Rishabh | Pixr8 News

5Feb By RishabhNo Comments

FUNDING

Bharti Airtel Receives Rs 2,649Cr Funding from Singapore Telecom Giant Singtel

Singapore's largest mobile network operator Singtel has invested Rs 2,649 crore in Bharti Telecom Ltd. boosting its stakes by 48.9 percent. Singaporean Telecommunications has over 4.1 million subscribers and through subsidiaries, has a combined mobile subscriber base of 640 million customers at the end of financial year 2017. “Airtel Limited...announced that Singapore Telecommunications Limited (Singtel)... will invest Rs2,649 crore in Bharti Telecom Limited (Bharti Telecom), the promoter company of Airtel through preferential allotment of shares,” Bharti Airtel said in a statement. "Singtel International Investments will be allotted up to 85,450,000 new equity shares in Bharti Telecom at an issue price of INR310 per equity share," Singtel said in a statement Monday. Through its wholl...

Electric Vehicles and its Impacts on Future

5Feb By RishabhNo Comments

Automobile

Electric Vehicles and its Impacts on Future

"We will not stop until every car on the road is electric"- Elon Musk The above line by founder of Tesla (world's first electric automobile company) is somewhat going to be true in upcoming decades. Electric vehicles are taking over the traditional diesel and petrol engines, due to the growing concerns on fossil fuel consumption and pollution; electro-mobility is now bound to happen in the following decade. Going back into the history, a similar transition happened when horses were replaced by high-horsepower internal combustion engines that gave birth to the automobile sector, which is now a prominent figure in GDP of most countries in the world. “HUMAN inventiveness…has still not found a mechanical process to replace horses as the propulsion for vehicles,” lamented Le Petit Journ...

Despite Fall in iPhone Sales, Apple Makes Biggest Ever Company Profit

2Feb By RishabhNo Comments

ANALYSIS

Despite Fall in iPhone Sales, Apple Makes Biggest Ever Company Profit

The quarterly profit results for the most crucial quarter of Apple are out, and those are outstanding! Breaking its own record which was set 2 years ago, Apple posted a revenue of $88.3 billion and net quarterly profit of $20.1 billion. The results come after the launch of its $999 surprise phone- iPhoneX which was launched in November, along with the expected iPhone 8. “iPhone X surpassed our expectations and has been our top selling iPhone every week since it shipped in November,” Cook said. iPhone X introduced a new feature called Face ID which was its stand out feature along with amazing selfie camera. As per the release, Apple sold over 77.3 million iPhone and over 13 million iPad. It generated a total of $88.29 million revenue, thanks to the higher prices of its new handsets...

Alibaba and Ant Financial Invested Net $500M in Zomato and BigBasket

2Feb By RishabhNo Comments

FUNDING

Alibaba and Ant Financial Invested Net $500M in Zomato and BigBasket

Alibaba's payment affiliate- Ant Financial has invested $200 million in restaurant discovery and food ordering app Zomato, latest stock exchange filings by Zomato's largest stakeholder- InfoEdge revealed. InfoEdge currently holds 45% stake in Zomato, and informed Bombay Stock Exchange on Thursday that the funding round includes a $50 million secondary share sale to Ant Financials, which will dilute its stake in Zomato to about 30.9% post the capital infusion. The primary and secondary shares of Zomato,value it at $880 million pre-money, according to the statement filings. Pixr8 reported in Semptember that Zomato may receive a $200 million funding from China’s payments giant Ant Financial Services Group, valuing it around $1 billion. “The expected date of completion of sale/disp...

Jaitley On Digital Currency, ‘Cryptocurrency Not A Legal Tender, Govt. will Discourage Its Use’

1Feb By RishabhNo Comments

News

Jaitley On Digital Currency, ‘Cryptocurrency Not A Legal Tender, Govt. will Discourage Its Use’

Government has considered regulation of cryptocurrency in budget 2018. In order to regulate cryptocurrencies like Bitcoin, Finance Minister of India, Arun Jaitley said that cryptocurrency is not a legal tender and Indian government will discourage its use. However, the government is open to the 'blockchain technology' on which these cryptocurrencies work. The government will also be planning a roadmap to put some regulation on the cryptocurrency market. The digital currency world is currently not monitored by any regulating authority. Since the past year, cryptocurrency market has gained huge numbers of investors who are willing to put some considerable amount in the sector. Although even before the budget release, Arun Jaitley said that cryptocurrency is not a legal tender, but ...

7 Quotes from The Biggest Entrepreneur of 20th Century ‘Ingvar Kamprad’

30Jan By RishabhNo Comments

INSPIRATIONAL

7 Quotes from The Biggest Entrepreneur of 20th Century ‘Ingvar Kamprad’

The founder of IKEA and Ikano, and one of the greatest entrepreneurs of the 20th century, Ingvar Kamprad, has peacefully passed away, at his home in Småland, Sweden, on the 27th of January. Surrounded by his loved ones, he died at the age of 91, following a short illness. Ingvad Kamprad was a great entrepreneur who was hardworking and stubborn, with a lot of warmth and a playful twinkle in his eye. He worked until the very end of his life, staying true to his own motto that most things remain to be done. Here are 7 quotes from his life's experience that will help other entrepreneurs do the miracle that this saga started at the age of just 17 years. “Only those who are asleep make no mistakes.” – Ingvar Kamprad 2. “What is good for our customers is als...

Budget 2018: Last 10 Years’ Figures Show Nifty Rising in the Month Following Budget

30Jan By RishabhNo Comments

ANALYSIS

Budget 2018: Last 10 Years’ Figures Show Nifty Rising in the Month Following Budget

If you are waiting for a dip to invest fresh capital in the market, especially after a strong rally seen in the equity market so far, then is this the right time for you? Let's have a look what history has to say. If you are waiting for a dip, then chances of happening that are very low. Have a look at the data shown below: As you can see, the market declined only 3 times out of 10 years(i.e. 2009, 2012, 2015). The Nifty raised 7% in both 2010 and 2011 and considerably 9% in 2016 in the following month of budget. It is also evident from the data that the scenario is just opposite in the month prior to the Budget release.There's a dip in the market 6 out 10 times and remained unchanged for the remaining 2 times. The Economic Survey that was released on Monday highlighted som...

Meaningful Exit Strategy for Startup Founders and Investors

29Jan By RishabhNo Comments

BLOGS

Meaningful Exit Strategy for Startup Founders and Investors

The startup industry is not doing it for the money, but money is one of the most talked about thing in the startup world. Money flows in the system at a greater pace and in considerable numbers. The scenario is pretty much clear for VCs, how they plan on making money by funding the startup at a nascent stage. For the founders, who are starting up or have already started up, its important for them to know how can they get most out from their startups. The optimal financial strategy for founders is to start bootstrap, raise seed funding, grow their venture and take exit. But at what stage should a founder plan his/her exit from the startup for better personal financial returns, is something we're often confused at! A lay man would say bigger the number, better the returns, well actu...

Valued at $10B, Paytm’s 200 Employees Become Millionaires

29Jan By RishabhNo Comments

BUSINESS

Valued at $10B, Paytm’s 200 Employees Become Millionaires

One97 Communication owned, payments and gateway company Paytm is now valued at $10 billion. As a result, the existing and former Paytm employees have been able to liquidate their vested ESOPS (employee stock ownership plan) by selling them to new investors including undisclosed family offices. Over 200 employees of the company liquidated their shares for Rs 300 crore. Earlier the company was valued at $7 billion when it raised $1.4 billion from SoftBank Group. This valuation has made Paytm, the second most valued startup after Flipkart, which is valued somewhere close to $12 billion. A similar sale round occurred early last year where a 100-crore employee liquidity event took place. Till now around 200 Paytm former and existing employees have been able to sell shares for Rs 500 c...

10 Most Expensive and Unsold Players of IPL 2018

27Jan By RishabhNo Comments

News

10 Most Expensive and Unsold Players of IPL 2018

The first day of IPL Auction 2018 has ended and England all-rounder Ben Stokes has captured all eyes by going with a bidding for Rs 12.50 crore. Here is a list of 10 cricket players who received highest bidding and some who didn't get so lucky today. Highest Paid Players Ben Stokes was also the most expensive player in the 2017, but this year the amount is 2 crore shorter than the previous year. In 2017 he received a bid of Rs 14.5 crore. Second position is a tie between KL Rahul(Team: Kings XI Punjab) and Manish Pandey(Team: Sunrisers Hyderabad)- their bid amount Rs 11 Crore each. For the third position in the maximum sellouts, Chris Lynn, booked himself for Rs 9.6 crore. Team: Kolkata Knight Riders For the fourth position,...

Largest Cryptocurrency Hack Ever, Over $500M Worth of Cryptocurrency Hacked

27Jan By RishabhNo Comments

News

Largest Cryptocurrency Hack Ever, Over $500M Worth of Cryptocurrency Hacked

Coincheck, a Japanese cryptocurrency wallet and exchange service, confirmed in a release that over $500 million worth of digital cryptocurrency, NEM tokens has been stolen, in the world's biggest crypto hack. As per the reports by Bloomberg, which attended the conference in Tokyo, Chuo Ward, Shingo Katsukutani, Coincheck Inc said that the coins were sent "illicitly" outside the venue. Co-founder Yusuke Otsuka said the company didn’t know how the 500 million tokens went missing, and the firm is working to ensure the safety of all client assets. Otsuka said that they know where the coins were sent and if they continue the tracing, it may be possible to recover them. This hack is the largest in terms of worth stolen since the digital cryptocurrency, Bitcoin was launched in 2009. Wha...

Apple Co-founder Steve Wozniak Sold All His Bitcoins

27Jan By RishabhNo Comments

News

Apple Co-founder Steve Wozniak Sold All His Bitcoins

In his recent conference at the Nordic Business Forum in Stockholm, the Apple Computer co-founder Steve Wozniak said that he has sold all his Bitcoins, that he once bought for $700. As per the price, he must have carried out the purchase either in June, or late October-early November of the year 2017. Although, he never revealed the quantity he purchased but he did say, "I remember getting interested in bitcoin some time ago. It was $70 for a bitcoin, man and I went online and you had to have a special bank account at a special bank and I couldn't buy any bitcoin so I gave up. Eventually I got some of them at the $700 stage and it went down to $350. I didn't invest, I did it so I could play with bitcoin," in an interview in June, 2017. He also said that he just wanted to experime...