BUSINESS
Indian startup funding dropped by 33%, may become normal after 2-3 quarters
Early-stage deals accounted for 60-62 per cent of the total funding in CY21 and CY22 (in volume terms). Average ticket size per deal was $4 million per deal, according to the PwC India report. "With significant dry powder waiting to be invested, it seems likely that the funding scenario will begin to normalise
HLL pays Rs 122.47 cr as dividend to Health ministry for FY 2021-22
Expressing happiness at the record turnover of Rs 35,668 crore and a profit before tax of Rs 551.81 crore of HLL during the financial year 2021-22 and appreciating their support during the pandemic, Mandaviya said. HLL has played an important role in the procurement and distribution of emergency medical supplie
Credible economic institutions have unprecedented confidence in India: PM
Virtually addressing the Madhya Pradesh Global Investors' Summit 2023 being held in Indore, Modi gave examples of trust shown by global organisations in the Indian economy. He said the International Monetary Fund (IMF) sees India as a bright spot in the global economy
With PPT slides and without report, 4 PSU general insurers are restructured: Unions
The four public sector government insurers -- The Oriental Insurance Company Limited, National Insurance Company Limited, The New India Assurance Company Limited and United India Insurance Company Limited -- have hired consultancy firm EY to suggest rejig measures.
Auto Expo 2023 begins, Maruti Suzuki launches concept electric SUV eVX
On the first day of the event, the Maruti Suzuki, the largest seller of cars in India, launched its first electric SUV (sport utility vehicle), concept electric SUV eVX , which will run 550 km once fully charged. On the first day of the event, the Maruti Suzuki, the largest seller of cars in India, launched its first electric SUV
Coinbase insider trading: Nikhil Wahi sentenced to 10-months in jail
The US authorities in July last year charged the brothers and their Indian-American friend Sameer Ramani, 33, of Houston with wire fraud conspiracy by using confidential information from Coinbase and making $1.5 million in illicit money. Nikhil, 26, pleaded guilty to conspiracy to commit wire fraud, according to reports.
Tata-run iPhone plant to boost India's prospects as manufacturing hub: Reports
Reports quoting N. Ganapathy Subramaniam, chief operating officer of TCS from an interview, said that the move by the group should be really good for India as it would create an opportunity in the country to manufacture electronics.
Inflation in Netherlands hits 47-yr high in 2022
Food and motor fuels also had an impact on inflation. Food was 10.8 per cent more expensive than 12 months previously. In 2021, food prices were still 0.2 per cent lower. The rise in food prices was mainly caused by meat, dairy products, bread and grains, and vegetables.
Global economy staring at two recessions in same decade which would mark a first in over 80 years
Given the fragile economic conditions, any new adverse development -- such as higher-than-expected inflation, abrupt rise in interest rates to contain it, a resurgence of the Covid-19 pandemic, or escalating geopolitical tensions -- could push the global economy into recession.
Meta now 'rescinds' full-time job offers amid recession fears
According to tech writer Gergely Orosz, Meta has rescinded job offers in London, "as I confirmed with developers impacted. New grads with offers due to start in February have been taken back in bulk. I know of about 20 people so far". "This is the first time I'm aware that Meta is taking back signed, FTE (full-time employment) offers," Orosz said in a tweet.
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