BharatPe in talks to raise $250M led by Tiger Capital: Report

New Delhi (IANS) Fintech major BharatPe, that hit a new high with 106 million monthly transactions in UPI in March this year, is reportedly raising nearly $250 million in its next funding round led by Tiger Global.

TechCrunch on Friday reported,…

India's FY22 GDP expected to grow by 8.7%: MOFSL

New Delhi (IANS) India's FY22 GDP is expected to grow by 8.7 per cent said Motilal Oswal Financial Services (MOFSL) in a report.

"Due to the ferocious second Covid wave, we have revised down our real GDP growth forecasts. Compared with…

Sensex tumbles 650 points; metal, oil & gas lead selloff

Mumbai (IANS) The key Indian equity indices slumped on Friday with the BSE Sensex losing over 650 points.

The across-the-board selloff was led by metal, oil and gas and financial stocks.

Around 11.05 a.m., Sensex was trading at 51,668.59,…

ShareChat announces its 1st ESOP buyback worth Rs 140 cr

New Delhi (IANS) Social media platform ShareChat on Friday announced its first ESOP buyback programme worth $19.1 million (nearly Rs 140 crore) and all eligible employees can sell up to 100 per cent of their vested ESOPs at its present stock valuation.

PMC Bank resolution: RBI clears way for Centrum to set up SFB

Mumbai (IANS) Clearing the decks for the takeover of crisis-ridden Punjab and Maharashtra Cooperative (PMC) Bank by Centrum Financial Services, the Reserve Bank of India has granted its "in principle" approval to it for setting up a small finance…

Google pledges Rs 113 cr to boost healthcare infra in India

New Delhi (IANS) Google on Thursday announced new grants of nearly Rs 113 crore to help strengthen India's healthcare infrastructure and workforce in rural areas, as India prepares for the third Covid wave.

Google.org will support procurement…

Del Monte launches packaged 'King Coconut Water' in India

New Delhi (IANS) Packaged foods brand Del Monte has announced the launch of its packaged 'King Coconut Water' in India.

Native to Sri Lanka, King Coconut is known for its superior taste and health benefits

Del Monte is the first…

India to have 330M 5G smartphone subscriptions in 5 years

New Delhi (IANS) There will be nearly 330 million 5G smartphone subscriptions in India in the next five years, representing around 26 per cent of mobile subscriptions in the country, a report showed on Wednesday.

Globally, 5G mobile subscriptions…

Sensex, Nifty climb new record highs

Mumbai (IANS) The key Indian equity indices continued their record run on Tuesday.

The BSE Sensex touched a fresh high of 52,836.31 and the Nifty50 on the National Stock Exchange hit an all-time high of 15,889.60 points.

Healthy buying…

Authum with highest bid value of Rs 2,887 cr wins to acquire Reliance Home Finance

New Delhi (IANS) The voting for Reliance Home Finance in favour of Authum Investment and Infra has already crossed the threshold of 75 per cent in value terms and 60 per cent in terms of numbers. The final voting will end on June 19.

Authum…