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With Vision Fund falling further, SoftBank posts a $7.18 billion annual loss-thumnail

With Vision Fund falling further, SoftBank posts a $7.18 billion annual loss

The Vision Fund unit of Japan’s SoftBank Group Corp. revealed a quarterly investment loss as a result of falling tech valuations, resulting in an annual net loss of 970 billion

Business

May 11, 2023

After revealing AI “snapshots” for Google Search, Alphabet shares soar 5%, increasing the company’s market value by $56 billion-thumnail

After revealing AI “snapshots” for Google Search, Alphabet shares soar 5%, increasing the company’s market value by $56 billion

In addition to offering a new iteration of its namesake engine, Google stated that it will be implementing additional artificial intelligence for its primary search product. Alphabet shares soar 5%,

Business

May 11, 2023

HPL Electric and Power Ltd secures Rs. 204 crores in Smart Meter Orders-thumnail

HPL Electric and Power Ltd secures Rs. 204 crores in Smart Meter Orders

Leading Indian electric equipment manufacturer HPL Electric and Power Ltd. (HPL) declared today that it has received smart meter orders worth INR 204 crore from clients with a presence across

Finance

May 10, 2023

How the merger of HDFC and HDFC Bank may affect clients of HDFC FDs in terms of interest rates, depositors’ insurance, and withdrawal policies-thumnail

How the merger of HDFC and HDFC Bank may affect clients of HDFC FDs in terms of interest rates, depositors’ insurance, and withdrawal policies

By June 2023, there will be a merger of HDFC and HDFC Bank. The combined company will be called HDFC Bank. Customers of HDFC, whether they are depositors or borrowers,

Finance

May 10, 2023

A $100 million venture debt fund is closed by Stride Ventures-thumnail

A $100 million venture debt fund is closed by Stride Ventures

As a part of its strategy to take advantage of the expanding venture debt market in India, Stride Ventures has announced the first closing of its third fund at a

Finance

May 9, 2023

Heard about the Securities and Exchange Board of India (SEBI)?- Check this article-thumnail

Heard about the Securities and Exchange Board of India (SEBI)?- Check this article

The Securities and Exchange Board of India (SEBI) is an authorized body that checks regulations on securities, which are tradable financial assets along with supervision of commodity markets in our

Finance

May 9, 2023

Fitch maintains India’s credit rating at ‘BBB-‘ with a stable future perspective-thumnail

Fitch maintains India’s credit rating at ‘BBB-‘ with a stable future perspective

On Tuesday, Fitch maintains India’s credit rating at BBB and projected a stable outlook, noting the nation’s formidable growth prospects and resilient external finances as principal strengths. As per the

Finance

May 9, 2023

RBI’s Dividend to Surpass Budget Estimates with Significant Forex Trading and Lower Provisioning Requirements-thumnail

RBI’s Dividend to Surpass Budget Estimates with Significant Forex Trading and Lower Provisioning Requirements

The Reserve Bank of India (RBI) is poised to amass significant gains from its foreign exchange dealings and loans to domestic financial institutions, which will translate to a substantial boon

Finance

May 8, 2023

In its fourth early-stage fund, 3one4 Capital raises $200 million-thumnail

In its fourth early-stage fund, 3one4 Capital raises $200 million

In the midst of one of the worst fundraising winters in recent memory for the third-largest start-up ecosystem in the world, domestic venture capital (VC) firm 3one4 Capital completed its

Finance

May 8, 2023

Alibaba logistics arm is considering an IPO in Hong Kong for $2 billion: Reports-thumnail

Alibaba logistics arm is considering an IPO in Hong Kong for $2 billion: Reports

According to individuals familiar with the situation, Alibaba logistics arm intends to raise up to $2 billion through an HK offering early in the next year, raising expectations for a

Finance

May 8, 2023

Paytm plans to use generative AI for fraud detection, customer service, and onboarding: Vijay Shekhar Sharma-thumnail

Paytm plans to use generative AI for fraud detection, customer service, and onboarding: Vijay Shekhar Sharma

The founder and CEO of the fintech company, Vijay Shekhar Sharma, announced on May 6 that, Paytm plans to use generative AI for fraud detection, customer service, and onboarding, customer

Finance

May 6, 2023

ABFRL would pay Rs 1,650 crore for a majority interest in TCNS Clothing-thumnail

ABFRL would pay Rs 1,650 crore for a majority interest in TCNS Clothing

According to Kumar Mangalam Birla, chairman of the Aditya Birla Group, “This deal is yet another marker of the Aditya Birla Group’s faith in the dynamism and buoyancy of the

Business

May 6, 2023


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