Israel’s OurCrowd bullish on India story; ties up with RIL, Yes Bank
Posted on 11th November 2017 |
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| City-based equity crowdfunding platform OurCrowd has tied up with Reliance Industries, Reliance Private Client, Yes Bank and Let’s Venture to cash in on India’s burgeoning fintech ecosystem, OurCrowd chief executive officer Jon Medved said. “We think that India is highly under-invested and it’s going to be an explosive market over the next couple of decades,” Medved said. OurCrowd enables start-ups to connect with prospective investors and is currently distributing its products to high-networth clients of Reliance Private Client. The partnership with Reliance Industries entails the setting up of a high-tech incubator in Jerusalem to foster companies working with technologies such as artificial intelligence and machine learning. As part of the tie-up with Yes Bank, there will be an accelerator programme for fintech start-ups and an opportunity for such ventures in India and Israel to access each other’s markets. OurCrowd also participated in the early rounds of Bengaluru-based self-drive car rental company ZoomCar. The platform has a community of about 20,000 investors from over 112 countries. Since launch in 2013, it has raised over $440 million and invested in 120 portfolio companies and funds. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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