Author: Priyanka Chauhan

New Delhi: Exciting developments are now on the horizon for Thore Network as it recently received an official investment proposal in the seed round to fuel the growth of its ThoreCOIN platform. Spearheaded by two private UK investors, this infusion of capital will provide the impetus needed to propel Thorecoin to new heights. ThoreCOIN 2.0 is set to go live within the next quarter, harnessing the immense potential of artificial intelligence (AI) that has been pervading the crypto space. Since its inception in January 2018 as part of the broader Thore project, Thorecoin has strived to provide fast and substantial…

New Delhi: Bikano has introduced a new flavour of bhujia in the Indian market and is eyeing a 20 per cent growth in the category. The unique flavour called ‘Magic Bhujia’ will feature a distinctive blend of spices, said the company, adding that it will be available in 200g, 38g, and 18g pack sizes, priced at Rs 59, Rs 10, and Rs 5 respectively. With the market value at Rs 47,000 crore, the snack industry in India is experiencing rapid expansion. According to reports, the market is anticipated to grow at a CAGR of 10 per cent from 2023-2028. “Bhujia…

New Delhi: Red Fort Capital, an investment-grade finance company headquartered in Mumbai, has recently secured a term loan of INR 75 million from IKF Finance in Chennai and INR 40 million from Usha Financial Services. These funds will support Red Fort Capital’s mission to provide quick business loans to MSMEs and expand its loan book. Specializing in secured business loans––ranging from INR 10 million to 100 million––Red Fort Capital prides itself on its experienced management team and efficient underwriting practices, enabling an impressive turnaround time of under 7 days. The company’s robust loan monitoring processes, strong risk management practices, and commitment…

New Delhi: Tata Consultancy Services (TCS) and UK’s largest workplace pension scheme, National Employment Savings Trust (NEST), on Wednesday announced the expansion of their long-standing collaboration in an 840 million pounds($1.1 billion) agreement to focus on digitally transforming Nest’s scheme administration services. The deal, over an initial tenure of 10 years, is also meant to deliver enhanced member experiences and expand the scheme’s mission of delivering better retirement outcomes for people across the UK. The maximum estimated value of the contract, if extended to the entirety of its 18-year tenure, would be $1.96 billion. “I’m looking forward to continuing our journey…

New Delhi: Shriram Finance is looking forward to extending its MSME operations. An increasing number of non-banking financial companies (NBFCs) are looking to tap the MSME segment as competition from banks has intensified in a vehicle, gold and home loans. To close the credit access gap for the MSME market, Muthoot Finance announced small business loans on Tuesday. We are launching this initiative as a part of our strategic expansion plans and diversification, aiming to become a one-stop financial services provider. We are venturing into this initiative,” says MD George Alexander Muthoot. “To make it easy for SMEs to repay,…

Over 16,000 visitors attended the summit over three days Surat: The Startup Summit TwentyOne by SeventyTwo (powered by Navitas Solar), organised by IVY Growth Associates, a leading startup ecosystem enabler based in Surat, facilitated fundraising of approximately Rs. 15 crore by various startups. Twenty-five startups pitched their ideas before investors. The Summit’s objective was to position Surat and Gujarat on the global startup ecosystem map. The three-day Summit, organised from June 16 to 18, received a tremendous response with more than 10,000 visitors on the final day and over 16,000 visitors over three days. Over 200+ startup founders, 500+ investors…

Bangalore: TrafficGuard, an omnichannel ad verification platform, today announces that it has launched a$9 million capital raise with $6.5m cornered via a strongly supported and upsized two-tranche share placement (Placement) to existing long-term sophisticated investor shareholders and new high-quality institutional shareholders. The placement will witness the firm issuing a total of 135,416,666 new fully paid ordinary shares in two tranches. Highlighting the importance of the fresh capital, Mathew Ratty, CEO and Co-Founder of TrafficGuard, said, “In the modern era where brands are busy embracing digital transformation, the rise of new-age bots, SDK spoofing and click spamming has fueled the growth of advertising fraud.…

New Delhi: The cryptocurrency unicorn, CoinSwitch is planning to establish a stock trading platform, competing with the likes of Groww, Upstox, and Zerodha, among others.   As per the media reports, the company intends to apply to the Securities and Exchange Board of India (SEBI) for a stockbroker’s licence. Additionally, Coinswitch is claimed to be in talks with various non-banking financial organisations (NBFCs) and banks about offering fixed deposits. The crypto trading platform recently revealed plans to offer traditional financial goods, including mutual funds, US equities, and other similar ones, in light of the recent issues with cryptocurrencies around the world, including…

New Delhi: The search for the best Infant Care Products led the founder Abhishek Pandey to launch the Baby Products start-up Adorica Care in 2023. Adorica Care is an online baby brand that offers a range of products essential for a complete parenting journey. Prioritizing mildness and protecting the baby’s delicate skin led to the inception of the brand Adorica Care.  As a matter of fact, the market for baby care products is expanding due to parents’ increased skin-related worries for their children and due to the growing concern over a baby’s health, suffering from different health problems such as skin…

New Delhi: As per the Great Place to Work (GPTW) report 2023, about 86% of Indian employees responded positively to a sense of pride at the workplace, while 84% of workers responded positively to fairness and respect for their workplaces. The report surveyed 1394 companies with over 45 lakh employees. “When organisations treat fairly, pay fairly, and cultivate a better work environment, the overall experience improves exponentially. Equal opportunities for all demographics not only drive higher productivity and innovation but also enable employees to find meaning in their jobs, creating a better future,” the report said. Moreover, the report mentioned that…