[ad_1] Live commerce platform Peepul Tree on Wednesday said it has raised USD 6 million, about Rs 49 crore, in an investment round led by Elevar Equity. The company plans to utilise the fund to onboard content creators, digitise the artisan supply chain and build...
[ad_1] Bankrupt Reliance Communications’ committee of creditors (CoC) will be meeting on Thursday as part of a long-standing insolvency process which, experts believe, is headed towards liquidation of what was once India’s second largest telco.The agenda for the meeting was not disclosed in a filing...
[ad_1] Sai Silks Kalamandir, a Hyderabad-based apparel retailer has entered into a vendor financing partnership of Rs 40 crore with Vivriti Capital, a business-to-business non-banking financial company.Sai Silk will utilise the funds towards procurement of raw materials to meet the increased demand during the ongoing...
[ad_1] The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions.The international development institution downgraded almost all of its forecasts for advanced economies in the world, cutting its growth...
[ad_1] New mobile internet subscribers fell 40-45% in 2022 following the jump in base smartphone prices, weighing down India’s internet user base growth, a trend likely to continue in 2023, said industry experts and analysts.“The number of new subscribers using the mobile internet per year...
[ad_1] The power ministry may provide financial support to state-owned gas-based generation companies to make up for unrealised input costs so that they can produce and sell electricity in the peak demand season for grid stability."Because gas prices are higher and that is not fully...
[ad_1] The French government is presenting new plans to update the pension system. Analysts expect some backlash from some workers.Nurphoto | Nurphoto | Getty ImagesFrench President Emmanuel Macron is going at it again.A new pension reform proposal was presented Tuesday that included plans to raise...
[ad_1] Kotak Securities has invested Rs 5 crore in Bengaluru-based fintech Banksathi by leading its pre-series-A round funding. Kotak Securities in the recent past has made four strategic investments and two acquisitions in the startup space. While it has invested in Stockedge, eLearn Markets, Flipit...
[ad_1] The phased rollout of 20 per cent ethanol blending in India will begin this April, the Petroleum and Natural Gas Ministry said on Tuesday.India has increased the ethanol blending in petrol from 1.53 per cent in 2013-14 to 10.17 per cent in 2022 and...
[ad_1] The mutual fund industry added Rs 2.2 lakh crore to its asset base in 2022, driven by consistent monthly increase in SIP (Systematic Investment Plan) flows.The Assets Under Management (AUM) of the mutual fund industry rose by 5.7 per cent or Rs 2.2 lakh...