Bombay Hemp Company Pvt Ltd. (BOHECO), raised Rs3.08 Crore capital from Ginni International Limited, a textile company based in Hong Kong and existing investor, Mukhtar Tejani of Gits Food. The company had previously allotted 308,063 shares worth Rs100 each. BOHECO previously raised 6.25 crore from a group of investors that included the notorious Ratan Tata, […]
JSW Group announced an additional investment not exceeding $500 million on its steel pipes and plates factory in Texas, which will allow them to make full use of the 1 million ton installed facility they acquired in 2007 instead of obtaining raw steel from Latin America and India. The group acquired the facility from then […]
Bluestone, the online jewelry commerce, received a funding of Rs8.2 crore from OBOR Capital and Rs3 crore from Kalaari Capital, according to the latest MCA filings. The company appears to have raise an additional funds of $6 million from existing investors as well. The filings also report that the company earned about Rs1 crore from […]
Karma Healthcare, a health tech startup received Rs 3 crore as stock funds from early stage investment firm 1Crowd, existing investors comprising of Ankur Capital, Ennovent Capital and Beyond capital, and informal investors in a bid to scale operations and improve their technology. “We are grateful to all our investors for reposing faith and commitment […]
Google announced a ban on online advertisements sponsoring cryptocurrencies and initial coin offerings as from June, this new policy forms part of a major crackdown on the promotion of a new type of high-risk financial products. Alphabet Inc., Google’s parent company announced yesterday night the decision of updating its current ad policy stating the search […]
Elliott Management, the activist hedge fund credited in the change of Cognizant’s business model two years ago, recently bought a tiny stake in Wipro, the Information Technology Services Corporation. This investment further highlights the 34-billion hedge fund company’s interest in Indian IT companies as it presently owns two companies in this sector out of their […]
A major ‘U-turn’ event is likely to be taking place at India’s leading technology enabled logistics company ‘Rivigo’. The news is coming that more than half a dozen major executives, managers, senior and mid-level executives have decided to resign from their respective positions in the company. Rivigo offers pan India services to e-commerce, pharmaceutical and FMCG […]
As Lucknow welcomes the heads of states and governments, ministers, leaders from the corporate world, heads of international institutions for the UP Investors Summit 2018, the event is said to be attended by at least 18 Union ministers and 100 speakers. The event organised by the Chief Minister Yogi Adityanath of ‘Nawabo ka Sheher’ Lucknow was aimed at […]
Auto Expo 2018 has been more of an Electric Vehicle Expo! Almost every company that participated in the event has announced or showcased its plans for next generation electric vehicles. It is certain that the electric vehicles are the future of transport industry- from motorbikes, scooters, and cars to big trucks. This years Auto Expo […]
Mumbai based diamond manufacturer and distributor Laxmi Diamond Pvt Ltd’s Ashok Kumar Gajera has invested Rs 2 crore in food technology startup Holachef a financial daily reported. Holachef is a food delivery service from its “innovative food combos”. The funding is raised at the same valuation as its $5 million Series B round which was […]
“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 […]
Benchmark Sensex crashed over 300 points in afternoon trade today after Finance Minister Arun Jaitley announced 10 per cent tax on some long term capital gains in his Budget speech. The NSE Nifty also sank below the 11,000-mark during the Budget presentation. Sentiment also took a hit after the fiscal deficit target for 2017-18 was […]