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ONDC Sets New Retail Order Record Despite Reduced Incentives, Collaborations Drive Demand-thumnail

ONDC Sets New Retail Order Record Despite Reduced Incentives, Collaborations Drive Demand

ONDC achieves record-breaking retail orders of 30,000 despite reduced incentives, as collaborations between buyer and seller apps boost demand. Food and beverages dominate orders, with grocery purchases also present. Revised

E-Commerce

Jun 13, 2023

Indifi Technologies raise $35 million to expand digital lending to small businesses-thumnail

Indifi Technologies raise $35 million to expand digital lending to small businesses

Indifi Technologies, an Indian startup that provides digital lending to small and medium-sized enterprises, has raised $35 million in a new funding round that was spearheaded by ICICI Venture, the investment arm of ICICI Bank.

Investment & Funding

Jun 13, 2023

Indian Rupee Stable, Forward Premiums Decline Ahead of US Inflation Data-thumnail

Indian Rupee Stable, Forward Premiums Decline Ahead of US Inflation Data

The Indian rupee remained relatively unchanged on Tuesday, while forward premiums experienced a drop as market participants awaited the highly anticipated release of U.S. inflation data. By 10:42 a.m. IST, the rupee was trading at 82.4250 against the dollar, displaying minimal variation compared to the previous session’s rate of 82.43.

News

Jun 13, 2023

The government has directed Chinese smartphone manufacturers to seek Indian equity partners-thumnail

The government has directed Chinese smartphone manufacturers to seek Indian equity partners

According to three executives who attended meetings where the topic was discussed, the government has pushed Chinese mobile phone makers to include Indian equity partners in their local businesses. According

Manufacturing

Jun 13, 2023

Egypt Seeks Trade in Local Currencies with India, Russia, and China-thumnail

Egypt Seeks Trade in Local Currencies with India, Russia, and China

Egypt’s Supply Minister, Ali Moselhy, clarified that there is no existing credit line with India, contrary to earlier reports by Bloomberg News. However, discussions are underway to explore the possibility of using Local currencies other than the US dollar for payments regarding imports. In addition to India, similar conversations are taking place with Russia and China.

Business

Jun 13, 2023

“Dorsey’s Twitter struggled to accept Indian law” Twitter’s former CEO’s assertion, according to Rajeev Chandrasekhar, is an “outright lie”-thumnail

“Dorsey’s Twitter struggled to accept Indian law” Twitter’s former CEO’s assertion, according to Rajeev Chandrasekhar, is an “outright lie”

Jack Dorsey’s claim was labelled an “outright lie” on Twitter by Rajeev Chandrasekhar, Union Minister of State for Electronics & Technology.

News

Jun 13, 2023

“OneWeb Aims to Launch Satellite Broadband Services in India, Seeks Spectrum Allocation Approval”-thumnail

“OneWeb Aims to Launch Satellite Broadband Services in India, Seeks Spectrum Allocation Approval”

OneWeb

New Launch

Jun 13, 2023

Toyota unveils new battery technology and EV innovations-thumnail

Toyota unveils new battery technology and EV innovations

Toyota Motor stated it would implement high-performance, solid-state batteries as well as other technologies to increase the efficiency and performance of its electric vehicles while lowering their price.

The Japanese automaker Toyota Motor declared that it plans to introduce next-generation batteries starting in 2026, hoping to win over buyers with cars that have greater driving ranges and faster charging periods.

Business

Jun 13, 2023

“MRF Stock Price Crosses Rs 1 Lakh Mark as Company Reports Strong Q4 Results”-thumnail

“MRF Stock Price Crosses Rs 1 Lakh Mark as Company Reports Strong Q4 Results”

“MRF’s share price reaches Rs 1 lakh milestone as it opens over 1% higher, backed by impressive Q4 results. The company’s consolidated profit after tax surged 86% YoY, while revenue

Industry

Jun 13, 2023

Mirae Global Invests INR 1,240 Cr in Indian Arm, Scaling up m.Stock and Driving Financial Innovation-thumnail

Mirae Global Invests INR 1,240 Cr in Indian Arm, Scaling up m.Stock and Driving Financial Innovation

Mirae Global

Investment & Funding

Jun 13, 2023

SEBI Bans Essel Group Chairman and ZEEL CEO for Fund Misappropriation-thumnail

SEBI Bans Essel Group Chairman and ZEEL CEO for Fund Misappropriation

SEBI bars Essel Group Chairman Subhash Chandra and ZEEL CEO Punit Goenka from directorial roles in listed companies. Investigations revealed their misuse of positions to divert funds for personal benefit.

News

Jun 13, 2023

Increasing Tensions: China and India Expel Journalists in Escalating Media Standoff-thumnail

Increasing Tensions: China and India Expel Journalists in Escalating Media Standoff

The relationship between China and India has been strained since a violent clash along their shared border in 2020. The recent expulsion of journalists from both countries has further deepened the rift between these Asian economic powerhouses. In a tit-for-tat response, Chinese authorities have asked the last Indian journalist in China to leave, while Indian journalists in China faced visa denials. This article will explore the background, events, and implications of this escalating media standoff.

News

Jun 12, 2023


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