BUSINESS
Women-led Kinara Capital raises Rs 200 crore to empower MSMEs in India
Existing equity investors Nuveen and the ASN Microkredietfonds advised by Triple Jump also participated in the funding round. With this funding, Kinara Capital aims to grow 5 times by 2025 and reach an asset under management (AUM) of Rs 6,000 crore.
Growth in Asia-Pacific region to slow down in 2022, 2023: IMF
This reflects headwinds from several aspects, including global financial tightening and the Russia-Ukraine war, Xinhua news agency quoted the report as saying. Asia's strong economic rebound early this year is losing momentum, with a weaker-than-expected second quarter, said the IMF.
PM Modi lauds Paytm, commends reach of digital payments in far-off places
Commending the increase in penetration of digital payments in the country, Modi said that women entrepreneurs of the village are accepting digital payments with Paytm and have QR codes outside their shops. The Prime Minister was addressing a rally after laying the foundation stone of various developmental projects at Mana village, which is considered the last village at the border between India and China, during his two-day state visit last week.
Intel set to lay offs employees as it cuts billions of dollars in spending
Intel CEO Pat Gelsinger, during the company's Q3 earnings call, said that we are responding to the current environment by taking aggressive actions to reduce costs while mindfully protecting the investments needed to accelerate our transformation, ensuring we are well-positioned for long-term market growth.
Infosys declares interim dividend of Rs 16.50 per equity share; Akshata Murthy to get Rs 64.27 cr
Akshata, daughter of Infosys co-founder Narayana Murthy, holds 3,89,57,096 shares of the company, which is 1,07 per cent of total paid up capital of the tech giant. As per the announced interim dividend of Rs 16.50 per equity share, she would get a dividend of Rs 64,27,92,084 crore. Akshata Murthy married Sunak in 2009. She holds an Indian citizenship and her non-domiciled status, which allows her to earn money abroad without paying taxes in England for a span of up to 15 years, has been debated.
ECB further raises interest rates to cool inflation
In the magnitude and pace of monetary tightening, the bank has manifested its determination to tame the persistently high inflation, which is weighing down the economic growth of the euro area, reports Xinhua news agency.
Why Should Your Business Take Product Quality Seriously?
We often see that companies start off their business operations by providing high-quality products and services but over time as they start to get customers, they start to compromise on product quality due to which they have to face consequences in the form of loss of revenue and loss of customers.
iPhone revenue grows 10% to reach $42.6 bn globally, India a sweet spot
Apple CEO Tim Cook said that the customer demand was strong and better than we anticipated that it would be. "Customers are loving our iPhone 14 lineup. Loaded with camera upgrades for sharper photos, Action Mode for smoother videos and new safety features like Crash Detection and Emergency SOS via Satellite, iPhone is even more indispensable to our daily lives," Cook told analysts during the company's quarterly earnings call late on Thursday.
NHAI InvIT Non-Convertible Debentures listed on BSE
Union Minister of Road Transport and Highway Nitin Gadkari on Friday said, "Today is a historic day and I feel very happy that we could finally give the Retail Investors (retired citizens, salaried individuals, small and medium business owners) an opportunity to participate in the Nation-Building activity. The minimum investment slab is just Rs 10,000." Gadkari informed that 25 per cent of NCDs has been reserved for Retail Investors.
Top Twitter execs to take home $88 mn, Parag Agrawal richer by $38.7 mn
According to Insider, the former Indian-origin CEO is set to receive the largest payout of $38.7 million, largely due "to the entirety of his shares vesting upon his firing". Twitter's chief financial officer Ned Segal, is set to receive $25.4 million and Vijaya Gadde, the chief legal officer, will be richer by $12.5 million after firing. Sarah Personette, the chief customer officer, would get $11.2 million. Musk is expected to reorganise Twitter and cut the workforce by a massive margin.
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