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Only 33% of Indians save regularly for retirement
Sunday, September 9, 2018, 5:37 PM
Only a third in India are regularly saving for their retirement while just 33% of working-age respondents globally are putting anything aside for their later life, according to a report. The lack of saving is likely linked to low knowledge of how much money is needed in retirement, as well as many prioritising their immediate financial situation over planning for their older years.
OYO may raise up to $1 billion, to cross $4-billion valuation
Thursday, August 16, 2018, 12:54 PM
Hotel chain OYO Rooms may soon raise $500 million to $1 billion in its next funding round, which could take its valuation up to $4.5-5 billion, as per reports. OYO is reportedly in talks with SoftBank, co-working giant WeWork, and a set of US-based investors. The Gurugram-headquartered company was last valued at $850 million after a $260-million SoftBank-led funding round.
FPIs infuse Rs 8,500-cr in capital markets in just 8 sessions
Sunday, August 12, 2018, 11:01 AM
Foreign investors have pumped in over Rs.8,500 crore into the Indian capital markets in the last eight trading sessions on improvement in crude oil prices, stabilising rupee and better corporate earnings. The latest fund infusion comes following a net inflow of over Rs.2,300 crore in the capital markets last month. Prior to that, overseas investors had pulled out over Rs.61,000 crore during April-June.
