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Digital lending platform Fibe raises $90 mn led by TR Capital, others

Jun 5, 2024

New Delhi, June 5 (IANS) Digital lending platform Fibe said on Wednesday that it raised $90 million in a Series E round led by TR Capital, Trifecta Capital and Amara Partners. Its existing investors TPG Rise Fund, Norwest Venture Partners, Eight Roads Ventures and Chiratae Ventures also participated in the round."With this new capital injection,…

Byju’s US subsidiary lenders drag more entities into bankruptcy

Jun 5, 2024

New York, June 5 (IANS) A group of lenders on Wednesday petitioned against new entities, tied to embattled edtech company Byju's US subsidiary, into bankruptcy in a US court, alleging that these entities are not paying their debts.The group…

Business

Centre unveils initiative to support MSMEs, startups adopt Industry 4.0 tech

Jun 5, 2024

New Delhi, June 5 (IANS) The government on Wednesday announced a new initiative to help Micro, Small and Medium Enterprises (MSMEs) and startups adopt emerging technologies for their 'Industry 4.0' transformation.The Department of…

Business

Investors gain Rs 12 lakh crore as stock markets shrug off poll jitters

Jun 5, 2024

Mumbai, June 5 (IANS) The Indian indices shrugged off election jitters and massively rebounded in a sharp rally on Wednesday, as the BJP-led National Democratic Alliance (NDA) prepared to stake fresh claims for government formation.The…

Business

Software giant SAP to acquire digital adoption platform WalkMe for $1.5 bn

Jun 5, 2024

New Delhi, June 5 (IANS) Enterprise software giant SAP on Wednesday announced that it has entered into a definitive agreement to acquire digital adoption platform WalkMe in an all-cash transaction worth $1.5 billion.The acquisition is…

Business

Adani Defence and Aerospace celebrates World Environment Day by planting saplings

Jun 5, 2024

New Delhi, June 5 (IANS) Employees at the Adani Defence and Aerospace on Wednesday planted several tree saplings on the occasion of World Environment Day.World Environment Day is observed every year on June 5 to raise awareness about…

Business

Govt seeks stakeholders’ views on draft Central Excise Bill

Jun 4, 2024

New Delhi, June 4 (IANS) The Central Board of Indirect Taxes & Customs (CBIC) on Monday invited suggestions on the draft Central Excise Bill, 2024, from stakeholders by June 26 as part of the pre-legislative consultation process.The…

Business

India’s foodgrain production rises by 211 lakh million tonnes in 2023-24

Jun 4, 2024

New Delhi, June 4 (IANS) The country’s total foodgrain production is estimated at 3288.52 Lakh Metric Tonnes (LMT) for 2023-24 which is 211.00 LMT higher than the average foodgrain production of the last 5 years (2018-19 to 2022-23) of…

Business

Investors lose Rs 30 lakh crore in single day in biggest market fall in 4 years

Jun 4, 2024

Mumbai, June 4 (IANS) Jitters of counting day led the Indian indices to experience their biggest fall in the last four years on Tuesday with the investors losing nearly Rs 30 lakh crore in a single season.As the counting for the Lok Sabha…

Business

With increasing govt support, next 5 years hold great potential for EV sector: Experts

Jun 4, 2024

New Delhi, June 4 (IANS) With increasing governmental support, infrastructural advancements, and growing consumer awareness, the next five years hold immense potential for the electric vehicle (EV) sector, experts said on Tuesday.According…

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