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Baskit, a supply chain startup, assists Indonesian middlemen-thumnail

Baskit, a supply chain startup, assists Indonesian middlemen

Large brand distributors dominate the top of the supply chain, but thousands of middlemen, including wholesalers, form partnerships with retailers at the bottom. Baskit, which was founded last year, seeks to give them tools to digitize the management of their goods and services in order to assist them acquire better rates. The Indonesian firm revealed today that it has raised $3.3 million in seed funding from Betatron, Forge, 1982, Investible, DS/X, Orvel, and Michael Sampoerna. This comes three months after a $1.5 million seed round.

Business

Jun 27, 2023

ASK group planning to raise $122 million for private equity fund-thumnail

ASK group planning to raise $122 million for private equity fund

ASK Group is reportedly planning to raise a substantial sum of 10 billion rupees ($122 million) for its inaugural private credit fund, as revealed by individuals familiar with the matter.

Finance

Jun 27, 2023

CreditAccess Grameen signs a $200 million commercial loan facility-thumnail

CreditAccess Grameen signs a $200 million commercial loan facility

The largest NBFC-MFI in India, CreditAccess Grameen, has agreed to a $200 million external commercial borrowing agreement with foreign banks and Indian bank overseas branches. Twelve banks have already made

Finance

Jun 27, 2023

Meta launches Meta Quest+ a VR subscription for $7.99 per month-thumnail

Meta launches Meta Quest+ a VR subscription for $7.99 per month

In an astonishing move on Monday, Meta introduced Meta Quest+, a VR subscription service. This service promises to transport users into a realm of immersive experiences by offering two mind-altering games every month; for $7.99 per month!

Business

Jun 27, 2023

Bitcoin bounces on BlackRock excitement-thumnail

Bitcoin bounces on BlackRock excitement

Over the last 11 days, the original crypto coin has risen 20% to two-month highs of $30,182 after BlackRock, the world’s largest asset manager, unveiled plans for a spot bitcoin

Finance

Jun 27, 2023

Companies want to utilize flexible office space more often-thumnail

Companies want to utilize flexible office space more often

Since 47% of corporates plan to utilize flexible office space more over the next 12 months, it has become clear that this is the best short-term real estate portfolio strategy.

News

Jun 26, 2023

TCS partners with Standard Life Partners to enhance the customer experience for European policyholders-thumnail

TCS partners with Standard Life Partners to enhance the customer experience for European policyholders

Standard Life International DAC (SLIDAC), a division of the Phoenix Group, and Tata Consultancy Services (TCS) declared on June 26 that they will work together to improve the customer experience for policyholders in Europe and the operational model of the latter.

Business

Jun 26, 2023

Bank for International Settlements Urges Vigilance as Inflation Persists and Banking Sector Vulnerabilities Increase-thumnail

Bank for International Settlements Urges Vigilance as Inflation Persists and Banking Sector Vulnerabilities Increase

The Bank for International Settlements (BIS), the global central bank umbrella body, has issued a call for further interest rate hikes to address the persistent inflationary pressures affecting the world economy. In its annual report, the BIS warns that the global economy has reached a critical point, with countries struggling to rein in inflation and facing widespread financial vulnerabilities.

Finance

Jun 26, 2023

The in-car voice assistant for the MG Comet EV is powered by a partnership between MG Motor and Jio Platforms-thumnail

The in-car voice assistant for the MG Comet EV is powered by a partnership between MG Motor and Jio Platforms

To enable the connected vehicle capabilities in the recently released MG Comet EV, MG Motor India has teamed with Jio Platforms. Jio’s Digital Assets will be used by MG Comet

Automotive

Jun 26, 2023

This fiscal year, the Indian handicrafts sector is predicted to see a 6-8% drop-thumnail

This fiscal year, the Indian handicrafts sector is predicted to see a 6-8% drop

According to CRISIL Ratings on Monday, the heavily export-focused Indian handicraft sector would see a 6–8% decrease to $3.3 billion this fiscal year, after a 20% loss the previous year,

Industry

Jun 26, 2023

Despite Layoffs, IT  Professionals Are Decreasing Their Compensation Expectations In Favour Of A Better Work-Life Balance-thumnail

Despite Layoffs, IT  Professionals Are Decreasing Their Compensation Expectations In Favour Of A Better Work-Life Balance

With regard to compensation and work-life balance, tech workers are displaying a change in patterns. Hundreds of thousands of workers lost their employment as a result of mass layoffs at internet corporations.

Business

Jun 26, 2023

Amitabh Bachchan ventures into AI; partner with Ikonz Studio-thumnail

Amitabh Bachchan ventures into AI; partner with Ikonz Studio

Ikonz enjoys the backing of Village Global, a distinguished venture capital firm bolstered by the visionary support of luminaries such as Mark Zuckerberg, Bill Gates, Jeff Bezos, and Mike Bloomberg.

News

Jun 26, 2023


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