Technology

Over 50% tech startups expect their revenues to reach pre-Covid-19 levels in six months: Survey

A little over half of all technology startups in India expect their revenues to reach pre-Covid-19 levels within the next six months, driven by increased digital adoption and investor interest in backing early-stage startups, according to a survey. Recovering revenues and higher funding has also extended runways for tech startups, with 43% respondents in a […]

Global Economy

Stocks slip as big post-election rally pauses, Wall Street still headed for best week in months

Stocks were flat on Friday as traders looked for clarity around the presidential and congressional election results. Sentiment was kept in check by better-than-expected U.S. unemployment data. The Dow Jones Industrial Average traded 15 points lower, or less than 0.1%. The S&P 500 fell marginally. The Nasdaq Composite dipped 0.2%. Shares of Facebook, Netflix, Alphabet […]

Finance

Nabard to offer 18 months refinance to smaller NBFC, MFIs under special liquidity scheme

A four-fifth of the smaller microfinance firms will be eligible to get special refinance assistance through the Reserve Bank of India-created dedicated liquidity window. This would help them to bridge the cash flow mismatches they might have over the next 18 months. The National Bank for Agriculture & Rural Development (Nabard), which received the Rs […]

World

US holds its second high-profile visit to Taiwan in two months as Beijing escalates military pressure

Keith Krach, the Under Secretary of State for Economic Growth, Energy, and the Environment, arrived in Taiwan late Thursday local time, and will represent the US at the memorial service for former Taiwan President Lee Teng-hui on Saturday. Krach’s visit comes just over a month after US Secretary of Health and Human Services Alex Azar […]

Small Business

Cleartax plans to hire 150-plus employees over next 2-3 months

KOLKATA: Fintech company Cleartax is planning to hire 150-plus employees in the next two-three months. The 700 employee-strong company is planning to double its engineering product team, led by the growth of its SaaS product during the Covid-19 pandemic. “More people are using digital technology and tools, leading to an acceleration in adoption and consequently, […]