Livspace, home interiors, and refurbishment startup have raised $180 million in a Series F round led by KKR, a global investment firm, making it the sixth unicorn of 2022. Existing investors such as Ingka Group Investments (IKEA’s holding company), Jungle Ventures, Venturi Partners, and Peugeot Investments all participated in the Series F round. The company’s […]

According to the latest audited statement, the PM CARES Fund, which was set up to deal with emergencies like the Covid epidemic, saw its corpus virtually triple to Rs 10,990 crore in the 2020-21 fiscal year, while the disbursal increased to Rs 3,976 crore. The funds were disbursed in two parts: Rs 1,000 crore for

InterGlobe Aviation’s stock jumped nearly 9% today after the budget airline reported a profit in the December quarter. InterGlobe Aviation’s stock rose 8.70% to Rs 2,146.15 on the BSE, from the previous closing of Rs 1,974.30. A total of 0.72 lakh shares of the company were traded, resulting in a turnover of Rs 15.08 crore.

Future Retail’s lenders have petitioned India’s Supreme Court that the company’s assets should be auctioned after it missed payments. Future Retail is being pursued by Reliance Industries and Amazon.com Inc. They also stated that they have begun classifying loans to the country’s second-largest retailer as non-performing and that as a result of the non-payment, they

On Wednesday, Indian markets extended their post-budget bounce, with banking sectors leading gains as the government increased expenditure to put the economy on a more solid footing, albeit dismal reports from a few blue-chip companies restrained gains. The NSE Nifty 50 index rose 0.73 percent to 17,705.85, while the S&P BSE Sensex rose 0.76 percent

This year’s Union Budget will be paperless as well, to go green. By going paperless, the government will be able to reduce the amount of paper used to present tax proposals and financial statements. Except for a few hard copies, the Budget 2022 papers will be primarily available digitally. Members of Parliament (MPs) and the

While presenting the Union Budget, Finance Minister Nirmala Sitharaman announced the creation of a nationwide tele-mental health initiative for mental health counselling. The programme will be supported technologically by IIT Bangalore. She also stated that the National Digital Health Ecosystem will have an open platform. She explained, “It will include digital registries of health professionals

Google, a subsidiary of Alphabet Inc., will invest up to $1 billion in Bharti Airtel in a move that might help the Indian telecom operator’s digital capabilities, according to a BSE filing on Friday. According to the firms, the investment involves a USD 700 million equity investment in Airtel for 734 rupees (USD 9.77) per