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Honeycomb, a Chicago-based digital insurer, recently secured $36M in Series B funding, led by Zeev Ventures. CEO Itai Ben-Zakan aims to revolutionize the insurance market with AI-powered solutions. Honeycomb's innovative approach…
Parseable, a log analytical platform, has secured $2.75 million in funding from Peak XV’s Surge and NP-Hard Ventures to enhance log data handling for digital businesses. With global data creation projected to double by 2025, Parseable's…
In a groundbreaking move, the National Payments Corporation of India (NPCI) and the Bank of Namibia have joined forces to develop a cutting-edge payment system similar to India's Unified Payments Interface (UPI). This collaboration marks a…
India's energy sector is undergoing a significant transformation, with coal's share in the country's installed capacity dropping below 50% in FY24. This shift reflects a growing emphasis on renewable energy sources like solar, wind, and…
India's resource production is on the rise, with coal production increasing by 7.4% in April to 78.69 million tonnes and mineral production jumping by 8% in February, according to government reports. This surge in production signals a…
India's mineral sector is set for a transformation with the upcoming auction of 20 critical mineral blocks, signaling a shift towards self-sufficiency and reducing dependency on imports. Spearheaded by the Mines Ministry, this initiative…
In the world of stocks, every move is like a dance - fluid, unpredictable, and full of surprises. As Q4 FY24 comes to a close, companies like Adani Ports and Coal India are stepping onto the stage to show off their financial performances…
Coal India, the giant in the coal mining industry, has been on a wild ride recently. Just a day after rallying 4% on the back of a decent quarter, the company faced a reality check with tepid income rise and an 18% growth in annual profit…
Coal India Limited has defied market odds with a 17% profit growth despite a modest income rise. The company's focus on efficiency, cost optimization, and diversification has positioned it as a leader in the domestic coal mining sector…
Coal India, the state-run coal miner, reported a 26% increase in its consolidated net profit to Rs 8,640.45 crore for the fourth quarter of the last fiscal year. This surge was fueled by a decrease in total expenses, which fell by 8.34%…
India's mining sector experienced an 8% surge in mineral production in February, showcasing resilience and growth in the face of economic challenges. The uptick in production reflects increased demand for essential minerals like coal, iron…
The race is on as First Abu Dhabi Bank (FAB) and Mizuho Bank compete for State Bank of India's stake in Yes Bank. Interest is brewing from West Asia and Japan, with FAB and Mizuho leading the charge. Citibank is on the hunt for a buyer…
In the world of finance, the recent plunge in currency derivatives volumes has sent shockwaves through the market. The Reserve Bank of India's exposure norms have played a significant role in this downward spiral, leaving investors and…
In a groundbreaking move, ICICI Bank has opened up the world of UPI payments in India to NRIs using international mobile numbers. This game-changing decision will make transactions smoother and more accessible for non-resident Indians…
The Reserve Bank of India (RBI) has proposed a new regulation to set a minimum floor for banks' loan exposure in project finance. This move aims to ensure financial stability and prevent excessive risk-taking by banks. The RBI's decision…
In the world of NSE-listed companies, CSR spending reached a staggering Rs 155.24 billion in FY23. This marked a 5% increase from the previous year, showcasing a commitment to social responsibility. Top contributors like HDFC Bank, Tata…
In a recent article, ICICI Bank refuted claims that its MD & CEO, Sandeep Bakhshi, was planning to step down. Despite the speculation, Bakhshi remains at the helm of the bank, steering it through turbulent waters. Title: ICICI Bank…
In the fast-paced world of finance, numbers don't lie. According to recent data from the RBI, banks' loans have surged by a staggering 19% in just two weeks leading up to April 19. But that's not all - deposits have also seen a significant…
May brings new rules and charges in the banking and finance sector that individuals need to be aware of. From revised fees on savings accounts to surcharges on utility payments, here are the key changes happening this month. May is not a…
The share of current account (CA) and saving account (SA) deposits as a share of total deposits dropped for most banks in FY24. Despite high deposit rates, banks faced pressure for retail deposit mobilization and turned to term and bulk…
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