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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

PwC Announces Smaller Pay Rises and Bonuses for UK Staff Amid Challenging Market Conditions-thumnail

PwC Announces Smaller Pay Rises and Bonuses for UK Staff Amid Challenging Market Conditions

Professional services firm PwC has informed its 25,000 employees in the UK to expect reduced pay rises and bonuses, and even potential freezes, due to what it describes as “challenging”

Business

Jun 28, 2023

China’s Industrial Profits Continue to Decline, Prompting Calls for Policy Support-thumnail

China’s Industrial Profits Continue to Decline, Prompting Calls for Policy Support

China’s industrial firms have witnessed a significant double-digit decline in annual profits during the first five months of the year. This decline is attributed to softening demand, which has squeezed

Business

Jun 28, 2023

40% of India’s exports may be impacted by US and European economic slowdowns-thumnail

40% of India’s exports may be impacted by US and European economic slowdowns

The impending economic slowdown in advanced nations, particularly the US and Eurozone, is expected to have an adverse effect on micro, small, and medium-sized enterprises (MSMEs), which account for about

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

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

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


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