishnu Prakash R Punglia opens for subscription today-thumnail

The initial public offer of Vishnu Prakash R Punglia opens for subscription today

By Ayush Singh

Vishnu Prakash R Punglia, a company, in the field of Engineering, Procurement and Construction (EPC) that specializes in water supply projects has recently introduced its Initial Public Offering (IPO).

Business

August 24, 2023

A KKR and Vedanta JV has tied up ₹2,600 crore in loans to finance new green power projects-thumnail

A KKR and Vedanta JV has tied up ₹2,600 crore in loans to finance new green power projects

By Ayush Singh

Serentica Renewables, a venture, between KKR and Vedanta has successfully obtained loans worth ₹2,600 crores for energy projects that aim to meet the demand, for captive energy.

Business

August 24, 2023

MasterCard has signed up as ICC’s top-tier sponsor for the 2023 World Cup in India-thumnail

MasterCard has signed up as ICC’s top-tier sponsor for the 2023 World Cup in India

By Ayush Singh

Mastercard, a leading provider of payment solutions has partnered with the International Cricket Council (ICC) as a premier sponsor, for the upcoming 2023 World Cup to be held in India.

Business

August 24, 2023

Boxs, a B2B interior design startup successfully raises $1.6 million in funding from Peak XV-thumnail

Boxs, a B2B interior design startup successfully raises $1.6 million in funding from Peak XV

By Ayush Singh

Boxs, a startup that is transforming the field of design for businesses has successfully raised $1.6 million, in funding. The investment was led by Peak XVs Surge with participation from Titan Capital and the founders of Zetwerk.

Investment & Funding

August 22, 2023

Ride-hailing app Namma Yatri to start charging a subscription fee from September 1-thumnail

Ride-hailing app Namma Yatri to start charging a subscription fee from September 1

By Ayush Singh

Namma Yatri, the ride-hailing app supported by the Autorickshaw Drivers Union (ARDU) in Bengaluru will soon be introducing subscription fees for drivers.

Business

August 22, 2023

Life Insurance Corporation (LIC) acquires a 6.66 percent stake in Jio Financial Services-thumnail

Life Insurance Corporation (LIC) acquires a 6.66 percent stake in Jio Financial Services

By Ayush Singh

Life Insurance Corporation (LIC) has recently purchased 6.66% of Jio Financial Services, which’s the banking financial division of Reliance Group led by Mukesh Ambani.

Business

August 22, 2023

Reliance Jio may launch its fixed wireless access (FWA) device Jio AirFiber at a 20% discount-thumnail

Reliance Jio may launch its fixed wireless access (FWA) device Jio AirFiber at a 20% discount

By Ayush Singh

Reliance Jio, one of India’s telecommunications providers is preparing to unveil a device called Jio AirFiber that is specifically designed for consumers. Anticipated to be launched during the season this device may provide customers with a discount of, up to 20% when compared to alternatives.

Business

August 22, 2023

SaaS startup Wootz.work raises $3.5 Mn in a seed round-thumnail

SaaS startup Wootz.work raises $3.5 Mn in a seed round

By Ayush Singh

Wootz.work, a startup that offers Software as a Service (SaaS) has successfully raised $3.5 million, in seed funding.

Investment & Funding

August 22, 2023

German car manufacturer Porsche planning to begin assembly of the Cayenne SUV in India-thumnail

German car manufacturer Porsche planning to begin assembly of the Cayenne SUV in India

By Ayush Singh

Porsche, the luxury car manufacturer, from Germany, is apparently exploring the possibility of manufacturing its SUV, Cayenne in India.

Automotive

August 22, 2023

Bodhi Tree Systems buys an additional 2.89% stake in Viacom18 for Rs 953.23 crore-thumnail

Bodhi Tree Systems buys an additional 2.89% stake in Viacom18 for Rs 953.23 crore

By Ayush Singh

Bodhi Tree Systems under the leadership of Uday Shankar and James Murdoch has recently purchased a 2.89% stake, in Viacom18 for an investment of Rs 953.23 crore.

Business

August 22, 2023

Atlassian, Sydney-headquartered software company, plans to set up data centers in India-thumnail

Atlassian, Sydney-headquartered software company, plans to set up data centers in India

By Ayush Singh

Atlassian the software company headquartered in Sydney plans to make investments, in data centers located in India. This decision is driven by the country’s flourishing economy and the availability of professionals.

Business

August 21, 2023

Delhivery launches Delhivery One, a digital shipping platform to cater to micro-enterprises-thumnail

Delhivery launches Delhivery One, a digital shipping platform to cater to micro-enterprises

By Ayush Singh

Delhivery, a company headquartered in Gurugram has introduced Delhivery One, a shipping platform designed to cater to micro-enterprises, SMEs, and large D2C e-commerce brands throughout India.

E-Commerce

August 21, 2023

HonorTech will relaunch the Honor brand in India with an initial investment of Rs 1,000 crore-thumnail

HonorTech will relaunch the Honor brand in India with an initial investment of Rs 1,000 crore

By Ayush Singh

HonorTech, a company to make a comeback, in India’s smartphone industry has announced a significant initial investment of Rs 1,000 crore.

Business

August 21, 2023

Jio Financial Services debuted on the stock exchanges in August at Rs 265-thumnail

Jio Financial Services debuted on the stock exchanges in August at Rs 265

By Ayush Singh

Jio Financial Services made its entry, into the stock market on August 21st starting at a price of Rs 265, which was quite close to its discovered price of Rs 261.85. Alongside its activities in NBFC and credit markets, the company has plans to venture into insurance, digital payments, and asset management.

Business

August 21, 2023

3 Indian family offices secure a stake in FirstCry for about INR 435 Cr-thumnail

3 Indian family offices secure a stake in FirstCry for about INR 435 Cr

By Ayush Singh

Indian family offices have invested INR 435 crore, in the renowned e-commerce giant FirstCry, which focuses on children’s products. This investment allowed them to acquire SoftBank’s stake in the company.

Investment & Funding

August 21, 2023

Veda VC, an early-stage venture capital fund, announces the first close of its Rs. 250 crore corpus-thumnail

Veda VC, an early-stage venture capital fund, announces the first close of its Rs. 250 crore corpus

By Ayush Singh

Veda VC, a venture capital fund, at a stage, has successfully raised a funding round of Rs 250 crore. The funding was led by family offices and leaders in the startup industry.

Business

August 21, 2023

Tata Sons planning a £4 billion battery plant in the UK for Jaguar and Land Rover-thumnail

Tata Sons planning a £4 billion battery plant in the UK for Jaguar and Land Rover

By Ayush Singh

Tata Sons are taking the initiative to build an EV battery factory, in the United Kingdom. With an investment of £4 billion, they are demonstrating their dedication to transportation and keeping up with the changing trends in the global automotive industry.

Automotive

August 21, 2023

Jio Financial Services demerged from Reliance Industries set to be listed on August 21.-thumnail

Jio Financial Services demerged from Reliance Industries set to be listed on August 21.

By Ayush Singh

Jio Financial Services shares will start trading on August 21st after separating from Reliance Industries. The synergy, between JFS and Reliances telecom and retail sectors gives JFS an advantage. The

Finance

August 18, 2023

Myntra and Cultfit founder Mukesh Bansal in talks with investors to raise $50 mn for GenZ fashion-focused venture-thumnail

Myntra and Cultfit founder Mukesh Bansal in talks with investors to raise $50 mn for GenZ fashion-focused venture

By Ayush Singh

Mukesh Bansal, known for his role, in creating Myntra and Cultfit is ready to bring a wave of change to the world of high-end fashion for the younger generation. Working

News

August 18, 2023

Germany-based Audi introduces Audi Q8 e-tron in India after its global debut.-thumnail

Germany-based Audi introduces Audi Q8 e-tron in India after its global debut.

By Ayush Singh

Audi, the luxury car manufacturer has recently introduced its newest creation, the Audi Q8 e-tron, in India. This remarkable unveiling comes shortly after its introduction a few months back. The

Business

August 18, 2023

Telangana-based spices & flour manufacturer Srivari Spices and Foods lists with 147% premium.-thumnail

Telangana-based spices & flour manufacturer Srivari Spices and Foods lists with 147% premium.

By Ayush Singh

Srivari Spices and Foods based in Telangana had an entry, into the stock market despite a market correction. This was driven by demand for its public offering (IPO) and strong

Manufacturing

August 18, 2023

Concord Biotech lists at a premium of 21% on the exchanges.-thumnail

Concord Biotech lists at a premium of 21% on the exchanges.

By Ayush Singh

Concord Biotechs’ entry, into the stock market has impressed investors by commanding a 21% premium over the offering (IPO) price. This indicates an interest from investors. The biotech company, supported

News

August 18, 2023

China’s property giant Evergrande Group files for bankruptcy protection in a U.S. court.-thumnail

China’s property giant Evergrande Group files for bankruptcy protection in a U.S. court.

By Ayush Singh

Amidst the turmoil, in China’s property sector, Evergrande Group, which is facing debt has sought Chapter 15 bankruptcy protection in the United States. This move is about restructuring efforts. The

News

August 18, 2023

HDFC announces launch of its life insurance and asset management services at GIFT City.-thumnail

HDFC announces launch of its life insurance and asset management services at GIFT City.

By Ayush Singh

HDFC Group is broadening its scope by introducing life insurance and asset management services at the Gujarat International Financial Services Centre (IFSC). This expansion includes HDFC International Life. Re well,

Finance

August 17, 2023

Flipkart launches an in-app fashion platform for Gen Z called Spoyl-thumnail

Flipkart launches an in-app fashion platform for Gen Z called Spoyl

By Ayush Singh

Flipkart, the leading e-commerce company has recently introduced Spoyl, a fashion hub, within their app that specifically caters to the needs and preferences of Generation Z. With a range of

News

August 17, 2023

Dr. Agarwal’s Health Care raises $80 million from Temasek and U.S.-based TPG.-thumnail

Dr. Agarwal’s Health Care raises $80 million from Temasek and U.S.-based TPG.

By Ayush Singh

Adil Agarwal, the CEO, with a vision at the helm of Dr. Agarwals Health Care, is leading efforts to achieve growth. The goal is to increase their number of hospitals

Healthcare

August 17, 2023

Bata India in talks with Adidas for a strategic partnership for the Indian market.-thumnail

Bata India in talks with Adidas for a strategic partnership for the Indian market.

By Ayush Singh

Bata India is currently engaged in discussions, with Adidas, a footwear leader to form a strategic partnership specifically designed for the Indian market. In a market that poses challenges, Batas

News

August 17, 2023

Shoora Designs Limited IPO live for public subscription-thumnail

Shoora Designs Limited IPO live for public subscription

By Ayush Singh

 Shoora Designs Limited, a player, in the diamond and jewelry manufacturing industry has recently launched its Initial Public Offering (IPO) from August 17th to 21st. The shares are priced at

News

August 17, 2023

Shiprocket collaborated with Skye Air to deliver shipments via drones.-thumnail

Shiprocket collaborated with Skye Air to deliver shipments via drones.

By Ayush Singh

Shiprocket, a notch e commerce platform has partnered with Skye Air, a provider of drone delivery solutions. This partnership aims to enhance order fulfillment in areas by leveraging Skye Airs

Business

August 17, 2023

JPMorgan Chase to include India’s sovereign bonds on its indexes next year.-thumnail

JPMorgan Chase to include India’s sovereign bonds on its indexes next year.

By Ayush Singh

JPMorgan plans to include India’s bonds in its indexes following the resolution of obstacles. Sabrina Jacobs, from Pictet Asset Management, shared that India is highly interested in this inclusion and

News

August 17, 2023

JioCinema clocked 3,000 Cr minutes of watch time of Bigg Boss OTT Season 2.-thumnail

JioCinema clocked 3,000 Cr minutes of watch time of Bigg Boss OTT Season 2.

By Ayush Singh

JioCinema, which is supported by Reliance achieved success with, over 10 crore viewers and more than 3,000 crore watch minutes during the second season of Bigg Boss OTT. This accomplishment

Entertainment

August 17, 2023

Two promoter group entities acquire a 2.03% stake in Adani Ports-thumnail

Two promoter group entities acquire a 2.03% stake in Adani Ports

By Ayush Singh

Between June 2 and August 11 two entities, from the promoter group came together to acquire a stake of 2.03%, in Adani Ports and Special Economic Zone through market transactions

Business

August 16, 2023

South Korea’s Hyundai Motor to buy General Motors’ Talegaon plant-thumnail

South Korea’s Hyundai Motor to buy General Motors’ Talegaon plant

By Ayush Singh

Hyundai Motors Indian division has acquired the General Motors Talegaon plant, which will enhance their production capacity to one million units, per year.

Automotive

August 16, 2023

Lending and card management platform Vegapay raises $1.1 million-thumnail

Lending and card management platform Vegapay raises $1.1 million

By Ayush Singh

Vegapay has recently raised $1.1 million, in seed funding with Eximius Ventures leading the investment and receiving support from DSP HMK, Capri Global, and other investors.

Investment & Funding

August 16, 2023

California-based content monetization firm InMobi acquires consent managing platform Quantcast Choice-thumnail

California-based content monetization firm InMobi acquires consent managing platform Quantcast Choice

By Ayush Singh

InMobi, a company based in California that specializes in content monetization and marketing technology has bolstered its privacy solutions by acquiring Quantcast Choice, a platform, for managing user consent. This acquisition aims to improve data governance, consent management, and privacy control for publishers who operate on devices and the web. The transition of Quantcast Choice customers and the introduction of the offering, for publishers are expected to happen in the future.

Business

August 16, 2023

Foxconn Group begins iPhone 15 production in Tamilnadu Plant-thumnail

Foxconn Group begins iPhone 15 production in Tamilnadu Plant

By Ayush Singh

Apple Inc. is set to begin production of its cutting-edge iPhone 15, in Tamil Nadu, India with the aim of reducing the gap between its manufacturing center.

Business

August 16, 2023

Intel to drop its $5.4 billion deal to acquire chipmaker Tower Semiconductor Ltd as China delays approval-thumnail

Intel to drop its $5.4 billion deal to acquire chipmaker Tower Semiconductor Ltd as China delays approval

By Ayush Singh

Intel Corporation has decided to terminate its $5.4 billion acquisition agreement, with Tower Semiconductor, a chipmaker. The reason behind this decision is the failure to obtain approval from China. This development highlights the impact of tensions between the United States and China on business deals. As part of the termination, Intel will pay Tower a breakup fee of $353 million.

Business

August 16, 2023

Occidental Petroleum buys Carbon capturing technology supplier Carbon Eng. for $1.1 bn-thumnail

Occidental Petroleum buys Carbon capturing technology supplier Carbon Eng. for $1.1 bn

By Ayush Singh

Occidental Petroleum has made an investment of $1.1 billion to acquire Carbon Engineering Ltd, a leading company, in air capture (DAC) technology. The objective behind this move is to set up 100 DAC plants that will play a role in addressing climate change by extracting CO2 from the atmosphere for purposes. With the support of grants, Occidental is actively advancing innovation, towards achieving emissions neutrality.

News

August 16, 2023

SBFC Finance shares debut at exchanges at a 44% premium over the IPO price-thumnail

SBFC Finance shares debut at exchanges at a 44% premium over the IPO price

By Ayush Singh

SBFC Finance made a strong entry onto Dalal Street on Wednesday, August 16. The stock was listed at Rs 82 per share, representing a substantial premium of 44 percent compared to its issue price of Rs 57 per share on the National Stock Exchange (NSE). Similarly, it debuted at a premium of 44 percent on the BSE, trading at Rs 81.99 per share.

Business

August 16, 2023

Hero Fincrop, the finance arm of Hero MotoCorp aiming for ₹4,000 crore IPO-thumnail

Hero Fincrop, the finance arm of Hero MotoCorp aiming for ₹4,000 crore IPO

By Ayush Singh

Hero FinCorp, a division of Hero MotoCorp, the two-wheeler manufacturer, in India, is currently engaging in discussions, with investment banks to execute its intended public offering (IPO) of ₹4,000 crore.

Business

August 14, 2023

Axis Asset Management launches Rs. 1250 crore private credit alternative investment fund-thumnail

Axis Asset Management launches Rs. 1250 crore private credit alternative investment fund

By Ayush Singh

Axis Asset Management, the mutual fund division of Axis Bank has recently launched a credit fund with the objective of raising up to Rs 1,250 crore from a diverse group of investors.

Business

August 14, 2023

Logistics service provider Xpressbees acquires courier company TrackOn-thumnail

Logistics service provider Xpressbees acquires courier company TrackOn

By Ayush Singh

Xpressbees, a logistics powerhouse, has acquired New Delhi’s Trackon, marking its entry into the SME courier space. With a nationwide expansion plan and synergistic benefits, Xpressbees aims to leverage its network for growth. The acquisition aligns with their success story, backed by major investments and a diversified service portfolio, promising enhanced customer experiences.

Business

August 14, 2023

Ranjan Pai, Chairman of Manipal Group is looking to buy a stake in Firstcry after Akash and PharmEasy.-thumnail

Ranjan Pai, Chairman of Manipal Group is looking to buy a stake in Firstcry after Akash and PharmEasy.

By Ayush Singh

Ranjan Pai, the chairman of the Manipal Group is currently engaged in negotiations to acquire a stake, in FirstCry, an e-commerce platform that focuses on children’s products. It has been

News

August 14, 2023

JioCinema forays into Esports; to live stream the official Battlegrounds Mobile India Series-thumnail

JioCinema forays into Esports; to live stream the official Battlegrounds Mobile India Series

By Ayush Singh

JioCinema and Krafton India have collaborated to live stream the Battlegrounds Mobile India Series (BGIS) 2023. The event will feature “The Grind” phase from August 17th to 20th followed by the finals from October 12th to 14th. With a prize pool of INR 2 Crore, the tournament has attracted, over 2,000 teams highlighting the growing popularity of esports in India.

Business

August 14, 2023

Open AI faces Bankruptcy amid rising operational costs; falling users-thumnail

Open AI faces Bankruptcy amid rising operational costs; falling users

By Ayush Singh

OpenAI, the company behind ChatGPT is at risk of facing difficulties by the end of 2024 if it does not receive funding. The magazine states that there has been a decline in the number of users visiting the ChatGPT website during the half of 2023. In May there were 1.9 billion users. This number dropped to 1.5 billion by July. The combination of losses, which amounted to $540 million last year and high operational costs further exacerbates the challenge, for OpenAI.

Artificial Intelligence

August 14, 2023

National Investment & Infrastructure Fund’s search for CEO raises concern among stakeholders-thumnail

National Investment & Infrastructure Fund’s search for CEO raises concern among stakeholders

By Ayush Singh

The ongoing quest to find a CEO, for India’s National Investment & Infrastructure Fund (NIIF) has sparked worries among investors potentially putting government business plans at risk.

Business

August 14, 2023

South Korea’s largest telecom firm SK Telecom to invest in google backed AI Firm Anthropic-thumnail

South Korea’s largest telecom firm SK Telecom to invest in google backed AI Firm Anthropic

By Ayush Singh

SK Telecom, a company has made a significant investment of $100 million, in Anthropic, an AI firm based in the United States that is posing a challenge to OpenAI.

Artificial Intelligence

August 14, 2023

Zerodha receives approval from SEBI to set up AMC; Vishal Jain appointed head-thumnail

Zerodha receives approval from SEBI to set up AMC; Vishal Jain appointed head

By Ayush Singh

Zerodha under the leadership of CEO Nithin Kamath has received approval, from SEBI to establish an asset management company (AMC) in collaboration with Smallcase. Their primary focus will be, on

Business

August 12, 2023

Tiktok parent ByteDance bet on Lark and Resso to expand into Indian market.-thumnail

Tiktok parent ByteDance bet on Lark and Resso to expand into Indian market.

By Ayush Singh

ByteDance, the internet company is now focusing on the market by introducing its music app called Resso and a productivity tool known as Lark. This move comes after TikTok and

Business

August 12, 2023

Government to start acquiring land for “New Noida”, city to spread over 21000 hectares-thumnail

Government to start acquiring land for “New Noida”, city to spread over 21000 hectares

By Ayush Singh

Uttar Pradesh plans “New Noida” city to address land scarcity due to growth, offering space for residents, industries, universities, and offices. The masterplan includes GIS technology for efficient development, catering

Business

August 12, 2023

Chakr Innovation a climate technology-focused startup receives 18 cr in funding-thumnail

Chakr Innovation a climate technology-focused startup receives 18 cr in funding

By Ayush Singh

Chakr Innovation, a startup focused on climate technology has received INR 18 Cr ($2.2 Mn) in funding, from India’s EXIM Bank to support the development of emission control devices.

Business

August 11, 2023

Lok Sabha passes a bill to approve 28% GST on online gaming and casinos decision-thumnail

Lok Sabha passes a bill to approve 28% GST on online gaming and casinos decision

By Ayush Singh

In a significant development, the Lok Sabha has given its nod to amendments in the Central and Integrated GST laws. These amendments mark a substantial shift as they introduce a 28 percent tax on the complete face value of wagers in domains like online gaming, casinos, and horse racing clubs.

News

August 11, 2023

2 Adani group firms mulling plans to secure Rs. 1500 crore through bonds-thumnail

2 Adani group firms mulling plans to secure Rs. 1500 crore through bonds

By Ayush Singh

Indias Adani Group is currently, in talks with experts to secure 1,500 crore rupees ($181 million) for each of its divisions through local currency bonds. This effort is part of the conglomerate’s goal to raise a total of 100 billion rupees during this year.

Business

August 11, 2023

Fame III: Government proposes up to 50,000 crore corpus to support EVs industry-thumnail

Fame III: Government proposes up to 50,000 crore corpus to support EVs industry

By Ayush Singh

The government has revealed the draft of the FAME III, which includes a budget allocation of Rs 40,000 50,000 crore to support vehicles (EVs).

Automotive

August 11, 2023

Truecaller introduces an AI-enabled call-answering feature for users-thumnail

Truecaller introduces an AI-enabled call-answering feature for users

By Ayush Singh

Truecaller has recently launched Truecaller Assistant, an AI-powered feature that helps users manage their calls efficiently.

Artificial Intelligence

August 11, 2023

Pyramid Technoplast IPO is to open for subscription on 18th August-thumnail

Pyramid Technoplast IPO is to open for subscription on 18th August

By Ayush Singh

Pyramid Technoplast, a company specializing in packaging plans to initiate its Initial Public Offering (IPO) between August 18 and 22 following the trend of public offerings this month.

Business

August 11, 2023

HCL Technologies bags a $2.1 bn deal from Verizon for Managed Network Services-thumnail

HCL Technologies bags a $2.1 bn deal from Verizon for Managed Network Services

By Ayush Singh

HCL Technologies has secured a $2.1 billion agreement, with Verizon Business to provide managed network services. This deal is expected to have an impact on revenue for the six years starting from November 2023.

Business

August 11, 2023

Russia launches first lunar spacecraft in 47 years, touch down on 21st Aug-thumnail

Russia launches first lunar spacecraft in 47 years, touch down on 21st Aug

By Ayush Singh

Russia, after a 47-year pause, successfully launched its latest lunar exploration endeavor on Friday. The aim is to achieve the distinction of making a gentle landing at the lunar south pole, a region thought to contain valuable reservoirs of water ice. 

News

August 11, 2023

Godrej Consumer to establish a 515 crore manufacturing facility in Tamilnadu-thumnail

Godrej Consumer to establish a 515 crore manufacturing facility in Tamilnadu

By Ayush Singh

Godrej Consumer Products Limited is set to establish a cutting-edge manufacturing facility in the state, with a substantial investment of Rs 515 crore over the next five years. The company disclosed this development in a filing made on Thursday.

Business

August 10, 2023

Axis Bank to raise stake in insurer Max Life to 16.2% from 9.99%-thumnail

Axis Bank to raise stake in insurer Max Life to 16.2% from 9.99%

By Ayush Singh

Axis Bank, an institution based in India intends to increase its ownership, in Max Life insurance from 9.99% to 16.2% by making an investment of 16.12 billion rupees.

Business

August 10, 2023

TVS Supply chain solutions IPO live from 10-14th August for subscription-thumnail

TVS Supply chain solutions IPO live from 10-14th August for subscription

By Ayush Singh

TVS SCS, a company, plans to generate Rs 880 crore through its initial public offering (IPO) with the objective of reducing debt and fueling growth. By issuing shares of Rs

Business

August 10, 2023

Singapore’s CapitaLand Investment launches  $390 mn fund to invest in Indian Business Parks-thumnail

Singapore’s CapitaLand Investment launches  $390 mn fund to invest in Indian Business Parks

By Ayush Singh

CapitaLand Investment Limited (CLI) is launching CapitaLand India Growth Fund 2 (CIGF2) an initiative, with a value of S$525 million. The focus of this fund is on acquiring high-quality Grade A business parks in cities across India

Business

August 10, 2023

VC firm Antler launches platform to help Founders build for and engage with ONDC-thumnail

VC firm Antler launches platform to help Founders build for and engage with ONDC

By Ayush Singh

Antler, a venture capital firm, in its stages, has introduced a platform in collaboration with Infosys Nandan Nilekani to assist entrepreneurs in establishing a digital commerce network (ONDC). The ONDC

Business

August 10, 2023

RBI keeps the repo rate unchanged at 6.5%; GDP projection for FY24 at 6.5%-thumnail

RBI keeps the repo rate unchanged at 6.5%; GDP projection for FY24 at 6.5%

By Ayush Singh

RBI Governor Shaktikanta Das announced the third consecutive pause on rate hikes by the monetary policy committee, signaling readiness to act if needed.

Finance

August 10, 2023

Disney+Hostar reports the biggest decline in subscriber base in the June quarter-thumnail

Disney+Hostar reports the biggest decline in subscriber base in the June quarter

By Ayush Singh

Disney+ Hotstar, a streaming platform, in India, faced a setback during the June quarter as it experienced a decline of 24% in its subscriber base. This translates to a loss of 12.5 million users. The platform has been witnessing declines mainly due to the loss of broadcasting rights for the Indian Premier League (IPL) and the conclusion of partnerships with HBO. In addition to that the rise of JioCinema, as a competitor and its introduction of content have further contributed to Hotstars decline.

Business

August 10, 2023

Amazon is in talks with Softbanks’s Arm to join hands ahead of its IPO-thumnail

Amazon is in talks with Softbanks’s Arm to join hands ahead of its IPO

By Ayush Singh

Amazon is, among the tech giants that are investing in the IPO of Arm Ltd underscoring the significance of Arms computing capabilities. Amazon Web Services chip, known as Graviton is built on Arms design. Arm is aiming to secure funding in the range of $8 10 billion. Has set its sights on a debut on Nasdaq. The involvement of investors in Arm further strengthens customer relationships making its IPO more appealing as SoftBank Vision Fund works towards recovery efforts. With a pivot, towards high royalty data servers and PCs Arm is positioning itself for growth.

Business

August 9, 2023

Government to invite bids for strategic sale of HLL lifecare in September-thumnail

Government to invite bids for strategic sale of HLL lifecare in September

By Ayush Singh

In September the Finance Ministry intends to seek offers, for the sale of HLL Lifecare after receiving approval from the Alternative Mechanism. Minister Bhagwat Kishanrao Karad has confirmed the decision to privatize despite appeals from stakeholders.

Business

August 9, 2023

Asset manager Brookfield to sell 10% stake in Data Infrastructure Trust-thumnail

Asset manager Brookfield to sell 10% stake in Data Infrastructure Trust

By Ayush Singh

Brookfield, the asset manager has initiated a sale of a 10% stake, in Data Infrastructure Trust. This sale will be done through an Offer for Sale (OFS) with a price

Business

August 9, 2023

ESPN strikes a deal to license its brand for a sports betting app to Penn Entertainment-thumnail

ESPN strikes a deal to license its brand for a sports betting app to Penn Entertainment

By Ayush Singh

ESPN strikes a deal to license its brand for a sports betting app to Penn Entertainment

Business

August 9, 2023

Yatharth Hopsitals debuts on bourses at a 2% premium-thumnail

Yatharth Hopsitals debuts on bourses at a 2% premium

By Ayush Singh

Yatharth Hospital & Trauma Care Services made­ its debut on August 7th, with a slight 2% premium instead of the­ predicted 20% surge prompte­d by market sentiment.

Business

August 7, 2023

The government exploring live-streaming TV channels without the Internet through D2M technology-thumnail

The government exploring live-streaming TV channels without the Internet through D2M technology

By Ayush Singh

The government is curre­ntly exploring the potential of Dire­ct-to-Mobile (D2M) technology, which allows live TV channe­ls to be accessed on mobile­ devices without the ne­ed for data. Discussions are underway with stake­holders, including telecom ope­rators. However, there­ are concerns about how D2M could impact data reve­nue.

Indian Govt

August 5, 2023

Government imposes 5-year dumping duty on SMOF fiber optic cable from China, Indonesia, and South Korea-thumnail

Government imposes 5-year dumping duty on SMOF fiber optic cable from China, Indonesia, and South Korea

By Ayush Singh

In an effort to support the domestic optical fibre­ industry, which has been struggling with lower-quality imports, the­ Finance Ministry has implemente­d definitive anti-dumping duties on spe­cific optical fiber imports from China, South Korea, and Indonesia.

Indian Govt

August 5, 2023

US FDA green flags to first post-partum depression pill-thumnail

US FDA green flags to first post-partum depression pill

By Ayush Singh

Federal approval signifies a mome­ntous milestone as Zurzuvae, which is designed to alleviate­ severe as post-partum de­pression pill, becomes re­adily available. Administered ove­r a span of 14 days, this treatment

News

August 5, 2023

ITC hotels mulling plans to list on the stock market; board meeting on 14th August-thumnail

ITC hotels mulling plans to list on the stock market; board meeting on 14th August

By Ayush Singh

ITC, an Indian conglomerate, has announced its plans to list its hote­l business, ITC Hotels, within the ne­xt 6-9 months. This decision comes after a board me­eting held on August 14 and is aimed at furthe­r enhancing the growth potential of the­ hotel segment.

Business

August 5, 2023

Blackstone planning to acquire 33.47% promoters stake in Cipla and eventually 59.4%-thumnail

Blackstone planning to acquire 33.47% promoters stake in Cipla and eventually 59.4%

By Ayush Singh

Blackstone, an equity firm is preparing to make an offer, for a significant share in Cipla, which happens to be the third largest generics company in India. If successful Blackstone

Business

August 4, 2023

Byju’s misses 3rd August deadline set by its creditors to amend the terms of a $1.2 bn debt-thumnail

Byju’s misses 3rd August deadline set by its creditors to amend the terms of a $1.2 bn debt

By Ayush Singh

Struggling ed-tech giant Byju’s misses yet another debt revision deadline, intensifying challenges amid disputes over a $1.2 billion loan. Lenders sought amended terms, including higher interest and partial repayment, but

Education

August 4, 2023

Autonomous vehicle technology startup Pony.Ai to set up $139 mn robotaxi jv with Toyota-thumnail

Autonomous vehicle technology startup Pony.Ai to set up $139 mn robotaxi jv with Toyota

By Ayush Singh

Pony.Ai and Toyota have joined forces in a billion yuan venture aimed at producing robotaxis on a large scale.

Business

August 4, 2023

TVS Supply Chain Solutions IPO to open on 10th August for Subscription-thumnail

TVS Supply Chain Solutions IPO to open on 10th August for Subscription

By Ayush Singh

TVS Supply Chain Solutions Ltd, based in Chennai will soon begin its public subscription period from August 10th to 14th. The company aims to raise around Rs 600 crore through this initiative. Known for its handling of supply chains TVS Supply Chain intends to utilize the funds for repaying its debts. The company has demonstrated growth, in FY23 displaying trends, in both revenue and profit.

Business

August 4, 2023

Apple’s Q3-: Services sales revenue compensates again for iPhone sales dip-thumnail

Apple’s Q3-: Services sales revenue compensates again for iPhone sales dip

By Ayush Singh

Apple’s Q3 earnings revealed a mixed performance with iPhone revenue dipping to $39.67B from $40.66B last year. However, a robust services sector surged from $19.6B to $21.2B YoY, surpassing predictions. CEO Tim Cook hailed the growth of paid subscriptions and emphasized the company’s commitment to values and innovation.

Business

August 4, 2023

GoStudents raises another $95 mn to double down on VR & Ai capabilities-thumnail

GoStudents raises another $95 mn to double down on VR & Ai capabilities

By Ayush Singh

Go Student, a prominent ed-tech unicorn secures an impressive $95 million in a strategic funding round from investors including Deutsche Bank and Left Lane Capital.

Business

August 4, 2023

Concord Biotech IPO opens for public subscription today; GMP at Rs. 325-thumnail

Concord Biotech IPO opens for public subscription today; GMP at Rs. 325

By Ayush Singh

Concord Biotechs Initial Public Offering (IPO) will be available, for subscription from August 4 to 8. The IPO comprises 2.09 crore equity shares, which are being traded at a premium of Rs 325 per share in the Grey market.

News

August 4, 2023

IIM Ahmedabad’s CIIE.CO & SIDBI partners to establish a pre-seed fund for deep-tech start-ups-thumnail

IIM Ahmedabad’s CIIE.CO & SIDBI partners to establish a pre-seed fund for deep-tech start-ups

By Ayush Singh

IIM Ahmedabad CIIE.CO and SIDBI have joined forces to establish a seed fund, for deep tech startups. With a corpus of ₹40 crore this collaboration by CIIE.CO known for its

Education

August 3, 2023

The government restricts the import of laptops, tablets, PCs, and Servers-thumnail

The government restricts the import of laptops, tablets, PCs, and Servers

By Ayush Singh

The recent announcement, by the government restricts the import of laptops, tablets, and computers allowing imports. There are some exceptions though. Individuals can import one item through channels and for research and development purposes up to 20 items per shipment are allowed.

Business

August 3, 2023

SBFC Finance IPO opens for public subscription today-thumnail

SBFC Finance IPO opens for public subscription today

By Ayush Singh

The anticipated initial public offering (IPO) of SBFC Finance will be open, for subscription from August 3 to 7.

Finance

August 3, 2023

Nykaa CEO Falguni to lead marketing operation  after 6 executives quit-thumnail

Nykaa CEO Falguni to lead marketing operation after 6 executives quit

By Ayush Singh

Nykaa, a major Indian cosmetics-to-fashion retailer, has seen several key executives, including the Chief Marketing Officer, resign amidst heightened competition in the rapidly growing sector. Nykaa’s founder takes direct oversight,

Business

August 3, 2023

Private equity firm KKR buys majority stake in Leap India-thumnail

Private equity firm KKR buys majority stake in Leap India

By Ayush Singh

KKR, an equity firm has recently acquired a significant ownership interest, in LEAP, which is India’s top pallet pooling platform. LEAP provides a range of services.

Business

August 3, 2023

Ambuja Cements acquires 56.74 % stake in Sanghi industries at 5000 cr valuations-thumnail

Ambuja Cements acquires 56.74 % stake in Sanghi industries at 5000 cr valuations

By Ayush Singh

Ambuja Cements has made an acquisition of Sanghi Industries Ltd for Rs 5,000 crore. The acquisition was funded internally. This has allowed Ambuja Cements to secure a controlling stake of 56.74%.

Business

August 3, 2023

Prosus-backed Fintech firm PayU gearing up for stock debut next year-thumnail

Prosus-backed Fintech firm PayU gearing up for stock debut next year

By Ayush Singh

PayU, a financial technology company supported by Prosus is preparing to make its debut on the stock exchange. Its estimated value is expected to be $6- 6.5 billion. The company, led by Arvind Agarwal, who previously served as CFO, at Nykaa plans to share its draft prospectus in the year.

Finance

August 2, 2023

Battery manufacturer to set up a 1 billion battery plant in Karnataka-thumnail

Battery manufacturer to set up a 1 billion battery plant in Karnataka

By Ayush Singh

IBC has formed a partnership, with the Karnataka government committing an investment of Rs 8,000 crore ($971.89 million) towards a battery manufacturing project covering 100 acres of land.

Business

August 2, 2023

UPI inches too close to the target of 1000 cr. transactions per month mark-thumnail

UPI inches too close to the target of 1000 cr. transactions per month mark

By Ayush Singh

In July the Unified Payments Interface (UPI) witnessed a recovery by experiencing a 6.6% increase, in the number of transactions reaching a total of 996 crores.

Finance

August 2, 2023

Unstop, a community engagement and hiring platform for students raises $5 million in funding-thumnail

Unstop, a community engagement and hiring platform for students raises $5 million in funding

By Ayush Singh

Unstop, a platform based in Delhi has recently received funding of $5 million. The funding round was led by Mynavi, from Japan and Coursera which marks Courseras’s investment in a company.

Business

August 2, 2023

Fitch downgrades US long-term foreign currency issuer default rating to AA+ from AAA-thumnail

Fitch downgrades US long-term foreign currency issuer default rating to AA+ from AAA

By Ayush Singh

Fitch Ratings has recently lowered the US term foreign currency default rating, from AAA to AA+. This decision was primarily influenced by anticipated decline, erosion in governance and the increasing

Finance

August 2, 2023

Ambuja Cements acquires a majority stake in Sanghi Industries at a $729 million valuation-thumnail

Ambuja Cements acquires a majority stake in Sanghi Industries at a $729 million valuation

By Ayush Singh

India’s Ambuja Cements is planning to bolster its cement portfolio by acquiring a majority stake, in Sanghi Industries. This strategic move, spearheaded by billionaire Gautam Adanis’s company signifies their commitment to expanding in the sector. Adani’s cement holdings, which include Ambuja and ACC Ltd currently have a production capacity of, over 65 million tonnes throughout India.

Business

August 2, 2023

Manipal Group’s Dr. Ranjan Pai mulling plans to invest 80-90 mn in ed-tech firm Aakash-thumnail

Manipal Group’s Dr. Ranjan Pai mulling plans to invest 80-90 mn in ed-tech firm Aakash

By Ayush Singh

Dr. Ranjan Pai, the Chairman of Manipal Group is being seen as a rescuer, for Aakash, an ed-tech company owned by Byjus that is currently facing difficulties. As an investor in Byjus Dr. Pai’s family office is in talks to invest, around $90 million, which would greatly assist the struggling giant and provide some much-needed relief.

Investment & Funding

August 1, 2023

HSBC announces $2 billion share buyback and 10 cent dividend as profit soars in the first half-thumnail

HSBC announces $2 billion share buyback and 10 cent dividend as profit soars in the first half

By Ayush Singh

HSBC in Europe with a market value of $162 billion had an impressive first-half performance. Its profits more than doubled to $21.7 billion thanks to the increase in interest rates

Finance

August 1, 2023

EaseMyTrip to pick up majority stake in 3 travel companies-thumnail

EaseMyTrip to pick up majority stake in 3 travel companies

By Ayush Singh

EaseMyTrip, a renowned travel service provider, plans to acquire a 51% stake in three prominent travel companies: Guideline Travels Holidays India, TripShope Travel Technologies, and Dook Travels. The acquisition will be financed through the issuance of EaseMyTrip’s equity shares to the selling shareholders of these firms.

Business

August 1, 2023

Block deal in real estate firm DLF to be executed by an exiting promotor at a 3% discount-thumnail

Block deal in real estate firm DLF to be executed by an exiting promotor at a 3% discount

By Ayush Singh

DLF, a known real estate developer is planning to conduct a block deal on August 1st worth Rs 1,086.2 crore. They are offering a 3 percent discount compared to the market price. In the quarter that ended in June 2023, DLF exceeded analysts’ expectations by generating a profit of Rs 526.11 crore. As part of their re-entry, into the Mumbai market, DLF has partnered with Trident Group. Together they plan to launch a project in Andheri West spanning over nine lakh sq ft. The company is investing Rs 400 crore as equity, for this development initiative.

Business

August 1, 2023

OMC decreases the price of commercial cylinders by Rs. 99.75; increases ATF by 8.5%-thumnail

OMC decreases the price of commercial cylinders by Rs. 99.75; increases ATF by 8.5%

By Ayush Singh

“Oil marketing companies have reduced commercial cylinders or LPG gas prices, benefiting businesses with lower costs. Domestic cooking gas rates remain unchanged.

Business

August 1, 2023

Japan’s chip supplier Disco mulling plans to establish a facility in India-thumnail

Japan’s chip supplier Disco mulling plans to establish a facility in India

By Ayush Singh

Disco, a supplier of chipmaking devices is contemplating the idea of establishing a center, in India. This center would not provide support to clients. Also, serve as a marketing hub for the semiconductor industry. The fact that major companies like AMD and Micron Technology are investing significantly in India indicates a transformation, in the country’s semiconductor landscape.

Industry

August 1, 2023

Fintech startup RupeeRedee secures $3.5 mn in funding-thumnail

Fintech startup RupeeRedee secures $3.5 mn in funding

By Ayush Singh

RupeeRedee, a fintech startup in India, secured $3.5 million in equity funding from its parent company Digital Finance International. This funding aims to expand its operations and enhance product offerings,

Finance

July 31, 2023

Persistent Systems partners with Google Cloud; launches Google Cloud-powered Generative AI solutions-thumnail

Persistent Systems partners with Google Cloud; launches Google Cloud-powered Generative AI solutions

By Ayush Singh

Persistent Systems and Google Cloud have deepened their collaboration by introducing a variety of Generative AI solutions.

AI

July 31, 2023

Manchester United extends its partnership with Adidas for 10 years at a minimum £900 million cash guarantee-thumnail

Manchester United extends its partnership with Adidas for 10 years at a minimum £900 million cash guarantee

By Ayush Singh

Manchester United has recently extended its partnership, with Adidas for 10 years ensuring a cash guarantee of £900 million ($1.16 billion). This agreement will remain in effect until June 2035

News

July 31, 2023

Bharti Airtel makes Rs. 8,024 crore payment to DoT; clearing 2015 auction dues-thumnail

Bharti Airtel makes Rs. 8,024 crore payment to DoT; clearing 2015 auction dues

By Ayush Singh

Bharti Airtel, one of India’s telecom companies has recently made a payment of Rs. 8,024 crore, to the Department of Telecommunications.

Business

July 31, 2023

Singapore’s real estate firm AT Capital firm & NBFC Experion Capital makes their first India investment-thumnail

Singapore’s real estate firm AT Capital firm & NBFC Experion Capital makes their first India investment

By Ayush Singh

Singapore-based real estate AT Capital firm and NBFC firm Experion Capital has made its first investment in India by providing ₹200 crores as project finance for Vatika Group’s prestigious luxury residential project, Sovereign Park, located in Gurugram.

Business

July 31, 2023

Foxconn to sign an agreement with Tamilnadu to set up Rs. 1600 crore plant-thumnail

Foxconn to sign an agreement with Tamilnadu to set up Rs. 1600 crore plant

By Ayush Singh

Foxconn, an electronics manufacturing company plans to invest an amount of $194.45 million, in India. Through its subsidiary Foxconn Industrial Internet (FII), the company aims to establish a state-of-the-art facility for components in the Kancheepuram district of Tamil Nadu.

Business

July 31, 2023

Sunil Shetty invests in Pro Panja League; acquires single-digit equity-thumnail

Sunil Shetty invests in Pro Panja League; acquires single-digit equity

By Ayush Singh

Suniel Shetty, a known actor and entrepreneur has recently made an investment, in Pro Panja League. This emerging professional arm wrestling tournament is gaining popularity in India. The league emphasizes its roots welcomes participants, from backgrounds, and aims to attract a wide audience through television broadcasts. In its season the league aspires to captivate viewers and establish an online community. The future looks promising for this growing sport. 

Business

July 31, 2023

Bajaj Auto to establish its first overseas manufacturing plant in Brazil-thumnail

Bajaj Auto to establish its first overseas manufacturing plant in Brazil

By Ayush Singh

Bajaj Auto, an exporter of motorcycles and three-wheelers is expanding its operations into Brazil by setting up its inaugural manufacturing facility overseas under the name Bajaj Do Brasil.

Automotive

July 31, 2023

Jana Small Finance Bank files for IPO with SEBI after pandemic delays-thumnail

Jana Small Finance Bank files for IPO with SEBI after pandemic delays

By Ayush Singh

Jana Small Finance Bank, an Indian lender, refiles for an IPO after pandemic-related delays. The offering includes fresh shares worth up to 5.75 billion rupees and an offer for sale of 4.1 million shares.

Finance

July 31, 2023

U.S. Silicon Power Group to Invest $121.73 Million in Odisha-thumnail

U.S. Silicon Power Group to Invest $121.73 Million in Odisha

By Ayush Singh

Silicon Power Group, a company plans to invest 10 billion rupees in the construction of a facility, in Odisha, India. The facility will produce silicon carbide for semiconductor components.

Business

July 28, 2023

Indonesia to Impose Limits on Sales of Imported Goods Under $100 to Safeguard Local Businesses-thumnail

Indonesia to Impose Limits on Sales of Imported Goods Under $100 to Safeguard Local Businesses

By Ayush Singh

Indonesia to Impose a regulation to safeguard the interests of small and medium enterprises by placing restrictions, on online sales of imported goods valued below $100. This measure will be applicable to both marketplaces and retailers operating on social media platforms. As the country’s e-commerce industry flourished, reaching a value of $59 billion in the year authorities are now working collaboratively to enforce these rules and anticipate potential effects, on the sector.

Business

July 28, 2023

BPEA EQT to Acquire 60% Stake in India’s Leading Fertility Clinic, Indira IVF-thumnail

BPEA EQT to Acquire 60% Stake in India’s Leading Fertility Clinic, Indira IVF

By Ayush Singh

BPEA EQT, a known equity fund, with a focus on Asia, has recently agreed to purchase a significant 60% share in Indira IVF. Indira IVF is India’s leading provider of fertility services. Is considered a leader in IVF cycles. This acquisition values the company at $1.1 billion representing an investment, in the expanding Indian IVF industry.

News

July 28, 2023

Nirma to raise Rs 7,000 Crore for Acquisitions; Glenmark Life Sciences is Shortlisted Target-thumnail

Nirma to raise Rs 7,000 Crore for Acquisitions; Glenmark Life Sciences is Shortlisted Target

By Ayush Singh

Nirma, a manufacturer of soap and detergent products is looking to secure funding of, up to Rs 7,000 crore. This capital infusion will be utilized for expanding its manufacturing facilities and exploring acquisition opportunities. Glenmark Life Sciences has been identified as one of the companies being considered for bids. The objective, behind this move, is to broaden Nirma’s business portfolio by venturing into the healthcare sector. This decision is supported by Nirma’s performance and strong cash flow generation.

Business

July 28, 2023

“Luxury Giant Kering to Acquire 30% Stake in Valentino Amidst Gucci’s Struggles”-thumnail

“Luxury Giant Kering to Acquire 30% Stake in Valentino Amidst Gucci’s Struggles”

By Ayush Singh

Luxury giant Kering is making a move by acquiring a 30 percent stake, in Valentino, the renowned Italian luxury fashion brand.

News

July 28, 2023

US fed lifts rate to a 16-year high at 5.25-5.5% range-thumnail

US fed lifts rate to a 16-year high at 5.25-5.5% range

By Ayush Singh

The Federal Reserve raised its benchmark interest rate by a quarter-point, marking the highest rate in 16 years, due to elevated inflation. The policy statement suggests the possibility of further

Finance

July 27, 2023

M&M planning to acquire upto 9.9% stake in RBL bank after its 3.53% stake purchase-thumnail

M&M planning to acquire upto 9.9% stake in RBL bank after its 3.53% stake purchase

By Ayush Singh

M&M, the conglomerate, with expertise in technology and tractors has recently invested Rs 417 crore ($50 million) to acquire a 3.53% stake in RBL Bank. This move indicates their interest

Finance

July 27, 2023

Together fund announces its first close of SaaS and AI-focused Fund II at $150 mn-thumnail

Together fund announces its first close of SaaS and AI-focused Fund II at $150 mn

By Ayush Singh

Together Fund, a Bengaluru-based venture capital firm, successfully raised $150 million for its early-stage fund, Together Fund II, with a focus on supporting SaaS and AI startups. The fund aims

CXO Insight

July 27, 2023

Shark Tank India fame Kerala banana chips brand Beyond Snack secures $3.5 Mn in funding-thumnail

Shark Tank India fame Kerala banana chips brand Beyond Snack secures $3.5 Mn in funding

By Ayush Singh

Beyond Snack, a known brand of banana chips, from Kerala, has successfully raised $3.5 million in funding with NABVENTURES Fund taking the lead. Established in 2020 the brand intends to

News

July 27, 2023

Customer experience SaaS platform Kapture CX gets $4 million in series A funding-thumnail

Customer experience SaaS platform Kapture CX gets $4 million in series A funding

By Ayush Singh

Kapture CX, a platform that automates customer experience recently secured $4 million, in funding. The investment was led by Cactus Venture Partners.

Business

July 27, 2023

RPG Group, Bain Capital, Dorf Ketal in race to buy a stake in Aquapharm Chemicals-thumnail

RPG Group, Bain Capital, Dorf Ketal in race to buy a stake in Aquapharm Chemicals

By Ayush Singh

Aquapharm Chemicals, a company based in Pune and valued at, more than ₹4,500 crore has caught the attention of buyers such as RP Sanjiv Goenka Group, Bain Capital, and Dorf Ketal.

Business

July 27, 2023

Foxconn is in talks with the Tamilnadu government to set up a $200 mn plant by 2024-thumnail

Foxconn is in talks with the Tamilnadu government to set up a $200 mn plant by 2024

By Ayush Singh

Foxconn, the electronics manufacturer is currently engaged in talks, with the government of Tamil Nadu regarding an investment of $200 million to establish a manufacturing plant for electronic components.

Business

July 27, 2023

IPO-bound Jio Financial Services and US-based BlackRock form a $300mn JV to provide asset management services-thumnail

IPO-bound Jio Financial Services and US-based BlackRock form a $300mn JV to provide asset management services

By Ayush Singh

Jio Financial Services (JFS) a separate division of Reliance Industries has teamed up with BlackRock to make its mark, in India’s asset management sector.

Business

July 27, 2023

Meta’s Facebook touches 3 billion active users says Meta’s latest report-thumnail

Meta’s Facebook touches 3 billion active users says Meta’s latest report

By Ayush Singh

Meta’s recent quarterly report showcases statistics, for its suite of applications, such as Facebook, WhatsApp, Instagram, Messenger, and Threads. These apps collectively boast 3.88 billion active users representing nearly half of the global population actively engaging with Metas platforms. Moreover, Facebook has witnessed a resurgence, in users now reaching a staggering 2.064 billion individuals.

Business

July 27, 2023

Visa partners with Adani Group to offer co-branded cards-thumnail

Visa partners with Adani Group to offer co-branded cards

By Ayush Singh

Visa, the known digital payments company has entered into a partnership, with Indias Adani Group, which is led by the billionaire Gautam Adani.

Business

July 26, 2023

Wint Wealth gets SEBI license as a bond provider platform-thumnail

Wint Wealth gets SEBI license as a bond provider platform

By Ayush Singh

Wint Wealth, a fintech startup based in Bengaluru has recently acquired a license from SEBI as a bond platform provider (OBPP). This license enables Wint Wealth to facilitate investments, in bonds for investors. The company has already facilitated investments of INR 1,000 Cr for around 50,000 investors.

News

July 26, 2023

Mahindra group acquires 4% stake in RBL bank; planning to become a strategic investor-thumnail

Mahindra group acquires 4% stake in RBL bank; planning to become a strategic investor

By Ayush Singh

Reportedly a company affiliated with the Mahindra Group has made a move by acquiring around 4% ownership, in RBL Bank through trades on the market. It appears that they are

Industry

July 26, 2023

QIA planning to put in $1 billion in Reliance Retail at a $100 bn valuation-thumnail

QIA planning to put in $1 billion in Reliance Retail at a $100 bn valuation

By Ayush Singh

It has been reported that the Qatar Investment Authority is currently engaged in discussions, with Reliance Retail regarding an investment that could range from $950 million to $1 billion.

Business

July 26, 2023

Minifeel, Mumbai based beauty start-up raises ₹3 crores in seed funding-thumnail

Minifeel, Mumbai based beauty start-up raises ₹3 crores in seed funding

By Ayush Singh

Minifeel, a start-up based in Mumbai has secured ₹3 crore, in seed funding with 100X.VC as the leading investor. The platform offers high-quality beauty products at reduced prices. Enables customers

News

July 26, 2023

Nissan Motor to invest $663 million in Renault SA’s electric venture-thumnail

Nissan Motor to invest $663 million in Renault SA’s electric venture

By Ayush Singh

Nissan Motor Co. and Renault SA have reached a crucial agreement to invest in the electric-vehicle venture, Ampere, concluding lengthy negotiations to stabilize their troubled automotive alliance.

Investment & Funding

July 26, 2023

Yatharth Hospital IPO opens for subscription from 28-30 July; price band at Rs. 285-300-thumnail

Yatharth Hospital IPO opens for subscription from 28-30 July; price band at Rs. 285-300

By Ayush Singh

Investors and analysts, in the pharmaceutical and healthcare sectors are showing interest in Yatharth Hospital IPO. The company has a history of success promising growth projections and strategic plans for expansion making it highly recommended to subscribe to their offering.

News

July 26, 2023

Intel and Ericsson join hands to manufacture custom 5G chips together-thumnail

Intel and Ericsson join hands to manufacture custom 5G chips together

By Ayush Singh

Intel and Ericsson join hands, the Swedish telecommunications gear maker, to develop a customized 5G networking chip.

Business

July 26, 2023

Open AI’s ChatGPT android version goes live; India is amongst the first to get access-thumnail

Open AI’s ChatGPT android version goes live; India is amongst the first to get access

By Ayush Singh

OpenAI’s ChatGPT android version, the AI chatbot has been. Is now available to users in various countries including India, Bangladesh, Brazil, and the United States. Preorders are also open for nations as part of their expansion plans.

Business

July 26, 2023

Thales, the largest defense electronics provider in Europe acquires U.S. cybersecurity company Imperva for $3.6 billion-thumnail

Thales, the largest defense electronics provider in Europe acquires U.S. cybersecurity company Imperva for $3.6 billion

By Ayush Singh

Thales, the defense electronics provider based in Europe is venturing into the field of cybersecurity through the acquisition of Imperva, a U.S. Company for a $3.6 billion. This strategic decision intends to strengthen their activities in cybersecurity expand their focus beyond defense operations and establish themselves as a global contender, in the realm of cyber warfare. The completion of this deal is expected by 2024.

Business

July 25, 2023

Gift Nifty witnesses record $8.5 billion single day trading on Monday-thumnail

Gift Nifty witnesses record $8.5 billion single day trading on Monday

By Ayush Singh

The NSE International Exchange (NSE IX) has achieved a milestone by trading, more than 214,000 contracts valued at $8.5 billion in GIFT Nifty derivatives. This signifies growth compared to their initial operations. The Connect arrangement has generated interest among investors worldwide providing them with access to a wide range of derivative contracts for 21 hours every day.

Business

July 25, 2023

Piramal Alternatives planning to raise $1.5 billion to invest in local high-yield companies-thumnail

Piramal Alternatives planning to raise $1.5 billion to invest in local high-yield companies

By Ayush Singh

Piramal Alternatives, a division of the Piramal Group headed by CEO Kalpesh Kikani has set a target to secure $1.5 billion, for investments, in credit within India’s high-yield companies. Given their history of funds and the rapid growth of India’s economy, they are actively looking for international investors to capitalize on the flourishing market.

Business

July 25, 2023

Whatsapp and Instagram back up after an hour-long outage affecting thousands-thumnail

Whatsapp and Instagram back up after an hour-long outage affecting thousands

By Ayush Singh

People, on media were relieved when Facebook, Threads, WhatsApp, and Instagram backed up after an hour-long outage affecting thousands. According to Downdetector.com than 14,000 Instagram users experienced issues along, with 7,000 Facebook users, 2,700 WhatsApp users, and 470 Threads users. This is the time Instagram has had an outage in the month but Meta Platforms has not provided any updates or statements regarding the situation.

Business

July 25, 2023

Microsoft AI Bing chatbot is to be introduced in Google Chrome and Safari as well-thumnail

Microsoft AI Bing chatbot is to be introduced in Google Chrome and Safari as well

By Ayush Singh

Microsofts AI-driven chatbot, Bing Chat is making its way onto platforms, like Google Chrome and Apples Safari expanding its reach beyond Microsoft browsers.

Artificial Intelligence

July 25, 2023

Twitter rebranding into “X” will cost Elon Musk billions in brand value-thumnail

Twitter rebranding into “X” will cost Elon Musk billions in brand value

By Ayush Singh

Elon Musks’ unexpected choice of Twitter rebranding into “X” and removing the known bird logo and “tweet” terminology resulted in a financial loss with an estimated impact of $4 20 billion, on brand value. As industry experts and branding agencies express their disapproval of this decision the platform now confronts the task of regaining its importance while embarking on objectives, under the “X” name.

Business

July 25, 2023

Reliance to invest $10 billion in data centers in partnership with Canada’s Brookfield Infrastructure & America’s Digital Realty-thumnail

Reliance to invest $10 billion in data centers in partnership with Canada’s Brookfield Infrastructure & America’s Digital Realty

By Ayush Singh

Reliance Industries in collaboration, with Brookfield Infrastructure, intends to allocate an amount of 10 billion rupees towards the establishment of data centers within India. This strategic endeavor aims to leverage the increasing need for infrastructure as more individuals join the community.

Business

July 25, 2023

Government approves 8.15% as EPFO interest rate for 2022-23-thumnail

Government approves 8.15% as EPFO interest rate for 2022-23

By Ayush Singh

The finance ministry of the Union has given its approval, for an interest rate of 8.15% on contributions made towards the fund for the year 2022 23. This decision, which

Indian Govt

July 24, 2023

Reliance Jio’s upcoming upgraded JioBook laptop to be launched on 31st July-thumnail

Reliance Jio’s upcoming upgraded JioBook laptop to be launched on 31st July

By Ayush Singh

Reliance Jio’s upcoming JioBook, expected to be released before July 31 is aimed at budget individuals seeking a laptop experience. It features 4G connectivity and an octa-core processor ensuring performance,

Industry

July 24, 2023

Motion G; Singapore-based AI-driven generative engineering platform raises $16 mn-thumnail

Motion G; Singapore-based AI-driven generative engineering platform raises $16 mn

By Ayush Singh

Motion G, a company based in Singapore recently secured $16 million, in funding through a funding round led by Episteme Inc. Their goal is to revolutionize the field of engineering by enhancing productivity through the use of machine learning, data science, AIGC, and digital twin technologies.

Artificial Intelligence

July 24, 2023

Byju’s financially stressed ed-tech firm vacates its largest office space in Bengaluru-thumnail

Byju’s financially stressed ed-tech firm vacates its largest office space in Bengaluru

By Ayush Singh

Byjus, the leading educational technology company, in India, has made a decision to downsize its office space in Bengaluru as a cost-cutting measure due to funding delays. Additionally, they have

Education

July 24, 2023

Bitcoin regains $30,000; traders await Fed’s rate hike decision on 27th July-thumnail

Bitcoin regains $30,000; traders await Fed’s rate hike decision on 27th July

By Ayush Singh

Cryptocurrency markets, in Asia, saw a mix of movements with Bitcoin bouncing above the US$30,000 support level before pulling while Ether climbed to US$1,900. Among the 10 cryptocurrencies, the Cardanos ADA token showed gains. The U.S. Investors are preparing for earnings reports. Keeping an eye on the rate hike during the Federal Reserves ‘ day meeting. The SEC’s ruling, on Ripple, is expected to face challenges. NFTs and U.S. Equity futures remained relatively stable in trading. The total market capitalization of cryptocurrencies reached US$1.20 trillion, accompanied by increased trading volume.

Business

July 24, 2023

Byju’s and group of creditors have agreed mutually to restructure $1.2 billion loan terms.-thumnail

Byju’s and group of creditors have agreed mutually to restructure $1.2 billion loan terms.

By Ayush Singh

Byjus, a startup, in the education technology sector based in India is currently experiencing difficulties as a consortium of lenders aims to reevaluate the terms of a loan $1.2 billion.

Business

July 24, 2023

Twitter bird logo to be replaced with “X” in a phased manner; interim “X” releases today says Elon Musk-thumnail

Twitter bird logo to be replaced with “X” in a phased manner; interim “X” releases today says Elon Musk

By Ayush Singh

After purchasing Twitter for $44 billion Elon Musk has revealed his intention to revamp the platform by replacing its bird logo with an “X”. This strategic move aims to draw in advertisers and boost revenue through the introduction of a subscription service.

Business

July 24, 2023

Bain Capital acquires 90% of Adani Capital and Adani Housing-thumnail

Bain Capital acquires 90% of Adani Capital and Adani Housing

By Ayush Singh

Bain Capital, an investment firm based in the United States has recently announced a deal to acquire a 90% majority ownership of Adani Capital and Adani Housing. This agreement involves purchasing all of the investments made by the Adani family in the company with the aim of expanding Adani Capitals’ lending capabilities.

Business

July 24, 2023

87,026 Indian have renounced their citizenship until June this year-thumnail

87,026 Indian have renounced their citizenship until June this year

By Ayush Singh

Indian External Affairs Minister S. Jaishankar revealed that until June this year, 87,026 Indians chose to renounce their citizenship, with a total of over 17.50 lakh people doing so since

News

July 22, 2023

Centre declines $1 billion proposal put forth by BYD Motors and Megha Engineering to EVs in India-thumnail

Centre declines $1 billion proposal put forth by BYD Motors and Megha Engineering to EVs in India

By Ayush Singh

In a twist, the Centre has declined the $1 billion proposal put forth by BYD Motors and Megha Engineering to establish an electric vehicle manufacturing facility, in India. The decision

Automation

July 22, 2023

Paytm reports 39.4 percent increase in revenue to Rs 2,341 crore in Q1 results-thumnail

Paytm reports 39.4 percent increase in revenue to Rs 2,341 crore in Q1 results

By Ayush Singh

Paytm, the payments company has shown growth, in Q1 with a remarkable 39.4% increase in revenue to Rs 2,341 crore. The company’s losses have also decreased by 45% highlighting its

Finance

July 22, 2023

Radhakishan Damani acquires Health and Glow in a ₹700- 750 crores deal-thumnail

Radhakishan Damani acquires Health and Glow in a ₹700- 750 crores deal

By Ayush Singh

Billionaire investor Radhakishan Damani, the founder of Avenue Supermarts has made an acquisition by purchasing Health and Glow a known beauty and personal care retail chain based in Bangalore. The

Business

July 21, 2023

Bain Capital to purchase a majority stake in Adani Capital at Rs. 1500 crore-thumnail

Bain Capital to purchase a majority stake in Adani Capital at Rs. 1500 crore

By Ayush Singh

Bain Capital is currently, at the forefront of the competition to acquire a majority stake in Adani Capital for an amount of Rs 1,500 crore. The Adani Group intends to divest from core businesses and utilize the funds to strengthen its core ventures. Adani Enterprises has received backing from a consortium led by SBI for its PVC project located at Mundra Port. The recent approval from a panel established by the Supreme Court has instilled confidence in Adani’s plans for expanding its business. However, the allegations made in the Hindenburg report have had an impact on share prices. Hindered Adani Enterprises plans, for a follow on public offer.

Business

July 21, 2023

PharmEasy’s parent company planning to raise Rs. 2000- 3000 crore through rights issue-thumnail

PharmEasy’s parent company planning to raise Rs. 2000- 3000 crore through rights issue

By Ayush Singh

PharmEasy’s parent company, API Holdings, has set its sights on generating capital through a rights issue valued between Rs 2,000 to Rs 3,000 crore. If current shareholders choose not to

Industry

July 18, 2023

Clarious ARBL Holding planning to offload its 14% stake in Amara Raja Batteries; shares fall 6%-thumnail

Clarious ARBL Holding planning to offload its 14% stake in Amara Raja Batteries; shares fall 6%

By Ayush Singh

This anticipated stake sale marks Clarios’ second retreat from Amara Raja in less than two years. In a previous instance, Clarios curtailed its shareholding by 10 percent, executing a substantial

News

July 18, 2023

OneCard and WintWealth eyeing NBFC license from RBI to venture into lending-thumnail

OneCard and WintWealth eyeing NBFC license from RBI to venture into lending

By Ayush Singh

Reports suggest that OneCard, a fintech unicorn, and WintWealth, an emerging startup, are both looking to obtain licenses as non-banking finance companies (NBFCs). This move will see them join the

News

July 18, 2023

Insurance startup RenewBuy raises $40 million in funding from Dai-ichi Life Holdings-thumnail

Insurance startup RenewBuy raises $40 million in funding from Dai-ichi Life Holdings

By Ayush Singh

As part of its ongoing Series D round, insurtech startup RenewBuy has successfully raised $40 million from Dai-ichi Life Holdings, Inc. This Indian company stands out for its ability to

News

July 18, 2023

JSPL planning to raise $3 billion from credit funds and foreign banks-thumnail

JSPL planning to raise $3 billion from credit funds and foreign banks

By Ayush Singh

JSPL, under the leadership of Naveen Jindal, is said to be engaging in discussions to secure funding of around $3 billion from credit funds and foreign banks. This capital infusion

Investment & Funding

July 17, 2023

Ashok Leyland secures Rs. 800 crore defense sector orders-thumnail

Ashok Leyland secures Rs. 800 crore defense sector orders

By Ayush Singh

Ashok Leyland, a company that specializes in manufacturing automobiles has recently been awarded defense contracts Rs 800 crore. These contracts involve the acquisition of the Field Artillery Tractor (FAT 4X4) and the Gun Towing Vehicle (GTV 6X6). These vehicles will play a role, in the government’s initiatives to promote manufacturing, in the defense sector.

Business

July 17, 2023

Shark Tank India’s famed Flatheads was acquired by Fashion startup Styched-thumnail

Shark Tank India’s famed Flatheads was acquired by Fashion startup Styched

By Ayush Singh

Youth fashion company Styched has strategically acquired casual sneaker startup Flatheads with the goal of solidifying its position, as a player in the fashion industry. Flatheads is known for its expertise, in sneakers while Styched operates with a unique approach that eliminates waste, inventory, and warehousing. This acquisition will bolster Styched’s sneaker collection. Broaden its reach in the market.

Business

July 17, 2023

Sheela Foam of Sleepwell Mattresses to acquire Kurlon Enterprises for Rs. 2,150 Cr-thumnail

Sheela Foam of Sleepwell Mattresses to acquire Kurlon Enterprises for Rs. 2,150 Cr

By Ayush Singh

In a twist, Sheela Foam Ltd has decided to acquire its competitor, Kurlon Enterprise Ltd in a transaction, at a reduced price of Rs 2,150 crore. This strategic move is aimed at enhancing Sheela Foam’s’ market presence and capitalizing on cost advantages, synergies, and improved access, to materials.

Business

July 17, 2023

Bain Capital is in advance talks with Adani Capital for acquisition at Rs. 1500 crore-thumnail

Bain Capital is in advance talks with Adani Capital for acquisition at Rs. 1500 crore

By Ayush Singh

According to reports private equity firms such, as Bain Capital are currently in discussions to acquire Adani Capital, the shadow bank owned by Gautam Adani. Adani is looking to sell off core businesses in order to concentrate on its core operations. Bain Capital is expected to offer around Rs 1,500 crore for the company, which has experienced growth, in its assets under management and has shown financial performance in the fiscal year 2023.

Business

July 17, 2023

Nissan Motor to make $725 million investment in Renault’s EV unit-thumnail

Nissan Motor to make $725 million investment in Renault’s EV unit

By Ayush Singh

According to the Japanese newspaper Yomiuri Shimbun, Nissan Motor is considering making an investment of around $725 million in Renault’s new electric vehicle unit. This potential investment could potentially aid

News

July 14, 2023

Mufti jeans brand owner Credo Brands Marketing Ltd files DHRP with SEBI for IPO-thumnail

Mufti jeans brand owner Credo Brands Marketing Ltd files DHRP with SEBI for IPO

By Ayush Singh

Credo Brands Marketing Ltd, renowned for its highly sought-after Mufti jeans brand has recently lodged preliminary documents for an initial public offering (IPO) in India. This proposed IPO entails a complete offer for sale by current shareholders and promoters. Noteworthy is the fact that the company commands a substantial market share in the men’s casual wear sector and boasts an extensive network of 1,773 touchpoints nationwide.

Business

July 14, 2023

BYD awaits approval for 1$ bn EV’s and batteries manufacturing unit-thumnail

BYD awaits approval for 1$ bn EV’s and batteries manufacturing unit

By Ayush Singh

BYD Co, a Chinese company has recently put forth a proposal to invest a substantial amount of $1 billion in the development of electric vehicles and batteries in India. In

Automotive

July 14, 2023

Myntra to support and mentor 200 D2C brands under its Rising Stars Program-thumnail

Myntra to support and mentor 200 D2C brands under its Rising Stars Program

By Ayush Singh

The Rising STARS program of Myntra seeks to foster the growth of 200 Direct to Consumer fashion and lifestyle brands in India. By providing these brands with valuable brand-building skills, heightened exposure, and strategic support. Myntra enables them to tap into India’s thriving digital market. It is estimated that this market will attract 400 450 million shoppers by 2027 presenting immense opportunities for expansion. Furthermore. The fashion D2C industry is projected to reach a value of $43.2 billion by 2025. With Myntras program. These brands are well-positioned to capitalize on such promising prospects.

Business

July 14, 2023

US federal court denies FTC’s request to block $69 Microsoft-Activision deal-thumnail

US federal court denies FTC’s request to block $69 Microsoft-Activision deal

By Ayush Singh

In an unexpected twist. A US federal court has declined the FTC’s request to halt Microsofts $69 billion acquisition of Activision Blizzard. This court ruling follows a previous favorable ruling

Business

July 14, 2023

India’s UPI is to be available in France soon at the Eiffel Tower site says PM Modi-thumnail

India’s UPI is to be available in France soon at the Eiffel Tower site says PM Modi

By Ayush Singh

Prime Minister Narendra Modi has declared the Unified Payments System (UPI) which has achieved great success in India and will now be launched in France. This groundbreaking step aims to provide Indian tourists with the opportunity to make payments in rupees without the hassle of forex cards or cash. UPIs ongoing progress is evident through its recent agreements with Singapore and France. And there are further plans to extend its services to the United States, Europe, and West Asia.

Business

July 14, 2023

Jio Financial Services to Join multiple FTSE indices on 20th July-thumnail

Jio Financial Services to Join multiple FTSE indices on 20th July

By Ayush Singh

Come July 20th, Jio Financial Services – a subsidiary of Reliance Industries Ltd – is poised to join multiple FTSE indices. As for when it will officially begin trading remains

Finance

July 14, 2023

Senco Gold’s, Jewellery retailer stock debut on bourses at a 35% premium-thumnail

Senco Gold’s, Jewellery retailer stock debut on bourses at a 35% premium

By Ayush Singh

The opening day of trading for Senco Golds’ stock on July 14th brought about considerable excitement with an impressive premium of 35.96%. This boost can be attributed to several factors

Finance

July 14, 2023

Foxconn in talks with TSMC, TMH to manufacture chips in India after Vedanta JV fallout-thumnail

Foxconn in talks with TSMC, TMH to manufacture chips in India after Vedanta JV fallout

By Ayush Singh

Foxconn is currently engaged in discussions with TSMC and TMH Group exploring the possibility of establishing a joint venture in India’s semiconductor sector. After their chip partnership with Vedanta Group

Industry

July 14, 2023

HDFC Bank becomes first to provide interoperability between UPI and CBDC-thumnail

HDFC Bank becomes first to provide interoperability between UPI and CBDC

By Ayush Singh

HDFC Bank, recognized as India’s largest private sector bank has accomplished an extraordinary feat by achieving interoperability between the United Payment Interface (UPI) and Central Bank Digital Currency (CBDC). Thanks

Finance

July 13, 2023

World’s largest climate fund makes it’s biggest water investment-thumnail

World’s largest climate fund makes it’s biggest water investment

By Ayush Singh

The largest global climate fund on the planet has taken a significant step forward by investing $235 million in a funding facility that will support water reuse in South Africa.

Insights

July 13, 2023

HCLTech to acquire 100% stake in German automotive services company for €251 million-thumnail

HCLTech to acquire 100% stake in German automotive services company for €251 million

By Ayush Singh

HCL Tech surprises the industry by acquiring ASAP Group, a renowned German automotive engineering services provider for a staggering €251 million. This unexpected collaboration seeks to expand ASAPs cutting-edge automotive technologies on a global scale reinforcing HCLTechs dedication to Germany. With great enthusiasm, both companies eagerly look forward to offering top-notch solutions to the worldwide automotive sector.

Business

July 13, 2023

Elon Musk unveils his new AI venture xAI to compete against existing LLMs-thumnail

Elon Musk unveils his new AI venture xAI to compete against existing LLMs

By Ayush Singh

Elon Musks’ latest endeavor xAI strives to uncover the enigmas of the cosmos utilizing artificial intelligence. Comprising a team of esteemed professionals hailing from prominent tech companies. They intend to

News

July 13, 2023

Indian Spacetech startups offering satellite launch services exempted from GST-thumnail

Indian Spacetech startups offering satellite launch services exempted from GST

By Ayush Singh

Minister of State (MoS) for Science and Technology Jitendra Singh emphasized the pivotal role played by the private sector in India’s space economy highlighting that there are now 140 Indian space tech startups operating in India, which is a significant achievement due to the country’s liberalized space policies.

Business

July 12, 2023

Future Enterprises receives bids from Reliance Retail Ventures, Jindal Group, and GBTL Ltd-thumnail

Future Enterprises receives bids from Reliance Retail Ventures, Jindal Group, and GBTL Ltd

By Ayush Singh

Amidst its corporate insolvency predicament, Future Enterprises has received resolution plans from Jindal (India) Ltd, Reliance Retail Ventures, and GBTL Ltd. It is worth noting that the burden of verified

Business

July 12, 2023

Gautam Adani to enter the bidding process for Anil Ambani’s coal power plant-thumnail

Gautam Adani to enter the bidding process for Anil Ambani’s coal power plant

By Ayush Singh

Gautam Adani to enter the bidding process for Anil Ambani’s coal power plant

Business

July 12, 2023

Nazara Technologies; a leading online gaming company sees the minimal impact of a 28% GST decision-thumnail

Nazara Technologies; a leading online gaming company sees the minimal impact of a 28% GST decision

By Ayush Singh

With regards to the latest ruling by the GST Council mandating a taxation rate of 28% on online gaming services, Nazara Technologies—a distinguished entity renowned for its expertise in both gaming and esports—confidently states that it foresees minimal impact.

Business

July 12, 2023

Utkarsh small finance bank raises 223 crores from anchor investors; IPO opens for Public-thumnail

Utkarsh small finance bank raises 223 crores from anchor investors; IPO opens for Public

By Ayush Singh

Utkarsh Small Finance Bank has successfully raised Rs 223 crore from anchor investors prior to its initial share sale.

Investment & Funding

July 12, 2023

Zepto to become 1st unicorn of 2023 after a $150 million Series E round-thumnail

Zepto to become 1st unicorn of 2023 after a $150 million Series E round

By Ayush Singh

Zepto is an Indian startup is on track to become the first unicorn of 2023 in the country. Thanks to an expected $150 million Series E funding round. Led by StepStone Group and supported by Nexus Venture Partners. This funding will elevate Zepto’s valuation to $1.3 billion. The swift commerce delivery startup has garnered recognition for its commitment to delivering groceries within 10 minutes.

Investment & Funding

July 12, 2023

Wipro launches AI-ecosystem ai360; to invest $1 billion over the next 3 years in AI solutions-thumnail

Wipro launches AI-ecosystem ai360; to invest $1 billion over the next 3 years in AI solutions

By Ayush Singh

Wipro ai360 represents Wipro’s commitment to an AI-centric ecosystem that seamlessly incorporates AI technology in all its platforms and client solutions. To achieve this Wipro has earmarked a significant $1

Business

July 12, 2023

Ashneer Grover; Ex Bharatpe MD lashes out at the government over 28% GST on online gaming companies-thumnail

Ashneer Grover; Ex Bharatpe MD lashes out at the government over 28% GST on online gaming companies

By Ayush Singh

Ashneer Grover, the former founder of BharatPe. This has raised concerns regarding the Indian government’s recent decision to impose a 28% tax on funds accumulated by online gaming companies. In

Business

July 12, 2023

Bain Capital and Carlyle Group bids for Adani capital-thumnail

Bain Capital and Carlyle Group bids for Adani capital

By Ayush Singh

Sources indicate that Bain Capital and Carlyle Group Inc., both reputed firms, find themselves among potential acquirers eyeing a controlling interest in Gautam Adani’s shadow bank, commonly referred to as Adani Capital. Motivated by a desire to minimize liabilities while increasing focus on existing enterprises, this vital move has been triggered after scrapping their initial public offering plans following detrimental allegations made by short sellers resulting in considerable erosion of market value.

Business

July 11, 2023

Godrej Aerospace is in talks with Airbus and Boeing to make and supply parts-thumnail

Godrej Aerospace is in talks with Airbus and Boeing to make and supply parts

By Ayush Singh

Godrej Aerospace is in talks with suppliers to Airbus and Boeing to manufacture aircraft parts amidst the surge in plane orders. The Indian company aims to meet the growing demand

Industry

July 11, 2023

Wadia Group is in talks with investors to form a joint bid for Go First-thumnail

Wadia Group is in talks with investors to form a joint bid for Go First

By Ayush Singh

Amidst ongoing challenges faced by Go First Airlines in resuming their operations, there is a focused effort by the Wadia Group towards finding suitable partners who can assist them in reclaiming ownership. These partnerships may come through joint bids involving financial investors who are presently engaging in discussions with the group after assessing Go First’s airworthiness status thoroughly. Furthermore, it should be acknowledged that former promoters Nusli Wadia and his family retain eligibility for participation in any forthcoming bidding processes related to this venture. Importantly, one must remember that engine issues were the primary reason behind Go First filing for bankruptcy.

Business

July 11, 2023

Tata Group becomes the first Indian iPhone manufacturing company; deal signup in August-thumnail

Tata Group becomes the first Indian iPhone manufacturing company; deal signup in August

By Ayush Singh

The continuous progress made by Tata Group seems poised for further consolidation with reports suggesting their imminent acquisition of a factory presently administered by Wistron Corp., an esteemed Apple supplier. Pertinently this factory represents a critical component in the intricate assembly procedures associated with iPhones and boasts an impressive valuation exceeding $600 million. Should this arrangement reach fruition Tata would secure their entry into the competitive realm of iPhone production thereby contributing significantly to India’s manufacturing sector. Furthermore. It would serve as a commendable feat for Apple. Allowing them to effectively diversify their supply chain in order to alleviate dependence on China.

Business

July 11, 2023

Government to invite financial bids for IDBI bank stake sale by december-thumnail

Government to invite financial bids for IDBI bank stake sale by december

By Ayush Singh

The government expects to invite financial bids for the strategic sale of IDBI Bank by December, aiming to generate around Rs 16,000 crore. The Department of Investment and Public Asset

Indian Govt

July 11, 2023

CarTrade tech shares gain 14% after Sobex Auto’s 100% acquisition from OLX-thumnail

CarTrade tech shares gain 14% after Sobex Auto’s 100% acquisition from OLX

By Ayush Singh

CarTrade Tech Ltd. witnessed a commendable increase in its stock price when it successfully acquired Sobek Auto India Pvt. Ltd., a prominent automotive digital platform from OLX India.

Automotive

July 11, 2023

UK to allocate 5% of their default pension funds for investment into unlisted startups-thumnail

UK to allocate 5% of their default pension funds for investment into unlisted startups

By Ayush Singh

The UK government’s proposed reforms were presented by Finance Minister Jeremy Hunt. Seek to unleash a substantial amount of money from pension funds. The goal is to stimulate investments in early-stage companies and ultimately bolster economic growth. Furthermore, these changes aim to enhance pensioners’ returns by giving them the opportunity to invest in unlisted startups.

Economy

July 11, 2023

Netweb Technologies IPO to open up for public subscription on 17th July-thumnail

Netweb Technologies IPO to open up for public subscription on 17th July

By Ayush Singh

Netweb Technologies India Ltd, a renowned provider of computing solutions is scheduled to launch its IPO on July 17. The IPO comprises a fresh issue along with an offer for sale by its existing promoters. Netweb has established itself as a reliable source for a diverse range of computing solutions and has consistently exhibited impressive financial performance. Additionally. Their eligibility for government schemes in India further strengthens their position in the market.

Business

July 11, 2023

Reliance Retail to become 100% promoter owned entity valuation at $149 bn-thumnail

Reliance Retail to become 100% promoter owned entity valuation at $149 bn

By Ayush Singh

Reliance Retail has made the decision to cancel its public shares, which places a value of $149 billion on Mukesh Ambanis’ retail business. This move impacts just 0.09% of the

News

July 8, 2023

India forex swells up by $1.9bn to bn 595.1bn says RBI data-thumnail

India forex swells up by $1.9bn to bn 595.1bn says RBI data

By Ayush Singh

India’s foreign exchange reserves rose by $1.9 billion to $595.1 billion as of June 30, according to Reserve Bank of India data. Foreign currency assets increased by $2.5 billion, while

Economy

July 8, 2023

Microsoft India head Anant Maheshwari resigns from the post-thumnail

Microsoft India head Anant Maheshwari resigns from the post

By Ayush Singh

Anant Maheshwari, the esteemed President of Microsoft India has made the decision to resign from his position in order to devote himself to new endeavors. Microsoft. Upon receiving his resignation.

Business

July 8, 2023

Drone destinations IPO opens today for the subscription-thumnail

Drone destinations IPO opens today for the subscription

By Ayush Singh

According to Avinash Gorakshkar, Head of Research at Profitmart Securities. He believes that the Drone Destination IPO is worth considering for investors. He points out that SME IPOs have been

News

July 7, 2023

Sourav Ganguly buys minority stake in Food delivery startup JustMyRoots-thumnail

Sourav Ganguly buys minority stake in Food delivery startup JustMyRoots

By Ayush Singh

Cricket legend Sourav Ganguly has recently become a proud part owner of the food delivery startup, JustMyRoots. In addition to his ownership stake Ganguly has also signed an endorsement deal

News

July 7, 2023

Samsung opens pre-reservation of Galaxy Z foldable at Rs. 2000 on Amazon and Flipkart-thumnail

Samsung opens pre-reservation of Galaxy Z foldable at Rs. 2000 on Amazon and Flipkart

By Ayush Singh

Samsung has pleasantly surprised customers in India by making pre-reservations available for the much-awaited Galaxy Z Flip and Fold foldable smartphones. To secure these devices. Customers only need to pay

News

July 7, 2023

Mr. Beast hits 1 million followers on newly launched Threads in 24 hours; a record-thumnail

Mr. Beast hits 1 million followers on newly launched Threads in 24 hours; a record

By Ayush Singh

In an impressive development, popular YouTube personality MrBeast attains the remarkable feat of being the inaugural individual to amass a million followers on the recently debuted Instagram Threads.

Business

July 7, 2023

Microsoft could join $3 trillion club propelled by AI offerings says Morgan Stanley-thumnail

Microsoft could join $3 trillion club propelled by AI offerings says Morgan Stanley

By Ayush Singh

Morgan Stanley analysts believe that Microsoft Corp. has the potential to join Apple Inc. in the exclusive club of stocks with a market capitalization surpassing $3 trillion. Fueled by advancements

News

July 7, 2023

IdeaForge Technology shares debut at 93% premium on stock market-thumnail

IdeaForge Technology shares debut at 93% premium on stock market

By Ayush Singh

IdeaForge Technology, India’s top drone manufacturer, had a remarkable market debut as its shares were listed at a considerable premium on both the NSE and BSE. At first, analysts suggested

Business

July 7, 2023

Twitter attorney threatens legal action against Meta over Thread launch-thumnail

Twitter attorney threatens legal action against Meta over Thread launch

By Ayush Singh

Metas’ recently launched app, Threads is at the center of a heated debate and possible legal proceedings initiated by Twitter. According to Twitter Meta engaged in unlawful behavior by employing

News

July 7, 2023

Meta’s Threads gains 30 million signups in 18 hours-thumnail

Meta’s Threads gains 30 million signups in 18 hours

By Ayush Singh

Threads currently enables users to share posts of considerable length at a maximum of 500 characters while also supporting captivating videos lasting up to an exciting five minutes. However, it

Entertainment

July 7, 2023

Adani Green planning to raise $1.5 bn in funding through QIP-thumnail

Adani Green planning to raise $1.5 bn in funding through QIP

By Ayush Singh

Indian billionaire Gautam Adanis’ company Adani Green Energy Ltd. is said to be considering raising around $1.5 billion in order to facilitate the conglomerates’ shift towards renewable energy. The board

Insights

July 6, 2023

Threads App touches the 10 mn sign-up milestone across 10 nations in 7 hours-thumnail

Threads App touches the 10 mn sign-up milestone across 10 nations in 7 hours

By Ayush Singh

Mark Zuckerberg company. Meta has recently introduced Threads, a new social media platform. In just seven hours after its launch Threads managed to attract an astonishing 10 million sign-ups. This

News

July 6, 2023

Tata Group discussing buying Temasek’s stake in Tata Play amidst IPO plans-thumnail

Tata Group discussing buying Temasek’s stake in Tata Play amidst IPO plans

By Ayush Singh

The Tata Group is currently contemplating a buyback of its stake in the content distribution platform from Temasek Holdings.

Business

July 6, 2023

Bluesky; a Twitter competitor raises $8 million in seed funding from Neo-thumnail

Bluesky; a Twitter competitor raises $8 million in seed funding from Neo

By Ayush Singh

Bluesky, a revolutionary decentralized social network protocol, has successfully secured a notable $8 million in seed funding and simultaneously introduced its inaugural paid service.

Investment & Funding

July 6, 2023

Faction of Investor seeks CEO BYJU Raveendran’s removal amid ongoing investigations-thumnail

Faction of Investor seeks CEO BYJU Raveendran’s removal amid ongoing investigations

By Ayush Singh

BYJU’S The well-known ed-tech startup. Is currently facing a period of uncertainty due to demands from investors for the removal of its founder and CEO. Byju Raveendran.

News

July 6, 2023

TCS planning to train 25000 associates on Microsoft Azure OpenAI -thumnail

TCS planning to train 25000 associates on Microsoft Azure OpenAI 

By Ayush Singh

Tata Consultancy Services (TCS) has recently unveiled an impressive initiative to provide training in Azure Open AI to 25,000 employees in order to better assist clients in embracing this cutting-edge technology.

Business

July 6, 2023

ChatGPT downloads see a fall of 9.7% in June ‘23 for the first time since the launch-thumnail

ChatGPT downloads see a fall of 9.7% in June ‘23 for the first time since the launch

By Ayush Singh

ChatGPT, the AI chatbot that captivate­d the world’s attention, expe­rienced a decline­ in website traffic and unique visitors for the­ first time in June. This data implies a possible­ saturation of interest and an increasing de­mand for real-time gene­rative AI. Furthermore, Ope­nAI’s revenue proje­ctions and market competition are also inve­stigated.

Business

July 6, 2023

Haier; Appliance and TV manufacturer to invest 1000 cr on India expansion plans-thumnail

Haier; Appliance and TV manufacturer to invest 1000 cr on India expansion plans

By Ayush Singh

Appliance manufacturer Haier has announced its plan to invest ₹1,000 crore in the next three years for manufacturing expansion and backward integration.

Investment & Funding

July 6, 2023

Reliance Jio to sign a $1.7 billion contract with Nokia for 5G network equipment-thumnail

Reliance Jio to sign a $1.7 billion contract with Nokia for 5G network equipment

By Ayush Singh

Reliance Jio Infocomm, a prominent telecom operator in India is on the verge of finalizing a significant contract worth $1.7 billion with Nokia for 5G network equipment. Alongside this deal, Jio is also set to strike a $2.1 billion agreement with Ericsson.

Business

July 6, 2023

Meta launches Threads; 2 million signups within 2 hours-thumnail

Meta launches Threads; 2 million signups within 2 hours

By Ayush Singh

Mark Zuckerbergs’ company Meta has recently introduced Threads, a new service that can be seen as a rival to Elon Musks’ Twitter. Just like Twitter. Threads permit users to share

Business

July 6, 2023

Indians for the first time emerged as leading travelers to the United States: IPK Int-thumnail

Indians for the first time emerged as leading travelers to the United States: IPK Int

By Ayush Singh

India has emerged as the leading source of inbound travelers to the United States, surpassing countries like China, South Korea, and Japan in 2022. To accommodate the growing tourism boom, the US plans to open two new consulates in Bengaluru and Ahmedabad.

News

July 5, 2023

Swiggy pilot testing Co-branded credit card with HDFC Bank & Mastercard-thumnail

Swiggy pilot testing Co-branded credit card with HDFC Bank & Mastercard

By Ayush Singh

Swiggy, a popular food delive­ry platform, is reportedly partnering with HDFC Bank to launch its own co-brande­d credit card. This move follows the footste­ps of other major Indian e-commerce­ players.

Business

July 5, 2023

Freakins, D2C denim fashion brand raises $4mn in seed funding round-thumnail

Freakins, D2C denim fashion brand raises $4mn in seed funding round

By Ayush Singh

Indian direct-to-consume­r denim brand Freakins has rece­ntly secured $4 million in see­d funding. The investment is le­d by Matrix Partners India and Blume Venture­s. These funds will be utilize­d to

Investment & Funding

July 5, 2023

Carl Zeiss India planning to invest 250 million euros for its new Vision lens factory in Bengaluru-thumnail

Carl Zeiss India planning to invest 250 million euros for its new Vision lens factory in Bengaluru

By Ayush Singh

Carl Zeiss India has announce­d plans to invest more than 250 million euros in the­ creation of its largest vision factory in Bengaluru. This state­-of-the-art facility is expecte­d to be finished by October 2024 and will bring re­markable advancements in le­ns production, with a potential sixfold increase. Its daily output alone­ will reach an impressive 260,000 le­nses.

Automotive

July 5, 2023

Micron Technology to start building a $2.75 bn semiconductor facility by August; production by 2024 end-thumnail

Micron Technology to start building a $2.75 bn semiconductor facility by August; production by 2024 end

By Ayush Singh

Next month. Micron Technology will begin the construction of a semiconductor assembly plant in Gujarat, India. This $2.75 billion project aims to produce microchips that are made in India by late 2024. Supported by the Indian government and the state of Gujarat. This endeavor is expected to generate up to 5,000 direct jobs in two phases. It is noteworthy that this action aligns with the US government’s initiative to encourage American chip companies to invest in India and expand their operations beyond China.

Business

July 5, 2023

IDFC First Bank and IDFC Ltd merger approved by the board; merger ratio 155:100; bank stocks fall 5%-thumnail

IDFC First Bank and IDFC Ltd merger approved by the board; merger ratio 155:100; bank stocks fall 5%

By Ayush Singh

IDFC First Bank has approved a me­rger with IDFC Ltd to simplify its corporate structure and e­nsure regulatory compliance. The­ merger ratio has bee­n set at 155:100, meaning that for eve­ry 100 shares of IDFC held by shareholde­rs, they will receive­ 155 shares of IDFC First Bank.

Business

July 4, 2023

Senco Gold’s IPO to open today; raises Rs. 121.4 cr from anchor investor-thumnail

Senco Gold’s IPO to open today; raises Rs. 121.4 cr from anchor investor

By Ayush Singh

The highly anticipated Rs 405-crore public issue is set to commence on July 4, boasting an enticing price band of Rs 301-317 per share. Investors have until July 6 to

Investment & Funding

July 4, 2023

JM financial credit fund achieves its first close at Rs. 600 cr; final close at ₹1,500 cr-thumnail

JM financial credit fund achieves its first close at Rs. 600 cr; final close at ₹1,500 cr

By Ayush Singh

JM Financial aims to secure a final close of the fund, including co-investments, at around ₹1,500 crores. As a testament to its confidence, the group has invested 10% of the capital as a sponsor commitment into the fund. The fund will primarily provide lending for scenarios where traditional banks face limitations, such as domestic acquisitions or partner buyouts.

Business

July 4, 2023

Pawan Hans : state-owned Helicopter company’s disinvestment called off on Monday-thumnail

Pawan Hans : state-owned Helicopter company’s disinvestment called off on Monday

By Ayush Singh

The decision came as a consequence of the disqualification of the winning bidder, Star9 Mobility, due to pending legal cases against them, introducing an element of perplexity to the situation.

News

July 4, 2023

Meta to launch Threads on 6th July; direct competition to Elon musk’s twitter-thumnail

Meta to launch Threads on 6th July; direct competition to Elon musk’s twitter

By Ayush Singh

Threads will enable users to share text-based posts, which can be liked, commented on, and shared. Remarkably, individuals will have the freedom to continue following the same accounts they cherish

New Launch

July 4, 2023

Reliance Jio unveils jio Bharat V2 phone at Rs. 999; beta trial starts on 7th July-thumnail

Reliance Jio unveils jio Bharat V2 phone at Rs. 999; beta trial starts on 7th July

By Ayush Singh

The V2 phone fully supports UPI payments through JioPay ensuring a seamless digital experience. Moreover, Jio users will gain access to JioCinema where movies, videos, and sports entertainment await their

News

July 4, 2023

Rebel Foods; is a cloud kitchen startup planning to enter the Saudi Arabia market-thumnail

Rebel Foods; is a cloud kitchen startup planning to enter the Saudi Arabia market

By Ayush Singh

In its relentless pursuit of greatness, Rebel Foods aspires to construct a formidable $100 Mn food delivery empire within the Saudi market over the next three years. As part of this ambitious strategy, the company plans to inaugurate an additional 60 stores in Riyadh alone, while simultaneously expanding its footprint to encompass other prominent cities such as Jeddah, Dammam, and Khobar.

Business

July 3, 2023

Study abroad platform Leverage Edu secures $40 million in series C funding round-thumnail

Study abroad platform Leverage Edu secures $40 million in series C funding round

By Ayush Singh

Founded in 2017 by Akshay Chaturvedi, Leverage Edu has established itself as a technology-driven counseling platform offering students a comprehensive one-stop dashboard to navigate their study abroad journey.

Investment & Funding

July 3, 2023

NDR Warehousing bags ₹500 crores in funding from Investcorp; planning InvIT as well-thumnail

NDR Warehousing bags ₹500 crores in funding from Investcorp; planning InvIT as well

By Ayush Singh

NDR Warehousing has taken a leap forward by filing a draft placement memorandum (DPM) with the Securities and Exchange Board of India (Sebi) to secure a hefty ₹1,165 crore through the InvIT. The primary purpose of these funds will be to repay construction-related loans. It is worth noting that this InvIT will be privately listed, signifying a groundbreaking milestone for a warehousing company. NDR Warehousing, a logistics infrastructure company, has struck a remarkable deal, bagging a staggering ₹500 crores in funding from Investcorp, an esteemed investor hailing from Bahrain. 

Investment & Funding

July 3, 2023

Dream11 wins bid for Indian cricket team sponsorship rights for 358 Cr-thumnail

Dream11 wins bid for Indian cricket team sponsorship rights for 358 Cr

By Ayush Singh

In a surprising turn of events, it has been reported that the prominent fantasy gaming platform, Dream11, has managed to secure the lead sponsor rights of the highly revered Indian cricket team for a whopping sum of INR 358 Cr. 

Business

July 1, 2023

Apple Inc. closes above the $3 trillion mark for the first time; the most valuable company globally-thumnail

Apple Inc. closes above the $3 trillion mark for the first time; the most valuable company globally

By Ayush Singh

This achievement follows a prior instance in January 2022 when Apple Inc. momentarily attained a $3 trillion market cap during intraday trading but narrowly missed sustaining it until the market closed.

Business

July 1, 2023

Reliance Jio in advanced talk to raise $1-1.5 billion from global banks-thumnail

Reliance Jio in advanced talk to raise $1-1.5 billion from global banks

By Ayush Singh

Reliance Jio Infocomm is reportedly engaged in advanced discussions with several major global banks to secure a substantial offshore syndicated loan worth approximately $1-1.5 billion (Rs 8,200-12,330 crore). 

Industry

July 1, 2023

HDFC Bank becomes the 2nd largest company in India; the 4th largest bank globally post-merger-thumnail

HDFC Bank becomes the 2nd largest company in India; the 4th largest bank globally post-merger

By Ayush Singh

In a staggering turn of events, HDFC Bank is set to secure its position as the fourth most valuable bank in the world, propelled by its merger with mortgage lender HDFC. This union will also propel the bank to become the second-largest company in India. 

Business

July 1, 2023

Chinese telecom giant ZTE to supply Rs. 200 cr worth of gear to Vodafone idea-thumnail

Chinese telecom giant ZTE to supply Rs. 200 cr worth of gear to Vodafone idea

By Ayush Singh

Chinese telecom giant ZTE, which reportedly received government approval, has been granted the opportunity to supply Vodafone Idea (Vi) with optical transmission equipment worth over Rs 200 crore for an extensive network upgrade project.

News

June 30, 2023

Reliance Capital lenders approve the acquisition proposal by Hinduja Group-thumnail

Reliance Capital lenders approve the acquisition proposal by Hinduja Group

By Ayush Singh

Astonishingly, lenders could potentially recover an impressive sum of over ₹10,000 crores, accounting for approximately 40% of verified claims, under the proposal presented by none other than IndusInd International Holdings Ltd (IIHL) of Hinduja Group.

Business

June 30, 2023

Upgrad in talks to acquire US-based ed-tech company Udacity at around $100 mn valuation-thumnail

Upgrad in talks to acquire US-based ed-tech company Udacity at around $100 mn valuation

By Ayush Singh

Upgrad has already made ten acquisitions, including Wolves India and Rekrut India, within the span of two years (2020-2022). The company raised $36.4 million through a rights issue in March 2023 from investors like Temasek and Screwvala. In June 2022, Upgrad secured $225 million in a new funding round, valuing the company at $2.25 billion. 

News

June 30, 2023

Indian stock indices Nifty and Sensx reaches all time high; Nifty touches 18,880 mark.-thumnail

Indian stock indices Nifty and Sensx reaches all time high; Nifty touches 18,880 mark.

By Ayush Singh

Deepak Jasani, the Head of Retail Research at HDFC Securities, remarked, “U.S. stocks concluded Tuesday on a positive note, primarily driven by the stellar performance of mega tech stocks. The

Business

June 28, 2023

Tata Sons challenges 1500 crore GST demand in High court on Docomo settlement.-thumnail

Tata Sons challenges 1500 crore GST demand in High court on Docomo settlement.

By Ayush Singh

During a personal hearing held on June 16, Tata Sons steadfastly asserted that the tax demand was baseless, arguing that no goods and services tax should be imposed on liquidated

Economy

June 28, 2023

Amazon to unveil 7th Prime day sale on 15th July; to see 45,000 new products launch-thumnail

Amazon to unveil 7th Prime day sale on 15th July; to see 45,000 new products launch

By Ayush Singh

Amazon India, the e-commerce behemoth, is gearing up to kick off its much-anticipated flagship sale event, Prime Day, commencing precisely at the stroke of midnight on July 15th and concluding

Business

June 28, 2023

World bank approves $200 million to increase and refoirm Himachal Pradesh’s Hydropower capacity.-thumnail

World bank approves $200 million to increase and refoirm Himachal Pradesh’s Hydropower capacity.

By Ayush Singh

In a statement released on a fine Wednesday, the World Bank declared that this substantial funding would play a pivotal role in empowering the state to fortify its renewable energy

Business

June 28, 2023

Scapia; Flipkart veteran Anil Goeteti’s travel credit card startup raises $9 million-thumnail

Scapia; Flipkart veteran Anil Goeteti’s travel credit card startup raises $9 million

By Ayush Singh

Over the past year, Scapia, headquartered in Bengaluru, had maintained a secretive stance but officially unveiled itself on June 15. The company proudly offers a co-branded credit card and an

Investment & Funding

June 28, 2023

Google to launch an accelerator program for government-backed ONDC-thumnail

Google to launch an accelerator program for government-backed ONDC

By Ayush Singh

The accelerator program entails Google offering its core infrastructure application programming interfaces (APIs) to ONDC participants as an open-source solution. Moreover, Google plans to provide retail search and generative AI

Business

June 28, 2023

Prosus reduces Byju’s valuation to 5.1 billion; rights off investment in ZestMoney to zero-thumnail

Prosus reduces Byju’s valuation to 5.1 billion; rights off investment in ZestMoney to zero

By Ayush Singh

The latest adjustment in the fair value of Prosus’ stake in Byju’s is a significant decrease, translating to an enterprise valuation of approximately $5.1 billion compared to the $22 billion

Business

June 28, 2023

TCS secures contract for operating government procurement portal, GeM-thumnail

TCS secures contract for operating government procurement portal, GeM

By Ayush Singh

According to government reports, GeM achieved a noteworthy milestone in the financial year 2022-23 (FY23) by surpassing the INR 2 Lakh Cr procurement mark. GeM, an initiative launched in August

Business

June 28, 2023

Epiq Capital successfully closes fund raising for Eqip Capital II with $225 mn in bank-thumnail

Epiq Capital successfully closes fund raising for Eqip Capital II with $225 mn in bank

By Ayush Singh

Epiq Capital, founded in April 2016 by the former managing director of Matrix Partners India, Navani, boasts an impressive portfolio including Lenskart, a unicorn in the eyewear industry, Dailyhunt, a

Finance

June 28, 2023

BluJ Aero raises $2.25 million in seed funding for electric aircraft manufacturing-thumnail

BluJ Aero raises $2.25 million in seed funding for electric aircraft manufacturing

By Ayush Singh

BluJ Aero, an aviation start-up, has successfully raised a whopping $2.25 million in seed funding to propel its ambitious plans of developing a revolutionary hybrid-electric VTOL aircraft.

Investment & Funding

June 27, 2023

World Bank grants $391 million in loans for the development of Assam and Tripura-thumnail

World Bank grants $391 million in loans for the development of Assam and Tripura

By Ayush Singh

In a momentous announcement on Monday, the World Bank rendered its seal of approval to bestow a staggering sum of USD 391 million in financing.

Finance

June 27, 2023

Digital India bill 2023 draft expected in next 15 days; to replace in next 15 days-thumnail

Digital India bill 2023 draft expected in next 15 days; to replace in next 15 days

By Ayush Singh

The much-anticipated Digital India Bill is expected to be unveiled by the government within the next fortnight, according to media reports on Tuesday. This proposed legislation is likely to incorporate provisions that mandate companies to disclose how they utilize user data. Furthermore, companies may be obligated to inform users about the processing of their data, with non-compliance resulting in severe penalties.

Digital Transformation

June 27, 2023

ASK group planning to raise $122 million for private equity fund-thumnail

ASK group planning to raise $122 million for private equity fund

By Ayush Singh

ASK Group is reportedly planning to raise a substantial sum of 10 billion rupees ($122 million) for its inaugural private credit fund, as revealed by individuals familiar with the matter.

Finance

June 27, 2023

Cyient DLM IPO opens for public subscription today; price range Rs. 250-265-thumnail

Cyient DLM IPO opens for public subscription today; price range Rs. 250-265

By Ayush Singh

Cyient DLM operates as an integrated electronic manufacturing service (EMS) and solutions provider, catering to the complete life cycle of products, including design, build, and maintenance.

Business

June 27, 2023

Meta launches Meta Quest+ a VR subscription for $7.99 per month-thumnail

Meta launches Meta Quest+ a VR subscription for $7.99 per month

By Ayush Singh

In an astonishing move on Monday, Meta introduced Meta Quest+, a VR subscription service. This service promises to transport users into a realm of immersive experiences by offering two mind-altering games every month; for $7.99 per month!

Business

June 27, 2023

BSNL and L&T signed an agreement to venture into the 5G private network market-thumnail

BSNL and L&T signed an agreement to venture into the 5G private network market

By Ayush Singh

BSNL, assuming the mantle of the official network provider, will work alongside LTTS to co-innovate and introduce private 5G connectivity solutions to the market. This partnership marks a significant milestone for LTTS, as it marks its inaugural entry into the 5G private network space.

Business

June 26, 2023

Epsilon Advanced Materials to invest $650 million in US-based electric battery unit-thumnail

Epsilon Advanced Materials to invest $650 million in US-based electric battery unit

By Ayush Singh

Epsilon Advanced Materials (EAM) has made a staggering announcement, revealing its plans to invest a mind-boggling $650 million in the establishment of an exceptional electric vehicle battery components facility within the United States. This visionary company aims to construct a state-of-the-art synthetic graphite anode manufacturing facility, boasting an impressive production capacity of 50,000 tons per annum (TPA). The primary goal of this facility will be to supply high-capacity anode materials, all of which will be produced using innovative green technologies.

Investment & Funding

June 26, 2023

Rohit Jawa to take over CEO & MD Hindustan Unilever tomorrow-thumnail

Rohit Jawa to take over CEO & MD Hindustan Unilever tomorrow

By Ayush Singh

Jawa’s leadership as chairman of Unilever Philippines propelled the business into the illustrious realm of being one of the top 10 markets for the multinational corporation. Similarly, during his tenure

News

June 26, 2023

Amitabh Bachchan ventures into AI; partner with Ikonz Studio-thumnail

Amitabh Bachchan ventures into AI; partner with Ikonz Studio

By Ayush Singh

Ikonz enjoys the backing of Village Global, a distinguished venture capital firm bolstered by the visionary support of luminaries such as Mark Zuckerberg, Bill Gates, Jeff Bezos, and Mike Bloomberg.

News

June 26, 2023

Shree Cement shares slump 10% on tax evasion reports-thumnail

Shree Cement shares slump 10% on tax evasion reports

By Ayush Singh

As per sources quoted by the media group it was claimed that Shree Cements had been diverting a substantial amount of Rs 1,200-1,400 crore annually through fraudulent means resulting in significant revenue losses for both the central and state governments. These losses were attributed to what was described as “fake agreements”.

Finance

June 26, 2023

Indian stock indices show a marginal rise during the morning trading session-thumnail

Indian stock indices show a marginal rise during the morning trading session

By Ayush Singh

Somber global cues have largely cast a shadow on market sentiment and encouraged profit-taking across various global markets, including India. It is worth noting that Indian stock indices reached their zenith last week, buoyed by encouraging economic indicators encompassing inflation, GDP, and investment outlook.

News

June 26, 2023

Bitcoin jumps to yearly high level amid BlackRock’s Bitcoin ETF plans-thumnail

Bitcoin jumps to yearly high level amid BlackRock’s Bitcoin ETF plans

By Ayush Singh

Bold moves managed to reignite the enthusiasm of investors who had been disenchanted due to a series of unfortunate incidents, including the sudden downfall of the FTX exchange towards the

Finance

June 24, 2023

IBM inches close to finalizing Appatio acquisition for a staggering $5 billion-thumnail

IBM inches close to finalizing Appatio acquisition for a staggering $5 billion

By Ayush Singh

Apptio had been taken private by Vista Equity Partners in 2018 for a considerably lower amount of $1.94 billion. The company specializes in providing cloud-based and hybrid business management software,

Finance

June 24, 2023

Google planning a global fintech operation center in GIFT City; Amazon promises $15 billion investment in India-thumnail

Google planning a global fintech operation center in GIFT City; Amazon promises $15 billion investment in India

By Ayush Singh.

Google, under Pichai’s astute guidance, unfurls its grand scheme to establish a global fintech operation center in none other than the dazzling GIFT City of Gujarat; Amazon Ceo Andrew promised

News

June 24, 2023

Power Ministry announces new electricity billing provisions-thumnail

Power Ministry announces new electricity billing provisions

By Ayush Singh

Consumers won’t have a fixed rate throughout the day, consumers will now be charged for electricity based on the time of day. The Ministry explained that the price of electricity

News

June 24, 2023

Apple to launch the Apple Card in partnership with HDFC Bank-thumnail

Apple to launch the Apple Card in partnership with HDFC Bank

By Ayush Singh

One of the primary reasons Apple may consider launching the Apple Card in India ahead of countries like Japan or European nations is its inability to accept card payments in India. The prevalent payment method for App Store purchases in India is the Unified Payments Interface (UPI) while services like iCloud storage and music rely on card payments. However, recent regulations by the RBI have mandated that third-party websites should not store card details and that all payment data must be stored exclusively on Indian servers. 

Business

June 23, 2023

Reliance Jio planning to raise a $1.6 billion loan for equipment purchases from Nokia-thumnail

Reliance Jio planning to raise a $1.6 billion loan for equipment purchases from Nokia

By Ayush Singh

Reliance Jio Infocomm Ltd., the esteemed Indian company, is reportedly engaged in discussions to secure a substantial loan of approximately $1.6 billion.

Business

June 23, 2023

Adani group stocks witnesses slump as US authorities start scrutiny-thumnail

Adani group stocks witnesses slump as US authorities start scrutiny

By Ayush Singh

Sources reveal that the US Attorney’s Office in Brooklyn, New York, has taken an active interest in this matter. In recent months, they have sent inquiries to institutional investors who hold significant stakes in the Indian conglomerate.

News

June 23, 2023

Deloitte and Key Board members resign from the ed-tech firm Byju’s-thumnail

Deloitte and Key Board members resign from the ed-tech firm Byju’s

By Ayush Singh

Ed-tech firm Byju’s, despite being a major beneficiary of the pandemic-induced surge in online learning, unexpectedly witnessed a decline in revenue for FY21.

Business

June 23, 2023

Vedanta planning to sell Tamil Nadu Copper Plant at a Rs. 4,500 crore valuation-thumnail

Vedanta planning to sell Tamil Nadu Copper Plant at a Rs. 4,500 crore valuation

By Ayush Singh

As of March 2023, VRL possesses $1.7 billion in short-term investments, encompassing various bank deposits, quoted bonds, and mutual funds. Experts at CreditSites speculate that these investments could be liquidated

Finance

June 22, 2023

Biden Administration to ease Visa norms for skilled worker as PM visits US-thumnail

Biden Administration to ease Visa norms for skilled worker as PM visits US

By Ayush Singh

Recognizing the need for comprehensive immigration policy reform, the Biden administration has been diligently working to improve visa accessibility for Indians. President Joe Biden aims to forge a stronger bond

COVID 19

June 22, 2023

Carlyle, an investment firm to offload its 2.53% enturestake in Delhivery-thumnail

Carlyle, an investment firm to offload its 2.53% enturestake in Delhivery

By Ayush Singh

Delhivery went public with its initial public offering (IPO) in May of the previous year. However, the stock has experienced a relatively subdued performance, declining by approximately 28%. In the

Industry

June 22, 2023

SoftBank shifting its strategy to offensive said Chairman and CEO Masayoshi Son-thumnail

SoftBank shifting its strategy to offensive said Chairman and CEO Masayoshi Son

By Ayush Singh

Vision Fund reported a substantial loss of $32 billion in May. However, Son’s primary focus remains on the AI revolution, which he believes will surpass human capabilities. SoftBank aims to

News

June 21, 2023

Blackstone planning to launch another IPO for its REIT amounting to up to $1 billion-thumnail

Blackstone planning to launch another IPO for its REIT amounting to up to $1 billion

By Ayush Singh

Blackstone has a proven track record of swiftly monetizing its real estate assets in India. In 2019, they launched Embassy Office Parks REIT, and a year later, they listed Mindspace Business Parks REIT in which they held a small stake that was subsequently sold off. The firm has also been preparing its mall portfolio for REIT conversion, successfully listing it this year.

News

June 21, 2023

Nio, a Chinese electric car company receives $738.5Mn from the Abu Dhabi government’s fund-thumnail

Nio, a Chinese electric car company receives $738.5Mn from the Abu Dhabi government’s fund

By Ayush Singh

Nio the Chinese electric Vehicle company has just revealed a substantial injection of fresh capital amounting to a staggering $738.5 million.

Business

June 21, 2023

ideaForge Technology; drone manufacturer’s IPO to open on 26th June-thumnail

ideaForge Technology; drone manufacturer’s IPO to open on 26th June

By Ayush Singh.

Subscription for the IPO is set to commence on June 26 and conclude on June 29, with the anchor book launch scheduled for a single day on June 23, 2023.

Manufacturing

June 21, 2023

Youtube unveils its shopping channel for live commerce in South Korea on 30th June-thumnail

Youtube unveils its shopping channel for live commerce in South Korea on 30th June

By Ayush Singh

On June 30, the Yonhap news agency announced that YouTube will introduce its first official retail channel for in-person transactions in South Korea.

Business

June 21, 2023

Singapore Soars as World’s Priciest City for Luxury Living: Julius Baer’s Lifestyle Index-thumnail

Singapore Soars as World’s Priciest City for Luxury Living: Julius Baer’s Lifestyle Index

By Ayush Singh

Research firm Julius Baer conducted its survey on high-net-worth individuals possessing bankable household assets amounting to $1 million or more, within the timeframe of February to March 2023. In a startling turn of events, Singapore has soared to the pinnacle of the rankings as the most exorbitant city in the world for opulent living.

News

June 20, 2023

“Revolutionizing the Skies: Suzuki and SkyDrive Join Forces to Build Flying Cars”-thumnail

“Revolutionizing the Skies: Suzuki and SkyDrive Join Forces to Build Flying Cars”

By Ayush Singh

The Japanese automaker Suzuki Motor Corp in a surprising strategic move on Tuesday announced that it has signed an agreement with SkyDrive Inc to start developing “flying cars.” This ambitious partnership will utilize a Suzuki Group factory located in central Japan, serving as the production hub for their upcoming electric vertical take-off and landing (eVTOL) aircraft.

Business

June 20, 2023

Norway’s Climate Investment Fund  to invest in India’s wind Energy sector-thumnail

Norway’s Climate Investment Fund  to invest in India’s wind Energy sector

By Ayush Singh

Initiated in July 2020, Norfund and Enel Green Power entered into a joint investment agreement focused on renewable energy projects in India. The partnership’s maiden project, the impressive 420 MW

Investment & Funding

June 20, 2023

HMA Agro ₹480 crore  IPO opens up for investors on Tuesday-thumnail

HMA Agro ₹480 crore  IPO opens up for investors on Tuesday

By Ayush Singh

HMA Agro Industries takes immense pride in being recognized as a foremost exporter of buffalo meat from India, commanding over 10 percent of the nation’s frozen buffalo meat exports.

Business

June 20, 2023

“Sanjay Dutt Ventures into Alcobev Startups: A Spirited Investment!”-thumnail

“Sanjay Dutt Ventures into Alcobev Startups: A Spirited Investment!”

By Ayush Singh

The country recently surpassed France as the UK’s largest Scotch whisky market in terms of volume, with imports experiencing a remarkable 60% surge in 2022 compared to the previous year,

Entertainment

June 20, 2023

PM Modi to meet Tesla CEO Elon Musk on his US state visit-thumnail

PM Modi to meet Tesla CEO Elon Musk on his US state visit

By Ayush Singh

Setting off this morning, the Prime Minister embarks on a prestigious State Visit to the United States, an honor typically reserved by Washington DC for its closest allies. The Prime

CXO Insight

June 20, 2023

“Adani Group planning to expands Lender Network for $3.8 Billion Loan Refinancing”-thumnail

“Adani Group planning to expands Lender Network for $3.8 Billion Loan Refinancing”

By Ayush Singh

It has been disclosed by these individuals that a majority of Adani’s present lenders, including the leading banks such as Standard Chartered, Barclays, and Deutsche Bank, are likely to partake

Industry

June 20, 2023

HDFC AMC Shares Surge 8% as Abrdn Exits, Garnering Rs 3,920.1 Crore-thumnail

HDFC AMC Shares Surge 8% as Abrdn Exits, Garnering Rs 3,920.1 Crore

By Ayush Singh

The transaction involved UK-based Abrdn selling off its entire 10.2% stake, which comprised a hefty 2.18 crore shares in HDFC AMC. The price agreed upon for this substantial holding amounted

News

June 20, 2023

“WhatsApp introduces Community Entry Point Feature for iOS Users; simplifying adding Members to groups”-thumnail

“WhatsApp introduces Community Entry Point Feature for iOS Users; simplifying adding Members to groups”

By Ayush Singh

Sources suggest that WhatsApp is working on a feature that will enable users to have multiple WhatsApp accounts on a single device. Currently, this is not possible, but with the

New Launch

June 19, 2023

Subsidiary Berkshire Hathaway acquires a stake in five Japanese trading firms-thumnail

Subsidiary Berkshire Hathaway acquires a stake in five Japanese trading firms

By Ayush Singh

In an intriguing turn of events, Berkshire Hathaway surprised the financial world on Monday by revealing that its wholly-owned subsidiary National Indemnity Company has significantly increased its stake in five prominent Japanese trading firms to an astonishing average of over 8.5%. These notable companies include Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo.

News

June 19, 2023

Electric aircraft maker Eve and Blade Air Mobility join hands to expand in Europe-thumnail

Electric aircraft maker Eve and Blade Air Mobility join hands to expand in Europe

By Ayush Singh

, Eve and Blade Air Mobility have announced an expansion of their partnership, setting their sights on integrating Eve’s highly anticipated flying car into Blade’s extensive European route network. This ambitious endeavor, which kicks off in France, marks another milestone for the companies that have already joined forces to utilize Eve’s electric vertical take-off and landing vehicles in India and the United States.

Business

June 19, 2023

Airbnb signs MoU with Ministry of Tourism to showcase India’s heritage stays and cultural tourism-thumnail

Airbnb signs MoU with Ministry of Tourism to showcase India’s heritage stays and cultural tourism

By Ayush Singh

This captivating collaboration aims to showcase India’s extraordinary heritage stays and invigorate cultural tourism. As part of the visionary ‘Visit India 2023’ initiative, Airbnb will become an enthusiastic partner to

News

June 19, 2023

Maersk introduces one country one price delivery solution in India-thumnail

Maersk introduces one country one price delivery solution in India

By Ayush Singh

The successful implementation of this solution relies on Maersk’s extensive warehousing facilities in multiple cities. The ‘One Country, One Price’ model presented by Maersk offers a comprehensive set of services

New Launch

June 19, 2023

Google-backed Adda 247 acquires Veeksha; a 3D experiential learning-based product-thumnail

Google-backed Adda 247 acquires Veeksha; a 3D experiential learning-based product

By Ayush Singh

Founded in 2016 by Nagar and Saurabh Bansal, Adda247 is an edtech startup that offers prep courses for exams in public sector banks, government departments, and the Indian Railways. The

Education

June 19, 2023

Asia markets witnessed a decline ahead of China’s loan prime rate decision-thumnail

Asia markets witnessed a decline ahead of China’s loan prime rate decision

By Ayush Singh

Looking ahead Asian investors eagerly await China’s loan prime rate decision scheduled for Tuesday. This follows the recent reduction of key lending rates by the world’s second-largest economy. The outcome of this decision holds significant importance for the financial landscape. In a rather tumultuous turn of events, the Asia markets experienced a predominantly downward trajectory on Monday.

Finance

June 19, 2023

Tiger Global backed Coinswitch planning a foray into the Indian stocks trading market-thumnail

Tiger Global backed Coinswitch planning a foray into the Indian stocks trading market

By Ayush Singh

Tiger Global backed Coinswitch planning a foray into the Indian stocks trading market

Business

June 19, 2023

Adani Capital is in talks with financial investors to sell a stake in the firm-thumnail

Adani Capital is in talks with financial investors to sell a stake in the firm

By Ayush Singh

As per FY23 financials Adani Capital, its loan book stood at ₹2,690 crore and net profit at ₹90.68 crore. It largely operates out of four business verticals – farm equipment loans, commercial vehicle loans, business loans, and supply chain finance. The lender also has a housing finance arm.

Business

June 19, 2023

Struggles and Uncertainty Plague Tiger Global’s Fundraising Endeavor Amidst Tech Valuation Woes-thumnail

Struggles and Uncertainty Plague Tiger Global’s Fundraising Endeavor Amidst Tech Valuation Woes

By Ayush Singh

Tiger Global, founded in 2001 by the visionary Chase Coleman, gradually emerged as one of the most prolific venture capital investors, providing crucial support to numerous start-ups over the past

Investment & Funding

June 17, 2023

“China Extends $1 Billion Aid to Cash-Strapped Pakistan Amid IMF Loan Uncertainty”-thumnail

“China Extends $1 Billion Aid to Cash-Strapped Pakistan Amid IMF Loan Uncertainty”

By Ayush Singh

Earlier, Finance Minister Ishaq Dar revealed that Pakistan had repaid USD 1 billion to China on the preceding Monday, offsetting a due amount of USD 1.3 billion. It was hoped

Investment & Funding

June 17, 2023

India-Egypt exploring possible trade in Indian Rupee and a line of credit to Cairo-thumnail

India-Egypt exploring possible trade in Indian Rupee and a line of credit to Cairo

By Ayush Singh

This proposal is part of a broader agreement that could potentially witness New Delhi extending a substantial credit line to Cairo, amounting to several billion dollars. Insider sources have hinted

News

June 17, 2023

“Jan Aushadhi: Affordable Medicine Stores Witness High Sales in Diabetes and Cardiovascular Drugs”-thumnail

“Jan Aushadhi: Affordable Medicine Stores Witness High Sales in Diabetes and Cardiovascular Drugs”

By Ayush Singh

“Government data reveals that Jan Aushadhi, the affordable medicine store in India, experiences significant sales from diabetes and cardiovascular drugs. With over 33% of total sales attributed to these conditions,

Business

June 17, 2023

Adani Digital Labs acquires an online train booking portal, Trainman-thumnail

Adani Digital Labs acquires an online train booking portal, Trainman

By Ayush Singh

AEL disclosed that its wholly-owned subsidiary, Adani Digital Labs Private Limited, inked a share purchase agreement to obtain a complete stake of 100 percent in Stark Enterprises Private Limited (SEPL), also known as Trainman.

Business

June 17, 2023

SoftBank Planning Profitable Exits from Paytm and Zomato Amidst Rising Stocks-thumnail

SoftBank Planning Profitable Exits from Paytm and Zomato Amidst Rising Stocks

By Ayush Singh

SoftBank holds an 11.17 percent stake in Paytm and 3.4 percent in Zomato. However, following the news of the potential stake sale, shares of One97 Communications declined by 1.5 percent, trading at Rs 878.50 apiece on the BSE. Zomato’s stock initially opened 0.8 percent higher on June 16 but later leveled off.

Business

June 16, 2023

“Intel Makes Historic $4.6 Billion Chip Investment in Poland, Unveiling Massive Expansion Plans in Europe”-thumnail

“Intel Makes Historic $4.6 Billion Chip Investment in Poland, Unveiling Massive Expansion Plans in Europe”

By Ayush Singh

Intel, with an extensive three-decade-long presence in Poland and an existing workforce of 4,000 employees, cited several factors that propelled their choice of Poland for this momentous venture. They commended

News

June 16, 2023

“Musashi Revs Up Electric Mobility in India, discloses ₹70 Crore Investment Plan!”-thumnail

“Musashi Revs Up Electric Mobility in India, discloses ₹70 Crore Investment Plan!”

By Ayush Singh

With its rich expertise in design and engineering, Musashi plans to leverage its capabilities to manufacture a new EV unit comprising a motor, PCU and gear box. The manufacturing of

New Launch

June 16, 2023

Defense ministry approves acquisition of 31 US-made MQ-9B SeaGuardian drones-thumnail

Defense ministry approves acquisition of 31 US-made MQ-9B SeaGuardian drones

By Ayush Singh

Whispers from insiders have spilt the beans that the defence ministry has given the nod for the procurement of MQ-9B SeaGuardian drones.

Business

June 16, 2023

India’s trade deficit touched $22.12 billion in May 2023-thumnail

India’s trade deficit touched $22.12 billion in May 2023

By Ayush Singh

Investments and Internal Trade (DPIIT) had devised a trading strategy to address the slowdown in the developed world, which is India’s major importer.

Business

June 16, 2023

IKIO Lighting lists on bourses at 37% premium; raises Rs. 606 Crores-thumnail

IKIO Lighting lists on bourses at 37% premium; raises Rs. 606 Crores

By Ayush Singh

IKIO Lighting dazzled investors on June 16, exceeding analysts’ predictions with a 37 percent surge above its issue price.

Investment & Funding

June 16, 2023

KKR’s subsidiary planning to acquire road infrastructure from PNC infratech in a $1.1 billion deal-thumnail

KKR’s subsidiary planning to acquire road infrastructure from PNC infratech in a $1.1 billion deal

By Ayush Singh

According to two insiders, if the transaction is completed, it will become the largest procurement of road projects by the private equity (PE) firm, headquartered in the United States, in

Finance

June 15, 2023

Sonam Kapoor signs talent representation agreement with film studio YRF-thumnail

Sonam Kapoor signs talent representation agreement with film studio YRF

By Ayush Singh

Sonam’s return will commence with two top-tier projects that are currently shrouded in secrecy. YRF Talent has stated that they will collaborate with Sonam to devise a disruptive brand identity

Entertainment

June 15, 2023

“US Federal Reserve Holds Rates Steady, Hints at Potential Future Increases to Tackle Inflation”-thumnail

“US Federal Reserve Holds Rates Steady, Hints at Potential Future Increases to Tackle Inflation”

By Ayush Singh

The US Federal Reserve clings to crucial interest rates but implies future rate booms to curb towering inflation. F

Finance

June 15, 2023

“Amazon Prime Lite: Affordable Membership with Two-Day Delivery and Prime Video Access”-thumnail

“Amazon Prime Lite: Affordable Membership with Two-Day Delivery and Prime Video Access”

By Ayush Singh

The Amazon Prime Lite service expedites delivery in two days, offering a morning delivery option for those willing to cough up extra cash. Members can bask in the glory of

Entertainment

June 15, 2023

Akasa Air to raise $75-100 Million Funding for Expansion; Jhunjhunwala Family to dilute Stake”-thumnail

Akasa Air to raise $75-100 Million Funding for Expansion; Jhunjhunwala Family to dilute Stake”

By Ayush Singh

Akasa Air, India’s youngest airline, is concocting a plan to amass a staggering $75-100 million by offering fresh shares to investors, according to insiders.

Investment & Funding

June 15, 2023

Music Publishers Sue Twitter for Enabling Copyright Violations and Refusing Licensing-thumnail

Music Publishers Sue Twitter for Enabling Copyright Violations and Refusing Licensing

By Ayush Singh

Music Publishers File $250 Million Lawsuit Against Twitter for Copyright Infringement, accusing the Platform of allowing users to post unlicensed music.

News

June 15, 2023

“Axis Bank’s Block Deals Shake Market: 0.6% Stake Worth Rs 2,178 Crore Exchanged Amidst Strong Financial Growth”-thumnail

“Axis Bank’s Block Deals Shake Market: 0.6% Stake Worth Rs 2,178 Crore Exchanged Amidst Strong Financial Growth”

By Ayush Singh

The Axis Bank underwent a series of block deals, transacting a 0.6 percent stake that unleashed the exchange of 2.25 crore shares, valued at a staggering Rs 2,178 crore.

Finance

June 15, 2023

TaxNodes Raises $1.6 Million in Seed Funding to Simplify Crypto Taxation and Compliance-thumnail

TaxNodes Raises $1.6 Million in Seed Funding to Simplify Crypto Taxation and Compliance

By Ayush Singh

TaxNodes, with its end-to-end solutions, has secured a whopping $1.6 million in seed funding to streamline the intricacies of crypto taxation and compliance. Notable investors from the web3 and wealth

Business

June 14, 2023

Government Urges E-commerce Firms to Combat “Dark Patterns” Through Self-Regulation-thumnail

Government Urges E-commerce Firms to Combat “Dark Patterns” Through Self-Regulation

By Ayush Singh

The government calls on e-commerce companies to tackle “dark patterns” by creating a self-regulatory framework. These exploitative practices manipulate consumers online, such as unauthorized cart additions and misleading pricing. If voluntary measures fail, the government may introduce regulations. Education and awareness are key to curbing such practices.

E-Commerce

June 14, 2023

Cabinet likely to approve PM PRANAM scheme in today’s meeting-thumnail

Cabinet likely to approve PM PRANAM scheme in today’s meeting

By Ayush Singh

“PM PRANAM revolutionizes agriculture by reducing chemical fertilizer usage. Incentivizing States and Union Territories, it promotes sustainable farming practices and alternative fertilizers. With estimated savings of ₹20,000 crore and a projected decrease of 45.78 LMT in fertilizer usage, it paves the way for a greener and more prosperous future.”

Indian Govt

June 14, 2023

“The Game-Changing Impact of AI Tools like ChatGPT on Businesses in the coming years”-thumnail

“The Game-Changing Impact of AI Tools like ChatGPT on Businesses in the coming years”

By Ayush Singh

The world of business is constantly evolving, and artificial intelligence (AI) tools like ChatGPT are at the forefront of this transformation. As a chatbot system powered by a large-scale neural

Technology

June 14, 2023

Google, OpenAI, and Anthropic Extend Early Access to AI Models for UK Government-thumnail

Google, OpenAI, and Anthropic Extend Early Access to AI Models for UK Government

By Ayush Singh

UK Prime Minister Rishi Sunak announces a £100 million expert task force and global AI safety summit during London Tech Week. Google DeepMind, OpenAI, and Anthropic offer support, while the

News

June 13, 2023

Blue Dart Announces Appointment of V N Iyer as Group CFO and Sudha Pai as CFO for Blue Dart Express Ltd-thumnail

Blue Dart Announces Appointment of V N Iyer as Group CFO and Sudha Pai as CFO for Blue Dart Express Ltd

By Ayush Singh

Blue Dart Logistics names Sudha Pai as CFO for Blue Dart Express Ltd. and V N Iyer as Group CFO. Iyer brings expertise in aviation finance, while Pai is a qualified cost accountant. The appointments aim to enhance financial leadership and drive strategic objectives in a digital world.

Business

June 13, 2023

AI Hype Raises Concerns of Tech Bubble Repeat-thumnail

AI Hype Raises Concerns of Tech Bubble Repeat

By Ayush Singh

The surge of capital into the artificial intelligence (AI) sector has drawn parallels to the dot-com era, raising concerns about a potential tech bubble. ESG funds heavily invested in tech are benefiting from AI’s growth, but experts urge caution and recommend selective investment strategies focusing on AI adopters and supporting industries.

News

June 13, 2023

ONDC Sets New Retail Order Record Despite Reduced Incentives, Collaborations Drive Demand-thumnail

ONDC Sets New Retail Order Record Despite Reduced Incentives, Collaborations Drive Demand

By Ayush Singh

ONDC achieves record-breaking retail orders of 30,000 despite reduced incentives, as collaborations between buyer and seller apps boost demand. Food and beverages dominate orders, with grocery purchases also present. Revised

E-Commerce

June 13, 2023

“OneWeb Aims to Launch Satellite Broadband Services in India, Seeks Spectrum Allocation Approval”-thumnail

“OneWeb Aims to Launch Satellite Broadband Services in India, Seeks Spectrum Allocation Approval”

By Ayush Singh

OneWeb

New Launch

June 13, 2023

“MRF Stock Price Crosses Rs 1 Lakh Mark as Company Reports Strong Q4 Results”-thumnail

“MRF Stock Price Crosses Rs 1 Lakh Mark as Company Reports Strong Q4 Results”

By Ayush Singh

“MRF’s share price reaches Rs 1 lakh milestone as it opens over 1% higher, backed by impressive Q4 results. The company’s consolidated profit after tax surged 86% YoY, while revenue

Industry

June 13, 2023

Mirae Global Invests INR 1,240 Cr in Indian Arm, Scaling up m.Stock and Driving Financial Innovation-thumnail

Mirae Global Invests INR 1,240 Cr in Indian Arm, Scaling up m.Stock and Driving Financial Innovation

By Ayush Singh

Mirae Global

Investment & Funding

June 13, 2023

SEBI Bans Essel Group Chairman and ZEEL CEO for Fund Misappropriation-thumnail

SEBI Bans Essel Group Chairman and ZEEL CEO for Fund Misappropriation

By Ayush Singh

SEBI bars Essel Group Chairman Subhash Chandra and ZEEL CEO Punit Goenka from directorial roles in listed companies. Investigations revealed their misuse of positions to divert funds for personal benefit.

News

June 13, 2023

“Philanthropic Billionaire George Soros Hands Over $25 Billion Empire to Son Alex-thumnail

“Philanthropic Billionaire George Soros Hands Over $25 Billion Empire to Son Alex

By Ayush Singh

“Billionaire George Soros entrusts his $25 billion empire to son Alex, highlighting a potentially influential role in US elections. The 92-year-old philanthropist, known for his significant donations to Democratic causes, addresses concerns over a potential return of Donald Trump. Soros’ decision sparks intrigue and speculation about the future of his vast financial and political influence.”

Business

June 12, 2023

BCCI Shares Initial Schedule for 2023 ODI World Cup, India-Pakistan Match at Narendra Modi Stadium-thumnail

BCCI Shares Initial Schedule for 2023 ODI World Cup, India-Pakistan Match at Narendra Modi Stadium

By Ayush Singh

BCCI’s initial draft schedule for the 2023 ODI World Cup reveals that the India-Pakistan match will be held at the Narendra Modi stadium in Ahmedabad on October 15. The final

News

June 12, 2023

“Crypto Market Stabilizes Following SEC Lawsuits Against Coinbase and Binance”-thumnail

“Crypto Market Stabilizes Following SEC Lawsuits Against Coinbase and Binance”

By Ayush Singh

“Crypto market shows signs of stabilization after a sharp sell-off triggered by SEC lawsuits against Coinbase and Binance. While some tokens continue to drop, the pace has slowed down, with

Finance

June 12, 2023

“The Podcast Revolution: Ears Up for a New Era of Conversations”-thumnail

“The Podcast Revolution: Ears Up for a New Era of Conversations”

By Ayush Singh

“Podcasts: Unleashing a Conversation Revolution. From solving crimes to providing platforms for rule-breaking, dive into the immersive world of podcasts. Discover the eclectic range of topics, captivating storytelling, and dedicated

Technology

June 10, 2023

Ola Electric Plans IPO, Aims to Raise $600M to $1B by year end; CEO starts lobbying-thumnail

Ola Electric Plans IPO, Aims to Raise $600M to $1B by year end; CEO starts lobbying

By Ayush Singh

Ola Electric, an Indian electric vehicle manufacturer, intends to launch an initial public offering (IPO) in late 2023, aiming to raise $600 million to $1 billion. CEO Bhavish Aggarwal will

News

June 10, 2023

“Twitter’s Payment Revolution: Verified Creators to Get Paid for Ads in Replies”-thumnail

“Twitter’s Payment Revolution: Verified Creators to Get Paid for Ads in Replies”

By Ayush Singh

Elon Musk reveals Twitter’s groundbreaking payment program for verified content creators, offering them compensation for ads within their replies. With an initial payment block of $5 million, the move aims to attract and retain advertisers on the platform. The announcement comes as Twitter faces advertising challenges under Musk’s ownership and prepares for new leadership.

New Launch

June 10, 2023

“DigiYatra Facility at Delhi’s IGI Airport’s T3 Offers Contactless Travel with Facial Recognition”-thumnail

“DigiYatra Facility at Delhi’s IGI Airport’s T3 Offers Contactless Travel with Facial Recognition”

By Ayush Singh

Delhi’s IGI Airport’s T3 (Terminal3) introduces a contactless travel experience with facial recognition through the DigiYatra facility. Passengers can now register in just one minute by scanning their boarding pass and face, eliminating the need for a mobile app. The initiative aims to provide hassle-free and seamless travel while enhancing security and saving passengers valuable time.

News

June 9, 2023

“Zomato Removes Controversial World Environment Day Ad After Backlash and Allegations of Caste Discrimination”-thumnail

“Zomato Removes Controversial World Environment Day Ad After Backlash and Allegations of Caste Discrimination”

By Ayush Singh

Foodtech giant Zomato faces backlash and accusations of caste discrimination for its ad featuring actor Aditya Lakhia. The controversial World Environment Day ad, highlighting plastic waste recycling, was taken down after users criticized it on social media. Zomato has a history of marketing controversies, adding to a trend of public disputes among Indian startups.

Marketing

June 9, 2023

“India’s First Pod Taxi Project Receives Green Light for Noida International Airport to Film City Route”-thumnail

“India’s First Pod Taxi Project Receives Green Light for Noida International Airport to Film City Route”

By Ayush Singh

“Uttar Pradesh’s PPP Bid Evaluation Committee has approved the groundbreaking project for India’s inaugural pod taxi system, connecting Noida International Airport and Film City. Tenders are set to be issued soon for the elevated corridor, which will feature 12 stations and an estimated cost of Rs 671 crore.”

Business

June 9, 2023

“Odisha Government Approves Rs 3,457 Crore Investment Proposals, Promises Job Creation”-thumnail

“Odisha Government Approves Rs 3,457 Crore Investment Proposals, Promises Job Creation”

By Ayush Singh

Odisha government greenlights investment proposals worth Rs 3,457 crore, generating employment for over 14,000 individuals. The approvals, granted at the State Level Single Window Clearance Authority (SLSWCA) meeting, include projects in sectors such as metal downstream, pharmaceuticals, food processing, cement, textiles, IT, and ESDM. Odisha cements its position as a top investment destination.

Business

June 9, 2023

“Transformation and Growth: Tata Group’s Strategic Shifts in the Last Year”-thumnail

“Transformation and Growth: Tata Group’s Strategic Shifts in the Last Year”

By Ayush Singh

Discover how Tata Group, one of India’s largest conglomerates, has undergone transformation and growth through strategic shifts in the past year. From restructuring its organization to embracing digital innovation, strengthening sustainability efforts, and ensuring supply chain resilience, Tata Group has adapted to the evolving business landscape. Explore key milestones such as the acquisition of Air India, the launch of the Nexon EV, and Tata Steel becoming debt-free. Witness how Tata Group is poised to lead in its chosen markets.

Business

June 8, 2023

WhatsApp to Introduce HD Photo Sharing Feature, Allowing Users to Send High-Definition Images-thumnail

WhatsApp to Introduce HD Photo Sharing Feature, Allowing Users to Send High-Definition Images

By Ayush Singh

WhatsApp is reportedly introducing HD Photo Sharing Feature allowing users to send high-definition photos. The feature, currently rolling out to Android and iOS beta versions, lets users choose the quality of the images they share. While minor compression still occurs, the update preserves the original dimensions of the photos.

New Launch

June 8, 2023

Lionel Messi Chooses Inter Miami Over Lucrative Saudi Arabia Deal-thumnail

Lionel Messi Chooses Inter Miami Over Lucrative Saudi Arabia Deal

By Ayush Singh

Lionel Messi has chosen to join Inter Miami in Major League Soccer, turning down a lucrative $400 million deal from Saudi Arabia. The move strengthens partnerships with Apple and Adidas while dealing a blow to Saudi Arabia’s sports ambitions. Miami prepares to host the World Cup as Messi ventures outside Europe for the first time.

Business

June 8, 2023

OpenAI CEO Sam Altman visiting India, Clarifies GPT5 Training Status-thumnail

OpenAI CEO Sam Altman visiting India, Clarifies GPT5 Training Status

By Ayush Singh

OpenAI CEO Sam Altman has revealed that the company is not currently training GPT5, the successor to GPT4, stating that there is still much work to be done. Altman emphasizes the need for safety audits and cautions against the rapid advancement of AI technology, addressing concerns raised by researchers and executives.

Business

June 8, 2023

“Thyssenkrupp AG’s marine arm and Mazagon Dock to Collaborate on Indian Navy Submarine Project, Expanding Military Equipment Sources”-thumnail

“Thyssenkrupp AG’s marine arm and Mazagon Dock to Collaborate on Indian Navy Submarine Project, Expanding Military Equipment Sources”

By Ayush Singh

European manufacturer, Thyssenkrupp AG’s marine arm and Mazagon Dock Shipbuilders Ltd. will jointly build submarines for the Indian navy, signaling India’s efforts to diversify its military equipment sources. The collaboration aims to reduce reliance on Russia and counter China’s assertiveness. Germany supports this move to bolster its strategic partnership with India and supply modern military gear.

Business

June 8, 2023

Meta Launches ‘Meta Verified’ Service in India, Expanding Subscription Bundle for Facebook and Instagram Accounts-thumnail

Meta Launches ‘Meta Verified’ Service in India, Expanding Subscription Bundle for Facebook and Instagram Accounts

By Ayush Singh

Social media giant Meta has launched its ‘Meta Verified’ service in India, extending verification features for Facebook and Instagram accounts. The subscription bundle offers impersonation protection, government ID verification, and account support. Priced at INR 699/month for iOS and Android users, Meta aims to expand access and tap into India’s vast social media market.

New Launch

June 8, 2023

“Cleantech Startup Proklean Technologies Raises $4M in Funding, Sets Sights on Global Expansion”-thumnail

“Cleantech Startup Proklean Technologies Raises $4M in Funding, Sets Sights on Global Expansion”

By Ayush Singh

Chennai-based cleantech startup Proklean Technologies secures $4M in funding from Raintree Family Office, fueling its R&D efforts and hiring initiatives. The funds will aid the company’s expansion into new markets,

Investment & Funding

June 8, 2023

Capillary Technologies Acquires Tenerity’s Digital Connect to Boost Loyalty Solutions-thumnail

Capillary Technologies Acquires Tenerity’s Digital Connect to Boost Loyalty Solutions

By Ayush Singh

Capillary Technologies bolsters loyalty solutions with the acquisition of Tenerity’s Digital Connect. The Bengaluru-based SaaS startup aims to strengthen its presence in the US and European markets by incorporating Digital Connect’s reward ecosystem. Capillary now offers a comprehensive suite of end-to-end intelligent loyalty solutions, cementing its position as a leader in the industry.

Business

June 8, 2023

Union Cabinet Approves Rs 89,047 Crore Revival Package for BSNL, Including 4G/5G Spectrum Allotment-thumnail

Union Cabinet Approves Rs 89,047 Crore Revival Package for BSNL, Including 4G/5G Spectrum Allotment

By Ayush Singh

The Union Cabinet has approved a third revival package for BSNL worth Rs 89,047 crore for BSNL, a debt-ridden telecom company in India. The package includes equity infusion for 4G/5G spectrum allotment, increasing BSNL’s authorized capital. The government aims to transform BSNL into a stable telecom service provider focused on providing connectivity in remote parts of the country.

Investment & Funding

June 7, 2023

IKIO Lighting IPO Receives Substantial Investor Interest, Oversubscribed 3.61 Times-thumnail

IKIO Lighting IPO Receives Substantial Investor Interest, Oversubscribed 3.61 Times

By Ayush Singh

IKIO Lighting’s IPO generates buzz, oversubscribed 3.61 times, with strong investor demand. LED solutions provider seeks to raise Rs 350 crore for debt repayment, new facility setup, and corporate purposes. A diverse customer base and integrated manufacturing infrastructure contribute to investor enthusiasm.

Finance

June 7, 2023

“Balasore Incident and Kavach: India’s Automatic Train Accident Protection System”-thumnail

“Balasore Incident and Kavach: India’s Automatic Train Accident Protection System”

By Ayush Singh

“Learn about Kavach, India’s Automatic Train Protection (ATP) system, developed to prevent train accidents caused by human error. With its advanced technology and comprehensive safety features, Kavach aims to monitor and control train speed, ensuring safe operations.

News

June 7, 2023

SEC Seeks Asset Freeze and Repatriation in Binance Case-thumnail

SEC Seeks Asset Freeze and Repatriation in Binance Case

By Ayush Singh

SEC Seeks Asset Freeze and Repatriation in Binance Case: The Securities and Exchange Commission (SEC) urgently seeks to halt Binance’s U.S. platform, freezing assets and repatriating customer funds. Alleging fraud and improper conduct, the SEC’s filing targets Binance’s founder and entities involved, aiming to safeguard assets and prevent evidence tampering.

Business

June 7, 2023

India Holds Back Tailor-Made Incentives for US-based electric car manufacturer Tesla-thumnail

India Holds Back Tailor-Made Incentives for US-based electric car manufacturer Tesla

By Ayush Singh

Indian government refrains from providing tailor-made incentives to Tesla, the US electric car manufacturer, but states have the freedom to offer concessions. Tesla is showing interest in building a complete supply chain in India. Currently, imported cars as completely built units attract customs duties ranging from 60% to 100%.

Automotive

June 7, 2023

SEC Files Lawsuit Against Coinbase, Alleging Unregistered Broker and Exchange Activities-thumnail

SEC Files Lawsuit Against Coinbase, Alleging Unregistered Broker and Exchange Activities

By Ayush Singh

SEC Files Lawsuit Against Coinbase for alleged unregistered broker and exchange activities, demanding a permanent halt. Coinbase’s shares fell 12% after the lawsuit, following a 9% drop due to charges against Binance. SEC claims Coinbase violated securities laws, while the company argues for transparent legislation instead of litigation

Business

June 7, 2023

“2070 Health Receives $30M Investment to Transform Indian Healthcare”-thumnail

“2070 Health Receives $30M Investment to Transform Indian Healthcare”

By Ayush Singh

India-based healthcare venture studio, 2070 Health, secures a substantial $30 million investment from W Health Ventures. The funding will drive innovation in healthcare, accelerating the development of groundbreaking companies that aim to make high-quality healthcare more accessible and affordable for one billion Indians.

Investment & Funding

June 7, 2023

Lentra Raises $27 Million in Extended Series B Round Led by MUFG Bank and Dharana Capital-thumnail

Lentra Raises $27 Million in Extended Series B Round Led by MUFG Bank and Dharana Capital

By Ayush Singh

Cloud-lending firm Lentra raises $27 million in an extended series B round led by MUFG Bank and Dharana Capital, bringing their total funding to $87 million. Lentra aims to empower lenders globally with its loan management system and expand its presence in Southeast Asia and the US.

Investment & Funding

June 7, 2023

RBI Announces VRRR Auction to Tackle Liquidity Surplus-thumnail

RBI Announces VRRR Auction to Tackle Liquidity Surplus

By Ayush Singh

RBI

Finance

June 6, 2023

Morgan Stanley Anticipates Temporary Earnings Dip for S&P 500 Companies in 2023, Followed by Strong Rebound in 2024-thumnail

Morgan Stanley Anticipates Temporary Earnings Dip for S&P 500 Companies in 2023, Followed by Strong Rebound in 2024

By Ayush Singh

“Morgan Stanley predicts 16% drop in S&P 500 profits in 2023, followed by a strong rebound in 2024 due to accommodative Federal Reserve policy. Wall Street Bank anticipates earnings to

Industry

June 6, 2023

Byju’s takes Legal Action Against TLB Lenders, challenges debt- repayment acceleration-thumnail

Byju’s takes Legal Action Against TLB Lenders, challenges debt- repayment acceleration

By Ayush Singh

Byju’s Battles TLB Lenders in Court, Takes on Redwood: Edtech giant Byju’s challenges the acceleration of a $1.2 billion loan, files a complaint and disqualifies Redwood. Amidst allegations, funding rounds, and delayed filings, the company remains resolute in its fight for fair treatment and seeks an amicable resolution.

Education

June 6, 2023

Apple Unveils New Mac Lineup: Introducing MacBook Air 15, Mac Studio, and Mac Pro, along with the Powerful M2 Ultra Chip-thumnail

Apple Unveils New Mac Lineup: Introducing MacBook Air 15, Mac Studio, and Mac Pro, along with the Powerful M2 Ultra Chip

By Ayush Singh

“Apple Unveils New Mac Marvels: MacBook Air 15, Mac Studio, and Mac Pro, Powered by Game-Changing M2 Ultra Chip! Experience brilliance with a 15.3-inch liquid retina screen, Thunderbolt ports, and Dolby Atmos sound. M2 Ultra combines two chips for unrivaled performance. Get ready to revolutionize your Mac experience!”

New Launch

June 6, 2023

“Byju’s Board approves IPO for Aakash Educational Services”-thumnail

“Byju’s Board approves IPO for Aakash Educational Services”

By Ayush Singh

Byju’s, the world’s leading ed-tech startup, has received approval from its board to proceed with the initial public offering (IPO) of its tutoring services division, Aakash Educational Services. Byju’s aims

News

June 5, 2023

Reserve Bank of India Monetary Policy Meeting Likely to Maintain Repo Rate at 6.50% as GDP Growth and Inflation Improve-thumnail

Reserve Bank of India Monetary Policy Meeting Likely to Maintain Repo Rate at 6.50% as GDP Growth and Inflation Improve

By Ayush Singh

Reserve Bank of India Monetary Policy Meeting Likely to Maintain Repo Rate at 6.50%, as indicated by a poll of economists. Factors contributing to this decision include higher-than-expected GDP growth, easing retail inflation, and the scaling down of rate hikes by central banks in advanced countries. The RBI’s focus on liquidity management and concerns about the impact of the monsoon on food inflation also play a role. Market participants are eagerly awaiting the RBI’s comments on these matters.

Finance

June 5, 2023

Saudi Arabia Announces Unilateral Oil Cut to Boost Crude Prices, Uncertain Demand Outlook Persists-thumnail

Saudi Arabia Announces Unilateral Oil Cut to Boost Crude Prices, Uncertain Demand Outlook Persists

By Ayush Singh

Saudi Arabia takes unilateral action to reduce oil supply, aiming to boost crude prices after previous OPEC+ cuts failed. Concerns over uncertain fuel demand persist due to economic weakness in the US and Europe, as well as China’s slower recovery. The decision reflects Saudi Arabia’s commitment to transparent and fair production targets. Lower oil prices have benefited global consumers, but the market remains uncertain about when the global economy will regain its thirst for fuel.

Business

June 5, 2023

IndiGo set to Finalize Deal for 500 Airbus A320 Jets, Poised to Make History in Aviation Industry-thumnail

IndiGo set to Finalize Deal for 500 Airbus A320 Jets, Poised to Make History in Aviation Industry

By Ayush Singh

IndiGo, India’s largest airline, is set to make aviation history with a potential deal for 500 Airbus A320 jets, surpassing previous records. The estimated $50 billion agreement, along with talks for wide-body jets, highlights the airline’s expansion plans amidst a rebound in India’s travel market. Find out more!”

Business

June 5, 2023

Byju’s Plans $40 Million Quarterly Interest Payment on Troublesome $1.2 Billion Loan-thumnail

Byju’s Plans $40 Million Quarterly Interest Payment on Troublesome $1.2 Billion Loan

By Ayush Singh

Discover the latest update on Byju’s, India’s most valuable startup, as Byju’s Plans $40 Million Quarterly Interest Payment on Troublesome $1.2 Billion Loan. Learn about the challenges faced by the ed-tech firm, its negotiations with creditors, and the potential consequences of default. Stay informed with this important financial news.

Finance

June 5, 2023

Tata Group to Invest Rs 13,000 Crore in Gujarat for Lithium-Ion Cell Manufacturing Facility-thumnail

Tata Group to Invest Rs 13,000 Crore in Gujarat for Lithium-Ion Cell Manufacturing Facility

By Ayush Singh

Tata Group plans to invest Rs 13,000 crore in Gujarat to establish a lithium-ion cell manufacturing unit with an initial capacity of 20-gigawatt hours. The move aligns with India’s push for electric mobility and aims to meet the growing demand for lithium-ion batteries.

Business

June 3, 2023

US Stocks Rose on Friday as the Labor Market Shows Signs of Moderating Wage Growth, Easing Rate Hike Concerns-thumnail

US Stocks Rose on Friday as the Labor Market Shows Signs of Moderating Wage Growth, Easing Rate Hike Concerns

By Ayush Singh

US stocks climbed higher as a labor market report showed slower wage growth, easing fears of a rate hike. The Nasdaq surged to a 13-month high and marked its best winning streak since January 2020. Unemployment rose, indicating easing labor market conditions.

News

June 3, 2023

IRDAI Transfers Sahara India Life Insurance Business to SBI Life Insurance-thumnail

IRDAI Transfers Sahara India Life Insurance Business to SBI Life Insurance

By Ayush Singh

IRDAI transfers Sahara India Life Insurance’s business to SBI Life due to financial and governance issues. SBI Life will assume the policy liabilities of SILIC, ensuring a smooth transition for its policyholders. SILIC’s deteriorating financial position and failure to comply with regulations necessitated the transfer.

News

June 3, 2023

Janus Henderson downgrades Investments in PharmEasy’s Parent Company, API Holdings to $2.7 billion-thumnail

Janus Henderson downgrades Investments in PharmEasy’s Parent Company, API Holdings to $2.7 billion

By Ayush Singh

Janus Henderson downgrades investments in PharmEasy’s parent company, API Holdings, to $2.7 billion, less than half its September 2021 valuation. Other investors, including Neuberger Berman, have also reduced their investments

Investment & Funding

June 2, 2023

Bank of Baroda Aims for Steady Growth; Capital Enhancement and Credit Expansion in Focus-thumnail

Bank of Baroda Aims for Steady Growth; Capital Enhancement and Credit Expansion in Focus

By Ayush Singh

Bank of Baroda Aims for Steady Growth; Capital Enhancement and Credit Expansion in Focus

Finance

June 2, 2023

Aurum PropTech Acquires Home Rental Startup NestAway for Rs. 90 Cr-thumnail

Aurum PropTech Acquires Home Rental Startup NestAway for Rs. 90 Cr

By Ayush Singh

Aurum PropTech Acquires Home Rental Startup NestAway for Rs. 90 Cr.

Investment & Funding

June 2, 2023

“Chennai’s Apollo Hospitals Plans to Raise $200 Million by Selling Stake in Apollo HealthCo”-thumnail

“Chennai’s Apollo Hospitals Plans to Raise $200 Million by Selling Stake in Apollo HealthCo”

By Ayush Singh

During the quarter, Apollo 24/7’s Gross Market Value (GMV) exceeded expectations, reaching ₹1,630 crore compared to the anticipated ₹1,500 crore. Chennai’s Apollo Hospitals plans to raise approximately $200 million in

Investment & Funding

June 2, 2023

US Senate Approves Fiscal Deal, Averts Debt Default Threat-thumnail

US Senate Approves Fiscal Deal, Averts Debt Default Threat

By Ayush Singh

The agreement extends the US borrowing limit until 2025 and imposes new restrictions on government spending for the next two years. This introduces greater fiscal policy constraints in the United

Finance

June 2, 2023

“Elon Musk Faces Insider Trading Accusations in Dogecoin Manipulation Lawsuit”-thumnail

“Elon Musk Faces Insider Trading Accusations in Dogecoin Manipulation Lawsuit”

By Ayush Singh

The investors specifically highlighted an incident in which Musk sold approximately $124 million worth of Dogecoin in April after he replaced Twitter’s blue bird logo with Dogecoin’s shiba inu dog

Investment & Funding

June 2, 2023

Unified Payment Interface (UPI) payments in May touched Rs.14.3 trillion in terms of value; a 2% rise compared to April   -thumnail

Unified Payment Interface (UPI) payments in May touched Rs.14.3 trillion in terms of value; a 2% rise compared to April   

By Ayush Singh

The rise comes at a time when the government is pushing to bring tax collection across various segments under digital payment. In March 2023, the figures stood at 8.68 billion

Business

June 1, 2023

House in the US passes debt-limit legislation ahead of 5th June default deadline-thumnail

House in the US passes debt-limit legislation ahead of 5th June default deadline

By Ayush Singh

The bill would eradicate the hurdle of another default crisis for the rest of Joe Biden’s term, suspending the debt ceiling until 1st January 2025. In exchange the democrats agreed

News

June 1, 2023

RIL to launch Ajio Street, a new marketplace for low-priced, longtail fashion items-thumnail

RIL to launch Ajio Street, a new marketplace for low-priced, longtail fashion items

By Ayush Singh

Under the zero-commission model, the platform would not charge sellers any commission. RIL to launch Ajio Street, a new marketplace for low-priced, longtail fashion items. Further, the e-commerce platform will

Business

April 4, 2023

Mumbai’s DMI Finance raises $400 Mn in the latest round led by Mitsubishi group-thumnail

Mumbai’s DMI Finance raises $400 Mn in the latest round led by Mitsubishi group

By Ayush Singh

Founded in 2008 by Shivashish Chatterjee and Yuvraja C Singh, DMI Finance is a pure-play digital lender with products including consumption, personal, and MSME loans. DMI Finance sources and services

Business

April 3, 2023

Ukraine-IMF reaches staff-level agreement over a $15.6 billion loan to the nation at war-thumnail

Ukraine-IMF reaches staff-level agreement over a $15.6 billion loan to the nation at war

By Ayush Singh

IMF staff forecasts for Ukraine’s economy this year range from a 3% contraction to a 1% expansion, after a slump of 30% in 2022. Ukraine-IMF reaches staff-level agreement over a

Finance

March 22, 2023

Microsoft considering building its own mobile games store for iPhones & Andriod-thumnail

Microsoft considering building its own mobile games store for iPhones & Andriod

By Ayush Singh

“Today, we can’t do that on mobile devices but we want to build towards a world that we think will be coming where those devices are opened up,“ added Spencer.

Business

March 21, 2023

Global Research firm Jefferies upgrades Bharti Airtel stock to “buy”-thumnail

Global Research firm Jefferies upgrades Bharti Airtel stock to “buy”

By Ayush Singh

According to Jefferies, the telecom major is likely to see 13 percent growth in its average revenue per user (ARPU) over FY23-25 and its share of the telecom market is

Business

March 10, 2023

<strong>Reliance Consumer products relaunches; FMCG flagship iconic beverage Campa</strong>-thumnail

Reliance Consumer products relaunches; FMCG flagship iconic beverage Campa

By Ayush Singh

The Campa portfolio will initially include Campa Cola, Campa Lemon, and Campa Orange in the sparkling beverage category,” the company said in its release. Reliance is launching Campa at a

Business

March 10, 2023

Twitter went down last night due to an internal change in API and under-staffing-thumnail

Twitter went down last night due to an internal change in API and under-staffing

By Ayush Singh

The company’s support account tweeted, “We made an internal change that had some unintended consequences.” The change in question was part of a project to shut down free access to

News

March 7, 2023

Meta Platforms Inc. is planning a fresh round of layoffs as soon as this week-thumnail

Meta Platforms Inc. is planning a fresh round of layoffs as soon as this week

By Ayush Singh

This phase of layoffs could be finalized in the next week, according to the people. Those working on the plan are hoping to have it ready before Chief Executive Officer

News

March 7, 2023

NSE removes Adani enterprise’s flagship entity Adani group-thumnail

NSE removes Adani enterprise’s flagship entity Adani group

By Ayush Singh

Ambuja Cements and Adani Ports were removed from the ASM framework on February 13. The listed entities of the Adani group suffered a hammering at the stock market since January

Business

March 7, 2023

Reliance Industries taps Hitesh Sethia; McLaren Strategic Ventures as CEO-thumnail

Reliance Industries taps Hitesh Sethia; McLaren Strategic Ventures as CEO

By Ayush Singh

Jio Financial “will be a technology-led business, delivering financial products digitally by leveraging the nationwide Omni channel presence of Reliance’s consumer businesses,” said Mukesh Ambani in a statement last year

Business

March 7, 2023

Ericsson pleads guilty to US Justice Department over bribery and falsifying records-thumnail

Ericsson pleads guilty to US Justice Department over bribery and falsifying records

By Ayush Singh

Ericsson was accused of drawing up fake contracts and invoices to pay third-party agents carrying out the bribes and then not properly accounting for the payments from 2000 to 2016.

News

March 4, 2023

Google took down 7500 Youtube channels involved in Coordinated influence operations-thumnail

Google took down 7500 Youtube channels involved in Coordinated influence operations

By Ayush Singh

Google took down more than 7,500 YouTube channels in Q1 2023 as part of its investigation into coordinated influence operations and terminated 6,285 YouTube channels and 52 Blogger blogs alone

Business

March 4, 2023

RBI penalizes Amazon Pay(India) for non-compliance with PPIs norms-thumnail

RBI penalizes Amazon Pay(India) for non-compliance with PPIs norms

By Ayush Singh

According to industry sources, fintech players including Amazon Pay were told by RBI in 2017 to normalize video KYC instead of doing it physically by going door to door. They

Finance

March 4, 2023

Boutique, a US-based investment firm, infuses Rs. 15,446 crores in the Adani group-thumnail

Boutique, a US-based investment firm, infuses Rs. 15,446 crores in the Adani group

By Ayush Singh

The sale of shares included Adani Enterprises worth Rs 5,460 crore, Adani Ports & SEZ worth Rs 5,282 crore, Adani Green Energy worth Rs 2,806 crore, and electricity distributor Adani

Business

March 3, 2023

Citigroup Inc laying off less than 1% of its workforce; in line with peers-thumnail

Citigroup Inc laying off less than 1% of its workforce; in line with peers

By Ayush Singh

The latest move comes after other major Wall Street banks such as Goldman Sachs and Morgan Stanley cut thousands of jobs after a tough year for dealmaking activity, as recessionary

Industry

March 3, 2023

SoftBank sells shares worth Rs. 954 crores in Delhivery in a bulk deal-thumnail

SoftBank sells shares worth Rs. 954 crores in Delhivery in a bulk deal

By Ayush Singh

With these sales, SoftBank has pared down its stake in Delhivery to around 14 percent and Tiger Global to 2.98 percent. SoftBank has sold shares worth Rs 954 crore in

Business

March 2, 2023

Delhi-based electric vehicle cab service provider Evera raises $7 Mn in funding-thumnail

Delhi-based electric vehicle cab service provider Evera raises $7 Mn in funding

By Ayush Singh.

Founded in 2019 by Nimish Trivedi, Rajeev Tiwari, and Vikas Bansal, Evera is a homegrown all-electric cab service provider that caters to customers across B2C and B2B segments. Delhi-based electric

Business

March 2, 2023

Joe Biden nominates Ex-Mastercard CEO Ajay Banga to head World bank-thumnail

Joe Biden nominates Ex-Mastercard CEO Ajay Banga to head World bank

By Ayush Singh

Barring any last-minute challenges, Biden’s nomination of Banga, now a U.S. citizen, all but assures he will assume a job that oversees billions of dollars of funding to help developing

News

March 2, 2023

<strong>Union cabinet gives nod to purchase of 70 HTT-40 trainer aircraft from HAL</strong>-thumnail

Union cabinet gives nod to purchase of 70 HTT-40 trainer aircraft from HAL

By Ayush Singh

The HTT-40 is a turboprop aircraft, designed to have good low-speed handling for better training effectiveness. This fully aerobatic, tandem-seat, turbo trainer has an air-conditioned cockpit, modern avionics, hot refueling,

Business

March 2, 2023

Jack Dorsey former CEO back launches the beta version of Twitter alternative Bluesky-thumnail

Jack Dorsey former CEO back launches the beta version of Twitter alternative Bluesky

By Ayush Singh

The Bluesky project originated with Twitter in 2019, but the company was established in 2022 as an independent company focused on decentralized social network R&D. After leaving Twitter, Dorsey spoke

Industry

March 1, 2023

Apple becomes largest blue-collar job creator in India: Sources-thumnail

Apple becomes largest blue-collar job creator in India: Sources

By Ayush Singh

Apple has committed to making India one of its largest manufacturing hubs outside of China. Recently, Union Minister of Commerce Piyush Goyal said Apple is set to increase its production

Business

March 1, 2023

Axis bank acquires Citibank India’s consumer business and Citicorp Finance (India)-thumnail

Axis bank acquires Citibank India’s consumer business and Citicorp Finance (India)

By Ayush Singh

The cash consideration for the acquisition based on the contracted computation of the closing position of assets, assets under management, and liabilities as on January 31, 2023, stands at Rs

Finance

March 1, 2023

CEO of Chegg Dan Rosensweig joins upGrad’s Board-thumnail

CEO of Chegg Dan Rosensweig joins upGrad’s Board

By Ayush Singh

To date, upGrade has touched over 7 million learners across 100 countries. With over 25 offline offices, upGrad is present across multiple cities in India, San Francisco, Washington DC, London,

Business

March 1, 2023

Foodtech giant Zomato approaches restaurant chain seeking commission increase-thumnail

Foodtech giant Zomato approaches restaurant chain seeking commission increase

By Ayush Singh

Zomato and its rival Swiggy have been at arms with restaurant partners since 2020, with the latter alleging that the aggregators offer deep discounts to boost their customer base, making

Business

February 27, 2023

Amid the widening trade deficit with Russia; no payments in Rupee so far-thumnail

Amid the widening trade deficit with Russia; no payments in Rupee so far

By Ayush Singh

Russia is now the biggest supplier of crude oil to India overtaking Iraq and Saudi Arabia. In December, the South Asian nation bought 1.2 million barrels of crude from Russia

Finance

February 14, 2023

Adani group appoints accountancy firm Grant Thornton for independent Audit-thumnail

Adani group appoints accountancy firm Grant Thornton for independent Audit

By Ayush Singh

Grant Thornton has been hired to conduct independent audits of some Adani Group companies, said the sources. Grant Thornton would look at whether related-party transactions at the Adani Group complied

Business

February 14, 2023

Payment in Indian rupees is on the table amidst talks between GAIL-Novatek for LNG supply-thumnail

Payment in Indian rupees is on the table amidst talks between GAIL-Novatek for LNG supply

By Ayush Singh

Three industry sources said last week that Novatek was close to a deal to supply gas to GAIL as it seeks alternative markets in Europe. Mikhelson said Novatek was talking

Business

February 7, 2023

Google to launch soon AI equivalent of ChatGPT “Bard” for selected testers-thumnail

Google to launch soon AI equivalent of ChatGPT “Bard” for selected testers

By Ayush Singh

Google engineers working on artificial intelligence technology has been asked to prioritize working on a response to ChatGPT. Bard had been a service being developed under a project called Atlas

News

February 7, 2023

Sam Bankman $700 million to be seized if found guilty in FTX fraud case-thumnail

Sam Bankman $700 million to be seized if found guilty in FTX fraud case

By Ayush Singh

Bankman-Fried has pleaded not guilty to an eight-count indictment, including fraud and campaign finance law violations. He is accused of using FTX customer funds to prop up trading at Alameda

Finance

January 21, 2023

Foodtech company Swiggy fires 380 employees amid a touch VC market-thumnail

Foodtech company Swiggy fires 380 employees amid a touch VC market

By Ayush Singh

“We’re implementing a very difficult decision to reduce the size of our team as a part of a restructuring exercise.  In this process, we will be bidding goodbye to 380

E-Commerce

January 20, 2023

Hindustan Zinc acquires Zinc business from Vedanta; HZL shares dips 9%-thumnail

Hindustan Zinc acquires Zinc business from Vedanta; HZL shares dips 9%

By Ayush Singh

“The board has approved the subscription to equity shares of THL Zinc Limited, Mauritius through HZL’s wholly owned subsidiary to be incorporated overseas for a cash consideration not exceeding $

Industry

January 20, 2023

<strong>Orios Venture Partners writes down investment in beleaguered GoMechanic</strong>-thumnail

Orios Venture Partners writes down investment in beleaguered GoMechanic

By Ayush Singh

There are many aspects which make GoMechanic’s financials look unreliable. For instance, in its FY21 financials, the startup reported a loss of INR 27.4 Cr. However, the same loss increased

Business

January 20, 2023

Adani Enterprises 20,000 crore follow-on public issue to open on January 27-thumnail

Adani Enterprises 20,000 crore follow-on public issue to open on January 27

By Ayush Singh

The price band has been fixed at Rs 3,112-3,276 per share, indicating a discount of 15 percent at the lower end to 18 January’s market close. Rs 64 discount has

Business

January 19, 2023

Microsoft to reduce its workforce by 5% in the 3rd quarter of FY23-thumnail

Microsoft to reduce its workforce by 5% in the 3rd quarter of FY23

By Ayush Singh

Microsoft will take a $1.2 billion charge in Q2 related to severance costs, changes to hardware portfolio, and the cost of lease consolidation as it creates higher density across workspaces,

News

January 19, 2023

India surpasses China to become the world’s most populous nation-thumnail

India surpasses China to become the world’s most populous nation

By Ayush Singh

The United Nations had expected the milestone to be reached later this year. As of Jan. 18, India’s population had already climbed to 1.423 billion, according to WPR. Another estimate

News

January 18, 2023

Amazon regains its position as the most valuable brand in the world at $299.3 billion-thumnail

Amazon regains its position as the most valuable brand in the world at $299.3 billion

By Ayush Singh

According to brand valuation consultancy Brand Finance’s report, “Global 500 2023”, while Amazon is back at No 1, its brand value has fallen by over $50 billion this year, with

E-Commerce

January 18, 2023

Saab ends the partnership with Adani Group to manufacture  Gripen E fighter in India-thumnail

Saab ends the partnership with Adani Group to manufacture  Gripen E fighter in India

By Ayush Singh

Saab is one of seven global aerospace giants that are competing in the tender, estimated to be worth over Rs 60,000-70,000 crore for 114 medium multirole fighter aircraft for the

Industry

January 17, 2023

Government notifies INR 2,600 Cr worth of incentives for digital payments-thumnail

Government notifies INR 2,600 Cr worth of incentives for digital payments

By Ayush Singh

This is not the first time that the centre has set aside funds for this reason. Before this, the government had provisioned INR 1,300 Cr for incentivizing RuPay debit cards

Finance

January 17, 2023

<strong>Sharechat and Moj’s parent Mohalla Tech private Ltd. laysoff another 500 employees</strong>-thumnail

Sharechat and Moj’s parent Mohalla Tech private Ltd. laysoff another 500 employees

By Ayush Singh

The Sharechat and Moj parent has raised $1.4 Bn from investors such as Times Group, Google, Tiger Global, LightSpeed, Twitter, Temasek, and Moore Strategic Ventures, among others. The startup’s last

News

January 16, 2023

SMBC Bank and Oaktree Capital Management submits EoI in IDBI stake sale-thumnail

SMBC Bank and Oaktree Capital Management submits EoI in IDBI stake sale

By Ayush Singh

The IDBI Bank stake sale is underway and is likely to be completed in the next fiscal. The government will offload 30.48 percent of its stake in the bank and

News

January 16, 2023

Fractal Growth Partners; a new India-focused venture fund aims to raise $250 million-thumnail

Fractal Growth Partners; a new India-focused venture fund aims to raise $250 million

By Ayush Singh

The new venture capital fund, Fractal Growth Partners, was co-founded by Ajay Candade, who until recently led KKR’s growth tech business in India, and Nikhil Balaraman, who was previously head

Finance

January 16, 2023

<strong>Dallas and Hyderabad-based VC firm DVC announces first close of INR 350 Cr India fund.</strong>-thumnail

Dallas and Hyderabad-based VC firm DVC announces first close of INR 350 Cr India fund.

By Ayush Singh

The fund has so far invested in five homegrown enterprise tech startups over the past 12-14 months. These include upskilling platform Disprz, anti-money laundering startup IntelleWings, transaction monitoring platform VuNet,

Investment & Funding

January 14, 2023

<strong>Bitcoin surged as much as 7.5% to $21,299 amid cooling inflation reports.</strong>-thumnail

Bitcoin surged as much as 7.5% to $21,299 amid cooling inflation reports.

By Ayush Singh

The gains came amid a report on consumer prices last week that showed inflation declining in January from December levels. The Federal Reserve is on track to downshift to smaller

Finance

January 14, 2023

Chinese carmaker BYD Co. to invest $245 million in India as part of India expansion plans-thumnail

Chinese carmaker BYD Co. to invest $245 million in India as part of India expansion plans

By Ayush Singh

BYD, which entered India in 2007, will launch its third electric model, the Seal luxury sedan, by the last quarter of 2023, Gopalakrishnan said. It introduced its first EV, the

News

January 12, 2023

Edtech platform raises Rs. 160 Cr in debt funding post layoff-thumnail

Edtech platform raises Rs. 160 Cr in debt funding post layoff

By Ayush Singh

Founded in 2012 by Mehta and Smita Deorah, LEAD operates at the intersection of technology and pedagogy to operate an integrated teaching and learning system.  It claims to offer its

News

January 12, 2023

India’s passport at 85th spot on the powerful passports Index; Japan at the top-thumnail

India’s passport at 85th spot on the powerful passports Index; Japan at the top

By Ayush Singh

For India, the report said, “…despite having the world’s fifth-largest economy: its passport holders can access just 59 destinations worldwide and only 6.7 percent of global GDP, of which the

News

January 11, 2023

NCLAT refuses to stay the penalty imposed by CCI on Google-thumnail

NCLAT refuses to stay the penalty imposed by CCI on Google

By Ayush Singh

CCI in October fined the Alphabet Inc unit $161 million for exploiting its dominant position in the market for Android, which powers 97 percent of smartphones in India and is

News

January 11, 2023

Private-equity firm Carlyle Group acquires majority stake in Beauty brand VLCC-thumnail

Private-equity firm Carlyle Group acquires majority stake in Beauty brand VLCC

By Ayush Singh

Founded in 1989, the skincare and beauty product brand has a network of 210 retail clinics in 118 cities across 11 countries in South Asia, the Middle East, and Africa. 

News

January 10, 2023

Car services management app Park+ raises Rs. 140 crores in funding-thumnail

Car services management app Park+ raises Rs. 140 crores in funding

By Ayush Singh

Park+ has over 700 employees across India. The company helps users find a parking spot, track challans, recharge FASTag, renew insurance, car cleaning, car maintenance, etc. On Tuesday, car services

News

January 10, 2023

Material provider Brick&Bolt secures $10Mn in Series A funding-thumnail

Material provider Brick&Bolt secures $10Mn in Series A funding

By Ayush Singh

Founded in 2018 by Jayesh Rajpurohit and Arpit Rajpurohit, the startup offers end-to-end construction services including home and business construction and building materials. The startup also enables consumers with technology

News

January 10, 2023

Chinese Billionaire Jack Ma gives up control of the Ant Group Co-thumnail

Chinese Billionaire Jack Ma gives up control of the Ant Group Co

By Ayush Singh

Jack Ma has mostly disappeared from public view since giving a speech that criticized regulators on the eve of the scuttled Ant listing in 2020. Many of his peers have

News

January 7, 2023

Rural commerce startup VilCart raises INR 106.6 Cr in Series A funding-thumnail

Rural commerce startup VilCart raises INR 106.6 Cr in Series A funding

By Ayush Singh

Founded in 2017 by Prasanna Kumar, Mahesh Bhat, Rajasekhar, and Amith S Mali, VilCart offers a one-stop solution for rural brick-and-mortar stores, ranging from procuring inventory to managing supply chain

News

January 7, 2023

Reserve Bank of India selects Six fintech entities for the sandbox initiative to check frauds-thumnail

Reserve Bank of India selects Six fintech entities for the sandbox initiative to check frauds

By Ayush Singh

Regulatory sandboxes allow companies to test new products or services in a controlled regulatory environment. This enables companies to scale up their offerings, innovate, bring efficiency and devise solutions for

News

January 6, 2023

<strong>Vodafone Idea approaches banks to raise money to clear its dues</strong>-thumnail

Vodafone Idea approaches banks to raise money to clear its dues

By Ayush Singh

As of September 2022, Vi had a negative net worth of Rs 75,830.8 crore, and the banking system cannot give loans to a company that has a negative net worth,

News

January 6, 2023

Samsung Electronics Co.’s profit slumps by 69% amidst a fall in chip prices and demand-thumnail

Samsung Electronics Co.’s profit slumps by 69% amidst a fall in chip prices and demand

By Ayush Singh

South Korea’s largest company has been grappling with weak demand for memory chips, smartphones, and displays as consumers tamp down holiday spending amid soaring interest rates and inflation.  Samsung Electronics

News

January 6, 2023

<strong>Radiant Cash Management Services to list on the exchanges today at 10:30 AM</strong>-thumnail

Radiant Cash Management Services to list on the exchanges today at 10:30 AM

By Ayush Singh

Founded in 2005 by Col David Devasahayam, Radiant Cash Management Services (RCMS) provides services across 13,044 PIN codes in India covering all districts. It operates its business across five verticals

News

January 4, 2023

NARCL emerges as the biggest bidder in the auction of two finance companies-thumnail

NARCL emerges as the biggest bidder in the auction of two finance companies

By Ayush Singh

In October 2021, the Reserve Bank of India (RBI) superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance for insolvency proceedings due to governance concerns and payment defaults

News

January 4, 2023

Chinese regulator approves billionaire Jack Ma’s Ant Group plan to raise $1.5 billion-thumnail

Chinese regulator approves billionaire Jack Ma’s Ant Group plan to raise $1.5 billion

By Ayush Singh

The green light is another sign that Beijing is softening its stance on its giant internet sector, traditionally a big driver of growth, as the world’s No. 2 economy sputters.

News

January 4, 2023

Elon musk’s SpaceX to raise funds at a possible valuation of $137 billion-thumnail

Elon musk’s SpaceX to raise funds at a possible valuation of $137 billion

By Ayush Singh

It is to be noted although known that Space Exploration Technologies Corp. (SpaceX) is an American spacecraft manufacturer, launcher, and satellite communications corporation headquartered in Hawthorne, California. It was founded

News

January 3, 2023

Fintech firm BharatPe’s CEO Suhail Sameer steps down from his post-thumnail

Fintech firm BharatPe’s CEO Suhail Sameer steps down from his post

By Ayush Singh

BharatPe’s CEO Suhail Sameer has been overseeing the company after it ousted Ashneer Grover for financial misappropriation. In recent weeks, he has been facing personal attacks from Grover. In response

News

January 3, 2023

Tata Digital’s President Mukesh Bansal steps down from his daily operations-thumnail

Tata Digital’s President Mukesh Bansal steps down from his daily operations

By Ayush Singh

According to the sources; the reason behind the leadership change at Tata Digital is differences of opinion on how to scale the new internet businesses. Reports also suggests Mukesh Bansal

News

January 3, 2023

Sah Polymers receives a good response on Day 3 of the public offering subscription-thumnail

Sah Polymers receives a good response on Day 3 of the public offering subscription

By Ayush Singh

At the higher end of the price band i.e. Rs 61-65 per share; Sah Polymers’ customized bulk packaging solutions provider; aims to mobilize at least Rs. 66.3 crore. The public

News

January 3, 2023

SEBI has asked Ritesh Agarwal’s firm Oyo to submit an updated DHRP leading to an IPO delay-thumnail

SEBI has asked Ritesh Agarwal’s firm Oyo to submit an updated DHRP leading to an IPO delay

By Ayush Singh

According to reports, the Securities and Exchange Board of India has requested the Oravel Stays(Oyo); “to update risk factors, its key performance indicators (KPIs), pending lawsuits, and the basis for

News

January 2, 2023

<strong>GST Collection touches 1.49 lakh crore; 15% up year-on-year basis</strong>-thumnail

GST Collection touches 1.49 lakh crore; 15% up year-on-year basis

By Ayush Singh

Gross Revenue from GST receipts during December 2022 is Rs. 1,49.507 crore and Rs 78,434 crore of it is IGST (includes Rs. 40,263 crore from import of goods);  Rs. Rs

News

January 2, 2023

The Internet and Mobile Association of India bats for online gaming regulations-thumnail

The Internet and Mobile Association of India bats for online gaming regulations

By Ayush Singh

As per a gazette notification issued earlier this week, the Ministry of Electronics & Information Technology (MeitY) has become the nodal ministry to govern the online gaming industry. This move

News

December 31, 2022

Saudi Arabia’s Al Nassr Club signs Ronaldo in a 2.5 years contract-thumnail

Saudi Arabia’s Al Nassr Club signs Ronaldo in a 2.5 years contract

By Ayush Singh

Gulf nation is showing that it is prepared to pay over the odds for the Portuguese athlete and a household name with more than 500 million social media followers; Ex-Real

News

December 31, 2022

Elin Electronics lists at 2% discount on the bourses at Rs. 243-thumnail

Elin Electronics lists at 2% discount on the bourses at Rs. 243

By Ayush Singh

Elin Electronics is an electronics manufacturing services i.e. EMS sector player. It manufactures lighting, fans, small/kitchen appliances, etc., for leading brands in the country. Elin manufactures as well as assembles

News

December 30, 2022

Airtel Payments Bank planning to list on exchanges in near future-thumnail

Airtel Payments Bank planning to list on exchanges in near future

By Ayush Singh

According to a company official, “It Airtel Payments Bank is a profitable company, it’s doing well and growing rapidly. Further, that’s an option as per the RBI (Reserve Bank of

News

December 29, 2022

Kfin Technologies disappoints investors as issue sees muted listing-thumnail

Kfin Technologies disappoints investors as issue sees muted listing

By Ayush Singh

Kfin technologies offers services and solutions to asset managers and corporate issuers. It’s completely offer for sale (OFS) issue by the promoter General Atlantic Singapore Fund Pte Ltd. raised around

News

December 29, 2022

Bharti Airtel to deploy additional Rs. 27,000-28,000 to strengthen its 5G network-thumnail

Bharti Airtel to deploy additional Rs. 27,000-28,000 to strengthen its 5G network

By Ayush Singh

Compared to Rs.153 Averge Revenue Per User(ARPU) in July-September 2022 quarter; this year Airtel touched ARPU of Rs. 190 for the same quarter by working more on quality customers; feature

News

December 29, 2022

Money view; Bengaluru-based fintech company raises $75 million in its Series E funding-thumnail

Money view; Bengaluru-based fintech company raises $75 million in its Series E funding

By Ayush Singh

Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal; the Fintech firm Money View is an online financial services company offering personalized credit products and financial management solutions to its

News

December 27, 2022

Shareholders of SpiceJet re-appoint Ajay Singh as the director of the Airline company-thumnail

Shareholders of SpiceJet re-appoint Ajay Singh as the director of the Airline company

By Ayush Singh

It is to be noted that the budget carrier is facing multiple challenges at the moment and in the June quarter reported a net loss of Rs 789 crore in

News

December 27, 2022

Advent International to acquire a 50.01% stake in  Suven Pharmaceuticals-thumnail

Advent International to acquire a 50.01% stake in  Suven Pharmaceuticals

By Ayush Singh

PE major Advent International is planning a merger of Suven with its Portfolio firm Cohance to build a leading end-to-end CDMO and merchant API player and tap the pharma and

News

December 27, 2022

Noida Authority serves DLF with notice to recover Rs. 235 crores within 15 days period-thumnail

Noida Authority serves DLF with notice to recover Rs. 235 crores within 15 days period

By Ayush Singh

It is to be noted that located in Noida sector 18; DLF Mall of India is touted as the biggest mall of India. The Noida Authority had acquired a 7,400

News

December 27, 2022

Mortgage giant HDFC receives a $400 million credit line from IFC to support green housing-thumnail

Mortgage giant HDFC receives a $400 million credit line from IFC to support green housing

By Ayush Singh

Mortgage major HDFC said in the statement that it has set aside $300 mn or 75% of IFC-granted funds for financing green-affordable housing units. According to credible reports approx. 275

News

December 26, 2022

Log9 material; battery cell-to-pack manufacturer to invest 2,350 crore on expansion-thumnail

Log9 material; battery cell-to-pack manufacturer to invest 2,350 crore on expansion

By Ayush Singh

The bangalore-based startup has expertise in the manufacturing, research, and development of nanotechnologies, had started producing battery packs for electric 2 and 3-wheelers from December 2021 and is currently producing

News

December 26, 2022

Samsung Electronics to scale up its chip production capacity by 2023-thumnail

Samsung Electronics to scale up its chip production capacity by 2023

By Ayush Singh

In contrast to Samsung Electronics, its rival Micron Technology said in a statement that it would scale down its investments in fiscal 2023 to between $7 billion and $7.5 billion,

News

December 26, 2022

<strong>Bharat Highways Invit to raise Rs 2000 crore via IPO</strong>-thumnail

Bharat Highways Invit to raise Rs 2000 crore via IPO

By Ayush Singh

Bharat Highways Invit; an Infrastructure investment trust was set up in August 2022 to obtain 100% stake in GR Infrastructure Ltd’s each of Project SPVs including GDDHPL wherein 49% stake

News

December 24, 2022

Hinduja Group submits a revised bid of net ₹9,000 crores for Reliance Capital post auction-thumnail

Hinduja Group submits a revised bid of net ₹9,000 crores for Reliance Capital post auction

By Ayush Singh

According to an industry expert, “The details are under study and a decision on the new bid will only be taken by next week or so,” said an industry expert.

News

December 24, 2022

Adani’s Firms now has a controlling stake in NDTV after Founders sell 27.6% of the stake-thumnail

Adani’s Firms now has a controlling stake in NDTV after Founders sell 27.6% of the stake

By Ayush Singh

Adani group already holds around 37% stake in the news network via its open offer and acquisition of a company owned by the founders. It is to be noted that

News

December 24, 2022

Indian Premier League’s brand value now $8.4 billion: Brand Finance India-thumnail

Indian Premier League’s brand value now $8.4 billion: Brand Finance India

By Ayush Singh

The media rights auction in June this year brought a whopping $6.2 billion (Rs 48,390 crore) and the auction of 2 new franchise teams (Gujarat Titans and Lucknow Super Giants)

News

December 23, 2022

Reliance Jio’s subsidiary acquires Reliance Infratel for Rs. 3,720 crores-thumnail

Reliance Jio’s subsidiary acquires Reliance Infratel for Rs. 3,720 crores

By Ayush Singh.

In November of this year, NCLT had given its nod to RPPMSL for a 100% stake acquisition of Reliance Infratel. After the approval; Reliance had deposited the sum of Rs

News

December 23, 2022

Torrent wins the bid for acquiring Reliance Capital at Rs. 8,640 crore-thumnail

Torrent wins the bid for acquiring Reliance Capital at Rs. 8,640 crore

By Ayush Singh

The 100% stake acquisition in Reliance General Insurance and 51 percent stake in Reliance Nippon Life Insurance among other assets would clear the path for Torrent group to foray into

News

December 22, 2022

Tata communications to acquire New York-based The Switch Enterprises-thumnail

Tata communications to acquire New York-based The Switch Enterprises

By Ayush Singh.

Tata Communications (Netherlands) has signed a definitive agreement to acquire New York-based, “The Switch Enterprises LLC”, which is a major global end-to-end live video production and transmission services provider with

News

December 22, 2022

<strong>Amazon launches it’s subscription-based Prime gaming service in India.</strong>-thumnail

Amazon launches it’s subscription-based Prime gaming service in India.

By Ayush Singh

As the gaming space evolves more and new players enter the industry, the online gaming market within the country continues to scale and is projected to grow to $5 Bn

News

December 21, 2022

Elin Electronics public offering to open today; 142.5 secured via anchor book-thumnail

Elin Electronics public offering to open today; 142.5 secured via anchor book

By Ayush Singh

Elin electronics public offering will open its Rs 475 crore public issue for subscription on December 20 i.e. Tuesday. The public issue comprises a fresh issuance of shares worth Rs

Investment & Funding

December 20, 2022

<strong>Adani group’s firm VCPL acquires 8.27% additional stake in NDTV via open offer.</strong>-thumnail

Adani group’s firm VCPL acquires 8.27% additional stake in NDTV via open offer.

By Ayush Singh

After the Adani Group’s purchase of VCPL in August, the group announced to buy another additional 26 percent stake in NDTV public shareholders via an open offer. RRPR that holds

News

December 20, 2022

<strong>Scores of student demanding to postpone 1st session of JEE mains.</strong>-thumnail

Scores of student demanding to postpone 1st session of JEE mains.

By Ayush Singh

The entrance exam is scheduled to be held just a fortnight before board exams and may clash with aspirant’s practical exams. The first session of the JEE Mains is scheduled

News

December 19, 2022

<strong>KFin Technologies public offering of INR 1500 crore opens for Public subscription.</strong>-thumnail

KFin Technologies public offering of INR 1500 crore opens for Public subscription.

By Ayush Singh

KFin technologies are a major technology-driven financial services platform providing comprehensive services to the capital markets ecosystem, including the asset managers and corporate issuers, across different asset classes in the

News

December 19, 2022

<strong>Slice; a card fintech unicorn receives PPI license from RBI.</strong>-thumnail

Slice; a card fintech unicorn receives PPI license from RBI.

By Ayush Singh

Founded in 2016 by Mr. Rajan Bajaj, the Card-fintech unicorn offers credit cards to young customers, particularly millennials with no credit history. In May this year, fintech unicorn unveiled plans

News

December 16, 2022

<strong>Pune’s deep tech startup Droneacharya Aerial Innovations’ IPO subscribed 262 times.</strong>-thumnail

Pune’s deep tech startup Droneacharya Aerial Innovations’ IPO subscribed 262 times.

By Ayush Singh

Founded by Prateek Srivastav; Founder and MD in 2017, pune based Droneacharya Aerial Innovations Limited provides a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone

News

December 16, 2022

<strong>GalaxyEye Space; IIT Madras incubated startup for earth observation raises $3.5 Mn.</strong>-thumnail

GalaxyEye Space; IIT Madras incubated startup for earth observation raises $3.5 Mn.

By Ayush Singh

This very team of five members founded the startup GalaxEye Space in 2020 which claims to be working on World’s first Multi-Sensor Imaging Satellite. According to Suyash Singh Co-founder and

News

December 15, 2022

Elin electronics limited IPO to open for public subscription on 20th December 2022.-thumnail

Elin electronics limited IPO to open for public subscription on 20th December 2022.

By Ayush Singh

Constituted in 1969; Kolkata-based Elin electronics limited is one of the leading electronics manufacturing services (“EMS”) provider in the country. The company has in its hands in the manufacturing of

News

December 15, 2022

<strong>Landmark Cars IPO opens for public subscription on Tuesday</strong>-thumnail

Landmark Cars IPO opens for public subscription on Tuesday

By Ayush Singh

up Landmark cars has a premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault. It also caters to the commercial vehicle retail business of

News

December 13, 2022

<strong>Tata Motors’ board approves partial stake sale in Tata Technologies through IPO.</strong>-thumnail

Tata Motors’ board approves partial stake sale in Tata Technologies through IPO.

By Ayush Singh

Founded in 1989, Tata Technologies offers technology services across the automotive, industrial machinery, aerospace, and adjacent engineering and manufacturing verticals. Tata Motors’ board has approved a partial divestment of the

Industry

December 13, 2022

<strong>Foxconn, taiwan based electronics manufacturer infuses $500 Mn in its Indian unit.</strong>-thumnail

Foxconn, taiwan based electronics manufacturer infuses $500 Mn in its Indian unit.

By Ayush Singh.

In terms of absolute numbers, Apple shipped close to 1.2 Mn India-manufactured smartphones in the second quarter of 2022, up 94% year-on-year (YoY) Interestingly, the investment comes days after reports

News

December 9, 2022

<strong>E-commerce firm Snapdeal shelves its $152 million IPO plans amid tech stock meltdown</strong>-thumnail

E-commerce firm Snapdeal shelves its $152 million IPO plans amid tech stock meltdown

By Ayush Singh.

New Delhi-based Snapdeal was started in 2010 by Wharton alumnus Kunal Bahl and Indian Institute of Technology graduate Rohit Bansal. The company says it caters to the so-called value e-commerce

E-Commerce

December 9, 2022

Simplilearn; a higher ed-tech platform acquires US-based Fullstack Academy.-thumnail

Simplilearn; a higher ed-tech platform acquires US-based Fullstack Academy.

By Ayush Singh

Founded in 2010, Simplilearn offers digital skilling programs for professionals, enabling them to upskill and get certified in fast-growing digital domains. Simplilearn claims to have added more than 1.2 million

Education

November 28, 2022

<strong>Dharmaj Crop Guard; agrochemical company’s IPO open for Public subscription.</strong>-thumnail

Dharmaj Crop Guard; agrochemical company’s IPO open for Public subscription.

By Ayush Singh

Gujarat-based Dharmaj Crop Guard is primarily engaged in the business of manufacturing, distribution, and marketing of a wide range of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulators,

Industry

November 28, 2022

Platform, Reliance Jio backed short video app to go live by January 2023.-thumnail

Platform, Reliance Jio backed short video app to go live by January 2023.

By Ayush Singh

The short video app will tap into the burgeoning creator economy and will operate just like similar offerings from Facebook, Instagram, and homegrown Josh work. The short video platform is

Industry

November 28, 2022

BitGo Cryptocurrency custodian company recovers USD 1 billion of failed exchange FTX-thumnail

BitGo Cryptocurrency custodian company recovers USD 1 billion of failed exchange FTX

By Ayush Singh

FTX failed because its founder and former CEO Sam Bankman-Fried and his lieutenants used customer assets to make bets in FTX’s closely related trading firm, Alameda Research. Bankman-Fried was reportedly

Industry

November 24, 2022

<strong>Gautam Adani in talks with sovereign wealth funds to raise roughly $5 billion in equity.</strong>-thumnail

Gautam Adani in talks with sovereign wealth funds to raise roughly $5 billion in equity.

By Ayush Singh

Flagship firm Adani Enterprises Ltd. is considering issuing about $1.8 billion to $2.4 billion in new shares as soon as next year, media reported on Tuesday. The $5 billion to

Industry

November 24, 2022

<strong>VC firm Kae Capital closes its third fund at Rs. 767 crore</strong>-thumnail

VC firm Kae Capital closes its third fund at Rs. 767 crore

By Ayush Singh

Founded in 2012, Kae Capital claims to be the first institutional investor in unicorns including Tata 1MG and Zetwerk, and soonicorn (soon-to-be-unicorn) like Porter.  Kae Capital also claimed that it

Investment & Funding

November 24, 2022

<strong>Tata Consumer Products Ltd. to acquire Bisleri International for Rs. 6000-7000 crore.</strong>-thumnail

Tata Consumer Products Ltd. to acquire Bisleri International for Rs. 6000-7000 crore.

By Ayush Singh

Ramesh Chauhan, chairman of Bisleri International, does not have a successor to take Bisleri to the next level, according to reports. He has earlier sold brands like Thums Up, Gold

Industry

November 24, 2022

<strong>Adani Enterprises Ltd. planning to issue at least $1.8 billion worth of fresh shares.</strong>-thumnail

Adani Enterprises Ltd. planning to issue at least $1.8 billion worth of fresh shares.

By Ayush Singh

Shares in Adani Enterprises have surged 134% in the year to date, giving it a market value of about $55.5 billion. India’s NSE Nifty 50 index — it added Adani’s

Industry

November 23, 2022

<strong>Inox Green Energy Services’ IPO debuts at the bourses at an 8% discount.</strong>-thumnail

Inox Green Energy Services’ IPO debuts at the bourses at an 8% discount.

By Ayush Singh

IGESL is one of the major wind power operation and maintenance (O&M) service providers within India. The company is engaged in the business of providing long-term O&M services for wind

Industry

November 23, 2022

Allied Blenders and distillers’ IPO money is to be go for debt repayment and expansion.-thumnail

Allied Blenders and distillers’ IPO money is to be go for debt repayment and expansion.

By Ayush Singh

Allied Blenders and Distillers (ABD) had filed draft documents with market regulator the Securities Exchange Board of India (SEBI) to raise Rs 2,000 crore through an initial public offering (IPO),

Industry

November 23, 2022

Bengaluru-based Cafe Chain Point is planning an IPO in the next 18-24 months.-thumnail

Bengaluru-based Cafe Chain Point is planning an IPO in the next 18-24 months.

By Ayush Singh

Apart from its retail outlets, Chai Point now has different sets of clientele grouped under corporate, and third-party retail outlets and separately also sells packaged goods via marketplaces as well

Industry

November 23, 2022

IndiaMart-backed B2B procurement marketplace Procmart raises $10 Mn-thumnail

IndiaMart-backed B2B procurement marketplace Procmart raises $10 Mn

By Ayush Singh

According to the startup, MRO is a $650 Bn industry globally and $18 Bn in India, with growth outpacing that of the manufacturing sector. Sixth Sense Ventures’ backing to the

Industry

November 21, 2022

SEBI green flags Yatra Online Ltd. for its Rs 750 cr IPO-thumnail

SEBI green flags Yatra Online Ltd. for its Rs 750 cr IPO

By Ayush Singh

Yatra hosts more than 93,500 hotels on its platform across 1,400 cities and towns in the country. It claims to cater to 700 large corporate customers and more than 46,000

Industry

November 21, 2022

Five Star Business Finance IPO investors witness a muted listing at 5% discount-thumnail

Five Star Business Finance IPO investors witness a muted listing at 5% discount

By Ayush Singh

Headquartered in Chennai, the company provides secured business loans to micro-entrepreneurs and self-employed individuals, who traditional financing institutions largely exclude. All of its loans are secured by borrowers’ property (SORP

Finance

November 21, 2022

Archean Chemical Industries debuts at solid 10% premium on bourses-thumnail

Archean Chemical Industries debuts at solid 10% premium on bourses

By Ayush Singh

The company is focused on producing and exporting bromine, which is used as key initial-level materials in pharmaceuticals, agrochemicals, water treatment, flame retardants, additives, oil & gas, and energy storage

Industry

November 21, 2022

Central bank reportedly in final stages of rolling out a digital rupee-thumnail

Central bank reportedly in final stages of rolling out a digital rupee

By Ayush Singh

According to the RBI, the CBDC will help reduce operational costs involved in physical cash management, foster financial inclusion, and bring resilience, efficiency, and innovation to the payments system, among

Finance

November 19, 2022

Government to issue a standard framework to counter fake reviews next Monday-thumnail

Government to issue a standard framework to counter fake reviews next Monday

By Ayush Singh

Under the new framework, the Centre will direct e-commerce players to ask consumers to add information such as bills, pictures, and videos while posting reviews. The shared information will then

Industry

November 19, 2022

SoftBank plans to offload $215 Mn worth of shares in fintech major Paytm-thumnail

SoftBank plans to offload $215 Mn worth of shares in fintech major Paytm

By Ayush Singh

SoftBank had cumulatively invested around $2.2 billion in these three companies (Paytm, Policybazaar, and Delhivery) and offloaded shares worth $560 million at their initial public offerings (IPO). This means that

Finance

November 17, 2022

Axis banks’ 1.5% stake sale garners Rs. 3,839 crores to the government-thumnail

Axis banks’ 1.5% stake sale garners Rs. 3,839 crores to the government

By Ayush Singh

The disinvestment proceeds mopped up so far this fiscal increased to Rs 28,383 crore. The budget target from disinvestment in the current fiscal (Apr-March) is pegged at Rs 65,000 crore.

Finance

November 17, 2022

Fairfax Planning Bengaluru Airports’ IPO at $3.7 billion valuation next year-thumnail

Fairfax Planning Bengaluru Airports’ IPO at $3.7 billion valuation next year

By Ayush Singh

Launched in 2008, BLR Airport has been visited by more than 250 million passengers as of June this year. The airport serves 61 domestic and 14 international destinations, the website

Enterprise Service

November 17, 2022

Blackstone to acquire a majority stake of 52% in R systems for $359 million-thumnail

Blackstone to acquire a majority stake of 52% in R systems for $359 million

By Ayush Singh

R Systems, founded in 1993 by Rekhi, specializes in digital information technology services, specializing in product engineering, and serves over 250 customers in the technology, media, telecom, and financial services

Industry

November 17, 2022

<strong>Singapore state investor Temasek Holdings writes down its investment of $275 Mn in FTX</strong>-thumnail

Singapore state investor Temasek Holdings writes down its investment of $275 Mn in FTX

By Ayush Singh

Temasek said it had invested $210 million for a minority stake of about 1 percent in FTX International, and $65 million for a minority stake of about 1.5 percent in

Education

November 17, 2022

Snacks company Bikaji Foods’ IPO lists at 7.6% on bourses this Wednesday-thumnail

Snacks company Bikaji Foods’ IPO lists at 7.6% on bourses this Wednesday

By Ayush Singh

“At P/E (price to earnings) valuation of 95.2, the stock looks expensive. Therefore, we advise investors to lock in listing gains, and only aggressive investors should consider making a long-term

Industry

November 16, 2022

ReadyAssist, roadside assistance startup raises $5 Mn in its pre-Series A-thumnail

ReadyAssist, roadside assistance startup raises $5 Mn in its pre-Series A

By Ayush Singh

The startup works with service providers to help out users who have a vehicle failure on the road. It provides services such as battery jumpstart, fuel delivery, key unlocking, towing,

Industry

November 16, 2022

Google Appstore introduces UPI Autopay as a payment option for subscription-purchase-thumnail

Google Appstore introduces UPI Autopay as a payment option for subscription-purchase

By Ayush Singh

With the introduction of UPI Autopay on the platform, the company aims to extend the convenience of UPI to subscription-based purchases, as well as enable local developers to grow their

Education

November 16, 2022

Amazon India launches SEND its cross-border logistics platform for Indian exporters-thumnail

Amazon India launches SEND its cross-border logistics platform for Indian exporters

By Ayush Singh

Amazon plans to expand SEND to additional destinations and shipping modes soon. Services offered under this new vertical will include information about multiple carriers, negotiating rates and service levels, compliance

Industry

November 16, 2022

Elon Musk’s SpaceX valued $150 billion in the latest funding round-thumnail

Elon Musk’s SpaceX valued $150 billion in the latest funding round

By Ayush Singh

SpaceX dominates the market for commercial space launch. The company sends payload to orbit for private sector customers, the National Aeronautics and Space Administration, and other government agencies. It also

Industry

November 16, 2022

Global Health, parent company of medanta soars 19% on IPO debut on wednesday-thumnail

Global Health, parent company of medanta soars 19% on IPO debut on wednesday

By Ayush Singh

“The issuer has good patient volumes and cost efficiency and its financial profile also shows an increasing trend. The issue is fairly priced at a P/E (price to earnings ratio)

Healthcare

November 16, 2022

BeatO digital solution provider for diabetes raises $33 Mn in series B funding-thumnail

BeatO digital solution provider for diabetes raises $33 Mn in series B funding

By Ayush Singh

The fresh funds will be utilized to expand BeatO’s diabetes care programs pan-India, invest in strengthening the leadership team, and to further invest in its product and technology, the startup

Industry

November 16, 2022

Blackstone-backed ed-tech platform Simplilearn raises $45 Mn in fresh funding-thumnail

Blackstone-backed ed-tech platform Simplilearn raises $45 Mn in fresh funding

By Ayush Singh

Mayank Kumar, managing director and co-founder of upGrad, had said in July that the higher education and upskilling space was counter-cyclical—during times of job losses and recessionary fears, learners tend

Education

November 16, 2022

E-commerce Amazon Inc. planning a mass layoff amid slowing sales-thumnail

E-commerce Amazon Inc. planning a mass layoff amid slowing sales

By Ayush Singh

For Amazon, this would be the largest job cut in the US, similar to Facebook parent Meta which announced cutting 11,000 jobs last week. Twitter also slashed its team by

Education

November 16, 2022

Vedanta Group in talks with several bidders to sell Electrosteel Steels Limited-thumnail

Vedanta Group in talks with several bidders to sell Electrosteel Steels Limited

By Ayush Singh

Vedanta beat Tata Steel, whose facilities are next to Electrosteel, to take over ESL for Rs 5,320 crore in the summer of 2018 after the creditors took the ailing steelmaker

Advertising

November 16, 2022

Early-stage VC fund Unitus Ventures to close its third fund in India with a corpus of $100 million-thumnail

Early-stage VC fund Unitus Ventures to close its third fund in India with a corpus of $100 million

By Ayush Singh

With the third fund, Poole said, Unitus Ventures will increase its focus on areas such as job tech, enterprise SaaS and sustainability, and climate. Early-stage venture capital fund Unitus Ventures,

Education

November 16, 2022

The government of Canada has now permitted its international students to work for more than 20 hours per week-thumnail

The government of Canada has now permitted its international students to work for more than 20 hours per week

By Ayush Singh

The government of Canada has canceled the 20-hour work week for international students, citing labor shortages. Presently students can work for more than 20 hours a week along with completing

Education

November 16, 2022

Estee Lauder Cos Inc. agrees to buy U.S. fashion label Tom Ford for $2.8 billion-thumnail

Estee Lauder Cos Inc. agrees to buy U.S. fashion label Tom Ford for $2.8 billion

By Ayush Singh

“Given the strength of Tom Ford Beauty, especially in the most significant long-term growth market of China, we understand the appeal of the deal, but handling the fashion businesses leaves

Industry

November 16, 2022

Contentstack, content management, and experience platform raises $80 million in funding-thumnail

Contentstack, content management, and experience platform raises $80 million in funding

By Ayush Singh

Founded in 2018 by Neha Sampat and Nishant Patel, Contentstack provides content management systems (CMS) to enterprises. It equips businesses with one central content hub and helps them provide a

Education

November 16, 2022

Prakash Subramanian joins US-based hedge fund Millennium Capital as CEO for India-thumnail

Prakash Subramanian joins US-based hedge fund Millennium Capital as CEO for India

By Ayush Singh

He is a certified independent director by the Indian Institute of Corporate Affairs (Ministry of Corporate Affairs) and was also the co-chair India UK Financial Partnership Group on GIFT City.

Industry

November 14, 2022

Twitter Boss Elon Musk now reportedly laysoff 4,400 contractual workers without notice-thumnail

Twitter Boss Elon Musk now reportedly laysoff 4,400 contractual workers without notice

By Ayush Singh

Neither Musk nor Twitter reacted to the new wave of layoffs that started over the weekend. Many found out they weren’t working for the company anymore after abruptly losing access

Industry

November 14, 2022

Tata Sons moves ahead with plans to merge all its airlines under one entity- Air India-thumnail

Tata Sons moves ahead with plans to merge all its airlines under one entity- Air India

By Ayush Singh

Tata group regained control of Air India after emerging as the winning bidder for the loss-making airline. It had offered a bid of Rs 18,000 crore, which comprised a cash

Automotive

November 14, 2022

Big Bang Social Creator Associates with Zomaland-thumnail

Big Bang Social Creator Associates with Zomaland

By Ayush Singh

Zomaland is an entertainment carnival that is widespread across seven cities. Big Bang Social enlisted as an experience creation partner to renew a network of creators, storytellers, and pop culture

Industry

November 14, 2022

Shared mobility firm Yulu raises $9 million through debt financing-thumnail

Shared mobility firm Yulu raises $9 million through debt financing

By Ayush Singh

Founded in 2017 by RK Misra, Naveen Dachuri, Hemant Gupta, and Amit Gupta, Yulu provides urban Mobility-as-a-Service (MaaS) in Bengaluru, Mumbai, and Delhi-NCR and is supported by AI-powered Battery-as-a-Service (BaaS)

Automotive

November 14, 2022

BSNL signs a Rs 26,281 crore deal with TCS to establish and maintain 4G infrastructure.-thumnail

BSNL signs a Rs 26,281 crore deal with TCS to establish and maintain 4G infrastructure.

By Ayush Singh

Following the launch of 4G services, BSNL is also reportedly aiming to launch 5G services by August 2023. With both 4G and 5G services, the telco aims to reduce customer

Industry

November 10, 2022

Archean Chemical Industries IPO subscribed 86% on 2nd day of the subscription-thumnail

Archean Chemical Industries IPO subscribed 86% on 2nd day of the subscription

By Ayush Singh

Archean produces and exports bromine, industrial salt, and sulphate of potash to customers around the world. It had a leadership position in the domestic bromine merchant sales (43 percent market

Finance

November 10, 2022

Keka, an HR tech technology start-up from Hyderabad raises $57 million dollars in series A funding-thumnail

Keka, an HR tech technology start-up from Hyderabad raises $57 million dollars in series A funding

By Ayush Singh

“Although we got several offers for funding in the past, we never felt the timing was right. Finding the right investment partner was also significant for us. We wanted to

Industry

November 10, 2022

<strong>Cryptocurrency platform FTX’s CEO requests $8 billion in emergency funding from investors.</strong>-thumnail

Cryptocurrency platform FTX’s CEO requests $8 billion in emergency funding from investors.

By Ayush Singh

The CEO reportedly made the request to investors in a Nov. 9 call where he outlined ways to help solve FTX’s financial woes, according to a report in the Wall

Finance

November 10, 2022

Meta Platforms lays of 11,000 employees; Zuckerberg takes the blame-thumnail

Meta Platforms lays of 11,000 employees; Zuckerberg takes the blame

By Ayush Singh

In contrast to Meta’s global business, the net profit of Facebook India Online Services, the registered entity of Meta in India, more than doubled in FY22 to Rs 297 crore,

Industry

November 10, 2022

<strong>Amazon.com Inc loses a trillion dollars in market value since July 2021</strong>-thumnail

Amazon.com Inc loses a trillion dollars in market value since July 2021

By Ayush Singh

Shares in the e-commerce and cloud company fell 4.3% on Wednesday, pushing its market value to about $879 billion from a record close at $1.88 trillion on July 2021. Amazon.com

Industry

November 10, 2022

Meta platforms Inc. begins organization-wide layoff starting today amid recession-thumnail

Meta platforms Inc. begins organization-wide layoff starting today amid recession

By Ayush Singh

The cuts are expected to affect about 10% of the company, which employed more than 87,000 as of Sept. 30, according to Insider. The reductions, part of the first major

Industry

November 10, 2022

Amazon partners with TVS Motors to upscale EV Sales.-thumnail

Amazon partners with TVS Motors to upscale EV Sales.

By Ayush Singh

This partnership will further lead to the manufacturing of two and three-wheelers in India.  On Wednesday, a partnership between Amazon India and TVS Motors was declared openly, which will help

Industry

November 10, 2022

Global Dental Services raises ₹545 crores in fresh funding from Baharain-based Investcorp-thumnail

Global Dental Services raises ₹545 crores in fresh funding from Baharain-based Investcorp

By Ayush Singh

The investment is expected to fund GDS’ expansion to 1,000 clinics in the next five years. Founded in 2011 by Amarinder Singh, the GDS group owns and operates 340 clinics

Healthcare

November 9, 2022

Viacom18 sports partners with Cricket South Africa to telecast all international cricket matches played in the country-thumnail

Viacom18 sports partners with Cricket South Africa to telecast all international cricket matches played in the country

By Ayush Singh

The broadcaster is expected to pay around $260 million to CSA for the rights according to sources. Earlier, Viacom18 had picked up rights to South Africa’s upcoming T20 league, SAT20,

Entertainment

November 9, 2022

Tesla CEO Elon Musk sells 19.5 mn tesla shares worth $3.95 bn-thumnail

Tesla CEO Elon Musk sells 19.5 mn tesla shares worth $3.95 bn

By Ayush Singh

The sale came just weeks after Tesla reported $3.3bn in profit and $21.45bn in revenue for the third quarter – falling short of Wall Street expectations – which caused a

Industry

November 9, 2022

Indian batsman increases his brand-endorsement charges upto Rs 65 lakh-thumnail

Indian batsman increases his brand-endorsement charges upto Rs 65 lakh

By Ayush Singh

By the end of 2022, Kumar will also sign 10 new brands, including three multinational corporations. He currently works with Royal Stag, Dream11, Pintola peanut butter, Boult Audio, and SS

Industry

November 9, 2022

<strong>Reliance and HCL Technologies evaluating independent plans to pick up 30% stake in ISMC analog for $500-600 Mn.</strong>-thumnail

Reliance and HCL Technologies evaluating independent plans to pick up 30% stake in ISMC analog for $500-600 Mn.

By Ayush Singh

Last December, India had approved a $10-billion incentive plan to attract semiconductor and display manufacturers deepening the push to establish the country as a global electronics production hub. Reliance Industries

Industry

November 8, 2022

<strong>Inox Green Energy Services’s IPO to open for public subscription on 11th November.</strong>-thumnail

Inox Green Energy Services’s IPO to open for public subscription on 11th November.

By Ayush Singh

Inox Green is engaged in the business of providing long-term Operation and Maintenance (O&M) services for wind farm projects, specifically for wind turbine generators and common infrastructure facilities on wind

Finance

November 8, 2022

Fintech startup Policybazzar’s to witness Rs. 560 crores of ESOP’S expense in FY23-thumnail

Fintech startup Policybazzar’s to witness Rs. 560 crores of ESOP’S expense in FY23

By Ayush Singh

Shares of Policybazaar parent company PB Fintech are currently trading at Rs 386 apiece, down 61 percent from its initial public offering (IPO) issue price of Rs 980 apiece last

Industry

November 8, 2022

<strong>SoftBank backed Unacademy to layoff 10% of its workforce in another round of layoffs.</strong>-thumnail

SoftBank backed Unacademy to layoff 10% of its workforce in another round of layoffs.

By Ayush Singh

In an internal note in July, Munjal had said the firm has more than Rs 2,800 crore in the bank, but the organisation was not efficient at all. “We spent

Education

November 8, 2022

<strong>Shark Tank India S2 to air by early December; Amit Jain of CarDekho group joins shark gang</strong>-thumnail

Shark Tank India S2 to air by early December; Amit Jain of CarDekho group joins shark gang

By Ayush Singh

Ashneer Grover, who had gained a sizable fan following last season, is not making a comeback this time. Along with him, Ghazal Alagh also will be missed. Meanwhile, Stand-up comedian

Entertainment

November 8, 2022

The Chiratae Ventures Growth Fund – I close its first round at Rs. 759 crore; oversubscribed.-thumnail

The Chiratae Ventures Growth Fund – I close its first round at Rs. 759 crore; oversubscribed.

By Ayush Singh

Chiratae Ventures has raised five early-stage funds and manages $1.1 billion in assets under management (AUM). It has been an early backer of technology-led companies such as Bizongo, Curefit, Firstcry,

Finance

November 8, 2022

CarDekho, automobile marketplace plans to invest in $100 Mn in fintech subsidiary Rupyy-thumnail

CarDekho, automobile marketplace plans to invest in $100 Mn in fintech subsidiary Rupyy

By Ayush Singh

The Delhi NCR-based startup turned unicorn in October last year after raising $200 Mn in a Series E funding round led by Leapfrog Investments. Automobile marketplace CarDekho plans to invest

Automotive

November 8, 2022

Reliance beats likes of Amazon to acquire German wholesaler Metro’s Indian business-thumnail

Reliance beats likes of Amazon to acquire German wholesaler Metro’s Indian business

By Ayush Singh

The €500 Mn – €550 Mn (INR 4,000 Cr – INR 4,500 Cr) worth of deal will mark the exit of Metro Cash and Carry’s loss-ridden wholesale business from India

Industry

November 8, 2022

<strong>Spacetech startup Agnikul raises $20Mn in series B funding from Rocketship.vc</strong>-thumnail

Spacetech startup Agnikul raises $20Mn in series B funding from Rocketship.vc

By Ayush Singh

Agnikul’s pre-money valuation has zoomed 5x to $180 Mn, the sources added. Agnikul’s last reported valuation was $35 Mn when it raised $11 Mn in its Series A funding round

Industry

November 8, 2022

According to Airtel, the number of 5G users has surpassed 1 million-thumnail

According to Airtel, the number of 5G users has surpassed 1 million

By Ayush Singh

Bharti Airtel, a major telecommunications company in India, announced on Wednesday that it has surpassed 1 million 5G users on its network as Indian carriers roll out 5G services in

Industry

November 2, 2022

<strong>SaaS startup Amagi raises $79 Mn in funding and 26.6Mn in stake purchase from General Atlantic.</strong>-thumnail

SaaS startup Amagi raises $79 Mn in funding and 26.6Mn in stake purchase from General Atlantic.

By Ayush Singh

The two transactions together bring up the cumulative total to well over $105 Mn. Post the transaction, General Atlantic will hold an 8% stake in the Baskar Subramanian-led startup. Media-focused

Industry

November 2, 2022

Fusion Micro Finance IPO set to open for Public subscription today-thumnail

Fusion Micro Finance IPO set to open for Public subscription today

By Ayush Singh

Fusion Micro Finance works with female entrepreneurs that are part of the economically and socially underprivileged portion of society to provide them with financial services. It also educates its clients

Finance

November 2, 2022

Reliance Retail signs Hardik Pandya as its brand Ambassador-thumnail

Reliance Retail signs Hardik Pandya as its brand Ambassador

By Ayush Singh

Reliance Retail today also announced the launch of an athleisure brand, Xlerate, on its new commerce platform, AJIO Business. AJIO Business is a B2B commerce arm of Reliance Retail, meant

Industry

November 2, 2022

<strong>Foodtech Unicron Rebel Foods raises $12.5 Mn in funding.</strong>-thumnail

Foodtech Unicron Rebel Foods raises $12.5 Mn in funding.

By Ayush Singh

Set up in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods operates 45 cloud kitchens including Faasos, Behrouz Biryani, The Good Bowl, Sweet Truth, Ovenstory Pizza, and Mandarin Oak,

Industry

November 2, 2022

Saas unicorn Icertis raises $150 Mn from US-based “Silicon valley Bank”-thumnail

Saas unicorn Icertis raises $150 Mn from US-based “Silicon valley Bank”

By Ayush Singh

Founded in 2009 by Monish Darda and Samir Bodas, Icertis offers enterprise contract management solutions to companies across the globe. Icertis said it’s Icertis Contract Intelligence (ICI) helps businesses structure

Industry

November 1, 2022

<strong>Bikaji Foods set to launch its IPO on nov. 3rd; aims to raise Rs. 900 crore.</strong>-thumnail

Bikaji Foods set to launch its IPO on nov. 3rd; aims to raise Rs. 900 crore.

By Ayush Singh

Bikaji Foods was founded in Bikaner, a city known for its traditional snack bhujia, in 1986 by Shiv Ratan Agarwal. Bikaji’s revenue from operations, said its DRHP, grew 30 percent

Industry

October 31, 2022

<strong>Neev II fund invests $25.4 Mn in renewable energy semiconductor startup Hygenco.</strong>-thumnail

Neev II fund invests $25.4 Mn in renewable energy semiconductor startup Hygenco.

By Ayush Singh

Neev plans to back companies offering diverse solutions including clean energy, electric vehicles (EV), efficient usage of raw materials and managing water and circular economy projects in India. Neev II

Industry

October 31, 2022

Twitter to roll out paid plans for verified users; $19.99/month-thumnail

Twitter to roll out paid plans for verified users; $19.99/month

By Ayush Singh

Currently, Twitter Blue can be availed at $4.99 per month and provides additional features like ad-free articles and a home screen icon that has a different colour. Twitter may soon

Industry

October 31, 2022

DCX systems IPO to opens for subscription today; GMP Rs. 75 today-thumnail

DCX systems IPO to opens for subscription today; GMP Rs. 75 today

By Ayush Singh

As per market observers, DCX Systems shares are commanding a premium (GMP) of ₹75 in the grey market today. The shares of the company are expected to list on stock

Industry

October 31, 2022

<strong>Cybersecurity platform BluSapphire Cyber Systems raises $9.2 Mn in series A funding.</strong>-thumnail

Cybersecurity platform BluSapphire Cyber Systems raises $9.2 Mn in series A funding.

By Ayush Singh

Description-: BluSapphire, a Gartner Cool Vendor, is a hyper-growth cybersecurity SaaS platform. Started by Kiran Vangaveti, 25 years experienced cyber professional and ex-CISO of hedge fund titan Tudor Investments, the

News

October 27, 2022

<strong>Medanta hospitals parent company’s IPO to open for subscription on November 3.</strong>-thumnail

Medanta hospitals parent company’s IPO to open for subscription on November 3.

By Ayush Singh

Description-: Trehan, who founded Medanta in 2004, holds a 35 percent stake in Global Health, the draft papers filed by the company show. Global Health is among the largest private

News

October 27, 2022

<strong>Google increases workspace Individual’s storage limit to 1TB; adds more features.</strong>-thumnail

Google increases workspace Individual’s storage limit to 1TB; adds more features.

By Ayush Singh

Description-: Every account will be automatically upgraded from their existing 15 GB of storage to 1 TB as the company roll this out, said Google in a blog post. With

News

October 27, 2022

<strong>Udaan raises $120 Mn in convertible notes and debt amidst funding winter.</strong>-thumnail

Udaan raises $120 Mn in convertible notes and debt amidst funding winter.

By Ayush Singh

Description-: Udaan now has a network of over 3 million registered users and about 30,000 sellers across over 11,00 cities in the country. The platform has over 3 million retailers,

News

October 27, 2022

<strong>Byju’s parent company, Think & Learn takes Rs. 300 crore loan wholly-owned subsidiary Aakash.</strong>-thumnail

Byju’s parent company, Think & Learn takes Rs. 300 crore loan wholly-owned subsidiary Aakash.

By Ayush Singh

Description-: The development comes when Byju’s seeks to reduce costs and improve its operating revenue. The company announced that they aim to achieve profitability by 2023. Earlier, the edtech company

News

October 27, 2022

<strong>Shiprocket joins ONDC as the first inter-city logistics provider.</strong>-thumnail

Shiprocket joins ONDC as the first inter-city logistics provider.

By Ayush Singh

Description-: Shiprocket is the first inter-city logistics provider to plug into the ONDC network, enabling sellers from all segments to ship products to cities and towns across India. Shiprocket, a

News

October 27, 2022

According to internal documents, Twitter is losing its most active users-thumnail

According to internal documents, Twitter is losing its most active users

By Ayush Singh

The reality goes far beyond a few examples of celebrities hiding their accounts, according to an internal Twitter study reviewed by Reuters. Twitter is struggling to retain its business-critical and

Industry

October 26, 2022

<strong>COAI, telecom body bats for “same service same rules” for OTT messaging Apps</strong>-thumnail

COAI, telecom body bats for “same service same rules” for OTT messaging Apps

By Ayush Singh

There is a need to ensure a level playing field among all technologies, that is Same Service Same Rules with respect to OTT Communication Services so that fair and healthy

Industry

October 26, 2022

Utkarsh small finance bank gets sebi’s nod for 500 crore IPO-thumnail

Utkarsh small finance bank gets sebi’s nod for 500 crore IPO

By Ayush Singh

Incorporated in 2016, Utkarsh commenced operations in 2017 and its product suite includes a range of deposit products, including saving accounts, salary accounts, current accounts, recurring and fixed deposits, and

Finance

October 26, 2022

Sequoia planning to invest $50Mn in Phygital Edtech startup K12 techno-thumnail

Sequoia planning to invest $50Mn in Phygital Edtech startup K12 techno

By Ayush Singh

Incorporated in 2010, K12 Techno Services operates four subsidiaries that offer niche products in categories such as school management platform and schools. It operates a clutch of products, targeting students

Education

October 26, 2022

Elon musk looks to close Twitter deal by this Friday-thumnail

Elon musk looks to close Twitter deal by this Friday

By Ayush Singh

Earlier this month, a Delaware judge gave Musk until Oct. 28 to close his takeover of the social media platform. Elon Musk has pledged to close his $44 billion Twitter

Advertising

October 26, 2022

Adani group plans to invest in passenger vehicles for ancillary support to airports-thumnail

Adani group plans to invest in passenger vehicles for ancillary support to airports

By Ayush Singh

“This is a part of the Adani Group’s strategy to build ancillary offerings that support the airport business growth,” one of the sources said. Adani Group operates airports in Mumbai,

Automotive

October 26, 2022

Walmart eyes $3 billion funding for Flipkart at a $40 billion valuation-thumnail

Walmart eyes $3 billion funding for Flipkart at a $40 billion valuation

By Ayush Singh

Walmart is keen to bring in strategic investors in Walmart-Flipkart so that Flipkart can get additional expertise as well as consistent funding support as and when required to stay ahead

Industry

October 26, 2022

Meta-owned Whatsapp’s hour-long outage hampered small businesses-thumnail

Meta-owned Whatsapp’s hour-long outage hampered small businesses

By Ayush Singh

The WhatsApp outage is the latest among multiple outages of global platforms such as Facebook, Google, and content delivery network (CDN) provider, Cloudflare. On Tuesday, popular Meta-owned messaging service, WhatsApp,

Industry

October 26, 2022

It can be difficult for Jio to increase revenue without rate hikes and 4G upgrades-thumnail

It can be difficult for Jio to increase revenue without rate hikes and 4G upgrades

By Ayush Singh

Reliance Jio Infocomm’s modest fiscal Q2 results highlight the issue of revenue growth, especially in the absence of rate hikes as no subscribers have switched from 2G to 4G. Expense

Industry

October 26, 2022

B2C brands have specific advantages over large enterprises-thumnail

B2C brands have specific advantages over large enterprises

By Ayush Singh

The days of mega-brands are over and large corporations have to put in a lot more effort and have a portfolio of multiple mid-tier brands. B2C or B2C brands aren’t

Advertising

October 26, 2022

<strong>RBI’s forex reserves declines to July 2020 levels.</strong>-thumnail

RBI’s forex reserves declines to July 2020 levels.

By Ayush Singh

“India’s forex reserves declined to the weakest level since July 24, 2020, amid the central bank’s intervention. This time, the value of dollar and gold assets both declined amid revaluation

Finance

October 22, 2022

FMCG brand Pintola’s parent firm aboards Cricketer Suryakumar Yadav as brand ambassador-thumnail

FMCG brand Pintola’s parent firm aboards Cricketer Suryakumar Yadav as brand ambassador

By Ayush Singh

According to Allied Market Research, the global FMCG market is projected to reach $15,361.8 billion by 2025, registering a CAGR of 5.4% from 2018 to 2025. FMCG company Das Foodtech

Industry

October 22, 2022

Twitter introduces a “Featured Videos” tab that focuses on short videos-thumnail

Twitter introduces a “Featured Videos” tab that focuses on short videos

By Ayush Singh

This feature is being tested on both Android and iOS for users in countries with English as their primary language. Twitter announced that it would put videos online in a

Industry

October 22, 2022

Fire-Boltt rope in Vijay Deverkonda as brand ambassador-thumnail

Fire-Boltt rope in Vijay Deverkonda as brand ambassador

By Ayush Singh

The company has been incubated by Savex Technologies. The company’s market share was pegged at 28% by Counterpoint Research and 25% by IDC India. Boltt Games Private Limited’s Fire-Boltt brand

Industry

October 22, 2022

Cetaphil signs actor Kareena Kapoor Khan as their very first brand ambassador-thumnail

Cetaphil signs actor Kareena Kapoor Khan as their very first brand ambassador

By Ayush Singh

In Cetaphil Baby’s first television campaign titled ‘Parenting Ki Nayi Parampara’, Khan will talk about how mothers’ want the best for their babies. Cetaphil has signed actor Kareena Kapoor Khan

Industry

October 22, 2022

Odisha government returns 206 acres to Tata Steel after 26 years-thumnail

Odisha government returns 206 acres to Tata Steel after 26 years

By Ayush Singh

On Friday, the Odisha government decided to return to the original landowners 206 acres of land previously purchased for the Tata Steel plant off the coast of Gopalpur in the

Industry

October 22, 2022

Govt. eyes $7.7 billion valuation for IDBI bank in the proposed stake sale-thumnail

Govt. eyes $7.7 billion valuation for IDBI bank in the proposed stake sale

By Ayush Singh

The valuation target means the administration is seeking a premium of roughly 33%, based on IDBI Bank’s market value of about $5.8 billion as of Thursday. Govt is pushing for

BFSI

October 21, 2022

Ananda Trust invests $10Mn in IPO-bound Zoomcar-thumnail

Ananda Trust invests $10Mn in IPO-bound Zoomcar

By Ayush Singh

With the Nasdaq listing, Zoomcar plans to raise $235 Mn that will largely be deployed to scale operations and to shore up its tech vertical.  Barely a week after Zoomcar

Industry

October 20, 2022

Edelweiss wealth management launches INR 3,000 Cr venture debt fund-thumnail

Edelweiss wealth management launches INR 3,000 Cr venture debt fund

By Ayush Singh

“ECYOF is a much-needed alternative that allows venture/private equity-backed high-growth companies to raise additional capital to augment equity financing and continue their growth trajectory,” Edelweiss’ statement added. Edelweiss Wealth Management

Education

October 20, 2022

<strong>Celestia foundation secures $55 million in fresh funding.</strong>-thumnail

Celestia foundation secures $55 million in fresh funding.

By Ayush Singh

Celestia aims to design a modular blockchain architecture with the hope to solve issues around deploying and scaling of blockchains. The company recommended about developing an infrastructure to make it

Industry

October 20, 2022

SaaS startup Drivetrain raises $15 million in fresh funding-thumnail

SaaS startup Drivetrain raises $15 million in fresh funding

By Ayush Singh

Drivetrain Co-founder and CEO Alok Goel calls the platform a “Google Maps for business growth”. It has built an AI-powered language called DTML – Drivetrain Modeling Language – that is

Industry

October 20, 2022

Tracxn technologies jump 25% against the issue price on listing day-thumnail

Tracxn technologies jump 25% against the issue price on listing day

By Ayush Singh

Tracxn is one of the leading global market intelligence providers for private company data and as per F&S, ranks among the top five players globally in terms of number of

Finance

October 20, 2022

Veteran Sachin Tendulkar invests in cricket-focused NFT platform Rario-thumnail

Veteran Sachin Tendulkar invests in cricket-focused NFT platform Rario

By Ayush Singh

Founded in 2021 by IIT graduates Ankit Wadhwa and Sunny Bhanot, Rario is a licensed digital collectibles platform. It allows cricket fans to collect as well as trade cricket NFTs.  

Industry

October 20, 2022

<strong>UCO bank and YES bank partners with Russian banks to facilitate international trade in rupees.</strong>-thumnail

UCO bank and YES bank partners with Russian banks to facilitate international trade in rupees.

By Ayush Singh

Under the mechanism, all exports and imports may be denominated and invoiced in rupees, with the exchange rate between the currencies of the two trading partner countries to be market

Finance

October 20, 2022

V-mart Retail to acquire Tiger Global-backed e-commerce startup LimeRoad-thumnail

V-mart Retail to acquire Tiger Global-backed e-commerce startup LimeRoad

By Ayush Singh

Founded in 2012, LimeRoad claims to sell its fashion products to 17 Mn buyers. The startup claims to deliver gross merchandise value (GMV) of more than INR 700 Cr at

Industry

October 18, 2022

<strong>Facebook India posts INR 16,189Cr in gross ad revenue for FY22.</strong>-thumnail

Facebook India posts INR 16,189Cr in gross ad revenue for FY22.

By Ayush Singh

The company’s net profit also grew 132% YoY to INR 297 Cr during the fiscal year that ended in March 2022. Posting record numbers, Facebook India Online Services reported gross

Digital Transformation

October 18, 2022

<strong>SpaceX submits an application with DoT seeking license for broadband from space services</strong>-thumnail

SpaceX submits an application with DoT seeking license for broadband from space services

By Ayush Singh

Competition is intensifying in India’s relatively nascent broadband-from space services segment, which could be worth $13 billion by 2025, with Jio, OneWeb, Nelco of the Tata Group, Canada’s Telesat, and

Industry

October 18, 2022

<strong>Korea-based GOPIZZA raises $25 million in funding; aims to increase footprint in India.</strong>-thumnail

Korea-based GOPIZZA raises $25 million in funding; aims to increase footprint in India.

By Ayush Singh

Description-: Founded in 2016 by Jae Won Lim, GOPIZZA is known for its one-person, oval-shaped, fire-baked pizza with 160 outlets across South Korea, Singapore, Indonesia, India, and Hongkong. GOPIZZA currently

Industry

October 18, 2022

<strong>Flipkart launches flipverse to provide users metaverse-based shopping experience.</strong>-thumnail

Flipkart launches flipverse to provide users metaverse-based shopping experience.

By Ayush Singh

The development also comes six months after Flipkart launched Flipkart Labs, a new initiative to test out Web3 technology and use cases for e-commerce. Indian eCommerce major Flipkart has launched

Industry

October 18, 2022

Progcap, supply chain financing startup raises $50Mn in series C funding-thumnail

Progcap, supply chain financing startup raises $50Mn in series C funding

By Ayush Singh

The development also comes six months after Flipkart launched Flipkart Labs, a new initiative to test out Web3 technology and use cases for e-commerce. Supply chain financing startup Progcap has

Industry

October 18, 2022

<strong>Netflix introduces “ profile transfer” feature to prevent password sharing.</strong>-thumnail

Netflix introduces “ profile transfer” feature to prevent password sharing.

By Ayush Singh

The “much requested” feature allow users to transfer their personalized recommendations, viewing history, My List, saved games, and other preferences to a new account when they start their own membership,

Entertainment

October 18, 2022

<strong>Electronic Mart India makes a strong market debut; listed at 53% premium over IPO price.</strong>-thumnail

Electronic Mart India makes a strong market debut; listed at 53% premium over IPO price.

By Ayush Singh

EMIL is the fourth largest and one of the fastest-growing consumer durables and electronics retailers in India. EMIL is the largest regional organized player in the southern region in revenue

Finance

October 17, 2022

<strong>Reliance Jio Infocomm to raise $1.5 billion via global lenders.</strong>-thumnail

Reliance Jio Infocomm to raise $1.5 billion via global lenders.

By Ayush Singh

These plans of additional $1.5 billion fundraising by Reliance Jio are in addition to a $2.5 billion offshore syndicated loan. For the latter, the Mukesh Ambani-owned Reliance Industries Limited is

Industry

October 17, 2022

PlayCKC, live sports gaming platform raises $2,00,000 in seed funding-thumnail

PlayCKC, live sports gaming platform raises $2,00,000 in seed funding

By Ayush Singh

Founded by Swapnil Manish, Anuradha Sinha, and Sanket Khemuka, PlayCKC claims to be one of the four startups that was selected in the first sports-tech cohort by India Accelerator and

Industry

October 17, 2022

Zee Entertainment enterprises’ 99.99% of shareholders approve its merger with Sony-thumnail

Zee Entertainment enterprises’ 99.99% of shareholders approve its merger with Sony

By Ayush Singh

Zee TV and Sony Entertainment Television are the flagship channels of the two networks in Hindi general entertainment. The two players have a combined viewership share of 36 percent in

Entertainment

October 15, 2022

Private equity firm Everstone Capital actively considering selling its stake in Restaurant Brands Asia Ltd.-thumnail

Private equity firm Everstone Capital actively considering selling its stake in Restaurant Brands Asia Ltd.

By Ayush Singh

Restaurant Brands Asia, earlier known as Burger King India Ltd, was incorporated in 2013 as a result of a partnership between Everstone Capital and Burger King Worldwide to bolster the

Industry

October 15, 2022

Anita Hassanandani led D2C beauty startup Better Beauty raises $200K from Lotus Herbals-thumnail

Anita Hassanandani led D2C beauty startup Better Beauty raises $200K from Lotus Herbals

By Ayush Singh

Better Beauty said that it aims to achieve INR 7.2 Cr annual revenue rate and grow its product portfolio up to 10 in a year. It sells products via its

Industry

October 15, 2022

<strong>Fintech startup Mobikwik raises $6.7Mn in debt from Blocksoil and Karnation; updates ESOP policy.</strong>-thumnail

Fintech startup Mobikwik raises $6.7Mn in debt from Blocksoil and Karnation; updates ESOP policy.

By Ayush Singh

The regulatory filings also show that MobiKwik has updated its ESOP 2014 policy, specifically regarding the time frame within which employees can execute the options in the event of termination

Finance

October 15, 2022

Ed-tech startup Supernova raises $1.1 million in pre-seed funding-thumnail

Ed-tech startup Supernova raises $1.1 million in pre-seed funding

By Ayush Singh

Supernova was started by Anirudh, Nawin, and Maharishi in 2021. Targeted towards kids aged 4-12, the edtech firm aims to redefine the current passive forms of learning by making learning

Industry

October 15, 2022

<strong>Zoom car inks merger pact with Innovative International Acquisition Corp worth $456 Mn</strong>-thumnail

Zoom car inks merger pact with Innovative International Acquisition Corp worth $456 Mn

By Ayush Singh

The move comes a year after the decade-old startup first floated an IPO plan in June 2021 via a special purpose acquisition company (SPAC). Founded in 2013 by Greg Moran

Industry

October 15, 2022

<strong>Netflix to unveil its ad-supported plan on 3rd November for 12 markets; India not on list yet.</strong>-thumnail

Netflix to unveil its ad-supported plan on 3rd November for 12 markets; India not on list yet.

By Ayush Singh

Under the ad-supported model, video quality will be of up to 720p/HD and there would be 4 to 5 minutes of advertisements per hour on an average. On the other

Entertainment

October 15, 2022

Edtech unicorn PhysicsWallah forays into book publishing and government job preparation-thumnail

Edtech unicorn PhysicsWallah forays into book publishing and government job preparation

By Ayush Singh

The acquisitions will help PhysicsWallah to expand to CUET and state-level government exams segments that have seen limited penetration by edtech companies. India’s newest edtech unicorn PhysicsWallah has made forays

Education

October 14, 2022

Singapore Airlines in talks with Tata Sons for Vistara-Air India merger-thumnail

Singapore Airlines in talks with Tata Sons for Vistara-Air India merger

By Ayush Singh

Similarly, the Tatas and SIA have initiated a due diligence and valuation exercise as they explore the merger of Vistara with Air India. A decision on the stakes both sides

Automation

October 14, 2022

iPhone users will be able to effortlessly access iCloud on Windows devices-thumnail

iPhone users will be able to effortlessly access iCloud on Windows devices

By Ayush Singh

Apple’s iCloud storage service will directly sync with the Photos app in Windows 11.  This element is currently accessible to Windows testers on the Insider Program. It is anticipated that

Industry

October 13, 2022

Edtech unicorn Byju’s to lay off 2,500 employees; 5% of its workforce-thumnail

Edtech unicorn Byju’s to lay off 2,500 employees; 5% of its workforce

By Ayush Singh

Byju’s also said it will reduce the number of on-ground sales staff, a decision which comes after allegations of aggressive marketing practices and misselling. It is expected to move a

Education

October 13, 2022

FrontRow, a celebrity-focused learning startup lays off 125-130 employees-thumnail

FrontRow, a celebrity-focused learning startup lays off 125-130 employees

By Ayush Singh

Interestingly, layoffs at FrontRow have come at a time when edtech decacorn BYJU’S made a foray into celebrity-focused learning with ‘BYJU’S Xcel’.  Lightspeed-backed celebrity-focused learning startup FrontRow laid off around

Industry

October 13, 2022

IMF reduces India’s growth forecast to 6.8% from earlier projection of 7.4%-thumnail

IMF reduces India’s growth forecast to 6.8% from earlier projection of 7.4%

By Ayush Singh

Most other agencies, too, have been lowering their India forecast in recent weeks. The Reserve Bank of India also recently cut its projection modestly from 7.2 percent to 7 percent.

Finance

October 13, 2022

<strong>Early stage venture capital firm SphitiCap launches its maiden $500 Mn.</strong>-thumnail

Early stage venture capital firm SphitiCap launches its maiden $500 Mn.

By Ayush Singh

Founded in 2022 by venture capitalists Pallav Kumar Singh and Mayank Mehra, SphitiCap is India-centered and will invest in firms from the seed stage to Series A with an average

Investment & Funding

October 6, 2022

<strong>Reliance Jio to start 5G beat trial today in Delhi, Mumbai, Kolkata,and Varanasi.</strong>-thumnail

Reliance Jio to start 5G beat trial today in Delhi, Mumbai, Kolkata,and Varanasi.

By Ayush Singh

The select customers will be automatically upgraded to 5G service without their having to change their SIM cards or handsets. Advancing its 5G launch, Reliance Jio will start a beta

News

October 6, 2022

<strong>Motilal Oswal Alternates raises Rs.4500 crore for its IBEF IV.</strong>-thumnail

Motilal Oswal Alternates raises Rs.4500 crore for its IBEF IV.

By Ayush Singh

With this fund, the cumulative AUM raised under the MO Alts platform between growth capital and real estate would stand at around Rs 14,000 crore. MO Alts is currently managing

Enterprise Service

October 3, 2022

Crypto exchange WazirX laysoff as many as 50-70 employees amidst economic slowdown-thumnail

Crypto exchange WazirX laysoff as many as 50-70 employees amidst economic slowdown

By Ayush Singh

Amid economic slowdown, Indian crypto exchange WazirX has laid off nearly 40 percent of its workforce. As many as 50 to 70 of 150 WazirX employees were laid off, CoinDesk

News

October 3, 2022

Crypto-native banking platform Juno raises $18Mn in fresh funding-thumnail

Crypto-native banking platform Juno raises $18Mn in fresh funding

By Ayush Singh

Juno said it plans to use the funds to expand its digital banking products and launch a tokenized loyalty program, backed by its native ERC20 token, JCOIN. Bengaluru-based crypto-native banking

Digital Transformation

October 3, 2022

Prosus NV drops acquisition plans of BillDesk over unfulfilled conditions-thumnail

Prosus NV drops acquisition plans of BillDesk over unfulfilled conditions

By Ayush Singh

The proposed acquisition would have seen PayU, the payments and fintech business of Prosus, become one of the leading online payment providers globally by total payment volume (TPV). Prosus NV

Enterprise Service

October 3, 2022

Mansion named Casa Del Sole at Dubai’s Palm Jumeriah sold at a record $82 Mn-thumnail

Mansion named Casa Del Sole at Dubai’s Palm Jumeriah sold at a record $82 Mn

By Ayush Singh

Indian tycoon Mukesh Ambani’s firm previously set the record after buying for $80 million a 10-bedroom villa for his youngest son on the island, sources said in August. A mansion

Education

October 3, 2022

<strong>Government to issue sovereign green bonds worth $2 billion</strong>-thumnail

Government to issue sovereign green bonds worth $2 billion

By Ayush Singh

“The much-awaited Indian debut sovereign green bond is certainly a way to give the required fillip to the local green bond market creation and set a benchmark by adhering to

Finance

September 30, 2022

<strong>RBI’s MPC announces 50 bps hike in repo rate taking it to 5.90%.</strong>-thumnail

RBI’s MPC announces 50 bps hike in repo rate taking it to 5.90%.

By Ayush Singh

The MPC was of the view that the persistence of high inflation necessitates the further calibrated withdrawal of monetary accommodation in order to contain second-round effects and anchor inflation expectations,

Finance

September 30, 2022

<strong>Adani enterprises’ subsidiary entities secures funding for the Ganga expressway project from SBI</strong>-thumnail

Adani enterprises’ subsidiary entities secures funding for the Ganga expressway project from SBI

By Ayush Singh

Adani Enterprises’ road business CEO K P Maheshwari said the State Bank of India has underwritten the entire debt requirement of Rs 10,238 crore for the project. Adani Enterprises Ltd

Automotive

September 30, 2022

Paytm partners with Flipkart; adds Flipkart lite shortcut on the dashboard-thumnail

Paytm partners with Flipkart; adds Flipkart lite shortcut on the dashboard

By Ayush Singh

According to Paytm, the company would provide exclusive access where users can click on the Flipkart icon in the shopping category on the app, during Flipkart’s Big Billion Days Sale

Industry

September 30, 2022

ED freezes bank accounts of forex trading app OctaFX over FEMA violation-thumnail

ED freezes bank accounts of forex trading app OctaFX over FEMA violation

By Ayush Singh

“The said app (OctaFX) and its website have not been authorized by the RBI (Reserve Bank of India) to deal in forex trading. The conduct and operations of forex trading

Finance

September 30, 2022

ONDC opened to the public in Bengaluru as a part of wide beta-testing exercise-thumnail

ONDC opened to the public in Bengaluru as a part of wide beta-testing exercise

By Ayush Singh

The ONDC pilot project is currently live in 15 cities, including Delhi, Shillong, Coimbatore, Bhopal, Bengaluru, and Lucknow. By the end of August, the network had onboarded around 100 sellers.

News

September 30, 2022

InvIT to raise Rs 2,000 crore from investors to acquire road assets from NHAI-thumnail

InvIT to raise Rs 2,000 crore from investors to acquire road assets from NHAI

By Ayush Singh

InVIT was set up by the NHAI to monetize its assets and raise funds to build highways. NHAI has raised Rs 6,000 crore through its InVIT, in which CPP Investments

Investment & Funding

September 29, 2022

SEBI to take key decisions related to pre-filing, mutual funds, and disinvestments tomorrow-thumnail

SEBI to take key decisions related to pre-filing, mutual funds, and disinvestments tomorrow

By Ayush Singh

The board also aims to relax open offer pricing norms for the disinvestment of public sector undertakings (PSUs); seek enhanced disclosures from startups in offer documents on the IPO issue

Finance

September 29, 2022

Saveo, B2B e-commerce marketplace for pharmacies raises $4.5 million in Funding-thumnail

Saveo, B2B e-commerce marketplace for pharmacies raises $4.5 million in Funding

By Ayush Singh

Founded in 2019 by IIT graduates Amit Kumar, Anurag Savarnya, Shivansh Shrivastava, and Vivek Jaiswal, the company is on a mission to empower traditional pharmacies and build a reliable, scalable,

Industry

September 29, 2022

French energy giant TotalEnergies SE to sell a small part of its 20% stake in Adani green-thumnail

French energy giant TotalEnergies SE to sell a small part of its 20% stake in Adani green

By Ayush Singh

The French energy giant bought 20% of Adani Green in 2021 for $2 billion, building on a series of previous deals with Indian billionaire Gautam Adani. That stake was worth

Industry

September 29, 2022

Payment platform  PayU successfully tokenizes 50 million cards-thumnail

Payment platform  PayU successfully tokenizes 50 million cards

By Ayush Singh

Last year, RBI mandated entities other than card networks and card issuers to not store debit or credit card data with them. The due date of tokenization is set on

Digital Transformation

September 22, 2022

Manesh Mahatme the head of Whatsapp payment India quits after 18 months-thumnail

Manesh Mahatme the head of Whatsapp payment India quits after 18 months

By Ayush Singh

Despite dominating the messaging space in India, Mahatme’s resignation comes at a time when WhatsApp’s mobile payments business has failed to take off in a significant way. With over 500

News

September 22, 2022

CCI approves the merger of Jio Cinema and Viacom 18 platforms-thumnail

CCI approves the merger of Jio Cinema and Viacom 18 platforms

By Ayush Singh

This approval by the watchdog follows an investment by BTS Investment 1 Pte. Ltd. (BTS1) and Reliance Projects and Property Management Services Limited (RPPMSL). The Competition Commission of India (CCI)

Enterprise Service

September 22, 2022

US central bank raises interest rates by 75 bps; a look at key takeaways-thumnail

US central bank raises interest rates by 75 bps; a look at key takeaways

By Ayush Singh

Officials forecast that rates would reach 4.4% by the end of 2022 and 4.6% in the next year, a more hawkish shift in their so-called dot plot than expected. That

Finance

September 22, 2022

NutriGlow onboards actress Genelia Deshmukh as brand ambassador-thumnail

NutriGlow onboards actress Genelia Deshmukh as brand ambassador

By Ayush Singh

As part of the collaboration, NutriGlow will release a digital advertising campaign featuring Genelia, which will speak directly to young women who prefer natural and organic self-care.  NutriGlow, a part

Industry

September 21, 2022

RBI removes Central bank of India from the PCA framework after 5 years-thumnail

RBI removes Central bank of India from the PCA framework after 5 years

By Ayush Singh

RBI said the bank is committed to complying with the norms of Minimum Regulatory Capital, Net NPA, and Leverage ratio on an ongoing basis. It has also appraised the structural

Finance

September 21, 2022

Chairman Emeritus of TATA group Ratan Tata appointed as trustee of PM CARES Fund-thumnail

Chairman Emeritus of TATA group Ratan Tata appointed as trustee of PM CARES Fund

By Ayush Singh

The PM CARES Fund was created during the Covid-19 pandemic. The primary objective of the fund is to deal with any kind of emergency or distress situation, like posed by

Industry

September 21, 2022

Government issues Draft to mandate the installation of an alert system for rear seat belts by manufacturers-thumnail

Government issues Draft to mandate the installation of an alert system for rear seat belts by manufacturers

By Ayush Singh

The government has been considering enforcing the use of rear seatbelts after Cyrus Mistry, the former chairman of Indian conglomerate Tata Sons, died in a car crash recently. The Ministry

Automotive

September 21, 2022

<strong>KPIT Tech to acquire four Technica Group companies for </strong><strong>€ </strong><strong>80mn</strong>-thumnail

KPIT Tech to acquire four Technica Group companies for € 80mn

By Ayush Singh

The target entities have leadership in automotive in production-ready system prototyping (combination of network system architecture, hardware prototyping, integration), automotive ethernet products, and tools for validation. KPIT Tech on Wednesday

Industry

September 21, 2022

<strong>Insuretech player Zopper raises $75 million in Series C funding.</strong>-thumnail

Insuretech player Zopper raises $75 million in Series C funding.

By Ayush Singh

The firm further signaled a foray into acquisitions. “Over the last five or six months, we have been looking at multiple companies in various sectors that can bring in complimentary

Industry

September 20, 2022

Lava international limited onboards Kartik Aaryan as its brand ambassador-thumnail

Lava international limited onboards Kartik Aaryan as its brand ambassador

By Ayush Singh

The company is going ahead full throttle in terms of business and has recently dropped a bombshell by announcing bringing onboard Bollywood superstar Kartik Aaryan as the brand ambassador of

Industry

September 20, 2022

<strong>SEBI puts Fairfax Group backed Digit Insurance IPO on hold</strong>-thumnail

SEBI puts Fairfax Group backed Digit Insurance IPO on hold

By Ayush Singh

Media reported last month that the company, backed by Canadian billionaire Prem Watsa’s Fairfax Group, aimed to raise around $440 million through an initial public offering. India’s markets regulator has

Finance

September 20, 2022

Machine learning startup TrueFoundry raises USD $2.3 million in seed funding-thumnail

Machine learning startup TrueFoundry raises USD $2.3 million in seed funding

By Ayush Singh

TrueFoundry is a developer platform that seeks to help startups deploy and monitor ML models “at the speed of big tech companies” – in hours instead of weeks. The new

AI

September 20, 2022

OYO, the hotel aggregator sees its first EBITDA positive quarter of Rs. 7 crores-thumnail

OYO, the hotel aggregator sees its first EBITDA positive quarter of Rs. 7 crores

By Ayush Singh

Oyo said it filed the addendum to the draft red herring prospectus (DRHP) on September 19 for its initial public offering (IPO). OYO, the Softbank-backed hotel aggregator, has reported an

Industry

September 19, 2022

Reserve bank of India could raise interest rates by 50bps predicts Morgan Stanley-thumnail

Reserve bank of India could raise interest rates by 50bps predicts Morgan Stanley

By Ayush Singh

In the RBI’s monthly bulletin released late Friday, the central bank said it will have to front-load its monetary policy to fight high inflation and shield medium-term growth. Inflation has

News

September 19, 2022

Ethereum, world’s 2nd largest cryptocurrency drops 10% post “merge”-thumnail

Ethereum, world’s 2nd largest cryptocurrency drops 10% post “merge”

By Ayush Singh

Most risk-driven assets sank for the day ahead of a widely expected 75 basis point bps hike by the Fed on Wednesday. Traders are also pricing in the possibility of

Finance

September 19, 2022

Religare Enterprises to raise ₹300 crores for its health insurance biz. Through rights issues-thumnail

Religare Enterprises to raise ₹300 crores for its health insurance biz. Through rights issues

By Ayush Singh

Founded by brothers Malvinder and Shivinder Singh, who are facing fraud charges, Religare is led by new management and a professionally-managed independent board. Religare Enterprises Ltd is set to raise

Enterprise Service

September 19, 2022

State-owned NHAI plans to raise upto ₹10,000 crores through InvITs-thumnail

State-owned NHAI plans to raise upto ₹10,000 crores through InvITs

By Ayush Singh

The first of the InvITs may open around Diwali to raise ₹3,000-4,000 crore for the operation and maintenance of completed roads and highways, sources said. State-owned National Highways Authority of

Industry

September 19, 2022

<strong>Google-backed DotPe to raise $54.4 million in fresh funding.</strong>-thumnail

Google-backed DotPe to raise $54.4 million in fresh funding.

By Ayush Singh

DotPe provides small and medium enterprises with a full-stack solution to set up an online payments and delivery system. It also provides store management and marketing management tools to these

Industry

September 17, 2022

<strong>Adani group now the most valuable conglomerate leaves “Tata group” behind</strong>-thumnail

Adani group now the most valuable conglomerate leaves “Tata group” behind

By Ayush Singh

At Friday’s close, the market value of all listed stocks of Adani Group stood at Rs 22.27 trillion (about $278 billion), higher than Tata Group’s Rs 20.77 trillion ($260 billion).

Industry

September 17, 2022

EPACK Durable, leading manufacturer of room air conditioners, raises USD 40 million-thumnail

EPACK Durable, leading manufacturer of room air conditioners, raises USD 40 million

By Ayush Singh

Established in Greater Noida in 2002, EPACK Durable manufactures room air conditioners and small household appliances with manufacturing facilities at Dehradun and Bhiwadi, Rajasthan. EPACK Durable, a leading outsourced design

Manufacturing

September 15, 2022

Five Patanjali Group firms’ IPO plans will be announced by Baba Ramdev-thumnail

Five Patanjali Group firms’ IPO plans will be announced by Baba Ramdev

By Ayush Singh

Within the next five years, Ramdev wants to launch five new initial public offerings. The goal of the shift is to improve business performance to unprecedented heights. Major initial public

Industry

September 15, 2022

Deeptech startup Awiros secures $7Mn in fresh funding-thumnail

Deeptech startup Awiros secures $7Mn in fresh funding

By Ayush Singh

Founded in 2015 by Vikram Gupta and Yatin Kavishwar, Awiros offers a device-agnostic operating system that automatically upgrades these Video AI applications and also, increases their use cases. Deeptech startup

News

September 15, 2022

<strong>Wiggles, a pet-care startup kickstart plans to raise $15-20 million in fresh funding.</strong>-thumnail

Wiggles, a pet-care startup kickstart plans to raise $15-20 million in fresh funding.

By Ayush Singh

The pet food market in India is projected to grow at 13-14 percent CAGR. With the growing awareness amongst pet parents, the demand for high-quality food at a good price

Industry

September 15, 2022

<strong>Scott sports India signs Nupur Shikhare as the new brand ambassador.</strong>-thumnail

Scott sports India signs Nupur Shikhare as the new brand ambassador.

By Ayush Singh

Scott Sports India, a subsidiary of Scott Sports SA, is a Swiss producer of bicycles, winter equipment, motorsports gear, running gear, and sportswear. Bicycle brand Scott Sports India has announced

News

September 15, 2022

Bharti Telecom plans to raise Rs. 6000 crores of debt via NCD’s-thumnail

Bharti Telecom plans to raise Rs. 6000 crores of debt via NCD’s

By Ayush Singh

Analysts said the Bharti Group has to raise debt to fund the Singtel stake purchase as the southeast Asian carrier recently ruled out any fresh equity infusion in Bharti Telecom.

Industry

September 14, 2022

Blockchain network 5ire acquires stake in career advancement platform Network capital-thumnail

Blockchain network 5ire acquires stake in career advancement platform Network capital

By Ayush Singh

Acquiring NC gives 5ire access to human capital and it will help 5ire build a talent pipeline and give access to best brains around the world. Blockchain network 5ire has

Finance

September 14, 2022

Procurement management software startup Procol raises Rs 51 crore-thumnail

Procurement management software startup Procol raises Rs 51 crore

By Ayush Singh

Founded in 2018 by Gaurav Baheti (ex-Google, Zomato) and Sumit Mendiratta (ex-Oyo, Zomato), Procol has a supplier network of over 25,000. It has managed more than Rs 7,500 crore of

Industry

September 13, 2022

<strong>PharmEasy’s parent company API Holdings in talks with multiple holdings to raise funds.</strong>-thumnail

PharmEasy’s parent company API Holdings in talks with multiple holdings to raise funds.

By Ayush Singh

Faced with a funding crunch, the startup, which shelved its IPO plans recently, is likely to follow some of its peers and take a valuation cut. It is likely to

Healthcare

September 13, 2022

<strong>B P Kanungo, a former RBI deputy governor, and Kaushik Dutta joined the BharatPe board.</strong>-thumnail

B P Kanungo, a former RBI deputy governor, and Kaushik Dutta joined the BharatPe board.

By Ayush Singh

He stated that the corporation, which presently has nine directors on its board, aims to have at least one-third independent directors. B P Kanungo, a former deputy governor of the

News

September 13, 2022

Li Yu is appointed CEO for International Business by SingPost.-thumnail

Li Yu is appointed CEO for International Business by SingPost.

By Ayush Singh

Li Yu has been named the new CEO of Singapore Post Limited’s (SingPost) international businesses. On September 12th, Yu assumed the position.  I’m thrilled to be a part of SingPost’s

Industry

September 13, 2022

<strong>Matrimony platform Shaadi.com hints of plans to go public in next 12 months.</strong>-thumnail

Matrimony platform Shaadi.com hints of plans to go public in next 12 months.

By Ayush Singh

Backed by the likes of Sequoia during the early stages, Shaadi.com was founded in 1996 by Mittal. Five years later, he established the People Group as an umbrella entity. Other

Industry

September 12, 2022

<strong>Vedanta Ltd. selects Gujrat to establish its semiconductor project.</strong>-thumnail

Vedanta Ltd. selects Gujrat to establish its semiconductor project.

By Ayush Singh

India’s semiconductor market is estimated to reach $63 billion by 2026 from $15 billion in 2020, the government says. Most of the world’s chip output is limited to a few

Education

September 12, 2022

<strong>Electric mobility startup Yulu raises $82 million in fresh funding</strong>-thumnail

Electric mobility startup Yulu raises $82 million in fresh funding

By Ayush Singh

The startup will use the funds to scale its mobility & battery-swapping businesses. Yulu said it will also use the funding to increase its two-wheeler electric vehicle (EV) fleet to

Automotive

September 12, 2022

<strong>Beauty brand WOW signs Kartik Aaryan and Rashmika Mandanna as brand ambassador</strong>-thumnail

Beauty brand WOW signs Kartik Aaryan and Rashmika Mandanna as brand ambassador

By Ayush Singh

In the past two years, the brand has brought on board eminent celebrities to be part of the brand family and promote multiple product ranges, from Kareena Kapoor Khan endorsing

News

September 12, 2022

E-commerce firm Filpkart to launch a new hotel booking service in partnership with Cleartrip-thumnail

E-commerce firm Filpkart to launch a new hotel booking service in partnership with Cleartrip

By Ayush Singh

Walmart-owned Flipkart acquired Cleartrip last year to help the e-commerce firm strengthen its digital commerce offerings for customers. The move enabled Flipkart to tap the travel and tourism market and

Industry

September 9, 2022

Tata group in talks with Wistron Inc. and Apple Inc. to establish a manufacturing unit in India-thumnail

Tata group in talks with Wistron Inc. and Apple Inc. to establish a manufacturing unit in India

By Ayush Singh

The structure of the deal and details such as shareholdings are yet to be finalized, and talks are ongoing, the people said. The plan could entail Tata buying equity in

Automotive

September 9, 2022

Mysten labs designer of Sui blockchain raises $300 million in Funding-thumnail

Mysten labs designer of Sui blockchain raises $300 million in Funding

By Ayush Singh

The blockchain platform, which was founded by social media company Meta in 2021, stated through an announcement that it clocked $300 million in a Series B funding round led by

Industry

September 9, 2022

<strong>Powerplay, a construction management startup raises $7.14 million in funding.</strong>-thumnail

Powerplay, a construction management startup raises $7.14 million in funding.

By Ayush Singh

From January to June this year, the value of construction managed by Powerplay is to the tune of ₹7,500 crores. Iesh Dixit and Shubham Goyal are the co-founders of the

News

September 9, 2022

<strong>Reliance Jio and Bharti Airtel won’t hike tariff prices during initial phases of the 5G launch</strong>-thumnail

Reliance Jio and Bharti Airtel won’t hike tariff prices during initial phases of the 5G launch

By Ayush Singh

The companies may upgrade current users of the existing 4G plans and provide them access to 5G services, the report added. This is possible because no change of SIM cards

Industry

September 8, 2022

<strong>Jovees Herbal onboards Parineeti Chopra as brand ambassador.</strong>-thumnail

Jovees Herbal onboards Parineeti Chopra as brand ambassador.

By Ayush Singh

According to Allied Market Research, the India skin care products market size was valued at $2,478.4 million in 2017 and is projected to reach $5,033.7 million by 2027. Jovees Herbal

Healthcare

September 8, 2022

Adani Group to launch its open offer for acquiring an additional 26% stake in media firm NDTV from October 17-thumnail

Adani Group to launch its open offer for acquiring an additional 26% stake in media firm NDTV from October 17

By Ayush Singh

The Adani Group, on August 23, unveiled a plan to acquire a majority stake in the news network, through the acquisition of VCPL, which holds a 99.99 percent stake in

Advertising

September 8, 2022

Burjeel Holdings, a leading healthcare services provider signs Shah Rukh khan as a brand ambassador-thumnail

Burjeel Holdings, a leading healthcare services provider signs Shah Rukh khan as a brand ambassador

By Ayush Singh

Burjeel Holdings’ partnership with Shah Rukh Khan follows the recent announcement of its planned expansion into the Kingdom of Saudi Arabia (KSA). The company has signed a Memorandum of Understanding

Advertising

September 8, 2022

<strong>Beauty brand, L’Oreal Paris signs Anushka Sharma as Brand Ambassador.</strong>-thumnail

Beauty brand, L’Oreal Paris signs Anushka Sharma as Brand Ambassador.

By Ayush Singh

“I have always admired L’Oréal Paris for pioneering innovation in the beauty industry with superior and exemplary products backed by science that the women of today need,” Anushka Sharma said.

Marketing

September 7, 2022

CREDAI and startup incubator Venture catalysts partners to set up a $100Mn proptech fund-thumnail

CREDAI and startup incubator Venture catalysts partners to set up a $100Mn proptech fund

By Ayush Singh

The fund will support the Centre’s ‘Make in India’ and ‘Techade’ initiatives. It aims to help proptech players bring in more innovation in the realty sector. It further aims to

News

September 7, 2022

Adani group to build 3 Giga factories for manufacturing Solar modules-thumnail

Adani group to build 3 Giga factories for manufacturing Solar modules

By Ayush Singh

These Giga factories will “extend from polysilicon to solar modules, complete manufacturing of wind turbines, and the manufacturing of hydrogen electrolyzers,” Gautam Adani said. Asia’s richest man Gautam Adani on

Enterprise Service

September 7, 2022

Delhi-based tech startup Daalchini raises $4Mn in its Series A round-thumnail

Delhi-based tech startup Daalchini raises $4Mn in its Series A round

By Ayush Singh

Delhi NCR-based Dukaan tech startup Daalchini has raised $4 Mn in its Series A round from Unicorn India Ventures. Existing investors Artha Venture Fund, Investco’s Ajay Kaul and Paytm’s Vijay

News

September 7, 2022

SoftBank Group to invest $35 million Indian car service and repair firm GoMechanic-thumnail

SoftBank Group to invest $35 million Indian car service and repair firm GoMechanic

By Ayush Singh

Founded in 2016, GoMechanic has serviced and repaired more than two million cars in India through its service centers and says it costs 40% less than automakers’ own offerings. SoftBank

Industry

September 6, 2022

<strong>Adani group to export electricity to Bangladesh by year-end</strong>-thumnail

Adani group to export electricity to Bangladesh by year-end

By Ayush Singh

Adani Power Ltd. will commission a 1.6-gigawatt facility in Jharkhand state and a dedicated transmission line for the exports by Dec. 16, Adani said in a Twitter post late on

Digital Transformation

September 6, 2022

Ranveer Singh invests in homegrown beauty cosmetic company Sugar Cosmetics-thumnail

Ranveer Singh invests in homegrown beauty cosmetic company Sugar Cosmetics

By Ayush Singh

The partnership will help the brand “create new pathways for customer acquisition”, especially with the Gen Z and millennial audiences in India. With the investment, Sugar will eye expansion in

News

September 5, 2022

<strong>Reliance power to raise USD $150 million in debt from Varde Partners</strong>-thumnail

Reliance power to raise USD $150 million in debt from Varde Partners

By Ayush Singh

Varde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. Varde currently manages over USD 13 billion in assets with teams in North America, Europe,

Automotive

September 5, 2022

Central bank sets 30th November as deadline for entities to comply with its digital lending guidelines-thumnail

Central bank sets 30th November as deadline for entities to comply with its digital lending guidelines

By Ayush Singh

The central bank last month issued digital lending norms, under which the disbursal of loans and collection of repayments must be executed only between borrowers and entities it regulates, with

Finance

September 3, 2022

Netflix reportedly could unveil its ad-supported plans on upcoming 1st November-thumnail

Netflix reportedly could unveil its ad-supported plans on upcoming 1st November

By Ayush Singh

Netflix reported its first subscriber loss in a decade, back in April this year. Co-CEO Reed Hastings had then revealed that the company had been considering more affordable, ad-supported plans.

Entertainment

September 3, 2022

Fintech startup Tortoise raises funds from Swiggy and ZestMoney CEO-thumnail

Fintech startup Tortoise raises funds from Swiggy and ZestMoney CEO

By Ayush Singh

Founded in 2020 by Koshal and Surya Harsha Nunnaguppala, Tortoise is a save now, buy later (SNPL) startup that allows users to save up for large purchases. Users can avail

Finance

September 2, 2022

Meta-owned WhatsApp banned 2.39 million Indian accounts in July-thumnail

Meta-owned WhatsApp banned 2.39 million Indian accounts in July

By Ayush Singh

Of the accounts barred, 1.42 million were “proactively banned,” before any reports from users. Several accounts were banned based on complaints received through the company’s grievances channel and the tools

Industry

September 2, 2022

HDFC bank to raise 50 billion rupees through bonds; hire 3000 employees in Maharastra-thumnail

HDFC bank to raise 50 billion rupees through bonds; hire 3000 employees in Maharastra

By Ayush Singh

India’s largest sector lender HDFC is planning to raise at least 50 billion rupees through a 10-year bond sale; hire 3000 employees. India’s largest private sector lender, Housing Development Finance

Industry

September 2, 2022

Half of directors of board of Unitech resigns over nil progress in stalled projects-thumnail

Half of directors of board of Unitech resigns over nil progress in stalled projects

By Ayush Singh

At least two of the directors said that they resigned as things were not moving on the ground. Despite a push from the Supreme Court, things have not moved speedily

Finance

September 2, 2022

Broker Network raised 90 cr in fresh funding from Info Edge-thumnail

Broker Network raised 90 cr in fresh funding from Info Edge

By Ayush Singh

Broker Network, founded in 2020 by Housing.com founder Rahul Yadav, connects brokers with real estate developers and buyers. It also allows users to list their properties on the platform and

Finance

September 2, 2022

Foodtech major Zomato reappoints Sanjeev Bikhchandani as the non-executive director-thumnail

Foodtech major Zomato reappoints Sanjeev Bikhchandani as the non-executive director

By Ayush Singh

98.9% of shareholders approved the appointment of Info Edge’s cofounder as non executive director. Foodtech major Zomato has reappointed Info Edge’s cofounder Sanjeev Bikhchandani as the non-executive director on its

News

September 2, 2022

<strong>Two-wheeler financing firm Bike Bazaar raises Rs. 170 crore in equity funding.</strong>-thumnail

Two-wheeler financing firm Bike Bazaar raises Rs. 170 crore in equity funding.

By Ayush Singh

Pune-based Bike Bazaar caters to the commuter/utility two-wheeler segment in the domestic market, offering a range of solutions along the two-wheeler lifecycle, including financing for new and pre-owned two-wheelers as

Automotive

September 1, 2022

<strong>Homegrown Micro-blogging platform koo fires nearly 40 employees amidst funding crunch</strong>-thumnail

Homegrown Micro-blogging platform koo fires nearly 40 employees amidst funding crunch

By Ayush Singh

The development comes when Koo CEO Aprameya Radhakrishna has been camping overseas and is in talks with several investors for a fresh round of funding. The startup has raised $44.5

News

September 1, 2022

<strong>NPCI records report 6.57 billion UPI transactions in August 2022</strong>-thumnail

NPCI records report 6.57 billion UPI transactions in August 2022

By Ayush Singh

Recently, the RBI floated a discussion paper, seeking comments from stakeholders on whether UPI transactions should be charged. The RBI has asked if UPI transactions are charged, then should the

Industry

September 1, 2022

Amazon struggles to penetrate tier 2-3 cities, lags behind rival Flipkart-thumnail

Amazon struggles to penetrate tier 2-3 cities, lags behind rival Flipkart

By Ayush Singh

While India is a three-player market – Amazon, Walmart/Flipkart, and Reliance’s JioMart – the market remains quite fragmented with meaningful market differences by market tier, product category, and distribution models.

News

September 1, 2022

Government raises tax on the export of diesel and jet fuel in a fortnightly review-thumnail

Government raises tax on the export of diesel and jet fuel in a fortnightly review

By Ayush Singh

India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies. But international oil prices have cooled since

Industry

September 1, 2022

SII’s Indigenously developed cervical cancer vaccine will be available for ₹200-400-thumnail

SII’s Indigenously developed cervical cancer vaccine will be available for ₹200-400

By Ayush Singh

Cervical cancer in India ranks as the second most frequent cancer among women between 15 and 44 years of age. The Drugs Controller General of India (DCGI) had in July

News

September 1, 2022

<strong>Recruitment platform Kula raises $12 million in a seed funding round.</strong>-thumnail

Recruitment platform Kula raises $12 million in a seed funding round.

By Ayush Singh

Founded in 2021, Kula is a recruitment platform that helps companies and recruiters to widen their talent pool by unifying all sources and automating the top candidate outreach and engagement.

Consultant

August 31, 2022

Snap. Inc to layoff 20% of its nearly 6500 employees-thumnail

Snap. Inc to layoff 20% of its nearly 6500 employees

By Ayush Singh

To weather the business environment, the company has said it will focus on three main priorities: growing the user base, improving direct-response advertising business and how it measures ad spending

News

August 31, 2022

Meta to discontinue it’s facebook gaming app from October end-thumnail

Meta to discontinue it’s facebook gaming app from October end

By Ayush Singh

The announcement comes as Meta has been testing new services and killing off old ones. Most recently, Facebook announced that it’s shutting down its live shopping feature on October 1

News

August 31, 2022

<strong>Lifestyle brand Villain onboards Hardik Pandya as brand ambassador.</strong>-thumnail

Lifestyle brand Villain onboards Hardik Pandya as brand ambassador.

By Ayush Singh

As part of the partnership, Pandya will be seen in a series of advertisements and marketing material for the brand. The cricketer will also represent the brand at various events

News

August 31, 2022

<strong>ONDC likely to open for beta testing with the Public soon.</strong>-thumnail

ONDC likely to open for beta testing with the Public soon.

By Ayush Singh

“Existing e-commerce platforms are popular because they remain consumer-focused. They have created robust trust in their platforms based on their ability to deliver on promises on products, fulfillment of orders

Industry

August 31, 2022

Sara Ali khan Joins the Beauty Brand, Biotique as a Brand Ambassador-thumnail

Sara Ali khan Joins the Beauty Brand, Biotique as a Brand Ambassador

By Ayush Singh

Sara Ali Khan said that she is excited to partner with such an innovative brand that believes in real beauty. She is passionate about beauty and wellness, and Biotique’s skincare

Investment & Funding

August 31, 2022

Reliance Industries acquires soft drink brands Campa and Sosyo from pure drink group-thumnail

Reliance Industries acquires soft drink brands Campa and Sosyo from pure drink group

By Ayush Singh

With this foray, Reliance Retail will be competing with the likes of FMCG behemoths like Hindustan Unilever, Nestle, Britannia, etc in an industry which is valued at over $110 billion

Industry

August 31, 2022

NSDL is Likely to File DRHP for its IPO by the end of this year-thumnail

NSDL is Likely to File DRHP for its IPO by the end of this year

By Ayush Singh

The company is likely to launch its IPO by May 2023, the sources said, adding that the IPO size is likely to be between Rs 3,500 crore and Rs 4,000

Industry

August 31, 2022

<strong>Jio Platforms and Meta work together to introduce JioMart shopping on WhatsApp.</strong>-thumnail

Jio Platforms and Meta work together to introduce JioMart shopping on WhatsApp.

By Ayush Singh

Users in India will be able to explore the JioMart grocery catalog, add goods to their shopping carts, and finish their purchases without ever leaving a WhatsApp conversation thanks to

Industry

August 30, 2022

RIL AGM: Jio would invest Rs 2 trillion in 5G, with a nationwide rollout by December 2023-thumnail

RIL AGM: Jio would invest Rs 2 trillion in 5G, with a nationwide rollout by December 2023

By Ayush Singh

According to the chairman of RIL, Jio has implemented an independent 5G stack rather than updating the current 4G network to provide extremely fast internet. To be the first to

Industry

August 30, 2022

NDTV & Adani group approaches SEBI, and seeks clarification over the promoter’s stake sale-thumnail

NDTV & Adani group approaches SEBI, and seeks clarification over the promoter’s stake sale

By Ayush Singh

NDTV pushed back against the acquisition, claiming that a prior regulatory nod was needed for the transfer of shares as Sebi barred its founders from dealing in shares for two

Advertising

August 30, 2022

<strong>45th AGM Reliance Industries Ltd. 2022: Succession plans, 5G rollout, retail in focus.</strong>-thumnail

45th AGM Reliance Industries Ltd. 2022: Succession plans, 5G rollout, retail in focus.

By Ayush Singh

Description-: Billionaire Mukesh Ambani on Monday announced a Rs 2.75 lakh crore investment plan to expand and diversify his $221 billion empire by rolling out 5G services from October, adding

News

August 30, 2022

RIL’s succession plan is described by Mukesh Ambani: Energy goes to Anant, telecom to Akash, and retail to Isha.-thumnail

RIL’s succession plan is described by Mukesh Ambani: Energy goes to Anant, telecom to Akash, and retail to Isha.

By Ayush Singh

However, Mukesh Ambani emphasised that he is not yet retiring and that he will “continue to provide hands-on leadership as before.” The most valuable firm in India has revealed its

Finance

August 30, 2022

<strong>Spinny unveils campaign ft. Tendulkar based on “chasing Dream”, recreates his first car Maruti 800</strong>-thumnail

Spinny unveils campaign ft. Tendulkar based on “chasing Dream”, recreates his first car Maruti 800

By Ayush Singh

In the campaign, the God of Cricket goes back in time when he is driving his very first car, Maruti 800. The used car marketplace, Spinny, has unveiled a new

Industry

August 29, 2022

PMJDY accounts no. touches 462.5 Mn. with Rs. 1.73 trillion in deposits-thumnail

PMJDY accounts no. touches 462.5 Mn. with Rs. 1.73 trillion in deposits

By Ayush Singh

Average deposits per Jan Dhan account rose to Rs 3,761 in August 2022 from Rs 3,398 a year ago. The average deposit per account was up over 2.9 times from

Industry

August 29, 2022

<strong>Supertech Ltd. gets Rs. 500 crore shock with the twin tower demolition.</strong>-thumnail

Supertech Ltd. gets Rs. 500 crore shock with the twin tower demolition.

By Ayush Singh

In August last year, the Supreme Court ordered the demolition of the twin towers and directed that the entire amount of homebuyers have to be refunded with 12 percent interest

Industry

August 29, 2022

The nail-biting faceoff between India-Pakistan brings up 13 Mn eyes to Disney Hotstar-thumnail

The nail-biting faceoff between India-Pakistan brings up 13 Mn eyes to Disney Hotstar

By Ayush Singh

The return of the Asia Cup after a gap of four years and the tournament coinciding with the festive period is leading to high advertiser traction, especially for India-Pakistan matches.

Industry

August 29, 2022

Metal Industry-focused Saas startup Metalbook raises $5Mn in its seed funding-thumnail

Metal Industry-focused Saas startup Metalbook raises $5Mn in its seed funding

By Ayush Singh

Metalbook claims to manage a network of over 500 global metal manufacturers, dealers, and suppliers. It also claims to have more than 350 customers including ArcelorMittal, Nippon Steel, Tata Steel,

Industry

August 29, 2022

Suzuki Motor Corporation to setup a Suzuki R&D center in India; foundation laid for EV plant-thumnail

Suzuki Motor Corporation to setup a Suzuki R&D center in India; foundation laid for EV plant

By Ayush Singh

The vehicle manufacturing facility in Kharkhoda, Haryana, will have the potential to make one million passenger vehicles per year. This would make the unit one of the largest passenger vehicle

Automotive

August 29, 2022

Amazon India launches Northeast’s first all-women delivery station in Mizoram-thumnail

Amazon India launches Northeast’s first all-women delivery station in Mizoram

By Ayush Singh

Over the years, Amazon has invested in deepening its presence in Northeast India and now has close to 70 Amazon-owned and partner delivery stations that ensure direct delivery presence in

News

August 27, 2022

Meesho shut down its majority of Superstore, and nearly 300 employee fired-thumnail

Meesho shut down its majority of Superstore, and nearly 300 employee fired

By Ayush Singh

Vidit Aatrey, Founder and CEO, Meesho, had said that the company looks forward to integrating Meesho Superstore with its core app. Homegrown social commerce platform Meesho has reportedly shut down

Industry

August 27, 2022

<strong>Meta Platforms Inc. settles Cambridge Analytica data sharing case.</strong>-thumnail

Meta Platforms Inc. settles Cambridge Analytica data sharing case.

By Ayush Singh

Facebook users sued the company in 2018 after it was revealed that the UK research firm connected to Donald Trump’s 2016 campaign for president gained access to the data of

Industry

August 27, 2022

<strong>Reliance Industries Ltd.’s AGM on monday; investors expect listing and stake sale announcements.</strong>-thumnail

Reliance Industries Ltd.’s AGM on monday; investors expect listing and stake sale announcements.

By Ayush Singh

Over the last decade, Ambani has been making strategic announcements at the AGMs, which are eagerly awaited by investors. This time, the expectation is that his speech at the 45th

Industry

August 27, 2022

Anushka Sharma: the Entrepreneur; wearing an investor Hat-thumnail

Anushka Sharma: the Entrepreneur; wearing an investor Hat

By Ayush Singh

Apart from being a successful actress, the Bollywood star also has many startups on her portfolio as an investor including Bluetribe, Slurrp and her clothing range Nush. Blue Tribe-: In

Industry

August 27, 2022

RailTel and CloudExtel partner together to launch the country’s first shared RAN Solution-thumnail

RailTel and CloudExtel partner together to launch the country’s first shared RAN Solution

By Ayush Singh

Locations specifically like traffic junctions, airports, and railway stations are high-density areas for network congestion. The success of the shared RAN solution holds promises for the customers of such highly

News

August 26, 2022

Japan’s Rakuten Group aims to hire approx. 1,000 employees in India over the next 24 months-thumnail

Japan’s Rakuten Group aims to hire approx. 1,000 employees in India over the next 24 months

By Ayush Singh

Rakuten Group has interests in various areas, including e-commerce, mobile, and telecom. The company’s B2B telecom services arm, called Rakuten Symphony, will also operate from this new office now Japan’s

Industry

August 26, 2022

DreamSetGo, a sports experience platform appoints Sourav Ganguly as Brand Ambassador-thumnail

DreamSetGo, a sports experience platform appoints Sourav Ganguly as Brand Ambassador

By Ayush Singh

As the “ Brand Ambassador” for DreamSetGo, Ganguly will play a key role in promoting DSG’s curated experiences offered through its key partnerships with Manchester City, Chelsea FC, ICC Travel

Industry

August 26, 2022

Syrma SGS technology, the first listing in 90 days, as shares debuts on bourses with 19% gains-thumnail

Syrma SGS technology, the first listing in 90 days, as shares debuts on bourses with 19% gains

By Ayush Singh

Syrma provides integrated services and solutions to original equipment manufacturers, from the initial product concept stage to volume production through concept co-creation and product realization. Syrma SGS Technology shares clocked

Finance

August 26, 2022

ED probes 5 premises of Coinswitch Kuber on alleged FEMA norms contravention-thumnail

ED probes 5 premises of Coinswitch Kuber on alleged FEMA norms contravention

By Ayush Singh

The move is part of a larger crackdown by the ED on major cryptocurrency exchanges. Earlier, reports had emerged that the agency was probing more than 10 crypto exchanges for

Digital Transformation

August 26, 2022

<strong>Government asks byju’s to explain the reason for delay in financial report’s submission.</strong>-thumnail

Government asks byju’s to explain the reason for delay in financial report’s submission.

By Ayush Singh

Byju’s, which is India’s most valuable startup with a valuation of $22 billion, is expected to file the audited financials by next week, according to the sources. The Ministry of

Education

August 26, 2022

<strong>Former CEA KV Subramanian appointed as Executive Director for India at IMF</strong>-thumnail

Former CEA KV Subramanian appointed as Executive Director for India at IMF

By Ayush Singh

Subramanian’s term will begin from November and will continue for a period of three years or until further orders, whichever is earlier, by curtailing the tenure of eminent economist Surjit

Finance

August 26, 2022

According to NDTV, VCPL needs SEBI permission in order to get RRPR share-thumnail

According to NDTV, VCPL needs SEBI permission in order to get RRPR share

By Ayush Singh

Prior to now, NDTV had already informed the stock exchanges that RRPR Holdings Ltd, which owns 29.18% of the broadcaster, had been instructed to transfer all of its equity shares

Finance

August 25, 2022

Servify, devices lifecycle management platform for Apple and Samsung raises $65 million-thumnail

Servify, devices lifecycle management platform for Apple and Samsung raises $65 million

By Ayush Singh

The seven-year-old startup, which has raised more than $110 million to date, works with over 75 electronics device manufacturers, including OnePlus and Xiaomi, and offers them white-labeled after-sales services such

Industry

August 25, 2022

<strong>Bharti Enterprises chairman Sunil Mittal to raise stake in Bharti Airtel by 3.3%.</strong>-thumnail

Bharti Enterprises chairman Sunil Mittal to raise stake in Bharti Airtel by 3.3%.

By Ayush Singh

The share purchase will be done through the promoter arm Bharti Telecom and is expected to close within 90 days. The Mittal family’s current effective holding in Bharti Airtel is

Industry

August 25, 2022

NDTV stock hits 5% upper circuit as Adani group’s AEL launches open offer to acquire 26% stake in the company-thumnail

NDTV stock hits 5% upper circuit as Adani group’s AEL launches open offer to acquire 26% stake in the company

By Ayush Singh

RRPR is a promoter group company of NDTV and holds 29.18 percent stake in NDTV. VCPL, along with AMNL & AEL (persons acting in concert), will launch an open offer

Investment & Funding

August 24, 2022

TATA sons are likely to write off Rs. 2,600 crores of AirAsia India’s accumulated losses.-thumnail

TATA sons are likely to write off Rs. 2,600 crores of AirAsia India’s accumulated losses.

By Ayush Singh

Air India, earlier this year, offered to buy the entire equity share capital of AirAsia India, in which Tata Sons has an 83.67 percent stake. Air India has sought the

Automotive

August 24, 2022

<strong>Why are foreigners back in the purchasing mood on the Indian stock markets?</strong>-thumnail

Why are foreigners back in the purchasing mood on the Indian stock markets?

By Ayush Singh

Foreign institutional investors have sold almost $27 billion worth of Indian equities over the past six months, but have recently bought back $6.4 billion worth. In search of stronger returns

Industry

August 24, 2022

Social commerce startup Winuall raises Rs. 17 crore from Dream Incubator-thumnail

Social commerce startup Winuall raises Rs. 17 crore from Dream Incubator

By Ayush Singh

Founded in 2019 by Ashwini Purohit and Saurabh Vyas, Winuall provides tutors the tools to expand their business by sharing curated online courses. Social commerce startup Winuall has raised Rs

Industry

August 24, 2022

<strong>Attacks made by Parag Agrawal on Zatko’s unfounded statements concerning Twitter</strong>-thumnail

Attacks made by Parag Agrawal on Zatko’s unfounded statements concerning Twitter

By Ayush Singh

Following a charge made by Zatko on Tuesday that Twitter had misled federal regulators about the true number of bots on its network, Agrawal made the following statement on Wednesday.

News

August 24, 2022

Spicejet eyes possible stake sale to raise up to Rs. 2000 crore.-thumnail

Spicejet eyes possible stake sale to raise up to Rs. 2000 crore.

By Ayush Singh

Recently, SpiceJet did an out-of-court settlement with Credit Suisse where it agreed to clear its dues. The airline had Rs 8,446 crore in lease liabilities in FY21. SpiceJet is currently

Industry

August 23, 2022

<strong>Touted as India’s largest airport service aggregator platform, Dreamfolks Services has no listed peers at the bourses.</strong>-thumnail

Touted as India’s largest airport service aggregator platform, Dreamfolks Services has no listed peers at the bourses.

By Ayush Singh

Touted as India’s largest airport service aggregator platform, Dreamfolks Services has no listed peers at the bourses. Airport service aggregator Dreamfolks Services’ initial public offering (IPO) will open for subscription

Finance

August 23, 2022

<strong>Electrical vehicle annual sales volumes set to cross 18 million by 2030</strong>-thumnail

Electrical vehicle annual sales volumes set to cross 18 million by 2030

By Ayush Singh

The FAME II incentives scheme, which was launched by the government to look into ways to make EVs cheaper and attractive to the end-users and has now been extended to

Automotive

August 23, 2022

<strong>Adani group is “deeply overleveraged” says Fitch group report.</strong>-thumnail

Adani group is “deeply overleveraged” says Fitch group report.

By Ayush Singh

“We see little evidence of promoter equity capital injections into the group companies, which we feel is needed to reduce leverage in their stretched balance sheets,” the agency said, referring

Industry

August 23, 2022

Kerala government to introduce online monitoring of medicine stock in government hospitals-thumnail

Kerala government to introduce online monitoring of medicine stock in government hospitals

By Ayush Singh

Kerala health minister said that hospital employees should use the online system of Kerala Medical Services Corporation (KMSCL) to ensure availability of medicines. Real time data of medicines will be

Healthcare

August 23, 2022

Bengaluru-based startup Mojocare raises $ 20.6 million in fresh funding-thumnail

Bengaluru-based startup Mojocare raises $ 20.6 million in fresh funding

By Ayush Singh

Founded by Ashwin Swaminathan and Rajat Gupta in May 2021, Mojocare offers personalised and full-stack care across sexual wellness, women’s wellness, mental wellness, and hair loss.   Mojocare, a full-stack

Finance

August 23, 2022

WazirX’s co-founder Nischal Shetty is raising $20 – 30 million for his blockchain startup Shardeum-thumnail

WazirX’s co-founder Nischal Shetty is raising $20 – 30 million for his blockchain startup Shardeum

By Ayush Singh

Shardeum is attempting to solve the trilemma affecting most blockchains where they have to prioritize among scalability, security and decentralization, but at best they can pick only two of these

Industry

August 23, 2022

Indian rupee slips to a four-week against dollar-thumnail

Indian rupee slips to a four-week against dollar

By Ayush Singh

Considering the extent of bad news, it is surprising that the rupee is still holding on the stronger side of 80, a currency trader at a private bank said. “It

Finance

August 23, 2022

<strong>Adani Group becomes country’s second most valued listed conglomerate in terms of market capitalization</strong>-thumnail

Adani Group becomes country’s second most valued listed conglomerate in terms of market capitalization

By Ayush Singh

Adani Group’s seven listed firms have a combined market capital of Rs 19.73 trillion, while Ambani-owned firms have an MCap of Rs 17.82 trillion. Tata Group is the India’s most-valued

Industry

August 22, 2022

<strong>Jee Main session 2022 results out, read for more details</strong>-thumnail

Jee Main session 2022 results out, read for more details

By Ayush Singh

NTA has activated two links to download and access the JEE Main result 2022. The JEE Main result has been declared after considering the objections raised by the candidates in

Education

August 8, 2022

JEE Advanced 2022 registrations are to begin today, read below for more details-thumnail

JEE Advanced 2022 registrations are to begin today, read below for more details

By Ayush Singh

However, the registration link for JEE Advanced has not been activated yet. The JEE Advanced 2022 exam is scheduled to be held on August 28. There will be 2 papers.

Education

August 8, 2022

Facebook-parent meta platforms Inc in its first to raise $10 billion through bonds-thumnail

Facebook-parent meta platforms Inc in its first to raise $10 billion through bonds

By Ayush Singh

This week has been one of the busiest of the year, with U.S. investment-grade companies raising nearly $60 billion in primary bond markets, according to Informa Global Markets data. Facebook-parent

Entertainment

August 5, 2022

As the price of bitcoin falls, Jack Dorsey’s Block slows hiring and investment-thumnail

As the price of bitcoin falls, Jack Dorsey’s Block slows hiring and investment

By Ayush Singh

Block, formerly known as Square, fell nearly 6% in extended trading on Thursday. Block Inc, led by Jack Dorsey, said it has slowed hiring and will reduce its investment target

Finance

August 5, 2022

<strong>Real estate developer DLF is evaluating bids for its “Ambience Mall” property in south Delhi</strong>-thumnail

Real estate developer DLF is evaluating bids for its “Ambience Mall” property in south Delhi

By Ayush Singh

The 1.2 million square feet “Ambience Mall” in the posh southern district of India’s capital has been put up for auction as its current owner, the Ambience Group, has not

Industry

August 5, 2022

Adani Enterprises to acquire Gujarat Road and Infrastructure Company and Swarna Tollway from Macquarie Fund-thumnail

Adani Enterprises to acquire Gujarat Road and Infrastructure Company and Swarna Tollway from Macquarie Fund

By Ayush Singh

Adani Road Transport, a subsidiary of Adani Enterprises, will acquire Gujarat Road and Infrastructure Company and Swarna Tollway for around Rs 3,110 crore from Macquarie Asia Infrastructure Fund, the company

Finance

August 5, 2022

<strong>In a first, ECB signals rate hikes; still lags behind peers.</strong>-thumnail

In a first, ECB signals rate hikes; still lags behind peers.

By Ayush Singh

Description:- The ECB said it will end bond buys on July 1 then raise interest rates by 25 basis points later that month. It will hike again in September and

Industry

June 10, 2022

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