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Sri Lanka’s Economy Shows Signs of Improvement, but Continued Reforms Are Crucial: IMF Officials-thumnail

Sri Lanka’s Economy Shows Signs of Improvement, but Continued Reforms Are Crucial: IMF Officials

Sri Lanka’s economy, which had been grappling with severe financial challenges, has exhibited tentative signs of improvement, according to a top official from the International Monetary Fund (IMF). The official

News

Jun 2, 2023

An assembly line stuck on Modi’s $24 billion manufacturing push-thumnail

An assembly line stuck on Modi’s $24 billion manufacturing push

A $10 billion initiative to produce semiconductors in India is in jeopardy. Its failure will highlight a significant weakness in Prime Minister Narendra Modi’s drive for greater economic independence. Influential

Finance

Jun 2, 2023

“Chennai’s Apollo Hospitals Plans to Raise $200 Million by Selling Stake in Apollo HealthCo”-thumnail

“Chennai’s Apollo Hospitals Plans to Raise $200 Million by Selling Stake in Apollo HealthCo”

During the quarter, Apollo 24/7’s Gross Market Value (GMV) exceeded expectations, reaching ₹1,630 crore compared to the anticipated ₹1,500 crore. Chennai’s Apollo Hospitals plans to raise approximately $200 million in

Investment & Funding

Jun 2, 2023

US Senate Approves Fiscal Deal, Averts Debt Default Threat-thumnail

US Senate Approves Fiscal Deal, Averts Debt Default Threat

The agreement extends the US borrowing limit until 2025 and imposes new restrictions on government spending for the next two years. This introduces greater fiscal policy constraints in the United

Finance

Jun 2, 2023

“Elon Musk Faces Insider Trading Accusations in Dogecoin Manipulation Lawsuit”-thumnail

“Elon Musk Faces Insider Trading Accusations in Dogecoin Manipulation Lawsuit”

The investors specifically highlighted an incident in which Musk sold approximately $124 million worth of Dogecoin in April after he replaced Twitter’s blue bird logo with Dogecoin’s shiba inu dog

Investment & Funding

Jun 2, 2023

Unified Payment Interface (UPI) payments in May touched Rs.14.3 trillion in terms of value; a 2% rise compared to April   -thumnail

Unified Payment Interface (UPI) payments in May touched Rs.14.3 trillion in terms of value; a 2% rise compared to April   

The rise comes at a time when the government is pushing to bring tax collection across various segments under digital payment. In March 2023, the figures stood at 8.68 billion

Business

Jun 1, 2023

Overall sales for Maruti Suzuki India increased by 10% to 1.78 lakh units in May, while PV sales increased by 15%-thumnail

Overall sales for Maruti Suzuki India increased by 10% to 1.78 lakh units in May, while PV sales increased by 15%

Maruti Suzuki India, India’s biggest passenger car manufacturer, announced total vehicle sales of 178,083 units in May 2023, a 10.32% increase over the 161,413 units sold in the same month

Automotive

Jun 1, 2023

House in the US passes debt-limit legislation ahead of 5th June default deadline-thumnail

House in the US passes debt-limit legislation ahead of 5th June default deadline

The bill would eradicate the hurdle of another default crisis for the rest of Joe Biden’s term, suspending the debt ceiling until 1st January 2025. In exchange the democrats agreed

News

Jun 1, 2023

Capillary Technologies receives $45 million in funding from Avataar Ventures and its LPs after postponing its IPO-thumnail

Capillary Technologies receives $45 million in funding from Avataar Ventures and its LPs after postponing its IPO

Avataar Ventures and its limited partners (Pantheon, 57Stars, and Unigestion), Filter Capital, and Innoven Capital also participated in the funding round. Capillary Technologies, a Bengaluru-based SaaS business, has raised $45

Investment & Funding

Jun 1, 2023

Kriti Sanon launches the fitness app ‘The Tribe,’ using her ‘Mimi’ position as inspiration-thumnail

Kriti Sanon launches the fitness app ‘The Tribe,’ using her ‘Mimi’ position as inspiration

A later version of the app will be released, according to the actress. Kriti Sanon, who began her Bollywood career with the film ‘Heropanti,’ celebrated eight years in the industry

Business

Jun 1, 2023

Madhabi Puri Buch, the chairman of the Sebi, is adamant about establishing an ethical council to oversee wrongdoing in the MF industry-thumnail

Madhabi Puri Buch, the chairman of the Sebi, is adamant about establishing an ethical council to oversee wrongdoing in the MF industry

Madhabi Puri Buch stated during the launch of the Association of Mutual Funds in India’s new office in Mumbai’s Bandra-Kurla complex that if the AMFI fails to adopt self-regulation measures,

Finance

May 31, 2023

Scaler, an edtech business based in Delhi, has acquired Pepcoding for an undisclosed sum-thumnail

Scaler, an edtech business based in Delhi, has acquired Pepcoding for an undisclosed sum

The acquisition is expected to drive growth and support a number of business areas, including strategy, product design, B2B enterprise, and operations. Scaler, an edtech startup, announced the purchase of

News

May 31, 2023


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