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Indian Govt Amending Budget Plans Amist Russia-Ukraine War

Indian Govt Amending Budget Plans Amist Russia-Ukraine War

Budget 2022-23 was launched in February, which came with lots of hopes, including boosting employment, strengthening infrastructure, and a lot more. But the Russia-Ukraine war could impact India’s spending plans.  As per the reports, India is likely to be affected by the Russia-Ukraine war following a surge in global prices of commodities. The Indian govt…

Rupee Plunged To A Record Low – Fuel Price In India Is Expected To Rise

Rupee Plunged To A Record Low – Fuel Price In India Is Expected To Rise

The Indian Rupee has dived a record low of 77.02 against a US dollar on Monday, and as per a poll conducted by Economic Times, it is further expected to plunge around 80 in the next few days. This record decrease in Rupee’s value is a consequence of the crude oil hike in the global…

CredAvenue Enters Unicorn Club After Raising $137 Million

CredAvenue Enters Unicorn Club After Raising $137 Million

CredAvenue, an online debt marketplace, has become another Unicorn of 2022 after raising $137 million in a Series B funding round. The company said that ━ it is now valued at $1.3 billion, more than tripling its valuation in just six months, making it India’s fastest fintech unicorn.  The funding was led by New York-based…

Burman’s Group To Take Control Of Eveready As Khaitan’s Quit

Burman’s Group To Take Control Of Eveready As Khaitan’s Quit

Eveready Industries Chairman and Managing Director, Aditya Khaitan and Amritanshu Khaitan, announced their resignation after Burman Group takeover the bid.  The resignation of the Khaitans came two days after the Burman’s, founder of Dabur, a food company, made an open offer for a Kolkata-based dry cell company.  After their resignation, Suvamoy Saha is assumed to…

Russia-Ukraine War: Shares Rebounded, Crude Oil Surged $110/bbl

Russia-Ukraine War: Shares Rebounded, Crude Oil Surged $110/bbl

Russia-Ukraine War – Day 8 – The war has shaken the whole world, from the global stock market to transportation. US and European stocks, which have fallen a few days back, rebounded on Wednesday, but crude prices surged past $110 a barrel as fighting raged in Ukraine for the seventh day, posing a challenge for…

Three Shipping Lines Halt Cargo Shipment To and From Russia

Three Shipping Lines Halt Cargo Shipment To and From Russia

The world’s three biggest shipping companies announced the temporary suspension of shipment to and from Russia on Tuesday in the wake of Russia’s invasion of Ukraine.  Russia’s attack on its neighbour country, which Moscow called a “Special Operation”, is the biggest state-to-state invasion in Europe after World War II.  First, Swiss-headquartered MSC, the world’s biggest…

TCS Introduces New Business Framework, Looking for Accelerated Growth

TCS Introduces New Business Framework, Looking for Accelerated Growth

Tata consultancy service, aka TCS, will launch a new operational structure with four distinct business groups to drive the next phase of growth for India’s largest software exporter.  The IT giant has its eyes on the next milestone of $50 billion in revenue, according to the sources.  From April, the company will order its entire…

Russia-Ukraine War| Impacts On Global Stock Markets

Russia-Ukraine War| Impacts On Global Stock Markets

The Russia-Ukraine cold war has almost turned into World War III. The conflicts between the two countries are increasing and affecting the whole world, including the stock market. World markets were set for another confused week after the Western Nations announced a harsh set of sanctions to punish Russia for its decision to invade Ukraine…

Russia Declares War: Its Impact On Indian Market

Russia Declares War: Its Impact On Indian Market

On Thursday, Indian markets plummeted as Russian President Vladimir Putin ordered military action in Ukraine. Massive explosions were heard in the Ukrainian city of Kyiv shortly after the declaration. Sanctions were imposed on Russia by the US, and other western nations had little effect on Putin’s decision to declare war. The Russia-Ukraine confrontation has been…

Hasura Raised $100 Million, Become 10th Startup Unicorn of 2022

Hasura Raised $100 Million, Become 10th Startup Unicorn of 2022

Hausra, a Bengaluru and US-based open-source engine, has raised $100 million in fresh funding led by Greeoaks capital. In the funding round, the existing investor Nexus Venture Partners, Lightspeed Partners and Vertex Ventures also participated.   With this latest fundraise, Hasura becomes the tenth startup India’s unicorn of this year. It joins like the edtech firm…