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Tag: Business
World bank approves $200 million to increase and refoirm Himachal Pradesh’s Hydropower capacity.-thumnail

World bank approves $200 million to increase and refoirm Himachal Pradesh’s Hydropower capacity.

In a statement released on a fine Wednesday, the World Bank declared that this substantial funding would play a pivotal role in empowering the state to fortify its renewable energy

Business

Jun 28, 2023

Sekura is in discussions to acquire the $670 million in road assets owned by Ashoka Buildcon-thumnail

Sekura is in discussions to acquire the $670 million in road assets owned by Ashoka Buildcon

According to two people with knowledge of the situation, Sekura, an infrastructure platform owned by the Edelweiss Infrastructure Yield fund, has opened exclusive negotiations to purchase a portfolio of 11

Business

Jun 28, 2023

PwC Announces Smaller Pay Rises and Bonuses for UK Staff Amid Challenging Market Conditions-thumnail

PwC Announces Smaller Pay Rises and Bonuses for UK Staff Amid Challenging Market Conditions

Professional services firm PwC has informed its 25,000 employees in the UK to expect reduced pay rises and bonuses, and even potential freezes, due to what it describes as “challenging”

Business

Jun 28, 2023

WEF ranks India 67th in Energy Transition Index, Sweden tops the list-thumnail

WEF ranks India 67th in Energy Transition Index, Sweden tops the list

India is the only large country with energy transition momentum that is accelerating across all dimensions, according to the World Economic Forum, which put India at 67th in the world

Business

Jun 28, 2023

The agritech-focused Omnivore closes its third fund at $150 million for the first time-thumnail

The agritech-focused Omnivore closes its third fund at $150 million for the first time

Omnivore, a venture capital firm that specialises in agritech, has announced the first closing of its third fund at $150 million (about Rs. 1,250 crore). The Omnivore Agritech & Climate

Finance

Jun 28, 2023

Generali Faces Challenges in Shedding €20 Billion Insurance Liabilities Amidst Rising Interest Rates-thumnail

Generali Faces Challenges in Shedding €20 Billion Insurance Liabilities Amidst Rising Interest Rates

Italian insurer Assicurazioni Generali (GASI.MI) has encountered obstacles in its plans to divest up to €20 billion ($21.87 billion) of insurance liabilities as a surge in interest rates has complicated negotiations with potential buyers.

Business

Jun 28, 2023

Swiggy’s gross merchandise value increases to $2.6 billion in FY23: Prosus-thumnail

Swiggy’s gross merchandise value increases to $2.6 billion in FY23: Prosus

According to its largest investor, Prosus, food and grocery delivery giant Swiggy’s gross merchandise value (GMV) only increased a little, from $2.3 billion in FY22 to $2.6 billion in FY2023—a gain of just about 13 percent.

Business

Jun 27, 2023

Kabeer Chaudhary is promoted to global CEO of M&C Saatchi Performance-thumnail

Kabeer Chaudhary is promoted to global CEO of M&C Saatchi Performance

The global performance marketing company M&C Saatchi Performance, where Kabeer Chaudhary now holds the post of managing director for APAC, has elevated him to the role of global chief executive officer.

Business

Jun 27, 2023

This fiscal year, poultry income is expected to increase by 10%-thumnail

This fiscal year, poultry income is expected to increase by 10%

According to a research note by Crisil Ratings, the Indian poultry industry’s revenue would increase by 10% this fiscal year as a result of continued demand growth and moderating realizations, even as new capabilities come online and increase volume.

Business

Jun 27, 2023

The market capitalization of InterGlobe Aviation nears Rs 1 trillion; surges 26% in 2 months-thumnail

The market capitalization of InterGlobe Aviation nears Rs 1 trillion; surges 26% in 2 months

In intraday trade on Tuesday, shares of InterGlobe Aviation, which operates the largest airline in the nation, IndiGo, rose 3% on the BSE and reached a record high of Rs

Business

Jun 27, 2023

Meta launches Meta Quest+ a VR subscription for $7.99 per month-thumnail

Meta launches Meta Quest+ a VR subscription for $7.99 per month

In an astonishing move on Monday, Meta introduced Meta Quest+, a VR subscription service. This service promises to transport users into a realm of immersive experiences by offering two mind-altering games every month; for $7.99 per month!

Business

Jun 27, 2023

BSNL and L&T signed an agreement to venture into the 5G private network market-thumnail

BSNL and L&T signed an agreement to venture into the 5G private network market

BSNL, assuming the mantle of the official network provider, will work alongside LTTS to co-innovate and introduce private 5G connectivity solutions to the market. This partnership marks a significant milestone for LTTS, as it marks its inaugural entry into the 5G private network space.

Business

Jun 26, 2023


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