Page 8 - Funding

Tech entrepreneur's tips on how to start up

Stay within means and shun VCs as long as you can!

Congress puts up bar codes for crowdfunding in Nagpur's mega rally

The pamphlet read, "In this struggle of 138 years for the formation of a better India, Congress needs you. India needs you. Scan now to donate."

Foxconn invests fresh capital of around Rs 461 crore in Bengaluru unit

Taiwanese electronics manufacturing services major Foxconn has infused USD 55.29 million (about Rs 461 crore) in Bengaluru-based Foxconn Precision Engineering Private Limited, according to a regulatory filing. The company has made the investment through its Singapore-based subsidiary Foxconn Singapore Pte Limited. Foxconn Singapore has acquired about 46,08,76,736 shares at Rs 10 each, amounting to around USD 55.29 million (Rs 460.87 crore), according to the filing. Foxconn Precision Engineering was incorporated around six months ago. In July, Foxconn proposed to set up a Rs 8,800-crore supplementary plant to that of its unit at the Devanahalli Information Technology Investment Region in Karnataka. It has also bought 300 acres at Devanahalli. According to the announcement made earlier by the Karnataka government, Foxconn is expected to create employment for about 50,000 people in the first phase at Devanahalli.

Fundraising through SME IPOs hits record high; 181 firms raised Rs 4,643 cr

While there were no mainboard IPOs in the first two months of this year, the SME exchanges saw 21 issues during the same period

Flipkart in talks to raise $1 billion, $600 million to come from Walmart

The fundraising is likely to increase Flipkart's valuation by 5-10 per cent from $33 billion earlier

BluSmart raises $24 mn in new equity round, will expand charging infra

Ride-hailing company says it aims to have a fleet of 8,000 EVs in Delhi and Bangalore by next year

S&P downgrades Vedanta Resources to 'CC' on potential bond extensions

The ratings remain on CreditWatch with negative implications, where they were first placed on September 29, 2023

Agritech company Vegrow raises $46 mn in funding round led by GIC

Start-up will use the money to expand in India and strengthen global network

Enough jobs exist for smart people: Info Edge's Sanjeev Bikhchandani

Bikhchandani said there is no funding winter for good companies, and there never was

SpiceJet board adjourns meeting, to discuss funding plans on Tuesday

Crisis-hit SpiceJet's board of directors will continue to discuss fundraising plans on Tuesday after it could only partially complete the agenda items on Monday. On Monday, the no-frills airline's shares touched a 52-week high and ended with more than 10 per cent gains on the BSE as investors were enthused by funding plans and the proposal to list the company's securities on the National Stock Exchange (NSE). In an evening filing to the BSE, SpiceJet said its board on Monday "could only partially complete the agenda items and the meeting has now been adjourned to December 12, 2023 (Tuesday)". Apart from options for raising fresh capital through the issue of equity shares and/or convertible securities on a preferential basis, the board will also consider the September quarter results, as per the filing. Earlier in the day, shares of SpiceJet touched its 52-week high and closed with a gain of 10.19 per cent at Rs 60.57 apiece on the BSE. The airline has been grappling with multiple

Centre allocates Rs 81 cr for education, health infrastructure in Tripura

This financial sanction will pave way for crucial infrastructure projects, including the construction of a science building at MBB College and a women's hostel at Gandatwisa Government Degree College

Union Cabinet approves Rs 2,500 crore for Interest Equalisation Scheme

This would help exporters from identified sectors and all MSME manufacturer exporters to avail of pre and post-shipment Rupee export credit at competitive rates

Startup funding in 2023 lowest in 5 yrs as big-ticket deals dip: Report

Funding rounds of $100 million+ fall 69% compared to 2022; only two unicorns created after 23 last year

Defence manufacturer CoreEL Tech secures $16 mn funding from 360 ONE Asset

The Bengaluru-based firm's products have been deployed in India's next-generation radars, missiles, electronic warfare and avionics

PhiCommerce raises $10 mn in funding led by Singapore-based BEENEXT

Payments solution firm will use financing to expand international business, improve technology

EU pledges 10 million euros to support Afghanistan's healthcare system

The long-lasting cooperation between the EU and WHO has contributed to stronger and more resilient health care in Afghanistan, it said

US Congress approves temporary funding, averts government shutdown

Ending the threat of a government shutdown until after the holidays, Congress gave final approval Wednesday night to a temporary government funding package that pushes a confrontation over the federal budget into the new year. The Senate met into the night to pass the bill with an overwhelming 87-11 tally and send it to President Joe Biden for his signature one day after it passed the House on an overwhelming bipartisan vote. It provides a funding patch into next year, when the House and Senate will be forced to confront and somehow overcome their considerable differences over what funding levels should be. In the meantime, the bill removes the threat of a government shutdown days before funding would have expired. This Friday night there will be no government shutdown, Senate Majority Leader Chuck Schumer said in a floor speech ahead of the final vote. The spending package keeps government funding at current levels for roughly two more months while a long-term package is ...

Pakistan gets initial nod from IMF on $700 mn loan tranche of $3 bn scheme

The Washington-based lender announced that it reached a staff-level agreement to give the nation access to a payout of roughly $700 million - subject to approval from the IMF's executive board

Why India's cricket league should turn down Saudi's $5 bn proposal

With its active support for expanding fossil fuel use, the Saudi government is wrong partner for the IPL and global cricket to achieve these goals

Bharat Housing Network raises Rs 125 crore in Series A led by Nabventures

Bharat Housing Network, backed by Homeville Consulting, operates on a hybrid capital model and off-balance sheet lending to drive its growth