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AI startup Detect technologies raises $28mn in its series B funding round-thumnail

AI startup Detect technologies raises $28mn in its series B funding round

The startup leverages technology to offer real-time monitoring and analytics related to metrics such as equipment failures, estimated life of an asset and automation of compliance to standards. Industrial artificial

Digital Transformation

Jul 16, 2022

Yes Bank Ltd’s board select JC flower asset reconstruction Co. to purchase its $6 billion worth of bad loans-thumnail

Yes Bank Ltd’s board select JC flower asset reconstruction Co. to purchase its $6 billion worth of bad loans

The bank said it now proposes to run a Swiss challenge bidding process to sell its bad loans portfolio, using JC Flowers ARC’s bid as the minimum bidding amount. However,

Finance

Jul 16, 2022

Crypto lender Celsius declares bankruptcy; owes customers $4.7 billion-thumnail

Crypto lender Celsius declares bankruptcy; owes customers $4.7 billion

According to a bankruptcy filing and a recent Financial Times investigation, Celsius, the cryptocurrency trading platform that stopped all withdrawals a month ago and filed for bankruptcy yesterday, has a

Finance

Jul 16, 2022

SBI raises interest rate on deposits with 1-2 years tenure to 5.25%-thumnail

SBI raises interest rate on deposits with 1-2 years tenure to 5.25%

The interest rates are raised on deposits with tenure between 1 year and less than 2 years, as per information on the lender’s website. State Bank of India (SBI) on

Finance

Jul 16, 2022

Blockchain startup 5ire becomes 105th unicorn in India after Series A funding-thumnail

Blockchain startup 5ire becomes 105th unicorn in India after Series A funding

Blockchain start-up 5ire said it raised $100 million in Series A funding from UK-based conglomerate SRAM & MRAM, making it the 105th unicorn in India and the 20th this year.

Finance

Jul 15, 2022

This week, HDFC plans to raise up to Rs 5,000 crore through the private issuance of bonds-thumnail

This week, HDFC plans to raise up to Rs 5,000 crore through the private issuance of bonds

According to a regulatory filing by HDFC, the secured redeemable non-convertible debentures (NCDs) will have an interest rate of 7.77%, be payable annually, and have a term of 4 years,

Finance

Jul 15, 2022

What investing alternatives are available to a new employee?-thumnail

What investing alternatives are available to a new employee?

Starting to invest and save with your first paycheck is a great idea, and if you can reduce your taxes as a result, that is an added bonus. Starting to

Finance

Jul 15, 2022

OneCard’s parent firm FPL technologies raises $102 million in series D round-thumnail

OneCard’s parent firm FPL technologies raises $102 million in series D round

It offers co-branded credit cards with banks and issues them only to customers with credit history and a good score, which it tracks through its other product OneScore, a credit

Enterprise Service

Jul 14, 2022

DAO service provider DaoLens raises a undisclosed amount from CoinDCX cofounder & Nazar technologies Ceo-thumnail

DAO service provider DaoLens raises a undisclosed amount from CoinDCX cofounder & Nazar technologies Ceo

Founded by Vikram Aditya and Apoorv Nandan in January, DaoLens is a Web3 startup eyeing to simplify how DAOs function through a suite of tools aimed at facilitating the discovery,

Finance

Jul 14, 2022

Infosys Ltd. to acquire Denmark-based BASE life sciences for $111 million-thumnail

Infosys Ltd. to acquire Denmark-based BASE life sciences for $111 million

“Over the last five years, BASE life science has delivered tremendous growth, and created a stellar life sciences consulting firm in Europe. With Infosys as our catalyst, we will be

Finance

Jul 14, 2022

HDFC Ltd to raise Rs. 5000 crores through bonds.-thumnail

HDFC Ltd to raise Rs. 5000 crores through bonds.

The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the Corporation,” HDFC said. Mortgage major HDFC Ltd will launch an issue of

Finance

Jul 14, 2022

City Union Bank and Bajaj Allianz Life Insurance have a strategic alliance-thumnail

City Union Bank and Bajaj Allianz Life Insurance have a strategic alliance

Customers of City Union Bank will be able to achieve their long-term financial objectives by purchasing value-packed products from Bajaj Allianz Life, including term, savings, retirement, investment solutions, and more.

Finance

Jul 13, 2022


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