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Vahak raises $14mn in series A round led by Nexus Venture Partners

Deal takes total fundraise to $20 mn; Vahak is a free-to-use, open marketplace for shippers and transport SMEs to discover and connect with truckers to help with their transportation needs

Kotak Investment Advisors, AIDA form $590 mn realty fund for office spaces

This is Kotak Investment Advisors's 12th real estate fund and with it, the firm has so far raised, managed, or advised over $2.8 billion under its real estate fund series

Marzin R Shroff to step down as MD & CEO of Eureka Forbes in August

Will move to a new role as a senior advisor to both Eureka Forbes and Advent International

Second-sale realty broker Settlin raises $1 mn in pre-series A round

Powerhouse Ventures, Rajesh Sawhney-founded GSF Fund, and Bharat Matrimony founder among investors; funds to be used for expanding within Bengaluru

Mumbai group Muktangan claims success for inclusive schooling programme

Muktangan says its programme helped students clear state SSC exams, with 90% scoring first class

Mahindra Group appoints new chief group officer for public affairs

Abanti Sankaranarayanan will be part of the group executive board, reporting to the CEO

Textile exporters bat for fine tuning of RoSCTL scheme to retain edge

The discount on tradeable scrips has gone up from 3% to about 20%, benefitting importers who are taking undue advantage at the cost of exporters, says industry

Godrej group, IIT-M alumni start-up Tvasta start 3D construction printing

3D construction printing tech will be used to develop various sustainable infra projects, housing solutions, disaster relief structures, national defence related applications

Yield curve shows India's better long-term growth prospects: RBI paper

"The yield curve is indicating an improvement in long-term growth prospects and an upshift in ex-ante inflation expectations," the study said

Comply with norms on display of nutritional value: FSSAI to Swiggy, Zomato

FSSAI had come out with labelling and display regulations in 2020 for food service firms

India better placed to avoid stagflation risk, says RBI report

Paints an encouraging picture of economic activity gaining strength, with most GDP constituents exceeding their pre-pandemic levels

SAT gives ICEX another chance, quashes withdrawal of permanent recognition

Tribunal says 'the ship may be sinking but the leakages can be plugged', pulls up Sebi for concluding exit of top officials would necessarily lead to closure of the exchange

'Sebi acted in haste': Chanda Kochhar gets interim relief from SAT

Tribunal directs Kochhar to file a fresh application before Sebi

Assocham appreciates govt's plan of recruiting 1 mn people in 18 months

Prime Minister Narendra Modi on Tuesday announced the plans of mass recruitment in the central government as well as its various agencies, departments, and ministries.

India's trade deficit hits record high of $24.3 bn in May: Govt data

Preliminary estimates released earlier in the month had put the trade deficit at $23.3 billion

Rupee closes at new all-time low ahead of Fed's interest rate decision

On Monday, the rupee had breached the 78/$ mark and hit a record low of 78.28/$ intraday

CBIC issues guidelines for post audit and refund claims under GST

This is following several reports CBIC received about different practices being followed by the field formations, creating issues for taxpayers

Gig jobs see surge in demand in sales and marketing across sectors

Quick commerce, healthtech, fintech and ecommerce are top sectors in Indian gig space

PE/VC investments in May rise 42% to $5.3 bn; dip 29% month-on-month

Real estate and infrastructure sector investments took the top spot in May 2022, recording $1.7 billion in investments

Groyyo raises $40 million in Series A funding round led by Tiger Global

These funds will be utilised to scale up the team across manufacturing clusters in India and Bangladesh and key demand belts in the United States and European Union