investment Archives - Page 22 of 23

SoftBank loses $1.4B investment in Snapdeal, Ola

May 11, 2017 Loknath Dasan, As, Buy, investment, Is, It, property, Right?, The, Time, to

SoftBank cannot possibly need more reasons to push Snapdeal off its portfolio. According to its consolidated financial report for FY 2017, the company has faced a combined loss of $1.4 billion in investments in the online marketplace as well as in cab hailing platform Ola. In February this year, SoftBank had written off $475 million from the same two players – its biggest investments in India. Image credit: Anisha Despite the backing from the likes of Kalaari Capital, Nexus Ventures, Alibaba, and Foxconn, Gurgaon-based Snapdeal has been unable to raise funding…

Why British women are less likely to seek investment advice than US, Canadian peers

May 8, 2017 Loknath Dasadvice, Are, British, Canadian, investment, Less, Likely, peers, Seek, Than, to, US, Why, Women

David Shopper | Getty Images Women in the U.K. are less likely to reach out for help with their investments than their counterparts on the other side of the Atlantic, according to new research which points to a continued lack of provision in the U.K. advice market. Just over two-fifths (41 percent) of British women say they would ask for financial advice from knowledgeable individuals compared to more than half of women in Canada (57 percent) and the U.S. (53 percent), a study by RBC Wealth Management has suggested. While…

Strong Rupee May Help Ease India Outbound Investment Rules

May 4, 2017 Loknath DasEase, Help, India, investment, May, Outbound, Rules, Rupee, Strong

A surging rupee, rising currency reserves and a comfortable current-account gap could see India’s central bank consider relaxing rules on outward investments, paving the way for domestic companies to step up their shopping abroad, especially in Latin America and Africa. An uptick in overseas acquisitions would help keep a lid on the rupee, which is among the top performers this year. While the strengthening currency is helping the central bank keep inflation in check, additional gains are threatening to snuff out a nascent recovery in exports. Analysts like Santosh Pai, a…

LICs investment in ITC makes govt party to tobacco promotion PIL

April 27, 2017 Loknath Dasgovt, In, investment, ITC, LICs, Makes, Party, PIL, promotion, to, Tobacco:

The Bombay High Court on Thursday heard a petition alleging that PSU insurers such as LIC are going against the government’s anti-tobacco stand by investing in cigarette manufacturing company ITC. The World Health Organization tobacco treaty bars the government from investing in tobacco companies, they said. The petitioners also said that the investments make the government party to tobacco’s promotion. The six petitioners include the Managing Trustee of the Tata Trusts, Lakshman Sethuraman, Ashish Deshmukh, Member of Maharashtra Legislative Assembly, Sumitra Hooda Pednekar, widow of a Maharashtra Minister who died of throat cancer, Pankaj Chaturvedi, a Surgeon…

Cambodia’s ‘Buzzfeed’ Attracts Silicon Valley Investment

March 25, 2017 Loknath DasAttracts, Buzzfeed, Cambodia’s, investment, Silicon, Valley

Khmerload.com, based in Phnom Penh, is the first Cambodian tech startup to receive Silicon Valley financial backing. PHNOM PENH, CAMBODIA Khmerload, a Cambodian entertainment news website modeled after the American media giant Buzzfeed, has become the country’s first local tech startup to attract the backing of Silicon Valley investors. A $200,000 investment to be exact. The money came from 500 Startups, a global venture capital seed fund and startup accelerator founded by PayPal and Google alumni, Dave McClure and Christine Tsai, who took notice of the website, launched five years…

Bike lanes are a sound public health investment

September 30, 2016 Srijitaa, Are, Bike, Health, investment, lanes, Public, sound

A woman rides a bicycle along a designated bike lane on Queens Boulevard in the borough of Queens in New York, U.S., May 5, 2016. (REUTERS/Shannon Stapleton) Every $1,300 New York City invested in building bike lanes in 2015 provided benefits equivalent to one additional year of life at full health over the lifetime of all city residents, according to a new economic assessment. That’s a better return on investment than some direct health treatments, like dialysis, which costs $129,000 for one quality-adjusted life year, or QALY, said coauthor Dr.…