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VC firm GVFL unveils Rs 100 crore fund to nurture up to 30 startups

Jun 19, 2024

New Delhi, June 19 (IANS) Venture capital firm GVFL on Wednesday announced the first close of its new Seed Stage fund, Prarambh Fund, raising Rs 100 crore to nurture 25-30 promising seed startups in the next one year.The fund will focus on tech startups in B2B SaaS, healthtech, agritech, climate-tech and deeptech, with investments in the range of…

Centre plans to revamp PLI schemes to boost MSME sector

Jun 19, 2024

New Delhi, June 19 (IANS) The government is planning to revamp the production-linked incentives (PLIs) by relaxing the norms for releasing funds, including more sectors under the scheme, and extending benefits to MSMEs (micro, small and…

Business

Mesabi Metallics appoints Joe Broking as President and CEO

Jun 19, 2024

Mumbai, June 19 (IANS) Mesabi Metallics Co. LLC has announced the appointment of Joe Broking as the President and Chief Executive Officer of the company. “Mesabi Metallics is at a new and exciting stage in its development where we are…

Business

Gautam Adani lists 3 key areas in building robust national infrastructure

Jun 19, 2024

Mumbai, June 19 (IANS) Gautam Adani, the Chairman of the Adani Group, on Wednesday, listed three key areas which will further help the national infrastructure grow in years to come, driving the country to realise its goal of becoming a $30…

Business

US regulators accuse TikTok of violating child privacy laws

Jun 19, 2024

Washington, June 19 (IANS/DPA) The US Federal Trade Commission (FTC) has referred a complaint against the popular video-sharing app TikTok and its Chinese parent company ByteDance to the Department of Justice, alleging that they failed to…

Business

Bharti Airtel acquires 1 pc equity stake in Indus Towers

Jun 19, 2024

Mumbai, June 19 (IANS) Bharti Airtel said on Wednesday it has acquired 1 per cent equity stake in telecommunications infrastructure company Indus Towers, after the UK's Vodafone Group sold nearly 20 per cent shareholding in the firm. In a…

Business

Luxury property buying surges amid rising disposable income in India: Report

Jun 19, 2024

New Delhi, June 19 (IANS) With disposable income continuing to rise amid changing lifestyle preferences, more and more Indians in metros are purchasing high-value, premium properties than ever before.There has been a surge in the sale of…

Business

Sensex and Nifty trade higher, banking stocks in top gear

Jun 19, 2024

Mumbai, June 19 (IANS) India equity indices opened in the green on Wednesday following which top private banks like IndusInd Bank, ICICI Bank and Axis Bank have become top gainers in Sensex.In early trade, Sensex and Nifty rose to a new…

Business

PhonePe Payment Gateway launches referral programme

Jun 19, 2024

New Delhi, June 19 (IANS) The PhonePe Payment Gateway (PG) has announced the launch of its referral programme -- 'PhonePe PG Partner Programme', which is designed for anyone helping a business grow online.As a referral partner, they can…

Business

HP brings next-gen AI PCs to India for businesses, creators

Jun 19, 2024

New Delhi, June 19 (IANS) PC and printer major HP Inc on Wednesday announced the pre-booking of its next-generation AI PCs in India for businesses, creators and retail customers.HP EliteBook Ultra and HP OmniBook X laptops can be booked…

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