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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

UPI inches too close to the target of 1000 cr. transactions per month mark-thumnail

UPI inches too close to the target of 1000 cr. transactions per month mark

In July the Unified Payments Interface (UPI) witnessed a recovery by experiencing a 6.6% increase, in the number of transactions reaching a total of 996 crores.

Finance

Aug 2, 2023

Fitch downgrades US long-term foreign currency issuer default rating to AA+ from AAA-thumnail

Fitch downgrades US long-term foreign currency issuer default rating to AA+ from AAA

Fitch Ratings has recently lowered the US term foreign currency default rating, from AAA to AA+. This decision was primarily influenced by anticipated decline, erosion in governance and the increasing

Finance

Aug 2, 2023

Resilient Growth in Indian Manufacturing Activity Despite Global Declines-thumnail

Resilient Growth in Indian Manufacturing Activity Despite Global Declines

India’s manufacturing sector demonstrated continued resilience in July, as indicated by a private business survey conducted by S&P Global. While the pace of expansion eased for a second consecutive month,

Economy

Aug 1, 2023

Asia’s Factory Activity Contracts in July Amid Global Slowdown and China’s Weakness-thumnail

Asia’s Factory Activity Contracts in July Amid Global Slowdown and China’s Weakness

Asia’s factory activity shrank in July, as shown by private surveys, signaling a slowdown in global growth and the impact of China’s weakening economy on the region’s fragile recovery.

Business

Aug 1, 2023

Users using Google Pay, PhonePe, and Paytm, beware! Yes Bank has some exciting news for you-thumnail

Users using Google Pay, PhonePe, and Paytm, beware! Yes Bank has some exciting news for you

YES BANK introduces UPI payments via RuPay Credit Cards, allowing consumers to link their credit card to UPI-enabled apps for faster and more secure transactions. YES BANK has introduced UPI

Finance

Aug 1, 2023

HSBC announces $2 billion share buyback and 10 cent dividend as profit soars in the first half-thumnail

HSBC announces $2 billion share buyback and 10 cent dividend as profit soars in the first half

HSBC in Europe with a market value of $162 billion had an impressive first-half performance. Its profits more than doubled to $21.7 billion thanks to the increase in interest rates

Finance

Aug 1, 2023

OMC decreases the price of commercial cylinders by Rs. 99.75; increases ATF by 8.5%-thumnail

OMC decreases the price of commercial cylinders by Rs. 99.75; increases ATF by 8.5%

“Oil marketing companies have reduced commercial cylinders or LPG gas prices, benefiting businesses with lower costs. Domestic cooking gas rates remain unchanged.

Business

Aug 1, 2023

Fintech startup RupeeRedee secures $3.5 mn in funding-thumnail

Fintech startup RupeeRedee secures $3.5 mn in funding

RupeeRedee, a fintech startup in India, secured $3.5 million in equity funding from its parent company Digital Finance International. This funding aims to expand its operations and enhance product offerings,

Finance

Jul 31, 2023

As the market tempers its growth pessimism, Goldman upgrades its oil demand outlook-thumnail

As the market tempers its growth pessimism, Goldman upgrades its oil demand outlook

While maintaining its 12-month Brent price forecast of $93 per barrel, Goldman Sachs revised up its global oil demand forecast for the year on Sunday as higher realised inventories offset

Finance

Jul 31, 2023


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