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Ruckus over ST Co-operative Bank in Maharashtra Legislative Council

Dec 11, 2023

Nagpur, Dec 11 (IANS) The Maharashtra Legislative Council on Monday witnessed ruckus over the "inaction" against directors of ST Co-operative Bank, led by Gunaratna Sadavarte, which is reportedly on verge of bankruptcy. Raising the issue immediately after the question hour, senior Shiv Sena (UBT) leader Anil Parab said that Sadavarte and his wife…

GenAI startups defy funding winter, raise record $10 bn in 2023

Dec 11, 2023

New Delhi, Dec 11 (IANS) Generative AI (GenAI) startups raised $10 billion in venture capital globally in 2023, a huge 110 per cent rise compared to 2021, a new report showed on Monday.Startup funding has been subdued in 2023 with $224…

Business

Online furniture brand Pepperfry registers Rs 188 cr losses in FY23

Dec 11, 2023

New Delhi, Dec 11 (IANS) Online furniture brand Pepperfry registered Rs 188 crore in losses in FY23, down just 3 per cent from Rs 194 crore losses in FY22. Pepperfry has been witnessing slow growth in the last few fiscal years. The company…

Business

Sensex closes 103 points higher after retreating from 70,000 record high

Dec 11, 2023

Mumbai, Dec 11 (IANS) The BSE 30-stock benchmark Sensex hit a lifetime high, surging past the 70,000 mark in morning trade on Monday but then lost ground to settle at 69,928.53 at close, after the USFDA released an adverse report on Dr.…

Business

Tata Power, Indian Oil ink pact to set up 500 charging points for EVs

Dec 11, 2023

New Delhi, Dec 11 (IANS) Tata Power and Indian Oil Corporation Limited (IOCL) have signed a Memorandum of Understanding (MoU) to roll out over 500 electric vehicle (EV) charging points at the oil marketing company's petrol pumps across the…

Business

TikTok to invest $1.5 bn in GoTo’s Indonesia e-commerce biz

Dec 11, 2023

Jakarta, Dec 11 (IANS) Chinese short-video making platform TikTok on Monday committed to invest $1.5 billion in Indonesian firm GoTo’s e-commerce unit Tokopedia to drive long-term growth for MSME sector and the country’s digital economy as…

Business

AWS India’s interim head Vaishali Kasture quits, 2nd top exec to leave this year

Dec 11, 2023

New Delhi, Dec 11 (IANS) Amazon Web Services (AWS) India and South Asia's interim country head for commercial business, Vaishali Kasture, has quit the company, the media report said on Monday. Kasture resigned from her role seven months…

Business

Consumer confidence stays stable in RBI survey across 19 major cities

Dec 11, 2023

Mumbai, Dec 11 (IANS) Consumer confidence in the country for the current period remained stable as higher pessimism on the current general economic situation and employment was counterbalanced by a positive turnaround in sentiment on…

Business

More households expect higher inflation ahead: RBI survey

Dec 11, 2023

Mumbai, Dec 11 (IANS) A larger share of households in the country expect higher inflation for both three months and one year periods going ahead, according to the Reserve Bank of India’s (RBI) bi-monthly survey on inflation expectations…

Business

Hiring for blue-collar workforce in India up 7.4% in 2023

Dec 11, 2023

New Delhi, Dec 11 (IANS) The blue-collar workforce in India saw a rise of 7.4 per cent in hiring in 2023 and logistics, construction and real estate, tourism and hospitality emerged as the top sectors for top job opportunities, a report…

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