Deepening the funding crisis that startups have been witnessing for some time, the October inflows plunged 75 per cent on-year to $3.3 billion across 75 deals, including six large deals worth $2.2 billion, according to an industry report. Exits touched half of the inflows at $1.6 billion across 15 deals in the reporting months, a significant improvement over the previous month which saw just $653 million worth of exits across 24 deals, but 69 per cent lower on-year basis, according to the numbers collated by EY for the Indian Private Equity & Venture Capital Association, the umbrella body the PEs and VCs. However, the report said, on a month-on-month basis, the inflows continued to grow, clipping at 60 per cent over the September numbers.
No case of the new Omicron variant of coronavirus has been detected in India yet, a senior government official said on Monday.
An increase of 2,613 cases has been recorded in the active COVID-19 caseload in a span of 24 hours.
Private equity investments in Indian companies grew 38 per cent to $62.2 billion last year, with inflows into Reliance Industries' telecom and retail ventures contributing nearly 40 per cent of the total value of the deals, a report said on Wednesday. Barring investments into Jio Platforms and Reliance Retail, the total deal value was down by 20 per cent over 2019 as the volume of large deals of more than $100 million dipped by a fourth, as per the report by Bain & Company and India Venture Capital Association. Overall investment activity remained muted from March to May last year due to COVID-led uncertainties and investor confidence recovered strongly in the second half to pre-COVID levels with late-stage and buyout deals witnessing increased traction, it said.
While traveling through India on the Palace on Wheels, Rachel Varghese, president of the Houston based Indo-American Charity Foundation, witnessed the affection that Indians have for the Gandhi family. Varghese, a social worker, compares the Gandhi family to the Kennedy clan in the United States.The foundation has been serving the Greater Houston area by raising funds from the Indian community and corporations for programmes in education, healthcare, children and other issues
Chief Justice of India N V Ramana on Thursday said the government not giving priority to the medical sector and its problems such as insufficient number of professionals and infrastructure are 'issues of immediate concern' as he lamented that doctors are brutally attacked on duty for someone else's failure.
The active Covid cases have increased to 1,32,457. They comprise 0.30 per cent of the total infections, while the national COVID-19 recovery rate was recorded at 98.49 per cent, the ministry said.
The active cases comprise 0.30 per cent of the total infections.
An increase of 3,482 cases has been recorded in the active COVID-19 caseload in a span of 24 hours.
BJP candidate and former chief minister Bhajan Lal's grandson Bhavya Bishnoi on Sunday defeated his nearest rival and Congress nominee Jai Prakash in the Adampur assembly seat by-election, retaining the family bastion.
Tech grads from BITS Pilani identify a problem and then use technology to solve it. The Visit story.
The death toll has climbed to 5,24,157 with 54 fatalities, the data updated at 8 am stated.
The death toll has climbed to 5,25,343 with 38 new fatalities, the data updated at 8 am showed.
Akansha Dixit, who works in a firm in Mumbai, tells Rediff.com's A Ganesh Nadar what she would like to see in Finance Minister Nirmala Sitharaman's Budget.
Railways Minister Mamata Banerjee on Thursday ruled out corporatisation of the country's railroad network but said the private sector's participation can be considered for commercial use of railway land in areas like healthcare and \neducation institutions.
The active cases constitute 0.05 per cent of the total infections.
The death toll climbed to 5,25,199 with 31 new fatalities, the data updated at 8 am stated.
Benchmark indices failed to hold on to early gains and closed in the red for the seventh straight session on Thursday, with participants remaining in wait-and-watch mode ahead of the RBI's interest rate decision. Unabated selling by foreign funds added to the pressure, though a modest recovery in the rupee cushioned the fall, traders said. After rallying in early trade, the 30-share BSE Sensex came under selling pressure in the afternoon session and closed 188.32 points or 0.33 per cent lower at 56,409.96.
The death toll due to the disease has climbed to 5,26,110 with 36 new fatalities being recorded.
Indian cricket icon Sachin Tendulkar has financially assisted the treatment of 100 underprivileged children suffering from critical ailments across six states, the charity foundation with which the former captain is associated said.
The active cases comprise 0.04 per cent of the total infections, while the national COVID-19 recovery rate was recorded at 98.75 per cent, the ministry said.
The death toll climbed to 5,24,941 with 38 new fatalities, the data updated at 8 am stated.
The health ministry said that 5,22,149 deaths have been reported so far in the country.
'A start-up with 100 people has reduced the strength to 60-80 people to reduce cost.' 'Even if there is attrition, they prefer not to replace them.'
The death toll climbed to 5,25,557 with 38 new fatalities, the data updated at 8 am stated.
The number of people who have recuperated from the disease surged to 4,26,90,845.
The death toll climbed to 5,24,323 with 20 fresh fatalities, the data updated at 8 am stated.
'Having dedicated my life towards improving breast healthcare in my motherland. I shall continue to work with rock-solid determination following this "chosen" path.'
Top officials of health ministry on Thursday informed a parliamentary panel that there are 23 cases of Omicron variant of COVID-19 and authorities are closely monitoring the situation, government sources said.
Among the many exits from the billionaire's club in 2022 are D Uday Kumar Reddy of Tanla Solutions (net worth down 66 per cent), Sushil Kanubhai Shah of Metropolis Healthcare (down 65.7 per cent), Vijay Shekhar Sharma of One97 Communications (down 66 per cent), and C K Birla (down 43.4 per cent).
The announcement sparked a sharp reaction from the Indian Medical Association, Uttarakhand, which termed it "illegal".
The active cases comprise 0.04 per cent of the total infections. The national COVID-19 recovery rate was recorded at 98.74 per cent, the ministry said.
In his remarks at the meeting, the prime minister underlined the importance of vaccination and the need to further accelerate the 'Har Ghar Dastak' programme to achieve 100 per cent vaccination coverage.
The company said the drug will be made available across India through the group's strong distribution chain reaching out to government and private hospitals treating COVID-19 patients.
Billionaire Mukesh Ambani has set targets for his three kids whom he has identified for takeover of telecom, retail and new energy business. Speaking at his father Dhirubhai's anniversary, celebrated as Reliance Family Day, he said the oil-to-telecom-to-retail conglomerate Reliance industries Ltd has embarked on a journey of comprehensive self-transformation. "The end of 2022 is when Reliance will have crossed the half-way mark of its Golden Decade.
India's mobile-phone market grew to 183 million handsets in 2011.
According to HSBC, the 'storm has abated' for the Indian markets as the US Fed has deferred tapering of its quantitative easing stimulus, and as the new Reserve Bank of India Governor Raghuram Rajan has taken steps to contain the rupee fall.
'Investors need to have a fairly diversified basket of funds within equities.' 'We want them to allocate to largecap funds, midcap funds and flexicap schemes.'
Weeks after the second wave peaked in many parts of the country, we are rapidly forgetting what happened to our hospitals, cautions Mihir S Sharma.
