Business Current Affairs

Assets under management for ESG funds rose 2.5 times to USD 650 mn in FY21: Nasscom

Assets under management for environmental, social and governance (ESG) funds increased 2.5 times to USD 650 million in India in financial year 2021 on an annual basis, a top official of IT industry body Nasscom said on Friday. The assets under management for ESG funds in 2020 was USD 275 million. ESG funds: Funds whose asset allocation […]

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Tata Group choose SBI, Bank of Baroda and HDFC Bank as preferred bankers for Air India

The Tata Group has chosen State Bank of India, Bank of Baroda and HDFC Bank as preferred bankers for Air India. Recently Tata Group has taken over Air India from the government. Air India is the largest international carrier out of India with an 18.6% market share. Tata Sons have availed of a Rs 10,000-crore loan from SBI and a Rs

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Paytm Money launches “India’s first” intelligent messenger named ‘Pops’.

Paytm, India’s leading digital payments and financial services platform has introduced India’s first intelligent messenger, revolutionizing the way users invest and track markets. Messenger ‘Pops’ will allow its user to receive specific information related to their stocks, analysis about their portfolio, market news, and important market movements, all in one place. The platform will also

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Google to invest upto $1 Billion in Bharti Airtel to boost country’s digital ecosystem

Indian telecom company Bharti Airtel and Google have announced a long-term partnership agreement on January 28, 2022 to accelerate the growth of India’s digital ecosystem. Alphabet Inc’s Google on Friday said it is investing up to $1 billion in Bharti Airtel, including $700 million to buy a 1.28% stake in India’s second-largest telecom operator, which

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TVS Motor acquires 75% stake in Swiss e-Mobility Group (SEMG) for $100 million

In a bid to globalize the TVS group and participate in the $25 billion global e-bike market, TVS Motor Company on Thursday acquired a 75% stake in the Swiss E-Mobility Group (SEMG). Further TVS Motor plans to acquire the remaining 25 percent in the company soon. This is TVS Motor’s second acquisition in Switzerland for FY22. In September 2021,

TVS Motor acquires 75% stake in Swiss e-Mobility Group (SEMG) for $100 million Read More »

Paytm partners with Fullerton India to provide lending products

Fullerton India and Paytm’s parent company One 97 Communications Ltd., have partnered to provide lending products to merchant partners and consumers and have decided to specifically tap into MSME borrowers across tier 2-3 cities. The two companies will leverage data-driven insights and wide reach to bring credit to new-to-credit users. The programme will offer Paytm Postpaid

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Swiggy turns decacorn with valuation of $10.7 billion

Swiggy (Food-ordering and instant grocery delivery platform) has signed a $700 million funding round led by asset manager Invesco. The latest capital infusion has nearly doubled Swiggy’s valuation to $10.7 billion, making it a decacorn, said two people aware of the deal details. A decacorn is a moniker for startups valued at over $10 billion. The

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MNRE to infuse ₹1,000 crore in SECI for financing renewable energy (RE) capacity of 3,300 megawatt (MW)

The Ministry of New and Renewable Ministry (MNRE) on Saturday said it will infuse ₹1,000 crore in state-run Solar Energy Corporation of India (SECI) as it eyes financing renewable energy (RE) capacity of 3,300 megawatt (MW). As per present RBI norms, an agency can extend loans on 20 percent of its net worth. With infusion

MNRE to infuse ₹1,000 crore in SECI for financing renewable energy (RE) capacity of 3,300 megawatt (MW) Read More »

SEBI Launches Mobile App ‘Saa₹thi’ For Investor Education

Markets regulator Securities and Exchange Board of India (SEBI) on January 19, 2022 launched “Saa₹thi” – a mobile app on investor education in Mumbai. The new app aims to create awareness among investors about the basic concepts of the securities market, KYC process, trading and settlement, mutual funds, recent market developments, investor grievances redressal mechanism,

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Microsoft to acquire video gaming company Activision Blizzard for $68.7 bn

Microsoft said it agreed to buy video game company Activision Blizzard in a $68.7 billion all-cash deal, making it the third-largest gaming company in the world. The deal, which is expected to close in the fiscal year 2023, will accelerate the growth in Microsoft’s gaming business across mobile, personal computer, console and cloud, and “will

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