Mumbai (IANS) The Reserve Bank of India (RBI) on Wednesday announced a series of measures to boost foreign exchange inflows. The central bank said that it has taken the steps in order to further diversify and expand the sources of forex … read more
Chennai (IANS) High crude prices and relatively strong domestic demand weighed on India’s June trade deficit at $25.6 billion, said Kotak Securities. In a research report, Kotak Securities said with risks of global slowdown and correction in global commodity prices, exports … read more
New Delhi (IANS) There is no stopping resignations at Ola Electric and now, Yashwant Kumar, who is Senior Director and Business Head for Charging Networks at the company, has decided to move on. A B.Tech from the Indian Institute of Technology-Bombay, … read more
New Delhi (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that cryptocurrencies are a clear danger to the financial systems, adding that we must be mindful of the emerging risks on the horizon. In the RBI’s annual … read more
New Delhi (IANS) Top online skill gaming associations on Tuesday expressed deep concern at reports that the GST rate on online skill games may be increased from existing 18 per cent to 28 per cent. The E-Gaming Federation (EGF), the All … read more
New Delhi (IANS) Ride-hailing platform Ola has shut down its used vehicle business Ola Cars as well as Ola Dash, its quick-commerce business, at a time when Indian companies are pouring money into the 10-15 minute grocery delivery market. The company … read more
Chennai (IANS) The absence of full-time Chairman and Managing Director for the listed New India Assurance Company and full-time Directors for all the public sector non-life insurers, failure of IRDAI in curbing the unethical market practices of private players, are some … read more
Kolkata (IANS) Diversified Indian conglomerate ITC Limited’s sales through the e-commerce channel in the last financial year saw a threefold rise over FY 2019-20 levels, taking the channel salience to 7 per cent. In its recently released annual report, the company … read more
New Delhi (IANS) Global VC firm Accel has announced a new $4 billion later-stage fund to provide expansion capital to promising companies within its own portfolio worldwide, as well as other aspiring firms. Accel set up local teams and establish a … read more
Bengaluru (IANS) Sales automation software-as-a-service (SaaS) platform LeadSquared on Tuesday announced it has raised $153 million in a Series C funding round from WestBridge Capital to become a new unicorn (valuation of $1 billion and above) in the country. India is … read more