Power consumption grows 2.6% in January
India’s power consumption grew marginally at 2.6 per cent year-on-year in January to 112.67 billion units (BU), showing the impact of local restrictions imposed by states amid the third wave of COVID-1 Power consumption in the entire January last year was 109.76 BU, which was 4.4 per cent higher than 105.15 BU in January 2020, […]
BlackBerry To Sell Patents Related To Mobile Devices, Messaging For $600 Million
BlackBerry Ltd said on Monday it will sell its legacy patents primarily related to mobile devices, messaging and wireless networking for $600 million to a special purpose vehicle formed to acquire the company’s patent asset BlackBerry said the transaction with the vehicle, Catapult IP Innovations Inc, will not impact customers’ use of its products or […]
Sensex Down 4,000 Points: What Should Mutual Fund Investors do?
The year 2022 started on a volatile note with capital markets across asset classes witnessing a sharp correction amid investor concerns over tighter monetary policy settings in 2022 and geopolitical tensions. The benchmark index BSE Sensex has fallen over 3,000 points in the last 15 days, which is in line with the fall in global […]
Sebi Advises MFs To Stop Investing In Int’l Stocks
The Securities and Exchange Board of India (Sebi) has advised mutual funds investing in overseas securities to stop further investments in foreign stocks to avoid breach of industry-wide overseas limits, two industry executives independently confirmed to Mint on the condition of anonymity Mutual funds can make overseas investments up to $1 billion per mutual fund, […]
IPO-bound Delhivery Announces Investment In Falcon Autotech
IPO-bound logistics service Delhivery has announced its investment in Falcon Autotech, a logistics automation solutions provider. This is in line with Delhivery’s stated objective of sustained investments in future-ready hardware solutions in its operations The amount invested is undisclosed by both the firms. With this partnership, Delhivery expects to work closely with Falcon Autotech to design […]
Reliance Retail picks 25.8% stake in Dunzo for $200 million
Reliance Industries Ltd’s retail arm has invested $200 million (around ₹1,488 crore) in Bengaluru-headquartered Dunzo as it looks to get a foothold in the country’s rapidly growing market of quick delivery With the investment of $200 million, Reliance Retail will own 25.8% stake in the online delivery platform on a fully diluted basis Existing investors Lightbox, […]
Stick To Your Investment Plan Even If Market Is Volatile, Says Ajay Tyagi Of UTI AMC
Ajay Tyagi, Head of Equity at UTI AMC has advised that new age investors have to avoid timing the market, have an asset allocation plan, follow this plan systematically and stick with it even when things look volatile in the short run Investors trying to change their investment strategy every now and then to make […]
AI firm Fractal becomes second unicorn in 2022 with $360 million investment from TPG
Fractal, a US-based artificial intelligence firm, becomes the second unicorn in 2022 with the latest investment of $360 million from the private equity firm TPG Capital Asia. The funding will close by the first quarter of 2022 With the latest investment, the company’s valuation has exceeded $1 billion, according to industry sources. Mamaearth, valued at […]
Capricorn Investment Group Takes 20% Stake in Norselab’s European Impact Investment Platform
OSLO, Norway & NEW YORK–(BUSINESS WIRE)–Capricorn Investment Group makes their first move into the Nordic venture space with their investment in Norselab, an Oslo-based European impact investment manager for private capital With their thoughtful approach to innovative impact investments, Norselab stands out as an ideal partner to expand our presence into the Nordics and Europe. […]
State Bank of India invests $20 million in Pine Labs
Bengaluru India’s largest lender, the State Bank of India NSE 0.90 %, has invested $20 million in Pine Labs, the fintech startup said Tuesday without sharing any further details of the deal The IPO-bound online payments and merchant solutions platform raised around $700 million in multiple tranches last year and was last valued at $3.5 billion. ET reported […]
