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B Capital, the co-founder of Facebook, closes a $750 million fund for startups
The $750 million closure of B Capital’s Opportunities Fund II was announced on Tuesday. This occurs in the midst of…
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In Chennai, WeWork India establishes a new office location
The co-working space provider WeWork India has leased more than 130,000 square feet of space at Olympia Cyberspace to launch…
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ATC chooses to convert Rs. 1,440 crore that is owed into fully paid-up VIL shares
The telecom infrastructure provider American Tower Corporation (ATC) has chosen to convert its outstanding debt of Rs 1,440 crore to…
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Grasim uses NCD to get Rs. 1,250 crore from IFC
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has invested Rs 1250 crore in…
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TMB and DCB Bank are penalized by the Reserve Bank for benchmarking loans
TamilNad Mercantile Bank (TMB) and Mumbai-based DCB Bank have been hit with financial penalties by the Reserve Bank of India…
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Sebi approves Bharti Hexacom’s plan to use an IPO to acquire money
Capital markets regulator Sebi has given the go-ahead for Bharti Airtel’s subsidiary Bharti Hexacom to raise money via an initial…
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4% inflation aim is hindered by food prices: RBI
As food prices fluctuate, core inflation is gradually declining and bringing headline inflation closer to the 4% objective, the Reserve…
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Net direct tax income for FY24 increases by 20% to Rs 18.9 lakh crore
The Central Board of Direct Taxes (CBDT) announced preliminary numbers on Tuesday that showed net direct tax receipts for the…
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MKT depends on global signals and valuation
Wednesday saw a sharp decline in the domestic equity market, with the benchmark indices, the BSE Sensex and NSE Nifty50,…
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