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Updated On : 14 Jun 2022 | 11:25 PM IST

Multiply Ventures raises Rs 260 cr via maiden fund focused on consumer tech

The Bengaluru-based VC fund said it exceeded its target of Rs 250 crore

Multiply Ventures raises Rs 260 cr via maiden fund focused on consumer tech
Updated On : 14 Jun 2022 | 11:24 PM IST

As states compete for investments, Gujarat's industrial clout keeps growing

Its lead in adding factory assets has widened even as states like Tamil Nadu do better on other parameters in nationwide competition for investments

As states compete for investments, Gujarat's industrial clout keeps growing
Updated On : 14 Jun 2022 | 11:15 PM IST

Elvis-themed wedding chapels face a new fee for the King in Las Vegas

Baz Luhrmann's 'Elvis' biopic is set to hit theaters later this month, potentially stoking more interest in weddings featuring the singer's lookalikes

Elvis-themed wedding chapels face a new fee for the King in Las Vegas
Updated On : 14 Jun 2022 | 11:08 PM IST

Bengaluru ranks 5th globally for tech VC investments in 2022: Report

The city's tech firms have raised $7.5 bn in tech venture capital investment so far in 2022 - more than any other year previously

Bengaluru ranks 5th globally for tech VC investments in 2022: Report
Updated On : 14 Jun 2022 | 11:06 PM IST

Innovation fund Pontaq signs deal with TN govt to support startups

Holds investor summit with participation from 50 tech-based startup founders

Innovation fund Pontaq signs deal with TN govt to support startups
Updated On : 14 Jun 2022 | 11:03 PM IST

WTO Ministerial: Can't agree to unfair text on fisheries deal, says Goyal

India wants to protect subsidies of several million low-income, poor traditional fishermen as it is a matter of livelihood for them

WTO Ministerial: Can't agree to unfair text on fisheries deal, says Goyal
Updated On : 14 Jun 2022 | 11:03 PM IST

BCCI walks away with Rs 48,390 cr in three-day IPL auction for media rights

Disney-Star, Viacom18 and Times Internet are winners, confirms cricket body's secretary Jay Shah

BCCI walks away with Rs 48,390 cr in three-day IPL auction for media rights
Updated On : 14 Jun 2022 | 11:00 PM IST

Only 12% firms using AI at a level that gives competitive edge: Accenture

63% global firms are AI experimenters, barely scratching the surface of its potential with AI maturity score of 29; Many others with higher scores are still leaving the full value of AI untapped

Only 12% firms using AI at a level that gives competitive edge: Accenture
Updated On : 14 Jun 2022 | 10:57 PM IST

State govt borrowing turns expensive after RBI's repo rate hike

Much less raised than the indicated Rs 16,800 crore

State govt borrowing turns expensive after RBI's repo rate hike
Updated On : 14 Jun 2022 | 10:55 PM IST

Lots of interest in Metropolis, but we want a strategic fit: MD Ameera Shah

In a Q&A, the promoter and MD of the company talks about how the dynamics are changing in the diagnostics sector post Covid, and outlines her strategy for Metropolis 3.0

Lots of interest in Metropolis, but we want a strategic fit: MD Ameera Shah
Updated On : 14 Jun 2022 | 10:51 PM IST

Wall Street slips heading into Fed's big rate decision; FedEx, Oracle rise

FedEx jumps after lifting quarterly dividend by more than 50%; Oracle rises as sales, profit top estimates on cloud boom; Continental Resources jumps on buyout proposal from founder

Wall Street slips heading into Fed's big rate decision; FedEx, Oracle rise
Updated On : 14 Jun 2022 | 10:50 PM IST

SBI and IDBI Bank join trend, raise their interest rates on deposits

Interest rates on retail term deposits (below Rs 2 crore) of 211 days to less than one-year tenor have been increased by 20 bps to 4.6 per cent. It was 4.4 per cent earlier

SBI and IDBI Bank join trend, raise their interest rates on deposits
Updated On : 14 Jun 2022 | 10:47 PM IST

IND vs SA 3rd T20I Highlights: India register huge 48 run win, stays alive

IND vs SA 3rd T20I Highlights: Thanks to their all-round showing with both bat and ball, India outclassed the South Africans by 48 runs to stay alive in the five-match series. SA lead the series 2-1

IND vs SA 3rd T20I Highlights: India register huge 48 run win, stays alive
Updated On : 14 Jun 2022 | 10:44 PM IST

Taxing times for solar power as govt frowns at imports, pushes local

A new tax on solar equipment imports plus mandatory purchase of local modules will raise costs significantly and dim the outlook for meeting green energy targets

Taxing times for solar power as govt frowns at imports, pushes local
Updated On : 14 Jun 2022 | 10:43 PM IST

Fitch sees another 100 bps policy rate hike by Dec, cites rising inflation

Growth will improve in June quarter as consumption revives and Covid-19 cases continue falling, it says

Fitch sees another 100 bps policy rate hike by Dec, cites rising inflation
Updated On : 14 Jun 2022 | 10:38 PM IST

WPI inflation in May accelerates to 15.88% on higher food prices

The latest figure also makes it historically the highest in 31 years since September 1991 (16.31 per cent)

WPI inflation in May accelerates to 15.88% on higher food prices
Updated On : 14 Jun 2022 | 10:34 PM IST

Srei's Hemant Kanoria to challenge report alleging fraud at group firm

Transaction auditor's methodology 'opaque' and legal fight over it could derail resolution process, say sources close to Kanoria.

Srei's Hemant Kanoria to challenge report alleging fraud at group firm
Updated On : 14 Jun 2022 | 10:29 PM IST

WHO set to decide next week if monkeypox represents health emergency

There have been 1,600 confirmed and 1,500 suspected cases of monkeypox this year and 72 deaths, WHO said, in 39 countries

WHO set to decide next week if monkeypox represents health emergency
Updated On : 14 Jun 2022 | 9:58 PM IST

'Agnipath' scheme: Govt unveils radical changes in recruitment of soldiers

In their first year, 'Agniveers' will be paid a customised package of Rs 30,000 per month, rising incrementally each year to Rs 40,000 in the fourth year

'Agnipath' scheme: Govt unveils radical changes in recruitment of soldiers
Updated On : 14 Jun 2022 | 8:53 PM IST