BUSINESS
Adani Group to Infuse Rs 9,350 Crore into Adani Green Energy
The company emphasized that these funds are earmarked for streamlining the balance sheet by reducing debt and channeling resources towards capital expenditure, as detailed in their official press statement.
India's Current Account Deficit Contracts to $8.3 Billion in July-September Quarter
During the second quarter of 2023-24, the current account deficit (CAD) amounted to $8.3 billion or 1% of GDP, down from $9.2 billion or 1.1% of GDP in the previous quarter.
2024 forecast to be a sector rotation period for Indian equities
However, some exhaustion is noticed in mid and smallcaps after the stretched rally of last two months.
India Inc Expected to Seek 3.9 Million Jobs in the First Half of 2024: Report
BetterPlace, a SaaS and frontline workforce management platform, conducted a comprehensive year-end insights report analyzing over a million data points.
Code.org sues Byju’s subsidiary Whitehat Jr in US over payment dues: Report
In the lawsuit filed in a California district court, Code.org alleged that WhiteHat Jr, which Byju’s acquired for $300 million in 2020, continued to use its coding education platform but did not pay the remaining fee as part of a licensing contract, reports TechCrunch.
IndiGo Set to Initiate Mumbai-Ayodhya Flight Operations Starting January 15th
This move follows IndiGo's recent announcement of initiating flights from the upcoming Maryada Purushottam Shri Ram International Airport in Ayodhya, commencing with services from Delhi on December 30.
Large Indian firms 2.3X more likely than startups to have responsible AI practices
Around two-third of businesses in sectors such as BFSI, technology, media, and telecom (TMT) and healthcare reported having either matured RAI practices or having initiated formal steps towards RAI adoption.
Centre Reports PLI Schemes Garnering Rs 95,000 Crore in Investments
One of the most significant outcomes of the PLI schemes has been the generation of employment opportunities, directly and indirectly benefiting over 6.4 lakh individuals.
BharatPe Records Impressive Growth: 182% Revenue Surge in FY23, EBITDA Loss Reduced by Rs 158 Crore
The company's progress is evident in the significant improvement in the loss before tax, which decreased from Rs 5,594 crore to Rs 886 crore. The merchant lending division played a pivotal role in this growth, witnessing a remarkable 129% increase in loans facilitated, reaching Rs 5,339 crore.
SCOPE Ventures into Investment: Unveils $45 Million VC Fund for Fintech and Gaming Startups
Operating as an independent entity, SCOPE's VC arm aims to identify, nurture, and accelerate groundbreaking startups demonstrating exceptional promise and disruptive potential within the fintech and gaming realms.
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