News and Views

CoinDCX bags $2.5mn from Polychain and Coinbase

CoinDCX bags $2.5mn from Polychain and Coinbase

The new funds will bolster CoinDCX’s efforts to push crypto adoption through dedicated campaigns. Cryptocurrency exchange CoinDCX secured a $2.5 million strategic investment led by Polychain Capital. The round also saw the participation of Coinbase Ventures, the investment arm of San Francisco based cryptocurrency giant Coinbase. The new funds will help the Mumbai based start-up drive crypto adoption in India and propel it towards pushing the number of crypto adopters in India to 50 million. The investment will reinforce the CoinDCX’s efforts in building a user focused and secure exchange [...]

Bharti Telecom to sell 2.75% stake in Airtel for $1 billion

Airtel’s promoters may sell nearly 15 million shares as part of the block deal. Bharti Telecom, the promoter group of Bharti Airtel, will sell up to 2.75 per cent stake [...]

ITC to acquire Sunrise Foods

ITC to acquire Sunrise Foods

ITC entered into a share purchase agreement to acquire 100 per cent of the equity share capital of Sunrise Foods. Indian consumer goods giant ITC is set to acquire Kolkata [...]

Private sector, start-ups can revolutionise India’s atomic energy sector

Private sector, start-ups can revolutionise India’s atomic energy sector

Of all the stimulus-cum-reforms measures announced by Finance Minister Nirmala Sitharaman to resuscitate India’s Covid-hit economy, the reforms for the atomic energy sector are the most unexpected. These reforms will enable the private sector into areas dealing with the consumer application of nuclear energy and irradiation technology for the farming sector.