Country Financial News

Warburg Pincus is in advanced negotiations with Canadian investor Brookfield Asset Management Inc. to acquire Everise Holdings, a Delaware-registered outsourcing company, said three people aware of the development. The deal is expected to value Everise at $1.2-1.3 billion, they said.

Chandrayaan-3 on its official Twitter handle. Take a look at the video below, “We're thrilled to see #Chandrayan3 (@isro) observed by @astro_agn at ROTUZ (Panoptes-4) telescope (J. Gil Institute of Astronomy University of Zielona Góra), operated by@sybilla_tech.

Elon Musk-led Twitter has run into a few rebranding snags as it morphs to an “anything app" called X. The iconic blue bird was abruptly retired this week as the billionaire businessman announced a change of logo and plans for a deeper overhaul into ‘X.com’. Indonesia however blocked access to the new web domain, citing anti-pornography laws.

Brazil’s police force has conducted raids on addresses linked with Braiscompany, a suspected crypto pyramid. The firm’s owners have allegedly escaped the country with around $160 million worth of customers’ funds.

Digital payments across the country registered a growth of 13.24% in a year through March 2023, as per RBI's index that measures the adoption of online transactions. RBI's Digital Payments Index (RBI-DPI) stood at 395.57 at end-March 2023 compared to 377.46 in September 2022 and 349.30 in March 2022.

India is looking to set up its own international financing messaging system along the lines of SWIFT (Society for Worldwide Interbank Financial Telecommunications), the channel used worldwide to transfer funds and securities across borders. The proposal is a part of the government's bigger plan to internationalise the Indian currency, people aware of details told ET. The system will help settle bilateral trade in rupees.

chipmaker Intel Corp., potentially enabling the country’s consumer electronics and technology manufacturing industry to replicate the success of its credentialed software sector — and create a ‘huge’ number of factory jobs in the process. The California, US-based company is looking at India as a top manufacturing base for supplying to three buckets of hardware products–laptops, data centres and servers — and electronics connected to internet of things (IoT) such as vending machines and cameras, said Santhosh Viswanathan, MD and vice president, sales, marketing and communication group, at the company’s India arm. “Electronics manufacturing creates thousands of jobs.

fintech startups looking to enter insurance after tasting success in payments or wealth management should focus on credit, given the higher margins available there, PBFintech chairman Yashish Dahiya told ETtech. In a free-flowing conversation from Dubai, Dahiya, who helms the Gurugram-based company that runs insurance marketplace Policybazaar and credit marketplace Paisabazaar, pointed out that those wishing to invest in the insurance space should put their money onpeople who have shown some returns already.

Dunzo has seen its scale of operations fall to almost one-fifth of the peak it hit last year as it continues to grapple with cash flow issues and scouts for a lifeline, multiple people aware of the matter said. The Reliance Retail-backed firm is clocking somewhere between 1 million to 1.5 million monthly transactions for its consumer-focused grocery delivery service Dunzo Daily, they told ET.

Tokyo, Japanese pop star Shinjiro Atae bravely disclosed his identity as a gay man. This revelation, warmly embraced by his fans, holds significance in a country where LGBTQ equality lacks legal recognition. At the event in Tokyo, Shinjiro Atae told fans on Wednesday, “What I’m going to tell you now may not be something you expect or hope to hear. Perhaps some of you may need time to understand. For years, I struggled to accept a part of myself… But now after all I have been through, I finally have the courage to open up to you about something.” «I am a gay man,» Atae revealed, and as he choked up, the audience responded with overwhelming support, encouraging him to “hang in there!”. The applause and cheers from his fans reaffirmed the acceptance and love they held for their idol.

trade deal signed under the UPA era is one of the most ill-conceived deals, commerce minister Piyush Goyal said on Thursday at an industry event. In FY23 alone, the trade gap ballooned by 70% to reach $43 billion. India mostly imports capital goods, raw materials and intermediates from Asean, the tariff concessions under the free trade agreements (FTAs) have also been advantageous to many sectors and adversely impacted domestic companies, especially chemicals and metals manufacturers.

₹139 crore) in a mix of equity and debt as a part of its Series A funding round led by global venture capital firm RTP Global. YourNest, Omidyar Network India, Global Brain, Blume Founders Fund, Alteria Capital, Stride Ventures, Stride One and 9 Unicorns also participated in the round. Wiom plans to use the fresh capital to expand its footprint across India while investing in talent and distributed delivery architecture, the company said in a statement.

Together Fund, an early-stage venture capital firm focused on software-as-a-service (SaaS) companies, has made the first close of its second fund that has a corpus of $150 million. The proceeds of the fund will be used to make early stage investment in SaaS and artificial intelligence (AI) startups, the VC firm said on Thursday, adding the fund has already received commitments from institutional investors from the US and Asia. The firm didn’t say how much it raised in the fund’s first close.

Federal officials are considering a crackdown on defective lithium-ion batteries that power hoverboards, scooters and motorized bicycles because of a rash of deadly fires caused by exploding batteries

More than 1,000 U.S. service personnel are in Niger to combat the growing threat from various groups of Islamic extremists

Amazon is cutting jobs in its Fresh Grocery stores as part of a restructuring plan in the U.S. The company confirmed Thursday that its eliminating “zone lead” roles in its 44 Fresh Grocery stores

The European Central Bank has raised interest rates for the ninth straight time in its yearlong campaign to stamp out painfully high inflation

Jujutsu Kaisen Season 2 Episode 5 will be the sole episode in the Premature Death sub-arc, which will encompass the widely referred to Gojo's Past arc. Below, you can find a comprehensive list of release times and streaming information for Jujutsu Kaisen Season 2 Episode 5.

Sierra Leone says it is working with neighboring countries to step up the fight against piracy in the Gulf of Guinea after a Chinese fishing vessel was hijacked in its waters earlier this week

Qatar Airways says it earned a profit of $1.2 billion over the last fiscal year, boosted in part by the small Arabian Peninsula country's hosting of the 2022 FIFA World Cup

Pakistan’s finance minister says Beijing has rolled over a $2.4 billion loan for his country for two years, a move aimed at helping Pakistan overcome a lingering economic crisis