A scam is hurting India’s economy in the grip of a slowdown

Ever heard of generating fresh water from the air around us? Hyderabad-based Maithri Aquatech has developed an atmospheric water generator that can be the panacea to our water scarcity woes. This startup's water generators just needs air, only 0.3 units of energy to produce 1 litre of freshwater at less than Rs 2 cost.

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The deal will allow the new strategic investors to work with Ninjacart in utilising the supply chain infrastructure the latter has created, particularly around perishable goods, ensuring that it is cost effective after taking into account forecasting, pricing and demand.

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Separately, the firm has also closed a Rs 45 crore seed-stage fund — Rising-I fund — that will back idea stage and seed-stage companies with cheque sizes of Rs 50 lakh to Rs 3.5 crore, and which has been backed by a clutch of existing and new Limited Partners.

• Next big wave of technology Unicorn listings could be in India
• Season Two Ventures looks to raise $100 million

The platform works with more than 120 corporate houses such as Tata Croma, Future Group and Vedanta. The company plans to use the fresh capital to speed up growth by hiring senior leaders. It also intends to develop new products and use the funds for acquisitions.

• Freightwalla has $4 million to go places
• The Moms Co raises $5 million in Series-B round

The startup plans to use the funds to expand its network of professionals, enhance its product offering and integrate its technology with existing enterprise people management systems.

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• Walmart to open 25 institutes to train 50,000 MSME entrepreneurs

SoftBank has raised roughly $2 billion for its second Vision Fund so it can start making new investments, people familiar with the matter said last month. Akkiraju’s departure follows the resignation of London-based Vision Fund partner David Thevenon.

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• Licious in advanced stages to close $25-30 million funding round

The digitisation platform is a marketing and data analytics startup that enables local retailers to attract customers with a mobile-based loyalty programme.

• Digital India, Smart City initiatives drive business for Nutanix
• Amazon India halts ‘search-seeding’, denies deploying tools favouring merchant listings

Wag’s troubles have been particularly pronounced. After its investment, the Vision Fund brought in Hilary Schneider, former chief executive of LifeLock, to lead an aggressive expansion. But it lost ground to Rover, its top competitor. Reports of lost dogs and internal struggles hurt business.

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• Uber’s assault report erodes the power of trust

TPAs (Third-Party Administrator) help you (the insured) process your health insurance claim using various hospital bills and documents. However, they are not responsible for claims rejection or acceptance.

• How fraudsters make merry during holiday season
• File belated ITR before Dec 31 to avoid hefty fine

Linking your PAN with Aadhaar is mandatory to file your income tax return. Another thing you to keep in mind is that if your PAN is not linked with Aadhaar by the December 31 deadline, then as per current laws your PAN will become inoperative.

• Now, BoB lowers MCLR lending rates by 20 bps
• HDFC Bank cuts MCLR by up to 15 bps

It is holiday time of the year again and many would be gearing up for getaways. Among the very new-age types of travelling, backpacking has become a hit. For your 2020 travel goals, follow these backpacking trails across India even as you save money.

• SBI reduces one-year MCLR by 10 bps
• Why small-caps score over mid-caps now

Despite the govt and RBI taking several efforts, the slowdown is likely to extend to the medium term.

• How to evaluate your life insurance policies
• Should investors connect with telecom stocks again?

A house property is ‘self-occupied’ when the owner or family members use it for residential purpose. It could be termed ‘self-occupied’ even where the house was not occupied throughout the year due to owner’s employment at another place.

• Three ways to deal with financial infidelity
• Consider consolidated numbers when evaluating stocks

For instance, audiences are flocking in droves to multiplex theaters to catch the latest movies, leading to healthy box office collections. However, on the other hand, sales of daily needs items like soaps have visibly slowed in recent quarters.

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Recent share price correction and the resultant fall in valuation some of the reasons attracting analysts to this counter. Zee also provides a unique investment opportunity because other leading players from the media space are unlisted.

• What Principal MF's equity head has to say on mid-caps