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10 December, 2018 8:14 AM Important for Indian govt to heed RBI's message on financial stability, says IMF Chief Economist

The Indian government must heed the RBI's message on financial stability, IMF's Chief Economist Maurice Obstfeld has said, amidst reports of friction between the central bank and the finance ministry over several issues, including how much capital the apex bank needs. Addressing a group of journalists here on Sunday, he also said the International Monetary 127

10 December, 2018 6:17 AM Japan's SoftBank prices IPO, to raise $23.5 billion with overallotment

SoftBank Corp priced its initial public offering (IPO) at 1,500 yen per share and will sell an additional 160 million shares to meet strong demand, a regulatory filing showed, raising 2.65 trillion yen ($23.5 billion) in Japan's biggest-ever IPO. That makes the IPO one of the largest of all time globally, just shy of the record $25 billion that Chinese 99

7 December, 2018 4:42 PM Zydus Wellness to raise Rs 2,575 crore from Cadila, promoters and PEs to fund Heinz India acquisition

Zydus Wellness has said it will be raising Rs 2,574.99 crore through issue of shares on a preferential basis to fund the Rs 4,595 crore Heinz India acquisition. Zydus Wellness board approved issuing equity shares of face value of Rs 10 each on a preferential basis to the parent Cadila Healthcare, True North (previously known as India Value Fund), Pioneer 147

7 December, 2018 2:55 AM Innoven Capital invests Rs 55 crore venture debt in Quikr

Venture debt firm Innoven Capital on Friday said it has invested Rs 55 crore in Quikr India Pvt Ltd, which runs online classifieds and services portal. The investment comes at a time when the company is looking to raise $150 million from venture capital firms. "Pranay (Chulet) and the Quikr team have built some market leading vertical platforms, all of which 155

6 December, 2018 2:49 PM Zee News moves EC against Sidhu, Congress leaders over ‘Pakistan Zindabad’ slogans during election rally

Zee News has filed a complaint with the Election Commission against Punjab minister Navjot Singh Sidhu and other Congress leaders over the incident of “Pakistan Zindabad” sloganeering at an election rally in Rajasthan’s Alwar. Congress spokesperson Randeep Singh Surjewala and party leader Karan Singh Yadav have also been named in the complaint. The complaint 220

5 December, 2018 5:27 PM How People In Nepal Are Raising Awareness About Pollution Of Oceans

Volunteers in Nepal used 100,000 colourful used plastic bags to create a map of the Dead Sea. The slogan-"One Dead Sea is enough for us". Young Nepalis created a map of the Dead Sea with used plastic bags Wednesday in a bid to set a new international record and raise awareness about the vast volumes polluting the world's oceans. Volunteers tied 100,000 colourful 79

5 December, 2018 11:20 AM Jet Airways introduces 65 new flights as it reviews its global network

Jet Airways on December 5 announced 65 new weekly services on national and international routes, effective December. The airline will also offer discounts up to 30 percent on its tickets booked from December 5 to 11. The initiatives to attract customers come even as the airline is in talks with at least three suitors to raise money. Facing liquidity 92

5 December, 2018 8:14 AM Maruti Suzuki India To Hike Prices From January 2019

Maruti Suzuki India Limited will be increasing the prices of its models from January 2019. The reason is the increasing cost of commodities and high foreign exchange rates. Maruti Suzuki India will raise prices across various car models next month to mitigate the impact of high commodity prices and foreign exchange rates, the automaker said on Wednesday 113

4 December, 2018 11:05 AM After Rahul Gandhi's "Bharat Mata" Jibe, PM Modi's "Fatwa" Retort

Crisscrossing Rajasthan on the last day of campaigning before Friday's elections, Congress chief Rahul Gandhi and Prime Minister Narendra Modi today locked horns other a slogan that hails the nation. "Bharat Mata ki Jai" - a signature slogan of the BJP - has triggered much sparring in this round of assembly elections, but until now, neither leader had alluded 144

3 December, 2018 4:26 PM Grab invests $100 million in Indian hotel startup OYO

Grab, known as the Uber of Southeast Asia, was valued at around $11 billion at its last funding round in August. Singapore-based ride-hailing firm Grab has invested $100 million in Indian hotel-reservations startup OYO, a source with knowledge of the matter told Reuters on Monday. The investment by Grab is part of the $1 billion fund raise OYO announced 136