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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

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

Jun 28, 2023

Nissan is unwilling to replace Ashwani Gupta’s position as COO following his resignation.-thumnail

Nissan is unwilling to replace Ashwani Gupta’s position as COO following his resignation.

The empty chief operating officer job left by Ashwani Gupta’s resignation won’t be filled, according to Nissan Motor Co.’s announcement.  Nissan is an automotive manufacturer. Nissan Motor Co Ltd. It

Business

Jun 28, 2023

Generali Faces Challenges in Shedding €20 Billion Insurance Liabilities Amidst Rising Interest Rates-thumnail

Generali Faces Challenges in Shedding €20 Billion Insurance Liabilities Amidst Rising Interest Rates

Italian insurer Assicurazioni Generali (GASI.MI) has encountered obstacles in its plans to divest up to €20 billion ($21.87 billion) of insurance liabilities as a surge in interest rates has complicated negotiations with potential buyers.

Business

Jun 28, 2023

China Takes Measures to Stabilize Falling Yuan: Signs of Unease Over Currency’s Slide-thumnail

China Takes Measures to Stabilize Falling Yuan: Signs of Unease Over Currency’s Slide

China has set a stronger trading band for its currency, the yuan, amid growing concerns over its rapid decline against the dollar. The country’s central bank, the People’s Bank of

Finance

Jun 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

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

Jun 27, 2023

The $2.5 billion project in Oman is being discussed by Vulcan Steel-thumnail

The $2.5 billion project in Oman is being discussed by Vulcan Steel

Two persons with knowledge of the conversations informed ET that Vulcan Steel, a privately held business owned by tycoon Naveen Jindal, is in talks with export credit agencies (ECAs) from

Finance

Jun 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

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

Jun 27, 2023

CreditAccess Grameen signs a $200 million commercial loan facility-thumnail

CreditAccess Grameen signs a $200 million commercial loan facility

The largest NBFC-MFI in India, CreditAccess Grameen, has agreed to a $200 million external commercial borrowing agreement with foreign banks and Indian bank overseas branches. Twelve banks have already made

Finance

Jun 27, 2023

Bitcoin bounces on BlackRock excitement-thumnail

Bitcoin bounces on BlackRock excitement

Over the last 11 days, the original crypto coin has risen 20% to two-month highs of $30,182 after BlackRock, the world’s largest asset manager, unveiled plans for a spot bitcoin

Finance

Jun 27, 2023

Bank for International Settlements Urges Vigilance as Inflation Persists and Banking Sector Vulnerabilities Increase-thumnail

Bank for International Settlements Urges Vigilance as Inflation Persists and Banking Sector Vulnerabilities Increase

The Bank for International Settlements (BIS), the global central bank umbrella body, has issued a call for further interest rate hikes to address the persistent inflationary pressures affecting the world economy. In its annual report, the BIS warns that the global economy has reached a critical point, with countries struggling to rein in inflation and facing widespread financial vulnerabilities.

Finance

Jun 26, 2023

Shree Cement shares slump 10% on tax evasion reports-thumnail

Shree Cement shares slump 10% on tax evasion reports

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

Jun 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

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

Jun 24, 2023


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