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Scaler invests INR 50 Crore in Scaler School of Business to Build the Next Generation of Business Leaders

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Scaler, a leading education provider in India, has today announced that it has earmarked INR 50 crore towards developing its recently launched Scaler School of Business (SSB). These funds will be used to build offline infrastructure, design and update curriculum, establish partnerships with industry, and onboard world-class leaders as coaches, mentors, and instructors. Deloitte Touche Tohmatsu India … Read more

Hamdard invests in SIG’s aseptic carton technology

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Hamdard Laboratories India (Food division), a company known for its health and wellness products and beverages, has partnered with SIG to leverage its advanced aseptic carton packaging and filling solutions. The fast and flexible filling technology from SIG will help Hamdard meet the evolving consumer needs when it comes to affordability, the right size, long-lasting … Read more

Libas secures Rs 150 crore from IAF Series 5, a fund managed by ICICI Venture

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Libas has successfully closed its first external funding round, with an investment of Rupees 150 crore by IAF Series 5, a fund managed by ICICI Venture. Libas has fast-tracked its growth to become a leading force in the online fashion segment, captivating customers with its dynamic product range and innovative digital touchpoints. The latest funding … Read more

NSE Indices launches India’s first Electric Vehicle Index

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NSE’s index services subsidiary, NSE Indices Limited today launched a new thematic index – Nifty EV & New Age Automotive index. The Nifty EV & New Age Automotive index aims to track the performance of companies which form a part of the EV ecosystem or are involved in the development of new age automotive vehicles … Read more

ICICI Lombard and Capital Small Finance Bank announces Corporate Agency Alliance

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Sarvjit Singh and Birendra Mohanty (from left to right)

Capital Small Finance Bank (CSFB), India’s first small finance bank, has joined forces with ICICI Lombard, a leading private general insurance company, in a strategic Bancassurance Corporate Agency tie-up. This collaboration marks a significant milestone for CSFB’s growth strategy, aiming to widen its product offerings and provide a more diverse range of general insurance solutions … Read more

Sterlite Power Secures Funding Worth INR 1373 crore from PFC for NKTL Project

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Sterlite Power, a leading power transmission company, has successfully achieved financial closure for its Neemrana II Kotputli Transmission Limited (NKTL) project. The project, secured with funding of ₹1,373 crore from Power Finance Corporation (PFC), a Maharatna Public Sector Enterprise, marks a significant step towards strengthening India’s green energy corridor. “We are pleased to conclude the … Read more

BenQ Launches SW242Q Monitor for Professional Creatives with Superior Color Accuracy

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BenQ, a leader in display technology solutions, has unveiled the SW242Q monitor, meticulously designed to meet the stringent color accuracy and precision demands of professional photographers, videographers, and creative artists. This cutting-edge 24.1-inch 2K display merges BenQ’s industry-leading color management innovations with a host of user-friendly features, empowering creative professionals to realize their artistic visions … Read more

Balancehero India named Former American Express executive Sayantan Ghosh as Head of Credit Risk

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Balancehero India, the driving force behind one of India’s leading digital lending apps, TrueBalance, recently appointed Sayantan Ghosh, an alumnus of the Indian Statistical Institute, as its Head of Credit Risk Management & Data Science. Before joining Balancehero India, Sayantan had a stint with Statsfin and held various leadership positions at American Express. During his … Read more

Honasa strengthens R&D capabilities with acquisition of Cosmogenesis Labs

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Honasa Consumer Ltd., the holding company of Mamaearth, The Derma Co., Aqualogica, Dr Sheths announces the strategic acquisition of the assets of CosmoGenesis Labs (CosmoGenesis Cosmetics a sole proprietorship firm). With this acquisition, Honasa takes a significant leap in research driven innovation and underscores the capabilities to stay ahead of the curve in terms of … Read more

KFin Technologies Limited named C. Jayaram as an Independent Director

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KFin Technologies Limited has named Chengalath Jayaram as an Independent Director, effective 24th May 2024. Mr. Jayaram brings with him a wealth of experience spanning over 39 years in various facets of finance and business, making him a valuable addition to KFintech’s Board of Directors. His illustrious career includes a 26-year tenure at the Kotak … Read more

Nvidia Lowers AI Chip Prices in China Amid Huawei Competition

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Nvidia has reduced prices for its AI chips in China due to oversupply, resulting in them being priced lower than similar chips from Huawei, according to sources. This development highlights Nvidia’s struggles in China amid U.S. sanctions and growing competition, affecting a market that contributed 17% to its revenue in fiscal 2024. Last year, Nvidia … Read more

BankBazaar Secures Top Spot in April with $9.6 Million Funding

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BankBazaar has emerged as the highest-funded startup in April, securing $9.6 million in investments. The fintech sector in India attracted $29 million in April, bringing the total investments in CY2024 to $203 million, according to data compiled by BFSI consulting firm The Digital Fifth. A significant portion of this funding was directed towards companies specializing … Read more

Mahindra Finance Expands Insurance Offerings with New IRDAI License

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Mahindra & Mahindra Financial Services Limited (“Mahindra Finance”), part of the Mahindra Group and one of India’s leading Non-Banking Finance Companies, has announced the acquisition of a Certificate of Registration from the Insurance Regulatory and Development Authority of India (IRDAI). This Corporate Agency License allows Mahindra Finance to act as a ‘Corporate Agent (Composite)’ under … Read more

ProsParity raises $2 Million Pre-Seed Funding Led by BEENEXT

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ProsParity, a fintech platform that is reimagining the distribution of credit in the electric mobility sector, has raised $2 million pre-seed funding round from global institutional investors such as BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures. Angel investors like Dr Ashish Gupta (Co-founder of Junglee & Helion Ventures), Raj Dugar (Ex-Eight Roads … Read more

Acer Unveils Its First Copilot+ PC, the Swift 14 AI Laptop

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Acer has launched its first Copilot+ PC, the Swift 14 AI, marking a significant advancement in AI technology for laptops. This launch, in collaboration with Microsoft and Qualcomm Technologies, Inc., introduces a range of new AI capabilities and experiences, designed to enhance productivity and mobility. A New Era of AI-Enhanced Computing Powered by Snapdragon® X … Read more

Incofin India Progress Fund invests $ 10 million in SAVE Group

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International asset management companies Incofin and Maj Invest collectively invest USD 13 million in India’s leading rural financial services conglomerate, SAVE Group. The funding comes from Incofin India Progress Fund and Maj Invest Financial Inclusion Fund III K/s. Established in 2009, SAVE has emerged as a trailblazer in India’s Banking Business Correspondent (BC) Network, serving … Read more