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Showing results for: budget 2023

Govt considering personal tax rate cuts to boost consumption
17 June

Govt considering personal tax rate cuts to boost consumption

The Indian government is considering lowering personal tax rates for certain categories of individuals, which could help boost consumption in the Asia's third-largest economy, two government sources told Reuters. The plan could be announced in July, when Prime Minister Narendra Modi's government presents the first federal budget after his Bharatiya Janata ......

Indian public markets retreat from record highs amid profit booking
21 June

Indian public markets retreat from record highs amid profit booking

Indian shares ended lower on Friday, once again succumbing to profit booking after hitting all-time highs, although they locked in a third straight week of gains powered by a rally in financials and the return of foreign investors. The NSE Nifty 50 fell 0.28% to end at 23,501.1, while the S&P ......

Eume, Fanisko raise early-stage funding
21 June

Eume, Fanisko raise early-stage funding

Luggage maker Eume and augmented reality (AR) platform Fanisko secured early-stage funding, the companies said on Friday.   Eume   Homegrown luggage maker Eume has raised $1.8 million (Rs 15 crore) in a pre-Series A funding round from angel investor Ashish Kacholia.    The brand will utilise the funds for targeted marketing campaigns, using digital channels and strategic partnerships. ......

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What’s holding back PE firms from making more bets on India’s edu-infra segment?
21 June

What’s holding back PE firms from making more bets on India’s edu-infra segment?

Late last year, an Indian affiliate of Hillhouse Investment—the Singapore-headquartered private equity firm founded by Chinese billionaire Lei Zhang—struck two deals in a sector that bulge-bracket PE firms have largely shunned despite its seemingly vast potential.   Alta Capital, the sole India operating partner of Hillhouse’s real estate arm Rava Partners, bought ......

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Capria Ventures’ India AUM may top $200 mn with new fund
20 June

Capria Ventures’ India AUM may top $200 mn with new fund

US-based venture capital firm Capria Ventures, which is an investor in many homegrown startups including Betterplace, BharatAgri, Eduvanz and Edenfarm, is likely to have $200 million in assets under management (AUM) in India with its new investment vehicle.   Capria Ventures, which operates a family of funds and collectively manages assets exceeding ......

Tech startup Orbishift, seven others raise early-stage funding
20 June

Tech startup Orbishift, seven others raise early-stage funding

Artificial intelligence (AI)-based platforms OrbitShift, Nirwana.ai, Metis; sportstech startup Quidich Innovation Lab; specialty chemicals platform Distil; networking platform Unikon.ai, personal care brand Asaya and Thrive.co secured early-stage funding, the companies said on Wednesday. OrbitShift OrbitShift has raised $7 million (Rs 58.4 crore) in a seed funding round, co-led by Peak XV Partners’ Surge and venture ......