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<strong>Foreign trade settlements in Chinese yuan will be discouraged in India</strong>-thumnail

Foreign trade settlements in Chinese yuan will be discouraged in India

According to three government officials engaged in policymaking and two banking sources, India has requested banks and merchants refrain from using Chinese yuan to pay for Russian goods due to

Business

Mar 14, 2023

<strong>The Volkswagen Group plans to build a large battery factory in Canada for electric vehicles</strong>-thumnail

The Volkswagen Group plans to build a large battery factory in Canada for electric vehicles

The battery manufacturer PowerCo of the European carmaker Volkswagen has announced plans to build its first “gigafactory” for manufacturing battery cells outside of Europe in St. Thomas, southwest Ontario. The

Business

Mar 14, 2023

BharatPe clarifies that there will be no settlement with Ashneer Grover and his family-thumnail

BharatPe clarifies that there will be no settlement with Ashneer Grover and his family

In a statement to BT, the fintech major said that they have “full faith” in the country’s judicial and legal systems. “Media reports suggesting any settlement between BharatPe and Mr.

Business

Mar 14, 2023

<strong>PM Modi meets Nokia CEO Pekka Lundmark to discuss next-generation digital infrastructure</strong>-thumnail

PM Modi meets Nokia CEO Pekka Lundmark to discuss next-generation digital infrastructure

At a “fruitful meeting” with Nokia President and CEO Pekka Lundmark, Prime Minister Narendra Modi addressed next-generation digital infrastructure. In a tweet, the prime minister acknowledged the change. A productive

Business

Mar 14, 2023

Official: Shriram Finance Targets £2.44bn Fundraising in FY24 to Support Business Expansion-thumnail

Official: Shriram Finance Targets £2.44bn Fundraising in FY24 to Support Business Expansion

Shriram Finance, a retail non-banking finance company (NBFC) in India, is planning to raise up to INR200bn ($2.44bn) in the next financial year starting in April to fund its growth.

Business

Mar 13, 2023

Paytm now has 89 million monthly active users and dominates offline payments-thumnail

Paytm now has 89 million monthly active users and dominates offline payments

Paytm, a leading provider of digital payments and financial services released it’s business operational results on Monday for the two months that ended in February 2023.  The average Monthly Transacting

Business

Mar 13, 2023

<strong>Welspun One Logistics launches an alternative investment fund for warehousing worth Rs 2,000 crore</strong>-thumnail

Welspun One Logistics launches an alternative investment fund for warehousing worth Rs 2,000 crore

Welspun One Logistics Parks (WOLP), an integrated fund and development management platform with a focus on industrial and warehousing real estate, announced the formation of its second fund, with a

Business

Mar 13, 2023

Nepal regulates ban on solo trekking-thumnail

Nepal regulates ban on solo trekking

This new regulation applies to all international tourists of all experience levels on treks in Nepal’s national park.  The mandatory ban on solo trekking will be effective from 1st April

Business

Mar 13, 2023

Arvind Krishna who is the CEO of IBM receives compensation of $16.5 Million-thumnail

Arvind Krishna who is the CEO of IBM receives compensation of $16.5 Million

Per the filings, the CEO’s base salary is around $1.5 Million but $8.9 Million was earned through stock awards and $2 Million was earned in options.  IBM (International Business Machines)

Business

Mar 13, 2023

The stock of Tech Mahindra has risen as a result of the CEO appointment, but be wary of the euphoria-thumnail

The stock of Tech Mahindra has risen as a result of the CEO appointment, but be wary of the euphoria

Analysts believe that the leadership change will have little impact on the company’s earnings fundamentals in the medium term and that reviving growth fundamentals will be a gradual process. The

Business

Mar 13, 2023

“PhonePe achieves $1 trillion annual payment value run rate and secures license”-thumnail

“PhonePe achieves $1 trillion annual payment value run rate and secures license”

PhonePe, a digital payments platform, announced on Saturday that it has achieved an annualized total payment value (TPV) run rate of $1 trillion, or Rs 84 lakh crore, primarily due

Business

Mar 11, 2023

<strong>Partnerships between India and the United States will facilitate bilateral trade of $500 billion</strong>-thumnail

Partnerships between India and the United States will facilitate bilateral trade of $500 billion

An MOU on semiconductors and certain statements about the US-India Strategic Trade Dialogue marked the conclusion of the recent visit to India by US Secretary of Commerce Gina Raimondo. In

Business

Mar 11, 2023


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