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Startup funding drops 37% on year to $103 million this week

This week, startups, across seed, early and late-stage rounds, raised funds through 21 deals, compared to 29 deals in the year-ago period, when they raised a total of $163 million, according to data from Tracxn.

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Adani Energy inks pact to operate electricity transmission lines in Kenya

Gautam Adani’s conglomerate has agreed to build and manage major electricity transmission lines in Kenya for 30 years. The project will upgrade Kenya’s power infrastructure, addressing frequent blackouts. Funding will be sourced by Adani, and the government will not incur…

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‘Enhancing Connectivity and Resilience’: PM Modi unveils 10-point plan to boost ASEAN-India ties

Prime Minister Narendra Modi unveiled a 10-point plan to bolster the ASEAN-India Comprehensive Partnership at the 21st ASEAN-India Summit to enhance connectivity and resilience.

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Indian pharma, electronics industries poised to gain from US investment restrictions in China

Highlighting that global companies will continue to divert investments from China to other parts of Asia Pacific (APAC) and the rest of the world, it said: “Asean and India could be attractive because they are receptive to foreign investments and…

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India’s industrial production sees marginal contraction, manufacturing production rises

India’s Index of Industrial Production (IIP) saw a marginal contraction of 0.1 per cent in the month of August, against July’s 4.7 per cent as manufacturing production rose by 1 per cent, the Ministry of Statistics data showed on Friday.

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Amazon Business corporate gifting store sees 134 per cent growth in festive sale

Amazon’s B2B marketplace, Amazon Business, saw significant growth in corporate gifting during the first ten days of the Amazon Great Indian Festival 2024, with a 134% year-on-year increase. Popular gifting items included kitchenware, tech gadgets, and snack hampers. The rise…

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  • ₹2 lakh a month for a normal life': Man says 'Bombay, Bangalore and Gurgaon may exhaust you'

    He listed routine expenses such as rent, groceries, fuel, Uber rides, house help, gym memberships and occasional meals out, along with a few lakh rupees spent on travel every year.

  • How SpaceX benefits as Nasdaq eases its index inclusion rules | What changed and how it impacts the investors

    SpaceX will join the Nasdaq 100 on July 7 due to amended eligibility rules, allowing quicker inclusion for newly listed companies. This change could attract $4.3 billion in passive inflows from ETFs and mutual funds, potentially boosting SpaceX's stock price significantly.

  • Section 80C: Which small savings schemes qualify for tax deduction and which don't?

    Post office small savings schemes are popular for conservative investors, offering safety, assured returns, and competitive interest rates. Here's the list of schemes that qualify for tax deduction under Section 80C.

  • PPF withdrawal before 15 years: When can you withdraw early and is there a penalty?

    To access funds from a PPF account before maturity, account holders can make partial withdrawals or close the account early under specific conditions after five years. Here's all you need to know about the withdrawal rules.

  • Gold vs Nifty 50: Which investment created more wealth over the past 10 years?

    The analysis shows gold has significantly outperformed the Nifty 50 over the short term, particularly in the last one to five years. Over 10 years, both gold and the Nifty 50 have delivered broadly similar long-term returns.

  • International travellers: Compare options before your next foreign trip to save up to 12% on card charges and fees

    Planning an international trip? Choosing the right card can save you up to 12% in associated fees and charges on every international transaction and ATM cash advance cost when travelling abroad. Here's how…

  • How much should a 30-year-old invest monthly to retire comfortably? Expert guides

    Start planning today for a secure tomorrow with smart retirement investments. This article explains how much a 30-year-old should invest monthly, covering inflation, SIP planning, and retirement corpus goals for a comfortable future.

  • Nifty Auto Index explained: Meaning, top constituents, investment options, benefits, and key risks

    Nifty Auto Index is a sectoral stock market index that tracks the performance of India's automobile industry by comprising 15 actively traded and NSE-listed companies. One of the simplest ways to get exposure to the Nifty Auto Index is through index funds and ETFs. 

  • As SpaceX joins Nasdaq 100 on July 7, Indians can now invest in the stock through these mutual funds

    SpaceX will join the Nasdaq 100 on July 7, prompting passive investments expected to reach $4.3 billion. Indian investors can access SpaceX indirectly via mutual funds tracking the index, gaining a small stake alongside leading tech firms like Apple and Microsoft.

  • Which city could become the next Bengaluru? Hyderabad, Pune and 4 others make ANAROCK's list

    Bengaluru, India's IT hub, faces competition from cities like Hyderabad and Pune, which are experiencing rapid growth in residential and commercial real estate. 

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