
Nikhil Kamath invests ₹200 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.
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SBI has revised its cash withdrawal charges for Basic Savings Bank Deposit accounts, introducing a ₹15 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.
Moderna's stock skyrocketed 156% to $161, boosting co-founder Robert Langer's billionaire status. This surge follows promising results from an mRNA cancer therapy trial conducted with Merck. Investors are optimistic about the future of mRNA technology in cancer treatment, marking a significant milestone for both companies.