Representative image Mumbai: Stride Ventures on Wednesday announced that it has raised USD 200 million (about Rs 1,588 crore) for onlending to startups. The USD 200 million commitments for the final closure of the ‘Stride Ventures India Fund II’ came from banks, family offices, corporate treasuries, sovereign funds, private equity funds, insurance firms, and high… Continue reading Venture debt firm Stride Ventures raises USD 200 mn for onlending to startups
Author: Economic Times of India Online News
India microfinance institutions have Rs 33,000 crore of bad loans despite better collections, industry body says
The overall sectoral NPA is around 12% as of the end of June 2022, but NBFC-MFIs as a group have 9% of their Rs 9,7849 crore portfolio as NPA. About 12% of the overall microfinance loans of Rs 2.76 lakh crore have remained non-performing assets (NPA) at the end of June despite improvement in overall… Continue reading India microfinance institutions have Rs 33,000 crore of bad loans despite better collections, industry body says
Elon Musk does it again! Tesla CEO says he was joking about buying Manchester United
Elon Musk Elon Musk, the world’s richest person, tweeted on Wednesday that he was joking when he said that he was going to buy English soccer club Manchester United Plc. “No, this is a long-running joke on Twitter. I’m not buying any sports teams,” Musk said, when asked by a user if he was serious… Continue reading Elon Musk does it again! Tesla CEO says he was joking about buying Manchester United
TN power utility to float tenders for EV charging stations at 100 spots
The Tamil Nadu electrical policy 2019 envisages a charging station every 25 km in the highways and roads and these charging stations must be located at a distance of three km from the electrical substations. Chennai: The Tamil Nadu Generation and distribution company (Tangedco) is to float a tender for electric vehicle (EV) charging units… Continue reading TN power utility to float tenders for EV charging stations at 100 spots
Why India@100 will lead tech innovation for the entire world
The immense, untapped talent potential of the country is another factor that is expected to help India leapfrog other countries in tech domains in the next few decades. For decades, it has almost been a joke that Indian parents only want their children to be either engineers or doctors. But the parents’ proclivity is today… Continue reading Why India@100 will lead tech innovation for the entire world
Install high security number plates on vehicles or face action: Srinagar Police
The transport authorities and police had issued a similar warning in June this year, asking people to install high security registration plates (HSRP) by 15th of that month. Srinagar: Police here on Wednesday asked people to install high security number plates (HSNP) on their vehicles after investigations revealed that terrorists were using such vehicles for… Continue reading Install high security number plates on vehicles or face action: Srinagar Police
Input cost push to dampen EV demand; CNG, LPG-fuelled vehicle sales to grow: Report
The switchover to EV in the car segment will continue to be hampered by relatively much higher car prices (as against comparable prices of EV and ICE vehicles in the two-wheeler segment), as well as the lack of charging infrastructure which is yet to be ramped up on a pan-India basis. New Delhi: Electric vehicle… Continue reading Input cost push to dampen EV demand; CNG, LPG-fuelled vehicle sales to grow: Report
Inflation: Things might get "better" towards Sept-end, says SBI Chairman
Dinesh Khara (File Photo) Bengaluru: State Bank of India’s (SBI) Chairman Dinesh Khara on Tuesday said that things might get “better” on the inflation front towards the end of September. He said the supply side constraints getting addressed and crude oil prices trending low will help ease the situation. “Inflation…the recent numbers which came out… Continue reading Inflation: Things might get "better" towards Sept-end, says SBI Chairman
India begins work on long-term plan to achieve net zero target by 2070
Even as India is set to communicate its updated 2030 climate targets or nationally determined contributions (NDCs), it has begun work on the long-term action plan to achieve net zero target by 2070, as announced by Prime Minister Narendra Modi at the last year’s Glasgow climate conference. India is actively working on formulating Long-Term Low… Continue reading India begins work on long-term plan to achieve net zero target by 2070
Ola to expand Tamil Nadu future factory into EV hub
The expansions will require “multi billion dollar investments” though Aggarwal did not reveal the exact figures. CHENNAI: Ola Electric has announced mega plans to scale up its business with a foray into electric cars, introducing new e-two wheeler models and scaling up lithium ion cell manufacturing. The company has announced its target to introduce the… Continue reading Ola to expand Tamil Nadu future factory into EV hub