Ola raises around $16 million from J3T Ventures, HBM Investment, others

Ola raises around $16 million from J3T Ventures, HBM Investment, others

SoftBank-backed Ola has raised another tranche of around $16 million from at least nine new investors, including J3T Ventures and HBM Investment in its ongoing Series J round, according to documents filed with the Registrar of Companies (ROC) and sourced...
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Rupee falls 14 paise to 64.52 as RBI keeps rates unchanged, raises inflation forecast

Rupee falls 14 paise to 64.52 as RBI keeps rates unchanged, raises inflation forecast

The rupee weakened further by 14 paise to close at 64.52 against the US dollar after the Reserve Bank decided to keep rates unchanged and raised the inflation forecast on Wednesday. Besides, heavy capital outflows in anticipation of rate hike...
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Axis Bank Raises $500 Million From Bonds

Axis Bank Raises $500 Million From Bonds

New Delhi: Private sector Axis Bank on Wednesday said it has raised $500 million from bonds to fund global business. The bank has issued senior fixed rate bonds aggregating to $500 million under the Medium Term Note (MTN) Programme through...
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RBI Raises Foreign Investment Limits In Bonds, Tweaks Rules

RBI Raises Foreign Investment Limits In Bonds, Tweaks Rules

Mumbai: The Reserve Bank of India on Monday increased the investment limits by foreign investors in government bonds by Rs. 11,000 crore to Rs. 2.42 lakh crore, while also tweaking rules to attract more long-term investments. As part of the...
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Iran raises oil exports to West, almost on par with Asia

Iran raises oil exports to West, almost on par with Asia

Iran’s oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016 and almost caught up with volumes exported to Asia, a source familiar with Iranian oil exports said. Iran, which...
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Iran raises oil exports to West, almost on par with Asia

Iran raises oil exports to West, almost on par with Asia

Iran’s oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016 and almost caught up with volumes exported to Asia, a source familiar with Iranian oil exports said. Iran, which...
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