B2B CUSTOMERS
BoB loan book grows 8% in Q1; IndusInd's net advances up 16%
The bank's CASA ratio fell to 36.7% at the end of June 2024 from 39.9% a year ago, disclosures made by the bank showed. Retail deposits and deposits from small business customers amounted to ₹1.74 lakh crore as of June 2024, up from ₹1.69 lakh crore in March 2024, the bank said.
15 places to buy Amazon liquidation pallets in the USA
Discover reputable companies offering Amazon liquidation pallets with a wide range of products at competitive rates. From electronics to household essentials, these top 15 companies provide quality goods for wholesalers, retailers, and bargain hunters.
Matter Group raises USD 35 mn from US-based Helena, others
Matter Group secures a significant USD 35 million Series B funding led by Helena, with plans to deliver advanced AERA electric motorbikes in India to address global climate challenges.
F&B, quick commerce log 40-50% sales jump on T20 final night
India’s nail-biting final match with South Africa on June 29 and the eventual historic victory drove up sales and revenues of food and beverage (F&B) companies as well as quick commerce firms. Merchant checkout network Simpl said it saw a nearly 40% increase in consumer spending on its platform during the match.
SaaS startup Rocketlane raises $24 million in funding
B2B SaaS startup Rocketlane has raised $24 million in funding led by 8VC, Matrix Partners India and Nexus Venture Partners. The company will use the funds to launch new products, innovate its customer portal, and accelerate its AI plans, it said in a statement. Rocketlane has so far raised $45 million in funding.
B2B fashion platform Zyod raises $18 million in funding
Zyod's equity funding round was led by venture firm RTP Global, while the debt capital came from Stride Ventures, Trifecta Capital and Alteria Capital. In April last year, Zyod had raised $3.5 million in a funding round led by Lightspeed Venture.
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Is the Three-Body Problem being adapted into a movie? Here’s the truth
The Three-Body Problem intricately weaves the tale of human and alien interactions, spanning several decades. The narrative explores into cultural clashes and examines humanity's response to extraterrestrial contact.
Moving to the US: Understanding the H-4 visa for dependents of H-1B visa holders
The H-4 visa, issued by USCIS, is for dependents of certain nonimmigrant workers like H-1B and H-1C visa holders. It allows spouses and children to accompany the primary visa holder to the US and study there.
HSBC estimates Prosus stake in ecommerce unicorn Elastic Run at $200 million
HSBC, in a research note dated May 21, nearly halved the valuation estimate for B2B company Elastic Run, pushing its valuation below the $1-billion 'unicorn' mark. The startup, backed by SoftBank and Prosus, was last valued at $1.5 billion in 2022.
B2B marketplace ReshaMandi fires 80% of workforce amid fund crunch
The B2B marketplace focused on silk products failed to secure Series B funding. Laden with over Rs 300 crore debt, it is facing court cases and may also be taken to insolvency court.
DPIIT seeks industry inputs to reduce compliances, improve business ease
The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh chaired a meeting discussing various initiatives to enhance ease of doing business. These include Jan Vishwas 2.0 aimed at reducing compliance burdens and criminalisation of laws. The meeting also focused on preparations for the World Bank’s upcoming B-READY index, which will assess regulatory frameworks and public services for firms.
Supermoney bags $3.4 million in funding round led by Capital 2B, Capria Ventures
The SME-focused digital lending platform will use the funds to expand its loan disbursement and operational efficiencies.
Taiwan to receive 1,700 TOW 2B anti-tank missiles from US by year-end
Taiwan is set to receive all 1,700 TOW 2B anti-tank missiles and 100 launchers from the US by the end of this year, following a two-year delay. The delay was due to the weapons initially failing to meet US Army standards. However, after passing all required tests, delivery is now expected before year-end. These missiles are part of three major arms packages purchased from the US, including F-16V fighter jets and AGM-154 air-to-ground missile systems. The TOW 2B missiles target the tops of armored vehicles, enhancing Taiwan's defensive capabilities.
Manufacturing theme offers a diversified portfolio. Anthony Heredia explains how
We believe the Production Linked incentive (PLI) along with the need for global corporates to de-risk their China play offers a secular opportunity that is likely to pan out over the next 3-5-7 years. Government is also monitoring the PLI implementation, making necessary changes if needed to resolve any problem areas as well as adding more products covered under PLI.
Adani One superapp clocked gross sales of Rs 750 crore in FY24
According to the 2023-24 annual report of the Ahmedabad-based conglomerate's flagship company Adani Enterprises, the user base of the superapp grew to 30 million at the end of the financial year. The company aims to expand the superapp's customer base to 400 million by 2030. Adani group is also in discussions with Paytm for potentially acquiring a stake in the fintech firm.
Agritech startup Fyllo raises $4 million in funding led by IndiaQuotient, SIDBI Ventures
Over 8,000 farmers are availing of Fyllo’s AI-based prediction models that suggest efficient agricultural practices, on more than 50,000 acres and have consistently received 25% more yield, 80% export-quality produce, and 30% more income, the company said.
Volt Money partners with PhonePe for loans against mutual funds
Loans against mutual funds are rapidly gaining popularity as a cost-effective alternative to expensive personal and business loans, by offering interest rates that are near to home loans.
B2B fintech startup Vegapay raises $5.5 million from Elevation Capital
Vegapay had raised $1.1 million in its first institutional funding round in 2023 led by Eximius. According to the company, the newly raised fund will be used to enhance Vegapay’s product suite, focusing on product development and regulatory compliance.
This is the shortest flight in the world and it takes just one and a half minutes
A flight between two Scottish islands holds the record for being the shortest-operated flight. The actual flying time is less than one minute.
Is it a good idea for laid off H-1B workers to switch to a US tourist visa, and back again?
When laid-off H-1B workers consider transitioning to B-1/B-2 visitor status for job searching, they gain valuable time and a streamlined process back to H-1B, endorsed by USCIS. This strategic move offers a safety net and opportunity for a successful career transition in the U.S.
Delhivery partners with SUGAR Cosmetics for pan-India B2B logistic operations
Delhivery has partnered with SUGAR Cosmetics to manage its B2B logistics operations in India. The company will use Delhivery's extensive networks, technology-driven solutions, and express Part Truck Load (PTL) services to ensure faster delivery of B2B consignments. SUGAR Cosmetics, India's third-largest colour cosmetics brand, will benefit from Delhivery's express PTL service for quick stock replenishment.
3 Body Problem Season 2 confirmed: Will it be the final season?
Fans of the highly praised Netflix series "3-Body Problem" can celebrate as the streaming service confirms the renewal of the show for a second season.
Premier Roadlines shares list at 30% premium over issue price
Premier Roadlines shares list at 30% premium on the NSE SME platform, debuting at Rs 87. The oversubscribed IPO offers logistics solutions to B2B customers. Hem Securities lead managed the IPO with a focus on vehicle purchase, working capital, and general corporate purposes.
India's coal import rises 8% to 268 MT in FY24
India's coal import surged by 7.7% to 268.24 MT in FY24, driven by lower seaborne prices and anticipated rise in power demand during summer. March FY24 saw an increase to 23.96 MT. Non-coking coal import was 15.33 MT, while coking coal import stood at 5.34 MT. Domestic coal production in FY24 grew by 11.65% to 997.25 MT.
Asian Paints sees rural trends improving; headwinds in Nepal & Egypt to impact near-term performance
Asian Paints anticipates a surge in rural market demand in the first quarter of the current financial year. While expecting B2B growth in the second quarter post-elections, it eyes robust expansion in government and infrastructure sectors. However, geopolitical concerns and macroeconomic challenges in Nepal and Egypt may affect near-term performance.
Bank of Baroda shares rise over 3% after RBI lifts ban on adding customers on its mobile application
Bank of Baroda Share Price: Government-owned BoB told stock exchanges that the RBI, in a letter dated May 8, conveyed the decision to lift the restrictions on 'BoB World' with immediate effect.
RBI lifts restrictions on Bank of Baroda's 'BoB World' mobile app, allows onboarding customers
The Reserve Bank of India (RBI) has lifted restrictions on Bank of Baroda's BoB World app, allowing the bank to onboard customers through the application immediately.
RBI now lifts curbs on BoB World App
Government-owned BoB told stock exchanges that the RBI, in a letter dated May 8, conveyed the decision to lift the restrictions on 'BoB World' with immediate effect.
Blue Star has a very balanced growth in both B2B and B2C segments; Jan-July overall market growth to be 30-35%: Vir Advani
Blue Star's Vir Advani discusses strong Q4 performance, market growth outlook, revenue milestones, and technological advancements. Anticipates continued demand revival, capacity expansion, and industry growth with a focus on innovation and efficiency improvements.
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