Softbank Exits Paytm at a Loss of Around $150 Million at the End of the June Quarter
Japan’s Softbank investment arm, Softbank Vision Fund, offloaded its remaining 1.4% stake in Paytm and exited the fintech major at...
Economy
DGCA Approves Tata Group’s Landmark Merger of Vistara with Air India
Tata group airline moves a step closer to merger, as aviation regulator DGCA gave its acceptance for merging Vistara into...
Challa Sreenivasulu Setty Recommended by FSIB as New SBI Chairman
The Financial Service Institutions Bureau (FSIB) recommended Challa Sreenivasulu Setty, the senior-most managing director of the State Bank of India,...
Microsoft Back to the Top as World’s Most Valuable Company, Nvidia Slips to Second Position Again
Microsoft regains the top position as world’s most valuable company after the stock price of Nvidia dropped by 3.4% on...
End of Saudi-U.S. Petrodollar Pact Signals Potential Decline of Dollar Dominance
The petrodollar agreement, or we can say collaboration, between the United States and Saudi Arabia came to an end on...
Hyundai Files for IPO, Potentially India’s Biggest IPO Surpassing LIC
It is likely to be seen as India’s biggest IPO since LIC, which set a record by selling shares worth...
RBI Annual Report: Optimistic Economic Outlook Amid Climate Risks and Geopolitical Tensions
The Reserve Bank of India's (RBI) annual report for 2023-24 highlights cautious optimism about India's economic growth despite potential challenges...
ShareChat’s Strategic Funding and Journey Towards Profitability
Indian social networking firm ShareChat has raised $48.8 million through convertible debentures from its current backers, Temasek and Lightspeed, in...
IMF’s Optimistic Outlook: India Anticipates Strong Economic Growth in FY24-25
India receives a positive economic prognosis as the International Monetary Fund (IMF) projects a robust growth rate of 6.5% for...
India Anticipates Robust Economic Growth of 7.3% in FY 2023-24: Government’s Advance Estimate
In a promising economic outlook, the Ministry of Statistics and Programme Implementation in India has released its inaugural advance estimate...
