Exfinity Venture Leads Zyla Health’s $4M Funding Round: A New Era in Indian Health-Tech
Zyla Health, a dynamic health-tech startup based in Gurgaon, India, has successfully secured $4 million in its Series A funding round. This significant investment, led by Exfinity Venture Partners, marks a crucial milestone in Zyla’s mission to transform healthcare delivery in India.
India-UK Financial Relations Reach New Heights with RBI and BoE MoU
: A significant aspect of the MoU is enabling the BoE to assess CCIL for recognition as a third-country Central Counterparty (CCP). This recognition is essential for UK-based banks to clear transactions through CCIL, indicating the MoU’s direct impact on facilitating financial transactions between the two countries.
Game Changers: PhonePe’s Indus Appstore Welcomes Top Developers like MPL and Dream11
This collaboration, announced on November 30, includes other notable game developers such as A23, RummyCulture, Junglee Rummy, Taj Rummy, Rummy Passion, RummyTime, and CardBaazi.
Corporate Transparency Boost: SEBI Extends Norms Implementation to 2024
The new deadline for implementation is April 01, 2024. This circular also rescinds the Master Circular on the redressal of investor grievances through the SCORES platform, effective from the same date.
Modi Launches Green Credits: A New Era of Eco-Recovery on Degraded Lands
The Green Credit Program was officially notified on October 13, 2023, as part of India’s pro-active approach to address climate change and promote eco-conscious practices. It was announced during the COP28 climate talks.
RBI Reports: Over Rs 9,000 Crore in Rs 2,000 Notes Still with Public
Approximately 97.26% of Rs 2,000 banknotes have been returned to the banking system. This leaves about Rs 9,760 crore worth of these notes still with the public.
Revolution in Textiles: India’s Man-Made Fibre Sector Targets $11.4B by 2030
This sector’s expansion is forecasted to result in a 75% surge in exports, rising from approximately $6.5 billion in 2021-2022 to an impressive $11.4 billion by 2030.
EdTech Giant UpGrad: A Closer Look at FY23’s Impressive Revenue Surge
UpGrad’s revenue surged by 96% to Rs 1,194 crore in FY23, up from Rs 608 crore in FY22. This significant growth is attributed to the company’s diverse online programs and commissions from universities, which are the primary sources of its revenue.
The Retail Giant’s New Strategy: Walmart Increases Imports from India
Walmart’s imports from China decreased from 80% in 2018 to 60% between January and August 2023. Conversely, imports from India, which were just 2% in 2018, rose to 25% during the same period in 2023.
BCCI’s Legal Play: Seeking 160 Crore from Byju’s in Sponsorship Row
This move by BCCI aims to recover dues amounting to approximately Rs 160 crore, which have reportedly been outstanding since the expiry of their sponsorship contract. This contract, initially established in 2019, involved Byju’s as the official jersey sponsor of the Indian cricket team, following the departure of the previous sponsor, OPPO.