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himanshu1 · 3 years
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2021 was a big year for cryptocurrencies across the world. The total market capitalization of crypto assets touched an all-time high of $ 3 trillion in November. While nearly 14% of Americans now own crypto assets, India has nearly 15 million crypto investors, making us the second-largest country in the world when it comes to global crypto adoption, as per market research firm Chainalysis.
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himanshu1 · 3 years
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Many investors swear the principles of value investing. They don't like owning mutual funds that go after stocks with frothy valuations. These investors like to play it safe - they want their mutual funds to own stocks with strong fundamentals. They wouldn't mind if the market didn't like stocks. Don't mind waiting. Welcome to the land of valuable investors.
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himanshu1 · 3 years
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Vietnam's M_Service JSC, which operates Warburg Pincus LLC-backed fintech app MoMo, crossed $2 billion in valuations after raising nearly $ 200 million from investors led by Mizuho Bank.
MoMo said in a statement that Ward Ferry Management and current shareholders Goodwater Capital LLC and Kora Management also joined in financing the Series E. Nguyen Manh Tong, co-founder of the Ho Chi Minh City startup, said in an interview that the Latest financing gives the company a valuation of more than $ 2 billion.
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himanshu1 · 3 years
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While last year, in March 2020, the Covid situation appeared to be a bottomless pit, this year the magnitude and timeline of damage to the economy seem to be relatively more determinate. There has been no national lockdown and states implemented targeted lockdowns allowing manufacturing and construction activities in most cases.
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himanshu1 · 3 years
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The seven states are Bihar, Jharkhand, Maharashtra, Punjab, Tamil Nadu, Uttar Pradesh, and West Bengal. It added that all seven states were asked to plan sessions based on the Pharmajet injector and to identify vaccinators to be trained for using it for vaccination.
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himanshu1 · 3 years
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Beauty and personal care e-commerce platform Purplle acquired beauty and skincare brand, Faces Canada. Both companies are backed by Sequoia Capital.
The acquisition comes after Purplle raised $60 million last month from Premji Invest, the family office of Wipro founder Azim Premji, and valued the consumer brand (D2C) at $630 million. Weeks prior to that company had raised $75 million from Kedaara Capital.
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himanshu1 · 3 years
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Uttar Pradesh Chief Minister Yogi Adityanath will give free mobiles and tablets to one lakh final year students studying in different streams on December 25. CM Yogi will give away free mobile phones and tablets to one lakh final year youth at the Bharat Ratna Atal Bihari Bajpayee Ekana Stadium in Lucknow in the first phase. Large numbers of students from every district in the state will participate in the program.
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himanshu1 · 3 years
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The institute said in a statement that IIT Delhi researchers have developed an RT-PCR-based assay for the specific detection of the Omicron variant within 90 minutes.
The assay is based on detecting specific mutations present in the Omicron variant and absent in the variants currently circulating for Covid.
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himanshu1 · 3 years
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Online restaurant company Rebel Foods, which recently became a unicorn after raising $175 million, said it will put in $150 million in "strategic" investments and acquisitions in India and abroad to expand partnerships with more than 40 domestic and foreign food brands.
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himanshu1 · 3 years
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Infosys Consulting Pte. Ltd., a wholly owned subsidiary of Infosys Ltd, said on Wednesday that it has acquired 100% of the share capital of Singapore Telecommunications Ltd’s  (Singtel) Delivery Center in Malaysia - Global Enterprise International Malaysia - for SGD 6 million (approximately $4.4 million).
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himanshu1 · 3 years
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Wipro Limited said on Wednesday that it has signed an agreement to acquire LeanSwift Solutions, a Florida, US-headquartered system integrator, to enhance its cloud capabilities. The acquisition aligns with Wipro's strategy to invest in and expand its cloud transformation business through Wipro FullStride Cloud Services.
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himanshu1 · 3 years
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Telecom major Reliance Jio and Meta (formerly Facebook) on Wednesday said that Jio users will soon be able to recharge their subscription using WhatsApp.
Speaking at the Meta Fuel for India 2021 event, Jio Platforms Ltd Director Akash Ambani said that the Jio and Meta teams are working closely together to open up more avenues of collaboration.
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himanshu1 · 3 years
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Pharma major Lupine said on Thursday that its wholly-owned arm Lupin Inc signed an agreement with TTP Plc to acquire exclusive worldwide rights to develop, manufacture, and commercialize inhalation products, using the latter's soft-mist inhalation technology platform. The company said in a regulatory filing that TTP's (The Technology Partnership) soft-mist inhalation technology (SMI) allows inhaler medication to be delivered from a small handheld inhaler without the use of pushers.
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himanshu1 · 3 years
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Here's a look at 9 ways one can save on income taxes and improve overall financial fitness.
1. Invest in tax saving tools
To encourage saving by citizens, the government has introduced certain tax deductions on the amounts invested in specific instruments under Section 80C of the Income Tax Act of 1961. Some of the specific investment instruments to the purposes of tax planning are:
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himanshu1 · 3 years
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SoftBank Vision Fund 2, backed by Japan's SoftBank Group Corp., said it will invest $50 million in software-as-a-service (SaaS) company SenseHQ with a valuation of more than $ 500 million, a senior company executive said.
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himanshu1 · 3 years
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As the Omicron coronavirus spreads in southern Africa and pops up in countries around the world, scientists are anxiously watching a battle that may determine the future of the pandemic. Can Delta's newest competitor to the world-dominating Delta overthrow it?
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himanshu1 · 3 years
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Twitter Inc said Tuesday that it acquired Slack's competitor, Quill, to help the social networking company improve its messaging tools.
The acquisition comes as Twitter recently appointed a new chief executive, Parag Agrawal, to replace co-founder Jack Dorsey, who stepped down from the top role last week. Agrawal, who served as chief technology officer, is expected to focus more on engineering to the company.
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