[Funding alert] Education financing startup Propelld raises Rs 15 Cr from Stellaris Venture Partners and India Quotient

Propelld, a Bengaluru-based fintech startup that enables student education loans, on Monday, announced that it has raised Rs 15 crore from Stellaris Venture Partners and India Quotient. Existing investor India Angel Network Fund (IAN Fund) also participated in the round. Other investors in the round include Raghunandan G, founder of Taxiforsure and Ramakant Sharma, founder of Livspace, who participated as members of Stellaris’ Founder Network. Bibhu Prasad Das, Founder, Propelld said, “We are expanding the education credit market by creating tailor-made loan products with inputs from our institute and NBFC partners,…

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PM Narendra Modi’s lifestyle includes Yoga and so should yours! Here are 5 reasons why

Prime Minister Narendra Modi believes yoga is one of the most precious gifts given by the ancient Indian sages to the humankind. It teaches equilibrium and equanimity and is an integral part of our lives. According to him, yoga helps in achieving oneness among our body and soul and also with our families, society, and humankind. The world marked its 5th International yoga day on Friday. The United Nation Organization (UNO) on 11th December 2014 declared 20th June as annual calendar day for International Yoga after recognising the universal appeal and popularity…

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India becomes investment darling for sovereign wealth and pension funds

London: Sovereign wealth funds are piling into India, buying stakes in everything from airports to renewable energy, attracted by political stability, a growing middle class and reforms making it more enticing for foreigners to invest. Wealth and state pension funds are expanding their horizons to private markets, to complement an existing focus on stocks and bonds. “India is popular with sovereign wealth funds,” said Tihir Sarkar, London-based partner at Cleary Gottlieb, which counts several prominent sovereign funds as clients. “Almost every jurisdiction in the western world is raising the bar for…

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Time Mindtree, L&T top brass sat and talked real business: Phaneesh Murthy

The Indian IT industry, which went through a high growth curve, has now entered a more mature phase. Many Indian companies today compete effectively against global peers across geographies. It is typical of a mature industry to undergo consolidation through mergers and acquisitions and the Indian IT industry is no different. From targeted IP-driven acquisitions to mergers such as the ones between iGate and Patni and then subsequently Capgemini and iGate, KPIT and Birlasoft, as well as Atos acquiring Syntel, this consolidation trend is here to stay. All these, however, were done with buyers…

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Chinese investment in Europe: A story of cash and concerns

PARIS: Chinese firms have plowed at least 145 billion euros ($164 billion) into Europesince 2010, but investment has been slowing recently as several European governments tighten rules on acquisitions by foreign firms. As President Xi Jinping makes a crucial visit to Italy promoting China’s new Silk Road project, the EU remains divided over the best approach towards Beijing. Chinese direct investment into the European Union in 2010 totaled just 2.1 billion euros. That climbed rapidly to 20.7 billion in 2015 and then jumped to 37.2 billion in 2016, according to a study by Rhodium Group, as Chinese…

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The complicated truth about social media and body image

If you mindlessly scroll through Instagram or Facebook whenever you get a few seconds of downtime, you’re far from alone. But have you ever wondered how all those images of other people’s bodies – whether your friend’s holiday snap or a celebrity’s gym selfie – could be affecting how you view your own? Much has been made over the years about how mainstream media presents unrealistic beauty standards in the form of photoshopped celebrities or stick-thin fashion models. Now that influencers fill up our feeds, it’s easy to imagine that…

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