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BusinessPhoto: Mint CompaniesAI startup RapidCanvas has secured $29 million in Series B funding led by Vertex Ventures SEA & India. The company plans to use the funds to expand its go-to-market and AI engineering teams. Investors are increasingly backing AI-led challengers to traditional services firms, signaling strong confidence in RapidCanvas's growth potential.
Mint Companies·
BusinessPhoto: Hindu BusinessYuvraj Narayan, Group CEO of DP World, stated that due to the West Asia crisis, logistics has shifted from Just-in-Time delivery models to a more flexible 'anyhow, anytime' approach. He highlighted challenges at Dubai's Jebel Ali port, the ninth-largest globally, with rising costs, manpower shortages, and uncertainty forcing the global shipping industry to transform.
Hindu Business··Dubai
BusinessPhoto: Economic TimesYes Bank expects its core capital ratio to decline by 250 basis points after the Supreme Court overturned the write-off of Rs 8,400 crore AT1 bonds from its 2020 rescue. S&P Global Ratings anticipates the bank will absorb the impact without an immediate effect on its credit ratings.
Economic Times·
BusinessPhoto: News18 BusinessMid-cap mutual funds have gained popularity for long-term wealth building, attracting significant investor inflows amid recent market corrections. These funds focus on medium-sized companies with strong growth potential rather than regular dividends. Historical data, including funds like Nippon India Growth Fund, show how modest investments can grow substantially over decades. Understanding risks and returns helps investors make informed decisions for sustained financial success.
News18 Business·
PoliticsPhoto: Hindustan TimesDelhi Police has prohibited Abhijeet Dipke, founder of CJP, from holding any protests, rallies, or processions at Connaught Place to protect public safety, traffic, and traders' rights. A prohibitory order under Section 163 of the Bharatiya Nagarik Suraksha Sanhita is in force, and violations may lead to legal action. Dipke's planned Tiranga event on October 16 was not permitted and could disrupt local businesses and traffic.
Hindustan Times··Delhi
PoliticsPhoto: Economic TimesCongress President Mallikarjun Kharge criticized Prime Minister Modi for delaying the prorogation of Parliament's Monsoon Session. He stressed the need for an all-party meeting to discuss new delimitation proposals. Kharge recalled earlier failed attempts to pass Constitutional Amendment Bills without sufficient discussion and emphasized the importance of thorough deliberation among all political parties and stakeholders.
Economic Times·
Mint Companies·
Photo: Mint CompaniesAI startup RapidCanvas has secured $29 million in Series B funding led by Vertex Ventures SEA & India. The company plans to use the funds to expand its go-to-market and AI engineering teams. Investors are increasingly backing AI-led challengers to traditional services firms, signaling strong confidence in RapidCanvas's growth potential.
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