Firstfunding

Infibeam Avenues NSE 2.84 % said it has picked up a 50% stake in Gurgaon-based software start-up, Vishko22.
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https://firstfunding.in/infibeam-avenues-invests-in-software-startup-vishko22/

According to people in the know who spoke on the condition of anonymity, this fintech recovered over Rs 700 crore upfront in the form of processing fees and over Rs 85 crore in the form of interest and penalty charges on the loans disbursed.
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https://firstfunding.in/ed-finds-rs-800-crore-crime-proceeds-in-fintech-nbfc-probe/

Unicorn India Ventures, an early-stage investment firm, is selling its stake in six startups to a US-based investor for Rs 50 crore, doubling returns for its limited partners (LPs).
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https://firstfunding.in/unicorn-india-ventures-to-exit-from-six-start-ups-by-selling-its-stakes-to-a-us-based-fund/

On August 22, equities were once again subjected to heavy selling, resulting in indices closing in the red for the second day in a row. Furthermore, it was the market’s biggest drop in two months.
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https://firstfunding.in/taking-stock-market-sees-worst-fall-in-2-months-sensex-plunges-872-pts-nifty-ends-below-17500/

If you’ve been in tech for long enough, you know that when there are problems with a big company, it’s a perfect opportunity for start-ups to swoop in and help. That is exactly what has happened with both Uber and Lyft drivers leaving their jobs in droves.
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https://firstfunding.in/uber-and-lyft-drivers-complaints-are-a-startup-opportunity/

The Markets in the Asian region have opened the week on a negative note, with all the key markets falling by around 0.5%.
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https://firstfunding.in/stock-markets-update-pi-industries-shares-up-0-11-as-nifty-drops/

The market for e-pharmacy remains fragmented with niche players like PharmEasy, Amazon, and BigBasket trying to win over customers by selling grocery along with medicine.
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https://firstfunding.in/pharmeasy-delays-ipo-targets-ebitda-breakeven-by-next-year/

Vijay Shekhar Sharma, according to IIAS, has previously made several promises to turn the business profitable, but these have not materialized.
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https://firstfunding.in/paytm-plunges-5-as-iias-asks-shareholders-to-vote-against-ceo-reappointment/

Cholamandalam Investment & Finance Company Ltd. shares were up 0.1% on Friday at 12:53 PM (IST). 17,048 shares were traded at the counter.
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https://firstfunding.in/chola-inv-finance-shares-up-0-01-as-nifty-gains/

The 377 million potential consumers across various regions are being targeted by the Softbank-backed e-commerce company Meesho, which has introduced eight more vernacular languages to its platform.
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https://firstfunding.in/meesho-adds-8-new-vernacular-languages-to-tap-377-million-potential-user-base/

The stock's 200-DMA was at Rs. 1908.93 on the technical charts, and its 50-DMA was at Rs. 1772.75.
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https://firstfunding.in/interglobe-shares-fall-0-72-as-nifty-gains/

Moment of truth for SaaS companies in the US market Clevertap had lowered its expectations owing to the general market downturn, according to a second person familiar with its fundraising strategy.
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https://firstfunding.in/saas-firm-clevertap-in-talks-to-close-75-million-funding-as-valuation-doubles/

The profit amount was in line with the Rs. 612.80 crore analyst poll projection.
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https://firstfunding.in/eicher-motors-q1-results-profit-jumps-158-yoy-to-rs-611-crore-meets-estimates/

Oyo recently completed the acquisition of the European company "Direct Booker," with more than 3,200 houses and 2 million clients served to date
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https://firstfunding.in/oyo-acquires-s-danish-chain-bornholmske/

The index will undergo semi-annual revisions, which will be announced in August and take effect on September 30.
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https://firstfunding.in/this-adani-group-stock-may-replace-shree-cement-in-upcoming-nifty-rejig/

According to bank executives knowledgeable of the situation, the RBI rejected a similar request from banks in June because it expected big losses in the first quarter.
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https://firstfunding.in/mtm-provisions-banks-may-seek-rbi-relief-again/

Up Grad, a higher education platform based in Mumbai has raised $210 million (about Rs 1,670 crore) in finance from Temasek, IFC, IIFL, Bodhi Tree, Kaizen Management Advisors in Singapore, Family Office of Bharti Airtel, Narotam Sekhsaria Family Office, and Lakshmi Mittal's Artian Investments.
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https://firstfunding.in/higher-education-platform-upgrad-raises-210m-in-funding-from-investors/

The biggest victim was State Bank of India, a public sector giant that unexpectedly reported a 7% drop in net profit year over year due to a significant decline in the market value of the bank's government bond holdings
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https://firstfunding.in/yield-surge-erodes-bank-profits-in-q1-sbis-the-worst-hit/

The wealth technology start-up Scrip box, located in Bengaluru, has partnered strategically with Wealth Managers in Pune to broaden both its geographic reach and clientele.
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https://firstfunding.in/wealthtech-startup-scripbox-acquires-wealth-managers-for-an-undisclosed-sum/

The vast bulk of the top 500 firms has already released their June quarter numbers.
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https://firstfunding.in/q1-results-this-week-lic-bharti-airtel-patanjali-foods-hero-moto/