The domestic startup ecosystem raised more than $145 million, as investor confidence is reviving in the country when it comes to VC funding. Publicly-listed gaming firm Nazara raised $101.3 million via a preferential share issue, led by investors like SBI Mutual Fund, Caratlane founder Mithun Sacheti, and Aamara Capital. ShopDeck, a direct-to-consumer (D2C) e-commerce enabler, … Read more
Union Finance Minister Nirmala Sitharaman, during the Credit Outreach Programme held in Madhubani on Saturday, emphasised the importance of development and cultural preservation and handed over copies of the Constitution's new editions in Maithili and Sanskrit. Referring to Prime Minister Narendra Modi's vision of 'Vikas bhi, Virasat bhi (Development with Heritage)', she remarked, "Keeping that … Read more
I-Hub Foundation for Cobotics (IHFC), Technology Innovation Hub of IIT Delhi, and Google for Startups have partnered to organise a three-day intensive bootcamp to support 33 early-stage startups on their Artificial Intelligence (AI) journey, the institute said on Saturday. The programme aimed to help early-stage startups harness AI to address global challenges across sectors like … Read more
India's economic growth slowed much more than expected in the third quarter, hampered by weaker expansions in manufacturing and consumption, likely adding pressure on the central bank for interest rate cuts. Gross domestic output in the world's fifth-biggest economy rose by 5.4% in July-September year-on-year, data showed on Friday, the slowest pace in seven quarters … Read more
India's core sector, comprising industries such as coal, electricity, steel and cement, posted a 3.1 per cent in October, the data released by the Commerce Ministry on Friday showed. There has been an acceleration in October compared to the growth of 2 per cent recorded in September this year. The cumulative growth rate of the … Read more
Centre's fiscal deficit at the end of the first seven months (April-October) of the current financial year works out to 46.5 per cent of the full-year target, official data released on Friday showed. This reflects a strong macroeconomic financial position with the government sticking to the fiscal consolidation path. The government aims to bring down … Read more
The FIIs as per Friday’s data were net sellers in equity segment, while net buyers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 15570.63 crore against gross selling of Rs 24103.53 crore. Thus, FIIs stood as net sellers of Rs 8532.90 crore in equities. … Read more
There is rising confidence in the growth of India’s real estate sector over the next six months, according to a Knight Frank-NAREDCO survey released on Friday. In the residential market, optimism prevails as 62 per cent of respondents anticipate a rise in residential prices supported by consistent demand, mainly from the luxury segment with ticket … Read more
India's economy slowed much more than expected in July-September, expanding by only 5.4% year-on-year, data showed on Friday, weighed down by weak urban consumption following a rise in food prices. A Reuters poll had predicted a 6.5% expansion in gross domestic product for the quarter ending Sept. 30. COMMENTARY ADITI NAYAR, ECONOMIST AT ICRA, GURUGRAM … Read more
India's economy slowed much more than expected in July-September, expanding by only 5.4% year-on-year as growth in manufacturing and consumption decelerated, data showed on Friday. It was the slowest growth in gross domestic product in seven quarters and well below a 6.5% expansion projected by a Reuters poll and the central bank's estimate of 7%. … Read more