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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

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

Aug 14, 2023

Logistics service provider Xpressbees acquires courier company TrackOn-thumnail

Logistics service provider Xpressbees acquires courier company TrackOn

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

Aug 14, 2023

Clean energy supply chains are at risk of overconcentration, warns Yellen-thumnail

Clean energy supply chains are at risk of overconcentration, warns Yellen

U.S. Treasury Secretary Janet Yellen stated in prepared remarks for an event in Las Vegas on Monday that the country is working to create robust, diversified clean energy supply chains to safeguard its economic security while avoiding the risks presented by over-concentration in a small number of nations.

Business

Aug 14, 2023

Creating Supersonic Airliners: Boom Supersonic-thumnail

Creating Supersonic Airliners: Boom Supersonic

Boom Supersonic, an American business, is revolutionizing air travel by building the quickest supersonic aircraft. Let’s delve in to learn everything there is to know about Boom Supersonic, from its beginnings to its future goals.

Business

Aug 14, 2023

Hindenburg-Adani Group Dispute: SEBI Asks The Supreme Court For A 15-Day Delay To Finish The Investigation-thumnail

Hindenburg-Adani Group Dispute: SEBI Asks The Supreme Court For A 15-Day Delay To Finish The Investigation

The Supreme Court granted the capital markets regulator until August 14 to provide an updated progress report on the Adani Group v. Hindenburg Research case.

Business

Aug 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

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

Aug 14, 2023

UK’s YouGov considers U.S. listing after recent deal leads to growth-thumnail

UK’s YouGov considers U.S. listing after recent deal leads to growth

The pollster and data analytics company YouGov, which is listed on the London Stock Exchange, is considering a US listing, which would be the latest blow to the LSE.

Business

Aug 14, 2023

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

Open AI faces Bankruptcy amid rising operational costs; falling users

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

Aug 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

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

Aug 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

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

Aug 12, 2023

SoftBank-owned Arm is courting Big Tech for an IPO-thumnail

SoftBank-owned Arm is courting Big Tech for an IPO

SoftBank Group-owned chip manufacturer Arm is attracting funding from a number of major technology organisations ahead of what is likely to be one of the year’s largest initial public offerings.

BFSI

Aug 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.

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

Aug 12, 2023


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