Millennials almost half of new mutual fund investors in FY19

Millennials are taking to mutual funds investing and are letting their corpuses grow by holding them over long term. According to data from Computer Age Management Services (Cams), of the 3.6 milli...

Drip Capital raises US$ 25 million from Accel, Sequoia India, others

Trade finance firm Drip Capital has raised US$ 25 million in a Series B funding led by Accel with participation from existing investors, including Sequoia India, Wing VC, and Y Combinator.

'Nal se Jal' scheme: Water, sanitation may attract Rs 6.3L crore investment in next 5 years

With the introduction of new 'Nal se Jal' scheme, water and sanitation sector is expected to attract investment worth Rs 6.3 lakh crore (US$ 87.57 billion) in the next five years.

Govt plans to raise Rs 3.25 lakh crore through disinvestment in next 5 years

The Government of India plans to raise Rs 3.25 lakh crore (US$ 47.4 billion) in the next five years by reducing its stakes in some large state-owned firms including banks to around 40 per cent.

Unicorn India Ventures launches Rs 400 crore tech-focused fund

Unicorn India Venture aims to invest Rs 400 crore (US$ 55.6 million) in B2B technology start-ups, including SaaS, artificial intelligence (AI), machine learning, and internet of things (IoT).

Deposits in Jan Dhan accounts cross Rs. 1-trillion mark

Bank accounts opened under Jan Dhan scheme have crossed the Rs. 1 lakh crore (US$ 139 billion) mark in deposits since its launch.

India plans to raise $10 billion from first foreign bond sale

The Government of India plans to raise around US$ 10 billion from its first overseas sovereign bonds sale.

Growth stage investments in Indian start-ups cross US$ 1 billion in January-June 2019

Growth stage investments in Indian start-ups set a new record by breaching the billion dollar mark as it stood at US$ 1.17 billion in first half of 2019, as compared to US$ 994 million from past ye...