Currencies

Mumbai, India — May 30, 2022 — CoinDCX, one of India’s largest and the most valuable crypto company, today announced the launch of its new crypto yield program, ‘Earn’, a new way for CoinDCX’s customers to put their crypto to work and earn interest on their idling crypto assets.The ‘Earn’ feature is currently one of the most competitive products in...

Bengaluru 25th May 2022 : CoinSwitch, India’s largest Crypto investing app, plans to be 1000 employees strong by the end of 2022. The company plans to hire across levels with key focus on engineering, information security, product and analytics. Founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari as an aggregator, CoinSwitch launched CoinSwitch Kuber for India in...

ICRA has projected that the year-on-year (YoY) growth of the GDP and gross value added (GVA) at basic prices (at constant 2011-12 prices) in Q4 FY2022 seems to have eased to a tepid 3.5% and 2.7%, respectively, from the performance in Q3 FY2022 (+5.4% and +4.7%, respectively). This is on account of the impact of higher commodity prices on...

Mumbai, May 23, 2022: In the latest report global real estate consultancy Knight Frank India noted that the real estate sector in India received USD 1,180 Million (Mn) in Q1 2022 (Jan – Mar 2022) recording a growth of 98% quarter – on – quarter (QoQ) over Q4 2021 which had received PE investments of USD 597 Mn. In 2021 (calendar year) the total private equity...

Mumbai, May 20, 2022: Indian Tyre Industry major, JK Tyre & Industries Ltd. (JK Tyre) announced its audited results for FY2021-22. The Board has recommended a dividend @ 75% (Rs.1.50 per share having face value of Rs.2 each) Commenting on the results, Dr. Raghupati Singhania, Chairman and Managing Director (CMD), said, “JK Tyre achieved highest ever revenue of Rs.12,000 crore in...

Mumbai, May 19, 2022: LenDenClub, India's largest Peer-to-Peer Lending platform, with its vision to drive financial inclusion, is building a formidable leadership team as it prepares for its next growth phase, chasing an ambitious goal of $1 billion in loan disbursals. To this effect, the RBI registered NBFC-P2P has made a key leadership appointment and hired CA Mudit Agarwal as its...

Bengaluru, May 20, 2022: Neobanking app Fi launched its ‘Connected Accounts’ feature to become one of the first fintechs to build a product on top of the RBI’s Account Aggregator (AA) framework. The feature allows users to link multiple bank accounts with Fi to get a comprehensive view of their finances on a single platform. The neobank was also among...

Mumbai, 19th May 2022 - Singapore-based Jungle Ventures has announced a $600Mn close of their Fund IV with $450Mn in the main fund and $150Mn in additional managed commitments. This brings their total Assets Under Management (AUM) to over $1Bn, making Jungle the first independent, Singapore-headquartered VC firm that invests across Southeast Asia and India, to reach this milestone. Starting with...

Mumbai, May 19, 2022: Drip Capital, Inc., a leading digital cross-border trade finance platform offering financing solutions to small and medium businesses (SMBs), is pleased to announce that Shweta Madhusudan has joined its leadership team as Global Head, Talent Development and Compensation.  An alumnus of the Indian School of Business, Shweta has over 14 years of experience in Human Resources, Consulting,...

New Delhi, 18h May 2022: Fashinza, a B2B, new-age product development and production management platform enabling fashion brands and manufacturers to produce better, together, has joined hands with Stride One, SaraLoan and other fintech lenders to empower apparel manufacturing SMEs with an over $15 million supplier-financing program. The lack of requisite working capital has been a significant challenge and...