Tag Archives: funds
Funds dry up for real estate sector; IL&FS, NBFC crises drag down sector
PE inflows accounted for more than $ 2.1 billion during January-June 2019, whereas 0 million came in from non banking financial companies (NBFCs) and housing finance companies (HFCs). A clutch of factors, including the recently concluded Lok Sabha elections and RBI tightening lending norms for NBFCs and HFCs, impacted investments in real estate during the January-June period in the current calendar year Read More
Damian Hinds signals extra funds for special needs education
Children protest in Parliament Square to highlight the funding crisis in special education needs and disabilities (Send). Photograph: Imageplotter/Rex/Shutterstock Spending on children with special educational needs and disabilities is expected to be increased after the education secretary said the government recognised the urgent need to relieve pressures on families, councils and schools. Although Damian Hinds declined to put a Read More
Fraud, diversion of funds: Real estate giant Ansal API under the scanner in UP
Lucknow: Real estate giant Ansal API, entrusted with around 90 projects in Uttar Pradesh, now finds itself under the scanner for alleged fraud, criminal breach of trust and diversion of funds. The latest blow came last week when a Lucknow court issued a non-bailable warrant (NBW) against the firm’s top management, including chairman Sushil Ansal and his son Pranav Ansal. “Two Read More
Exclusive: Health Food Vendor NutriTap Raises Seed Funds From Apoorva Patni, Others
Gurugram-headquartered healthy food supplier NutriTap has raised $282K (INR 2 Cr) in a seed funding round, founder and CEO Rajesh Kumar told Inc42. The funding round was led by angel investor Apoorva Patni, Sameer Khetarpal (director Category, Amazon) and senior members of McKinsey & Co, Google etc. Founded in 2017 by Kumar and Medha Mishra, NutriTap offers nutritious food products and Read More
Trump to declare health emergency over opioids but no new funds to help
The US Capitol building in Washington on 10 October 2017. Photograph: J Scott Applewhite/AP Donald Trump is to order his health secretary to declare a public health emergency in response to the US’s escalating opioid epidemic. But while the announcement that the president intends to “mobilise his entire administration” to combat the crisis will be seen as an important symbolic moment, Read More
Tech bubble has burst? Funds prune allocation to IT stocks
With rising concerns on the growth prospects of the information technology sector, equity fund managers have drastically cut their asset allocation to stocks of software companies this calendar year. They’ve pruned their holdings by 300 basis points since January, to a low of 7.7 per cent in August. This is the lowest monthly exposure to information technology (IT) stocks in Read More
Tech bubble has burst? Funds prune allocation to IT stocks
With rising concerns on the growth prospects of the information technology sector, equity fund managers have drastically cut their asset allocation to stocks of software companies this calendar year. They’ve pruned their holdings by 300 basis points since January, to a low of 7.7 per cent in August. This is the lowest monthly exposure to information technology (IT) stocks in Read More
Drone plane startup nabs funds from Paul Allen, Jerry Yang
How’s this for a flight plan to get a drone delivery service financially aloft? Carry cargo that’s of live-saving importance, fly long-range fixed-wing aircraft in uncongested skies, and score a government as your first client. That’s the atypical approach being taken by Zipline, a Bay Area startup that has raised $18 million in funding from the likes of Yahoo founder Jerry Yang, Microsoft co-founder Paul Read More