Indian edtech funding dips 48%, no new unicorn to date this year

New Delhi (IANS) Total funding in the Indian edtech sector plunged 48 per cent this year, compared with the same period in 2022, and declined by 50 per cent against the same period in 2021, a report showed on Monday.

Only one over $100 million…

Will markets continue to rally

New Delhi (IANS) Markets continued their volatile movements and before trading commenced on Friday, the last day of the week, they were marginally negative on a weekly basis. Positive GDP numbers combined with the start of the new month futures of…

ED to court: Naresh Goyal diverted bank monies to clear personal loans

Mumbai, Sep 2 (IANS) The Enforcement Directorate (ED) has contended that Jet Airways founder Naresh Goyal -- who was arrested late on Friday -- had allegedly diverted around Rs 9.50 crore from a public sector bank loan to clear off his private loans.

CCI grants approval for merger of Vistara and Air India

New Delhi (IANS) The Competition Commission of India (CCI) granted approval on Friday for the merger between Tata Group's airlines - Vistara and Air India.

This significant development opens the door for Air India to potentially become…

Mirae Asset looking to acquire India’s 9th largest brokerage Sharekhan

New Delhi (IANS) South Korea’s leading asset manager Mirae Asset Financial Group aims to enhance its presence in India by acquiring Sharekhan, the Southeast Asian country’s ninth-largest brokerage firm, Korea Economic Daily reported.

Bidders…

GST collections for August at Rs 1,59,069 crore, 3.6% lower than July

New Delhi (IANS) The gross GST revenue collected in August stood at Rs 1,59,069 crore, which was 3.6 per cent less than Rs 1,65,105 crore collected in July.

The figure was, however, 11 per cent higher than the GST collections of August 2022,…

Optiemus, Corning to manufacture finished cover glass parts for mobiles in India

New Delhi (IANS) Homegrown Optiemus Infracom Limited and US-based Corning International Corporation on Friday announced a joint venture to set up India’s first manufacturing facility for producing high-quality finished cover glass parts for the mobile…

Nifty makes significant gains on positive PMI, GDP data

Mumbai (IANS) Domestic markets made significant gains buoyed by favourable global cues, a higher-than-expected domestic manufacturing PMI, and positive GDP growth data, said Vinod Nair, Head of Research at Geojit Financial Services.

This robust…

Curious share transfer case involving Axis Bank, Max Financial referred to RBI, SEBI: IRDAI

Chennai (IANS) Indian insurance regulator has referred the curious case of Axis Bank and two other group companies buying shares of Max Life Insurance Company Ltd at a very low rate from shareholders/promoters of the insurer and selling them back…

GST revenue likely to be 11% higher in August on year-on-year basis, says revenue secretary

New Delhi (IANS) Even as the goods and services tax collections figures for August 2023 are to be released on Friday, the Centre has said that GST revenues for the month have shown 11 per cent growth over August 2022.

Revenue secretary Sanjay…