NEW DELHI: Former OnePlus co-founder Carl Pei on Thursday said his new venture has received a seed investment from Kunal Shah, founder of India's CRED. “Carl is working on a new consumer electronics company that I am sure will be a disruptor in the tech industry. I am excited to be part of this journey,” Shah said.Carl had already raised $7 million in a seed financing round for his new venture from friends and private investors including Tony Fadell (Principal at Future Shape & Inventor of the iPod), Casey Neistat (YouTuber), Kevin Lin (Co-founder of Twitch), Steve Huffman (CEO of Reddit), Liam Casey (Founder and CEO, PCH), Paddy Cosgrave (Founder of Web Summit) and Josh Buckley (CEO of Product Hunt).“Kunal is one of the sharpest people I know. I am proud and glad to have him as a friend, advisor, and now also an investor,“ said Pei. “We are in advanced stages of our vision and are excited to introduce it to the world soon.”Carl said his new … [Read more...] about Carl Pei’s venture receives seed investment from CRED founder Kunal Shah
Foreign investment strategies
Economic Watch: Zooming into China’s economy in 2020 beneath headline growth
After returning to growth in April, China's industrial engine continued to forge ahead, stabilizing and driving growth for the broader economy. The value-added industrial output surged 7.1 percent year on year in Q4, accelerating by 1.3 percentage points from Q3 last year. … [Read more...] about Economic Watch: Zooming into China’s economy in 2020 beneath headline growth
I’m all ears for suggestions that would benefit gaon, garib, kisan: Modi
"I have asked all parties for their suggestions to bring contentment and security to our farmers. I want to assure our farmers that this Government will never be found wanting in doing whatever is needed for their welfare," he said. … [Read more...] about I’m all ears for suggestions that would benefit gaon, garib, kisan: Modi
Celebrations at Dalal Street; Sensex crosses 50k mark for the first time
The BSE barometer of top 30 firms, S&P BSE Sensex, reached the 50,000-mark for the first time on Thursday, hitting a record high of 50,140 in opening deals. The market capitalisation of listed firms on the BSE, too, touched a record high of Rs 199 trillion.Sensex’s journey from 45,000 to 50,000 currently is the fastest 5,000-point rally in the history of Dalal Street’s oldest equities index and was completed in just 48 days. It’s run from 40,000 to 45,000 levels took 561 days to accomplish.According to experts, Foreign Portfolio Investors have been the main driver behind the market rally in India. After the initial bout of selling in the earlier part of 2020, FPIs have been consistently buying Indian equities so far. As per the data available with the NSE, In the year 2020, FPI made a net equity investment of Rs 1.5 lakh crore into the Indian market.Vijay Chandok - MD & CEO, ICICI Securities said- "Sensex crossing the important milestone of 50,000 is a telling … [Read more...] about Celebrations at Dalal Street; Sensex crosses 50k mark for the first time
Designing jewellery for Indian women is exciting: Forevermarks
New Delhi, Jan 20 (IANSlife) Designing jewellery for Indian women is definitely exciting because of the unique and different ways women from different parts of India adorn themselves as per their culture, says Federica Imperiali, Global Head of New Product Development, Forevermark while sharing her views on the philosophy behind the designs created for Indian market.In a conversation with IANSlife, the expert gives insight into the jewellery trends for Spring-Summer 2021, its business strategy and the co-relation between culture, design, and innovation. Q: What trend does Forevermarks see for Spring-Summer 2021? A: We have identified for Spring/Summer 2021 two main trends we have named Diamond Rain Twist and Shine. No doubt all trends have been influenced by the actual situation the whole world is living and we all feel the desire to invest in purchases that are meaningful and have enduring value. First trend is all about rain and all that it symbolises. It is an exhilarating source of … [Read more...] about Designing jewellery for Indian women is exciting: Forevermarks