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US firm Vanguard Group made Rs 1,294 crore investment in 10 stocks, in single day; do you own any?

The Vanguard Group Inc, the US-based investment management company, invested nearly Rs 1,300 crore in a single day on March 15 when the Nifty50 closed at fresh six-month high. The investment firm through its Vanguard Emerging Markets Stock Index bought equity stake in 10 Indian companies through open market transactions. As per the bulk deal data published on National Stock Exchange, 10 stocks where the firm purchased equity shares are Aarti Industries, Bata India, Castrol India, DCB Bank, NIIT Technologies, RBL Bank, TeamLease Services, TTK Prestige and V-Guard Industries. Vanguard Emerging Markets Stock Index bought shares worth Rs 1,294 crore,…

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Fake investment firm cons youth of Rs 3.35 lakh with big returns vow

Representative Image LUCKNOW: An aspirant for Provincial Civil Services-Judiciary (PCS-J) has been duped of Rs 3.35 lakh in the name of an investment scheme. The victim, Sachin Tiwari, a resident of Manaknagar, lodged an FIR on Saturday. Sachin told the police that he read an advertisement of a lucrative investment scheme on a dating website in December last year. “I provided my details and phone number on the website. On December 1, I received a call from Komal who claimed being an employee of ‘Real dating Group’ and explained me various investment plans,” Sachin…

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Ola Invests $100 Million In Scooter Sharing Firm Vogo To Supply 100,000 Scooters

  Bhavish Aggarwal, Co-founder & CEO with Anand Ayyadurai, Founder & CEO, Vogo App-based ride-hailing platform Ola has announced that the company will be investing $100 million (around ₹ 710 crore) in Vogo – India’s fast-growing scooter sharing network. The investment will go into the supply of 100,000 scooters by Vogo that will be used for short commutes. The collaboration will help Vogo gain a strategic supply advantage without having to incur signfiicant capital expenditure, while Ola’s 150 million customer base will be able to use Vogo’s services directly from…

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WestBridge leads Series B investment in healthcare data firm Innovaccer

Innovaccer Inc., a Silicon Valley-based healthcare data platform, has raised $25 million (Rs 168 crore) in a Series B round of funding led by Westbridge Capital, a company statement said. US-based venture capital firm Lightspeed Ventures also participated in the round, the statement added. With this investment, the total capital raised by Innovaccer stands at $41 million. Innovaccer will use the funds to continue building its data platform by leveraging its machine learning capabilities and to create a set of new patient engagement applications and platform capabilities for partners to…

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Samsung the Third Most Reputed Firm in the US: Report

South Korea’s No.1 tech firm Samsung Electronics Co. was named the third-most reputable company in the US, an industry tracker said on Wednesday. Samsung’s rival, the top tech giant Apple Inc., remained out of the top 100, Yonhap news agency reported. According to research conducted by US-based Reputation Institute, the South Korean tech giant came in behind Amazon.com Inc. and Hallmark Cards Inc. in terms of reputation in the country. Foodstuffs maker Kellogg Company, Japanese tech giant Sony Corp. and Johnson & Johnson followed Samsung on the list. Switzerland-based watch…

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Apple Says Not Making an Offer for GPU Firm Imagination Technologies

Apple said on Tuesday it had talked about buying its supplier Imagination Technologies but did not plan to make an offer for the British graphics chip designer at the moment. Shares in Imagination, which counts Applie amongst its top shareholders and whose technology is used in Apple devices including the iPhone and iPad, jumped earlier on Tuesday after website Ars Technica UK said Apple was in talks to buy the company. “From time to time, Apple talks with companies about potential acquisitions,” the US company said in subsequent a statement….

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