IIFL Home Finance has secured $100 million (approximately Rs 858 crore) in financing from the Asian Infrastructure Investment Bank (AIIB) to expand access to affordable housing loans and promote green building standards, the company said in a release on Saturday.The funds will be used to support home loans for families from economically weaker sections (EWS)…
Sri Lankan exporters have expressed concern over a proposed 30 per cent tariff on goods entering the US, warning that the hike could severely impact key export sectors including apparel and rubber products.The Exporters Association of Sri Lanka (EASL) on Friday urged the government to step up negotiations with Washington ahead of the August 1…
The impact of artificial intelligence (AI) on jobs is “inevitable”, according to Paytm founder Vijay Shekhar Sharma, who said AI will become part of routine business processes sooner rather than later. “Sooner or later we will have to start using AI as an employee or even as a CFO,” Sharma said at an AI-focused event…
VinFast Auto India, the domestic arm of Vietnam-based electric vehicle manufacturer VinFast, on Saturday announced that it has signed agreements with 13 dealer groups to open 32 dealerships across 27 cities. The company aims to expand this footprint to 35 dealerships by the end of 2025, according to a statement.The move is part of VinFast’s…
European Commission President Ursula von der Leyen and Mexican officials have both hit back at US President Donald Trump’s latest threat to impose 30% tariffs on their exports starting August 1. While the European Union has reiterated its commitment to negotiations, Mexico has rejected the move outright, calling it “unfair” and unacceptable. Trump made the…
Aditya Birla Group Chairman Kumar Mangalam Birla (ANI) Aditya Birla Group Chairman Kumar Mangalam Birla has joined the Board of Directors of the US-India Strategic Partnership Forum (USISPF) as a member of its Executive Committee, the forum said in a statement on Saturday.The appointment comes weeks after Birla was conferred the Global Leadership Award at…
More than 20,000 bars and permit rooms across Maharashtra will observe a one-day bandh on July 14 to protest what the hospitality sector has called “draconian” tax hikes by the state government, the Indian Hotel and Restaurant Association (AHAR) said on Saturday.The association said the shutdown is aimed at opposing multiple tax increases imposed over…
Vaaree founders (L-R) Pranav Arora, Varun Vohra and Garima Luthra BENGALURU: Bengaluru-based home décor startup Vaaree has raised $4.6 million in a pre-Series A round led by PeerCapital, with participation from other existing investors Surge (Peak XV’s accelerator programme) and All In Capital. New investors Sattva Ventures and the Asian Paints family office also participated…
India will begin domestic production of rare earth magnets in Hyderabad in a bid to reduce reliance on Chinese imports and strengthen its position in critical technology manufacturing, Union Coal and Mines minister G Kishan Reddy said on Saturday.Speaking to ANI, Reddy said the Centre has tasked the National Institute for Transforming Science and Materials…
Consumer goods firms, retailers, e-commerce platforms and logistics companies have increased their recruitment targets by 20-25% compared to the previous year for the upcoming festive period, anticipating robust sales recovery, according to a senior executives and recruitment specialists.The majority of these positions will be filled by temporary and gig workers, with a major e-commerce marketplace…