Sources further said that WhatsApp's policy update would also be evaluated in the context of the current legal framework.
Initial share sales are set to dazzle the Dalal Street in 2022 too as companies are expected to garner up to Rs 1.5 lakh crore in the New Year, continuing with the bullish momentum after 2021 turned out to be the best IPO year in two decades for the Indian market. Excessive liquidity and increased retail investor participation ensured a persistent euphoria in the Initial Public Offer (IPO) space wherein companies mopped up more than Rs 1.2 lakh crore this year even as pandemic gloom shadowed the broader economy. In 2022, the higher amount of funds through the primary market will be largely driven by the mega IPO of state-owned Life Insurance Corp (LIC).
'To hear this was heartbreaking.' 'Imagine a stalwart like Surekhaji having to audition like a newcomer!'
'Don't you know, the best way for a wedding to be splashed across media platforms is to maintain a no-trespassing stance.'
Shravin Mittal's venture capital firm, Unbound Advisors, has made investments worth over $500 million so far
'I have lost a piece of my heart.' 'I can cry me a river and write words & words.. but I can never completely express what he means to me.' 'Mera yaar ...KK!!'
Flipkart Group on Monday said it has raised $3.6 billion (about Rs 26,805.6 crore) in funding led by GIC, Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund 2 and Walmart, valuing the e-commerce giant at $37.6 billion. The company, which competes with Amazon, Reliance Industries' JioMart and others in the burgeoning Indian e-commerce market, said it will continue to make deeper investments across people, technology, supply chain and infrastructure to address the requirements of a rapidly growing consumer base in the country. The current funding round has also seen participation from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad as well as marquee investors Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global.
Most Indian fathers still want their children to study at the IITs and IIMs and draw a six-figure salary.
Javed Akhtar is among the millions who believe that Lata Mangeshkar's voice is therapeutic.
Modi congratulated Kejriwal for the thumping victory
Monsoon is here, and time to bring out the chhatris.
Falling valuations, slowing funding rounds and faltering investor sentiment seem to have prompted many start-ups to lay off employees in a bid to conserve cash. The latest to do so is SoftBank-backed Cars24, a leading e-commerce platform for pre-owned vehicles, which has laid off over 600 staff, according to sources in the know. The move, they said, is aimed at conserving cash amid cautious investor sentiment and a slowdown in funding.
Likening India's progress to that of a vehicle that only has accelerator and no brakes, the RSS chief said those trying to stop it will either step aside or be eliminated.
'This man changed the mindset of a generation.'
'When he appeared on Indian Idol, he was on a wheelchair and he had difficulty moving around.' 'It was sad to see him in failing health'.'
Sanjay Dutt, who is rumoured to be suffering from lung cancer, returned to work after reportedly completing the first round of chemotherapy at Mumbai's Kokilaben Dhirubhai Ambani hospital.
The stock-and-cash deal is the biggest in the education space.
Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution process. Deposit Insurance and Credit Guarantee Corporation (DICGC) in the first lot will pay customers of 20 stressed banks except PMC Bank. For the first lot, the mandatory 90 days period concludes on November 30.
The preparations for this year's Indian Premier League is gathering steam as the eight teams sweated it out in the United Arab Emirates.
Private equity investments, which ballooned to nearly $25 billion over the past four years are likely to continue strongly through 2010, driven by robust economic growth and attractive market valuations, a latest report says.According to a study by global consulting firm Boston Analytics, around 903 private equity investments worth $24.8 billion in value were made in India from 2004-2007, with more than 45 of those deals exceeding $100 million.
The Delhi-based Parsvnath Developers received $47 million (Rs 186 crore) from twoSaffron Group funds to develop a residential and shopping complex on a now-defunct bus depot at Kurla in central Mumbai. The Mumbai-based Lodha Group got $54 million from a HDFC-sponsored, Mauritius-based fund. The fund will take a 45 per cent stake in a special purpose vehicle, which will develop projects in Hyderabad, Lodha said in Mumbai on Thursday.
Saffron Asset Advisors, which manages the real estate investments of NYSE Euronext-listed Yatra Capital, is now planning to launch a bouquet of funds focusing on India. The company is aiming at a total corpus of Rs 4,000 crore (Rs 40 billion) in the next couple of years.Starting from real estate, the company will launch sector-specific funds such as healthcare, logistics, infrastructure, hospitality.
RCom intends to utilise the proceeds of the proposed transaction to reduce its debt.
Global equity companies have no plans to put their money in the Indian aviation industry even though the carriers are seeking $2.5 billion in cash for expansion. Most players are looking at investing in into large established airlines, but right now are in the wait and watch mode. It will therefore be difficult for low-cost carriers to get funding. The losses of the Indian aviation sector and high valuation expectations are the reasons why investors are not interested.
Modi on Friday invited the Congress leaders at his Race Course Road residence at 7 PM, sources said.
In a bid to grab a larger pie of the 71,000-crore (Rs 710 billion) auto components segment, the Rs 2,500-crore (Rs 25 billion) Yash Birla group has decided to revitalise its auto tool business by infusing equity capital through an initial public offering (IPO) for a proposed holding company.
To mark World Whiskey Day, a toast to its memorable imagery in Hindi films.
Sukanya Verma gives you various untried Bollywood combinations we would like to see on screen.
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