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India Business News: CHENNAI: The Indian electric vehicle (EV) sector has caught the eye of local and global investors.

Singapore’s GIC makes a strong comeback into desi startup market Top Searches Singapore’s GIC makes a strong comeback into desi startup market Rajesh Chandramouli / TNN / Jul 16, 2021, 04:00 IST FacebookTwitterLinkedinEMail Chennai: GIC of Singapore, the early backers of Indian companies is making a strong comeback into Indian startup space, writing cheques at a rapid pace, indicating its renewed interest in the Indian story. For 20 months between January 2019 and October 2020, the sovereign investor from Singapore was dormant with no investments, new or follow on. However, since Octob...

Will Section 66A finally be laid to rest? Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Unwrapped We'll soon meet in your inbox. / Unwrapped Last Monday, the Supreme Court of India said it was “shocked” that police across the country continue to charge people under Section 66A of the Information Technology Act, a law it struck down as unconstitutional in March 2015. “You file a counter as it is a shocking state of affairs,” Justice Rohinton Fali Nariman told Attorney General KK Venogopal, who sought two weeks to reply. Will 2021 be the year t...

Indian startups raise $12 billion till June SECTIONS Share Synopsis Indian startups raised $12.1 billion from venture capitalists and private equity firms in the first six months this year, beating the last calendar year’s overall funding by $1 billion, Venture Intelligence data shows. ETtech Illustration: Rahul Awasthi Mumbai: Indian startups raised $12.1 billion from venture capitalists and private equity firms in the first six months this year, beating the last calendar year’s overall funding by $1 billion, data compiled by Venture Intelligence shared with ET showed. The continued flow...

Yuan depreciates to 6.4572 against the greenback Oil drifts sideways Oil prices traded sideways on Thursday as investors waited for a decision from key producers on whether they would maintain or ease supply cuts in the second half of the year. Brent crude for September edged up 1 cent to $74.63 a barrel by 0048 GMT while the U.S. West Texas Intermediate crude for August was at $73.46 a barrel, down 1 cent but near its highest since 2018 of $74.45. FPIs sell shares worth Rs 1,647 cr Net-net, foreign portfolio investors (FPIs) turned sellers of domestic stocks to the tune of Rs 1,646.66 crore,...