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India's economy holds strong but no thaw in fintechs' funding winter

Funding in first half of this calendar year is at $795 mn, a decline of 11% from second half of 2023

Domestic brokerage Prabhudas Lilladher ups Nifty target to 26,398

Some of the tailwinds identified by the brokerage are a normal monsoon and stable global commodity prices helping tame inflation and boost rural demand

Motilal Oswal MF launches a new fund focusing on current capex cycle

The fund house said India has a huge manufacturing opportunity on the export front with sectors like chemicals, pharma, industrial machi­n­ery, and automotive likely to emerge as key drivers

NRI deposits see $3 billion inflows in April-May FY25, shows RBI data

In May alone, inflows into the various NRI schemes stood at $1.7 billion compared to $1.07 billion in April

Karur Vysya Bank Q1 results: Net profit rises 27.86% to Rs 459 crore

Operating expenses for the quarter were Rs 667 crore compared to Rs 582 crore during the corresponding quarter of the previous year

LTIMindtree bags multimillion dollar contract extension with Absa Bank

This strengthened partnership solidifies LTIMindtree's leadership in the banking, financial services, and insurance (BFSI) sector

Union Budget 2024-25: Here are the key challenges in retail sector

Digital transformation needs to have zero tolerance on consumer data breaches

Zee Entertainment Enterprises to raise $239 million through FCCB

The opening of the issuance of FCCBs is Tuesday, and the conversion price of Rs 160.20 per equity share includes an equity premium of Rs 159.20 a share

State Bank of India launches spl scheme 'Amrit Vrishti' to garner deposits

SBI's Amrit Vrishti offers 7.25% on deposits for 444 days

Amazon Web Services, Tamil Nadu hub join hands for AI startup programme

Programme will enable startups to collaborate with the industry to build public sector-focused solutions using generative AI

Namma Yatri parent raises $11 mn in funding from Blume Ventures, Antler

Company that runs community-led mobility apps will use the money for improving technology, research

RVNL, Voda Idea, Prestige Estates, Oil India may be added to MSCI index

The global index provider will announce the changes on August 13, and funds will have to adjust their positions by August 30

RKN Enterprises sold 1.11% stake in GCPL to other Godrej family members

On May 2 this year, the Godrej family had announced an amicable settlement under which the Adi-Nadir and Jamshyd-Smita families bought each other's stakes for zero consideration in each other's cos

Irdai may consider implementing risk-based supervision model: Keki Mistry

India's overall insurance penetration reduced to 4% in FY23 from 4.2% in FY22

Sembcorp Industries sets ball rolling for Rs 36,000 crore TN project

TCMPL will design all the elements of the facility by providing highly specialised engineering services

AMD and IIT-B join hands to support semiconductor startups in India

The startups will work on devising ways to significantly reduce the energy consumption utilised by conventional neural networks

Budget 2024-25: Here are key challenges in artificial intelligence infra

Increased funding for AI research through a greater thrust on R&D, such as academic institutions, innovation centres, and a thriving startup ecosystem

MP CM to meet industrialists over investment opportunities on Saturday

Principal Secretary of the Department of Industrial Policy and Investment Promotion, Raghvendra Singh, will inform industrialists about investment opportunities and possibilities in Madhya Pradesh

Union Budget 2024-25: Here are the key challenges in health care sector

Public healthcare expenditure is estimated at 2.1% of GDP as of FY23, which is lower than that of many developing nations

Financial institutions plan annual ESG spending of up to $500,000: Study

More than half of global financial institutions find keeping up with changing regulations as a challenge in meeting ESG goals