Mumbai, June 25: ICICI Bank has attained a significant milestone by surpassing the $100 billion market capitalization threshold, becoming the sixth Indian company to do so. The market value of the bank’s stock increased by over 2 percent in intraday trading, resulting in a market value of approximately ₹8.4 lakh crore. This accomplishment has enabled…
In its pre-seed investment round, Qiro Finance, a rising force in the decentralized finance (DeFi) market, successfully raised $1.2 million. Leading Web3 accelerator Alliance led the round, which included participation from a number of well-known investors, including Escape Velocity, CMT Digital, Trident Digital, and Druid Ventures. This cash infusion is expected to support the startup’s…
In a significant development, the Reserve Bank of India (RBI) has successfully transferred approximately 100 tonnes (1 lakh kilograms) of gold from the United Kingdom to its vaults in India, marking the first such large-scale transfer since 1991. This strategic move is aimed at reducing storage costs and diversifying the location of its gold reserves,…
Godrej & Boyce Manufacturing Company Ltd. sold two office spaces in Mumbai’s Vikhroli region to Godrej Industries Ltd. for ₹157 crore, marking a significant real estate deal. The purchase, as confirmed by Propstack, comprises office space in the famed Godrej One tower, a mixed-use construction comprising commercial and luxury residential components. The office spaces on…
Gautam Adani-led Adani Group is set to venture into the e-commerce and payments sectors, aiming to compete with industry giants Google and Reliance Industries, led by Mukesh Ambani. The conglomerate is planning to establish a digital business, leveraging India’s rapidly growing digital market. Adani Group is considering applying for a license to operate on India’s…
May 24, 2024: In a shocking disclosure, Rajan Bajaj, the founder of fintech unicorn Slice, earned only Rs 12000 per year in fiscal year 2022–23 (FY23). This substantial disparity in pay was revealed in research produced by PrivateCircle Research, which shed light on the income disparities among unicorn founders in India. In comparison, FirstCry CEO Supam…
The Reserve Bank of India (RBI) approved a substantial dividend payout of Rs 2.11 lakh crore to the central government for the financial year 2023-24, more than double the Rs 87,416 crore transferred in 2022-23. This decision was taken at the 608th meeting of the Central Board of Directors of the RBI, chaired by Governor…
Actor and entrepreneur Suneil Shetty recently took to LinkedIn to celebrate the success of two groundbreaking startups he supports: Aquatein and Regrip. In his post, Shetty praised the young entrepreneurs behind these ventures—Tushar, Ananth, and Mitisha—for their impressive work in addressing key issues of affordability and environmental sustainability. Aquatein: A Solution to Protein Deficiency Aquatein,…
In a recent development, Air India Express has taken a drastic step by terminating 25 senior cabin crew members following a mass sick leave protest by over a hundred senior cabin crew members. The airline issued termination letters to the protesting employees, accusing them of breaching employment terms and causing disruptions to the airline’s services….
The e-commerce market is rapidly expanding in modern India, with new companies entering the scene daily to offer convenience and variety to consumers. But what truly powers this booming e-commerce world? E-commerce thrives on the spirit of entrepreneurship. This vibrant sector owes its success to the innovative ideas, risk-taking abilities, and passionate drive of entrepreneurs…
