Friends and money—two words that always steer clear of each other. But, when Shayan, Sanchit, Naina and Jatin meet for dinner, the exact opposite happens! And, why not? Shayan, a creative whiz, is busy spending money. Sanchit, on the other hand, is busy counting it, being the perfect businessman that he is. The cute couple on the block—Naina and Jatin—are, however, caught up with planning their money. They meet every Friday, chatting about life, work, relationships, future plans, and, most importantly, finances. No, conversations about money, especially with friends, don’t always get boring or awkward.Think about it—when your friend is your financial advisor, not only do you talk about money more openly, but also end up planning the best way ahead!A secure future can be planned over a simple dinner. Don’t believe us? Catch these four friends do exactly that in the first episode of Friday Finance, a web series brought … [Read more...] about Would you talk about money with friends? Now, that’s a million-dollar question!
200 million dollar yacht
BENGALURU: Freshworks, one of India’s largest software-as-a-service (SaaS) companies, said it has raised $150 million at a valuation of $3.5 billion from existing investors Accel, Sequoia Capital India and CapitalG, the investment unit of search engine Google’s owner Alphabet. The financing is expected to close by year-end and is subject to customary closing conditions, including US antitrust regulatory clearance. TOI was the first to report that Freshworks is raising a new round at a valuation of $3 billion from existing investors in its edition on October 17. The new round could be a precursor to establishing a valuation before its public offering in the US in the coming years, which the Chennai- and California-based company has been preparing for. “Since Freshworks’ founding, we have been at the forefront of democratising software for the entire organisation — and we’re continuing that tradition by using the most advanced cloud technologies to … [Read more...] about Freshworks raises new $150 million round
Daiichi Sankyo’s ongoing contempt case against former Fortis Healthcare promoters Malvinder and Shivinder Singh in the Supreme Court has once again highlighted the brothers’ financial woes. Once leaders of a flourishing, billion-dollar empire, the Singhs now seem to be struggling to pay a $500-million arbitration award to Daiichi for allegedly concealing information regarding wrongdoing at Ranbaxy, sold to the Japanese drug maker in 2008. The apex court last week reserved its verdict on whether the Singhs violated its 2017 orders not to part with unencumbered Fortis shares, earlier expected to be used to help pay this award. The case took a darker turn last year, when allegations of illegal diversion of the Singhs’ funds surfaced, some even by the brothers against each other. Yet, the question still remains—where did the money go? Singh vs Singh Lawyers for the Singhs had in 2016 and 2017 verbally assured the Delhi High Court that there were sufficient funds to … [Read more...] about Malvinder and Shivinder Singh and the ‘missing’ funds of a billion-dollar empire
Email Updated December 12, 2017 10:32:20 Photo: Shazam chief executive Rich Riley in 2015. (Reuters: Gustau Nacarino) Related Story: Apple confirms Shazam takeover deal, Wall Street lifts on energy and tech Map: United States Apple has confirmed it's reached a deal to buy Shazam, the UK-based app that lets people use the microphone on their mobile to identify songs.No price has been given for the acquisition, but technology news website TechCrunch reported on Friday that a deal could be worth as much as $US400 million ($531.1 million).However, that's far short of the most recent $1 billion valuation for the privately held company.Apple said Shazam would be a "natural fit" with its Apple Music streaming service and it would help users discover new songs.Apple Music has 27 million users and competes against Spotify, which has 60 million users.Apple said Shazam's team would be joining its company.In a statement, Apple spokesman Tom Neumayr said Shazam "is used by hundreds of … [Read more...] about Apple is buying Shazam for half a billion dollars
Asian Infrastructure Investment Bank (AIIB) on Friday announced a USD 500-million loan to help build rail and road infrastructure in the megapolis.With this, the Beijing-headquartered developmental bank's overall commitment to the country has gone up to nearly USD 3 billion, making it the largest borrower with a 30 percent share.The AIIB was started by 67 counties in 2016 and India is the second largest shareholder after China, and has already committed USD 2.9 billion in capital already.The USD 500-million loan for the Mumbai Urban Transport Project-3 will be for 35 years and local authorities will pay 1.40 per centover the Libor as interest.The loan will be used to quadruple the 64-km Virar- Dahanu corridor, a new 28-km suburban rail corridor between Panvel and Karjat, and to build 36 bridges/walls around the city's rail lines to reduce deaths.Bank's vice-president and chief investment officer DJ Pandian said over 50 percent of the land acquisition for these projects are already … [Read more...] about Mumbai infrastructure gets a $500 million AIIB boost