Tag Archives: Investment

[Jobs Roundup] Enter the VC industry with these investment analyst job openings

The Venture Capital industry in India is on the surge, now more than ever, thanks to Indian startups finding their niche and subsequently their corresponding addressable markets. While VC firms might fall under the radar of the so-called FOMO (fear of missing out), heavy dependence falls upon the investment analysts or associates who carry out the due-diligence, sourcing of deals, ... Read More »

HSBC mulls job cuts in investment banking to salvage margins: Report

HSBC Holdings is mulling over extensive job cuts  in the company’s investment banking unit to salvage its financials, sources told Bloomberg. As many as 500 jobs are on the chopping block with Greg Guyett, who heads the Global Banking vertical, expected to begin the process by mid-June, the wire added. The vertical employs 24,000 in HSBC. The report noted that this is ... Read More »

Business secretary to announce investment in battery technology

Greg Clark, the secretary of state for business, energy and industrial strategy. Photograph: Richard Gardner/Rex/Shutterstock A £246m investment in developing battery technology in Britain is to be launched by the government as part of its drive towards what it says is a modern industrial strategy. The business and energy secretary, Greg Clark, will announce the funding, including a £45m competition to ... Read More »

Apple’s Request for Investment Incentives Will Be Considered With ‘Open Mind’: Ravi Shankar Prasad

India will consider Apple’s request for incentives to invest in the country with an “open mind”, Information Technology Minister Ravi Shankar Prasad told reporters on Wednesday. “We will very much like Apple to come and have a base in India,” Prasad said. Apple has sent a list of demands to the Indian government, seeking tax concessions and several other policy ... Read More »

Dual Camera Maker Corephotonics Receives $15 Million Investment From Samsung, Foxconn, Others

Israeli firm Corephotonics, specialised in making dual camera setups for smartphones, has managed to raise a whopping $15 million in a funding round. The biggest investors in the company include Foxconn, Samsung, and MediaTek. The investment is significant as it indicates the importance being placed on dual camera setups, seen in such smartphones as the iPhone 7 Plus and the ... Read More »

LeEco Gets Fresh $2.18 Billion Investment From Property Developer Sunac

Chinese technology conglomerate LeEco has secured a new round of investment worth CNY 15.04 billion ($2.2 billion or roughly Rs. 14,856 crores) from property developer Sunac China Holdings, according to a stock exchange statement made by Sunac on Friday. Last year LeEco’s founder and chairman Jia Yueting said that his company was facing financial obstacles due to the rapid pace ... Read More »

Apple Can Sell iPhone 7 in Indonesia Only After R&D Investment Commitment

Apple Inc has committed to invest around $44 million (roughly Rs. 298 crores) in a research and development center in Indonesia over the next three years, a senior government official said, enabling it to start selling its latest iPhone 7 in the Southeast Asian nation. Indonesia, a promising smartphone market where Apple has trailed some rivals, has stipulated that starting ... Read More »

No Proposal To Hike EPFO Investment In ETFs: Bandaru Dattatreya

New Delhi: Retirement fund body EPFO is not considering any proposal to increase investments in Exchange Trade Funds (ETFs), Parliament was informed on Monday. “The Central Board of Trustees (CBT), Employees’ Provident Fund (EPF) has approved investment of only 5 per cent in ETFs. At present, there is no proposal under consideration of the government to enhance this limit,” Labour ... Read More »

Uber to make investments ‘sizable component’ of $3.5 Billion investment on India

online taxi aggregator Uber will invest in India a “big portion” of the $three.5-billion (roughly Rs. 23,213 crores) funding raised from Saudi Arabia’s sovereign wealth fund, as the us-based company is looking to overtake nearby rival Ola. Uber has raised $three.5 billion from Saudi Arabia’s sovereign wealth fund, valuing the company at $62.5 billion (kind of Rs. four,20,544 crores) and ... Read More »

Jolla Secures extra investment to broaden and License Sailfish OS

Jolla, the Finnish cell company and developer of open mobile working machine Sailfish OS, introduced that it has secured $12 million (more or less Rs. 79 crores) in new financing to strengthen its OS licensing commercial enterprise, following its ultimate fund-increase in December 2015 . Powered with the aid of its new investments, the startup stated it’s going to continue ... Read More »