Gaana Pushing Indians To Pay For Music Streams billboard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from billboard.com Daily Mail and Mail on Sunday newspapers.
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Online travel app
Ixigo has raised $53 million from investors led by Gamnat, an investment firm
managed by Singapore sovereign wealth fund GIC Private Limited, according to
filings with India’s Ministry of Corporate Affairs.
The round also has
participation from Bay Capital Holdings Limited, IE Venture Fund, India Acorn Fund
Limited, Malabar India Fund Limited and others.
Launched in 2007, Ixigo
is an online travel agency that offers bookings of flights, hotels, trains and
buses. In February, Ixigo acquired Confirmtkt, an Indian online train discovery
and booking platform.
The company says prior to the pandemic, more than 25
million people took train trips every day in India, making it an
Rupee fall is hurting bonds now among Asia’s worst
SECTIONS
Last Updated: Apr 22, 2021, 08:04 AM IST
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Synopsis
The weaker rupee is also making borrowers hesitate to tap what would otherwise be some of the lowest borrowing costs ever in the dollar bond market.
ETAuto
By Rahul Satija
A slide in the rupee is exacerbating a slump in Indian corporate dollar notes that are now among the worst performers in Asia, just as concerns mount that companies are hedging less.
The securities have lost about 0.1% in April, worse than a 0.4% gain for a broader Asian dollar bond gauge, according to a Bloomberg Barclays indexes. All the other countries in Asia have posted positive returns, except China which lost about 0.4% after the stumble by China Huarong Asset Management Co.
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Securities Fraud on the Dark Web Using Bitcoin
For the first time, the Securities and Exchange Commission (SEC) has brought an action against an individual, James Roland Jones, in connection with activities on the dark web that the SEC asserts constituted securities fraud under 10(b) and 10b-5 of the Securities Act of 1933, as amended. Mr. Jones is accused of accepting Bitcoin in exchange for selling falsified information on dark web marketplaces. The SEC’s March 18, 2021 complaint describes the attempts by Mr. Jones to first obtain material nonpublic information about the public securities markets, and then after failing to do so, sell false nonpublic information about the public securities markets. Although Mr. Jones did not actually obtain nonpublic information, the SEC asserts that he
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