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Breached Security: Euler Finance Loses $197 Mn to Cybercriminals”-thumnail

Breached Security: Euler Finance Loses $197 Mn to Cybercriminals”

Cyber-criminals have stolen $197 million in cryptocurrencies from Euler Finance, a crypto lending platform. This attack is one of many cryptocurrency heists in recent years, which have resulted in billions

Finance

Mar 14, 2023

Too-big-to-fail US lenders rake in deposits after three banks fail-thumnail

Too-big-to-fail US lenders rake in deposits after three banks fail

In the wake of the recent back-to-back collapses of three smaller banks, fear has gripped depositors who are worried that the crisis may spread. As a result, the largest banks

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

SaaS firm Freshworks says exposure to Silicon Valley Bank minimal-thumnail

SaaS firm Freshworks says exposure to Silicon Valley Bank minimal

Chennai-based business software firm Freshworks has stated that its exposure to failed American lender Silicon Valley Bank (SVB) is minimal and that it has not seen any disruption. In a

Finance

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

SVB Crisis: What caused the bankruptcy of the bank that startups favored?-thumnail

SVB Crisis: What caused the bankruptcy of the bank that startups favored?

The Silicon Valley Bank: What is it? What caused it to fall? Will buyers be refunded their money? How will the bankruptcy of SVB affect startups? Would the SVB bankruptcy

Finance

Mar 13, 2023

China’s New Premier Li states the difficulty to achieve five GDP targets this year-thumnail

China’s New Premier Li states the difficulty to achieve five GDP targets this year

Li Qiang mentioned that it is difficult in achieving five percent GDP during slow economic growth.  China’s new Premier Li Qiang said on Monday that reaching the 5% GDP target

Finance

Mar 13, 2023

Failure of Silicon Valley Bank underscores the unpredictability of cryptocurrency funds”-thumnail

Failure of Silicon Valley Bank underscores the unpredictability of cryptocurrency funds”

Last week, the collapse of Silicon Valley Bank, where around 8% of Circle Internet Financial Ltd.’s USD Coin (USDC) reserves were deposited, caused the stablecoin to fall below its $1

Finance

Mar 13, 2023

<strong>After Silicon Valley Bank, Signature Bank is the next victim of banking turmoil</strong>-thumnail

After Silicon Valley Bank, Signature Bank is the next victim of banking turmoil

In the third-largest failure in US banking history, New York-based Signature Bank was shut down by state regulators on Sunday, only two days after Silicon Valley Bank was shut down

Finance

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

Net direct tax collection hits Rs 13.73 trn, 83% of FY23 revised estimate-thumnail

Net direct tax collection hits Rs 13.73 trn, 83% of FY23 revised estimate

According to the Central Board of Direct Taxes (CBDT), net direct tax collection in India has grown by 17% to reach Rs 13.73 lakh crore so far this fiscal year.

Finance

Mar 11, 2023

Operating revenue more than doubles to INR 29 Cr, and Yulu’s FY22 loss narrows to INR 55.5 Cr-thumnail

Operating revenue more than doubles to INR 29 Cr, and Yulu’s FY22 loss narrows to INR 55.5 Cr

With the help of a tax credit, electric mobility startup Yulu’s net loss decreased from INR 61.1 Cr to INR 55.5 Cr in the fiscal year 2021–2022 (FY22). In FY22,

Finance

Mar 11, 2023


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