Tuesday, April 13, 2021

Harshita Sharma

SEBI Imposes ₹25 Cr Fine On Yes Bank

On Monday, The Securities and Exchange Board of India (SEBI) imposed a monetary penalty of ₹25 crores on Yes Bank in the additional tier 1 bond (AT-1) mis selling case. The notice was also sent to Yes Bank Limited...

6 Indian Startups Joins Unicorn Club In Just Four Days  

6 startups raised a funding of $1.55 billion (Rs 11,580 crore) and entered the unicorn club within 4 days, April 4-April 6. It has been a bench-marking week in the domestic domain of start-ups. Just a dozen privately held startups...

Infosys To Call For Buyback Of Shares On April 14

On Sunday, Global leader in the next general digital services provider, Infosys, in a listing to Bombay Stock Exchange (BSE), said that its Board would consider a proposal for buyback of fully paid-up equity shares of the company. The...

India’s Forex Reserves Continue To Drop, Shows RBI Data

As per the data showed by the Reserve Bank of India (RBI), the country’s foreign exchange reserves declined by $2.415 billion reaching $576.869 billion in the week ended April 2. In the week ending March 26, the reserves saw a...

Investment in IPO: What Points You Should Keep In Mind?

Deciding on investing in an IPO is as tedious as choosing career goals. It involves adequate research and dedicated quality time in analyzing the appropriate option for you. Thus, it is essential to have a checklist before you venture...

Women Skilling And Employment Platform Wit-ACE Raises $1M Funding In Seed Round

On Thursday, WiT-ACE (Women in Technology- Accelerated Career Experiences) announced that it has raised $1 million as a part of the first seed funding led by founders of CitiusTech. Amongst the investors others were CP Gurnani, CEO- Tech Mahindra;...

With rise In Covid-19 Cases, Lockdowns, NBFC Sector Under Pressure: Fitch

As per the Fitch Ratings, with the resurgence of the second wave of covid-19, India's non-bank financial institutions (NBFC) face renewed asset quality and liquidity risks and could delay recovery in the sector. The agency said if recent restrictions to...

Swiggy Gets $800 M From New Investors in Funding

Bengaluru-Based Foodtech startup Swiggy has raised $800 million in the latest Series J round of financing with new investors like Falcon Edge Capital, Amansa Capital, Think Investments, Carmignac, and Goldman Sachs, as per an internal memo sent to employees...

AR Startup PlayShifu Raises $17 Million in Its Series B Funding

On Tuesday, Augmented-Reality startup PlayShifu announced that the company raised $17 million (nearly Rs 125 crore) in a Series B round with a valuation at Rs 480-500 crore. PlayShifu helps the children develop foundational skills through physical and digital...

Dr Chintan Vaishnav To Succeed The Post Of Mission Director of Atal Innovation Mission (AIM)

Dr Chintan Vaishnav, a socio-technologist has been appointed the new mission director of Atal Innovation Mission (AIM). It is a government’s flagship initiative for national Innovation and entrepreneurship under NITI Aayog. Since the establishment of AIM in 2017, R Ramanan...

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A financial news enthusiast and a keen observer of stock market, I bring to you all the updates from the Business World. So, check out my posts and stay tuned with the major (informational) happenings that you should not miss!
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SEBI Imposes ₹25 Cr Fine On Yes Bank

On Monday, The Securities and Exchange Board of India (SEBI) imposed a monetary penalty of ₹25 crores on Yes Bank in the additional tier...