BENGALURU: B2B ecommerce platform Udaan has raised $114 million in fresh equity capital as part of its Series G funding round, led by M&G Investments and Lightspeed. The round also saw participation from existing and new investors. The Bengaluru-based company said the funds will be used to deepen its category presence, particularly in FMCG and…
Image used for representative purposes Tata Group-owned Air India has been working on a top-to-bottom transformation for the last three years and has also placed orders for 570 planes, the airline’s CEO and MD Campbell Wilson said on Monday.“It is a transformative time for India and a transformative time for Air India…,” Wilson said, highlighting…
The Adani group firmly rejected these allegations as “baseless and mischievous”. The Adani Group issued a statement on Monday clarifying that none of its ports process cargo originating from Iran or vessels under Iranian ownership, rejecting allegations of intentional sanctions violations.The Adani Group submitted a filing to the stock exchange, dismissing claims about connections between…
Stock markets in the United States opened with a slight decline, surrendering a portion of their gains from May, which marked their strongest performance since 2023. During early Monday trading, the S&P 500 declined by 0.3%. The Dow Jones Industrial Average dropped 174 points, representing a 0.4% decrease, whilst the Nasdaq composite fell by 0.2%.This…
BENGALURU: Once regarded as a niche segment within India’s broader healthtech landscape, femtech is now entering a phase of strategic consolidation. Although investor enthusiasm softened in recent quarters, acquisition activity indicates that major players aim to bridge clinical and digital capability gaps through focused buyouts. Femtech encompasses startups that focus on women’s health.Data from Tracxn…
KKR, a leading global investment firm, and Manipal Education and Medical group announced a $600-million credit financing arranged by KKR Capital Markets to the group. The investment will accelerate the group’s expansion and growth by providing flexible, structured capital matched to its long-term strategic needs. Gaurav Trehan, co-head of KKR Asia Pacific and head of…
India foresees a “minor impact” from the United States President Donald Trump’s proposed elevation of tariffs on steel and aluminium products, according to the federal steel minister’s statement on Monday, citing limited export volumes to Washington.Following Trump’s announcement last week regarding his intention to raise tariffs on imported steel and aluminium from 25% to 50%,…
Trendlyne data indicates CDSL shares have appreciated by 60.86% over the past year. (AI image) CDSL share price: CDSL stock has shown a remarkable recovery, rising 60.4% from its March low of Rs 1,047.5, to reach a high of Rs 1,680 on Monday. The stock demonstrated robust positive movement, with a notable 9.8% increase by…
NEW DELHI: The 2000-rupee notes worth Rs 6,181 crore still remain in circulation after two years of withdrawal, official Reserve Bank of India data released on Monday said.“Thus, 98.26% of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned,” the central bank said.The Reserve Bank of India RBI announced…
Trump has time and again said that it would be ‘very unfair’ if Tesla were to set up a manufacturing base in India. (AI image) Elon Musk-led Tesla is not interested in manufacturing electric cars in India, Heavy Industries Minister Kumara Swamy said on Monday. The minister added that Tesla is only keen to set…
