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Kiwi Startup Quashed Raises Funds To Put Consumers At The Centre Of Insurance


Friday, 5 March 2021, 7:31 am
Tech startup Quashed, which helps New Zealanders stay on
top of their insurance with its free eponymous online
platform, has raised $600,000 in an oversubscribed pre-seed
funding round led by Icehouse Ventures, with support from
private investors.
Quashed gives consumers a single
view of all their insurance policies, helping them keep on
top of how much they are spending, the amount they are
protected for, and presents alternative insurance options at
renewal time. Family members can be added to a consumer’s
profile for quick and secure access to their insurance
information.
The funds will be used to expand the ....

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RIL, Ircon International, Mahindra Lifespace Developers in focus


Shares of Reliance Industries (RIL) will be in focus. Reliance Jio Infocomm (RJIL) announced that it has successfully acquired the right to use spectrum in all 22 circles across India in the recently concluded spectrum auctions conducted by Department of Telecommunications, Government of India. The payment to be made for the right to use this technology agnostic spectrum for a period of 20 years is Rs. 57,123 crore
Ircon International announced that the company s promoter proposes to sell up to 4,70,25,787 equity shares of the company, representing 10% of the issued and paid up share capital of the company on 03 March and 04 March 2021 through a separate window of the BSE and NSE. The Government may exercise an option to additionally sell 2,82,15,473 equity shares, representing 6% of the issued and paid up share capital of the company. The floor price for the offer shall be Rs 88 per share. ....

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Barometers trade in range; Services PMI stands at 55.3


Benchmark indices traded in a narrow range near the day s high in mid morning trade. The Nifty traded above the 15,050 level. Barring the Nifty Auto index, all the sectoral indices on the NSE were trading in the green.
At 11:25 IST, the barometer index, the S&P BSE Sensex, was up 462 points or 0.92% at 50,758.64. The Nifty 50 index surged 152.35 points or 1.02% at 15,071.70.
In broader market, the S&P BSE Mid-Cap index was up 1.15% while the S&P BSE Small-Cap index rallied 1.56%.
The market breadth was strong. On the BSE, 1822 shares rose and 880 shares fell. A total of 159 shares were unchanged.
COVID-19 Update: ....

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