Author Archives
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ID verification company IDfy raises INR 86 Crore from TransUnion and Blume Ventures
Advertisements IDfy, a Mumbai-based ID verification and onboarding solutions company, has raised investment of INR 86 Crore in its series D round of funding led by TransUnion (NYSE: TRU) and Blume Ventures. IDfy (Baldor Technologies Pvt. Ltd.) builds technology products… Read More ›
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Sustainable Feminine Hygiene Brand The Woman’s Company raises $1.4 Million in Pre-Series A Round
Advertisements A new and exciting D2C sustainable hygiene brand, The Woman’s Company has raised $1.4 million in a Pre-series A round led by Mr. Pradip Burman, Chairman of Mobius Foundation and senior member of the Dabur family. The round was… Read More ›
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IMF cuts Asia’s growth forecast, warns of supply chain risks
Advertisements The International Monetary Fund on Tuesday slashed this year’s economic growth forecast for Asia and warned that a fresh wave of COVID-19 infections, supply chain disruptions and inflation pressures pose downside risks to the outlook. China’s economy will grow… Read More ›
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Tata will need over $1 bn to refurbish Air India’s fleet
Advertisements Tata Sons’ $2.4 billion purchase of debt-ridden, government-owned Air India will give the conglomerate immediate access to valuable flying rights and landing slots that will help it claw back market share from foreign rivals. But industry executives warn any… Read More ›
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Indian banks face rise in bad loans to 8-9% of lending -CRISIL
Advertisements Indian banks are likely to see a rise in gross non-performing assets (NPA) to 8-9% of total lending at the end of this fiscal year from 7.5% last year, rating agency CRISIL said in a report on Tuesday. The… Read More ›
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Reliance to buy 52% stake in top Indian fashion label in luxury bet
Advertisements The retail unit of Indian conglomerate Reliance Industries has acquired a 52% stake in popular designer labels of Ritu Kumar, the company said on Tuesday, in the latest bet on country’s fast-expanding luxury designer and retail market. Reliance Retail… Read More ›
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Delivery Hero buys minority stake in grocery delivery startup Gorillas
Advertisements Delivery Hero said on Tuesday it had invested $235 million in the Berlin-based grocery delivery company Gorillas, amid a boom in rapid delivery services. The purchase means Delivery Hero will own 8% of the fast-growing startup which operates in… Read More ›
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ConveGenius AI Raises $5M
Advertisements In a bid to expand its portfolio, ConveGenius has raised $5M USD in venture capital funding to launch its conversational AI platform, ConveGenius AI in India and global markets. The pre-seed round was led by new investors, BAce Capital,… Read More ›
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Centre Invests Rs 131,000 Cr To Boost Agriculture Sector: Minister Karandlaje
Advertisements The Centre has infused Rs 1,31,000 crore to boost agriculture and allied sectors with special emphasis on becoming an export-oriented economy as India has tremendous potential to satiate global demand, Union Minister Shobha Karandlaje said on Monday. The minister… Read More ›
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Policybazaar’s Parent Firm, Gets Sebi Approval For Rs 6,017-Cr IPO
Advertisements PB Fintech Ltd, which operates online insurance platform Policybazaar and credit comparison portal Paisabazaar, has received capital markets regulator Sebi’s approval to raise Rs 6,017.50 crore through an initial share-sale. The initial public offer (IPO) comprises a fresh issue… Read More ›
