Drip Capital Partners with CARGOES Finance By DP World to Provide Financing for Importers and Exporters

Drip Capital, Inc., a leading cross-border digital trade finance platform, today announced a collaboration with CARGOES Finance By DP World, a platform that enables rapid and seamless access to working capital for emerging-market small and medium-sized enterprises (SMEs). SMEs are…

Citibank’s Half-a-Billion Dollar Transfer Mistake Has Unnerved Markets: Here’s Why

The Citibank loses ground when the US District Court decided against the case to recover the $500 million mistaken bank transfer, in what has been dubbed as the rarest blunders in banking history.

Wilful defaulters set India back by ₹ 1.50 trillion in 2018-19

Wilful defaults in India crossed 1.50 trillion rupees ( approx. $21bn ) while State Bank of India accounted for nearly a third of all wilful defaults

Uber’s historic IPO debacle invokes collateral damage

Uber is officially the biggest high-profile market bust up ever| shares already down 17% | Effect being felt by investors shares Uber’s disastrous start is the rockiest IPO debut in a while, now stands 17 percent less than its initial…

Who’ll succeed the King?: Buffet’s big hint

At the latest shareholder meeting of Berkshire Hathaway, Buffet took on the question of his successor, dropping discreet hints.

₹ 700 billion and counting: RBI struggles to revive sluggish economy

RBI’s ₹ 700 bn cash infusion in April was unable to revive the economy, further efforts are expected to continue.

Sensex rises up 145 points, Nifty reclaims 11,000 mark

Benchmark indices opened higher for the third consecutive session on Wednesday with the Nifty reclaiming 11,000 mark in early trading. At 11 am, the BSE S&P Sensex was up 145 points at 36,588 while the NSE Nifty 50 climbed up…

NITI Aayog VC says farm loan waivers not a solution

The think tank has unveiled a strategy document that targets a growth rate of 8-9% to make India a US$ 5 trillion economy by 2030. In the interim, the strategy document has set a GDP growth target of 8% to…