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Scapia, a travel fintech startup, just got $63 million from General Catalyst! They plan to use this money to grow their business and add more AI features. Founder Anil Goteti said, "There's a large opportunity to scale the business." This funding will help them reach more young travelers who are spending more on trips.
Wow, Aditya Birla Health Insurance gave back money to over 2 lakh customers last year just for staying healthy! Their CEO said, "if customers stay healthy, hospitalisation chances reduce." This means people got refunds on their insurance premiums because they were active and fit, which is a smart way to encourage good health.
Adani's big ₹5,700 crore deal to take over parts of Jaiprakash Associates is moving forward! A special panel is now watching over the transfer of key assets. This includes power plants and fertilizer businesses going to Adani companies. Jaiprakash Associates said, "certain businesses/ assets may be better served."
Oil prices are hurting Southeast Asia, impacting everything from flights to food. Companies are raising prices and cutting costs because of supply chain issues and higher expenses. For example, AirAsia X said "rising jet fuel costs" led to fare hikes. This is making things tough for many businesses and consumers.
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Eurobank in Greece now lets Indian customers send money home using UPI! This makes sending money fast and cheap. Stavros Ioannou said, "There will be a charge, which will be kept at a minimum level." This is part of India's plan to make UPI a global payment tool, helping Indians abroad easily send money.
LPG prices stayed the same on May 31st, with domestic cylinders costing ₹913 in Delhi. However, commercial cylinders are over ₹3,000, a big jump since March. Analysts said "the Centre's decision to keep household cylinder rates unchanged is aimed at shielding consumers from rising inflation." This offers relief to homes but strains businesses.
Hey, so India's private sector growth slowed a bit in May. The Middle East war and less demand from other countries hurt factories. But, the services side picked up a little. The survey showed "new export orders... grew at their weakest pace." Still, things are expanding overall!
India's private sector activity slowed a bit in May, hitting 58.1. This happened because of the ongoing West Asia conflict and issues with shipping routes, which made businesses a little worried. The manufacturing part saw a bigger dip, but services stayed pretty steady. The survey showed "activity moderated in May."
Tata Motors just showed off their new Tiago and Tiago.ev cars! They look sharper and more modern, with cool new lights and a sportier feel. The electric version gets special touches to show it's an EV. Both are set to launch on May 28, and people are excited to see the insides.
India is looking to China's coal-to-chemicals model to boost its energy and food security. Facing supply issues from the Strait of Hormuz, India plans to invest heavily in coal-based chemical production. The government is pledging nearly $4 billion to start this business, aiming to process 75 million tons of coal by 2030.
Wow, PM Modi's recent trip to five countries really paid off! India got big investment plans worth about Rs 3.5 lakh crore. He met with over 50 global company leaders, and many are looking to grow their business here because India's economy is doing so well.
Big companies like LIC and ITC are sharing their Q4 results today, May 21, 2026! Many others, including Grasim Industries and Ola Electric, are also in focus. Investors are watching closely for these updates to see how businesses are doing. It's a busy day for the stock market!