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Cyclone Phethai: 1 killed in Andhra Pradesh, Odisha on high alert

Tuesday, December 18, 2018, 8:08 PM

Cyclone Phethai barrelled through coastal Andhra Pradesh on Monday, triggering heavy rains, uprooting trees and electric poles, and claiming one life, officials said. A boat carrying seven fishermen went missing in the Bay of Bengal off Visakhapatnam, even as Phethai crossed the coast in East Godavari district and moved towards Odisha after weakening gradually, the Chief Ministers Office said Monday night.
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Closing bell: Sensex rises 77 points, Nifty settles above 10,900

Tuesday, December 18, 2018, 8:08 PM

Indian benchmark indices rose for the sixth straight session on Tuesday led by gains in power and energy stocks such as NTPC and Power Grid. Shares of oil marketing companies rose as crude oil price declined over 2%. The BSE Sensex closed 77.01 points, or 0.21%, up at 36,347.08, and the Nifty 50 ended 20.35 points, or 0.19%, higher at 10,908.70.
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Agri-food startups raised $1.6 billion in 2013-17: Report

Tuesday, December 18, 2018, 8:06 PM

Indian farm and food startups raised $1.6 billion in five-years to 2017 as they cater to the needs of the massive Indian middle class looking for convenience and new food formats, according to a-report by AgFunder, a US-based farm investor, and agri-tech-focused investor Omnivore Ventures. 2015 saw investments peak at $681 million as venture capital funds started writing larger cheques for early-stage agri-food firms.

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