Banking

Porter’s 10-Year Grind: From Intracity To An INR 2.8K Cr Pan-India Logistics Business

SUMMARY Porter was among the first movers in the hyperlocal logistics tech wave, and now, the startup is banking on the last-mile logistics boom fuelled...

How Snitch Stitched An INR 500 Cr Revenue Run In 5 Years

SUMMARY Founded in 2019, Snitch is a men-focussed fast-fashion brand that offers a wide range of apparel, including shirts, jackets, hoodies, co-ords, sweaters, and innerwear The...

Zee Invests In Content Startup Bullet To Enter Microdrama Universe

SUMMARY Zee Entertainment is investing in content startup Bullet to enter the 60-second drama content space The media giant said that Bullet has developed India's first...

Sitharaman asks banks to ensure round-the-clock firewalling, prioritise cash in ATMs in review meet on cybersecurity

Phishing attempts are being closely monitored and bank employees have received internal alerts to boost cyber awareness, banks said. Amid escalating security concerns along India’s...

Saudi Arabia leads 106% rise in MENA IPO proceeds across Q1: EY

RIYADH: Proceeds from initial public offerings across the Middle East and North Africa saw a 106 percent annual rise in the first quarter of...

Saudi Arabia’s PIF starts selling 7-year sukuk, document shows 

RIYADH: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, has begun accepting bids for the sale of benchmark-sized, dollar-denominated 7-year Islamic bonds, or...

Top financial changes in May: ATM fees up, home loan rates down and ITR filing tips

Key money changes in May: Some private banks might announce rate cuts on home loans for existing and new borrowers. Also, banks are hiking...

What small taxpayers must know about TDS and contract payments to stay penalty-free

Small taxpayers must carefully follow TDS rules on rent and contract payments to avoid late fees, interest, and disallowance of expenses.Tax Deducted at Source...

Saudi banks weathering external debt surge amid Vision 2030 push: S&P report

RIYADH: Saudi Arabia’s banking sector is set to absorb a rise in external debt, driven by increasing financing demands under the Kingdom’s Vision 2030...

Direct tax mop up for 2024-25 fiscal misses target owing to higher refunds

The government set a target of Rs 22,07,000 crore for the direct tax administration as per the budget receipt of July 2024 and revised...

Saudi Arabia proposes lower bank guarantee requirements for finance licenses 

RIYADH: Saudi Arabia is considering steps to lower the bank guarantee requirements for financial companies seeking licenses, part of efforts to bolster the Kingdom’s financial sector.  In...

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Porter’s 10-Year Grind: From Intracity To An INR 2.8K Cr Pan-India Logistics Business

SUMMARY Porter was among the first movers in the hyperlocal...

How Snitch Stitched An INR 500 Cr Revenue Run In 5 Years

SUMMARY Founded in 2019, Snitch is a men-focussed fast-fashion brand...

Zee Invests In Content Startup Bullet To Enter Microdrama Universe

SUMMARY Zee Entertainment is investing in content startup Bullet to...

Non-oil sector drives Saudi Arabia’s GDP growth to 3.4% in Q1: GASTAT 

Wholesale and retail trade, restaurants, and hotels lead at...

This startup aims to replace Rs 4,000/month AI tools with AI agents you can hire like freelancers

In the last two years, artificial intelligence has become...