Bajo Foods garnered $2 Mn in a fresh funding round led by Mount Judi Ventures. The round also saw participation from S Ramadorai and KPB Trust’s founder KP Balaraj. The Direct-to-consumer (D2C) startup will deploy the fresh funds to bolster brand building of its new product ranges and expand its distribution channels to offline retail, B2B and hospitals.

Sri Lanka's statistics department's latest data revealed that the country's National Consumer Price Index (NCPI) eased to 65% YoY in November following a 70.6% increase in October. The Department of Census and Statistics of the crisis-struck nation announced that food prices surged by 69.8% in November, while non-food inflation was 60.4% in the country.

Cardano presently trades at $0.2542. In the last 24 hours, the coin decreased by 1.48% and is down by 18.31% in the last seven days. The 9th largest cryptocurrency by market cap has a 24-hour trading volume of $212 Million, which is a 15.53% decrease in the last 24 hours. ADA is currently moving in tandem with the rest of the market.

Cars and motorcycles are likely to be available at by 1-3% more than the price tag of December 31 as automakers from Maruti Suzuki, Hyundai, and Tata Motors to luxury brands Audi and Mercedes-Benz have announced plans to increase prices across their offerings starting next month. The auto companies are going ahead with this move to partially offset the impact of rising costs.

The IIFL Group's early-stage investment vehicle, IIFL Fintech Fund, invested USD 2 million (around Rs 16.5 crore) in Insurance Samadhan for a 16% stake. The latest round valued the insurance technology startup at around USD 13 million (around Rs 107 crore). The company also secured another USD 1 million in funding from other investors in the series-A round.

The pound fell against the dollar and the euro as British public borrowing reached a record high for November, highlighting the difficulties facing the UK economy. The British pound yesterday fell by 0.3% to $1.21515 and dropped by 0.4% against the euro to 0.87 pence. British borrowing increased to its highest level for any November since records have been kept.

The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies. The anticipated testing will take place within a unique legal framework that is currently being developed. The trials will be conducted with interested organizations, although it was not specified which market players will participate in the pilot.

With over 20,000 cryptocurrencies in circulation, choosing the right one for you can be challenging. Thus, Mudrex Coin Sets enable you to invest in crypto indices, i.e., theme-based crypto baskets, to help you make the right choice. Simply invest in sectors that are relevant to you.

Binance has joined the Chamber of Digital Commerce's Executive Committee. The collaboration will enable both groups to work together on developing solutions to important problems affecting the crypto-sphere. More than 200 of the top entrepreneurs in the world who are exploring the potential of blockchain make up this American lobbying group.

🛑 Domestic benchmark indices closed on a bearish note after the volatile session on December 21. 📊 At 3:30 PM, the Sensex tanked by 635.05 points or 1.03% at 61067.24, and the Nifty ended lower by 186.20 points or 1.01% at 18199.10. 👉Among sectoral indices, Nifty PSU Bank (🔻2.85%), Nifty Metal (🔻 2.32%), and Nifty Oil & Gas (🔻 1.80%) witnessed considerable selling pressure.

👉Amid rising Covid in China and the US, Indian health minister Mansukh Mandaviya reviewed the situation with experts. This led to panic among investors. 👉Traders are concerned about the minutes of its latest monetary policy meeting. They will be looking for the cues on the rate hike trajectory. 👉The fear gauge India increased rapidly after a sudden profit-booking at Dalal Street.

According to the CEO of Gemini, a solution to Genesis and DCG’ liquidity problems has been launched. The creditor committee is currently awaiting a response from these cryptocurrency companies. On behalf of the creditor committee, Houlihan Lokey, put up a strategy to deal with Genesis and DCG's cash flow issues and offered a path to asset recovery.

Tata Group’s Bigbasket will likely launch its IPO during the upcoming three years and is also open to raising more private capital before that. The Bengaluru-based e-commerce firm made this announcement after it went ahead with the latest $200 million capital raising valuing the company at $3.2 billion. India’s largest online grocer is currently focusing on expanding its pan-India reach.

Gail India and Japanese transport firm Mitsui OSK Lines (via its wholly owned subsidiary) inked a time charter contract for a new-build liquefied natural gas (LNG) carrier along with joint ownership of an existing LNG carrier. The agreement states that the vessel will be constructed by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering with a charter period from 2023.

On Wednesday, the governor of the Reserve Bank of India, Shaktikanta Das, said that the next financial crisis will come from private cryptocurrencies. He further added that cryptocurrencies have no underlying fundamentals and their usage should be prohibited. "I think crypto, or private cryptocurrency, is a fashionable way of describing what is otherwise a 100% speculative activity,” Das stated.