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Life Insurance Corporation (LIC) acquires a 6.66 percent stake in Jio Financial Services-thumnail

Life Insurance Corporation (LIC) acquires a 6.66 percent stake in Jio Financial Services

Life Insurance Corporation (LIC) has recently purchased 6.66% of Jio Financial Services, which’s the banking financial division of Reliance Group led by Mukesh Ambani.

Business

Aug 22, 2023

Reliance Jio may launch its fixed wireless access (FWA) device Jio AirFiber at a 20% discount-thumnail

Reliance Jio may launch its fixed wireless access (FWA) device Jio AirFiber at a 20% discount

Reliance Jio, one of India’s telecommunications providers is preparing to unveil a device called Jio AirFiber that is specifically designed for consumers. Anticipated to be launched during the season this device may provide customers with a discount of, up to 20% when compared to alternatives.

Business

Aug 22, 2023

India receives its own NCAP grade for the safety of motor vehicles-thumnail

India receives its own NCAP grade for the safety of motor vehicles

In order to evaluate the safety of new automobiles, the government will introduce the Bharat New Car Assessment Programme (NCAP) in October.

News

Aug 22, 2023

In the months leading up to festivals, staffing demand increases by 23%, according to Quess statistics-thumnail

In the months leading up to festivals, staffing demand increases by 23%, according to Quess statistics

According to the most recent data from top business services provider Quess, the staffing demand increases by 23% from April to August compared to the same period last year as businesses in a variety of sectors, including banking and financial services, retail, and telecom, among others, intensified their hiring campaigns to meet the rise in consumer demand during the upcoming holiday season.

Business

Aug 22, 2023

Chinese cathode billionaire targets US battery market through South Korea IPO-thumnail

Chinese cathode billionaire targets US battery market through South Korea IPO

In spite of Joe Biden’s measures intended to reduce dependency on China, a Chinese billionaire who controls a crucial link in the battery supply chain is in discussions to list a portion of his enterprise in South Korea.

Business

Aug 22, 2023

SaaS startup Wootz.work raises $3.5 Mn in a seed round-thumnail

SaaS startup Wootz.work raises $3.5 Mn in a seed round

Wootz.work, a startup that offers Software as a Service (SaaS) has successfully raised $3.5 million, in seed funding.

Investment & Funding

Aug 22, 2023

For a $250 million investment into Mahindra InvIT, international investors APG, IFC, and AIIB compete-thumnail

For a $250 million investment into Mahindra InvIT, international investors APG, IFC, and AIIB compete

Dutch pension fund APG Asset Management are among the international investors competing to invest up to $250 million (roughly 2,080 crores) in Mahindra InvIT, according to an Economic Times report. 

Business

Aug 22, 2023

German car manufacturer Porsche planning to begin assembly of the Cayenne SUV in India-thumnail

German car manufacturer Porsche planning to begin assembly of the Cayenne SUV in India

Porsche, the luxury car manufacturer, from Germany, is apparently exploring the possibility of manufacturing its SUV, Cayenne in India.

Automotive

Aug 22, 2023

Bodhi Tree Systems buys an additional 2.89% stake in Viacom18 for Rs 953.23 crore-thumnail

Bodhi Tree Systems buys an additional 2.89% stake in Viacom18 for Rs 953.23 crore

Bodhi Tree Systems under the leadership of Uday Shankar and James Murdoch has recently purchased a 2.89% stake, in Viacom18 for an investment of Rs 953.23 crore.

Business

Aug 22, 2023

Retail traders of the US eye a fresh piece of the crypto derivatives pie-thumnail

Retail traders of the US eye a fresh piece of the crypto derivatives pie

Mom-and-pop bitcoin enthusiasts in America now have access to a brand-new derivatives playground that cryptocurrency specialists believe could revitalize a dormant sector.

News

Aug 22, 2023

Multiple US banks were downgraded by S&P because of ‘tough’ operating conditions-thumnail

Multiple US banks were downgraded by S&P because of ‘tough’ operating conditions

Following a similar decision by Moody’s, S&P Global reduced credit ratings and downgraded outlooks for a number of U.S. banks on Monday, warning that funding problems and declining profitability will probably put the sector’s credit strength to the test.

News

Aug 22, 2023

ISRO Updates The Public On Chandrayaan-3 As The World Waits For The Launch On August 23-thumnail

ISRO Updates The Public On Chandrayaan-3 As The World Waits For The Launch On August 23

The Indian Space Research Organization (ISRO) on Monday released photos of the moon taken on August 19 by the Lander Hazard Detection and Avoidance Camera (LHDAC) mounted on Chandrayaan-3

News

Aug 21, 2023


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