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Startling Findings: Massive Fraud Unearthed in U.S. COVID-19 Relief Programs, Federal Watchdog Reports-thumnail

Startling Findings: Massive Fraud Unearthed in U.S. COVID-19 Relief Programs, Federal Watchdog Reports

A bombshell report from a federal watchdog has exposed a staggering case of potential fraud in the U.S. government’s COVID-19 relief programs, revealing a mind-boggling theft of over $200 billion.

Healthcare

Jun 28, 2023

Reduce prices to boost sales of FMCG products-thumnail

Reduce prices to boost sales of FMCG products

To fend off competition and assure volume recovery, producers of fast-moving consumer products would need to resort to further price reductions, according to analysts at BNP Paribas. Undoubtedly, during the

BFSI

Jun 28, 2023

Google to launch an accelerator program for government-backed ONDC-thumnail

Google to launch an accelerator program for government-backed ONDC

The accelerator program entails Google offering its core infrastructure application programming interfaces (APIs) to ONDC participants as an open-source solution. Moreover, Google plans to provide retail search and generative AI

Business

Jun 28, 2023

The agritech-focused Omnivore closes its third fund at $150 million for the first time-thumnail

The agritech-focused Omnivore closes its third fund at $150 million for the first time

Omnivore, a venture capital firm that specialises in agritech, has announced the first closing of its third fund at $150 million (about Rs. 1,250 crore). The Omnivore Agritech & Climate

Finance

Jun 28, 2023

Prosus reduces Byju’s valuation to 5.1 billion; rights off investment in ZestMoney to zero-thumnail

Prosus reduces Byju’s valuation to 5.1 billion; rights off investment in ZestMoney to zero

The latest adjustment in the fair value of Prosus’ stake in Byju’s is a significant decrease, translating to an enterprise valuation of approximately $5.1 billion compared to the $22 billion

Business

Jun 28, 2023

TCS secures contract for operating government procurement portal, GeM-thumnail

TCS secures contract for operating government procurement portal, GeM

According to government reports, GeM achieved a noteworthy milestone in the financial year 2022-23 (FY23) by surpassing the INR 2 Lakh Cr procurement mark. GeM, an initiative launched in August

Business

Jun 28, 2023

Epiq Capital successfully closes fund raising for Eqip Capital II with $225 mn in bank-thumnail

Epiq Capital successfully closes fund raising for Eqip Capital II with $225 mn in bank

Epiq Capital, founded in April 2016 by the former managing director of Matrix Partners India, Navani, boasts an impressive portfolio including Lenskart, a unicorn in the eyewear industry, Dailyhunt, a

Finance

Jun 28, 2023

Nissan is unwilling to replace Ashwani Gupta’s position as COO following his resignation.-thumnail

Nissan is unwilling to replace Ashwani Gupta’s position as COO following his resignation.

The empty chief operating officer job left by Ashwani Gupta’s resignation won’t be filled, according to Nissan Motor Co.’s announcement.  Nissan is an automotive manufacturer. Nissan Motor Co Ltd. It

Business

Jun 28, 2023

Generali Faces Challenges in Shedding €20 Billion Insurance Liabilities Amidst Rising Interest Rates-thumnail

Generali Faces Challenges in Shedding €20 Billion Insurance Liabilities Amidst Rising Interest Rates

Italian insurer Assicurazioni Generali (GASI.MI) has encountered obstacles in its plans to divest up to €20 billion ($21.87 billion) of insurance liabilities as a surge in interest rates has complicated negotiations with potential buyers.

Business

Jun 28, 2023

Promoter entities raised $1 billion by selling shares of Adani Green Energy and AEL-thumnail

Promoter entities raised $1 billion by selling shares of Adani Green Energy and AEL

To generate $1 billion, the Adani Group’s promoter companies sold a portion of their ownership in their flagship company, Adani Enterprises, as well as in Adani Green Energy.

Business

Jun 28, 2023

Flowie wants invoices to flow freely-thumnail

Flowie wants invoices to flow freely

Meet Flowie, a new French startup that seeks to make money transfers between businesses easier. The company centralizes all accounts receivable and payable information so that everyone in the company can view essential information when it comes to getting paid by clients and receiving money from suppliers.

News

Jun 28, 2023

China Takes Measures to Stabilize Falling Yuan: Signs of Unease Over Currency’s Slide-thumnail

China Takes Measures to Stabilize Falling Yuan: Signs of Unease Over Currency’s Slide

China has set a stronger trading band for its currency, the yuan, amid growing concerns over its rapid decline against the dollar. The country’s central bank, the People’s Bank of

Finance

Jun 27, 2023


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