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Union Budget 2022-23: Govt maintains focus on sector

CFO News Room

While the sizeable increase in infra spend and sectoral initiatives in Union Budget augur well, there is need for policy reforms that help create a robust private investment ecosystem. In terms of investments, roads and railways have seen a significant increase in outlays, with y-o-y increase of over 50%.

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Grab Lands A $1 Billion Investment

PYMNTS

Grab, a ride-hailing company in Southeast Asia, is gearing up to announce it has landed $1 billion in a new investment, which will be used to expand its payments unit. It said earlier this year that it would launch Grab Ventures, where it would invest in sectors as far-flung as transport and food services, Reuters reported.

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Investors Cool on Internet-of-Things Startups, a Tech Conduit for Retailers

CFO News Room

Many stores, which came to rely on software-connected systems during the Covid-19 pandemic, are now leveraging these capabilities to eke out efficiencies that can help keep prices down amid stubbornly high inflation and rising interest rates, industry analysts said. Over the same period, investment dollars in IoT startups fell 57.2%

Startups 100
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Loadsmart Lands $90M From BlackRock, Maersk, For Digital Shipping Platform

PYMNTS

Perry, and new fund Bramalea Partners, launched by Andrew Boyd, former head of global equity capital markets at Fidelity Investments. Loadsmart said it has instead focused on what its online shipping platform can do for companies in the transportation business on a value-added basis, “coupled with API integrations.”.

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How One Company Used Data to Create Sustainable Fast-Food Packaging

CFO News Room

Leveraging the power of data. Moreover, it allows Vytal to optimize transportation planning. At the same time, it struck a partnership deal with the largest food delivery chain in Germany, which further propelled adoption by consumers and provided additional leverage in convincing further partner restaurants to join forces with Vytal.

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Car Commerce Tracker: Integration, Investment

PYMNTS

This time around, an Alexa integration, a new partnership leveraging telematic capabilities and a major manufacturing investment by BMW are all working to connect and evolve the automotive space. Insurance agencies are looking to leverage technology to improve driver safety (and save policyholders some cash). and $79.99

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Chinese corporates: Stable outlook for many but muted growth for some sectors

Future CFO

Improving demand from a low base in 2022 and continued debt control will underpin growing profit and steady leverage for most rated Chinese corporates, but some sectors will continue to have muted growth, the credit rating agency noted. And steady EBITDA will mitigate investment risks for chemical and construction companies, the firm added.