BUSINESS
Garuda Aerospace raises Rs 25 cr for working capital to execute order book
According to Garuda Aerospace, the company has raised Rs 25 crore from Venture Catalysts and WeFounderCircle.
GST notices worth Rs 1 lakh crore issued to online gaming firms
Last week, Delta Corp received a GST notice for short payment of tax to the tune of Rs 6,384 crore which came close on the heels of a Rs 16,800 crore tax notice sent to the company in September.
Diversion of flows expected from small and mid-cap stocks to large-caps
“But any correction in quality large-caps should be bought into at these levels, the report said.
Venture debt fund ValuAble announces first fund with Rs 850 cr corpus
“With ValuAble, we don’t want to be just lenders; we want to be partners in the entrepreneurial journey of different startups. Our core philosophy is to be enablers for businesses, providing them with the necessary resources, mentorship, and tools to not only secure capital but also to foster sustainable growth,” said Gupta, Founder and Managing Partner at ValuAble.
Weakness in small and mid-caps likely to persist
Positive news like decline in the US bond yields and weakening crude can help the market to revive but it may not sustain given the uncertainty surrounding the West Asian conflict. Investors may opt for a cautious approach to the market till some clarity emerges on the geopolitical situation, he said.
More layoffs, losses as US union expands strike against 'Big Three' automakers
The union on Tuesday organised its 5,000 member workers at GM's full-size SUV plant in Arlington, Texas, to strike, reports Xinhua news agency. The plant builds the Detroit automaker's most expensive vehicles such as the Chevrolet Tahoe and Suburban, the GMC Yukon and Yukon XL, and the Cadillac Escalade and Escalade-V.
Bitcoin rocketing higher, topping $35,000 for the first time since May 2022
The famously volatile cryptocurrency has more than doubled in value this year as investors grow excited about the prospect of being able to buy bitcoin funds that trade on good old-fashioned stock exchanges rather than having to deal with less-regulated and sometimes sketchy crypto platforms
Banks adopt divergent strategies to boost deposits than just rate: Jefferies
Analysing the balance sheets of various banks for FY23, Jefferies said that banks are following divergent strategies to lift their deposit growth and not just depending on interest rate hikes.
India poised to surpass Japan to become world’s 3rd largest economy by 2030: S&P
“India's nominal GDP measured in USD terms is forecast to rise from $3.5 trillion in 2022 to $7.3 trillion by 2030.
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