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Category Archives: Business

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LIC offers to buy 51% stake in IDBI

LIC offers to buy 51% stake in IDBI Author: ANI Mumbai (Maharashtra) [India], July 17 (ANI): The Industrial Development Bank of India (IDBI) on Monday received an offer from the Life Insurance Corporation of India (LIC) seeking to buy a 51 percent controlling stake in

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CMAI’s 67th National Garment Fair to continue up to 19th July

CMAI’s 67th National Garment Fair to continue up to 19th July Author: ANI Mumbai [India], July 17 (ANI-BusinessWireIndia): The Clothing Manufacturers Association of India (CMAI) has organized, “India’s Largest Apparel Trade Show – The 67th National Garment Fair” from 16th July to 19th July 2018

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Mumum Co raises $500,000 towards expansion

Mumum Co raises $500,000 towards expansion Author: ANI Mumbai (Maharashtra) [India], July 17 (ANI): Mumbai-based children’s snack foods company, The Mumum Co, raised half a million dollars in an angel round of funding.The funds secured will be used for expansion in key metro and tier

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Grofers envisions Rs.2500cr-worth revenue by 2019

Grofers envisions Rs.2500cr-worth revenue by 2019 Author: ANI New Delhi [India], July 17 (ANI): With an aim to disrupt the online retail market space, Grofers, a low-price online supermarket, announced its foray into the FMCG segment with the launch of seven new brands under two

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Eatigo secures investment from TripAdvisor; total funding reaches $25mn

Eatigo secures investment from TripAdvisor; total funding reaches $25mn Author: ANI New Delhi [India], July 17 (ANI): Eatigo, a restaurant reservation platform in Southeast Asia, has received a follow-on investment from its existing strategic investor, TripAdvisor, bringing its total raise across all its investors to

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CBIC to organise 3rd GST refund fortnight from July 16

CBIC to organise 3rd GST refund fortnight from July 16 Author: ANI New Delhi [India], Jul 17 (ANI): The Central Board of Indirect Taxes and Customs (CBIC) will organise third refund fortnight from July 16 to July 30 to clear pending GST refunds.“In order to

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IMF slashes India’s growth prediction to 7.3% for 2018

IMF slashes India’s growth prediction to 7.3% for 2018 Author: ANI New Delhi [India], July 16 (ANI): The International Monetary Fund on Monday slashed India’s growth rate prediction to 7.3 percent for 2018 and 7.5 percent for 2019.In its latest World Economic Outlook (WEO), the

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Mu Sigma launches muPathshala in India for school students

Mu Sigma launches muPathshala in India for school students Author: ANI New Delhi [India], July 16 (NewsVoir): After the successful completion of Mu Sigma High, across several schools in the US, Mu Sigma, the world’s largest pure-play Big Data Analytics and Decision Sciences Company today

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Unacademy raises $21 mn funding to fuel growth

Unacademy raises $21 mn funding to fuel growth Author: ANI New Delhi [India], July 16 (ANI): Online learning platform, Unacademy, announced the closing of its USD 21 million Series C funding round from Sequoia India, SAIF Partners, and Nexus Venture Partners.The funds raised will be

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Eatigo receives investment worth USD 25 Mn from TripAdvisor

Eatigo receives investment worth USD 25 Mn from TripAdvisor Author: ANI New Delhi [India], July 16 (ANI): Restaurant reservation platform in Southeast Asia Eatigo on Monday announced receiving of a follow-on investment from its existing strategic investor, TripAdvisor.With an investment worth USD 25 million, the