The executive education platform XED has decided to withdraw its proposed $12 million initial public offering (IPO) at India’s International Financial Services Centre (IFSC) in GIFT City. The move comes amid a challenging global macroeconomic environment and subdued investor participation, underscoring the sensitivity of capital markets to geopolitical…
Cupid Limited has witnessed a notable development on both ownership and operational fronts, as its promoter and Chairman, Aditya Kumar Halwasiya, increased his stake in the company while the firm simultaneously reported a strong quarterly performance. The dual developments signal confidence from the leadership and highlight the company’s…
self-employed individuals. The funding round, led by Accel with participation from Lightspeed, Info Edge Ventures, and existing investors, highlights increasing investor confidence in platforms that combine savings, credit, and investment solutions through technology-driven innovation. Funding Overview and Strategic Direction The $12 million capital infusion is expected to accelerate…
Bharat Heavy Electricals Limited (BHEL), one of India’s leading engineering and manufacturing enterprises, has received a significant regulatory relaxation that is expected to streamline its procurement processes and support timely execution of large-scale infrastructure and power projects. The development comes amid evolving procurement norms and strategic supply chain…
OpenFX Secures $94 Million Funding at $500 Million Valuation to Accelerate Global Payments Expansion
The global payments landscape is undergoing rapid transformation, driven by the increasing demand for faster, more efficient, and cost-effective cross-border transaction solutions. In this evolving environment, fintech infrastructure companies are gaining significant traction among investors. One such emerging player, OpenFX, has recently raised $94 million in a new…
India’s microfinance sector continues to witness significant transformation, with rising investor interest, expanding financial inclusion, and growing institutional participation shaping its trajectory. In line with these developments, Svatantra Microfin Private Limited—promoted by entrepreneur Ananya Birla—is actively progressing toward a public listing. The company is reportedly preparing to launch…
India’s enterprise artificial intelligence (AI) ecosystem continues to gain momentum, with increasing adoption of automation technologies across industries. In this evolving landscape, Bengaluru-based Gnani.ai has secured $10 million in fresh funding, reinforcing its position as a key player in voice-driven AI solutions. The investment round, led by Aavishkaar…
Texmaco Rail & Engineering Limited has received a new railway infrastructure order aimed at enhancing signalling reliability and operational efficiency across key stations in the North Central Railway zone. Order Overview The contract, valued at ₹22.91 crore (excluding taxes), has been awarded by North Central Railway. The project…
Info Edge (India) Limited has announced a series of capital allocation decisions, reflecting a structured approach toward portfolio optimisation and long-term value creation through technology-led investments. ₹250 Crore Commitment to Deeptech AIF The company has approved an investment of up to ₹250 crore in A88 Fund I, a…
HEG Limited has come under investor focus following a sharp upward revision in graphite electrode prices by global player GrafTech International. The price increase is being viewed as a potential turning point for the industry after a prolonged period of weak pricing. GrafTech Announces Significant Price Hike GrafTech…
