Progcap raises $30 million funding from Tiger Global, Creation Investments and others
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Progcap, which has raised $55 million in total since the last three months, will use the new capital to accelerate its vision of building a broader and deeper supply chain banking platform for its merchants and corporate network in India, it added.
Senvion India bags order to supply wind turbines for 591-MW project of JSW Energy
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«Senvion, a leading manufacturer of wind turbines, has been awarded a 591 MW project to deliver its high-quality wind turbines for JSW Energy,» a company statement said.
Millions of leaked documents dubbed as the #39;Pandora Papers#39; by a worldwide journalistic partnership on October 3, claimed to have uncovered financial secrets of current and former world leaders, politicians and public officials in 91 countries and terri
ICRA revises energy demand growth outlook for FY22 upwards to 8.5%: ICRA
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The all-India electricity demand during the period from April 2021 to September 2021 has increased by 12.7 per cent to 707 billion units (BU) on a year-on-year (YoY) basis supported by a lower base, improvement in economic activity and lower than normal monso
AGEL completes acquisition of SB Energy India for $3.5 billion
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«AGEL, the worldâs largest solar power developer, successfully completed the acquisition of SB Energy Holdings Ltd (SB Energy India) in an all-cash deal for which definitive agreements were signed on May 18, 2021,» a company statement said.
Amazon, Flipkart see strong start to festive sale; tier-II, III cities drive momentum
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Walmart-owned Flipkart on Sunday said early access for its «Flipkart Plus» programme (loyalty programme) saw a 40 per cent growth this year compared to last year, while about 45 per cent of customer demand has been from tier-III cities and beyond.
Restricting air traffic between India and Germany hurting both economies: Lufthansa CEO Carsten Spohr
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Indian aviation regulator DGCA currently allows Lufthansa to operate just 10 weekly flights from India to Germany, after it had accused the airline in September 2020 of being beneficiary of «inequitable distribution» of traffic.
Supreme Court judge must probe Amazon #39;bribery#39; report: Digvijaya Singh
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Singh was reacting to a recent report that Amazon spent about Rs 8,546 crore or USD 1.2 billion in legal and professional expenses in the country between 2018 and 2020.
Other major accounting firms, such as Deloitte and KPMG, have also been giving employees more choice to work remotely in the face of the COVID-19 pandemic.
The Palo Alto, California, company#39;s sales from July through September beat Wall Street estimates of 227,000 sales worldwide, according to data provider FactSet.
DoT amends telecom licence norms to relax penal provisions
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The department will now charge 2 per cent interest above the one-year marginal cost of lending rate (MCLR) of State Bank of India for delay in payment of licence fees or any other statutory dues and the interest will be compounded annually.
Govt has not taken any decision on Air India so far: Piyush Goyal
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«I have been in Dubai since...day before and I don#39;t think there is any such decision that has happened at all. Of course bids were invited...and that is assessed by the officers and in due course of time, there is a whole well laid down process thro
Google pulls plug on plan for mobile banking in Pay app
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Google development of the project came as a number of internet firms, from Amazon and PayPal to Square and Robinhood, have been riding a trend of providing financial tools for shopping, borrowing or investing online.
Rivian, electric vehicle startup, unveils large losses in IPO filing
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Rivian is considered to be better run and have better prospects than some of the electric vehicle companies that have already started trading on the public market.
I-T dept conducts search operation on Ahmedabad real estate developer
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Total of 22 residential and business premises were covered in the operation, the Ministry of Finance said in a statement. The search and seizure operation is still continuing and further investigations are in progress.
Rapid growth and increasing adoption of crypto assets pose financial stability, challenges: IMF
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Cryptocurrencies are digital or virtual currencies in which encryption techniques are used to regulate the generation of their units and verify the transfer of funds, operating independently of a central bank.
India#39;s September preliminary trade deficit at $22.94 billion: Govt
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India#39;s merchandise exports rose $33.44 billion for the month from $27.56 billion in the same period last year, while imports rose $56.38 billion in September from $30.52 billion last year.
Daimler#39;s trucks, luxury cars to go their separate ways
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Daimler CEO Ola Kallenius said that #39;by unlocking the full potential of both companies, we are establishing two undisputed innovation leaders who will set the pace in the transformation of their industries.#39;
DMI Alternatives raises $40 million for Sparkle Fund
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The Indian digital ecosystem is in the middle of near-exponential growth and financial services is a key engine of that growth. We are very excited, through Sparkle, to back the right founders to help drive financial inclusion to the widest possible funnel o
RBI may signal policy normalisation on October 8: Standard Chartered Bank
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The consensus view is that the RBI will leave interest rates unchanged at its October 8 MPC meeting and only start to unwind its accommodative monetary policy by reducing the gap between the repo and reverse repo rates early next year.
Merck Co#39;s COVID-19 pill cuts risk of death, hospitalization by 50% in study
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Merck and partner Ridgeback Biotherapeutics plan to seek U.S. emergency use authorization for the pill as soon as possible, and to submit applications to regulatory agencies worldwide. Due to the positive results, the Phase 3 trial is being stopped early at t
