The direct-to-consumer (D2C) baby care business Mother Sparsh has received an additional investment of Rs 13.50 crore from Indian conglomerate ITC Ltd. Additionally, it is in active discussions with additional investors to raise between Rs 90 and Rs 100 crore in a Series B round of funding. On Wednesday, the D2C brand said that it […]
ITC invests in Mother Sparsh; the latter aims to raise Rs 100 crore Read More »
Despite the company announcing a 31.3% year-over-year (YoY) increase in consolidated net profit for the September quarter, shares of Asian Paints plummeted more than 3% today. Profit was less than D-projections, Street’s which caused the stock to trade with less enthusiasm. Compared to the September quarter of the prior fiscal year, the second quarter’s net
Asian Paints shares decline more than 3% after Q2 earnings fall short of estimates Read More »
Today, TVS Motor Company revealed the TVS Raider equipped with SmartXonnect. The motorcycle sports modern networking technology and a segment-first 5-inch TFT cluster, among other features. According to the manufacturer, the new TVS Raider SmartXonnect TFT model was the first motorcycle ever to be introduced in the metaverse when it was unveiled in the virtual
TVS Motor introduces the TVS Raider for Rs 99,990 Read More »
In the following 18 months, Bangalore-based finance startup Khatabook hopes to reach the profitability criterion. The MSME lender hopes to accomplish this by concentrating on its digital lending products and growing the number of customers who use its premium Software-as-a-Service (SaaS) services. A commercial desktop edition of Khatabook will be released in November in keeping
Bangalore-based startup Khatabook reveals its plan to generate profit Read More »
On Sunday, Prime Minister Narendra Modi fulfilled a commitment made by Finance Minister Nirmala Sitharaman during the 2022–23 Union Budget by dedicating 75 digital banking units to the country. The initiative fits with the Center’s bold objective of financial inclusion. In a virtual address which was attended by Sitharaman and Reserve Bank of India (RBI)
PM Modi launches 75 new digital banking locations Read More »
For employees of four public sector general insurance businesses, the Finance Ministry has announced an average 12% pay increase beginning in August 2017. “This Scheme may be called the General Insurance (Rationalisation of Pay Scales and other Conditions of Service of Officers) Amendment Scheme, 2022,” a gazette notification dated October 14, 2022, said. It added
When it comes to adopting a position on moonlighting, which is defined as side jobs people engage in alongside their core employment, the Indian IT industry is divided. While computer behemoths like Wipro and Tata Consultancy Services (TCS) view it as unethical and inconsistent with their basic beliefs, Tech Mahindra embraces the practice and intends
The test preparation platform Ace Creative Learning, often known as Deeksha, was purchased by the Indian edtech company Vedantu for $40 million (Rs 330 crore). Deeksha will bring around 13,000 of its students to Vedantu’s platform thanks to this funding. It will also make use of the pedagogical content, educational technology, and live lessons already
The third fund from early-stage venture capital firm Fireside Ventures was completed at Rs 1,830 crore ($225 million), twice the size of its second fund. It will continue to invest in companies that produce goods for markets outside of India. In 2017, Fireside Ventures was founded. Kawaljit Singh, Vinay Singh, Kannan Sitaram, and Dipanjan Basu
MS Dhoni, a former captain of India, has acquired shares in the plant-protein start-up “Shaka Harry,” which sells a variety of meals and snacks. Dhoni was introduced by the company as an investor and brand ambassador at an event in Bengaluru. A growing number of start-ups are teaming with celebrities in which they provide a
MS Dhoni is an investor and brand ambassador of plant protein start-up, Shaka Harry Read More »
