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Local News

National Savings Bank Launches Nationwide Digital Banking Awareness Campaign.

May 17, 2026 at 12:21 AM

The National Savings Bank (NSB) has initiated an -wide campaign to promote financial inclusion and digital payment adoption, specifically highlighting the NSBPay and QR-based payment platforms.

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National Savings Bank Launches Nationwide Digital Banking Awareness Campaign
Image Credit : lankanewsweb.net
Finance

Longevity of Wealth: 4 Essential Practices of Ultra-High-Net-Worth Families.

Expert insights from wealth management leaders reveal that sustained multi-generational wealth is not built on single lucky events, but on consistent habits including family culture, tax strategy, long-term investing, and frugality.

May 16, 2026 at 10:03 AM
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Local News

Nations Trust Bank Records Strong Financial Growth in First Quarter of 2026.

Nations Trust Bank reported a 12% year-on-year increase in Profit After Tax (PAT) to LKR 4.6 billion for the first quarter of 2026, driven by stable margins and effective risk management.

May 15, 2026 at 11:54 PM
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Technology
The Billion-Dollar Magnet: Why Investors Keep Backing RJ Scaringe's Serial Ventures

The Billion-Dollar Magnet: Why Investors Keep Backing RJ Scaringe's Serial Ventures.

May 15, 2026 at 8:36 PM
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Harvard MBA Graduates Launch $35 Million Venture Fund for Early-Stage Tech Startups
Technology•
May 15, 2026 at 1:09 PM

Harvard MBA Graduates Launch $35 Million Venture Fund for Early-Stage Tech Startups.

Harvard Business School graduates Devon Gethers and Karlton Haney have successfully raised $35 million for Meridian Ventures, a fund targeting pre-seed and seed-stage enterprise technology startups.

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Technology

UK Sovereign AI Fund Taps Suzanne Ashman Amid Landmark $2.1bn Investment Surge.

May 15, 2026 at 4:21 AM

Suzanne Ashman has been appointed to lead the UK’s £500m Sovereign AI Fund. The announcement coincides with a major $2.1bn funding round for Isomorphic Labs, highlighting the UK's growing focus on homegrown artificial intelligence infrastructure.

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UK Sovereign AI Fund Taps Suzanne Ashman Amid Landmark $2.1bn Investment Surge
Image Credit : pharmaphorum.com
Finance

Nations Trust Bank Posts Strong Start to 2026 with 12% Profit Growth.

Nations Trust Bank (NTB) reports a solid 12% growth in Profit After Tax to LKR 4.6 billion for Q1 2026, driven by a 10% increase in loan growth and strategic portfolio expansion, including the acquisition of HSBC's retail business in Sri Lanka.

May 15, 2026 at 3:11 AM
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Technology
A* Capital Secures $450 Million for Third Fund with Contrarian Investment Strategy

A* Capital Secures $450 Million for Third Fund with Contrarian Investment Strategy.

May 12, 2026 at 6:52 PM
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Finance

Emerging Hedge Fund Leaders Reveal Strategic Stock Bets at Sohn Conference.

At the recent Sohn conference, emerging hedge fund managers highlighted key investment opportunities, focusing on AI-integrated technology and the disruptive impact of weight-loss drugs on the healthcare sector.

May 12, 2026 at 6:10 PM
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Exaforce Secures $125M Series B Funding to Revolutionize AI-Driven Cybersecurity
Technology•
May 12, 2026 at 3:14 PM

Exaforce Secures $125M Series B Funding to Revolutionize AI-Driven Cybersecurity.

AI security startup Exaforce has raised $125 million in Series B funding, pushing its valuation to $725 million as it scales its automated threat-detection platform.

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Business

Unlocking the Economic Potential of Modern Mothers: Mother Ventures Secures $10 Million.

May 8, 2026 at 5:52 PM

Mother Ventures, an early-stage fund founded by Allison Stern, has successfully raised $10 million to invest in startups that specifically cater to the unique needs and massive spending power of mothers in the U.S.

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Unlocking the Economic Potential of Modern Mothers: Mother Ventures Secures $10 Million
Technology
Solo VC Zal Bilimoria Secures $50 Million Fund to Drive Hard-Tech Innovation
Image Source : fundraiseinsider.com

Solo VC Zal Bilimoria Secures $50 Million Fund to Drive Hard-Tech Innovation.

May 7, 2026 at 1:12 PM
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Technology

DeepSeek Eyes $45 Billion Valuation in Major Funding Round Backed by China’s State Giants.

AI startup DeepSeek is reportedly in discussions to secure a massive funding round that could push its valuation to $45 billion, with China's state-backed semiconductor fund leading the charge.

May 6, 2026 at 6:08 AM
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Technology
Navigating AI Investments: Strategic Financial Leadership in a Transforming Era
Image Source : businessinsider.com

Navigating AI Investments: Strategic Financial Leadership in a Transforming Era.

May 4, 2026 at 10:07 AM
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Hopes Fade for Recovery of Rs. 13.2 Billion Lost in Major NDB Bank Fraud
Image Source : independent.lk
Local News•
May 2, 2026 at 7:33 PM

Hopes Fade for Recovery of Rs. 13.2 Billion Lost in Major NDB Bank Fraud.

Financial experts and banking officials suggest that recovering the Rs. 13.2 billion lost in the recent NDB fraud is highly unlikely due to the funds being converted into untraceable cryptocurrency. The situation has raised concerns regarding regulatory oversight and potential repercussions from the Financial Action Task Force (FATF).

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Economy

OPEC Fund Unveils $1.5 Billion Global Economic Resilience and Trade Initiative.

April 29, 2026 at 8:12 PM

The OPEC Fund for International Development has introduced a $1.5 billion financing program, titled E-STAR, aimed at bolstering trade, economic stability, and resilience across its partner nations.

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OPEC Fund Unveils $1.5 Billion Global Economic Resilience and Trade Initiative
Image Credit : thehighstreetjournal.com
Technology
Startup Pursuit Secures $22 Million to Simplify Government Sales via AI

Startup Pursuit Secures $22 Million to Simplify Government Sales via AI.

April 29, 2026 at 4:33 PM
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Technology

Citi Debuts AI-Driven Wealth Assistant 'Citi Sky' Amidst Memory Technology Hurdles.

Citi has launched 'Citi Sky,' a 24/7 AI-powered wealth advisor, while acknowledging that memory limitations in AI models remain a critical barrier to providing seamless long-term financial guidance.

April 29, 2026 at 9:53 AM
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Finance
Kompas VC Secures €160 Million to Navigate Global Economic Fragmentation

Kompas VC Secures €160 Million to Navigate Global Economic Fragmentation.

April 29, 2026 at 3:06 AM
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Business•
April 28, 2026 at 11:31 PM

LB Finance Secures $15 Million Funding Boost from Swiss Impact Investor.

Sri Lanka’s LB Finance has finalized a $15 million senior debt facility with Switzerland-based Enabling Qapital to boost MSME lending and promote financial inclusion across the nation.

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