Fintech funding falls 59% to $795 mn in H1, 2024
The New Indian Express|July 06, 2024
IN the first half of this year (January-June 2024), the fintech sector witnessed a declining trend in funding as they could manage to raise only $795 million, a 59% fall compared to $1.93 billion raised in the same period last year.
UMA KANNAN
Fintech funding falls 59% to $795 mn in H1, 2024

The sector garnered $896.7 million in H2, 2023, according to market intelligence platform Tracxn. In its semi-annual report, the firm said the funding in late-stage rounds stood at $551 million, a 63% decline from $1.5 billion the sector raised in H1, 2023.

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India emerging as largest market for Meta AI usage
The New Indian Express

India emerging as largest market for Meta AI usage

INDIA is becoming the largest market for Meta AI usage, according to Meta CFO Susan Li.

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1 min  |
August 02, 2024
The New Indian Express

Sai Kishore, Ashwin face off in Qualifier 2

FRESH from a thrilling fourwicket victory over Chepauk Super Gillies, Dindigul Dragons possess an edge over iDream Tiruppur Tamizhans when the two sides lock horns in Qualifier 2 of the Tamil Nadu Premier League on Friday evening.

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1 min  |
August 02, 2024
WOMAN BOXER AT HEART OF GENDER ROW WINS BOUT IN 46S
The New Indian Express

WOMAN BOXER AT HEART OF GENDER ROW WINS BOUT IN 46S

IMANE Khelif of Algeria won her opening boxing bout on Thursday when opponent Angela Carini of Italy quit after just 46 seconds.

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2 mins  |
August 02, 2024
SWAPNIL SCRIPTS EPIC SAGA
The New Indian Express

SWAPNIL SCRIPTS EPIC SAGA

AFTER FINISHING FOURTH ON MULTIPLE OCCASIONS IN THE PAST, SHOOTER KUSALE RISES TO THE OCCASION TO WIN INDIA'S THIRD MEDAL AT THE PARIS GAMES ON THURSDAY

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3 mins  |
August 02, 2024
For Nikhat, a loss & an emotional end
The New Indian Express

For Nikhat, a loss & an emotional end

IT was a tale of two losses in Paris that will torment India for a while.

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3 mins  |
August 02, 2024
Portrait of a struggle: Sindhu ousted in pre-quaterfinals
The New Indian Express

Portrait of a struggle: Sindhu ousted in pre-quaterfinals

THE most poignant scene in all of sport is to see a player toiling to stay afloat.

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2 mins  |
August 02, 2024
Zomato profit up 126 times at ₹253 cr; to launch app - ‘District'
The New Indian Express

Zomato profit up 126 times at ₹253 cr; to launch app - ‘District'

FOOD aggregator Zomato on Thursday reported a consolidated net profit of ₹253 crore in the first quarter of the financial year 2024-25.

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1 min  |
August 02, 2024
The New Indian Express

Good JLR sales lift Tata Motors net profit in 1st quarter

ON the back of robust Jaguar Land Rover (JLR) sales, homegrown auto major Tata Motors on Thursday reported a 74% jump in its June quarter (Q1FY25) consolidated profit at ₹5,566 crore as against ₹3,203 crore reported in the same quarter last year.

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1 min  |
August 02, 2024
Top 3 carmakers report decline in July sales
The New Indian Express

Top 3 carmakers report decline in July sales

Even as original equipment manufacturers and showrooms are offering hefty discounts to lure vehicle buyers

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1 min  |
August 02, 2024
AEL to transfer Wilmar stake to shareholders
The New Indian Express

AEL to transfer Wilmar stake to shareholders

PAVING the way for a potential stake sale, Adani Group flagship company - Adani Enterprises (AEL) - will transfer its stake in Adani Wilmar (AWL) to its shareholders.

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1 min  |
August 02, 2024