Page 2505 - Business Finance
Livspace raises USD 70 mln from Goldman Sachs, TPG Growth, others
Livspace, an online home interior and renovation platform, Wednesday said it has raised USD 70 million from investors, including TPG Growth and Goldman Sachs, to fund its expansion plan. "Livspace... has raised USD 70 million in Series C funding. The round was led by TPG Growth and Goldman Sachs, a global investment bank and active investor in India, and included participation from existing investors Jungle Ventures, Bessemer Venture Partners and Helion Ventures," a company statement said. The funds would be utilised to expand its operations to six more metros by 2019 to a total of 13, while achieving deeper penetration in existing markets, it added. Avendus Capital was the financial advisor to the company for the latest fund raise. Before this round of funding, Livspace had raised USD 33.6 million from Jungle Venture Partners, Bessemer Venture Partners, Helion Ventures, and UC-RNT. Launched in 2015, Livspace has emerged as the top organised player in India's very fragmented home ...
Amazon says launches in Turkey
ISTANBUL (Reuters) - Amazon.com Inc said on Wednesday it had launched activities in Turkey, offering products across 15 categories to customers across the country.
Tesla confirms it is under probe by US Justice Department
Electric car maker Tesla has confirmed that it is under probe by the US Department of Justice (DOJ) over its Chairman and CEO Elon Musk's announcement of talking the company private.
ADB Disburses $150 Million Financing to Chola to Improve Credit Access for MSMEs in India
ADB's financing to Chola will help ensure that MSMEs, which are crucial to the Indian economy, have access to the necessary long-term capital that they need to continue contributing to the country's growth and development, said ADB Principal Investment Specialist for Private Sector Operations Department Mr. Anshukant Taneja. ADB's financing, which has been provided in the backdrop of a slowdown in credit growth in the Indian banking system, has a countercyclical effect and is expected to boost investments and employment.
BOJ sanguine about economic outlook as exports firm, but trade risks grow
TOKYO (Reuters) - Japan's exports rose in August and its central bank kept its view the economy was expanding modestly, but policy makers and analysts warned of risks to the outlook from a U.S.-led trade war that some fear could chill global investment and growth.
US, Poland voice concern over Russia's gas pipeline
US and Polish leaders have expressed their concerns here over Russia's Nord Stream 2 gas pipeline, claiming it may lead to energy over-reliance on Moscow.
Bharati Defence & Infrastructure update on CIRP
Application for Resolution Plan invited before 21 September 2018
China's Premier Li says unilateral trade actions will not resolve problems
TIANJIN, China (Reuters) - China's Premier Li Keqiang said on Wednesday that multi-lateralism should be upheld, and that unilateral trade actions will not solve any problems.
Oil prices steady as concerns about producer output outweigh U.S. stockpile gain
BEIJING (Reuters) - Oil prices were steady on Wednesday as concerns that producers will not be able to respond to a shortfall in supply once U.S. sanctions on Iran are enacted outweighed a gain in stockpiles in the United States, the world's biggest oil user.
Home interior startup Livspace raises Rs 500 crore in funding
Home interior and renovation platform Livspace on Wednesday announced it has secured $70 million (nearly Rs 500 crore) in Series C funding led by TPG Growth and Goldman Sachs.
China will boost effective investment but not rely on it to spur growth - Premier Li
TIANJIN, China (Reuters) - China will boost effective investment but will not rely on investment to spur economic growth, Premier Li Keqiang said on Wednesday.
Market opens higher
Key benchmark indices were trading higher in early trade. At 9:18 IST, the barometer index, the S&P BSE Sensex, was up 109.49 points or 0.29% at 37,400.16. The Nifty 50 index was up 36.25 points or 0.32% at 11,315.15. Positive cues from other Asian markets boosted investors sentiment.
Board of Electrosteel Steels to consider proposal of delisting
On 24 September 2018
Himachal Futuristic Communications bags order worth Rs 611 crore
From Bharat Sanchar Nigam, New Delhi
Shares may recover on bargain hunting
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 4.50 points at the opening bell.
Rupee recovers 28 paise against US dollar in early trade
The rupee Wednesday rebounded from its all-time low by rising 28 paise to 72.70 against the US dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters and banks. Besides, dollar-selling by exporters and banks, easing crude prices in the global market and weakness in the dollar against other currencies overseas, helped the domestic currency rebound, forex dealers said. A higher opening in the equity market also supported the recovery in the rupee, they said. The rupee Tuesday slid further by 47 paise to settle at a record low of 72.98 after scaling an all-time low of 72.99 (intra-day) against the US currency due to surging crude oil prices and escalating trade war worries. Meanwhile, the BSE benchmark Sensex recovered by 142.26 points, or 0.38 per cent, to 37,432.93 in opening trade Wednesday.
Asian firms' confidence sinks to near three-year low on trade war fears - Thomson Reuters/INSEAD poll
JAKARTA (Reuters) - Confidence among Asian companies slumped to the weakest in almost three years in the third quarter as businesses feared blowback from a worsening global trade war, a Thomson Reuters/INSEAD survey showed.
Asian stocks, U.S. Treasury yields climb as trade row fails to dent confidence
TOKYO (Reuters) - Asian stocks rose across the board and long-term U.S. Treasury yields hovered near four-month highs on Wednesday with investors looking past the latest escalation in the U.S.-China trade feud, seen by some market participants as less severe than expected.
RITES may rise on bagging additional contract from Indian Railways
RITES said it received additional turnkey contract work worth Rs 436 crore from the Indian Railways. This contract is in addition to existing project for setting up of a wagon workshop at Dalmianagar for which the initial contract cost was worth Rs 89 crore. The announcement was made after market hours yesterday, 18 September 2018.
Japan exports rise as U.S.-bound shipments grow amid trade war fears
TOKYO (Reuters) - Japan's export growth accelerated in August from the previous month supported by stronger shipments to the United States, a sign the escalating trade friction between the Washington and Beijing has yet to hit Japanese trade.