RBI reports $136.38 billion forex inflows under special swap facility as of August 31
Foreign exchange inflows under the Reserve Bank of India’s special USD-INR swap facility reached USD 136.38 billion as of August 31, with Foreign Currency Non-Resident…
US stocks today: S&P 500, Dow eye gains as Iran tensions, bond yields and AI trade drive markets
The S&P 500 and Dow Jones were expected to open with modest gains as investors balanced rising tensions between the US and Iran against continued…
Simple Energy targets 20% of EV market, plans 10,000-12,000 monthly output
Electric two-wheeler maker Simple Energy is targeting 20% market share within the next two years as it makes an aggressive push into the mass market…
Record FCNR (B) inflows as banks mobilise $127 bln
Mumbai: Banks have mobilised a whopping $127.22 billion from foreign currency non-resident (bank) FCNR (B) deposits in less than three months till the scheme closed…
India in talks with multiple countries to develop critical minerals for domestic needs: Piyush Goyal
New Delhi [India]: India is in talks with multiple countries, including the US, to forge collaborations and partnerships for processing and developing critical minerals to…
Is the AI boom peaking? Dell and Nvidia results point to stronger demand ahead
Dell and Nvidia are pushing back against the idea that the AI boom is slowing down. Their latest results and, more importantly, their long-term revenue…
AI startup Wonderful valued at $5 billion in latest funding round
Synopsis The round, led by Insight Partners, included participation from Salesforce and existing investors Index Ventures, IVP, Vine Ventures, 9Yards and Bessemer Venture Partners. ETtech(L-R)…
Govt mulls BIS exemption for high-tech companies setting up plants in India
The government is considering a new regulation to exempt companies in high-tech sectors from mandatory Bureau of Indian Standards (BIS) certification for equipment and components…
Can Evan Spiegel Sell the World on $2,195 Smart Glasses?
Snap CEO Evan Spiegel bet big on developing new smartglasses and was ready to show them to the world. Snap CEO Evan Spiegel wore the…
IPO-bound Simple Energy eyes large fundraise to enhance production capacity, supply chain
IPO-bound electric two-wheeler maker Simple Energy is in “works” with a large fundraise to secure funds as it looks more capital for enhancing production capacity…