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Crypto Lending firm Nexo to acquire peer “Vauld”-thumnail

Crypto Lending firm Nexo to acquire peer “Vauld”

Vauld became the latest decentralized finance (DeFi) firm to be hit by the crypto market’s recent downturn. In its statement on July 4, the company said that its financial challenges

Digital Transformation

Jul 6, 2022

Fintech firm Clear acquires CimplyFive, a Cloud-hosted application-thumnail

Fintech firm Clear acquires CimplyFive, a Cloud-hosted application

This is Clear’s second acquisition in 2022 after the purchase of Xpedize, an invoice discounting platform, in March. Clear has made 4 acquisitions so far, which include YBANQ in 2021

News

Jul 6, 2022

<strong>India invites global bids worth Rs 6000 crore for expansion of Deendayal port, Kandla</strong>-thumnail

India invites global bids worth Rs 6000 crore for expansion of Deendayal port, Kandla

The global bid documents were floated last week seeking Public-Private Partnership (PPP) for the mega expansion that involves setting up a new Mega-Container Terminal and a new Multi-purpose Cargo Berth

Industry

Jul 6, 2022

Startups are reconsidering IPOs as markets lose interest in unicorns-thumnail

Startups are reconsidering IPOs as markets lose interest in unicorns

Mumbai: As the craze for startups fades, valuations of several new-age companies have taken a beating in the market for unlisted shares, potentially delaying their plans to go public. According

Finance

Jul 6, 2022

Hotels and Restaurants barred from levying service charge by default, Know further details.-thumnail

Hotels and Restaurants barred from levying service charge by default, Know further details.

Increasing number of complaints regarding service charges led to this decision by the Government. The Central Consumer Protection Authority on Monday July 4 prohibited hotels and restaurants from adding service

Industry

Jul 5, 2022

254,695 electric vehicles were supplied by TECH Tesla in the second quarter of 2022-thumnail

254,695 electric vehicles were supplied by TECH Tesla in the second quarter of 2022

Tesla has announced its 2022 second-quarter vehicle manufacturing and delivery figures. In the second quarter of last year, Elon Musk’s electric car company shipped 201,250 cars. Parts shortages, supply chain

Automotive

Jul 5, 2022

India’s June export stands at $38 billion; trade deficit ballooned to $25.63 billion-thumnail

India’s June export stands at $38 billion; trade deficit ballooned to $25.63 billion

Cumulative exports in April-June 2022-23 rose about 22.22 per cent to $116.77 billion, while imports increased 47.31 per cent to $187.02 billion during the period. The trade deficit during the

Industry

Jul 5, 2022

Trading volumes evaporates on exchanges as the new TDS took effect on 1st July-thumnail

Trading volumes evaporates on exchanges as the new TDS took effect on 1st July

Reserve Bank Governor Shaktikanta Das recently described cryptocurrencies as a “clear danger” and said that anything that derives value based on make-believe, without any underlying conditions, is just speculation under

Industry

Jul 5, 2022

<strong>Over 40 sites of Chinese mobile providers are searched by ED</strong>-thumnail

Over 40 sites of Chinese mobile providers are searched by ED

The ministries of Home Affairs and Corporate Affairs, as well as the IT department, have been largely unaware of Chinese mobile producers. According to CNBC-TV18, the Enforcement Directorate (ED) searched

Industry

Jul 5, 2022

Vehicle retail data released by FADA signals recovery-thumnail

Vehicle retail data released by FADA signals recovery

The data released shows all categories in the Indian automobile industry – two-wheelers, three-wheelers, passenger vehicles, tractors, and commercial vehicles – registering a growth last month when compared to the

Automotive

Jul 5, 2022

CCPA’s new guidelines bars eateries from adding service charges automatically-thumnail

CCPA’s new guidelines bars eateries from adding service charges automatically

Samir Kuckreja, founder and CEO of Tasanaya Hospitality, a boutique consulting firm, which also does transaction advisory for restaurants, said that while this will “empower the customer and inspire consumer

Industry

Jul 5, 2022

US court reduces fine on TCS IN Epic IP rights case-thumnail

US court reduces fine on TCS IN Epic IP rights case

Epic Systems had accused TCS and Tata America International Corp, in a lawsuit filed in October 2014 which was amended in January and December 2015, of “brazenly stealing the trade

News

Jul 5, 2022


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