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Topics: Business

SIAM: Auto sales across categories reports 13.83 percent decline in January

Society of Indian Automobile Manufacturers (SIAM) on Monday reported a decline of 6.2 percent in January sales in domestic passenger vehicles. According to the new...

Oberoi Realty’s Q3 profit increases by 7 percent

India's largest construction company Oberoi Realty on Friday reported a 7 percent increase in consolidated net profit for Quarter 3. In a filing with the...

Offline-to-Online fintech startup ‘Dot’ swipes $8 Mn in seed funding from PayU & others

Gurugram based online-to-offline (O2o) commerce and fintech startup Dot has raised $8 million in series seed round funding from Prous and Fosun RZ Capital. The...

L&T partners with ideaForge to offer UAVs for defense usage

Mumbai-settled construction and private sector defense giant Larsen and Toubro (L&T) on Friday announced its partnership with Unmanned Aerial Vehicles (UAVs) maker ideaForge to...

Wall Street dips record high after U.S. employment report

Wall Street slipped from record highs at the open on Friday as investors assessed the U.S. employment report for January that showed acceleration in...
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A deep-dive into the Union Budget 2020 announcements

The Union Budget for FY21 is a progressive initiative and is an “investment in medium to long term economic development” and should be viewed...

Manappuram Finance plans for Rs 1,150 crore funding through debentures

India's leading Financier Manappuram Finance has announced its plan to raise Rs 1,150 crore through issuance of debentures. In a regulatory filing with the stock...

Reports: Goldman Sachs to raise $8 bn in its second buyout fund

Goldman Sachs Group Inc plans to raise $8 billion in only its second buyout fund since the 2008 financial crisis, bolstering its ability to...

Global green bond issuance to be at $300-$375 billion this year

Global green bond issuance is expected to be between $300-$375 billion this year, after a record year last year, according to research from two...

India may issue $5 billion bonds with no foreign investment cap limit

India is likely to issue at least $5 billion worth of bonds with no limits on foreign investment next year, in a bid to...
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Exide Industiries reports 16.76 percent decline in Q3

Battery maker giant Exide Industries on Tuesday reported a 16.76 percent decline in consolidated profit at Rs 118.15 crore in third-quarter end of December...

Logistics startup Fleetx secures $2.8 million in series A round funding

Gurugram-based logistics startup Fleetx has announced that it has secured $2.8 million in series A round funding from Singapore based Venture capital firm Beenxt...

Nikhil Arora of GoDaddy India says, “This budget is a reflection of government's commitment toward delivering inclusive growth"

Speaking on the union budget 2020, that was presented in the parliament by Finance Minister Nirmala Sitharaman on Saturday. Nikhil Arora, Vice President and Managing...

“Allowing NBFCs to finance invoices of MSMEs through TReDs will give clear access to the fund,” Says CMA B Mallikarjun Gupta

Speaking on the budget, tabled by Finance Minister Nirmala Sitharaman on Saturday, CMA B Mallikarjun Gupta, Chief Taxologist at Logo Infosoft said that “Fake...

Coronavirus Outbreak: Over $420 billion wipes out from China's stock market

Investors erased $420 billion from China's benchmark stock index on January 3, sold the yuan and dumped commodities as fears about the spreading novel...
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Budget 2020: Reaction on budget from Industry, Startup founders, Investors, and Analysts

With the bid to boost the economy through the multiple investment announcements in the different sectors like health, rural, education, startups, agriculture and Infrastructure,...

BHEL partners with EESL to develop public charging infrastructure for e-mobility across India

Bharat Heavy Electricals Limited (BHEL) on Friday announced that “It has signed the MoU with EESL to develop a network of public charging infrastructure...

Coronavirus Outbreak: Tesla to shut down Shanghai factory after China order

Amind of the recent outbreak of novel coronavirus in the country, The Chinese government has ordered the American electric automaker, Tesla, to shut down...

Budget 2020: A budget for better economic prospects: expectations from the fintech sector

Even as we prepare for the budget 2020, just a day away, here are some of the expectations from the fintech industry ahead of...

Warren Buffett is selling his newspaper business

OMAHA: Billionaire Warren Buffett is giving up on the newspaper business. He's selling all of Berkshire Hathaway's publications to Lee Enterprises for $140 million, including...
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MoneyTap collects Rs 500 crore in series B round funding from Aquiline Technology Growth, RTP Global, and Sequoia India

Online consumer lending startup MoneyTap on Monday announced that it has raised Rs 500 crore in series B round funding from Aquiline Technology Growth...

Flipkart Co-founder Sachin Bansal resigns from Ujjivan Small Finance Bank board

Citing to the conflict of interest, Flipkart ex-CEO and Co-founder Sachin Bansal has announced that, “It has resigned as an independent director of Ujjivan...

Godfrey Phillips rejects Lalit Modi's claim on KK Modi stake sale

Manufacturer of Marlboro cigarettes in India, Godfrey Phillips India has rejected the claim made by Lalit Modi who said that “Its (Godfrey Phillips) promoter,...

EdTech startup WizKlub secures Rs 7 crore from Incubate Fund India and Insitor Impact Asia Fund

Bengaluru -based edtech startup, WizKlub has announced that “It has raised Rs 7 crore in series seed round funding from Japan's early-stage VC Fund,...

Shriram City Union Finance to raise $1 billion in dollar bond sale through GMTN programme

Chennai-based non-banking financial institution, Shriram City Union Finance Ltd is planning to raise $1 billion in bond sale through Global medium-term notes (GMTN) programme. In...
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Online food delivery company Takeaway wins $8 billion battle of Britain's Just Eat

Amsterdam-based online food ordering company Takeaway.com has won the battle for Britain’s Just Eat with £6.2-billion pound ($8 billion) share offer that will create...

US venture capital funding decline by 42.5% in last quarter of 2019

US venture capital-backed companies raised $23 billion in the last quarter of 2019, down 42.5% from the same period a year ago, according to...

Snack startup Samosa Singh bags $2.7 mn in A round funding from She Capital, Fireside Ventures and others

In participation with Equanimity Investments, and AL Trust. The Bengaluru -based snack startup Samosa Singh has advanced $2.7 million in series A round funding...

Bike rental startup Bounce snaps $105 Mn from B Capital, Accel Partners, and Others

India-based bike rental startup Bounce has raised $105 million in series D round funding from Accel Partners India, B Capital, and others. The new round...

JSW Steel to raise Rs 1,000 crore through Non-convertible debentures

India's largest steel company, JSW Steel on Thursday said that “It will be raising nearly to $1000 crore through issuance of non-convertible debentures.” In a...
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