Advertisements The funds raised will be lent to mid and growth-stage startups, through a variety of debt products BlackSoil, a debt financing firm, has raised INR 250 crore from family offices, prominent ultra-high-net-worth individuals/high-net-worth individuals, and marquee institutions. It is… Read More ›
Community
Most Companies Die Because They Don’t Get Capital At Right Point: Recur Club Founder
Advertisements The investors get access to quality companies and new asset classes for recurring revenue who do not have any exposure while generating fixed returns on investments. So it’s a win-win for both parties Startups must put in a lot… Read More ›
India Will Soon See The Advent Of 5G Mobile Services: PM
Advertisements India will soon see the advent of 5G mobile services, Prime Minister Narendra Modi said on Monday as he rooted for ‘Made-in-India’ technology solutions to meet challenges of new India. The Prime Minister said that it is time for India’s techade… Read More ›
Foreign Exchange Reserves Fall USD 897 Mn To USD 572.98 Bn In Week Ending Aug 5
Advertisements India’s foreign exchange reserves fell $897 million to $572.978 billion in the week ended August 5, according to the Reserve Bank of India’s (RBI) bulletin weekly statistical supplement. The fall was witnessed after it rose during the week ending… Read More ›
Retail Inflation Eases To 6.71 Percent In July As Food Prices Soften
Advertisements Retail inflation softened to 6.71 per cent in July, mainly on account of moderation in food prices, government data showed on Friday. In June, retail inflation was at 7.01 per cent and it stood at 5.59 per cent in… Read More ›
Cloud Virtualisation Provider Nutanix Lays Off 270 Employees
Advertisements Cloud virtualisation provider Nutanix hasannounced to lay off 270 employees, whichrepresents 4 per cent of its global workforce.The company said the decision has been takenfollowing a review of its business structure and after taking other cost-cutting measures to reduceexpenses…. Read More ›
Rupee Depreciates 12 Paise To Close At 79.64 Against US Dollar
Advertisements The Indian rupee depreciated 12 paise at close on Thursday after reversing early gains due to sharp rise in crude oil prices. At the interbank foreign exchange market, rupee ended at 79.64, after opening strong at 79.2225 from its… Read More ›
Indian General Insurance Sector Logs 21 Percent Premium Growth In July
Advertisements The Indian non-life insurance industry closed last month with 20.82 per cent premium growth as compared to the previous year’s corresponding period. According to the Insurance Regulatory and Development Authority of India (IRDAI) the non-life insurance sector had earned… Read More ›
India Could Emerge As Asia’s Strongest Economy In 2022-23, Says Morgan Stanley
Advertisements India could emerge as Asia’s strongest economy in 2022-2023 as it is best-positioned to generate robust domestic demand, helped by economic policy reforms, a young workforce and business investments, Morgan Stanley economists said. The brokerage expects India’s growth to… Read More ›
iRobot Lays Off 10 Percent Workforce Amid USD 1.7 Bn Amazon Acquisition
Advertisements Global consumer robot company iRobot, acquired by Amazon for $1.7 billion last week, has laid off 10 per cent of its workforce — nearly 140 workers. The company said that to better align its cost structure with near-term revenue,… Read More ›