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Swiggy Enters Unicorn Club, Raises 210 Million Dollar Investment

Food delivery startup Swiggy On Thursday became a part of the Unicorn club, with Russian billionaire Yuri Milner's' DST Global and existing backer Naspers leading a $210 million investment. The company said that hedge fund Coatue and existing backer Meituan Dianping are also participating in this round, as it beefs up its war chest to battle Zomato, Ubereats and Foodpanda. The additional capital will be used by Swiggy to ramp up its supply chain network and expand to new markets. Swiggy was valued...

ANANYA BHATNAGAR | June 21 , 2018

Facebook Share Hitting $200, Zuckerberg Soon To Be Richest

Mark Zuckerberg is poised to become the world’s third-richest person surpassing Warren Buffett According to the Bloomberg Billionaires Index, Zuckerberg, who is more than 50 years younger to the Berkshire Hathaway Inc. chairman, Warren Buffett, is now worth $81.3 billion, gaining $8.5 billion this year. Facebook was stuck by a data-privacy crisis in the aftermath of Cambridge Analytica controversy that caused its stock to tumble 18 percent. Its rebound from a closing low of $152.22 on March...

ANANYA | June 21 , 2018

SEBI Alters IPO Guidelines, Reduce Price Band Announcement To Two Days

Securities and Exchange Board of India after it’s board meeting on Thursday has cut the time for the announcement of price band for initial public offers (IPOs) to two days. Previously five days were given to announce the price band for IPOs. While addressing a press conference after the board meeting on Thursday chairman of the board Ajay Tyagi said that that the market regulator has made changes to the buyback norms and intends to lessen regulations for foreign portfolio investors (FPIs) and...

ANANYA BHATNAGAR | June 21 , 2018

Mallika Sherawat to star in the Indian version of The Good Wife

Popular American drama series 'The Good Wife' will be getting an Indian archetype with Actress Mallika Sherawat adapting the show and bringing it to the Indian screens. The Good Wife which concluded in May 2016, a successful legal-political drama ran on CBS for seven seasons. The show revolved around the main lead Alicia Florrick, played by Julianna Marguiles, who returns to work as a litigator to support her home and children, after a lull of 13 years as a stay at home mother, when her husband...

NEWS WORLD INDIA | June 21 , 2018

Tripura Assembly Applauds Man & Daughter For Preventing Rail Accident

Cutting across party lines, members of the Tripura Assembly on Thursday praised Swapan Debbarma, 45, and his teenage daughter who last week averted a train accident saving the lives of over 2,000 passengers.Health and Science and Technology Minister Sudip Roy Barman raised the issue in Zero hour and requested Chief Minister Biplab Kumar Deb and the House to extend a befitting reward to the two.Deb told the House that Debbarma's name would be recommended to the Central government and the Railways...

IANS | June 21 , 2018

FIFA World Cup: Female Reporter Sexually Abused On Live TV

A terrible incident took place at the ongoing FIFA World Cup in Russia. Julieth Gonzalez Theran, who works for Deutsche Welle Spanish news channel was sexually abused while she was live on-air. The incident took place on June 15 when the reporter was reporting live from Saransk when a man suddenly entered the frame, groped her and quickly ran off after kissing her. The reporter was on camera while the incident took place. She, however, remained calm and finished her report. The journalist shared...

NEWS WORLD INDIA | June 21 , 2018