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HDFC Bank becomes first to provide interoperability between UPI and CBDC-thumnail

HDFC Bank becomes first to provide interoperability between UPI and CBDC

HDFC Bank, recognized as India’s largest private sector bank has accomplished an extraordinary feat by achieving interoperability between the United Payment Interface (UPI) and Central Bank Digital Currency (CBDC). Thanks

Finance

Jul 13, 2023

World’s largest climate fund makes it’s biggest water investment-thumnail

World’s largest climate fund makes it’s biggest water investment

The largest global climate fund on the planet has taken a significant step forward by investing $235 million in a funding facility that will support water reuse in South Africa.

Insights

Jul 13, 2023

KPMG will invest $2 Billion in AI and Cloud Services-thumnail

KPMG will invest $2 Billion in AI and Cloud Services

Through expanded cooperation with Microsoft, KPMG aims to invest $2 billion in artificial intelligence and cloud services across its business lines internationally over the next five years, the latest effort by a Big Four accounting firm to double down on the technologies.

Artificial Intelligence

Jul 12, 2023

Oritain secures $57 million in funding for their forensic, big-data scientific approach to tracking the origin of commodities-thumnail

Oritain secures $57 million in funding for their forensic, big-data scientific approach to tracking the origin of commodities

Global supply chains have shrunk the world by allowing us to get almost everything we want at the touch of a button. However, when it comes to things like authenticating

Business

Jul 12, 2023

Utkarsh small finance bank raises 223 crores from anchor investors; IPO opens for Public-thumnail

Utkarsh small finance bank raises 223 crores from anchor investors; IPO opens for Public

Utkarsh Small Finance Bank has successfully raised Rs 223 crore from anchor investors prior to its initial share sale.

Investment & Funding

Jul 12, 2023

Zepto to become 1st unicorn of 2023 after a $150 million Series E round-thumnail

Zepto to become 1st unicorn of 2023 after a $150 million Series E round

Zepto is an Indian startup is on track to become the first unicorn of 2023 in the country. Thanks to an expected $150 million Series E funding round. Led by StepStone Group and supported by Nexus Venture Partners. This funding will elevate Zepto’s valuation to $1.3 billion. The swift commerce delivery startup has garnered recognition for its commitment to delivering groceries within 10 minutes.

Investment & Funding

Jul 12, 2023

Wadia Group is in talks with investors to form a joint bid for Go First-thumnail

Wadia Group is in talks with investors to form a joint bid for Go First

Amidst ongoing challenges faced by Go First Airlines in resuming their operations, there is a focused effort by the Wadia Group towards finding suitable partners who can assist them in reclaiming ownership. These partnerships may come through joint bids involving financial investors who are presently engaging in discussions with the group after assessing Go First’s airworthiness status thoroughly. Furthermore, it should be acknowledged that former promoters Nusli Wadia and his family retain eligibility for participation in any forthcoming bidding processes related to this venture. Importantly, one must remember that engine issues were the primary reason behind Go First filing for bankruptcy.

Business

Jul 11, 2023

Government to invite financial bids for IDBI bank stake sale by december-thumnail

Government to invite financial bids for IDBI bank stake sale by december

The government expects to invite financial bids for the strategic sale of IDBI Bank by December, aiming to generate around Rs 16,000 crore. The Department of Investment and Public Asset

Indian Govt

Jul 11, 2023

AHH would invest Rs 10 crore in technologically advanced NICUs-thumnail

AHH would invest Rs 10 crore in technologically advanced NICUs

Asia Healthcare Holdings or AHH is increasing its investments in its technologically advanced remote ICU solution for neonatal care.

Business

Jul 11, 2023

UK to allocate 5% of their default pension funds for investment into unlisted startups-thumnail

UK to allocate 5% of their default pension funds for investment into unlisted startups

The UK government’s proposed reforms were presented by Finance Minister Jeremy Hunt. Seek to unleash a substantial amount of money from pension funds. The goal is to stimulate investments in early-stage companies and ultimately bolster economic growth. Furthermore, these changes aim to enhance pensioners’ returns by giving them the opportunity to invest in unlisted startups.

Economy

Jul 11, 2023

Thames Water Secures £750 Million Investment but Warns of Future Equity Needs-thumnail

Thames Water Secures £750 Million Investment but Warns of Future Equity Needs

Thames Water, the largest water company in Britain, announced on Monday that its investors had agreed to inject £750 million ($960 million) into the troubled business

Business

Jul 10, 2023

Adani Green planning to raise $1.5 bn in funding through QIP-thumnail

Adani Green planning to raise $1.5 bn in funding through QIP

Indian billionaire Gautam Adanis’ company Adani Green Energy Ltd. is said to be considering raising around $1.5 billion in order to facilitate the conglomerates’ shift towards renewable energy. The board

Insights

Jul 6, 2023


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