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Inflation in the UK slowed sharply in June to 7.9%-thumnail

Inflation in the UK slowed sharply in June to 7.9%

According to official figures, inflation in the UK dropped more than forecast in June and slowed to 7.9%, which will lessen pressure on the Bank of England to continue hiking interest rates substantially.

Economy

Jul 19, 2023

Satya Nadella, the CEO of Microsoft, joins Threads What he wrote in his initial app post-thumnail

Satya Nadella, the CEO of Microsoft, joins Threads What he wrote in his initial app post

Microsoft’s CEO Satya Nadella has joined Threads, a Meta-developed alternative to Twitter. This coincides with Microsoft and Meta forming a new AI relationship.

News

Jul 19, 2023

In Season 1, Sharks invested in 27 of 65 committed agreements-thumnail

In Season 1, Sharks invested in 27 of 65 committed agreements

Research by PrivateCircle Research shows that more than a year after Shark Tank India Season 1, seven sharks invested in 27 of 65 committed agreements.

Business

Jul 19, 2023

Live streamers from China are focusing on TikTok sales to consumers in the US and Europe-thumnail

Live streamers from China are focusing on TikTok sales to consumers in the US and Europe

Despite doubts about the platform’s future in the US and other countries, live streamers from China have focused on TikTok users in the US and Europe, peddling anything from bags and clothing to crystals with an eye on a potentially profitable market.

Business

Jul 19, 2023

Improved panel supplies stabilize US solar contract prices: report-thumnail

Improved panel supplies stabilize US solar contract prices: report

US solar contract costs experienced their first quarterly fall in more than three years as difficulties sourcing panel supplies eased and projects enjoyed strong demand associated with President Joe Biden’s historic climate change measure.

News

Jul 18, 2023

Infosys signs five-year AI contract with $2 billion spending goal-thumnail

Infosys signs five-year AI contract with $2 billion spending goal

A $2 billion contract spread over five years has been awarded to Infosys, a leading provider of IT services. According to a late-Monday filing to the stock exchanges, the deal

News

Jul 18, 2023

PharmEasy’s parent company planning to raise Rs. 2000- 3000 crore through rights issue-thumnail

PharmEasy’s parent company planning to raise Rs. 2000- 3000 crore through rights issue

PharmEasy’s parent company, API Holdings, has set its sights on generating capital through a rights issue valued between Rs 2,000 to Rs 3,000 crore. If current shareholders choose not to

Industry

Jul 18, 2023

Clarious ARBL Holding planning to offload its 14% stake in Amara Raja Batteries; shares fall 6%-thumnail

Clarious ARBL Holding planning to offload its 14% stake in Amara Raja Batteries; shares fall 6%

This anticipated stake sale marks Clarios’ second retreat from Amara Raja in less than two years. In a previous instance, Clarios curtailed its shareholding by 10 percent, executing a substantial

News

Jul 18, 2023

Tesla’s board has agreed to settle a shareholder lawsuit for $735 million-thumnail

Tesla’s board has agreed to settle a shareholder lawsuit for $735 million

In order to resolve a lawsuit brought by the shareholders, Elon Musk-led Tesla’s board of directors will pay back $735 million to the business, which is equal to the value of 3.1 million Tesla stock options. Additionally, Tesla directors have agreed that they would not be paid in 2021, 2022, or 2023 while the board also changes how remuneration is decided.

Business

Jul 18, 2023

OneCard and WintWealth eyeing NBFC license from RBI to venture into lending-thumnail

OneCard and WintWealth eyeing NBFC license from RBI to venture into lending

Reports suggest that OneCard, a fintech unicorn, and WintWealth, an emerging startup, are both looking to obtain licenses as non-banking finance companies (NBFCs). This move will see them join the

News

Jul 18, 2023

Insurance startup RenewBuy raises $40 million in funding from Dai-ichi Life Holdings-thumnail

Insurance startup RenewBuy raises $40 million in funding from Dai-ichi Life Holdings

As part of its ongoing Series D round, insurtech startup RenewBuy has successfully raised $40 million from Dai-ichi Life Holdings, Inc. This Indian company stands out for its ability to

News

Jul 18, 2023

Rising Corporate Debt Defaults Pose Global Economic Slowdown Risks-thumnail

Rising Corporate Debt Defaults Pose Global Economic Slowdown Risks

The specter of rising corporate debt defaults has long been disregarded by resilient credit markets, but now the fears are starting to materialize. Companies are facing downgrades to junk credit

Economy

Jul 18, 2023


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