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<strong>After raising $6.5 billion, Stripe’s valuation nearly halved to $50 billion</strong>-thumnail

After raising $6.5 billion, Stripe’s valuation nearly halved to $50 billion

The financial services company Stripe, which processes payments, raised $6.5 billion on Wednesday in a capital round supported by both current and new investors. The company was valued at a

Finance

Mar 16, 2023

<strong>RBI and the Central Bank of the UAE Work Together To Promote CBDC Cross-Border Transactions</strong>-thumnail

RBI and the Central Bank of the UAE Work Together To Promote CBDC Cross-Border Transactions

On Wednesday, March 15, the Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) signed a memorandum of understanding (MoU) to work together to

Finance

Mar 16, 2023

Sensex and Nifty50 are liable to open on a lukewarm note in the midst of negative worldwide signals: GAIL, Vedanta, and Indian Oil among stocks to observe-thumnail

Sensex and Nifty50 are liable to open on a lukewarm note in the midst of negative worldwide signals: GAIL, Vedanta, and Indian Oil among stocks to observe

India’s benchmark files Sensex and Nifty50 are probably going to open on a lukewarm note on Thursday amid negative worldwide signs. SGX Clever, an early sign of how the business

Business

Mar 16, 2023

<strong>Investigators stay hopeful about India’s main 100 stocks: Most famous 5 stocks convey twofold digit returns </strong>-thumnail

Investigators stay hopeful about India’s main 100 stocks: Most famous 5 stocks convey twofold digit returns 

While India’s corporate profit execution in the December 2022 quarter was quieted and to a great extent beneath market assumptions, examiners have remained generally bullish on the main 100 stocks

Business

Mar 15, 2023

<strong>Banks may hike MCLR by 150 bps in FY24 amid tight liquidity: Report</strong>-thumnail

Banks may hike MCLR by 150 bps in FY24 amid tight liquidity: Report

According to India Ratings and Research (Ind-Ra), commercial banks in India are expected to increase their Marginal Cost of Funds Based Lending Rate (MCLR) by 100-150 basis points (bp) in

Finance

Mar 14, 2023

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


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