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Bira 91 raises $25 mn to expand manufacturing footprint

New Delhi, March 6 (IANS) B9 Beverages Ltd, Bira 91’s parent company, on Wednesday said it is raising $25 million in new funding from Tiger Pacific Capital, an Asia-focused fund headquartered in New York and Hong Kong.

56 pc Indian employees trust their bosses to teach AI skills: Report

New Delhi, March 6 (IANS) More than half of Indian employees (56 per cent) believe their organisations will teach them skills they need to adapt to Artificial Intelligence (AI) and automation, compared to the global average of 45 per cent, according to a report on Wednesday.

RBI’s punitive actions will keep NBFCs on the edge

New Delhi, March 6 (IANS) In continuation with its system clean-up mission, the RBI imposed an embargo on IIFL’s gold loan business on March 4 and on JM Financial Products’ (subsidiary of JM Financial) loan against shares & IPO financing business the next day, citing persistent regulatory non-compliance and governance issues, as per brokerage Emkay Global Financial Services.