BS Reporter
BS Reporter
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Microsoft, govt plan to train 2.5 mn civil servants in computer skills
Programme will help officials in providing last-mile services to underprivileged sections of society
 "Microsoft, govt plan to train 2.5 mn civil servants in computer skills")
Credit rating of Rs 35,000 cr debt could be lowered due to RBI diktat: Icra
Power, healthcare, engineering, construction, and roads sectors account for 60% of the total entities whose ratings could potentially be affected
 "Credit rating of Rs 35,000 cr debt could be lowered due to RBI diktat: Icra")
Three bidders submit resolution plans for bankrupt Srei Group firms
According to sources, Arena Investors LP and VFSI Holdings, an affiliate of Varde Partners, were among those who submitted plans
 "Three bidders submit resolution plans for bankrupt Srei Group firms")
CoinSwitch launches $10 mn fund to support start-ups, blockchain tech
Web3 Discovery will give entrepreneurs access to investors like Tiger Global, Ribbit Capital, Coinbase Ventures
 "CoinSwitch launches $10 mn fund to support start-ups, blockchain tech")
Difference between EPFO, EPS needs to be assessed, says Supreme Court
Pensioners informed the apex court that asking the employees to contribute 1.16 per cent for salaries above Rs 15,000 was against the Employees' Provident Funds And Miscellaneous Provisions Act, 1952
 "Difference between EPFO, EPS needs to be assessed, says Supreme Court")
Bank credit grows 14.5% YoY as on July 29, deposits grow 9.1%: RBI data
Bank credit rose 14.52% to Rs 123.69 trn and deposits increased 9.14% to Rs 169.72 trn in the fortnight ended July 29, according to RBI data
 "Bank credit grows 14.5% YoY as on July 29, deposits grow 9.1%: RBI data")
S&P affirms ANI Technologies' 'B-' rating on sufficient liquidity
ANI Technologies Pte Ltd is scaling back its growth aspirations in loss-making segments to reduce capital requirements
 "S&P affirms ANI Technologies' 'B-' rating on sufficient liquidity")
Weave Capital launches $75 mn venture fund; aims first close at $20 mn
The fund is the venture arm of SPVH group, a global investment and holding company having different verticals and business interests
 "Weave Capital launches $75 mn venture fund; aims first close at $20 mn")
Indian fintech to have $1 tn in AUM, $200 bn revenue by 2030: Report
Fintech-facilitated lending will grow by $476 billion to reach $514.6 billion in book size by 2030
 "Indian fintech to have $1 tn in AUM, $200 bn revenue by 2030: Report")
No-tolerance policy on illegal activities: Crypto exchange WazirX
Crypto exchange says it has a no-tolerance policy towards illegal activities
 "No-tolerance policy on illegal activities: Crypto exchange WazirX")
SaaS start-up SquadStack raises Rs 140 cr in Series B funding for expansion
The SaaS-enabled talent marketplace will use the Series B round fund to strengthen its team, increase its sales experts base and expand into new verticals
 "SaaS start-up SquadStack raises Rs 140 cr in Series B funding for expansion")
Sauvik Banerjjee, former Tata Digital CTO, joins UK's Rezolve
Banerjjee brings to Rezolve more than 22 years of experience in senior roles
 "Sauvik Banerjjee, former Tata Digital CTO, joins UK's Rezolve")
Accenture and AWS collaborate to upskill individuals for cloud careers
It will also connect learners to potential employers and offer support for resume writing and coaching for job interviews
 "Accenture and AWS collaborate to upskill individuals for cloud careers")
Govt orders restrictions on export of maida, semolina and wheat flour
Last month, the government had curbed exports of wheat flour and before that it had banned wheat exports on May 13
 "Govt orders restrictions on export of maida, semolina and wheat flour")