Tuesday, April 20, 2021

Harshita Sharma

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...

Meesho Becomes The New Entrant In The Unicorn Club After SoftBank-Led $300 M Funding

On Monday, Meesho announced raising $300 million in a new round of funding led by SoftBank Vision Fund 2. With this, the social commerce startup’s valuation rose to $2.1 billion. Existing partners like Prosus Ventures, Facebook, Shunwei Capital, Venture Highway,...

Macrotech Developers IPO: Grey Market Price, Lot Size And Other Details

Ahead of the company's Initial Public Offering (IPO), the shares of Macrotech Developers (formerly known as Lodha Developers) traded at only 4 to 5 per cent over issue price in the grey market. The real estate company's Public Issue for...

Bank Unions Call For “Intensifying Their Fight” against Privatization Bid

Bank unions across India have voiced again and threaten to hold more strikes against the Union Government's decision to privatize some Public Sector Banks. On Sunday, in the general council meeting of the All India Bank Employees Association (AIBEA) members...

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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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