VC firm GVFL unveils Rs 100 crore fund to nurture up to 30 startups
New Delhi, June 19 - 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.
Centre plans to revamp PLI schemes to boost MSME sector
New Delhi, June 19 - 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 medium enterprises) in labour-intensive sectors through special
Mesabi Metallics appoints Joe Broking as President and CEO
Mumbai, June 19 - Mesabi Metallics Co. LLC has announced the appointment of Joe Broking as the President and Chief Executive Officer of the company.
Bharti Airtel acquires 1 pc equity stake in Indus Towers
Mumbai, June 19 - 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.
Global funds bullish on debt market, over Rs 83,000 crore invested since Sept
New Delhi, June 19 - Global funds remained bullish on the Indian debt market as nearly Rs 83,360 crore ($10 billion) has been invested in Indian bonds since September 2023.
Public sector banks beat private rivals in efficiency parameter: SBI study
Mumbai, June 19 - Public sector banks in India record a higher level of "efficiency" compared to their private sector counterparts, according to a study conducted by the State Bank of India (SBI).
LG joins ChargePoint to expand EV charging infrastructure in US
Seoul, June 19 - LG Electronics said on Wednesday it has partnered with ChargePoint, the leading supplier of charging solutions for electric vehicles in North America, to expand its EV charging business on a global basis.
Luxury property buying surges amid rising disposable income in India: Report
New Delhi, June 19 - 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.
Sensex and Nifty trade higher, banking stocks in top gear
Mumbai, June 19 - 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.
PhonePe Payment Gateway launches referral programme
New Delhi, June 19 - 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.
HP brings next-gen AI PCs to India for businesses, creators
New Delhi, June 19 - 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.
Amazon fined about $6 million for violating labour laws in US
New York, June 19 - E-commerce giant Amazon has been fined nearly $6 million for violating labour laws in the state of California in the US.
Cushman & Wakefield, Lockheed Martin delegations meet Telangana CM
Hyderabad, June 19 - Delegations of Cushman & Wakefield and Lockheed Martin called on Telangana Chief Minister A. Revanth Reddy on Tuesday.
Budget 2024-25: CII seeks steps to cut cost of business & enhance ease of doing biz
New Delhi, June 18 - Apex business chamber CII has in its presentation to the government ahead of the Union Budget, requested for the rationalisation of stamp duty on land and phasing out the cross-subsidy on power rates to "reduce the cost of
41 per cent of Indian workers have 2 or more sources of income, reveals report
New Delhi, June 18 - About 41 per cent of Indian workers now have two or more sources of income, the highest among 18 surveyed countries, as there has been a substantial rise in salary satisfaction among the Indian professionals, a report showed
CII urges govt to leave corporate tax rates at current levels in Budget 2024-25
New Delhi, June 18 - Apex business chamber Confederation of Indian Industry (CII) has in its wish list for the Union Budget 2024-2025 urged the government to maintain corporate tax rates at current levels to provide tax certainty for businesses.
AI-powered Copilot+PCs now available, says Satya Nadella
New Delhi, June 18 - Microsoft on Tuesday announced the availability of its new Copilot+PCs – Surface Laptop and Surface Pro – which are the fastest Windows PCs designed for the AI era.
Print & web media company Swarajya raises funds for next phase of growth
New Delhi, June 18 - Print and web media company Swarajya on Tuesday announced a new funding round in its sponsor company Kovai Media Pvt. Ltd.
There has never been a better time to be an Indian: Gautam Adani
Mumbai, June 19 - There has never been a better time to be an Indian, and within the next decade, India will start adding a trillion dollars to its GDP every 12 to 18 months, putting us on track to be a $30
India stems wealth exodus amid robust economic development: Report
New Delhi, June 19 - Buoyed by overall economic development, India has stemmed its wealth exodus, with just 4,300 millionaires projected to leave the country in 2024 -- compared to 5,100 last year, a new report has projected.