Space tech start-up Agnikul raises $11 mn funding

It is the largest funding round for a private Indian space technology company in the country. Billionaire and Mahindra Group chairman Anand Mahindra along with top Silicon Valley investors Naval Ravikant and Balaji Srinivasan are backing space tech start-up Agnikul as part of a new funding round. Chennai-based Agnikul said, […]

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Covid effect: Banks prefer govt bonds to giving loans

This trend has not been seen in nearly two decades, barring 2016 — the year of demonetisation. Record liquidity infusion by the central bank in the banking system during the financial year 2020-21 amid sluggish economic activity resulted in banks investing more in safe government papers than in extending loans, […]

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