Leading global venture capital firm Accel on Thursday announced the launch of Accel Atoms 4.0, the fourth edition of its pre-seed scaling programme. Selected startups will receive up to $1 million in funding through equity or convertible note, and access perks worth more than $5 million from Accel’s network partners. Building on the success of … Read more
Chief Minister Mohan Yadav said on Wednesday that the Madhya Pradesh government has signed a Memorandum of Understanding (MoU) with the National Dairy Development Board (NDDB), aimed at increasing the milk production in the state. CM Yadav made this announcement after a meeting with Union Home Minister Amit Shah, who also holds the portfolio of … Read more
Gold prices edged higher on Thursday, with traders focusing on the upcoming U.S. economic data that may offer further insights into an expected reduction in the Federal Reserve's interest rate next week. Spot gold was up 0.2% at $2,515.59 per ounce, as of 0353 GMT. U.S. gold futures were steady at $2,543.40. "Gold will likely … Read more
As the three-day Semicon India 2024 event kicked off in Greater Noida on Wednesday, entrepreneurs and traders were a happy lot as they got to showcase their products and also a chance to connect with respective global business partners. Many traders at the exhibition welcomed the first-of-its-kind initiative by Prime Minister Narendra Modi-led government and … Read more
Reiterating the $1 trillion merchandise and $1 trillion services export target for 2030, Union Commerce Minister Piyush Goyal said on Wednesday that the target can be achieved with the new ‘Trade Connect e-Platform.’ The platform is a single window initiative that is fast, accessible and transformational as it will enable exporters to add newer markets. … Read more
Union Minister of State for Commerce and Industry, Jitin Prasada, on Wednesday credited Prime Minister Narendra Modi for hosting the three-day 'Semicon India 2024' at Greater Noida, saying India will soon become the world’s third largest economy due to its semiconductor technology. “It is due to the resolve and vision of the Prime Minister that … Read more
The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week. Meanwhile, a quarter-point rate reduction from the European Central Bank (ECB) is widely expected later on Thursday, with investors anxious … Read more
Oil prices were flat on Thursday as concerns about lower demand erased the gains from the previous session spurred by Hurricane's Francine's impact on output in the U.S., the world's biggest crude producer. Brent crude futures for November were up 24 cents, or 0.34% at $70.86 a barrel. U.S. crude futures for October were up … Read more
Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street, while the dollar held onto gains after U.S. core inflation surprised slightly on the upside and dashed hopes of a large rate cut by the Federal Reserve next week. Investors are now awaiting a policy decision from the European Central Bank later in … Read more
Indian shares are set to open higher on Thursday on expectations of a rise in foreign inflows into domestic equities after U.S. inflation data firmed bets of a 25 basis point Federal Reserve rate cut. The GIFT Nifty was at 25,076 points, as of 08:20 a.m. IST, indicating the NSE Nifty 50 will open above … Read more
