Bengaluru-based Vecton AI raises Rs. 6 crore in a pre-seed round led by Zeropearl VC, aiming to help banks and financial firms transition AI from pilots to operational tools amid growing sector competition. Vecton AI has raised Rs. 6 crore…
Yuze Digital India Private Limited has formed a strategic alliance with airpay India, aiming to enhance digital payment acceptance and broaden financial services in emerging markets, signalling a significant shift in India’s fintech landscape. Yuze Digital India Private Limited has…
Reserve Bank of India Governor Sanjay Malhotra has cautioned that unchecked artificial intelligence usage in financial services may lead to increased exclusion and systemic risks, despite its potential to transform India’s digital economy. Reserve Bank of India Governor Sanjay Malhotra…
Online gold loans are gaining popularity among Indian households, combining digital convenience with traditional safeguards to offer quick, transparent, and accessible funding options for small and sentimental assets. Online gold loans are gaining traction because they sit at the intersection…
India’s electricity consumption is expected to jump by up to 7.5% this fiscal year, driven by record-breaking heatwaves and decreased rainfall, placing unprecedented strain on the country’s power system, according to Crisil Intelligence. India’s electricity demand is set to climb…
India has dropped to sixth position in the IMF’s nominal GDP rankings amid currency depreciation, but officials highlight ongoing reforms and robust domestic growth prospects which aim to elevate the economy’s potential despite short-term rankings reshuffle. India has fallen to…
Despite increasing practical similarities and combined scale, India’s plans to merge key infrastructure funding bodies, NaBFID, IIFCL, and NIIF, are stalling due to departmental jurisdiction disputes within the finance ministry, challenging the nation’s infrastructure financing consolidation efforts. India’s push to…
India’s Directorate General of Foreign Trade issues a warning for exporters and banks to scrutinise dealings with two Bhutanese firms following unresolved trade and quality disputes, amid rising bilateral trade figures. India’s Directorate General of Foreign Trade has warned exporters…
Behari Lal Engineering has secured ₹90.48 crore from anchor investors ahead of its upcoming IPO, signalling strong Institutional interest and plans for capital expansion at its manufacturing facilities. Behari Lal Engineering has raised ₹90.48 crore from anchor investors ahead of…
India’s net direct tax collection surged by 23% to 8.1 trillion rupees between April and August, signalling sustained tax buoyancy despite record-breaking previous years, with the government optimistic about achieving its 27 trillion rupees target for 2024-25. India’s net direct…
