Category: Business

Online wholesale marketplace Faire said on Thursday it raised $260 million in its latest funding round and is now valued at $7 billion, thanks to the fast growth in e-commerce following the pandemic. Faire helps small retailers connect with small brands, helping them to compete with retail giants like Amazon.com Inc (AMZN.O) or Walmart Inc […]

With the payments major Paytm board reportedly approving a bumper share sale plan running north of Rs 22,000 crore, the IPO market is set for a big days as over a dozen financial services players, including fintechs, are set to mop up over Rs 55,000 crore this fiscal from the market, say investment bankers. With […]

Montenegro, a tiny Balkan state in heavy debt to China, is negotiating to tap hundreds of millions of euros in cheap European Union credit and preparing to sell off state assets to ease its financial dependence on Beijing, senior officials said. Montenegrin indebtedness to China is at the heart of a hot debate about Chinese […]

German trucks maker Traton (8TRA.DE) is in the early stages of exploring a capital increase worth more than 1 billion euros ($1.2 billion) as its takeover of U.S. peer Navistar (NAV.N) draws to a close, three people close to the matter said. Traton, which has a market capitalisation of about 13.7 billion euros, is contemplating […]

Elon Musk did it again! Bitcoin price climbed above $39,000 after Tesla chief executive had indicated that electric carmaker will resume transaction with cryptocurrency. In a reply to an article which criticises the celebrity CEO for ‘manipulating Bitcoin price’, Musk mentioned Tesla will resume transactions with the cryptocurrency when mining is done with more clean […]

State-run Bank of Maharashtra is looking to raise up to Rs 2,000 crore through qualified institutional placement (QIP) route before July-end, its Managing Director and CEO A S Rajeev said. In April this year, the Pune-based lender had received board approval to raise Rs 5,000 crore by way of QIP/rights issue/ preferential issue or by […]

Copious budget spending in the euro zone is finally generating a sustainable rise in inflation but more flexible fiscal rules will be needed for years as monetary policy remains constrained, European Central Bank policymaker Klaas Knot said on Friday. Governments have spent record amounts over the past year to save their economies from a pandemic-induced […]