• ENTREPRENEURS
    Velazquez on Small Business Lending and Commercial Real Estate Markets

    Washington (PRESS RELEASE – March 2, 2010) — Rep. Nydia M. Velazquez (D-NY), the Chairwoman of the House Committee on Small Business, delivered the following statement today at a joint hearing with the Committee on Financial Services entitled, “Condition of Small Business and Commercial Real Estate Lending in Local Markets”: “Earlier this week, the FDIC […]

  • NEWS
    Opening bell | Asian markets open lower; Cipla, Oil India in news

    Photo: Hemant Mishra/Mint Asian stocks fall on crude oil prices Asian markets opened lower. Stocks fell as falling oil pricesweighed on energy shares. Over the weekend, US stocks closed in green. S&P 500 gained 0.39% to 2,213 points. Demonetisation crushes earnings revival hopes Corporate earnings that were poised for a consumption-fuelled take-off on the back […]

  • STARTUPS
    Uber sells China ops to Didi, frees itself to expand in other markets

    The new entity combines Didi’s most recent valuation of $28 billion and Uber China’s $7 billion valuation for the $35 billion market capitalisation. Photo: Reuters Bengaluru: Uber Technologies Inc. is selling its China operations to fierce rival Didi Chuxing, ending an expensive price war and freeing it up to focus on other markets and possibly […]

  • ENTREPRENEURS
    Zomato scales lower back operations in 9 remote places markets

    Zomato CEO Deepinder Goyal says the organisation is not physically found in nations in which it is nota market chief. photo: Ramesh Pathania/Mint New Delhi: Zomato Media Pvt. Ltd has scaled returned operations in 9 of its 23 foreign places markets,inclusive of the us, as the eating place search and food ordering start-up looks to […]

  • ENTREPRENEURS
    TinyOwl discontinues offerings in all markets except Mumbai

    Tinyowl has on board one hundred personnel and all of them may be retained as part of the addressRoadrunnr. picture: Bloomberg Mumbai: Mumbai-based food ordering enterprise TinyOwl technology Pvt. Ltd has sent out an officialupdate that it might discontinue operations in all locations other than Mumbai. The informationchanged into first reported through digital information enterprise […]

  • ENTREPRENEURS
    Mahindra forays into MF business, eyes rural, semi-urban markets

    Photo: Bloomberg New Delhi: Mahindra Asset Management Company (AMC), which has received an approval from capital markets regulator Sebi to set up mutual fund business, Friday said it will focus on rural and semi-urban markets. The company is also in the process of setting up its products and marketing. Mahindra AMC, a wholly-owned subsidiary of […]

  • ENTREPRENEURS
    LIC’s profit seen slumping as choppy markets take a toll

    Photo: Rituparna Banerjee/Mint Mumbai: Life Insurance Corp. of India (LIC) is expected to post a year-on-year decline of 40% in profit-booking on equity investments in 2015-16, as choppy markets take their toll on the country’s largest investor. LIC is expected to book a profit of Rs.15,000 crore on equities in the year to 31 March, […]

  • STARTUPS
    Infibeam’s Rs450 crore IPO to hit markets on Monday

    In addition, the funds will be used for setting up of 75 logistics centres, purchase of software and for other general corporate purposes. New Delhi: Infibeam Incorporation will hit the capital markets on Monday to mop-up Rs.450 crore through an initial share plan, becoming the first e-commerce firm to tap the IPO route. The company […]

  • STARTUPS
    Zomato turns profitable in 6 markets, including India

    Zomato co-founders Pankaj Chaddah (left) and Deepinder Goyal. Photo: Ramesh Pathania/Mint Restaurant search and review website Zomato Media Pvt. Ltd said on Monday that the company has reached operational profitability in six markets, including India. Zomato has also turned operationally profitable in the United Arab Emirates, Lebanon, Qatar, the Philippines and Indonesia. “We can now […]

  • STARTUPS
    BankBazaar.com ventures into international markets with Singapore entry

    BankBazaar has set a target of around $10 million net revenue run rate (dollar terms) for its Singapore market in the coming months. Bengaluru: A&A Dukaan Financial Services Pvt. Ltd, the company that operates online financial services marketplace BankBazaar.com, has ventured into the international market starting with operations in Singapore. The company has appointed former […]