Microsoft commits $1 billion investment in OpenAI

July 23, 2019

Microsoft said the two companies would jointly build new AI technologies on Microsoft’s Azure cloud computing service. (Reuters File photo) Microsoft Corp said on Monday it was investing $1 billion in San Francisco-based OpenAI and that the two had formed a multi-year partnership to develop artificial intelligence supercomputing technologies on Microsoft’s Azure cloud computing service. OpenAI […]

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[Funding alert] Paytm Mall confirms investment from eBay for 5.5 pc stake at $3B valuation

July 19, 2019

American ecommerce giant, eBay is making an investment in Noida-based ecommerce firm Paytm Mall for a 5.5 percent stake in the company. Sources close to the discussion told YourStory that the investment in Paytm Mall is expected to be to the tune of $170 million-$200 million, and the round values the ecommerce startup at $3 billion. Additionally, the […]

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India must tap foreign capital to trigger investment cycle: CEA

July 17, 2019

New Delhi: Chief Economic Advisor Krishnamurty Subramaniam on Tuesday said India must tap foreign investment to trigger investment cycle that will lead to higher growth of 8 per cent which is needed for becoming a $5 trillion economy by 2025. “We also need to be tapping into foreign capital. In some sense it triggers this virtuous […]

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Ritesh Agarwal’s OYO, SoftBank set up investment vehicle, seek CCI approval for increasing stake in Oravel Stays

July 16, 2019

OYO and a Cayman Islands-based RA Hospitality Holdings have filed a notification with the CCI seeking its approval for increasing stake in Oravel Stays. Global hotel and home chain OYO and a Cayman Islands-based entity called RA Hospitality Holdings has filed a notification with the Competition Commission of India (CCI) in order to increase stake […]

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Inside Modi’s game plan to bring in investment for infrastructure

July 14, 2019

Two king-sized numbers stand out in Nirmala Sitharaman’s budget: Rs 100 lakh crore and Rs 50 lakh crore. The numbers — estimates of investments required for infrastructuredevelopment across the country and the railways, respectively — suggest the government is now willing to make enough space for private players who can bring in the money. The finance […]

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Ola Electric joins the unicorn club after $250 million investment from Softbank

July 2, 2019

Japanese conglomerate SoftBank has invested around $250 million in Ola Electric Mobility. With this, the electric vehicle unit of ride sharing aggregator Ola has become the newest unicorn from India, at par with the likes of Flipkart, Zomato, Paytm, as well as its parent company. As per regulatory documents filed with the Registrar of Companies, […]

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Trilegal counsel Tanya Mehta moves into legal investment VP role at Brookfield Asset Management

June 22, 2019

Trilegal counsel Tanya Mehta has joined Brookfield Asset Management in its investment team as vice president in a legal role. She is understood to be part of the investment team for renewable power at the company, reporting to Nawal Saini, who is managing director of renewable power. Mehta is a 2008 Campus Law Centre Delhi University graduate, who had […]

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Amazon in talks with NinjaCart for potential investment

June 18, 2019

Amazon Pantry is Amazon India’s platform to sell grocery and fresh foods in Indian online retail space. Better big on this space, the US giant has invested $500 million in a separate venture for this to comply with the Indian laws on FDI on food retail etc. Now, there are unconfirmed reports of Amazon taking […]

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Is investment behavior of women different from men? These survey findings will surprise you

June 17, 2019

The study found that the top goals for men and women such as child’s education, dream home, child’s marriage, debt free life and a higher standard of living are similar. The approach towards handling money, managing savings and taking investment decisions is widely considered to be a man’s job. Also, it’s a general perception that […]

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Best Men’s Watches: 7 Classic Pieces Worth The Investment

June 12, 2019

Defining the best of anything is a subjective endeavor, particularly when it comes to watches. The breadth of styles, designs and complications available is not only endless but constantly changing. These seven examples include timepieces boasting high complications, a range of designs, and classic styles. And several are tribute watches, honoring legendary feats in horology—definite […]

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