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Shadowfax Gets SEBI Nod for ₹2,500 Crore IPO

Shadowfax, a leading Indian logistics and delivery platform, announced on October 20th that it has received approval from the Securities and Exchange

Shadowfax, a leading Indian logistics and delivery platform, announced on October 20th that it has received approval from the Securities and Exchange Board of India SEBI to proceed with its Initial Public Offering IPO. The IPO is expected to raise approximately ₹2,500 crore, positioning the company to capitalize on the booming quickcommerce and lastmile delivery sectors. The funds will be primarily used for capital expenditure, technology upgrades, and scaling the companys network infrastructure. This marks a major milestone for the logistics sector as it continues to attract significant public market investment. Read More..

B2B Tech News | 4 months ago        

Foreign Investors Plan ₹50,000 Cr. Investment in Indian Finance and Banking.

Commerce and Industry Minister Piyush Goyal announced that foreign investors have recently planned to invest over ₹50,000 crore in Indias finance an

Commerce and Industry Minister Piyush Goyal announced that foreign investors have recently planned to invest over ₹50,000 crore in Indias finance and banking sectors. He described India as an "oasis for investments" amidst prevailing global headwinds, stressing the country is emerging as a preferred investment destination. Goyal highlighted that Foreign Direct Investment FDI continues to flow robustly, a surge which underscores the growing attractiveness of the Indian economy to global investors. Government data supports this, showing that FDI in India rose by 15% to USD 18.62 billion during April–June this fiscal year, with the inflow from the US nearly tripling to USD 5.61 billion in the quarter. Read More..

B2B Tech News | 4 months ago        

Indian Stock Markets to Close for Diwali on October 21 Muhurat Trading Scheduled

The Bombay Stock Exchange BSE and the National Stock Exchange NSE announced on October 19th that markets will remain closed on October 21st for Diwali

The Bombay Stock Exchange BSE and the National Stock Exchange NSE announced on October 19th that markets will remain closed on October 21st for Diwali Lakshmi Puja, and again on October 22nd for Balipratipada. However, a special Muhurat Trading session—a symbolic onehour window—will be held on Tuesday, October 21st, from 145 pm to 245 pm. This traditional session marks the start of the Hindu New Year, Samvat 2082. Despite the holidays, the Indian market closed the preceding week on a high note, driven by strong festive sentiment and positive corporate earnings momentum. Read More..

B2B Tech News | 4 months ago        

Africa Finance Corporation AFC Report Highlights $100 Billion Annual Infrastructure Financing Gap

The Africa Finance Corporation AFC released its State of Africas Infrastructure Report on October 16th, which starkly highlights an annual infrastruct

The Africa Finance Corporation AFC released its State of Africas Infrastructure Report on October 16th, which starkly highlights an annual infrastructure financing gap exceeding $100 billion. The report stressed that to achieve continental ambitions like the African Continental Free Trade Area AfCFTA, African nations must urgently mobilize domestic capital. It specifically points to the vast pool of over $70 billion in African pension and sovereign wealth funds available annually, advocating for new publicprivate cooperation models to unlock these resources for longterm investments in energy, transport, and digital backbones. Read More..

B2B Tech News | 4 months ago        

US Markets Decline for Second Day as Government Shutdown and Trade Fears Persist

US markets continued their decline on October 17th, with major indices falling amidst the persistent US government shutdown and heightened USChina tra

US markets continued their decline on October 17th, with major indices falling amidst the persistent US government shutdown and heightened USChina trade tensions. The ongoing political and fiscal uncertainty is driving a riskoff sentiment globally. Reflecting this, Foreign Institutional Investors FIIs were reported as net sellers in the Indian stock market for the day, confirming that global capital is moving to safety. The lack of resolution on key policy issues is forcing investors to remain cautious, contributing to continued volatility across major international and emerging markets. Read More..

B2B Tech News | 4 months ago        

Infosys Q2 Profit Jumps 13% YoY Wipro Misses Street Estimates with 1.2% PAT Rise

The Indian IT sector reported mixed results on October 17th. Infosys announced a strong performance with a 13% yearonyear jump in net profit, driven b

The Indian IT sector reported mixed results on October 17th. Infosys announced a strong performance with a 13% yearonyear jump in net profit, driven by large deal wins and cost efficiencies. Conversely, Wipro reported a tepid 1.2% risein consolidated Profit After Tax PAT, missing street estimates due to softer revenue growth and continued headwinds in the consulting business. The contrasting results underscore a bifurcated market where companies with robust digital and AI service offerings are outpacing those heavily reliant on legacy transformation projects, guiding investor sentiment for the remainder of the earnings season. Read More..

B2B Tech News | 4 months ago        

Bank of America Q3 Revenue Climbs 3%, Net Interest Income Tops Expectations

Bank of America BofA released its thirdquarter earnings on October 17th, reporting a solid performance with total revenue climbing 3% yearoveryear. Th

Bank of America BofA released its thirdquarter earnings on October 17th, reporting a solid performance with total revenue climbing 3% yearoveryear. The bank reported that Net Interest Income NII exceeded analysts expectations, driven by higher interest rates and growth in average loan balances, particularly in the consumer segment. CEO Brian Moynihan highlighted the bank’s strong deposit base and robust trading results. The positive results from BofA, following those of its peers, affirm the resilience and operational efficiency of the major US financial institutions despite a cautious outlook on global economic growth. Read More..

B2B Tech News | 4 months ago        

JPMorgan Chase Reports Strong Q3 2025 Earnings $14.4 Billion Net Income

JPMorgan Chase reported its thirdquarter 2025 earnings on October 17th, with net income reaching $14.4 billion and delivering a strong 20% Return on T

JPMorgan Chase reported its thirdquarter 2025 earnings on October 17th, with net income reaching $14.4 billion and delivering a strong 20% Return on Tangible Common Equity ROTCE. Chairman and CEO Jamie Dimon cited strong results despite geopolitical and market volatility. The bank saw average loans increase by 7% yearoveryear, driven by growth in Card Services and wholesale lending. Revenue was robust, with noninterest revenue up 16%, largely due to higher asset management and investment banking fees. The results demonstrate the financial strength and stability of major US banks amidst a challenging global economic backdrop. Read More..

B2B Tech News | 4 months ago        



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