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Indian startups raise over $462 million in strong funding week

New Delhi, March 15: The Indian startup ecosystem witnessed a strong surge in funding this week, with 19 startups collectively raising approximately $462.27 million.

US Senate averts government shutdown, passes funding bill with Democrats' support

Washington DC, March 15: The United States Senate passed a bill on Friday (local time) to fund the government through September 30, narrowly avoiding a shutdown just hours before the deadline, CNN reported.

Budget 2025-26: TN allocates funds in major push to education amid row with Centre

Chennai, March 14: Tamil Nadu Finance Minister Thangam Thenarasu has announced that the state government will allocate funds from its own resources to compensate for the Rs 2,152 crore withheld by the central government under the Samagra Shiksha Scheme.

Trump ambassador nominee to Japan says Tokyo will have to pay more to host US forces

Tokyo March 14: United States President Donald Trump's nominee for the country's next Ambassador to Tokyo, George Glass, has said that Washington will "undoubtedly" need to press Japan to contribute more money to host the US forces in the region.

TN govt drops rupee symbol from budget amid language dispute with Centre

Chennai, March 13: Amid its spat with the Centre over the National Education Policy (NEP) and other issues, the DMK-led Tamil Nadu government has decided to remove the official rupee symbol from the state's Budget 2025-26, replacing it with the Tamil script equivalent.

Raj LoP slams state govt for spending Rs 100 cr on IIFA, ignoring temples

Jaipur, March 12: During the discussion on the Appropriation Bill in the Assembly on Wednesday, Leader of Opposition Tika Ram Jully questioned the state government over its expenditure on the International Indian Film Academy (IIFA) Awards.

India's venture capital funding surged 43 pc to $13.7 billion in 2024

New Delhi, March 11: India's venture capital (VC) ecosystem demonstrated a strong recovery in 2024, with total funding reaching $13.7 billion, reflecting a 43 per cent increase compared to 2023, according to a report by global consultancy Bain & Company released on Tuesday.

Key donors' aid cuts catastrophic to humanitarian efforts in Sudan, UN warns

Khartoum, March 10: The United Nations (UN) warned on Monday of a catastrophic decline in global funding for Sudan, which is enduring a humanitarian crisis amid ongoing conflict.

YSRCP calls for protests on March 12 over NDA government's 'failures'

Amaravati, March 9: The YSR Congress Party has called for protests across Andhra Pradesh on March 12 to highlight the NDA state government's failures in addressing the problems of the youth and students.

Startup founders' salaries drop over 25 pc in India in FY24: Report

New Delhi, March 9: The salaries of startup founders in India saw a significant decline in the financial year 2023-24 (FY24) as the average salary of 54 founders from 30 Indian tech startups fell by 25.4 per cent to Rs 5.44 crore from Rs 7.3 crore in the previous year.

Telangana CM cries foul over Central funds, BJP says pressure of fulfilling guarantees

Hyderabad, March 9: As the pressure to fulfil election promises continued to build on the Congress government in Telenagana, its tussle with the Centre over fund allocations and disbursal has also increased.

'Fisheries Startup Grand Challenge 2.0' to support 10 startups with Rs 1 crore funding

Hyderabad, March 8: The 'Fisheries Startup Grand Challenge 2.0' will support 10 winning startups in manufacturing and related areas with Rs 1 crore in funding, it was announced here on Saturday.

30 startups secure over $355 million in funding this week, up 335 pc

New Delhi, March 8: At least 30 startups secured more than $355 million this week, which included three growth-stage and 20 early-stage deals.

Indian corporates need Rs 120 lakh cr debt by FY30 for Capex and working capital: Crisil

New Delhi, March 8: The corporate in India will need to raise about Rs 115-125 lakh crore in debt between FY26 and FY30 to fund capital expenditure (capex), working capital, and the financing needs of non-banking financial companies (NBFCs), according to a report by Crisil.

Phi Commerce's losses triple in FY24 as expenses surge by 137 pc

Mumbai, March 7: Phi Commerce, a SaaS-based omnichannel payment solutions provider, saw its losses surge threefold in the fiscal year ending March 2024 (FY24) to Rs 28.9 crore as compared to Rs 9.4 crore in the previous fiscal year (FY23).

Over half of women entrepreneurs in India rely on personal savings to fund their businesses: Survey

New Delhi, March 7: More than half of India's small business owners that are females are using their personal savings to fuel their businesses, highlighting their financial independence and self-reliance, according to a recent survey conducted by NeoINSIGHTS.

Uttarakhand CM Dhami approves funds for road improvement projects, key infra developments in state

Dehradun, March 4: Uttarakhand Chief Minister Pushkar Singh Dhami on Tuesday approved significant financial allocations for infrastructure development and public welfare projects across the state for the year 2024-25.

Indian startups raise over Rs 13,800 crore in Feb, AI funding grows

New Delhi, March 4: Indian startups raised a total of nearly Rs 13,800 crore ($1.65 billion) in February this year, a 19.5 per cent increase from nearly Rs 11,460 crore ($1.38 billion) in January, according to a new report.

Israeli hi-tech's Venture Capital fundraising down to lowest in decade: report

Jerusalem, March 3: Israeli hi-tech Venture Capital (VC) funds raised 1.15 billion US dollars in 2024, down by 40.1 per cent year-on-year and the lowest since 2015, according to an annual investors' report on Monday.

India sees significant surge in PE-VC investments for startups in Jan-Feb

New Delhi, March 3: The Growth-PE stage companies in India have witnessed private equity-venture capital (PE-VC) investments reaching nearly $1.1 billion in the first two months this year, according to a new report.

21 Indian startups raise over $105 million in funding this week

New Delhi, March 1: About 21 Indian startups collectively raised approximately $105.87 million this week, with securing funding across different stages.

Telangana CM urges Union Minister Kishan Reddy to secure funds from Centre for pending projects

Hyderabad, March 1: Telangana Chief Minister Revanth Reddy has written a letter to Union Minister for Coal and Mines G. Kishan Reddy, urging him to secure the release of Rs 1,63,559.31 crore for pending projects in the state.

Government asking temple for money to fund govt scheme: Alleges Himachal Pradesh LoP Jairam Thakur

Shimla, February 28: Himachal Pradesh Assembly Leader of Opposition (LoP) Jairam Thakur on Thursday accused the Himachal government of asking money from state government-run temples to finance the Sukh Ashray scheme.

India clocks 9.9 pc global share of VC deals for startups in January, pips China

New Delhi, Feb 27: In a remarkable feat, the venture capital (VC) funding landscape for startups in India surged by 69.7 per cent (year-on-year) to $883.2 million (by value) in January, according to a new report.

Startup booster: Wipro commits $200 mn to VC arm Wipro Ventures

Bengaluru, Feb 26: IT major Wipro on Wednesday announced to commit $200 million to its venture arm, Wipro Ventures, in its latest round of funding.

Sports ministry forms committee to revise norms for financial assistance to NSFs

New Delhi, Feb 26: The Sports Ministry has formed a six-member committee to revise the norms for providing financial assistance to the National Sports Federations (NSFs), keeping in mind India's aspiration to host the 2036 Olympic Games.

DPIIT and Paytm join hands to boost fintech and manufacturing startups in India

New Delhi, February 26: The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Paytm (One97 Communications Limited) to foster innovation and accelerate the growth of fintech and manufacturing startups in India.

Govt committed to fostering business climate, enhancing Ease of Doing Business: Piyush Goyal

New Delhi, February 25: The Government is committed to creating a favourable investment climate, ensuring regulatory stability, and enhancing the Ease of Doing Business (EoDB) in India, Union Minister of Commerce and Industry Piyush Goyal said on Tuesday.

Cleantech startup Recykal's losses surge 31 pc, revenue drops over 4 pc

Mumbai, Feb 25: Recykal, a B2B waste management marketplace run by its Founder and CEO Abhay Deshpande, has reported a decline in revenue and a significant rise in losses in the financial year 2024 (FY24).

Israel Imposes New Sanctions on 'Pay for Slay' Recipients, Seizes Terror-Linked Funds

Tel Aviv, February 25: Defence Minister Israel Katz announced new sanctions on Tuesday targeting security prisoners and their families who are Israeli citizens and residents receiving "pay for slay" payouts from the Palestinian Authority.

USAID did not use government channel to finance political projects in Bangladesh, official says

Dhaka, February 25: USAID had avoided normal government official channel to finance USD 29 million to implement a controversial project to strengthen political landscape in Bangladesh, a senior government NGO Affairs official said.

Mizoram CM seeks special funding from finance panel given state's difficult terrain, natural disasters

Aizawl, Feb 24: Mizoram Chief Minister Lalduhoma on Monday urged the 16th Finance Commission to provide special financial consideration for his state given its difficult terrain, frequent natural disasters like floods and landslides, water scarcity and other problems.

Fight over USAID funding: Cong claims 7 projects got grant, BJP calls it 'theatrics to hide beneficiaries'

New Delhi, Feb 24: The raging row over USAID funding to India for 'voter turnout' has kicked up a political storm, with Congress and BJP taking turns to potshots at each other over the 'beneficiaries'. Congress called it another 'jumla' to mislead and misguide the nation while BJP has snapped back, accusing the former of colluding with foreign forces to conspire against country.

Banks to play key role in attaining $350 billion target for Indian textile sector

Mumbai, Feb 24: Banks should play an important role in meeting the credit needs of textile sector, which supports 5.4 crore jobs and whose market size is targeted to grow from $172 billion to $350 billion by 2030, Textile Commissioner Roop Rashi has said.

India leads global IPO activity in 2024, raises over $19 billion

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