Licious in advanced stages to close $25-30 million funding round
The latest round, which is expected to close over the next few days, will value the firm at $250-300 million, a significant uptick from the $150 million valuation it commanded in its last round of equity financing.
MoUs signed with Amazon, Flipkart to provide global market access to MSMEs
Dr Guruprasad Mohapatra, Secretary in the Department for Promotion...
A wealth-creation idea whose time has come: credit risk fund
This is a type of debt MF that invests in debt instruments that are rated low on...
India gifts patrol vessel to Maldives as net security provider of region
The brand-new vessel will be manned by eight Maldives personnel trained in India and will be an asset for the Maldives in enhancing its maritime security, fostering its blue economy and safeguarding its tourism industry. India is a key supplier of defence equipment to the Maldives and also trains its military personnel.
Markets appear at an all-time high, but it is good time to invest in equities, says Atul Kumar of Quantum Mutual Fund
Over the long term, we remain optimistic on Indian equities, says Atul Kumar of Quantum Mutual Fund
Motilal Oswal Mutual Fund launches two large cap index funds
The mutual fund house has launched two index funds based on the most popular indices, Nifty 50 and Nifty Next 50.
Karvy Broking holds back clients’ funds
Many disgruntled customers have been venting their anger on Twitter.
Rajya Sabha passes Bill to provide ownership rights in unauthorised colonies in Delhi
The Bill recognises the property rights of residents of 1,731 unauthorised colonies and also provides some relief to the residents of such colonies in Delhi from registration charges. The properties in these colonies are at present not being registered by registration authorities.
US Federal Reserve keeps rates steady, signals no change in 2020
The Fed said it will continue to monitor the implications of data for the economic outlook.
Irdai okays debt ETFs of CPSEs as eligible class of investment for insurers
The instruments have been permitted as eligible class of investment, according to guidelines issued by the insurance regulator.
MTNL seeks shareholders' nod for fundraising, monetisation of land & buildings
MTNL said the company's extraordinary general meeting will be held on January 8, 2020, in this regard.
Why India's Pakistan policy needs a rethink
From Washington through European capitals to Moscow, Beijing and Tokyo, the world is taking a more relaxed view of Pakistan. At the same time, the view about India is taking a beating. Apart from major powers and the developed economies, almost all of India’s neighbours are also willing to carry on business as usual with Pakistan. Why?
What is the maximum age limit to open a PPF account?
The lock-in period for PPF account holder remains at 15 years irrespective of the age at which you open the account. On maturity, the account can be extended by blocks of 5 years any number of times. Banks cannot deny the extension based on your age.
View: Saudi Aramco's true value is still a mystery
A more open Aramco can only be a good thing, but much will depend on whether it embraces transparency (despite the Kingdom of Saudi Arabia owning almost all of the stock). The IPO process invited a global discussion about Aramco’s true value.
US body, COAI, others, question Trai's attempt to regulate cloud service providers
In its response to the Trai consultation paper on cloud services, the US India Business Council (USIBC) said there’s more than sufficient regulation of cloud services in the industry and Indian CSPs should not be subject to new regulation. COAI, an industry body that represents private telcos, too questioned Trai’s authority to regulate CSPs.
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