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Waaree Energies secures $1 billion in finance from ValueQuest-thumnail

Waaree Energies secures $1 billion in finance from ValueQuest

Solar panel producer Waaree Energies Ltd. has secured $1 billion in a fundraising round headed by investment company ValueQuest, which is renowned for focusing strategically on sustainable and forward-thinking businesses.

Business

Aug 7, 2023

Jai Shekhar Sharma bets big and is now Paytm’s top shareholder-thumnail

Jai Shekhar Sharma bets big and is now Paytm’s top shareholder

An off-market transfer would be used to buy a 10.3% interest in Paytm from Antfin by a foreign company owned by Jai Shekhar Sharma.

Business

Aug 7, 2023

Dabur makes clues about D2C purchases with a focus on modern brands-thumnail

Dabur makes clues about D2C purchases with a focus on modern brands

Dabur India, a firm that produces fast-moving consumer products, is looking to buy companies in the direct-to-consumer space as it strives to get into the market for cutting-edge brands. The

Business

Aug 4, 2023

As international travel rebounded, Airbnb forecasts upbeat revenue-thumnail

As international travel rebounded, Airbnb forecasts upbeat revenue

On Thursday, Airbnb gave a third-quarter revenue prediction that was higher than market expectations, but industry concerns about a slowing domestic market caused Airbnb’s shares to decline 1.2% in after-hours

Finance

Aug 4, 2023

SBFC Finance IPO opens for public subscription today-thumnail

SBFC Finance IPO opens for public subscription today

The anticipated initial public offering (IPO) of SBFC Finance will be open, for subscription from August 3 to 7.

Finance

Aug 3, 2023

DBS Group Reports Record-Breaking Second-Quarter Profit Amidst Rising Interest Rates-thumnail

DBS Group Reports Record-Breaking Second-Quarter Profit Amidst Rising Interest Rates

Singapore’s largest bank, DBS Group, has announced a remarkable 48% surge in its second-quarter profit, beating forecasts and setting a new record.

Business

Aug 3, 2023

Asian stocks draw foreign money as US rate hikes could be nearing an end-thumnail

Asian stocks draw foreign money as US rate hikes could be nearing an end

Foreign investors purchased Asian stocks for the fourth consecutive month in July, a change from the Federal Reserve’s previous tightening cycle, which resulted in significant outflows from riskier assets.

Finance

Aug 3, 2023

PayPal’s low margin outweighs the positive spending expectation-thumnail

PayPal’s low margin outweighs the positive spending expectation

In previous quarters, analysts have expressed concern about PayPal’s underwhelming margins. The company’s low-margin business goods have risen rapidly, but branded product growth has stalled owing to rising competition from

Business

Aug 3, 2023

Over $10 billion was deposited in Apple’s high-yield savings accounts-thumnail

Over $10 billion was deposited in Apple’s high-yield savings accounts

The iPhone manufacturer estimated the entire amount of deposits at around $10 billion in a news release on Wednesday. According to Apple, that money accumulated throughout the roughly 3.5 months that Apple Card customers had the option of opening them.

Business

Aug 3, 2023

For its September IPO, SoftBank’s Arm targets a valuation of $60 billion or more-thumnail

For its September IPO, SoftBank’s Arm targets a valuation of $60 billion or more

Sources claim that Arm Ltd. a division of SoftBank Group Corp. that specialises in semiconductors, plans to go public as early as September with a valuation of $60 billion to $70 billion, signalling a bright outlook for chips including artificial intelligence.

Business

Aug 2, 2023

For the 2024 tax season, the US IRS will allow digital submissions of all tax documents-thumnail

For the 2024 tax season, the US IRS will allow digital submissions of all tax documents

The Treasury Department announced on Wednesday that the Internal Revenue Service of the United States intends to allow taxpayers to submit all paperwork and contact to the organization digitally beginning

Finance

Aug 2, 2023

Prosus-backed Fintech firm PayU gearing up for stock debut next year-thumnail

Prosus-backed Fintech firm PayU gearing up for stock debut next year

PayU, a financial technology company supported by Prosus is preparing to make its debut on the stock exchange. Its estimated value is expected to be $6- 6.5 billion. The company, led by Arvind Agarwal, who previously served as CFO, at Nykaa plans to share its draft prospectus in the year.

Finance

Aug 2, 2023


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