Your Daily Financial Dose
Jio Financial Services Ltd (JFSL), a non-banking financial arm of Reliance Industries, recently received approval from India’s Ministry of Finance to increase its foreign investment cap to 49%. This decision…
Taiwan-based electronics manufacturer Bestec Group has announced a significant investment in Karnataka, India, where it plans to set up a manufacturing unit near Bengaluru. This move is part of the…
Ankur Capital, a prominent early-stage venture capital firm in India, has successfully secured significant commitments for its third fund from two major international players: British International Investment (BII) and the…
Adani Power, a leading energy player in India, is set to acquire Reliance Power’s 600 MW Butibori thermal power plant in Nagpur, Maharashtra. This acquisition, valued at approximately ₹3,000 crore,…
Kiteworks, a leading provider of secure content communications, has recently secured a massive $456 million investment from private equity firms Insight Partners and Sixth Street Growth. This substantial capital injection…
President Joe Biden has announced a significant $150 million investment under his Cancer Moonshot initiative. This effort, aimed at drastically improving cancer treatment, particularly focuses on enhancing surgical technologies for…
India’s Supreme Court has recently revived insolvency proceedings against Byju’s, one of India’s leading ed-tech companies. This decision comes at a time when Byju’s is already grappling with financial instability…
In a significant development, Zepto, a rapid delivery startup, has achieved a staggering $5 billion valuation, marking a new milestone in India’s quick commerce landscape. This surge in valuation underscores…
Alphabet Inc. (GOOG) recently encountered a significant legal setback due to an antitrust ruling that labeled its dominance in search and text advertising as an illegal monopoly. While this has…