BUSINESS
Kiwi, Fintech Startup, Secures $13 Million Funding Round Led by Omidyar Network India
Established in November 2022, Kiwi highlighted that this infusion of funds will serve as a catalyst for further amplifying its 'credit cards on UPI' offerings within India's financial landscape.
Rupee Struggles to Recover Despite Decline in US Dollar
Surprisingly, the rupee didn't witness the anticipated gains, which traders attributed to increased dollar purchases by importers, particularly oil companies, aiming to hedge their positions amidst the favorable low dollar price.
ED Files Charge Sheet Against Amway, Alleging Generation of Over Rs 4,000 Crores in Proceeds of Crime
This chargesheet, filed under the Prevention of Money Laundering Act (PMLA), 2002, was presented in a Special Court (PMLA) in Hyderabad, and the court officially acknowledged it on Monday.
Six Crypto Startups Secure $2.1 Billion in Funding This Year, Marking an 80% Drop from 2022
The challenges faced by crypto startups in securing fresh capital are evident despite the market's notable recovery from the crypto winter of 2022.
Primary market splurge - Five issues on offer, choose wisely
The week ended with BSESENSEX gaining 890.05 points or 1.37 per cent to close at 65,794.73 points, while NIFTY gained 306.45 points or 1.58 per cent to close at 19,731.80 points.
November Report Reveals Crypto Losses Surpass $173 Million
CertiK reported that this month's losses rank as the fourth-highest in 2023, largely due to these incidents, making up 91% of the total losses.
Apple 24‑inch iMac with M3 chip a huge leap in performance for all tasks
From editing films and documentaries to making sense of sensitive medical data at a hospital, from a working professional at a design startup to educational needs or seamless video conferencing, the new 24-inch iMac makes the machine even more powerful and more capable.
Retail investor exuberance pushing up broader market
Inspite of recent underperformance, safety is now in large caps. Since FIIs turned buyers in the cash market on two days recently, they are unlikely to sell big and may again buy on favourable developments, he said.
IBC Expected to Drive Surge in Personal Guarantor Recovery Cases
However, the recovery rate from personal guarantors under the IBC currently remains low at 5.22 per cent.
CEA Nageswaran Highlights Startups Vital Role in India's Ascent to Third-Largest Economy
Speaking at the Huddle Global 2023 event hosted by the Kerala Startup Mission (KSUM), Nageswaran emphasized the emergence of Tier-2 and Tier-3 cities, including Thiruvananthapuram, as burgeoning hubs for startups.
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