Its proposed valuation of about Rs 200 crore is also a fraction of the capital it has raised -- over Rs 700 crore from top venture capital funds such as Sequoia Capital, SAIF Partners, Kalaari Capital and hedge fund Steadview Capital. Some investors may have to thus take a major haircut in order to secure an exit and for the company to survive, the people cited above added. … [Read more...] about Exclusive: Urban Ladder looks for buyer at lower valuation; top VCs may have to take haircut
India-China border tensions | Indian, Chinese soldiers move back 1.5 kilometres from respective claim lines
Tensions along the LAC were rising since early May amid a stand-off between Indian and Chinese soldiers. However, the tensions escalated to another level after 20 Indian Army soldiers, including an officer, were killed in a violent face-off in Ladakh’s Galwan Valley on June 15-16. … [Read more...] about India-China border tensions | Indian, Chinese soldiers move back 1.5 kilometres from respective claim lines
Over 100 mm rain in suburban Mumbai, Thane; more showers likely
Besides, the Nashik weather station reported 13.4 mm rainfall, the Ratnagiri bureau and the Harnai observatory in the district recorded 5.4 mm and 5.9 mm rain, respectively, and the Osmanabad district in Marathwada region of the state recorded 7.4 mm downpour during the period. … [Read more...] about Over 100 mm rain in suburban Mumbai, Thane; more showers likely
India surpasses Russia as third-worst hit country; Many states report highest single-day spike
Jharkhand has registered 17 deaths due to the disease, Chhattisgarh and Assam have reported 14 each, Puducherry has recorded 12, Himachal Pradesh 11, Chandigarh and Goa have registered six each and Meghalaya, Tripura, Ladakh and Arunachal Pradesh have reported a fatality each, according to ministry. … [Read more...] about India surpasses Russia as third-worst hit country; Many states report highest single-day spike
Coronavirus impact | Australia closes state border for first time in 100 years after COVID-19 spike
Delhi CM Arvind Kejriwal urges hospitals to encourage recovered COVID-19 patients to donate plasma US sanctions will hit Huawei, UK decision not set in stone: British minister ICMR says over one crore COVID-19 tests done in India so far … [Read more...] about Coronavirus impact | Australia closes state border for first time in 100 years after COVID-19 spike
