BUSINESS
Perfios raises $229 mn from Kedaara Capital, to expand global footprint
The fundraise, through the combination of a primary fund raise and a secondary sale, is one of the largest investments in an Indian B2B SaaS company this year.
Nifty likely to make another attempt to cross 20K mark
But investors have to be cautious since fundamentals do not support a sustained rise above 20,000. Large FII selling may re-emerge at higher levels, he added.
US dollar’s longest winning streak in nearly nine years
The greenback was heading for its eighth-straight week of gains against a basket of other major currencies on Friday, its best run since winter 2014-2015. It has gained 5 per cent since mid-July, CNN reported,
Best chance during week for new indices
The Indian Rupee was under some pressure and lost 22 paisa or 0.27 per cent to close at Rs 82.94 to the US Dollar. Dow Jones gained on two of the four trading sessions, losing on the remaining two. It lost 261.12 points or 0.75 per cent to close at 34,837.71 points.
Buoyant sentiments may lift Nifty towards 20K mark over next few days
With monsoon gradually improving and India hosting G20 summit over the weekend, sentiments are buoyant and may lift market towards its life high and 20K mark over the next few days, he added.
India's G20 presidency has walked the talk on concern of Global South on MBDs: Nirmala Sitharaman
The G20 has committed to pursue reforms for better, bigger and more effective MDBs to address global challenges to maximise developmental impact, Finance Minister Nirmala Sitharaman added, while addressing a press conference on the sidelines of the G20 summit.
PM Modi launches Global Biofuels Alliance to cut import dependence
India, Brazil and the US are the founding members of the alliance. The Prime Minister launched the alliance in the presence of the US president Joe Biden, Brazilian President Luiz Inacio da Silva, Argentinian President Alberto Fernández, Italian Prime Minister Giorgia Meloni, and Bangladesh Prime Minister Sheikh Hasina among others.
G20 summit: India-Middle East-Europe economic corridor to be launched soon
The first-of-its-kind economic corridor will be a historic initiative on cooperation, connectivity and infrastructure involving India, UAE, Saudi Arabia, EU, France, Italy, Germany, and the US.US President Joe Biden, Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen announced the project during the annual Group of 20 summit of the world's top economies.
M&A specialised law firm CLA to merge with JSA
According to JSA, the CLA's merger will be effective from October 1, 2023 and would bolster its capabilities and service offerings in the Chennai market, and more broadly across South India, along with its offices in Bengaluru and Hyderabad. As a result of the merger, CLA will bring to JSA legal professionals, comprising four partners and 17 associates.
Surge in yields makes owning US stocks over bonds the most unattractive in decades
The benchmark S&P 500 index has gained 16 per cent this year, pushed higher by Wall Street's obsession with artificial intelligence that has propelled mega-cap technology stocks to dizzying heights, CNN reported.
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