- Strong typhoon slams western Japan; eight dead
- Niti Aayog for considering deposits under gold monetisation scheme as CRR - Economic Times
- Indian cities need to switch to zero emission mobility systems: NITI Aayog - Firstpost
- Saudi Arabia intercepts missiles launched by Houthi rebels
- Shivinder Singh snaps ties with brother Malvinder, drags him to NCLT
- White House terms Bob Woodward's book as 'fabricated stories
- The White House said Tuesday a new book by famed investigative journalist Bob Woodward was "nothing more than fabricated stories" to make President Donald Trump look "bad".
- Oil prices drop as storm threat eases on U.S. Gulf coast
- Dollar climbs, emerging markets under pressure
- Shivinder Singh Malvinder Singh
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- Top trading ideas by Prabhudas Lilladher: Buy Axis Bank, Bajaj Finance
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- NAFTA deal without a dispute resolution mechanism bad for Canada: Trudeau
- Strongest typhoon in 25 years kills 8 in western Japan; airports flooded
- MP Assembly Polls: Bad fiscal math, farm unrest are Chouhan's bigger demons
- Sebi imposes Rs 7.45 million fine on 48 entities for fraudulent trading
- NSE flags concern over potential cyber attacks on financial market
- Sensex falls as rupee slides, oil jumps; SBI, ICICI Bank stocks down
- Relief for Kerala as Qatar lifts Nipah virus ban on fruit, vegetables
- Coffee Board pegs crop loss due to rains in South India at 82,000 tonnes
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- 7 killed, 200 injured as typhoon Jebi hits Japan (Second Lead)
- Yemen's Houthi rebels on Tuesday said that they had launched four ballistic missiles towards a town located in southern Saudi Arabia, and Saudi media reported that those projectiles were successfully intercepted.
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- SC seeks EC response on ‘private parties handling’ voting machines
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- One killed & 25 injured as bridge in Kolkata collapses; Chief Minister orders probe
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- HRD may reach out to President for Manipur varsity vice-chancellorâs longer leave
- SC seeks EC response on âprivate parties handlingâ voting machines
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- In two years, this is the second incident when a bridge collapsed during busy hours in the city. In March 2016, an under-construction flyover in north Kolkata collapsed killing at least 27 people.
- Year-end polls offers chances of non-aligned Opposition, securing minority votes and non-resurgent Congress.
- The ministry on Tuesday held discussions to consider various options to defuse the situation on the campus, which has been shut since May 30.
- The petition, filed by a resident of Uttarakhand, argued that EVMs and VVPATs (voter verified paper audit trails) were handled by private parties in breach of the commissionâs rules
- Many wealthy countries have effectively âoutsourcedâ a big chunk of their carbon pollution overseas, by importing more steel, cement and other goods from factories in China and other places, rather than producing it domestically.
- Despite India being the fastest growing economy in the world, many believe not all sections of society have benefited as enough jobs havenât been generated.
- Questions over the fate of its investments in Flipkart and Ola forced Tiger Global to re-think its future investments in India, including in portfolio companies. This was also because Fixel came to believe that Indiaâs Internet economy was not growing as rapidly as that of Chinaâs.âFixel was spending most of his time on Flipkart during that period (late 2015 to 2017) as half of his capital invested in India was in that company. All his returns were expected to come from it,â said the CEO of a company Tiger Global backed in 2015.In that period, Tiger Global selectively participated in follow-on investments in some portfolio companies â" logistics firm Delhivery, home rental network Nestaway, grocery delivery platform Grofers, and tea retailer Chaayos. It also invested in companies in China, Latin America, the US, and the Middle East from the $2.5 billion fund.This time, Fixel is expected to focus on mid- to growth-stage investments, unlike his 2014-2015 strategy of making a slew of $5-10 million investments in early-stage companies. Some of those companies, including Zopper, Localoye and Zo Rooms, have shut while others such as Culture Machine, Little and Cube26 have struggled.Tiger Global is now seeking to lead funding rounds starting from $30 million, said the VC investor quoted earlier.âFixel has probably decided that he is not good at doing early cheques and itâs better to find mature and fast-growing companies,â said the head of another early-stage venture capital fund. âThe speed at which companies are reaching billion-dollar valuations shows that the market has changed and there is an inflection point.âTiger Globalâs plan to step up activity in India also comes at a time when venture funding has picked up in the country, although startup formation is not as strong as it was in 2014 and 2015. Investments across series A, B and C surged to $1.6 billion across 165 deals in the first half of 2018 â" a 60% jump from the capital pool of $1 billion across 140 deals that flowed into these stages during the first half of 2017, show data from Tracxn.Some feel that Fixelâs new approach goes back to his strategy when he began investing in India, when Tiger Global backed local classifieds firm Just Dial and online travel agent MakeMyTrip, which have yielded good results. Others feel that while the strategy is changing, Leeâs aggression has not.âLee is a big picture guy and a bigger risk-taker. He is always urging his portfolio companies to take more market share, and that view has not changed,â said the cofounder of another company backed by Fixel. âBut by 2016, he realised that India will need a lot more capital than Tiger can bring in, which is now playing out with Walmart and Alibaba.â
- Kolkata: At least 1 dead, 25 hurt in Majherhat bridge collapse
- Day after arrest for anti-BJP slogan, Lois Sofia gets bail
- Malegaon blast 2008 : SC turns down Purohit plea for SIT probe into âabduction, tortureâ
- Hardik Patel's fast a political stir backed by Congress: Gujarat govt
- Colleagues on Justice Gogoi: âHe is a no-nonsense judge... a big heart who thinks with his mindâ
- As Justice Ranjan Gogoi gets set on course to meet this destiny, his colleagues in the topmost court term him as âa man of few words, strong and deep convictions and also a man of action. He speaks little but acts.â
- Worker-farmer rally today: From Bihar to TN, thousands arrive at Ramlila grounds
- The million-dollar question: Is a vegetarian diet as nutritious as a non-vegetarian one?
- Gujarat has fallen behind in food fortification: FSSAI
- Gujarat: In High Court, police deny PAAS charge, say only ensuring peace at venue
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- Bollywood actor Shefali Shah, whose latest project Once Again is currently streaming on Netflix, says men in this industry are afforded more choices, regardless of age.
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- Out on bail, Ajmer blast convict Bhavesh Patel returns home to hero welcome in Bharuch
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- This year, the student parties collectively decided not to hold rallies a day before the election.
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- Move aims to enhance norms for foreign portfolio investors
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- State has a solid waste policy: official
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- UPâs War On Deadly Diseases Continues: Vaccination Programme To Now Include Rotavirus Vaccine
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- Teachers' Day 2018: Reliving the Life of Dr Sarvapalli Radhakrishnan, India's Celebrated Statesman
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- With arrests so far across Karnataka and Maharashtra, the Special Investigation Team (SIT) of about 23 officers is set to submit its official report to the Karnataka government.
- Asiad gold-winning shot-putter Tejinderpal Singh Toor's father to be cremated Thursday
- Myanmar parliament seeks approval for more loans from int'l funds
- Jose Pekerman departs as coach of Colombian national team
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- The arrests of prominent Indian activists last week sparked condemnations across the world. But as details of police attempts to link them to an international assassination plot are starting to emerge, theyâre triggering howls of laughter.
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- The confirmation hearing for Donald Trump's Supreme Court pick exploded into political acrimony Tuesday with Democrats demanding a postponement over withheld documents, as the nominee pledged to keep an "open mind" on all cases before the court.
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- A protester shouts during a hearing of the Senate Judiciary Committee on the nomination of Brett Kavanaugh to the U.S. Supreme Court Tuesday in Washington. President Donald Trump’s newest Supreme Court nominee, Kavanaugh, is expected to face punishing questioning from Democrats this week over his endorsement of presidential immunity and his opposition to abortion. Some two dozen witnesses are lined up to argue for and against confirming Kavanaugh, who could swing the nine-member high court decidedly in conservatives’ favor for years to come.
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- SC seeks EC response on voting machinesThe petition, filed by a resident of Uttarakhand, argued that EVMs and VVPATs (voter verified paper audit trails) were handled by private parties in breach of the commissionâs rules
- Copyright:(C)Wed 05 Sep 2018, 07:16:302018Wed 05 Sep 2018, 07:16:30 Bennett Coleman & Co. Ltd, http://info.indiatimes.com/terms/tou.html
- Thousands of Indian graduates are lining up to purge Facebook of abusive, gruesome, vulgar and terror-related content as the social media company begins to deliver on its promise to employ as many as 20,000 moderators globally to keep it clean.Business process management company Genpact, which this year won a contract to provide content management services to Facebook, is hiring content moderators across a slew of Indian languages â" including Tamil, Kannada, Oriya, Chattisgarhi, Nepali, Marathi, Mizo and Punjabi.Genpact has placed advertisements on online employment platforms and held walk-in interviews for these roles in August. ET called the recruiters in the advertisements and confirmed the job description, which reads: âMonitor and moderate user-generated content/video on one of the reputed Social Website to ensure that the online community is maintained as a safe and fun environment. Should be +comfortable for any content Sexual Assault, Terrorism, Child Abuse, may be live suicidal videos and bloodshed.âThe salary for policing such bile: Rs 2.25-4 lakh a year, plus monthly incentives. Although Genpactâs listings did not specify that the jobs are for the Facebook contract, the company is hiring for these roles in Hyderabad, where the social media company has a large presence. Genpact declined to comment on specific questions related to the jobs. âGenpact takes very seriously the services that we provide to our clients. However, due to the confidential nature of our work, we cannot confirm or comment on specific relationships,â Genpact spokesperson Gail Marold told ET.
- Tiger Global Management, one of the earliest big backers of Indiaâs Internet story, is returning with renewed faith to the domestic startup ecosystem three years after it stopped making fresh investments in the country.The New York-based hedge fund will step up investments in India from its mega $3 billion fund called Tiger Global Private Investment Partners XI, said two people with knowledge of the companyâs strategy in the country.The new fund comes shortly after Tiger Globalâs Lee Fixel helped script one of the biggest M&A deals in Indiaâs corporate history as US retail giant Walmart acquired 77% of Indiaâs largest online retailer, Flipkart, for $16 billion.Tiger Global, which bet $1 billion on Flipkart since 2009, made over $3.3 billion in the transaction and still owns around 5% stake.âThe new fund is expected to close in the next few weeks and India is specifically mentioned as one of the focus areas in the documents,â said one of the persons familiar with the development. The fund will also invest in other geographies including US and China.A spokeswoman for Tiger Global Management did not immediately reply to an email seeking comment. âFixel is now looking at only growthstage companies⦠which have valuations of $200-250 million,â said the managing director of a venture capital firm whose portfolio companies Fixel is scheduled to meet when he visits India later this year.Likely on Fixelâs radar will be new ecommerce companies, logistics tech startups, business-to-business commerce firms, and digital media/content ventures. That would be in contrast to Tiger Globalâs stand when it raised a $2.5 billion fund in November 2015 to not make new investments in India. In a 12-month period beginning in late 2014, Tiger Global had finalised 18 new investments even as it poured more money in Flipkart and taxi-aggregator Ola, lifting India exposure to $2 billion.
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Wednesday, September 5, 2018
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