BUSINESS
IndiGo Set to Initiate Mumbai-Ayodhya Flight Operations Starting January 15th
This move follows IndiGo's recent announcement of initiating flights from the upcoming Maryada Purushottam Shri Ram International Airport in Ayodhya, commencing with services from Delhi on December 30.
Large Indian firms 2.3X more likely than startups to have responsible AI practices
Around two-third of businesses in sectors such as BFSI, technology, media, and telecom (TMT) and healthcare reported having either matured RAI practices or having initiated formal steps towards RAI adoption.
Centre Reports PLI Schemes Garnering Rs 95,000 Crore in Investments
One of the most significant outcomes of the PLI schemes has been the generation of employment opportunities, directly and indirectly benefiting over 6.4 lakh individuals.
BharatPe Records Impressive Growth: 182% Revenue Surge in FY23, EBITDA Loss Reduced by Rs 158 Crore
The company's progress is evident in the significant improvement in the loss before tax, which decreased from Rs 5,594 crore to Rs 886 crore. The merchant lending division played a pivotal role in this growth, witnessing a remarkable 129% increase in loans facilitated, reaching Rs 5,339 crore.
SCOPE Ventures into Investment: Unveils $45 Million VC Fund for Fintech and Gaming Startups
Operating as an independent entity, SCOPE's VC arm aims to identify, nurture, and accelerate groundbreaking startups demonstrating exceptional promise and disruptive potential within the fintech and gaming realms.
SoftBank Signals Potential Share Sale: Reportedly Eyeing $310 Million in FirstCry's IPO
Sources reveal that SoftBank's recent share sale amounts to around Rs 630 crore, marking the second phase of divestment. In total, SoftBank has offloaded shares worth $310 million in two rounds. Notably, SoftBank initially invested $400 million in FirstCry when the platform was valued at approximately $900 million.
PSU stock indices outperform in trade
BSE CPSE index is the best performing index with several PSU stocks rallying. HOCL is up 11 per cent, Mazagaon Dock is up 8 per cent, MSTC is up 8 per cent, GRSE is up 7 per cent, NLC India is up 6 per cent, Bharat Dynamics is up 5 per cent, NMDC is up 4 per cent.
October Sees a Surge: FDI Flows Reach 21-Month High
The RBI data revealed that net FDI in India for October reached $5.9 billion, a significant increase from $1.55 billion in September. This marks the third consecutive month of growth in net FDI.
InCred Secures $60 Million in Funding, Attains Unicorn Status as India's Second in 2023
According to insights from Entrackr, the funding drive was spearheaded by InCred Wealth, the wealth management arm of InCred, contributing an impressive $36.76 million. MEMG Family Office followed suit with a noteworthy investment of $9 million.
2023 may have been cryptocurrencies best year ever
Bitcoin, the crypto’s bellwether asset, is up 160 per cent for the year. Two high-profile court cases came down in the industry’s favour.
Don't Miss
Advertisement