Rivian spinout raises $150M to expand into autonomous delivery vehicles. This funding, led by Prysm Capital, will enhance their electric bike and cargo quad offerings.
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"Looks like Rivian is gearing up for a thrilling ride into the future!"
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SBI has revised its cash withdrawal charges for Basic Savings Bank Deposit accounts, introducing a βΉ15 fee effective October 1, 2026. This change impacts customers relying on free transactions, highlighting the importance of staying informed about banking fees. The update aims to streamline services while maintaining customer satisfaction. Make sure to check your account details to avoid unexpected charges.
Switching to direct mutual funds can impact your investment returns due to hidden tax costs. Understanding expense ratios, breakeven periods, and capital gains tax is crucial for making informed decisions. This guide helps investors navigate the complexities of mutual fund plans to maximize their financial outcomes.
Navi has raised $100 million from Prosus to accelerate growth ahead of its FY27 IPO filing. This funding will support Navi's expansion in the fintech sector, enhancing its market position. As the company prepares for its public offering, this investment marks a significant milestone in its growth strategy.
Nikhil Kamath invests βΉ200 crore in CtrlS to boost data centre infrastructure. This investment supports the growing demand for AI and cloud services in India. CtrlS aims to enhance its capabilities to meet the needs of tech advancements, ensuring robust service delivery in a competitive market.