Online lingerie retailer Zivame is set to raise $40 million from Malaysian sovereign wealth fund Khazanah Nasional Berhad and Mumbai-based investment firm Zodius Capital. The deal would value the 4 year old company at $100 million.
Leading industrialist O. P. Munjal, 87, Co-Chairman of Hero Cycles Ltd has passed away today. A legend in his lifetime, Munjal’s company is the world’s largest bicycle manufacturer with a capacity of 7.5 million bicycles annually.
In a big and bold move, Google’s co-founder and now former CEO Larry Page announced that Google will go through a big restructuring.
GrayOrange Robotics has raised $30 million (Rs. 190 crore) in its latest round of funding led by Tiger Global. The Gurgaon based company, which also has an office in Singapore, plans to use this capital towards R&D, hiring, and expansion into markets such as Asia Pacific, Middle East and Europe.
‘Make in India, Made in Andhra Pradesh’ program takes a step ahead today, as the Chief Minister Chandrababu Naidu will launch Xiaomi’s first India-manufactured phone in Visakhapatnam. Xiaomi, the Chinese low cost smartphone manufacturer and also the third largest smartphone-maker in the world, will also make announcement about its expansion plans in India in the event, an official press release said on Sunday.
Rahul yadav isn’t the only one getting fired from housing.com. Looks like with him, Yadav has set off a chain of upheavals in the company the 26 yr old co-founded.
As a part of the Indian government’s “Make In India” initiative, Taiwanese electronics manufacturing giant will invest $5 billion in Maharashtra over the next 5 years. The company has signed a MoU with the Maharashtra government to this effect.
Consulting and outsourcing firm Accenture has named Rekha Menon as its new India Chairperson. She would be the first woman to head the company’s operations. She would take over on August 21. She succeeds Avinash Vashistha who resigned in July.
Gold began 2015 at about $1,175 an ounce. By January 23, it had rallied to almost $1,300. In February, it slipped about $60 and the fall continued in March. After a brief consolidation, it has been on a downtrend since June. Since July 20, 2015, when gold slipped below $1,100, it has remained in that region so far.
Where’s gold going? Here’s an update.