Loknath Das, Author at Pinfaves

Fintech platform Zeta secures C series investment from Sodexo; deal values company at $300 mn

July 24, 2019July 24, 2019 Loknath Das

Fintech platform Zeta on Tuesday secured a series C investment from Sodexo Benefits and Rewards (BRS), at a valuation of $300 million. With this new capital, Zeta will look at expanding its business in the United States, United Kingdom, Europe and SouthEast Asia. Starting operations in 2015 in the digital meal benefit market, Zeta over 14,000 corporate clients and more than 1.9 million users using its employee benefits and corporate gifting platform. It has partnerships with organisations such as RBL Bank, IDFC First Bank and Kotak Mahindra Bank. “Today’s banking…

Future Lifestyle Q1 net profit drops 7 pc to Rs 24.54 cr

July 23, 2019July 23, 2019 Loknath Das24.54, 7, Drops, Future, lifestyle, net, PC, Profit, Q1, Rs., to

New Delhi: Future Lifestyle Fashions (FLFL), part of the Kishore Biyani-led Future Group, Saturday posted a 6.83 per cent fall in consolidated net profit at Rs 24.54 crore for the first quarter of 2019-20. The company’s net profit stood at Rs 26.34 crore in the June quarter of last fiscal, it said in a regulatory filing. Profit took a beating due to higher expenses, which rose to Rs 1,507.02 crore during the April-June period of the current fiscal from Rs 1,281.91 crore in the year-ago quarter. Total income increased to Rs 1,551.11 crore from Rs…

Whole Child Education Has Come Far. It Still Has a Long Way to Go.

July 22, 2019July 22, 2019 Loknath Das

What does a “whole child education” mean to educators? That has been a question we’ve been helping to answer since ASCD launched its whole child initiative more than a decade ago. More recently, it’s taken on greater awareness (and confusion) with the increased attention around social-emotional learning. So it is no surprise that EdSurge would publish a research article centering around this question, given the various definitions and perceptions among educators. We’ve seen and heard a multitude of definitions of what whole child means. To some it references providing nutritious food or…

China moves up date for lifting some restrictions on foreign investment to 2020

July 21, 2019July 21, 2019 Loknath DasChina, Date, for, Foreign, investment, Lifting, Moves, On, restrictions, Some, to, Up

BEIJING – China lifted some restrictions on foreign investment in the financial sector Saturday as the world’s second-largest economy fights slowing growth at home and a damaging trade war with the United States. China will remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, one year earlier than originally planned, the Financial Stability and Development Committee said in a statement posted by the central bank. Foreign investors will also be encouraged to set up wealth management firms, currency brokerages and pension management companies, the statement…

How investment platform Groww is making investing as simple as shopping online for millennials

July 19, 2019July 19, 2019 Loknath Dasfor, Groww, How, Investing, investment, Is, Making, Online, Platform, Shopping, simple

“Investing should be as simple as shopping online,” says Harsh Jain, who co-founded Groww, India’s fastest growing investment platform, with former Flipkart colleagues Lalit Keshre, Neeraj Singh and Ishan Bansal in 2017. In fact, it is this simplified approach to investing that is attracting a new generation of first-time investors into the market. According to research by Groww, by 2020, nearly 76 percent of India’s population will comprise of millennials (those born between 1981 and 1996), who are arguably the most digitally-savvy generation ever. They also have very different perspectives than previous generations…

Why this investment banker aspirant decided to manufacture notebooks and paper products instead

July 17, 2019July 17, 2019 Loknath Dasand, aspirant, banker, decided, investment, manufacture, notebooks, Paper, Products, This, to, Why

One can never grow tired of the simple pleasure of putting pen to paper. While we live in a world of digital diaries and reminders on the cloud, the habit of writing things down has its own charm. Shreshtha Poddar loved jotting down little notes even as she tapped away at her phone and computer. This led to idea for Notex Notemakers, a notebook manufacturing company. Shreshtha’s father, Kailash Poddar, had always wanted to start a notebook manufacturing company, so that his four children could work together. But Kailash was unable to see…