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MPC Revises Inflation Forecast Downwards and Raises Growth Outlook Slightly for FY24-thumnail

MPC Revises Inflation Forecast Downwards and Raises Growth Outlook Slightly for FY24

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has revised its projections for retail price inflation and economic growth for the fiscal year 2023-24. In a

Business

Apr 6, 2023

Worried investors drive VC financing for startups down 55%-thumnail

Worried investors drive VC financing for startups down 55%

American companies garnered $37 billion from venture capitalists in the first quarter of this year,The lowest sum in 13 straight quarters, according to statistics from research company PitchBook and the

Business

Apr 6, 2023

Rents are shooting through the sky in Bengaluru as the battle for apartments increases-thumnail

Rents are shooting through the sky in Bengaluru as the battle for apartments increases

Residential rents in Bengaluru have undergone a considerable spike in the last year and corporate personnel are battling to acquire homes amidst the partial reopening of companies and schools and

Business

Apr 6, 2023

“India’s Cheap Russian Crude Oil Boosts Fuel Exports to Europe and US”-thumnail

“India’s Cheap Russian Crude Oil Boosts Fuel Exports to Europe and US”

The access to cheap Russian crude oil has significantly boosted the output and profits of Indian refineries, enabling them to export refined products competitively to Europe and take a bigger

Business

Apr 6, 2023

Video telematics company LightMetrics gets $8.5 million from Sequoia Capital India-thumnail

Video telematics company LightMetrics gets $8.5 million from Sequoia Capital India

The business provides software that analyses video feeds from cameras put in cars to better understand driver conduct, minimize accidents and increase safety. LightMetrics, a video telematics business targeting commercial

Business

Apr 5, 2023

Animal-free protein producer Zero Cow Factory raises $4 million-thumnail

Animal-free protein producer Zero Cow Factory raises $4 million

The cash will be utilized to advance the company’s research and development activities, scale up manufacturing capacity, and also secure regulatory licenses to become commercial. Zero Cow Factory, a biotechnology

Business

Apr 5, 2023

Commercial leasing grew by 9% Y-o-Y during Q4 FY23 -thumnail

Commercial leasing grew by 9% Y-o-Y during Q4 FY23 

Commercial (office) leasing climbed by 9% Y-o-Y and hit 12.6 million sq ft during the Jan-Mar 2023 period, according to CBRE. Bangalore, Delhi-NCR, and Chennai accounted for 62% of the

Business

Apr 5, 2023

India’s first Apple shop launching in Mumbai-thumnail

India’s first Apple shop launching in Mumbai

The Apple shop, placed in a luxury retail complex owned by billionaire Mukesh Ambani, is positioned in the city’s major commercial sector beside international banks. Apple is a technological powerhouse

Business

Apr 5, 2023

To expand its grocery business, Reliance Retail hires ex-Amul chief Sodhi-thumnail

To expand its grocery business, Reliance Retail hires ex-Amul chief Sodhi

Amul, the cooperative that manages the nation’s largest dairy industry and the former managing director of Gujarat Cooperative Milk Marketing Federation (GCMMF) Sodhi, has joined Reliance Retail Ventures Limited, a

Business

Apr 5, 2023

Speciale Invest launches a follow-on investment fund worth Rs 200 crore-thumnail

Speciale Invest launches a follow-on investment fund worth Rs 200 crore

An initial investment of Rs 100 crore and a final corpus of Rs 200 crore are planned for the new fund, which was approved by Sebi. From Specialised Invest’s portfolio

Business

Apr 5, 2023

Paytm is leading offline payments with 6.8 million devices and has grown GMV by 40%-thumnail

Paytm is leading offline payments with 6.8 million devices and has grown GMV by 40%

Paytm, a leading provider of financial services and payments, announced on Wednesday that it has reached a new milestone in offline payments with the deployment of 6.8 million devices. Consumer

Business

Apr 5, 2023

A J&J company declares bankruptcy for a second time to pursue an $8.9 billion talc payment-thumnail

A J&J company declares bankruptcy for a second time to pursue an $8.9 billion talc payment

The accord comes in response to a court decision in January dismissing J&J’s contentious “Texas two-step” bankruptcy strategy. J&J company declares bankruptcy, in which the company attempted to transfer the

Business

Apr 5, 2023


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