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Maersk introduces one country one price delivery solution in India-thumnail

Maersk introduces one country one price delivery solution in India

The successful implementation of this solution relies on Maersk’s extensive warehousing facilities in multiple cities. The ‘One Country, One Price’ model presented by Maersk offers a comprehensive set of services

New Launch

Jun 19, 2023

Google-backed Adda 247 acquires Veeksha; a 3D experiential learning-based product-thumnail

Google-backed Adda 247 acquires Veeksha; a 3D experiential learning-based product

Founded in 2016 by Nagar and Saurabh Bansal, Adda247 is an edtech startup that offers prep courses for exams in public sector banks, government departments, and the Indian Railways. The

Education

Jun 19, 2023

China Expected to Cut Key Lending Benchmarks to Boost Slowing Economy-thumnail

China Expected to Cut Key Lending Benchmarks to Boost Slowing Economy

China is anticipated to reduce key lending benchmarks in an effort to bolster it’s slowing economic recovery. The move comes after recent data indicated struggles in the retail and factory sectors, raising concerns about the potential stalling of China’s post-COVID comeback and the accompanying risk of significant job losses.

Economy

Jun 19, 2023

Based on inadequate intervention, Goldman Sachs reduces China’s GDP prediction to 5.4%-thumnail

Based on inadequate intervention, Goldman Sachs reduces China’s GDP prediction to 5.4%

Goldman Sachs Group Inc. has reduced its projections for China’s economic growth, citing the Asian country’s limited alternatives for increasing stimulus. Bloomberg stated that the bank cut its forecast for China’s GDP growth this year to 5.4% from 6% earlier.

Economy

Jun 19, 2023

A new consumer survey will monitor internet spending to reflect an accurate economic picture-thumnail

A new consumer survey will monitor internet spending to reflect an accurate economic picture

It’s known as the “next-generation consumption survey.” The current government consumer study goes beyond asking what you eat, wear, and possess.

Business

Jun 19, 2023

Asia markets witnessed a decline ahead of China’s loan prime rate decision-thumnail

Asia markets witnessed a decline ahead of China’s loan prime rate decision

Looking ahead Asian investors eagerly await China’s loan prime rate decision scheduled for Tuesday. This follows the recent reduction of key lending rates by the world’s second-largest economy. The outcome of this decision holds significant importance for the financial landscape. In a rather tumultuous turn of events, the Asia markets experienced a predominantly downward trajectory on Monday.

Finance

Jun 19, 2023

iPhone exports in India reached a record level of Rs 10,000 crore-thumnail

iPhone exports in India reached a record level of Rs 10,000 crore

According to industry figures, India’s iPhone exports reached a record high of Rs 10,000 crore in May, driving up the country’s outbound shipments of smartphones to Rs 12,000 crore for the month.

Business

Jun 19, 2023

Tiger Global backed Coinswitch planning a foray into the Indian stocks trading market-thumnail

Tiger Global backed Coinswitch planning a foray into the Indian stocks trading market

Tiger Global backed Coinswitch planning a foray into the Indian stocks trading market

Business

Jun 19, 2023

Adani Capital is in talks with financial investors to sell a stake in the firm-thumnail

Adani Capital is in talks with financial investors to sell a stake in the firm

As per FY23 financials Adani Capital, its loan book stood at ₹2,690 crore and net profit at ₹90.68 crore. It largely operates out of four business verticals – farm equipment loans, commercial vehicle loans, business loans, and supply chain finance. The lender also has a housing finance arm.

Business

Jun 19, 2023

Struggles and Uncertainty Plague Tiger Global’s Fundraising Endeavor Amidst Tech Valuation Woes-thumnail

Struggles and Uncertainty Plague Tiger Global’s Fundraising Endeavor Amidst Tech Valuation Woes

Tiger Global, founded in 2001 by the visionary Chase Coleman, gradually emerged as one of the most prolific venture capital investors, providing crucial support to numerous start-ups over the past

Investment & Funding

Jun 17, 2023

“China Extends $1 Billion Aid to Cash-Strapped Pakistan Amid IMF Loan Uncertainty”-thumnail

“China Extends $1 Billion Aid to Cash-Strapped Pakistan Amid IMF Loan Uncertainty”

Earlier, Finance Minister Ishaq Dar revealed that Pakistan had repaid USD 1 billion to China on the preceding Monday, offsetting a due amount of USD 1.3 billion. It was hoped

Investment & Funding

Jun 17, 2023

Finance Ministry Officials Meet with Moody’s to Discuss Sovereign Rating and Economic Indicators-thumnail

Finance Ministry Officials Meet with Moody’s to Discuss Sovereign Rating and Economic Indicators

Officials from India’s Finance Ministry held a meeting with representatives from Moody’s Investors Service Inc. to discuss the state of the country’s economy and present a case for a better sovereign rating. The meeting, which occurs annually as part of a series of interactions, aimed to explain the government’s assessment of the economy and assist credit agencies in making their assessments. It was reported that the meeting was conducted in a cordial atmosphere.

News

Jun 17, 2023


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