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World bank approves $200 million to increase and refoirm Himachal Pradesh’s Hydropower capacity.-thumnail

World bank approves $200 million to increase and refoirm Himachal Pradesh’s Hydropower capacity.

In a statement released on a fine Wednesday, the World Bank declared that this substantial funding would play a pivotal role in empowering the state to fortify its renewable energy

Business

Jun 28, 2023

Scapia; Flipkart veteran Anil Goeteti’s travel credit card startup raises $9 million-thumnail

Scapia; Flipkart veteran Anil Goeteti’s travel credit card startup raises $9 million

Over the past year, Scapia, headquartered in Bengaluru, had maintained a secretive stance but officially unveiled itself on June 15. The company proudly offers a co-branded credit card and an

Investment & Funding

Jun 28, 2023

Sekura is in discussions to acquire the $670 million in road assets owned by Ashoka Buildcon-thumnail

Sekura is in discussions to acquire the $670 million in road assets owned by Ashoka Buildcon

According to two people with knowledge of the situation, Sekura, an infrastructure platform owned by the Edelweiss Infrastructure Yield fund, has opened exclusive negotiations to purchase a portfolio of 11

Business

Jun 28, 2023

WEF ranks India 67th in Energy Transition Index, Sweden tops the list-thumnail

WEF ranks India 67th in Energy Transition Index, Sweden tops the list

India is the only large country with energy transition momentum that is accelerating across all dimensions, according to the World Economic Forum, which put India at 67th in the world

Business

Jun 28, 2023

A report says India produced 2.7 crore vehicles in FY23 worth $108 billion-thumnail

A report says India produced 2.7 crore vehicles in FY23 worth $108 billion

In FY23, the Indian auto sector produced a staggering 2.7 crore vehicles across segments and kinds, valued at over USD 108 billion (Rs 8.7 lakh crore), with the passenger vehicle

Business

Jun 28, 2023

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


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