Posts Tagged “India”

UTI, Nippon India Mutual Fund set aside Voda Idea debt

By |

UTI, Nippon India Mutual Fund set aside Voda Idea debt

Mutual funds invested in the debt of Vodafone Idea, the telco that must pay the government Rs 53,000 crore in dues, has begun segregating those investments into a separate portfolio after the company’s creditworthiness was downgraded in light of the stressed finances. UTI Mutual Fund and Nippon India MF Monday decided to create a segregated portfolio, following…

Read more »

Goliaths of India property rise as slowdown swallows small firms

By |

Goliaths of India property rise as slowdown swallows small firms

Indian home buyers are flocking to the nation’s well-funded publicly traded developers as risks of stalled and delayed housingNSE 1.23 % projects mount at smaller players in the industry. While overall home sales remain weak, India’s top nine listed real estate companies saw sales jump 159% in the year ended March from 2017, when the slowdown began,…

Read more »

Unicorn India Ventures launches ₹400 crore tech-focused fund

By |

Unicorn India Ventures launches ₹400 crore tech-focused fund

MUMBAI: Unicorn India Ventures has launched a ₹400 crore fund, its third venture capital fund, to back companies at the pre-Series A and Series A stage, said managing partner Anil Joshi. The fund, which has already received commitments worth ₹50 crore, aims to invest exclusively in business-to-business technology startups, including software-as-a-service, artificial intelligence, machine learning, and Internet of…

Read more »

Omidyar India grants Rs 16 Cr to fund research on property rights

By |

Omidyar India grants Rs 16 Cr to fund research on property rights

To resolve these issues, Omidyar Network India announced a grant of Rs 16 crore to form a multi-organisation research consortium to secure rights to assets like property and housing. This includes Rs 3.5 crore to back proposals from various places across the country. Omidyar Network works with entrepreneurs, non-profits and public institutions trying to solve India’s most difficult problems. The grant will fund institutions…

Read more »

Clash with India wrecks Pakistan’s stock market, Karachi Stock Exchange crashes 1,500 points

By |

Clash with India wrecks Pakistan’s stock market, Karachi Stock Exchange crashes 1,500 points

The Pakistani stock market tanked in trade today amid reports that Pakistan Air Force’s F-16 that violated Indian air space was shot down in Indian retaliatory fire 3 km within Pakistan territory in Lam valley, Nowshera sector. The Karachi Stock Exchange (KSE) 100 crashed 1,491 points to 37,330 level today compared to its previous close…

Read more »

India expected to import up to 1 million tonnes of corn in 2019: Traders

By |

India expected to import up to 1 million tonnes of corn in 2019: Traders

India is likely to import up to 1 million tonnes of corn this year as lower production and growing domestic poultry consumption boosts demand for overseas purchases, two traders estimated on Thursday. Below-normal monsoon rains and an infestation of the fall armyworm, which devastated African corn crops in 2017, have slashed India’s corn output and…

Read more »