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Tag: Finance
Banks place constraints on UPI transactions because of conflicting regulations-thumnail

Banks place constraints on UPI transactions because of conflicting regulations

A report claims that if the RBI assumes responsibility for UPI payment costs in the same way that it does for currency transactions, this disagreement can be resolved. Unified Payments

Digital Transformation

Oct 31, 2022

The government expects to start funding research and development in the telecommunication sector by January 2023-thumnail

The government expects to start funding research and development in the telecommunication sector by January 2023

The Ministry of Communications is expected to approve the first application of domestic companies seeking to secure localization R&D funds by January next year. The new initiative, funded by the

Industry

Oct 31, 2022

<strong>Cybersecurity platform BluSapphire Cyber Systems raises $9.2 Mn in series A funding.</strong>-thumnail

Cybersecurity platform BluSapphire Cyber Systems raises $9.2 Mn in series A funding.

Description-: BluSapphire, a Gartner Cool Vendor, is a hyper-growth cybersecurity SaaS platform. Started by Kiran Vangaveti, 25 years experienced cyber professional and ex-CISO of hedge fund titan Tudor Investments, the

News

Oct 27, 2022

Elon musk looks to close Twitter deal by this Friday-thumnail

Elon musk looks to close Twitter deal by this Friday

Earlier this month, a Delaware judge gave Musk until Oct. 28 to close his takeover of the social media platform. Elon Musk has pledged to close his $44 billion Twitter

Advertising

Oct 26, 2022

Walmart eyes $3 billion funding for Flipkart at a $40 billion valuation-thumnail

Walmart eyes $3 billion funding for Flipkart at a $40 billion valuation

Walmart is keen to bring in strategic investors in Walmart-Flipkart so that Flipkart can get additional expertise as well as consistent funding support as and when required to stay ahead

Industry

Oct 26, 2022

<strong>RBI’s forex reserves declines to July 2020 levels.</strong>-thumnail

RBI’s forex reserves declines to July 2020 levels.

“India’s forex reserves declined to the weakest level since July 24, 2020, amid the central bank’s intervention. This time, the value of dollar and gold assets both declined amid revaluation

Finance

Oct 22, 2022

RIL to restructure and upscale its financial services business as Jio Financial Services Ltd-thumnail

RIL to restructure and upscale its financial services business as Jio Financial Services Ltd

RSIL(to be renamed Jio Financial Services Ltd.) is currently a wholly-owned subsidiary of RIL and is a Reserve Bank of India-registered non-deposit-taking systemically important (ND-SI) non-banking financial company. The board

Finance

Oct 22, 2022

Govt. eyes $7.7 billion valuation for IDBI bank in the proposed stake sale-thumnail

Govt. eyes $7.7 billion valuation for IDBI bank in the proposed stake sale

The valuation target means the administration is seeking a premium of roughly 33%, based on IDBI Bank’s market value of about $5.8 billion as of Thursday. Govt is pushing for

BFSI

Oct 21, 2022

Permira Appoints Former Warburg Pincus CEO Siddharth Narayan as Head of Indian functioning-thumnail

Permira Appoints Former Warburg Pincus CEO Siddharth Narayan as Head of Indian functioning

Narayan highlighted investment opportunities in rapidly growing digital companies in the consumer internet, software, fintech, and services sectors in India. Permira employs a managed fund buyout strategy with a focus

Industry

Oct 21, 2022

Ananda Trust invests $10Mn in IPO-bound Zoomcar-thumnail

Ananda Trust invests $10Mn in IPO-bound Zoomcar

With the Nasdaq listing, Zoomcar plans to raise $235 Mn that will largely be deployed to scale operations and to shore up its tech vertical.  Barely a week after Zoomcar

Industry

Oct 20, 2022

Edelweiss wealth management launches INR 3,000 Cr venture debt fund-thumnail

Edelweiss wealth management launches INR 3,000 Cr venture debt fund

“ECYOF is a much-needed alternative that allows venture/private equity-backed high-growth companies to raise additional capital to augment equity financing and continue their growth trajectory,” Edelweiss’ statement added. Edelweiss Wealth Management

Education

Oct 20, 2022

<strong>Celestia foundation secures $55 million in fresh funding.</strong>-thumnail

Celestia foundation secures $55 million in fresh funding.

Celestia aims to design a modular blockchain architecture with the hope to solve issues around deploying and scaling of blockchains. The company recommended about developing an infrastructure to make it

Industry

Oct 20, 2022


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