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HSBC puts some bankers on short-term retention amid overhaul

AIMPWAMarch 13, 2025

HSBC Holdings Plc is placing some of its investment bankers on short-term retention agreements as it winds down various businesses in a broad overhaul led by new Chief Executive Officer Georges Elhedery, according to people familiar with the matter. In some cases, the bankers are on three- to six-month work arrangements to finish client mandates...

PhonePe clocks 600 million registered users on digital platforms

AIMPWAMarch 13, 2025

IPO-bound fintech major PhonePe has clocked 600 million registered users. The company has added over 100 million users in the past 16 months when it had announced that the firm had crossed over 500 million registered users on the platform. Sameer Nigam, Co-founder & CEO, PhonePe, said, “Reaching 60 crore registered users is a...

Goel assumes charge as Chief Executive of IBA

AIMPWAMarch 13, 2025

The Indian Banks’ Association (IBA) said Atul Kumar Goel has assumed charge as Chief Executive (CE) of the Association. Goel was MD and CEO of Punjab National Bank (PNB) from February 2022 to December 2024. He was Chairman of IBA for two terms – 2021-22 and 2022-23. His predecessor at IBA, Sunil Mehta, too was...

RBI net sold over $36 billion during June-Dec of FY25 to support rupee

AIMPWAMarch 13, 2025

Reserve Bank of India (RBI) was the net seller of over $36 billion between June and December to support the Indian Rupee, showed government’s written responses in the Rajya Sabha on Tuesday. Written replies by Minister of State in the Finance Ministry, Pankaj Chaudhary revealed that gross sale during 7 months of the current fiscal,...

MFs see sharp erosion in value as IndusInd Bank shares hit new low

AIMPWAMarch 13, 2025

Mutual fund schemes holding investments in IndusInd Bank shares have registered a sharp erosion in value after the stock fell over 30 per cent in the last two trading days to ₹656 a share on Tuesday against ₹936 logged in last Friday. Shares of the bank hit a new 52-week low of ₹649 on Tuesday...

RBI unveils framework for recognising SROs for account aggregator ecosystem

AIMPWAMarch 13, 2025

The Reserve Bank of India (RBI) on Wednesday unveiled a framework for recognising self-regulatory organisations (SROs) for the account aggregator (AA) ecosystem, even as it invited applications for recognition of SRO-AAs. NBFC (non-banking financial companies)-AAs undertake the business of account aggregation — retrieve/ collect specified financial information from financial information providers (FIPs) falling under the...

RBI may prefer a public sector banker to helm IndusInd Bank, going by recent appointment trend in private sector banks

AIMPWAMarch 13, 2025

The Reserve Bank of India (RBI) may prefer a public sector banker as a replacement for IndusInd Bank’s current chief Sumant Kathpalia, according to industry sources. RBI recently gave its approval for Kathpalia’s re-appointment as MD & CEO only for a year (from March 24, 2025 till March 23, 2026) despite the Bank’s Board seeking...

Banks offload ₹12,700 crore Jaiprakash loans to NARCL in landmark deal

AIMPWAMarch 12, 2025

In a landmark move, a consortium of 25 banks led by State Bank of India (SBI) has executed the transfer of ₹ 12,700 crore worth stressed loans belonging to Jaiprakash Associates Ltd (JAL) to National Asset Reconstruction Company Ltd (NARCL), which is known as country’s ‘bad bank’. The completion of the transfer done in a...

Renewable Energy Share To India’s Electricity Generation Reaches 22% In 2024-25: Minister Naik

AIMPWAMarch 12, 2025

New Delhi, Mar 12 (KNN) The renewable energy sector’s contribution to India’s total electricity generation has reached 22.49 percent in the 2024-25 fiscal year (until January), according to information provided by the Union Ministry of New and Renewable Energy to the Rajya Sabha on Tuesday. Shripad Yesho Naik, Union Minister of State for Renewable Energy,...

UK Electric Vehicles Delegation Explores Opportunities in India

AIMPWAMarch 12, 2025

Kolkata, Mar 12 (KNN) A UK electric vehicles (EV) delegation, comprising six innovative small and medium enterprises (SMEs), visited Kolkata on Tuesday to explore opportunities in India’s growing EV sector. The companies specialise in fleet telematics, battery energy storage, AI, IoT-based cybersecurity, and modular decentralised generators. Facilitated by Connected Places Catapult and supported by Global...

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Here are the 24 US AI startups that have raised $100M or more in 2025

AIMPWAJune 18, 2025

Last year was monumental for the AI industry in the U.S. and beyond. There were 49 startups that raised funding rounds worth $100 million or more in 2024, per our count at TechCrunch; three companies raised more than one “megaround,” and seven companies raised rounds $1 billion in size or larger. How will 2025 compare?...

Midjourney launches its first AI video generation model, V1

AIMPWAJune 18, 2025

Midjourney, one of the most popular AI image generation startups, announced on Wednesday the launch of its much-anticipated AI video generation model, V1. V1 is an image-to-video model, in which users can upload an image — or take an image generated by one of Midjourney’s other models — and V1 will produce a set of...

6-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

AIMPWAJune 18, 2025

There’s a lot of talk in the startup world about how AI makes individuals so productive that it could give rise to a generation of “solo unicorns” — one-person companies worth over $1 billion. While an actual solo unicorn remains a mythical creature, Israeli developer Maor Shlomo provided compelling evidence Wednesday that the concept might...

Six-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

AIMPWAJune 18, 2025

There’s a lot of talk in the startup world about how AI makes individuals so productive that it could give rise to a generation of “solo unicorns” – one-person companies worth over $1 billion. While an actual solo unicorn remains a mythical creature, Israeli developer Maor Shlomo provided compelling evidence Wednesday that the concept might...

Multiplier, founded by ex-Stripe exec, nabs $27.5M to fuel AI-powered accounting roll-ups

AIMPWAJune 18, 2025

In late 2022, Noah Pepper, a former Stripe business lead for the Asia Pacific region, founded Multiplier, a startup that aimed to sell software to tax accounts. But soon after ChatGPT was released, he realized that AI can change how professional service firms use technology. “I realized I was barking up the wrong tree by...

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Latest Posts

HSBC puts some bankers on short-term retention amid overhaul

PhonePe clocks 600 million registered users on digital platforms

Goel assumes charge as Chief Executive of IBA

RBI net sold over $36 billion during June-Dec of FY25 to support rupee

MFs see sharp erosion in value as IndusInd Bank shares hit new low

RBI unveils framework for recognising SROs for account aggregator ecosystem

RBI may prefer a public sector banker to helm IndusInd Bank, going by recent appointment trend in private sector banks

Banks offload ₹12,700 crore Jaiprakash loans to NARCL in landmark deal

Renewable Energy Share To India’s Electricity Generation Reaches 22% In 2024-25: Minister Naik

UK Electric Vehicles Delegation Explores Opportunities in India

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Here are the 24 US AI startups that have raised $100M or more in 2025

Midjourney launches its first AI video generation model, V1

6-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

Six-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

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Here are the 24 US AI startups that have raised $100M or more in 2025

Midjourney launches its first AI video generation model, V1

6-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

Six-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

Multiplier, founded by ex-Stripe exec, nabs $27.5M to fuel AI-powered accounting roll-ups

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Here are the 24 US AI startups that have raised $100M or more in 2025

Midjourney launches its first AI video generation model, V1

6-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

Six-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash

Multiplier, founded by ex-Stripe exec, nabs $27.5M to fuel AI-powered accounting roll-ups

Multiplier, founded by ex-Stripe exec, nabs $27.5M to fuel AI-powered accounting roll-up