Business News

Over dozen unicorns to participate in Vibrant Gujarat Startup Summit 2022

Over dozen unicorns to participate in Vibrant Gujarat Startup Summit 2022

Gandhinagar: Over a dozen global unicorns and more than 1,000 Gujarat-based startups will participate in the Unicorn Conclave, as part of the VGGS 2022 to bring the startup ecosystem of India on one platform.The summit will also see participation from over 150 startup incubators, hundreds of industr...

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Tariff hike by telcos to improve sector's revenue, cash flow

Tariff hike by telcos to improve sector's revenue, cash flow

New Delhi: An upward revision in prepaid tariffs by domestic telecom majors is expected to provide much-needed breather to the overall sector in the run up to the rollout of 5G services in the country.Last week, Vodafone Idea, Bharti Airtel and Reliance Jio had raised their prepaid tariffs by around...

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Indian Textile Inc rolls out the red carpet for UAE, rest of the world

Indian Textile Inc rolls out the red carpet for UAE, rest of the world

Dubai: Indian textile leaders have rolled out the red carpet to investors from the UAE and other parts of the world, urging them to become part of the country's textile success story.At a global investor summit, organised as part of the ongoing 'Textile Week' at the India Pavilion in Expo 2020 Dubai...

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Fintech firm Slice becomes India's new unicorn

Fintech firm Slice becomes India's new unicorn

Bengaluru: Fintech company Slice on Monday announced it has become India's new unicorn with raising $220 million in a Series B round, that values it at over $1 billion.The round was led by Tiger Global and New York-based global private equity and venture capital Insight Partners.Slice (Written as sl...

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Chip shortage hits online Black Friday sales

Chip shortage hits online Black Friday sales

San Francisco: The famous Black Friday sales last week saw online shopping dip to $8.9 billion this year, falling short of $9 billion that was spent by online consumers last year, and the ongoing chip shortage is one of the key reasons behind this.According to Adobe Analytics, out-of-stock messages ...

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Capri Global partners with Union Bank for lending to MSME

Capri Global partners with Union Bank for lending to MSME

Mumbai: Capri Global Capital Limited (CGCL), an NBFC has partnered with Union Bank of India to offer loans to MSMEs.  The collaboration will be helping MSMEs avail customized lending solutions at a competitive rate of interest with a significant reduction in turn-around time.  Loans betwee...

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India's growth in digital ecosystem unusual but offers model for developing countries

India's growth in digital ecosystem unusual but offers model for developing countries

New Delhi: Over the past five years, Indias mobile internet and digital services ecosystem has grown rapidly, owing to the pioneering efforts of large private sector players.Although this industry-led growth is somewhat unusual, it offers a model that could benefit other developing countries, wrote ...

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Paytm posts Q2 results, revenue from ops up by 64% to Rs 10.9 bn

Paytm posts Q2 results, revenue from ops up by 64% to Rs 10.9 bn

New Delhi: India's leading digital ecosystem for consumers and merchants, Paytm announced its second quarter earnings report. The digital payments and financial services platform saw its revenue from operations grow by 64 per cent Y-o-Y to Rs 10.9 billion in Q2 FY 2022, driven by 52 per cent growth ...

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Flying High: Vietnam, Turkey, Russia on SpiceJet's radar for expansion

Flying High: Vietnam, Turkey, Russia on SpiceJet's radar for expansion

New Delhi: Reinstatement of the Boeing 737 MAX aircraft as well as booming passenger traffic has re-energised SpiceJet's plan to start direct services to new destinations in Vietnam, Turkey and even Russia amongst others.In a conversation with IANS, SpiceJet's Chairman and Managing Director Ajay Sin...

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Global AI software market to hit $62 bn in 2022: Gartner

Global AI software market to hit $62 bn in 2022: Gartner

New Delhi: Global artificial intelligence (AI) software revenue is forecast to reach $62.5 billion in 2022, an increase of 21.3 per cent from 2021, according to Gartner.The top five use cases for AI software spending in 2022 will be knowledge management, virtual assistants, autonomous vehicles, digi...

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