From the Editor's Desk There's a song by Wu Tang Clan called Method Man where one of the methods of torture they talk about is, 'I'm gonna sew your rectum shut and keep feeding you', that's what it's like today to be an LP (the investor class that VCs raise money from). That's not too surprising a take of the current state of the technology market. There have been a fraction of a fraction of the number of technology IPOs the US market typically sees in the first part of the year. That means that liquidity for venture investors - and, in turn, LPs, has started to stall, and that means that LPs might start looking at alternative asset classes - Comment
School products marketplace Schoolwear.in raises $1.5 million in seed funding Schoolwear.in, which runs an online platform to sell school uniforms and supplies, has raised Rs 10 crore ($1.5 million) in seed funding, a person familiar with the development told VCCircle. Mumbai-based SchoolWear Pvt Ltd separately said it has raised funds from the promoters of Mumbai-based publishing firm Navneet Education Ltd. It didn’t disclose the amount of funds raised.
SC verdict on call drop compensation likely on Wednesday New Delhi, May 10 (IANS) The Supreme Court is likely to give on Wednesday its judgment on plea by associations of telecom operators challenging sector regulator TRAI's October 16, 2015 notification obligating service providers to compensate consumers for dropped calls, at Rs.one each for the first three calls daily.
Bank lending to industry at seven-year low While all the incremental bank credit to industry in 2015-16 went to large industries, there was a contraction in credit to micro and small- and medium-sized industries
India's bad loan problem overblown, says Kamath Don't fret so much about the issue of bad loans at Indian banks, says veteran banker K V Kamath.The issue has been overblown issue and the processes of economic growth and asset resolution will take care of the challenge, said the former chairman
As Agusta, PM's degree rock Parliament, GST is the casualty (yet again) Sadly, the only word missing in both houses is Goods and Services Tax (GST), which typically rises to stardom in the days prior to every Parliament session and ends up getting nothing as the play progresses. It isn’t different this time too. Politics has yet again won over Parliament’s business.
Almost 67% of Gati’s ecommerce business orders are Cash On Delivery (By Archana Sharma and Shashidhar KJ) Close to 67% of Gati's ecommerce orders are paid with cash on delivery, Gati's director of finance Sanjeev Jain said during a call with analysts. The Hyderabad-based logistics company also said that its e-fulfillment business, i.e. shipping and