Rupee falls for seventh week in a row, hits record low
The Indian rupee slipped to its all-time low on Friday before turning course to end modestly higher, aided by likely dollar inflows, although its losing steak persisted into a seventh straight week. The rupee closed at 85.0150 against the U.S. dollar, up from its close at 85.07 in the previous session, after ......
SEBI tightens rules for merchant bankers, IPOs of small firms
India's market regulator late on Wednesday issued tighter regulations for merchant bankers and initial public offerings (IPOs) by small businesses, mandating that entities listing should have been profitable in recent years. The Securities and Exchange Board of India's (SEBI) tighter rules followed a boom in IPOs by small- and medium-sized firms, which ......
Rupee slips past 85 per dollar to all-time low as Fed setback adds to woes
The Indian rupee declined past 85 to the U.S. dollar for the first time on Thursday after the Federal Reserve signalled fewer rate cuts next year, piling more pressure on a currency already struggling with tepid capital flows. The rupee hit a low of 85.0650 against the U.S. dollar, down from 84.9525 ......
All Things Baby, Ikin Global, BitSave, DevX secure early-stage cheques
Mother and baby products platform All Things Baby, IoT smart lock brand Ikin Global, crypto investment platform BitSave and OaaS platform DevX have raised early-stage funding, the companies said Tuesday. All Things Baby All Things Baby (ATB), a platform for mother and baby products, has raised Rs 30 crore ($3.6 million) in a ......
Riyadh Valley Company strikes third limited partner-style bet this year
Riyadh Valley Company (RVC), the investment arm of King Saud University, has made its third limited partner-style investment this year, in a Japanese early-stage venture capital fund, it is gathered. The Saudi Arabian investor has made a fund-of-fund commitment to Tokyo-based venture capital firm Global Brain’s sixth flagship investment vehicle that ......
Tata to rethink Starbucks' outlet expansion strategy amid lower footfall
India's Tata Consumer Products "will calibrate" its plans to open Starbucks stores in the near term at a time when fewer customers are walking into its cafes in the world's most populous country, its top boss said on Monday. City dwellers in India are cutting spending on everything from cookies and coffee to fast ......
Grapevine: Smallcase, Peak XV Partners, Carlyle, and Quest Global in news
Smallcase is in talks to raise over $50 million and Carlyle Group Inc. is weighing an initial public offering for one of its engineering services portfolio firm, according to various media reports. Smallcase Smallcase, a Bengaluru-based fintech, is in talks to raise over $50 million (over Rs 420 crore) through a ......
LPs pick out the three biggest challenges for PE investment in India
Global limited partners (LPs) have flagged three major bottlenecks that could impact private equity investments in India over the next three years, although the country is seen as the most favourable in terms of a risk-reward equation. According to a global survey of LPs, India topped the list of emerging private ......
Bijnis, CityMall backer WaterBridge plans third VC fund with higher corpus
Homegrown venture capital firm WaterBridge Ventures is gearing up to start raising its third fund that will be bigger than its second vehicle, a person familiar with the matter told VCCircle. The early-stage investor, known for backing startups such as Unacademy, Magicpin, Bijnis and CityMall, plans to raise a third fund ......
Grapevine: Unacademy, Allen, Access Healthcare, Neuberg, KKR, others in news
At least four private equity firms are in a race to acquire a majority stake in Access Healthcare, Allen Career Institute is in advanced talks to merge Unacademy with itself and Kotak Pre-IPO Opportunities Fund is nearing a deal to acquire a 15% stake in a diagnostics company, according to ......
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