What Happened: China has announced a set of regulations that effectively ban the operation of for-profit education companies in the country. The new rules will no longer allow companies that teach school subjects to accept overseas investment, which could include capital from offshore registered entities of Chinese firms, according to a notice released by the … Read more
Zomato co-founder Deepinder Goyal said India is a tough market to operate in but the company will not focus on short term profits at the cost of long term success of the food delivery company. “India is a tough market to operate in, but if you are building to succeed in India, you are already … Read more
Ola electric is gaining an overwhelming response form the netizens. After the announcement of the colour variants of the much-anticipated e-scooter, spy images depicting its range have surfaced online. It is highly speculated that the Ola electric scooter could be the highest ranged two-wheeler EV in India with a range of 150 km. It is … Read more
We asked hundreds of top venture capitalists to name the most promising startups of 2021. VCs were asked to name companies inside and outside of their portfolios. They delivered an exciting list across industries like fintech, healthcare, adtech and beyond. See more stories on Insider’s business page. These 46 companies are some of the most … Read more
The government may not initially sell a 10% stake in Life Insurance Corp. of India (LIC) through an initial public offering (IPO), choosing instead to sell 5-6%, followed by a similar second public offering, given the mammoth size of the state-run insurer, four people aware of the development said. Although the valuation exercise of LIC … Read more
Billionaire hedge fund manager Bill Ackman told CNBC on Monday the economy will see a “massive” boom in the fall despite the coronavirus Delta variant. Ackman said trillions of dollars in federal stimulus, an increase in wages, pent-up savings, and the rise in vaccinations will lead to a “massive, massive economic boom.” The investor also … Read more
HCL Technologies is seeing higher spends on retail banking modernisation in the US, and in the technology and telecom verticals. These helped the firm report a constant currency growth of 11.7% in the first quarter, its CEO & MD C Vijayakumar said. “Banking clients in the US are also spending in the regular areas of … Read more
Billionaires are dominating headlines about space right now, but there’s a wealth of space technology startups flying under the radar. Insider spoke to space-focused venture capital firms and asked them to name two startups they are most excited about right now. We asked the VCs to pick one portfolio company and one they had no … Read more
Markets regulator Sebi and the Directorate of Revenue Intelligence (DRI) are probing some Adani Group companies for alleged non-compliance with rules, the government told Lok Sabha on Monday. Minister of State for Finance Pankaj Chaudhary in a written reply to a question said accounts of three of the six Mauritius-based funds, that have invested most … Read more