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

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.

In a momentous announcement on Monday, the World Bank rendered its seal of approval to bestow a staggering sum of USD 391 million in financing.

ASK Group is reportedly planning to raise a substantial sum of 10 billion rupees ($122 million) for its inaugural private credit fund, as revealed by individuals familiar with the matter.

As per sources quoted by the media group it was claimed that Shree Cements had been diverting a substantial amount of Rs 1,200-1,400 crore annually through fraudulent means resulting in significant revenue losses for both the central and state governments. These losses were attributed to what was described as “fake agreements”.

The Reserve Bank of India (RBI) has given Reliance Industries, the largest firm in the nation by market value, permission to keep $2 billion in addition to the $3 billion it raised in the previous fiscal year under the largest syndicated credit facility in years.

As per FY23 financials Adani Capital, its loan book stood at ₹2,690 crore and net profit at ₹90.68 crore. It largely operates out of four business verticals – farm equipment loans, commercial vehicle loans, business loans, and supply chain finance. The lender also has a housing finance arm.

SoftBank holds an 11.17 percent stake in Paytm and 3.4 percent in Zomato. However, following the news of the potential stake sale, shares of One97 Communications declined by 1.5 percent, trading at Rs 878.50 apiece on the BSE. Zomato’s stock initially opened 0.8 percent higher on June 16 but later leveled off.

The Axis Bank underwent a series of block deals, transacting a 0.6 percent stake that unleashed the exchange of 2.25 crore shares, valued at a staggering Rs 2,178 crore.

In the month of May, Indians will witness a consecutive second decline in India’s wholesale prices, primarily attributed to the decrease in commodity prices. According to government data, the wholesale price index (WPI) experienced a significant drop of 3.48%, surpassing economists’ expectations of a 2.35% decrease. This decline follows a 0.92% fall observed in April, indicating a continued alleviation of inflationary pressures. This article delves into the key factors that have contributed to the decline in wholesale prices and analyzes its implications for the Indian economy.

Technology is a thriving space where creativity bonds with innovation. We have come so far when it comes to uplifting our lives with the help of technology. From running errands

The Monetary Policy Committee (MPC) has maintained its economic growth projections for the 2023-24 financial year at 6.5%. While the first two quarters are expected to deliver slightly more growth,