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Singapore’s CapitaLand Investment launches  $390 mn fund to invest in Indian Business Parks-thumnail

Singapore’s CapitaLand Investment launches  $390 mn fund to invest in Indian Business Parks

CapitaLand Investment Limited (CLI) is launching CapitaLand India Growth Fund 2 (CIGF2) an initiative, with a value of S$525 million. The focus of this fund is on acquiring high-quality Grade A business parks in cities across India

Business

Aug 10, 2023

Network International’s sales and profit are increasing due to increased demand-thumnail

Network International’s sales and profit are increasing due to increased demand

The United Arab Emirates, Network International’s home market, has seen great development, with high consumer expenditure thanks to the region’s healthy tourism.

Business

Aug 10, 2023

VC firm Antler launches platform to help Founders build for and engage with ONDC-thumnail

VC firm Antler launches platform to help Founders build for and engage with ONDC

Antler, a venture capital firm, in its stages, has introduced a platform in collaboration with Infosys Nandan Nilekani to assist entrepreneurs in establishing a digital commerce network (ONDC). The ONDC

Business

Aug 10, 2023

RBI increases UPI Lite transaction limit to Rs. 500 cr; totally PIN Free-thumnail

RBI increases UPI Lite transaction limit to Rs. 500 cr; totally PIN Free

RBI proposes raising the UPI Lite transaction limit to Rs 500 for smoother small-value payments, reducing authentication for speed. NFC tech enables offline payments, addressing weak connectivity issues.

Business

Aug 10, 2023

Japan’s Core Inflation Softens Amid Global Economic Challenges-thumnail

Japan’s Core Inflation Softens Amid Global Economic Challenges

In the midst of global economic uncertainties, Japan’s core inflation is expected to have eased in July, as indicated by a recent Reuters poll of analysts. This softening trend can be attributed to the impact of softer commodity prices, exerting downward pressure on inflationary measures.

Economy

Aug 10, 2023

RBI keeps the repo rate unchanged at 6.5%; GDP projection for FY24 at 6.5%-thumnail

RBI keeps the repo rate unchanged at 6.5%; GDP projection for FY24 at 6.5%

RBI Governor Shaktikanta Das announced the third consecutive pause on rate hikes by the monetary policy committee, signaling readiness to act if needed.

Finance

Aug 10, 2023

The Indian government just gave Google, Facebook, and other digital companies a tonne of work! This is what they need to accomplish-thumnail

The Indian government just gave Google, Facebook, and other digital companies a tonne of work! This is what they need to accomplish

The nation’s first piece of law to protect personal data was adopted by the Parliament on Wednesday, a significant milestone. The bill is called the Digital Personal Data Protection Bill (DPDP). The bill has been designed to be adaptive to changing technical ideas, enabling the addition of new data concepts without calling for further modifications, according to Minister of Communications and Information Technology Ashwini Vaishnaw.

Indian Govt

Aug 10, 2023

In a new supervision push, China requires all applications to submit business facts-thumnail

In a new supervision push, China requires all applications to submit business facts

The Ministry of Industry and Information Technology (MIIT) said late Tuesday that applications that do not have correct files would be penalised after the grace period expires in March of

Business

Aug 10, 2023

Disney+Hostar reports the biggest decline in subscriber base in the June quarter-thumnail

Disney+Hostar reports the biggest decline in subscriber base in the June quarter

Disney+ Hotstar, a streaming platform, in India, faced a setback during the June quarter as it experienced a decline of 24% in its subscriber base. This translates to a loss of 12.5 million users. The platform has been witnessing declines mainly due to the loss of broadcasting rights for the Indian Premier League (IPL) and the conclusion of partnerships with HBO. In addition to that the rise of JioCinema, as a competitor and its introduction of content have further contributed to Hotstars decline.

Business

Aug 10, 2023

KRAFTON will spend $150 million in the startup ecosystem as part of its India-first strategy-thumnail

KRAFTON will spend $150 million in the startup ecosystem as part of its India-first strategy

The company claims to have already invested $140 million in start-ups in India.

The top South Korean gaming corporation, KRAFTON, Inc., creator of the BGMI, plans to invest $150 million in India over the next two to three years.

Investment & Funding

Aug 10, 2023

Global Stocks Slip Ahead of US Inflation Data Release, Dollar Eases After Chinese Deflation-thumnail

Global Stocks Slip Ahead of US Inflation Data Release, Dollar Eases After Chinese Deflation

Global stock markets experienced a downturn on Wednesday as investors awaited the release of crucial U.S. inflation data, while the dollar saw a slight decline following reports of deflation in the Chinese economy. The anticipation of the upcoming Consumer Price Index (CPI) report for June led to cautious trading on Wall Street, with concerns that the data could reveal a higher inflation rate despite recent dovish statements from Federal Reserve officials.

Business

Aug 10, 2023

Avid Technology to be acquired by STG for $1.4 billion-thumnail

Avid Technology to be acquired by STG for $1.4 billion

Avid Technology Inc (AVID.O), a developer of media editing software, will be acquired by private equity company Symphony Technology Group (STG) on Wednesday for approximately $1.4 billion, including debt.

Business

Aug 10, 2023


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