KreditBee Enters Unicorn Club with $280 Mn Series E Round
KreditBee secured $280 million in a Series E round, lifting its post‑money valuation to $1.5 billion and making it the first FY27 unicorn in India. The round was led by Motilal Oswal Alternates, Hornbill Capital and MUFG‑backed Dragon Funds, with participation from WhiteOak, A.P. Moller Holding, Premji Invest and Advent International. The funding will fuel portfolio expansion, deeper market penetration and a push to scale AI‑driven risk assessment and personalised credit products. KreditBee now serves over 18 million borrowers and has disbursed more than 60 million loans since its 2016 launch.
Here's What Smart People Are Saying About Trump's Ceasefire Deal with Iran
President Donald Trump announced a two‑week ceasefire with Iran, contingent on reopening the Strait of Hormuz, a vital oil corridor. Reactions split along partisan lines, with business leaders and foreign‑policy experts debating its durability. Analysts suggest the move is aimed...
United States: President Trump Tariffs on Patented Pharmaceuticals Under Section 232
On April 2, 2026 President Trump issued a proclamation imposing a 100% ad valorem tariff on most imported patented pharmaceuticals and related active ingredients, effective July 31 for some firms and September 29 for others. The decree creates tiered rates,...
DOE Chief: Damage to Oil Sites to Keep Prices High
Philippines Energy Secretary Sharon Garin warned that damage to oil infrastructure in the Middle East will keep fuel prices elevated even if the Strait of Hormuz reopens. The country imports 98% of its crude oil from the region, and diesel...
New Homefront Crisis Ministerial Committee to Support Businesses, Workers & Households Amidst Disruptions and Rising Cost Pressures
Singapore has formed a Homefront Crisis Ministerial Committee to mitigate the fallout from the Strait of Hormuz closure, which has doubled Brent crude to $141 per barrel and LNG to $22 per MMBtu. The committee will secure essential fuels, bolster...
Oil Shock Sends Philippine Inflation Surging to 4.1% in March
Philippine inflation jumped to a near‑two‑year high of 4.1% in March, driven primarily by a sharp rise in transport costs as gasoline and diesel prices surged 27.3% and 59.5% respectively. Fuel pump prices now range from roughly $2.00 to $2.87...
Do Healthcare CEOs Agree on Whether VBC and MA Actually Save Money?
Healthcare CEOs debated whether value‑based care (VBC) and Medicare Advantage (MA) actually cut costs. Some executives, like Arcadia’s Michael Meucci and Risant Health’s Jaewon Ryu, see untapped potential in fraud‑reduction and population‑health management, while others, such as Shawn Gremminger, claim...
Volkswagen Picks Agency to Lead Global Social Media Strategy
Volkswagen has selected Jung von Matt SPREE as its global social‑media lead agency, covering platforms such as Instagram, TikTok, YouTube, LinkedIn, Threads and Facebook. The agency will advise the brand communications team, run headquarters’ channels, build communities, launch campaigns and...
A Platform for ‘Social Coding’; LEAD Bets on AI Personalisation Solution
YourStory highlighted two AI‑driven initiatives reshaping tech ecosystems. Bengaluru brothers Akshay and Anirudh Oppiliappan launched Tangled, a social‑coding platform that embeds generative AI agents into the traditional Git workflow, already attracting over 8,000 users and 6,000 repositories organically. Meanwhile, India’s...
Up the Ranks: Accor Strengthens Its Global Leadership with Appointment of Laurent Choain as Global Chief People & Culture Officer
Accor announced the appointment of Laurent Choain as its Global Chief People & Culture Officer, effective 1 April 2026, adding him to the Group Management Board and the Premium, Midscale & Economy Executive Committee. Choain brings more than three decades of international...
Trump Announces Two-Week Ceasefire in Iran
President Donald Trump announced a two‑week ceasefire with Iran, contingent on Tehran’s immediate and safe reopening of the Strait of Hormuz. The proposal came just 90 minutes before a looming 8 p.m. deadline for potential U.S. strikes. Trump posted the deal...
Zsystems Brings Total Funding to $2.7 Million with Latest Seed Round
ZSystems, a Morocco‑based B2B2C marketplace, closed a $1.65 million seed round led by Azur Innovation Management, with participation from MNF Ventures, Witamax and new international investor Harambeans Prosperity Fund. The raise lifts total funding to $2.7 million after a $1.05 million pre‑seed round....
Australian Made Welcomes EU Free Trade Deal as Boost for Manufacturing
The Australian Made Campaign hailed the Australia‑European Union Free Trade Agreement as a major boost for domestic manufacturers. The deal will eventually eliminate tariffs on 98% of Australian exports to the EU, granting duty‑free access for a wide range of...
Case Study: Inside Kerry’s Playbook for a Real‑life, Globally Consistent Employee Experience
Kerry Group is redefining its employee experience (EX) by rejecting a one‑size‑fits‑all model and adopting a "globally aligned but locally activated" framework. The approach anchors on three principles—simplicity, responsiveness, and focus on critical moments—while giving regional teams the freedom to...
DoorDash Taps Airbnb’s Nick Sinclair to Lead ANZ Marketing
DoorDash has appointed Nick Sinclair, former Airbnb marketing chief for APAC, as its marketing director for Australia and New Zealand. Sinclair will be responsible for brand, growth, retention and partnership initiatives across the region, reporting to the global CMO while sitting...
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Applicable Federal Rate (AFR): Definition and Usage Guide
The IRS publishes a monthly Applicable Federal Rate (AFR) to set a minimum interest benchmark for private loans, categorizing rates by short‑term, mid‑term, and long‑term durations. The AFR is derived from Treasury yields and is used to prevent below‑market loans...
Giant Stock Rally Erupts as Trump Offers Reprieve to Iran
President Donald Trump announced a two‑week deferment of a planned U.S. attack on Iran, hoping to secure a deal over the Strait of Hormuz. The announcement sparked a rapid rally in global equities, with Japan's Nikkei 225 jumping over 3%...
Tata Sons Chairman Chandrasekaran May Not Seek Third Term
Tata Sons chairman N Chandrasekaran may forgo a third term as Tata Trusts question the profitability of recent acquisitions. While the conglomerate has posted solid overall growth, loss‑making units such as Air India, Tata Digital, Tata Projects and Tata Electronics have...
Latin American Airlines Appear Confident in Their Ability to Weather the Latest Fuel Spike Crisis
Latin American airlines are confronting a sharp rise in jet‑fuel costs triggered by the Middle East war, with crude prices nearing $150 per barrel. To protect margins, carriers are implementing fare hikes that are largely holding and are weighing capacity...
Trump Backs Down, but Questions Remain Over Iran and the Strait of Hormuz
President Trump escalated rhetoric on April 7, demanding Iran open the Strait of Hormuz, then backed down after a Pakistani‑mediated cease‑fire halted hostilities. The temporary truce restored oil, fertilizer and helium flows, calming markets that feared a global recession. However,...
Olam Group to Divest Mindsprint to Wipro for US$375mn as Part of Its Reorganisation Plan
Olam Group announced the sale of its IT and digital services arm Mindsprint to Wipro for $375 million, part of its Updated 2025 Re‑organisation Plan. The transaction is expected to generate an estimated $310.5 million gain and will see Mindsprint’s 3,200 employees,...
Where Is Your Niche, Mr. Startup?
2024 saw a sharp rise in AI startup closures, with 966 US firms shutting down—a 25.6% increase over 2023—and a 92% failure rate for AI ventures. The article argues the “GPT‑wrapper” model is dead, citing Jasper’s collapse after OpenAI made...
New V2 UALink Specification Aims to Catch up to NVLink
The UALink Consortium released version 2.0 of its open‑source interconnect specification, adding a 200 Gbps data link, separate physical‑layer spec, In‑Network Compute, manageability tools and a chiplet integration model. The new common spec is designed to accelerate adoption of UALink in...
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Dot Plot: Understanding Types, Uses, and Federal Reserve Insights
A dot plot is a simple visual tool that places each data point as a dot on a two‑axis chart, highlighting distribution, central tendency, and dispersion. The two dominant designs are the Cleveland style, which emphasizes position over length, and...
Beyond Inclusion: Why Equity Matters in the Digital Economy
The article argues that equity—not merely inclusion—is essential for a fair digital economy, especially in fast‑growing Southeast Asia. It identifies four systemic levers—access, capital allocation, product design, and workplace culture—where bias persists. Rather than simply adding more participants, the piece...
Negotiation Exercises for Skill Building and Real-World Success
Negotiation is a performance skill that improves through structured, hands‑on practice. Role‑plays, simulations, and team challenges build confidence, adaptability, and strategic thinking, especially when paired with reflection and feedback. Effective programs sequence exercises from foundational frameworks to complex, multi‑party scenarios...
Macquarie Academics Question Redundancies
Macquarie University announced cuts of 60‑70 full‑time arts and science academic positions to save about $15 million annually, replacing them with casual staff despite rising enrolments in popular majors. Lecturers in media, communications and international studies say courses are being downsized...
FPSO Player Loses Its CEO
Bumi Armada announced that CEO Gary Christenson stepped down early, with his term originally set to end on May 15, 2026. The company said CFO Luke Targett and COO Alex Bridgen will jointly lead the firm until a permanent chief executive...
Oil Prices Plunge Following U.S.-Iran Ceasefire
Crude oil prices plunged on Tuesday after President Trump announced a two‑week U.S.-Iran ceasefire, sending Brent futures down about 13% to roughly $95 a barrel and WTI about 14% to $96. The drop marks the steepest one‑day decline since the...
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Understanding Current Assets: Definition, Examples, Calculation
Current assets are balance‑sheet items a company expects to turn into cash within twelve months, encompassing cash, marketable securities, accounts receivable, inventory, and prepaid expenses. They serve as the primary gauge of short‑term liquidity, influencing ratios such as the current,...
Home Office Seeks Trio of £100k-Plus Leaders to Support Police Tech Transformation
The Home Office is recruiting three deputy delivery directors to steer a major police technology transformation, each offering a six‑figure salary of £100,000‑£117,800 (approximately $127,000‑$150,000). The roles cover legacy services transformation—including the £900 million (≈$1.14 billion) Law Enforcement Data Service that will...
Aussie Startup Spoony Shutting Down After Rejecting “Antithetical” AI Tools
Australian startup Spoony, an award‑winning social app for disabled, neurodivergent and chronically ill users, raised roughly USD 660,000 and grew to over 65,000 members. The company planned a funding round for October 2025, but investors shifted focus to AI‑centric ventures, leaving the...
Rob Halpin Named ACTRA Toronto Executive Director
Rob Halpin has been appointed executive director of ACTRA Toronto, effective April 20, succeeding Alistair Hepburn. Halpin arrives from the Ontario Federation of Labour, where he spent over a decade in senior roles including general secretary. He also lectures on public...
Fed Data Signals Consumers Pulling Back on Credit Card Spending
Federal Reserve data released on April 7 shows total consumer credit grew 2.2% year‑over‑year in February, up from 1.8% in January. Non‑revolving credit—auto, student and personal loans—accelerated to a 2.8% annualized pace, while revolving credit card balances slowed to a 0.6%...
Your Most Important Customer? The AI Agent
AI‑powered shopping agents are reshaping retail by prioritizing real‑time inventory, price and verified product data over traditional brand awareness. When a consumer asks an agent for the best running shoe under $120 with next‑day delivery, the algorithm evaluates live data...
Jamie Dimon Has Warning for America Before Its 250th Anniversary
Jamie Dimon opened JPMorgan’s 2025 annual shareholder letter by celebrating America’s 250th anniversary, then shifted to a stark warning about under‑appreciated risks. He highlighted geopolitical flashpoints such as the Iran war, ongoing China tensions, and trade realignments as potential disruptors...
Better Leadership, Work-Life Balance Draw Back ‘Boomerang’ Employees
A new report shows that two‑thirds of workers would consider returning to a former employer if leadership improves and work‑life balance strengthens. Boomerang hires accounted for 35% of all new hires in 2025, and 55% view a return as a...
EV Mobility Startup Trev Mobility Raises Angel Round to Expand Across Delhi NCR
Trev Mobility, an app‑first premium EV ride‑hailing service, secured an angel round of roughly $440,000 (Rs 3.65 crore) from its user base, adding to a prior Rs 20 lakh seed grant. The funding will fuel fleet expansion beyond its current 100 electric vehicles across...
The CAS Board’s Carrying Out a Mandate—And Comments Are Now Open
The Cost Accounting Standards (CAS) Board released a draft rule raising the exemption threshold to $35 million and the full‑coverage threshold to $100 million, aiming to cut the number of contractors subject to the full 19 standards by roughly 30 percent while still...
Stock Futures Surge, Oil Prices Slide as Trump Announces Two-Week Cease-Fire with Iran
President Donald Trump announced a two‑week cease‑fire with Iran, halting a planned U.S. bombing and securing an immediate reopening of the Strait of Hormuz. The announcement sent U.S. stock futures soaring—S&P 500 up about 2.2% and Nasdaq‑100 up roughly 2.8%—while West...
South Korea Stocks Lead Gains in Asia as U.S.-Iran Agree to a Ceasefire
South Korean equities led an Asian rally on April 7 after President Donald Trump announced a two‑week suspension of planned attacks on Iranian infrastructure, contingent on the Strait of Hormuz reopening. The Kospi jumped nearly 6% while the Kosdaq rose...
Oil Prices Plunge Below $100 After Iran Agrees to Safe Passage Through Strait of Hormuz During Ceasefire
U.S. West Texas Intermediate crude plunged 15% to $95.63 per barrel after President Donald Trump agreed to suspend attacks on Iran for two weeks in exchange for safe passage through the Strait of Hormuz. The cease‑fire, brokered with Pakistan’s prime...
Music Giant Universal Gets $64bn Takeover Offer
Universal Music Group has received a $64.3 bn (≈$64 bn) takeover proposal from Bill Ackman's Pershing Square, which would likely shift the company’s primary listing to the United States. The offer follows a period of underperformance in global stock indexes and ongoing...
Trump-Iran Agree to Two-Week Ceasefire, Plan to Open Strait of Hormuz
President Donald Trump announced a two‑week suspension of planned attacks on Iranian infrastructure, contingent on Iran’s immediate and safe reopening of the Strait of Hormuz. The cease‑fire follows intense social‑media threats and was negotiated with Pakistan’s prime minister and military...
Bond Rally Fades as Iran Says Ceasefire Violated
U.S. Treasury yields erased an early rally after an Iranian official declared the newly announced two‑week ceasefire with the United States was violated. The ceasefire, which had initially driven oil prices lower and softened inflation concerns, sparked a brief surge...
Search Begins for New CEO of Nova Scotia Health
Nova Scotia Health announced that interim CEO Karen Oldfield will remain in place while a multi‑month search for a permanent chief is launched. Health Minister Michelle Thompson said the government will not reinstate a governing board during the transition and...
S. Korea Posts Record Current Account Surplus on Chip Exports
South Korea posted a record current‑account surplus of $23.2 billion in February 2026, the highest monthly figure ever recorded. The goods‑balance alone posted a $23.4 billion surplus as semiconductor exports surged nearly 30% year‑over‑year, dwarfing the modest 4% rise in imports. The...
South Korea Faces Pressure to Accelerate and Expand ESG Disclosure Rules
South Korea’s Financial Services Commission plans mandatory ESG disclosures starting in 2028 for KOSPI firms with assets over KRW 30 trillion, covering roughly 58 companies. The National Pension Service and the ruling Democratic Party have pressed for an earlier rollout, lower asset...
Letter: Private Capital Won’t Be Trigger for the Next Crisis
Private capital, especially private equity and venture firms, is unlikely to spark the next financial crisis, according to a recent FT letter. The argument rests on lower leverage ratios, longer investment horizons, and a funding model that avoids deposit‑driven liquidity...
RPM International Inc (RPM) Q3 2026 Earnings Call Transcript
RPM International reported record consolidated sales, rising 3.5% year‑over‑year, powered by acquisitions and high‑performance building solutions. Adjusted EBIT and EPS fell as higher SG&A, M&A costs, and temporary consolidation inefficiencies outweighed top‑line growth. The company launched a $100 million SG&A optimization...