Author: Ansh Singh

New Delhi:  Red Fort Capital Finance Company Private Limited, a rapidly growing and dynamic Non-Banking Financial Company (NBFC) specializing in Small Business lending, proudly unveils its latest financial product – Invoice Discounting. This innovative solution is strategically designed to bridge the gap faced by small and medium-sized enterprises (SMEs) across India. The MSME sector in India is a crucial catalyst for economic growth, contributing significantly to employment and GDP. Reports indicate a funding gap exceeding $500 million for MSMEs, and bridging this gap is paramount for sustaining economic progress. Invoice Discounting emerges as a key strategy to mitigate risks associated…

Delhi: GoKwik, one of the largest eCommerce enablers in India, has collaborated with Flipkart to offer the latter’s SuperCoins program to D2C brands on KwikCheckout (GoKwik’s checkout solution). SuperCoins is a multi-brand rewards ecosystem created by Flipkart to provide benefits to users on its platform and those on its partner brands. With this collaboration, GoKwik will be able to enable SuperCoins redemption on KwikCheckout, with a vision of providing a delightful and seamless shopping experience to Indian D2C shoppers and merchants on its network. Flipkart SuperCoins will be integrated within KwikCheckout, thus allowing Flipkart customers and those on Myntra, Cleartrip,…

Ahmedabad: Gujarat Chief Minister Shri Bhupendrabhai Patel felicitated Cadila Pharmaceuticals, one of the oldest and largest privately-held drug companies in the country, for its Corporate Social Responsibility (CSR) initiatives aimed at improving the general health and well-being of local communities. The CSR team of Cadila Pharmaceuticals accepted the award from the Chief Minister at a public event in Visnagar, Mehsana, recently.  Cadila Pharmaceuticals has participated in nine mega healthcare initiatives of the district health department in Mehsana and supported authorities by sponsoring necessary medicines, especially its iron syrup (Haem UP), to help adolescent girls, and pregnant and lactating women beat anaemia. The syrup…

India: Tata International is set to expand operations in Nigeria through a strategic partnership with the Lagos Free Zone (LFZ). The agreement was signed in the presence of Anand Sen, Managing Director of Tata International Limited, by Managing Director of Tata Africa Holdings Pty Ltd, Len Brand. This marks a significant milestone in the company’s commitment to the region. MD, Tata International Limited, Anand Sen; MD, Infrastructure and Fintech Business, Tolaram, Navin Nahata; MD, Tata Africa Holdings Property Limited, Len Brand and GM, Strategic Marketing, Lagos Free Zone, Tejaswi Avasarala at the official signing ceremony in Lagos. With a rich legacy…

New Delhi: Warren Buffett’s Berkshire Hathaway has made a significant move, selling its entire stake in Paytm’s parent company, One97 Communications, in a blockbuster deal. The transaction involved the sale of over 1.56 crore shares, comprising 2.5% of Paytm, with a total value of ₹1,370.63 crore at an average price of ₹877.29 per share. Intriguingly, Copthall Mauritius Investment and Ghisallo Master Fund LP seized the opportunity, acquiring substantial stakes in Paytm. Buffett initially invested in Paytm in 2018, holding a 2.6% stake valued at ₹2,200 crore, placing the fintech giant’s worth at $10–12 billion. Paytm, a leader in the fintech space,…

New Delhi: Tata Technologies is set to make waves on Dalal Street with its upcoming IPO on November 22, 2023. This IPO provides a golden opportunity for those who should have started trading the company’s shares in the unlisted market. However, the unlisted market for Tata Technologies has been ‘frozen’ since November 13, preventing share transfers after filing the red-herring prospectus. Unlike standard practices, Tata Technologies surprised analysts by implementing a lock-in on pre-IPO shares well before the allotment day. This move has disappointed some market participants, as there was no prior communication about the suspension of share trading or the…

New Delhi: Tesla’s Texas Gigafactory, where the cutting-edge Cybertruck is being produced, has faced challenges with worker safety, marked by unfortunate incidents such as explosions, concussions, and robot-related accidents. As Elon Musk gears up to roll out the first Cybertrucks to eagerly awaiting customers, reports reveal that 1 in 21 workers suffered injuries in 2022, based on Tesla’s submissions to the US Occupational Safety and Health Administration (OSHA). This massive car factory in Austin, integral to Tesla’s ambitious goal of selling 20 million vehicles annually, has witnessed risky incidents, including an explosion in the casting department and a worker being pinned…

New Delhi: Billionaire philanthropist Bill Gates recently shared an optimistic perspective on AI, asserting that it won’t replace humans but could pave the way for a three-day workweek. In a lively conversation with comedian Trevor Noah on the podcast ‘What Now,’ Gates envisioned a future where technology liberates us from excessive work, emphasizing that life is about more than just jobs. He highlighted the potential for machines to handle routine tasks, freeing up human labour for more meaningful pursuits. Gates drew parallels between evolving attitudes toward work, noting how a multi-job approach replaced the farming-centric mindset of previous generations. Contrary…

New Delhi: Tesla is attending a luxurious entry into the Indian market, expressing its eagerness to establish a state-of-the-art electric car manufacturing facility with a unique condition. The electric giant, led by the visionary Elon Musk, has approached the Indian government, proposing a game-changing investment of up to $500 million. The catch? A request for a favourable 15% concessional duty on imported vehicles during the initial two years of operations. Sources reveal that Tesla is ready to make this substantial investment if the Indian government extends this tariff benefit to cover 12,000 vehicles. The stakes get even higher, with the…

New Delhi: Mamaearth’s market performance soared to new heights as its share price surged by an impressive 20% on Thursday, hitting the upper circuit limit. This remarkable feat followed the release of the company’s Q2FY24 financial results, marking its inaugural quarterly report post-listing on the stock exchanges. The parent company, Honasa Consumer, reported a stellar net profit of ₹30 crores, doubling from the previous year, and witnessed a 21% growth in revenue, totalling ₹496 crores. In the competitive world of direct-to-consumer (D2C) unicorns, Mamaearth outshone its peers by achieving a remarkable 33% revenue growth in the first half of FY24,…