Business

Sebi reduces minimum issue size for social stock exchange to Rs 50 lakh

The Securities and Exchange Board of India (SEBI) has granted approval for Not for Profit Organisations (NPOs) to enhance their fundraising capabilities through the social stock exchange. In a significant move, the regulator is introducing flexibility measures to facilitate this...

IEA Forecasts 75% Oil And Gas Cut By 2050 To Meet 1.5°C Target

  The International Energy Agency (IEA) recently released a report, highlighting the critical need for a substantial decline in global demand for oil and gas to limit global warming to 1.5 degrees Celsius by 2050. 1. The Current Landscape: Peak...

Warren Buffett’s Exit from Paytm: A Rs 507 Crore Loss

Warren Buffett-led Berkshire Hathaway has made headlines by completely divesting its 2.46% stake in One 97 Communications, the parent company of Paytm. The move resulted in a significant loss of about Rs 507 crore for the legendary investor. Transaction Details:...

ADB’s $170 Million Boost Transforms Kochi’s Water Landscape

The Asian Development Bank (ADB) has approved a substantial $170 million loan to catalyze the modernization of water supply services in Kochi, a rapidly growing city in the southern Indian state of Kerala. This transformative initiative aims to enhance urban...

Svatantra Microfin’s Strategic Acquisition of Chaitanya India Fin Credit

Svatantra Microfin Private Limited, founded by Ananya Birla, is set to acquire Chaitanya India Fin Credit Private Limited, a subsidiary of Sachin Bansal's Navi Group, in a significant deal valued at Rs 1,479 crore. The transaction is anticipated to be...

Mastercard and U GRO Capital Collaborate for MSME Financing

Mastercard, a prominent global technology company in the payments industry, has forged a strategic partnership with U GRO Capital, a Non-Banking Financial Company (NBFC) specializing in Micro, Small, and Medium Enterprises (MSME) financing. This collaboration aims to provide financial solutions...

Blue Dart Partners with India Post to Provide Parcel Locker Service at Post Offices

In a groundbreaking move, Blue Dart Express has announced a strategic partnership with India Post to introduce automated Digital Parcel Lockers at selected post offices. This innovative collaboration aims to redefine the landscape of efficient and reliable logistics solutions, providing...

Nippon Life India AIF Set to Mobilize ₹1,000 Crore for Private Credit Expansion

In the dynamic financial landscape of Mumbai, Nippon Life India Asset Management has strategically entered the realm of private credit, aligning with the shifting trends following regulatory tightening by banks and mutual funds withdrawing from promoter funding. This move echoes...

PwC India to Cross 9k-cr Revenue Mark on Robust Growth

PwC India is anticipating a historic milestone, projecting gross revenue to surpass ₹9,000 crores in the current fiscal year. Sanjeev Krishan, the chairperson, expresses confidence in achieving this remarkable feat, attributing it to robust growth across all business segments. Impressive...

Bengaluru Tops in Women-Led Startups, Followed by Mumbai and Delhi

Introduction India’s startup landscape has witnessed remarkable growth, emerging as the third-largest hub in the world, following the United States and China. Bengaluru, the capital of Karnataka, topped the list of women-led startups, boasting 1,783 women-led startups, leading the charge...