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Khari Foods has successfully raised ₹3 crore in a seed funding round aimed at expanding its healthy snacking offerings across India. This investment will support the company's growth strategy and enhance its market presence in the burgeoning health-conscious consumer segment.
Infosys has established a new development center in Gift City, designed to accommodate 1,000 employees. This expansion reflects the company's commitment to enhancing its operational capabilities and contributing to the growth of the region's tech ecosystem.
7 Fin Digital Lending has launched its services in Surat, offering credit cards and loans with approval times as quick as 30 minutes. This initiative aims to enhance access to financial products for consumers in the region, streamlining the lending process significantly.
The Reserve Bank of India has cut the repo rate by 50 basis points to 5.50%, marking its third consecutive reduction in 2025, while also lowering the Cash Reserve Ratio from 4% to 3%. This shift to a 'Neutral' stance reflects a focus on stimulating growth amid low inflation, with expectations of increased borrowing and investment activity. Market experts believe these measures will enhance credit flow and consumer sentiment, setting the stage for stronger economic momentum.
EasyMyTrip has introduced 'EMT Invest', a new initiative aimed at supporting profitable businesses to scale their operations. This move reflects the company's commitment to fostering growth and innovation within the entrepreneurial landscape.
Ecom Express has entered a distress deal with Delhivery, resulting in significant losses for minority shareholders. This development raises concerns about the implications for investor confidence and the overall financial health of the company.
CG Power's plans for chip production have been significantly impacted by disruptions at Wolfspeed, a key wafer supplier. This turmoil raises concerns about the future of CG Power's chip initiatives and their ability to navigate the challenges posed by the semiconductor supply chain.
Wipro Consumer Care has made a strategic move into the pet food market by investing in Goofy Tails. This investment marks a significant expansion for Wipro into the growing pet care sector, highlighting their commitment to diversifying their product offerings.
The RBI Governor has issued a warning about the risks cryptocurrencies pose to financial stability, prompting several crypto firms to exit the Indian market. Notable platforms such as OKX, Pillow, Flint, and WeTrade have ceased operations, while Bybit temporarily halted services for Indian users. Additionally, CoinDCX's CTO, Vivek Gupta, has stepped down after five years with the company.
Lenskart has transitioned to a public company as it gears up for a $1 billion initial public offering (IPO). This strategic move marks a significant milestone for the eyewear retailer, positioning it for growth in the competitive market.
IND
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
khari foods secures 3 crore funding to enhance healthy snacking in india
16:35 07.06.2025
Infosys establishes development center in Gift City for 1000 employees
16:18 07.06.2025
7 Fin Digital Lending introduces instant credit cards and loans in Surat
16:08 07.06.2025
RBI cuts repo rate to boost economic growth amid low inflation
14:07 07.06.2025
EasyMyTrip introduces EMT Invest to support scalable profitable businesses
13:50 07.06.2025
Ecom Express Delhivery deal results in losses for minority shareholders
13:35 07.06.2025
turmoil at wolfspeed disrupts cg power's chip development plans
12:52 07.06.2025
Wipro Consumer Care invests in Goofy Tails to enter pet food market
12:48 07.06.2025
RBI governor highlights risks of cryptocurrencies to financial stability in India
12:30 07.06.2025
Lenskart transitions to public company ahead of one billion dollar IPO
11:58 07.06.2025
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