Economy
Indian Startups Take 5 Yrs To Scale From Zero To $100 Mn Revenue: Report
Banking - Published date: .
What took 18 years in 2000 to reach $100 million revenue has come down to five years, according to data by Redseer Strat... Read more
Global Macro Headwinds May Moderate Growth For Indian IT Industry: Icra
Banking - Published date: .
The evolving global macroeconomic headwinds could moderate growth for Indian IT services industry over the medium term, ... Read more
IFC Invests Rs 300 Cr In Agro-chemical Firm Crystal Crop Protection
Banking - Published date: .
Agro-chemical firm Crystal Crop Protection Ltd on Wednesday said it has raised Rs 300 crore from IFC to fund its expansi... Read more
Amazon Rolling Out Option To Pay Using Venmo Balance, Linked Bank Account
Banking - Published date: .
Amazon is rolling out the option to use Venmo balance, a linked bank account, or an associated debit card for payments f... Read more
23% Of SMBs Remain Closed In India As Pandemic Wanes, Says Meta Inc
Banking - Published date: .
A Meta (formerly Facebook) survey of small- and medium-sized business (SMB) leaders in India has revealed that 23% of SM... Read more
NTPC Gets Shareholders' Nod To Raise Up To Rs 12,000 Cr Via Bonds
Banking - Published date: .
NTPC has got shareholders' approval to raise up to Rs 12,000 crore through issuance of non-convertible debentures on pri... Read more
After 'substantial' New Hiring Cuts, Snapchat Planning To Sack Workers
Banking - Published date: .
Joining the league of Big Tech companies who have laid off employees, photo-sharing platform Snapchat is set to sack wor... Read more
StrideOne Raises Rs 250 Cr To Help Startups Meet Financing Needs
Banking - Published date: .
Financial services platform for startups StrideOne on Tuesday said it has raised Rs 250 crore via a mix of equity (led b... Read more
UK Economy Unexpectedly Shrinks In March As Recession Risks Loom
Hedge Fund - Published date: .
The BoE has raised interest rates four times since December, and is likely to increase them further this year to tame in... Read more
UK To Enter Recession This Year, Think-tank NIESR Forecasts
Hedge Fund - Published date: .
NIESR cut its UK growth forecast for 2022 to 3.5% from 4.8%, and downgraded its 2023 forecast to 0.8% from 1.3% Read more
ARK's Wood Sees Global Recession, Blames Market Selloff On Fed Hike Plan
Hedge Fund - Published date: .
The benchmark S&P 500 is down approximately 16% for the year to date, near the 20% decline that typically signifies ... Read more
Wall Street Eyes Lower Open After Fed-driven Rally
Hedge Fund - Published date: .
The tech-heavy Nasdaq has declined 17.1% year-to-date, compared with a 9.8% drop in the S&P 500 and a 6.3% fall in t... Read more
Sri Lankan Tea Pickers' Dreams Shattered By Economic Crisis
Hedge Fund - Published date: .
The COVID-19 pandemic severed the tourism lifeline of the Indian Ocean nation, already short of revenue in the wake of s... Read more
IMF Warns Asia Faces 'stagflationary' Economic Outlook
Hedge Fund - Published date: .
In its latest forecast issued this month, the IMF said it expects Asia's economy to expand 4.9% this year Read more
Temporary Aid Can Offset Inflation Hit To Families: IMF Official
Hedge Fund - Published date: .
Governments can alleviate impact of the price jumps with "targeted measures to try to support vulnerable populations" Read more
World Bank Planning New $170 Bn Crisis Fund: Malpass
Hedge Fund - Published date: .
G20 finance ministers will meet on Wednesday on the spring meetings' sidelines. Read more
Pinbox Gets Seed Capital From ADB Ventures To Expand Micro Pension Coverage
Banking - Published date: .
Pinbox works to address friction and accessibility challenges in delivering micro pension and insurance solutions to und... Read more
Sri Lanka Cancels School Exams Due To Shortage Of Printing Paper, Ink
Hedge Fund - Published date: .
The economic crisis faced by Sri Lanka is only worsening with each passing day, the country has now cancelled school exa... Read more
DHFL Case: CoC Members Nix Recovery Of Rs 40k Cr, Want Re 1 Ascribed Value
Banking - Published date: .
Some secured creditors of DHFL have filed a petition in SC against NCLAT order, which gives them more money than what th... Read more
Fearful Wall Street Awaits Fed's Next Moves On Inflation
Hedge Fund - Published date: .
The Fed is the world's most influential central bank, and its policies have implications for lending globally. Read more