Clipped from: https://www.business-standard.com/article/companies/softbank-group-to-invest-450-million-in-swiggy-at-5-5-billion-value-121041600042_1.html Second funding for food delivery startup in as many weeks The financing from Masayoshi Son’s Vision Fund 2 awaits approval from Indian antitrust
Month: April 2021
Rise of risk capital | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rise-of-risk-capital-121041501474_1.html Private funding is bridging a crucial gap India’s unicorn club is expanding rapidly, with 10 start-ups crossing the $1-billion valuation mark in just four months
Auto-debit bounces ease in March, but stay above pre-Covid levels – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/auto-debit-bounces-ease-in-march-but-stay-above-pre-covid-levels/2233863/ The share of unsuccessful auto-debit requests in volume terms eased from 36.65% in February. Bounce rates of anything above 25% remain a cause
The growth cost of intensifying lockdowns – The Financial Express
lipped from: https://www.financialexpress.com/opinion/the-growth-cost-of-intensifying-lockdowns/2234013/ The reported year-on-year GDP growth in the March quarter, and the quarter-on-quarter GDP growth in the June quarter, could dip into negative For
It is time for SMEs to tech up – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/it-is-time-for-smes-to-tech-up/2234017/ How technology will help revive small businesses impacted by the pandemic Let’s look at access to lending capital. By Porush Singh As the
Costlier crude, low base: WPI inflation shoots up to 8-year high of 7.39% – The Financial Express
Clipped from: https://www.financialexpress.com/economy/costlier-crude-low-base-wpi-inflation-shoots-up-to-8-year-high-of-7-39/2233907/ Rise in prices of some manufactured goods and food items like pulses and fruits also pushed the index. Retail (CPI) inflation scaled a
And the bad news keeps rolling in – COVID-19: The Financial Express
Clipped from: https://www.financialexpress.com/opinion/covid-19-and-the-bad-news-keeps-rolling-in/2233995/ The second wave, not yet over, will crush MSMEs further and, with it, the hopes of FY22 being the big-recovery year Corporate profits
Telecom market down to 3 private players, one operator increasingly becoming a question mark: Sunil Mittal – The Financial Express
lipped from: https://www.financialexpress.com/industry/telecom-market-down-to-3-private-players-one-operator-increasingly-becoming-a-question-mark-sunil-mittal/2233935/ Mittal also said India will be a force in the next 5-10 years as a major economy, building its success on industrial upliftment,
Changing nominee in NPS account? Here are the new nomination rules you should be aware of – The Financial Express
Clipped from: https://www.financialexpress.com/money/changing-nominee-in-nps-account-here-are-the-new-nomination-rules-you-should-be-aware-of/2233760/ A fresh nomination will have to be made by the subscriber on his/her marriage. Any nomination made before such marriage will be deemed
Personal hearing before NPA tag: RBI, lenders move SC – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/personal-hearing-before-npa-tag-rbi-lenders-move-sc/2233953/ A bench led by Justice R F Nariman refused to stay the entire HC judgment, but stayed a part which dealt with granting
Private credit is ‘solution capital’ – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/private-credit-is-solution-capital/2234010/ The main attractiveness of private credit, or direct lending to middle-market asset class, lies in its ability to be customised according to a
Wave II calls for stimulus part II–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/wave-ii-calls-for-stimulus-part-ii/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. If you put two and two together, no
India can be key player in global supply chain but has to rethink what its place will be: Indra Nooyi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/india-can-be-key-player-in-global-supply-chain-but-has-to-rethink-what-its-place-will-be-indra-nooyi/articleshow/82087623.cmsSynopsis Interacting with Niti Aayog CEO Amitabh Kant in an event organised by e-commerce major Amazon, Nooyi also stressed on the need to revamp
ETtech Scoop: Swiggy set to raise $450 million from SoftBank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/swiggy-close-to-raising-450-million-from-softbank-vision-fund-at-5-billion-valuation/articleshow/82082536.cmsSynopsis The SoftBank deal is likely to peg Swiggy’s valuation at $5 billion—pre-money or pre-investment—and is an extension of the $800 million funding round
How Lijjat Papad wrote its success story with only Rs 80 for seed capital – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/how-lijjat-papad-wrote-its-success-story-with-only-rs-80-for-seed-capital/articleshow/82078424.cmsSynopsis Life at Lijjat’s 82 branches begins early, with women lining up before dawn to drop off finished products, pick up freshly prepared lentil
Fresh lockdowns push India jobless rate to over 8% in first two weeks of April: CMIE – The Economic Times
Clipped from: https://economictimes.indiatimes.com/jobs/fresh-lockdowns-push-india-jobless-rate-to-over-8-in-first-two-weeks-of-april-cmie/articleshow/82083521.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis As of March 2021, employment in India stood at 398 million, which is 5.4 million short of the 403.5 million employed in 2019-20
A bank in the wallet? RBI has just taken Indian banking to next stage – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/a-bank-in-the-wallet-rbi-has-just-taken-indian-banking-to-next-stage/articleshow/82062459.cmsSynopsis Over the last decade, the digital wallet payment system has not only captured a significant market share but also completely revolutionised the payment
Inflation and lockdown worries weigh on G-secs; yields rise 10 bps – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/bonds/inflation-and-lockdown-worries-weigh-on-g-secs-yields-rise-10-bps/articleshow/82088660.cmsSynopsis The move came on a day when the Reserve Bank of India conducted its first government securities acquisition programme (G-SAP), a mechanism to
Piramal Enterprises Ltd.: Piramal aims to have 10-20 fintech partnerships in next one year – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/piramal-aims-to-have-10-20-fintech-partnerships-in-next-one-year/articleshow/82087669.cmsSynopsis The company which is in the process of acquiring Dewan Housing Finance has already inducted two technology platforms into its system that allow
Let’s get local for local: The opportunity for MSMEs is huge – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/lets-get-local-for-local/articleshow/82071369.cms Synopsis–For MSMEs, marketing has always been considered difficult and expensive. Today, the sector seems even more circumspect because of the second wave of
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