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Tag: Finance
RBI fines Ola Financial Services $1.67 million for violating regulations-thumnail

RBI fines Ola Financial Services $1.67 million for violating regulations

Ola Financial Services Private Limited has been fined 1.67 crore rupees by the Reserve Bank of India (RBI) for failing to follow certain rules on pre-paid payment instruments and Know

Finance

Jul 13, 2022

Investment firm Nomura cuts India’s GDP growth forecast to 4.7% from earlier 5.4% projection-thumnail

Investment firm Nomura cuts India’s GDP growth forecast to 4.7% from earlier 5.4% projection

However, all is not lost. India’s economy, Nomura said, is racing above its pre-pandemic level, led by a sharp recovery in the services sector, and supported by the lagged effects

Finance

Jul 13, 2022

<strong>Deepika Padukone backed D2C startup Mokobara raises $6.5 mn in Series A funding.</strong>-thumnail

Deepika Padukone backed D2C startup Mokobara raises $6.5 mn in Series A funding.

Description-: Founded in 2019 by Sangeet Agarwal and Navin Parwal, the Bengaluru-based startup offers a host of luggages, travel bags, wallets, kits and sling bags on its online platform. Mokobara

Investment & Funding

Jul 13, 2022

<strong>Edelweiss Mutual Fund launches Focused Equity Fund</strong>-thumnail

Edelweiss Mutual Fund launches Focused Equity Fund

NEW DELHI: Edelweiss Asset Management Ltd. on Tuesday announced the launch of the Edelweiss Focused Equity Fund, a new fund offering (NFO) that will invest in 25–30 stocks across three

Finance

Jul 12, 2022

RBI formulates a mechanism to settle international trade settlements in rupees-thumnail

RBI formulates a mechanism to settle international trade settlements in rupees

The RBI mechanism is expected to facilitate importers and exporters to avoid rules that prevent the use of a global currency such as the US dollar for trade with certain

Finance

Jul 12, 2022

New Demat account opening stands at 1.79 million, lowest since February 2021-thumnail

New Demat account opening stands at 1.79 million, lowest since February 2021

Description-: In June, the Nifty Midcap 100 and the Nifty Smallcap 100 were down 25 percent and 35 percent, respectively, from their record highs. These indices have seen recovery since

Finance

Jul 12, 2022

After Elon Musk pulls out of the 44 billion takeover deal, Twitter shares decline-thumnail

After Elon Musk pulls out of the 44 billion takeover deal, Twitter shares decline

In a letter to the social media juggernaut last week, Elon Musk revealed the cancellation of a USD 44 billion plan to purchase Twitter. Twitter shares experienced a dramatic decrease

Industry

Jul 12, 2022

Against the US dollar, the rupee drops to a lifetime low of 79.58.-thumnail

Against the US dollar, the rupee drops to a lifetime low of 79.58.

The Indian rupee depreciated against the US dollar by 13 paisas on Tuesday’s interbank foreign exchange market, opening at 79.58. In early trade on Tuesday, the rupee hit a record

Finance

Jul 12, 2022

<strong>Paytm’s loan disbursement business touches annualised runrate of  Rs. 24000 crore</strong>-thumnail

Paytm’s loan disbursement business touches annualised runrate of  Rs. 24000 crore

The company also reached its highest number of monthly transacting users (MTU) 76 million on its super app during the month of June. Paytm has said that the platform’s lending

Industry

Jul 11, 2022

Startup funding fell by 40% between April and June according to the latest PwC report-thumnail

Startup funding fell by 40% between April and June according to the latest PwC report

According to a PwC India analysis, geopolitical unrest looks to be having an impact on Indian startups as total funding fell by 40% to $6.8 billion in the April-June period.

Industry

Jul 11, 2022

Ashneer Grover names his new venture “Third unicorn”-thumnail

Ashneer Grover names his new venture “Third unicorn”

The nature of the company was not immediately known. Several news reports have suggested Grover is in talks with investors to raise money for his new business, despite him saying

Finance

Jul 9, 2022

<strong>Adani Group bids for upcoming 5G spectrum auctions: Sources</strong>-thumnail

Adani Group bids for upcoming 5G spectrum auctions: Sources

“Any entity that gives an undertaking to obtain a Unified License with authorization for Access Services through a New Entrant Nominee as per the DoT guidelines/ license conditions can bid

Industry

Jul 9, 2022


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