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Tag: Investment
<strong>Paytm is ‘on the right track to profitability,’ according to CEO Sharma, as loan disbursements increased 387% in October.</strong>-thumnail

Paytm is ‘on the right track to profitability,’ according to CEO Sharma, as loan disbursements increased 387% in October.

Paytm’s loan disbursement value increased 387% year on year to 3,056 crore, while the number of loans disbursed increased 161%. In a letter to shareholders, Paytm CEO Vijay Shekhar Sharma

Finance

Nov 14, 2022

South India’s first Vande Bharat Express-thumnail

South India’s first Vande Bharat Express

Prime Minister Narendra Modi flagged the all-new Vande Bharat Express in Bangaluru. Vande Bharat appearance has created a solid boost to Indian Railways. Many Indians still avail the facility of

Industry

Nov 11, 2022

Indian techies were laid off within 2-3 days of their joining by Meta-thumnail

Indian techies were laid off within 2-3 days of their joining by Meta

Neelima Agarwal had recently laid off by Meta who is an IT professional, she declared openly about her downsizing on the LinkedIn platform. Among the 11,000 people who were laid

Industry

Nov 11, 2022

Tesla CEO Elon Musk sells 19.5 mn tesla shares worth $3.95 bn-thumnail

Tesla CEO Elon Musk sells 19.5 mn tesla shares worth $3.95 bn

The sale came just weeks after Tesla reported $3.3bn in profit and $21.45bn in revenue for the third quarter – falling short of Wall Street expectations – which caused a

Industry

Nov 9, 2022

Cryptos seek to maintain stability as the Binance-FTX merger chills the market-thumnail

Cryptos seek to maintain stability as the Binance-FTX merger chills the market

Bitcoin, the most valuable cryptocurrency by market capitalization, was down 2% at $18,250, following a 10% drop on Tuesday that marked its worst day since mid-August. Ether, the next largest

Digital Transformation

Nov 9, 2022

Elevar Equity funded CureBay-thumnail

Elevar Equity funded CureBay

CureBay has revealed their Series A funding from Elevar Equity with an estimated amount of ₹50 crores or about $6.1 million CureBay is a healthcare organization founded to provide high

Industry

Nov 9, 2022

The Chiratae Ventures Growth Fund – I close its first round at Rs. 759 crore; oversubscribed.-thumnail

The Chiratae Ventures Growth Fund – I close its first round at Rs. 759 crore; oversubscribed.

Chiratae Ventures has raised five early-stage funds and manages $1.1 billion in assets under management (AUM). It has been an early backer of technology-led companies such as Bizongo, Curefit, Firstcry,

Finance

Nov 8, 2022

IT firms have put their hiring plans on hold-thumnail

IT firms have put their hiring plans on hold

Five of the country’s ten largest IT services firms reported a sequential decline in sales and support staff in the third quarter, as they let go of non-revenue generating employees

Industry

Nov 8, 2022

Paytm Q2 results: Net loss increases to 571 crore, revenue increases 76%-thumnail

Paytm Q2 results: Net loss increases to 571 crore, revenue increases 76%

One97 Communication-owned Paytm Q2 Results Paytm’s consolidated revenue from operations increased 76% year on year (Y-o-Y) to 1,914 crore in the second quarter of the fiscal year from 1,086 crore.

Finance

Nov 8, 2022

<strong>Spacetech startup Agnikul raises $20Mn in series B funding from Rocketship.vc</strong>-thumnail

Spacetech startup Agnikul raises $20Mn in series B funding from Rocketship.vc

Agnikul’s pre-money valuation has zoomed 5x to $180 Mn, the sources added. Agnikul’s last reported valuation was $35 Mn when it raised $11 Mn in its Series A funding round

Industry

Nov 8, 2022

Social startups: Business bringing change in India-thumnail

Social startups: Business bringing change in India

Many startups today are contributing to the betterment of society. There are over 400 social startups in India, and the number is growing by 20 percent annually. Muhammad Yunus was

Industry

Nov 7, 2022

Niva Bupa and IDFC First Bank have become partners in banking insurance-thumnail

Niva Bupa and IDFC First Bank have become partners in banking insurance

Healthcare insurer Niva Bupa has announced a corporate agency partnership with IDFC First Bank to provide best-in-class health insurance solutions to its banking customers. Vikas Sharma, head of Wealth Management

Digital Transformation

Nov 3, 2022


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