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Zeta cofounder Bhavin Turakhia launches AI startup Neo with $30 million personal investmentNeo is Turakhia’s fifth company after Directi, Radix, Titan and Zeta. The platform is being built to bring tasks, documents, knowledge and ...- NRIs looking to park your dollars? Ujjivan SFB offers 7.5%, DBS up to 5.6% on FCNR depositsBanks are raising returns on FCNR(B) deposits after the RBI eased norms to attract foreign currency inflows. Ujjivan Small Finance Bank now...
- RBI's concessional swap facility to boost financial institutions' overseas borrowing: S&PThe Reserve Bank of India's new concessional forex swap facility is set to significantly lower borrowing costs for government-owned financi...
- In key structural shift, debt becomes the big new vehicle as Indian IT goes deal-shoppingIndian IT firms are increasingly embracing debt financing for major acquisitions, a departure from their traditional debt-free approach. Th...
- India Inc registrations jump 16% in June as investor sentiment reboundsThe number of companies incorporated increased to 19,375 in June from 16,654 a year earlier, according to the latest corporate affairs mini...
- Bitcoin slips below $59,000 as strong dollar and Fed uncertainty weigh on sentimentBitcoin dipped below $59,000 amid a strong dollar and Federal Reserve uncertainty, with major altcoins showing mixed movements. Analysts po...
- RBI opens bank lending for acquisitions under new frameworkIndia's banking sector is set for a major overhaul with the RBI's new acquisition finance framework, effective today. This move integrates ...
- Banks NPA at multi-decadal low of 1.8%, Indian financial system remains resilient: RBI reportIndia's financial system remains robust, with bank NPAs hitting a multi-decade low of 1.8%. Despite global uncertainties and rising oil pri...
- PM Modi appeal impact: Gold import growth down substantially in MayGold imports saw a significant slowdown in May, a welcome development following Prime Minister Modi's calls to curb consumption. This decel...
- US-Iran thaw to provide tailwinds for growth: RBIIndia's economic growth could get a boost from the Iran-US peace deal, according to the Reserve Bank's latest report. While the economy sho...
- Govt pledges extra Rs 30,000 crore for NIIF, move to spur infra investments, says finance ministryThe Indian government has boosted its commitment to the National Investment and Infrastructure Fund (NIIF) by an additional Rs 30,000 crore...
- Capri Global eyes up to $500 million offshore bond issueCapri Global Capital is venturing into international markets for the first time, planning to raise $300-500 million through overseas bonds....
- NRI money could ease banks' funding crunch before powering India's capex: Axis Bank CEOIndian banks are set to leverage new foreign-currency deposits from the diaspora to replace costly funding, according to Axis Bank CEO Amit...
- Tax, policy changes making equities more attractive for investors, likely to sustain inflows: JP MorganGovernment policies and tax reforms are making Indian equities a more attractive investment compared to other options, according to a JP Mo...
- Banks' credit steady at 17.7%, deposits ease to 12%: RBIBank credit growth stayed steady at 17.7% for the fortnight ended June 15, unchanged from the previous period, while deposit growth eased s...
- Power Grid of India board okays raising borrowing limit to Rs 2.2 lakh crThe board of Power Grid Corporation has approved a substantial raise in its borrowing limit to Rs 2.2 lakh crore, up from Rs 1.8 lakh crore...
- Power Grid of India board okays raising borrowing limit to Rs 2.2 lakh crorePower Grid Corporation's board has greenlit a significant increase in its borrowing limit to Rs 2.2 lakh crore, pending shareholder approva...
- Foreign Ministry's first public Toshakhana auction features Rolex watches, gold biscuits and silver daggersFor the first time, the Ministry of External Affairs is auctioning around 300 diplomatic gifts, including luxury watches and gold biscuits,...
- Bank of India eyes $3.5 billion foreign currency inflows on RBI's dollar pushBank of India aims to raise approximately $3.5 billion through foreign currency deposits and overseas borrowings, leveraging recent RBI mea...
- Info Edge says it invested Rs 1,003 crore on AI, deeptech startups since 2020Info Edge, the parent of Naukri, has significantly boosted its AI and deeptech investments, pouring Rs 1,003 crore into 54 startups since 2...
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