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Lentra Raises $27 Million in Extended Series B Round Led by MUFG Bank and Dharana Capital-thumnail

Lentra Raises $27 Million in Extended Series B Round Led by MUFG Bank and Dharana Capital

Cloud-lending firm Lentra raises $27 million in an extended series B round led by MUFG Bank and Dharana Capital, bringing their total funding to $87 million. Lentra aims to empower lenders globally with its loan management system and expand its presence in Southeast Asia and the US.

Investment & Funding

Jun 7, 2023

Chinese Suppliers Protest Payment Cuts by Chongqing Changan Automobile-thumnail

Chinese Suppliers Protest Payment Cuts by Chongqing Changan Automobile

Suppliers to Chongqing Changan Automobile, a state-owned Chinese automaker, have expressed their dissatisfaction after the company reduced their payments by 10%. The suppliers argue that they are unfairly being made

Automotive

Jun 6, 2023

Euro Zone Faces Persistent Price Pressures, but Monetary Policy Shows Effectiveness-thumnail

Euro Zone Faces Persistent Price Pressures, but Monetary Policy Shows Effectiveness

The President of the Dutch central bank, Klaas Knot, has stated that underlying price pressures in the euro zone may pose challenges, although monetary policy is exhibiting signs of effectiveness.

Finance

Jun 6, 2023

Oil Prices Retreat on Global Economic Concerns Despite Saudi Arabia’s Output Cut-thumnail

Oil Prices Retreat on Global Economic Concerns Despite Saudi Arabia’s Output Cut

Oil prices encountered a modest downturn on Tuesday, reversing the progress achieved the day before. In spite of Saudi Arabia’s declaration of a substantial reduction in production, apprehensions regarding the

News

Jun 6, 2023

Aditya Birla Group enters the branded jewels retail market, investing Rs 5,000 crore-thumnail

Aditya Birla Group enters the branded jewels retail market, investing Rs 5,000 crore

The Aditya Birla Group has announced an investment of roughly Rs 5000 crore in the branded jewellery retail industry. After paints and B2B e-commerce for construction supplies, this is the

E-Commerce

Jun 6, 2023

OnePlus, Realme, and Oppo will split as parent company BBK Electronics Corp seeks to de-risk its India business-thumnail

OnePlus, Realme, and Oppo will split as parent company BBK Electronics Corp seeks to de-risk its India business

BBK Electronics Corp, China’s top smartphone manufacturer, has separated three of its major brands in India – Oppo, OnePlus, and Realme – into independent organizations, with revenues accounted for in their accounts, as it strives to mitigate the possibility of future government action against Chinese firms.

News

Jun 6, 2023

AstorMueller anticipates that India will be its greatest market in five years-thumnail

AstorMueller anticipates that India will be its greatest market in five years

The 95-year-old firm had been importing from India for over two decades before launching as a retail brand a year ago via the formation of a subsidiary. It just began establishing retail storefronts and already has three locations in India.

News

Jun 6, 2023

El Salvador is collaborating to develop a $1 billion Bitcoin mining facility-thumnail

El Salvador is collaborating to develop a $1 billion Bitcoin mining facility

Volcano Energy stated that the funds would be used to build a 241 MW solar and wind energy power generation park in the northern town of Metapan, which will eventually

Finance

Jun 6, 2023

Morgan Stanley Anticipates Temporary Earnings Dip for S&P 500 Companies in 2023, Followed by Strong Rebound in 2024-thumnail

Morgan Stanley Anticipates Temporary Earnings Dip for S&P 500 Companies in 2023, Followed by Strong Rebound in 2024

“Morgan Stanley predicts 16% drop in S&P 500 profits in 2023, followed by a strong rebound in 2024 due to accommodative Federal Reserve policy. Wall Street Bank anticipates earnings to

Industry

Jun 6, 2023

Bank of Korea (BOK) Prioritizes Dollar Liquidity Over Gold Holdings for Foreign Exchange Reserves-thumnail

Bank of Korea (BOK) Prioritizes Dollar Liquidity Over Gold Holdings for Foreign Exchange Reserves

In a recent statement, the Bank of Korea (BOK) expressed its preference for maintaining dollar liquidity rather than increasing its gold holdings for foreign exchange reserves. The BOK’s Reserve Management Group highlighted the need for a cautious approach in determining the gold-to-reserves ratio, citing various factors influencing their decision.

Finance

Jun 6, 2023

Nikhil Kamath, the youngest and fourth Indian to sign the Giving Pledge, has pledged to give away the majority of his money-thumnail

Nikhil Kamath, the youngest and fourth Indian to sign the Giving Pledge, has pledged to give away the majority of his money

Nikhil Kamath, the co-founder of Zerodha, stated that despite his young age, he is motivated to making a good difference in the world and believes that the foundation’s aim of

News

Jun 6, 2023

On Monday at 9 a.m., the Assam Higher Secondary Education Council announced the class 12th results-thumnail

On Monday at 9 a.m., the Assam Higher Secondary Education Council announced the class 12th results

On Monday at 9 a.m., the Assam Higher Secondary Education Council announced the results. Students can check their results at any of the following websites: ahsec.assam.gov.in, resultsassam.nic.in, assamresult.co.in, and assam.result.in.

Education

Jun 6, 2023


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