Track Financial News

Debt collections platform Credgenics has raised $50 million in a series B round of funding. Venture investors Westbridge Capital, Accel, Tanglin Ventures, and Beams Fintech Fund led the round, the company said in a release on Wednesday. Most of these investors had participated in its previous funding round in 2021.

White House on Wednesday will detail its plans to prohibit some USA investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters. The plans are aimed at preventing USA capital and expertise from helping develop technologies that could support China's military modernization and threaten USA national security. Reuters reported on Friday that President Joe Biden was expected to issue a long-awaited executive order to screen outbound investments in sensitive technologies to China this week. The senior government source said that the order is expected Wednesday. The White House declined to comment on Tuesday. Biden administration officials have stressed for months any restrictions on USA investment in China will be narrowly targeted.

Beach Energy chief executive Morne Engelbrecht has made an immediate exit and will be replaced by senior Santos executive Brett Woods in a move that is being directly linked to the tightening hold of billionaire Kerry Stokes’ Seven Group Holdings on the board of the under-pressure oil and gas producer.

trades as the market failed to find momentum with overseas investors turning net sellers. Analysts do not expect a fall unless the Nifty closes below a technical support of 19500. Investors and traders remained cautious ahead of the Reserve Bank of India's monetary policy announcement on August 10 and the US inflation data expected later this week.

By David Milliken

Trump brings his "Ace in the Pack" spirit to Vave, one of the fastest-growing crypto brands, promising an exciting collaboration.

Investing.com — U.S. crude oil stocks likely rose by over 4 million barrels last week, with deficits/gains in inventories of gasoline and distillates too, amid intensive production cuts by Saudi Arabia, petroleum industry group API indicated in a preliminary report on Tuesday ahead of official inventory data.

Investing.com — The pound slipped against the dollar Tuesday as sourcing sentiment on risk assets pushed flows into the arms of the safe-haven dollar, with more pain likely ahead for the currency as some warn bets on Bank of England rate hikes are overstretched.

performance-linked incentive (PLI) programme for the steel sector, focused on import substitution. «The steel ministry is likely to come up with PLI-2 which will further take care of the requirements of the Indian Railways and various other segments,» steel secretary Nagendra Nath Sinha told ET.

₹12,755 crore. Consequently, the unit will become a wholly-owned subsidiary of Maruti Suzuki, and its key management positions, some of which are currently held by Suzuki employees from Japan, will be taken over by the Indian team. With this deal, Maruti Suzuki will aim to enhance its operational and organizational efficiencies, and double its manufacturing capacity by consolidating production within a single management entity.

ChatGPT. Last year, it began regulating the algorithms that underpin popular apps and internet platforms including TikTok’s Chinese equivalent Douyin and the ubiquitous super app WeChat.

Pikachu Returns. While initially revealed a month prior during a Nintendo Direct, specific details were scarce until now. The comprehensive trailer showcased an overview of the storyline, characters, gameplay mechanics, and more, igniting excitement among players.

₹48 crore. This is far lower than the run rate of ₹75-80 crore based on FY23 full year revenue. What is more, the increase in advertisement spends here led the vertical to post an Ebitda loss.

By Gertrude Chavez-Dreyfuss and Samuel Indyk

leadership of P K Mishra, principal secretary to the prime minister. The meeting delved into various facets of the forthcoming G20 Summit, encompassing both substantive and logistical aspects. The 18th Heads of State and Government Summit of the G20 will take place in September 2023 in the national capital.

Samsung Galaxy Watch 6 and Galaxy Watch 6 are “practically the same watch with the same internal specs, sensors and sizing options." While the Galaxy Watch 6 features an aluminum frame while the Galaxy Watch 6 Classic is stainless steel. In terms of design, the Galaxy Watch 6 and 6 Classic have a similar design to the Galaxy Watch 5, but with slightly larger and higher resolution screens. The Classic model has a rotating bezel, while the non-Classic model does not.

Hardik Pandya's rise as the potential successor to Rohit Sharma's captaincy seemed promising, especially after his triumphant maiden IPL season with the Gujarat Titans (GT). His appointment as the captain gained further momentum following the T20 World Cup, where he took over the reins after India's defeat to England. However, recent events have cast a shadow of doubt over his leadership capabilities.

mutual fund (MF) investors as they are delivering amazing returns to existing investors. Although small caps are considered to be very risky, the 'risk hai toh ishq hai' line from Harshad Mehta's web series Scam 1992 is a reminder that we need to take some risks in our life at a certain point to reap benefits. Nippon India Small Cap Fund - Regular Plan is one such small-cap mutual fund plan that has given stellar returns, and grown the money of its investors.

ETFs, or exchange-traded funds, altered the landscape of investing for retail investors. Launched on the NSE (National Stock Exchange) on January 8, 2002, the ETF witnessed trading of Rs 1.30 crore on its very first day, according to the data of the NSE. This novel financial instrument was proof that one does not have to be an expert analyst to be able to park money in different asset classes.

Drugs worth more than Rs 1,610 crore have been seized by the Assam Rifles between July 2022 and July this year in Manipur, according to data provided by the paramilitary force. In the financial years 2021-22 and 2020-21, it seized drugs worth Rs 850 crore and Rs 1,200 crore, respectively. However, official sources said the Assam Rifles — a border guarding force — primary mandate or task is not drug law enforcement.

Agritech platform Arya.ag on Tuesday announced a strategic partnership with The Soybean Processors Association of India (SOPA) to enhance and streamline crop monitoring for soybeans across 51 districts. The collaboration will leverage Arya Ag's cutting-edge satellite surveillance product, Prakshep, and its Artificial Intelligence «VaMa» powered by multiple data sources.