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Deeptech Startup Newtrace Secures $6.3 Mn in Pre-Series A Round

Bengaluru-based deeptech startup Newtrace has raised $6.3 million (INR 56.93 crore) in a pre-Series A funding round led by HDFC Bank and Mitsui Sumitomo...

Mozark Snaps $40 Mn In Series B Round Led by IFC and RMB Capitalworks

Mozark, a Singapore-based company specializing in digital experience testing and measurement, has raised $40 million in a Series B round led by International Finance...

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Pakistan Stock Exchange attacked by Gunmen

According to the report, "Militants have attacked the Pakistan Stock Exchange in Karachi on Monday morning, killing at least four security guards." "Four militants attacked...

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred over Rs 1,500 crore in salaries and other benefits for medium and large enterprises." Launched...

Maharashtra CM Uddhav Thackeray says, “Lockdown to continue after June 30, but with more relaxation”

Addressing the state on Sunday, Maharashtra Chief Minister Uddhav Thackeray said, "The lockdown in the state will continue after 30 June 2020. But additional...

Coronavirus Impact: Amazon to hire 20,000 temporary staff in India

Ecommerce giant Amazon India said, "It is reportedly hiring close to 20,000 'seasonal' or temporary staff in its customer service (CS) department to help...

“Action to be taken against those who cheated farmers,” says CM Uddhav Thackeray

Maharashtra Chief Minister Uddhav Thackeray on Sunday said, "We have received some complaints from Marathwada and Vidarbha regions regarding bogus seeds." "We have taken the...

“To provide Remdesivir, Favipiravir for free,” says CM Uddhav Thackeray

Speaking on the COVID-19 update, Maharashtra Chief Minister Uddhav Thackeray on Sunday said, "The Maharashtra government is planning to provide COVID-19 vaccines like Remdesivir...

U GRO Capital launches end-to-end lending platform ‘Sanjeevani’ to help 500,000 MSMEs

In a bid to help the pandemic hit MSMEs, U GRO Capital, a Mumbai-based fintech company, on Saturday announced the launch of "Its end-to-end...

Carlyle Group picks 20 percent share in Piramal Pharma for $490 million

Piramal Enterprises Limited on Saturday said, "Global investment firm Carlyle Group has agreed to invest around $490 million to pick 20 percent stake in...

Coronavirus update: Jharkhand government extends state-wide lockdown till 31 July

Hemant Soren led Jharkhand Government has announced the extension of state-wide lockdown till 31 July 2020. According to the ANI report, "The decision has come...

HUDCO records 87 percent increase in Q4 profit at Rs 440.91 crore

State-run finance provider HUDCO on 26 June reported an 87 percent increase in its consolidated net profit to Rs 440.91 crore for Q4. In a...

Glenmark Pharma records 36.28% increase in Q4 profit at Rs 220 crore

Mumbai-based drugmaker Glenmark Pharma on Friday said, "It has reported a 36.28 percent increase in its consolidated net profit to Rs 220.3 crore in...

Instamojo launches ‘InstaCash’ to help pandemic hit MSMEs

Bengaluru based fintech startup Instamojo has announced the launch of 'InstaCash'a working capital product for merchants selling on its platform. In a statement issued, Instamojo...

Coronavirus: Delhi to have ICU beds on a large scale at three hospitals

As Delhi witnesses the spike in coronavirus cases in the state, Delhi Chief Minister Arvind Kejriwal on 26 June said, "The government is reportedly...

Hyundai Venue marks one lakh sale

Automaker giant Hyundai Motor India Ltd (HMIL) said, "Its compact SUV Venue has crossed one lakh sales mark since the launch." In a statement issued,...

Coronavirus update: Indian Railways puts regular train service on hold till August 12

The Indian Railways on Thursday said, "It has decided to cancel regular train services till August 12, 2020." In a statement issued, Railways said, "The...

Yandex agrees with Sberbank to reorganize Yandex Market and Yandex Money

Russian technology giant Yandex on Thursday said, "It has entered into a binding agreement with Sberbank to reorganize two of their joint ventures: Yandex.Market,...

Disney+Hotstar to premiere Sushant Singh Rajput’s movie Dil Bechara

OTT platform Disney+Hostar on Thursday said, "It will release the last movie of Sushant Singh Rajut 'Dil Bechara' on July 24." Speaking on the update,...

NPCI: Transactions through Google Pay are protected by law

National Payments Corporation of India (NCPI) on Thursday said, "As Google Pay is classified as third-party app provider (TPAP), the transaction made through it...

Avaada Energy bags 350 MW solar power project from MSEDCL

Mumbai-based renewable energy producer Avaad Energy on June 25 said, "It has received an order to set up a 350 megawatt (MW) solar plant...

Google Pay says, “Our platform is fully protected as it works with banks to allow payments through UPI”

After the Reserve Bank of India (RBI) told the Delhi High Court that, "As Google Pay does not operate any payment systems, it does...

Increasing Cases and United States ‘Carousel Retaliation’ spooks risk sentiment

The risk sentiment was souring as US trade representatives had proposed imposing tariffs on USD 3.1bn of imports from France, Germany, Spain, and the...

Apple acquires San Francisco based startup Fleetsmith

American technology giant Apple Inc has announced the acquisition of San Francisco-based startup Fleetsmith for an undisclosed amount. Giving an update on the acquisition, Fleetsmith...

Coronavirus Impact: Mamata Banerjee extends lockdown in West Bengal till July end

In a bid to stop the further spread of the novel coronavirus, Mamata Banerjee-led West Bengal government has announced the extension of the lockdown...

Metropolis Healthcare promoter divested 6.03 percent shares for Rs 422.58 crore

Mumbai-based diagnostic company Metropolis Healthcare has said, "Its promoter has divested 6.03 percent shares in the company for Rs 422.58 crore." In a filing with...

Coronavirus: China capable of testing 3.78 million people per day

Briefing the reporters on Wednesday, Guo Yanhong, a health official at the National Health Commission said, "The Mainland China is capable of conducting nucleic...

Crosses rally on robust PMIs

Euro and Sterling rallied yesterday as France, Germany and UK manufacturing PMIs came in better than expected. Onshore, the USDINR spot moved lower yesterday to...

Piramal Enterprises to raise Rs 2,590 crore via NCDs

Mumbai-based healthcare company Piramal Enterprises said, "Its board has approved raising to Rs 2,590 crore through issuance of secured non-convertible bonds on a private...

White House trade advisor Navarro does a U-turn; so do markets

The US Dollar has weakened overnight. The anticipation of a second stimulus package is keeping the USD under pressure. While the EU is finding...

Singapore government acquires 164,30,820 shares of ICICI Prudential Life

The government of Singapore has acquired 1,64,820 equity shares (representing 1.14 percent of paid-up capital) of ICICI Prudential Life Insurance Company. According to the bulk...

Microfinance lender Satin Creditcare to raise Rs 120 crore through rights

Gurugram-based Microfinance lender Satin Creditcare Network Ltd (SCNL) is reportedly planning to raise to Rs 120 crore through a rights issue of shares. In a...

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